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E-Commerce Food and Beverage Marketing Automation North America Payments Restaurants Retail SaaS Small and Medium Businesses Software Transaction Processing

SpotOn Raises $300 Million in Series E Funding Led by Andreessen Horowitz; Transaction Values Company at $3.15 Billion

– SpotOn, one of the fastest-growing software and payments companies with comprehensive solutions for restaurants and retail businesses, announced $300m in Series E funding, raising its valuation to $3.15bn.
– The funding will be used to acquire Appetize, a leading digital and mobile commerce platform for enterprise businesses, such as sports and entertainment venues, theme parks, zoos, college campuses, and more.

B2B Business Information Systems Employee Benefits Human Resources Productivity Tools SaaS Small and Medium Businesses Software Western Europe

Factorial Closes a Series B Funding Round with $80 Million

– Factorial, a Barcelona-based HR software company that streamlines people management, has closed an $80m Series B funding round led by Tiger Global Management, with participation from previous investors CRV, Creandum, Point Nine, K Fund, and Columbia Lake Partners bringing the total funding amount to $100m.
– Factorial, which serves thousands of clients in more than 65 countries, has been ranked among the Top 10 most promising startups in Europe. With the new funds, Factorial will expand to new markets, opening offices in the USA and Brazil.

Accounting Cloud Computing E-Commerce FinTech North America SaaS Small and Medium Businesses Software

Accounting platform Synder raises $2M to automate e-commerce bookkeeping

– Synder raised $2m in seed funding.
– The round was acquired before going into the accelerator program.
– The company bills itself as an easy accounting platform for e-commerce businesses.
– It was originally founded as CloudBusiness in 2016 and developed accounting automation and management of business finances for small and mid-size businesses.
– Synder, in 2018, focused on the company full-time to develop an easy way for commerce companies to shift to omnichannel sales.
– The company is already working with 4,000 clients, and will now be fast-tracking their expansion.

E-Commerce Internet Internet of Things Mobile Payments Payments Small and Medium Businesses Western Europe

elopage Raises USD38M in Series A Funding

– elopage is a Berlin, Germany-based SaaS platform and payment provider for digital entrepreneurs, creators, SMEs and enterprise businesses.
– The company closed a USD 38m (EUR 32m) initial funding round.
– The round was led by Target Global, Partech Ventures and Avid Ventures.
– The new investment will be used to grow its team from 70 to 190 by the end of the year, expand across Europe, and invest further in its proprietary end-to-end platform.

Human Resources North America Small and Medium Businesses Software

Sora’s HR automation software raises $14M Series A

– HR automation software startup Sora announced that it closed a $14 million Series A round of funding.
Two Sigma Ventures led the financing event, putting in $10 million, with prior investors completing the round.
First Round and Elad Gil led that investment.

Financial Services North America Professional Services Small and Medium Businesses

401GO Raises $2M in Seed Funding

– 401GO from San Francisco raised $9.2m in Series A funding.
– The round was led by Impression Ventures with participation from Signal Peak Ventures, and Stout Street Capital.
– The company intends to use the funds to scale operations, further enhance its platform, allow for new integrations with other small business services providers, and accelerate its financial advisors partner program.

Asset Management Business Development Small and Medium Businesses Western Europe

SellerX Raises €100M in Funding

– SellerX, a Berlin, Germany-based Amazon FBA aggregator of third-party e-commerce businesses, raised €100 ($118)m in funding.
– The round was led by the Growth Fund of L Catterton, with participants from Belgian investment company Sofina, as well as existing investors Cherry Ventures, Felix Capital, and 83North.
– The new investment will be used to expand operations and business reach.

Accounting Billing FinTech North America Payments Small and Medium Businesses Software

FreshBooks reaches $1B+ valuation with $130.75M for its SMB-focused accounting platform

FreshBooks, a cloud accounting software company, raised $80.75m in Series E funding, as well as $50 million in debt financing.
With the new capital injection, FreshBooks has now raised a total of more than $200m in funding over its lifetime.
FreshBooks was started to solve a pain point for one of its founders. In 2003, FreshBookscofounder Mike McDerment was running a small design agency. When it came to billing clients, he found Word and Excel frustrating to use and felt like they werent built to create professionallooking invoices. So he coded his own solution that became the foundation of what is now FreshBooks.

