Low-code focused Outsystems $150m funding

Recent SaaS funding this week (Feb 15-Feb 25, 2021): Ally, India-based Low-code tool, Outsystems raised funding. Read here for more details.
Low-code focused Outsystems $150m funding

Ally.io Raises $50M in Series C Round

Ally.io, a strategic goal-planning and execution management software has raised $50 million in Series C round led by Greenoaks Capital. 

According to Vetri, the founder of Ally.io,  the fresh round of funding will be used for the startup’s rapid global expansion, which saw a 3.3x growth in 2020. It plans to add another 1,000 customers this year. 

Ally.io, the Seattle-headquartered SaaS startup with technology development center in Chennai and backed by the likes of Lee Fixel, Tiger Global, and Accel.

ARKK Secures £7M Funding to Aggravate Fintech & AI Affinity

ARKK, a cloud based digital financial reporting SaaS company has secured £7 million from its existing investor Mobeus.

The funding will enable the company to accelerate its growth and for sight platform and modules to meet growing demand from clients, including a significant number of FTSE 350 companies and accountancy firms.

Marquee Equity Secures $3.8M for Undisclosed US-based Fintech Client

Marquee Equity — a Delhi-based SaaS platform, connecting startups to investors, venture capitalists, and angel investors for funding requirements — raised $3.8 million from Capital One, Arrowroot Capital, others, for an undisclosed US-based fintech client.

"My co-founder and I started Marquee to make it super simple for startup founders to access the highest-quality capital, anywhere in the world — mainly because emerging companies usually don't find the best investment banker representation at the early stages", said,  Ash Narain, CEO and Co-founder, Marquee Equity, speaking on the development.

India Quotient Expected To Invest In D2C, SaaS Startups

Mumbai-based venture capital firm India Quotient announced the launch of the fourth fund where it is looking to raise $80 Mn to invest in direct-to-consumer (D2C), enterprisetech, edtech, fintech and social media startups. The VC firm said that it is looking to raise at least half of the capital from domestic investors, particularly family offices, and remaining from global investors.

“We are expanding our global investor base and will work with about 20 family offices in India. These business houses bring us credibility, access to markets and insights, which will give us access to investments that were hitherto available only to overseas money,” Sinha said. 

(AI) Company Peak Raises $21 million in Series B Funding Round

The funding round was led by venture capital firm Oxx, MMC Ventures and Praetura Ventures, and new investor Arete. This brings Peak’s total funding raised to date to $43 million.

Peak’s software enables companies across sectors including retail, consumer goods and manufacturing to embed AI into the core of their decision making and operations. Peak’s customers have seen transformational results. 

This latest funding will fuel an ambitious global expansion to meet strong demand, with new offices opening in both the USA and India, as well as continued R&D investment in Peak’s Decision Intelligence software. As a result, Peak is planning to create 130 new jobs globally in the coming year..

Low-code Concentrated OutSystems Raises $150M

The round was led by Abdiel Capital and Tiger Global, and takes its valuation to $9.5B. The new funds put OutSystems on an IPO path.

OutSystems was founded in 2001,and yet it remains privately held. And like many startups, it appears to have caught a tailwind from the accelerating digital transformation of companies both large and small.

OutSystems works on low-code app development, low-code services bring together some coding along with visual programming interfaces.

Zomentum pulls in $13m funding for Development & Expansion 

Zomentum pulls in $13m funding from Elevation Capital, Accel, Greenoaks Capital & Eight Roads Ventures. The latest round follows the $4.1-million seed funding raised by the company in July last year. It plans to use the funding for product development and to expand in multiple geographies.

Founded in 2018 by Shruti Ghatge and Rahil Shah, Zomentum provides an all-in-one solution with various product modules that enables IT channel partners to grow their business and add new customers.

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