Funding Galore: Mailmodo, Outplay, Spenddesk & others raised funding

Recent funding this week (July 19 - July 23, 2021): Spendesk, Mailmodo and Dozee raise funding
Funding Galore: Mailmodo, Outplay, Spenddesk & others raised funding

Spend Management solution, Spendesk closes $118 million from General Atlantic

Spendesk, French based startup has raised a $118 million funding. Spendesk has a base of over 3000 customers and works with brands like Algolia, Soundcloud, Curve, Doctolib to manage all aspects of expense management.

Speaking about the deal, co-founder and CEO of Spendesk Rodolphe Ardant said- “Traditionally, finance teams haven’t been equipped with the tools that can support this transformation,” He further adds, “In the past few years we have built the reference spend management solution for finance teams in Europe, which frees businesses and their people from administrative constraints of spending and managing money at work. While our solution is about empowering finance teams, we are actually delivering value to the entire business through the finance team.”

Health tech startup, Dozee plans new products, raised Rs 44 crore in a Series A 

Founded by Mudit Dandwate and Gaurav Parchani, Dozee got funded by Prime Venture Partners, YourNest Venture Capital and 3one4 Capital. With a Rs. 44 Cr capital, the startup plans to use it for mainly ramping up its R&D and adding new products in the lane. The startup has raised Rs 63 Cr since the inception. 

Talking about their growth strategy, Mudit says- “We plan to partner over 1000 hospitals across India in the next 12 months” 

It currently provides contactless remote patient monitoring solutions to over 200 hospitals in India and has experienced an uptick in sales in the previous six months. It has fitted its platform in over 5,000 hospital beds to continually monitor patients.

YC-backed Mailmodo raised $2 mn in seed round

Mailmodo, an email marketing software received funding from its existing investors- Sequoia Capital India’s Surge and Y Combinator. 

Mailmodo's software turns the email space into an app-like experience utilizing widgets and AMPs, providing organizations and marketers with a tool to improve email marketing conversions. Mailmodo competes with the best in the market - Mailchimp, Salesforce Email Studio, Zoho Campaigns, and Freshworks CRM.

Earlier this year, Titan Capital, First Cheque, Gameskraft, and AngelList led a $270K pre-seed round for Mailmodo. It was also a part of Surge's fifth batch of 23 businesses.

Sales engagement platform, Outplay secured $7.3 million in Series A round

Outplay has received $7.3 million in Series A funding from Sequoia Capital India, as the sales interaction platform aims to capitalize on the digitization of outbound sales as a result of the Covid-19 epidemic.

Outplay, founded in 2018, offers automation and personalization features of sales calls by bringing discussions from many channels such as email, phone, SMS, LinkedIn, and Twitter.

Outplay’s CEO Laxman Papineni talking about the deal said- “Outbound sales teams are truly the dark horse of the sales organisation—the targets are high, but the methods aren’t scientific, Outplay is committed to making outbound outreach data-driven, so that sales teams are talking only to the warmest prospects at any given point across multiple channels, optimising time and resources.”

For SaaS enthusiasts like you.

Every Sunday, we send an exclusive weekly SaaS column and in-depth analysis straight to your inbox. Subscribe and Stay informed, for free.

get SaaS Weekly

Learn From The Best SaaS Knowledge Hub