6Degree raises $1M, Recharge reaches $2.1B valuation and more

Recent SaaS funding this week (May 3 - May 9, 2021): 6Degree raises $1M, fintech startup Nivesh raises $1.6M, and Recharge reaches a $2.1B valuation. Read more.
6Degree raises $1M, Recharge reaches $2.1B valuation and more

6Degree, a B2B retail SaaS platform, raises $1M from a Series A Round

B2B retail SaaS platform 6Degree raises $1M from a Venture round on May 4, 2021. The company is backed by SucSEED Indovation Fund, Keiretsu Forum, SucSEED Angel Network, and AngelBay.

The Mumbai based company plans to use the funds to boost the operations for ‘Honeycomb’,  their flagship product which caters to the fashion and lifestyle sector. 6Degrees also mentions they see a 5X growth this year and scale with over 3,000 brands with it.

Fintech startup Nivesh raises $1.6M in a Seed Round

Nivesh.com has raised a total of $2.6M in funding over 4 rounds. Their latest funding was raised on May 4, 2021 from a Seed round. Where they raised $1.6M. The funding round was led by Indian Angel Network(IAN).

The Noida-based startup plans to use the funding to expand its product portfolio and  enhance its technology, scale up its partners and increase its team strength.

HoneyBook raises $155M in a Series D Round, bringing valuation to over $1B

HoneyBook has raised $155 million in a Series D. The round was led by Durable Capital Partners LP. Honeybook has raised a total of $241M in funding over 7 rounds bringing the San Francisco-based company’s valuation to over $1 billion. 

HoneyBook is a business management platform creating tools to help creative entrepreneurs run their business on their own terms.

IoT platform, Thingsup raises $100k from a Pre-Seed round

Thingsup, a low code IoT platform announced raising $100k in a Pre Seed round on May 4th, 2021. Thingsup is under its parent company, iobot, and is funded by 5 investors. Pras Hanuma and Rajesh Sawhney are the most recent investors while the lead investor is GSF Accelerator.

According to iobot the funds will be used to match the growing demand of digitizing cold chain logistics because of the ongoing COVID-19 pandemic.

Obviously AI, a no-code AI startup raises $3.6M in a Seed Round

Obviously AI has raised $3.6 million as seed funding. The round was led by TMV, an early-stage investment firm that focuses on the future of living well.

Obviously AI allows you to quickly build machine learning models and use them to predict outcomes in minutes, without writing a single line of code. The company plans to use the funds to double down on its growth and expand their best-in-class engineering team.

ReCharge raises $227M from a Series B Round

ReCharge, a subscription management software for ecommerce companies, announced raising $227M from a Series B round. The funding round was backed by Summit Partners, ICONIQ Growth and Bain Capital Ventures.

The California-based company was bootstrapped for a few years before raising $50M from a Series A round and is now estimated to be at a $2.1 billion valuation. Their  SaaS platform has evolved over the years from a subscription billing/payments platform to having a broader set of offering to the ecommerce industry

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