CXO-driven angel investment platform (IPV) announces funds to invest in startups, SaaS startup MoEngage raises $77 million, and more

SaaS Weekly News Roundup for the week of 6th June
CXO-driven angel investment platform (IPV) announces funds to invest in startups, SaaS startup MoEngage raises $77 million, and more

SaaS startup MoEngage raises $77 million in funding led by Goldman Sachs, B Capital

Customer engagement platform MoEngage has raised $77 million in Series E funding, led by Goldman Sachs Asset Management and B Capital. This is Goldman Sachs Asset Management’s first investment in an Indian Software as a Service (SaaS) company

This is MoEngage’s third funding round in the last 12 months. It raised $32.5 million in July 2021, and $30 million in December last year.

CXO-driven angel investment platform (IPV) announces funds to invest in startups looking to raise Pre Series A to Series B capital

Venture capital fund Physis Capital expects the first closure of at least $10-15 million from investors over the next four months and reaches its target of $50 million in one year, while the deployment of capital into promising startups could begin as early as October this year.

The fund, which aims to build a portfolio of 15-20 startups with a minimum ticket size of $2 million, has recently received approval from the Securities and Exchange Board of India (Sebi).

Behavioral cybersecurity platform CybSafe raises $28M Series B led by Evolution Equity Partners

CybSafe is a SaaS product with a per-user-based, subscription licensing model that has a “behavior-led” platform that manages people-related security. In other words, it uses behavioral science and data analytics to help employees be more cybersecurity aware.

Last year, it raised a $7.9 million Series A. It’s now raised a $28 million Series B round led by Evolution Equity Partners with participation from Emerald Development Managers and existing investors IQ Capital and Hannover Digital Investments (HDI) GmbH.

Middesk raises $57M to automate business verification and underwriting

Middesk, a platform designed to automate business verification and underwriting decisions, today announced that it raised $57 million in a Series B round co-led by Insight Partners and Canapi Ventures with participation from Sequoia, Accel and Gaingels. 

Papercup raises $20M for AI that automatically dubs videos

Papercup today announced that it raised $20 million in a Series A funding round led by Octopus Ventures with participation from Local Globe, Sands Capital, Sky and Guardian Media Ventures, Entrepreneur First and BDMI.

It brings the London-based company’s total raised to date to roughly $30.5 million, most of which will be put toward research around expressive AI-generated voices and expanding Papercup’s support for foreign language

From Saastitute, with love:

A Guide to Accelerator Programs for Startups in 2022

Over the past few years, awareness of accelerator programs for startups like AngelPad, Y-Combinator, and 500 Startups has skyrocketed. And while accelerator programs remain to be highly competitive, a lot of early-stage startups remain misinformed about the benefits of joining an accelerator program.

Startup accelerators support ‘napkin-stage’ founders by helping them with everything from finding co-founders, to raising money and building a strong network of mentors and entrepreneurs. Read on for a download of everything you need to know about accelerator programs in 2022.

Building a Micro-SaaS: Best Tools and Platforms In 2022

Micro-SaaS businesses are essentially small businesses serving small pockets of customers spread across the globe. They aim to solve small and specific problems better than their enterprise counterparts because of their micro-focus.

We’ve compiled a list of resources and platforms to discover profitable ideas and get you started on your micro-SaaS journey.

To dive into all things SaaS, visit us at Saastitute, where we have an endless collection of blogs, SaaS startup stories, and Weekly Funding Roundups. Be sure to sign up for our latest bi-weekly newsletters to keep you up to date on the latest SaaS developments.

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