Human Resources Local North America Professional Services Small and Medium Businesses Software

Homebase Announces $71 Million in Series C Funding

– Homebase announced its $71m Series C funding round to expand its products and services.
– With $109m in total funding to date, Homebase is also launching new innovative tools for HR and payroll that broaden its offering for small business owners and accelerate the company’s growth and expansion.
– This funding round was led by new investor, GGV Capital, and includes existing investors Bain Capital Ventures, Baseline Ventures, Bedrock Capital, Cowboy Ventures, and Khosla Ventures, and additional investor PLUS Capital.

FinTech Mobile Payments Payments Point of Sale Small and Medium Businesses Sub-Saharan Africa

South African payments startup Yoco raises $83M Series C backed by Dragoneer

– Yoco, a South African fintech, raised $83m in Series C funding.
– The round was joined by investors Dragoneer Investment Group, Breyer Capital, HOF Capital, The Raba Partnership, 4DX Ventures and TO Ventures; and existing investors Partech, Velocity Capital Fintech Ventures, Orange Ventures and Quona Capital. Current and former executives from global tech companies such as Coinbase, Revolut, Spotify and Gojek took part as well.
– The company plans to scale offline and online offerings and expand to new markets.

Local North America SaaS Small and Medium Businesses Software Sports

LeagueApps raises $15M to be the ‘operating system’ for youth sports organizations

– LeagueApps, which aims to be the operating system for youth sports organizations, announced it has raised $15m in a Series B round of funding.
– Existing investor Contour Venture Partners led the financing, which brings to $35m the company’s total funding since its 2010 inception.
Major League Baseball and Elysian Park Ventures, the private investment arm of the ownership group of the Los Angeles Dodgers, also participated in the round.
– A slew of new and existing backers also put money in the round, including Olympic gold medalists Julie Foudy and Swin Cash; NFL veteran Derrick Dockery; Peter J. Holt, chairman of Spurs Sports & Entertainment; Laura Dixon, founder and president of PRO Sports Assembly; and investment management firm Hamilton Lane.

E-Learning North America SaaS Small and Medium Businesses Software Subscription Service Training

Trainual Raises $27M Series B to Solve Onboarding and Training Pains of New Hybrid Workforce

– Trainual, a leading SaaS platform modernizing the way businesses onboard, train and scale their teams, announced that it closed a $27M Series B investment.
– Led by Altos Ventures, several new and noteworthy investors backed the latest round, including The Shark Group CEO Daymond John, Indeed Co-Founder and Chairman Rony Kahan, PandaDoc CEO Mikita Mikado, TSheets Co-Founder Matt Rissell and 8×8 CEO David Sipes.
– The round also featured continued support from Series A investors 4490 Ventures, MATH Venture Partners and PHX Ventures.
– This round follows Trainual’s $6.75 million Series A and brings the company’s total funding to $33.75 million.

Accounting North America SaaS Small and Medium Businesses Software

Canopy Raises $11M in New Funding Round

– Canopy announced it has received $11m in new funding from investors including Ankona Capital.
– The round includes new investor Ankona Capital as well as existing investors NewView Capital, Pelion Venture Partners and Tenaya Capital among others.
– This new capital will be used to continue to build the accounting industry’s first cloud-first, mobile, modern practice suite.
– Canopy is investing in the development of its product in order to be at the forefront of this trend, identifying pain points and delivering value to customers while developing the innovative solutions accounting professionals need to operate successfully.
– The accounting industry continues to undergo a shift towards cloud-based solutions built with both the accountant and the accountant’s client in mind – a trend that was accelerated by the pandemic.

Finance FinTech North America Small and Medium Businesses

Guideline Raises $200M in Funding Led by General Atlantic to Fuel Growth of Comprehensive Retirement Plan Solutions

– Guideline, a leading provider of easy, affordable retirement plan solutions for small-and-medium-sized businesses (SMBs), announced it has raised $200M in new funding led by General Atlantic, a leading global growth equity firm.
– Existing investors Generation Investment Management, Greyhound Capital, Felicis Ventures, Propel Ventures and others also participated.
– Guideline plans to use the funds to further scale its offering of full-service 401(k) plans, as well as introduce new retirement plan solution products.
– Founded in 2015 by CEO, Kevin Busque, CPO, Jeremy Caballero, and CTO, Mike Nelson, Guideline’s mission is to help everyone arrive at a safe, secure retirement, whether they are a small business owner, an employee or are self-employed.

