Contentsquare raises $500M, Fireflies.ai closes Rs 100 Cr & more
SaaS startup FarEye has raised a funding of $100M in a Series E round led by global venture capital TCV and Dragoneer Investment Group. FarEye has been targeting the multi-billion-dollar delivery management market since 2013, the US being its largest market.
The new capital, raised in less than a year after Microsoft Venture fund, Eight Roads, Honeywell and Elevation Capital invested $37M in the company, will be used to redefine product delivery across diverse logistics networks and expand their footprint in Europe and North America.
San Francisco and Hyderabad based startup Fireflies.ai has raised Rs 100 Cr in its Series A funding round, led by Khosla Ventures, thus raising close to Rs 135 Cr since its establishment in 2016. The startup, providing a collaboration tool for teams to capture voice messages and transcribe meetings, aims to use the fresh capital on expanding its team across engineering, customer engagement and marketing.
“To be able to orchestrate and automate complex business workflows with just the sound of our voice is something we hope to make possible in workplaces," says Krish Ramineni, co-founder and CEO, Fireflies.ai.
Sandhya Venkatachalam, the partner at Khosla Ventures, will be joining Fireflies’ board of directors as a part of this fundraiser.
French startup Matera raised $43M in a Series B funding round led by Mubadala capital. The company is working on turning residential property management into SaaS. With Matera, co-owners of a building get a web-based platform and a mobile app to communicate and view contracts with partners like elevator maintenance, electricity, water, etc.
With the current funding announced on May 24, it plans to expand its roots to Germany. It aims to manage 6000 companies, including 40 in Germany (currently has 3000 buildings and about 60,000 users) by the end of this year. The company also plans on expanding its team.
Paris based customer experience platform Contentsquare has raised $500M in a Series E round led by SoftBank Vision Fund, raising a total of $810M to date, and reaching a valuation of $2.8 billion.
The company intends to use the funding to accelerate its growth and fuel a recruitment spree with over 1500 new jobs planned for the next three years while continuing its M&A activities. With 50% of its business generated from the US, Contentsquare is now targeting the Asian market, specifically China.
The leading partnership platform for SaaS, PartnerStack, closed $29M in a Series B led by 3L, Whitecap Venture Partners, Harbourvest and existing investors RRE Ventures, witnessing a fourth consecutive year of triple-digit revenue growth since it was founded in 2015.
The company plans on using the fresh capital in recruiting more high-value partners, building more opportunities for SaaS platforms to discover each other, improve its automation technologies and scaling its GTM efforts.
Filtered.ai recently announced its fundraising of $7M round to accelerate its technical hiring services and build a GTM model for its engineer and developer-focused hiring.
The company did not raise external funding earlier when it rather bootstrapped because Paul Bilodeau, founder and CEO, found external fundraising nonsensical until its proactive hiring goals came into effect and funding made it easier.
The company also wanted to expand its marketing efforts and shake its pricing, thus closing on the fundraising deal.
Australia-based startup Pyn raises $8M in a seed round led by Andreessen Horowitz along with Accel and Ryan Sanders (the co-founder of BambooHR) and Scott Farquhar (co-founder and co-CEO at Atlassian) to bring targeted communications in-house.
“I’ve been trying to do this my entire professional life, trying to personalize the communication that we’re sending to our people. So that’s what Pyn does. In a nutshell, we radically personalize employee communications,” says Joris Luijke, co-founder and CEO at Pyn.