Inside SaaS - July 19th, 2019 |

Inside SaaS (Jul 19th, 2019)

Germany's breakout transport app / B2B travel firm raises $60M / Slack to reset passwords

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1. Munich-based transport startup FlixMobility has raised the largest funding round in Germany's history. Reuters confirmed that the transport app, founded as FlixBus in 2013, has closed a historic funding round worth around 500 million euros ($561 million). The company manages a mobility platform that has become known in Europe for operating its lime-green FlixBus transport network, which recently launched in the U.S. Last March, FlixMobility also began operating a train service (FlixTrain) and now increasingly relies on AI technology to improve how its platform connects customers to drivers. Going forward, FlixMobility plans to roll out a carpooling service (FlixCar) and expand to Asia and South America by 2020. -- REUTERS

2. Barcelona-based work trip booking firm TravelPerk has added $60 million to its Series C. This latest investment brings the B2B travel SaaS company's Series C round to $104 million and its total capital raised to date to $134 million. The new investment came from the same investors of the previous Series C round, who are now clearly making their confidence known by doubling down on TravelPerk. Led by Israeli CEO Avi Meir, the company was launched in 2015 with the ambition to relieve the pain of organizing business travel, with TravelPerk sealing a Series A funding round worth $7 million within that same year. -- TECH CRUNCH

3. Real estate startup Haus has landed $7.1 million in new funding for its innovative homeowner platform. Founded by Uber co-founder Garrett Camp in 2016, Haus aims to re-engineer the home-buying process by removing the burden of paying a mortgage. Instead, homeowners enter a deal to pay monthly installments to Haus in order to "purchase more equity and pay the startup and its investors," a payment plan that Haus claims is 30 percent lower than a traditional mortgage. -- TECH CRUNCH

4. Campsite booking startup Hipcamp has raised $25 million in a Series B funding led by Andreessen Horowitz. The latest round of funding brings the total raised to $41.8 million since the company's creation in 2013. Hipcamp claims to have gotten permission to unlock 300,000 campsites on private land and in national parks and forests primarily in the U.S. Through its deals with private landowners, the firm has essentially created new parklands through the process. -- SKIFT

5. Microsoft President Brad Smith has been confirmed as a speaker for this year's GeekWire Summit in Seattle. The annual tech event will be held from October 7 to 9 and unite more than 800 businesses and tech leaders. The event has already recently confirmed their first round of guest speakers, which includes Expedia Group CEO Mark Okerstrom and Outreach CEO Manny Medina. -- GEEKWIRE

6. Microsoft cloud service Azure outgrows Windows and Office for the first time in three years.  Microsoft's Intelligent Cloud reporting segment -- which also includes SQL Server, Windows Server, Visual Studio, System Center, consulting services and support -- helped boost fourth-quarter revenue to $33.7 billion and net income to $13.2 billion. Azure is benefiting from a fundamental shift to the cloud, but not growing as fast it was in 2016. Microsoft has now projected double-digit sales increases for the forthcoming fiscal year. -- CNBC

7. Venture capital for B2B tech companies rose 28 percent in 2018 compared to the previous year. According to a report published by venture capital data firm Tracxn, “2018 saw investments of $3.09 billion in B2B startups across 415 rounds." The spike in attention from VC wallets in the B2B space is attributed to a fundamental development in marketing automation. This year, the surge of VC dollars into B2B tech is projected to continue, with companies such as (see chart) Influitive, Sendoso, LeanData, 6sense, Bizzabo, Alyce and FullStoryhave already raising millions of dollars. -- DEMAND GEN REPORT

8. Slack to reset passwords for about 100,000 users four years after a confirmed hacker breach. In 2015, the company confirms that it was infiltrated by hackers who gained access to their user profile database and has chosen to take action after receiving a list of compromised accounts from an anonymous source. "This may be the result of malware installed on a computer you've used to sign in to Slack or your credentials being reused from a previous breach of a third party, such as those listed on sites like," reads a draft statement the company plans to send. The only affected accounts are those created before 2015 that have never changed their password. -- ZDNET

9. Michelle Obama to speak at this year's Elevate Tech Festival in Toronto held from September 20 to 26. Elevate is among Canada's largest tech conferences and expects to host 10,000 attendees and 300 speakers this year. Notable confirmed speakers from the tech world include the CEO of Vimeo, the chief innovation evangelist of Salesforce, the founder and CEO of Hootsuite, and the managing director for Facebook and Instagram Canada. -- DAILY HIVE

10. Toys R Us has partnered with retail tech startup b8ta to provide the toy store chain with a modern look. B8ta, which has also worked with Google and Macy’s, plans to reveal the fruits of a 10-month project it has been developing with Tru Kids Brands – owner of the Toys R Us brand. The startup specializes in offering brands an experiential-driven store that syncs with technological solutions, including software for checkout, inventory, point of sale, inventory management, staff scheduling services and more. -- TECH CRUNCH

This newsletter is written and curated by Justin Calderón. Justin is based out of Barcelona, Spain, and has covered technology and SaaS news for a variety of publications, including the BBC and Newsweek. Follow him on Twitter at @justinfuyun

Editor: Kim Lyons (Pittsburgh-based journalist and managing editor at Inside).

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