Beauty Marketplace SaaS Scheduling Small and Medium Businesses Western Europe

General Atlantic Leads $100 Million Investment in Fresha, Leading Global Beauty and Wellness Platform, to Fuel Continued Growth

– Fresha announced a $100m Series C investment led by General Atlantic with strategic participation from Huda Kattan of HB Investments and the founder of Huda Beauty, as well as Michael Zeisser of FMZ Ventures, former Chairman Investments at Alibaba Group, and Jonathan Green of Lugard Road Capital.
– Fresha’s existing global investors Partech, Target Global and FJ Labs also participated in the round, bringing the company’s total fundraising to $132m to date.
– Fresha will leverage the new funds to further broaden its global community of partner salons and spas, scale product development, deepen its marketplace bookings and pursue strategic M&A.

Accounting E-Commerce FinTech Small and Medium Businesses Software Southeast Asia

Osome raises $16M to automate repetitive accounting tasks

– AI-powered accounting platform Osome announced that it raised $16 million in a series A funding round.
– The company plans to put the proceeds, which bring its total raised to over $24 million, toward expanding its footprint internationally and building new product integrations.
– Studies show that the vast majority of day-to-day accounting tasks can be automated with software.
– That may be why over 50% of respondents in a survey conducted by the Association of Chartered Certified Accountants said they anticipate the development of intelligent systems will have a significant impact on accounting businesses over the next 30 years.
– Another report found that 96% of accountants are positive about the role that automation will play in their day-to-day processes, with 89% viewing automating data entry and reporting as a way to create more value-add service for clients.

Accounting Credit FinTech Small and Medium Businesses Southeast Asia

BukuWarung, a fintech for Indonesian MSMEs, scores $60M Series A led by Valar and Goodwater

– BukuWarung, a fintech focused on Indonesia’s micro, small and medium enterprises (MSMEs), announced it has raised a $60 million Series A.
– The oversubscribed round was led by Valar Ventures, marking the firm’s first investment in Indonesia, and Goodwater Capital.
– The Jakarta-based startup claims this is the largest Series A round ever raised by a startup focused on services for MSMEs.
– BukuWarung did not disclose its valuation.
– Other participants included returning backers and angel investors like Aldi Haryopratomo, former chief executive officer of payment gateway GoPay, Klarna co-founder Victor Jacobsson and partners from SoftBank and Trihill Capital.

Cyber Security Network Security North America Small and Medium Businesses Software

[redacted] Closes $35M in Series B Funding to Disrupt Adversaries and Hold Attackers Accountable

– [redacted] emerged from stealth with $35M in Series B funding led by Ten Eleven Ventures, with participation from Valor Equity Partners and SVB Capital.
– [redacted] is a cloud-native security platform that protects companies from cyber attacks.
– The company’s solution is built for modern cloud architectures, and it is designed to protect companies from the most advanced cyber threats.
– The company’s platform is built to protect companies from both external and internal threats.

Accounting Apps Computer Vision Construction Developer APIs Enterprise Software Intelligent Systems Mobile Apps North America SaaS Small and Medium Businesses

Veryfi Raises $12M in Series A Financing

– Veryfi from San Mateo develops a data transformation platform for the enterprise and technology corporations.
– Series A $12M round was led by NewView Capital with participation from TI Platform Management and existing investor Act One Ventures.
– The new investment will be used to expand operations and business reach.

B2B Finance Information Technology North America Payments Small and Medium Businesses

Routable Raises $30M to Expand Modern Business Payments to the Enterprise

– Routable announced today that the company has raised $30m in Series B funding.
– The round was led by Sam Altman, CEO of Open AI and former president of Y Combinator, and Jack Altman, CEO of Lattice.
– Additional investors include Flexport as well as angel investors, including Max Mullen (Instacart), Joe Gebbia (Airbnb), Aaron Levie (Box), Marc Benioff (TIME Ventures), Gokul Rajaram (DoorDash), Lachy Groom (formerly of Stripe) and Scott Belsky (Behance).
– Having already become the B2B payments platform of choice for fast growing mid-market companies that need to regularly send a high volume of payments, Routable will use this funding to scale its team to expand upmarket into the enterprise space.

Commercial Insurance Finance Insurance InsurTech North America Small and Medium Businesses

Next Insurance Raises $250M in Funding; Valued at $4 Billion

– Next Insurance, a Palo Alto, Calif.-based digital insurtech company transforming small business insurance, raised $250m in funding.
– The round was led by FinTLV Ventures and Battery Ventures with participation from CapitalG, Group 11, Zeev Ventures, Founders Circle and G Squared.
FinTLV Ventures founder and managing partner Gil Arazi and Battery Ventures general partner Michael Brown will join as board observers.
– The company intends to use the funds to continue to expand operations and its business reach.

