Inside SaaS - August 30th, 2019 |

Inside SaaS (Aug 30th, 2019)

SaaS subscription tech / Nanny platform / Fitbit launching health data tracking subscription

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1. SaaS subscription management platform Chargebee has raised $14 million in a Series D round. The San Francisco-based startup led by CEO Krish Subramanian provides subscription management and recurring billing technology to support companies transitioning to a SaaS-based revenue model. While the SaaS model has taken off, only 32 percent of online bills are made on a recurring basis -- a market gap that Chargebee hopes to fill. Subramanian, accordingly, has dubbed his venture as the "essential infrastructure for every SaaS and subscription business." Founded in 2011, Chargebee now counts 1,800 brands in 53 countries among its customers. -- VENTURE BEAT

2. Nanny-finding platform Koru Kids has raised £10 million ($12.7 million) in Series A funding. The London-based startup was founded by Rachel Carrell to match parents with flexible childcare to fill the after-school gap -- a kind of AirBnb for nannies. However, as users describe it, the match-making platform creates an experience more like a dating app. "You sign up, select what you’re looking for, they give you bios to review. It’s a bit like online dating,” said one mother using the platform. Founded in 2016, Koru Kids now has 1,000 Koru Kids nannies available in London every day. -- EVENING STANDARD

3. SaaS price transparency network Capiche (pronounced kuh-peesh) has launched its Glassdoor-like platform. Within eight hours of launching its site on Tuesday, Capiche's founder Austin Smith, the former general manager, said 300 people had already submitted SaaS pricing stories. Enterprise software pricing is notoriously opaque, so following a $450,000 angel round, which closed in June with participation from CEO Jason Calacanis, Smith decided to open up a platform that shines some light on SaaS pricing. "The pricing for most SaaS products that's done over sales calls comes down to, 'How much can we get out of this customer?' It's not just, 'Here's what we charge,'" Smith told Business Insider. -- BUSINESS INSIDER

4. Property rental platform Residently has raised £7 million ($8.52 million) in seed funding. The U.K.-based startup aims to digitize the rental experience with the hope of making apartment renting as seamless as hiring a ride-sharing vehicle. Founded in 2017, Residently will use the fresh funding to build out its rental portfolio in London and New York and grow its engineering and product teams. Founder Tom Allason explains that, to put the renter first, his company needs to "positively disrupt the economic model for property investors and owners." -- BDAILY

5. Fitbit is launching a premium software subscription to offer enhanced health data tracking features. Starting this fall, Fitbit Premium will offer personalized goals, challenges, coaching, and guidance for paid users in 17 countries. It will cost $9.99 per month or $79.99 for a year. The wearable technology company has faced a saturated market for its physical devices and is betting that software subscriptions can revive revenue growth. This latest service follows the company's Fitbit Coach software service that was launched last year for $7.99 per month, or $39.99 per year. -- THE VERGE

6. Salesforce CEO Marc Benioff will discuss "entrepreneurial and charitable spirit" at this year's TechCrunch Disrupt in San FranciscoThe annual event will be held on October 2 to 4 at the Moscone Center and include a discussion between Benioff and Tech Crunch editors, when Benioff is slated to discuss his company's corporate social responsibility efforts. While Benioff has received numerous awards for giving back to the community, he recently came under fire from employees for selling software to the Customs and Border Patrol that was allegedly used to separate families at the border. -- TECH CRUNCH

7. Jewelry merchant profile SaaS Gemeye aims to digitize traditional jewelers in India and the U.S. The New York-registered firm was founded in 2017 with the mission to provide the software needed for jewelers to easily list their inventory across multiple marketplaces, such as Amazon and Flipkart. Based in Kolkata, the startup launched its beta product in 2018, which charges $299 per month for its basic-tier package to manage an online store. -- YOUR STORY

8. Hubspot's Ireland expansion costs have accumulated enough to create an increase in pre-tax losses. While the CRM software company has posted a jump in revenue of 60 percent from €70.56 million to €112 million, this growth was offset by expansion efforts that doubled its pre-tax losses. The major contributor to overhead was the hiring of 148 new employees at the Dublin office last year. The research and development department saw the largest amount of new hires, increasing from 63 to 108 staff. -- IRISH TIMES

9. Mailchimp Studios Head of Brand Mark DiCristina discusses how in-house content will reposition the company. DiCristina is overseeing development at Mailchimp Presents, a new vertical at Mailchimp dedicated to creating web series, films, and podcasts focused on entrepreneurs. He said that inspiration for the pivot into entertainment came after Mailchimp became fed up with sponsoring third-party creative work, deciding that creating in-house content would be more effective. -- AMERICANINNO

10. Atlassian has disclosed a critical vulnerability that has been discovered in its Confluence software. The Sydney-based software firm issued a statement yesterday saying the page export function in its Confluence Server was exposed to remote attackers with page permission, who "would be able to read arbitrary files." All versions of Confluence Server and Confluence Data Center are affected by this vulnerability. -- CRN

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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