Eighfold raises $220M, valued at $2.1B, Whatfix raises $90M & more

Recent SaaS funding this week (June 7 - June 13, 2021): Eighfold raises $220M, valued at $2.1B, Whatfix raises $90M & more
Eighfold raises $220M, valued at $2.1B, Whatfix raises $90M & more

Vault Platform secures $8.2M in funding led by Google's Gradient Ventures

London-based Vault Platform closed $8.2M in a Series A funding round led by Google's AI-focused VC fund Gradient Ventures with participation from existing investors Kindred Capital and Angular Ventures. 

The funding was raised for its SaaS-based reporting tool for workplace misconduct which might use AI technology for enhancement. The capital will also be used to service the demand for the company's growing client base and expand its team.

Online Office Provider Teemyco Raises $3.2M in Funding 

Sweden-based Teemyco raised $3.2M in funding led by 42CAP, crossing its $4M funding mark to date. The funding also had participation from its previous investors Antler and Luminar Ventures. 

The company plans on using the freshly raised capital to expand its team to almost double its size now, for product development and scale sales and marketing. 

BuyerAssist launches its beta product with $2M funding in seed round 

BuyerAssist, founded last year by former employees of sales readiness platform MindTickle, raised $2M in a seed round led by Stellaris Venture Partners and Emergent Ventures. It launched its beta product to help B2B sales teams in keeping their buyers engaged. It believes itself to be an operating system that helps B2B companies deliver the most effective buying experience. 

The startup will be using the capital to hire in the US and India. It also plans on bringing its platform out of the beta version this year. 

Whatfix raises $90M in a Series D funding round from SoftBank

SaaS startup Whatfix announced its $90M funding in a Series D round led by SoftBank Vision Fund 2, reaching a valuation of close to $600M. 

“Whatfix is proud to offer a unified digital adoption experience enabling organisations to extract the full value from their software tools while also empowering employees, customers, and businesses. This latest round of funding strengthens our position as we plan to expand our offerings globally and continue to provide excellent customer service to businesses" - Khadim Batti, CEO & co-founder, Whatfix.

Corporate spend startup Airbase closes $60M in Series B funding 

The corporate spend startup Airbase raised $60M in a Series B funding round led by Menlo Ventures. The company's CEO targets the mid-market companies which, he believes, want a single solution for various point services they have traditionally paid for. 

With more cash than the company has ever had in its accounts, the company has been busy expanding its team. It has brought in a CFO, a general counsel and a sales VP from Mattermost, Robinhood and Dropbox, respectively. 

Slintel closes $20M in a Series A round led by GGV Capital

California-based startup Slintel raised $20M in Series A funding led by GGV Capital with participation from Accel, Sequoia Capital and Stellaris. The startup builds sales intelligence platforms for enterprises and targets customers in the enterprise software, pharmaceuticals, education and gaming sectors. 

The company aims to build a deeper solution to power use cases across different go-to-market functions. Slintel claims to have been capturing 100M data points each week to provide sales recommendations to its customers. 

Aserto raises $5.1M for an Authorization as a Service solution 

Aserto announces a $5.1M funding in a seed round led by Costanoa Ventures and Heavybit Industries. A startup founded by two tech industry bets, it aims to build an authorization as a service solution. 

“If you look at authorization, it really hasn’t moved forward at all. The access part is really stuck in the world of the 2000s. And we wanted to figure out essentially what authorization would look like in the age of SaaS and cloud. We feel like that’s another 10-year mission with a lot of pain right now, and a lot of value that we can deliver,” says Omri Gazitt, CEO & co-founder, Aserto.

Yousign raises $36.6M in Series A funding led by Lead Edge Capital 

French stratus Yousign, an e-signature provider, raised $36.6M in Series A funding led by Lead Capital Edge. The European company wants to build an alternative to American companies like DocuSign, Adobe Sign, SignNow, HelloSign, etc. and convert new customers from small and medium companies that don't use an e-signature solution yet. 

The company plans to use the funding to reach 50k European SMBs by 2024 with 6000 clients currently. It also targets to hire 150 additional employees over the next 18 months. 

Balderton launches a $680M early-growth fund for high-potential tech companies 

One of Europe's top VC funds, Balderton, has launched a $680M early-growth fund for high-potential tech startups in need of a different kind of capital. It is targeting 15 companies that are at an early-growth stage. 

"With this Growth Fund, we can now support them as they scale to become global industry leaders. We predict a $50 billion growth opportunity in Europe in the next three years alone, and we want to be the first choice for those ambitious founders.” - Bernard Liautaud, managing partner.

Singapore-based Osome raises $16M in Series A funding

Osome, a corporate services "superapp" startup, raised $16M in a Series A funding round with participation from returning investors Target Global, AltalR Capital and Phystech Ventures. It is used by around 6,000 companies in Singapore, the UK and Hong Kong. 

The funding raised will be used for product integrations and international expansion, with plans to launch more apps and products for e-commerce platforms over the next 18 months. It will also add integrations with these companies and administrative services to cut out the time spent in accounting. 

Eightfold AI raises $220M in Series E, now valued at $2.1B

AI startup Eightfold, which uses deep learning and AI to provide a talent acquisition platform to its clients, raised $220M in a Series E funding led by SoftBank Vision Fund 2, reaching a valuation of $2.1B. It helps companies find, recruit and retain workers by providing a platform that identifies suitable candidates and filters thousands of resumes. 

The startup will be using the fresh funding to increase its expansion efforts and invest in hiring more data scientists and engineers.

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