Finance Intellectual Property North America Small and Medium Businesses

MicroVest Secures Debt Financing from the U.S. International Development Finance Corporation to Advance Financial Inclusion in Emerging Markets

– MicroVest secured debt financing from the U.S. International Development Finance Corporation (DFC) to advance financial inclusion in emerging markets.
– The DFC will double the size of its financing to MicroVest’s flagship levered fund from $48m to $96m.
– MicroVest’s investments are aligned with six of the United Nations Sustainable Development Goals and are also aligned with the 2X Challenge, an initiative of G7 Development Finance Institutions to support women’s economic empowerment.

FinTech Insurance InsurTech North America Small and Medium Businesses

Pie Insurance Completes $118M Series C Round

– Pie Insurance, an insurtech specializing in workers’ comp insurance for small businesses, today announced the completion of a $118m Series C funding round.
Allianz X and Acrew Capital led the round, and existing investors Greycroft, SVB Capital, SiriusPoint, Elefund, and Moxley Holdings also participated in the round.
– This funding round follows Pie’s $127m Series B extension round in May 2020, in which it formed Pie Carrier Holdings with a $100m equity capital commitment to create and purchase licensed insurance companies.
– In total, Pie has raised over $300m in funding since being founded in 2017.

Employee Benefits Europe Information Technology Payments SaaS Small and Medium Businesses Software

PayFit raises $107 million for its payroll and HR platform

– French startup PayFit has raised a $107m series D funding round.
– The round was led by Eurazeo Growth and Bpifrance’s Large Venture fund.
– Existing investors Accel, Frst and Xavier Niel are participating once again.
– PayFit has been building a payroll and HR software-as-a-service platform.
– It lets you manage your payroll from a web browser and automate as many steps as possible.
– For instance, you can configure to automate payslip generation, export your payroll data to your accounting software and get a list of payments you need to make when it comes to pensions, health insurance, etc.
– Given that it’s a software-as-a-service platform, everything remains up to date.

Auto Insurance Commercial Insurance Europe Finance FinTech Insurance InsurTech Professional Services Small and Medium Businesses

Zego, the tech-enabled commercial motor insurer, raises $150M at $1.1B valuation

– Zego, an insurtech that got its start by offering flexible motorbike insurance for gig economy workers but has since expanded with a range of tech-enabled commercial motor insurance products, has raised $150m.
– The funding round was led by DST Global and joined by General Catalyst, whose founder and MD, Joel Cutler, joins Zego’s board.
– Notable investors include Wise’s Taavet Hinrikus, who is also on the Zego board, and Target Global, Balderton Capital and Latitude.
– The insurance company says it will use the funding to “rapidly expand across Europe and beyond”.
– It will also double its workforce, which currently stands at 265 employees, to over 500 employees by the end of 2021, and continue to invest in technology.

Accounting Banking Europe Finance FinTech Freelance Small and Medium Businesses

Countingup closes £9.1M for its business current account with built-in accounting features

– Countingup, a U.K. fintech offering a business current account with built-in accounting features, has closed £9.1m in Series A funding.
– The round was led by Framework Venture Partners, with participation from Gresham House Ventures, Sage and existing investors.
– It brings Countingup to a valuation of $50m.
– The company plans to use the funding to quickly scale up the team from 30 to 80 people.

CRM Enterprise Software North America Recruiting SaaS Small and Medium Businesses Software

Workiz locks in $13M for productivity tools aimed at home services professionals

– Workiz, a field service management platform for small businesses, raised $13m in funding.
– The round was led by New Era Capital Partners and joined by Aleph, Magenta Venture Partners, Maor Investments and TMT Investments.
– The company is based out of San Diego and Israel.
– It has some 100,000 service professionals using the platform.

Accounting Cloud Computing Enterprise Software Europe Non Profit SaaS Small and Medium Businesses Software

AccountsIQ Raises €5.8M in Funding

– AccountsIQ, a London, UK- and Dublin, Ireland based provider of a Financial Management Software (FMS) platform for mid-market SMEs with multiple subsidiaries, branches and locations, secured €5.8M in funding.
– The company will use the funds to continue to expand operations and its business reach.

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