Inside SaaS - September 12th, 2019

Inside SaaS (Sep 12th, 2019)

Akeneo raises $46 million / A​BN AMRO's SaaS application for housing corporations / Work Life Ventures raises $5M

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1. Akeneo says it has raised about $46 million, in its Series C round for its product information management SaaS which serves brands like Sephora, Fossil and Staples CA. Summit Partners led the funding with participation from existing investors such as Salesforce Ventures. With the money, Akeneo will invest in sales and marketing, research and development, and hiring over 100 staff members in its global offices. News of this latest funding round comes after the firm purchased AI startup Sigmento and announced a strategic premier technology partnership with Magento. - VENTURE BEAT


2. Dutch banking group ​A​BN AMRO announced it is launching Wooncontractgemak, a SaaS application for housing corporations. It will be using the technology of online fintech platform Ockto to automate housing applications, thus simplifying collecting data and documents related social benefits, income, address history, and more. The news comes after the banking group also announced it was partnering with technology company Ecochain, which offers sustainable environmental intelligence software to businesses. - IBS INTELLIGENCE


3. After just two weeks of fundraising, Work Life Ventures' founder Brianne Kimmel raised $5 million for her debut venture capital fund, which invests in tools and services for work. Kimmel says she raised the money through her personal network, and now plans to raise $25 million within one year. About 40 percent of the new fund’s deals will come from SaaS school, which Kimmel will use to deploy capital over 30 investments in 24 months. - CRUNCHBASE NEWS


4. The Australian Department of Health says it is looking for a provider to help it build a digital agenda board SaaS solution. The departments say the service should help it reduce the manual workload involved in the creation, clearance, distribution, and coordination of meeting papers. Officials expressed a strong preference for a solution that stores all data locally within Australia. The contract would last for three-and-a-half years, with the possibility of extension. - ZDNET


5. Pento, a Danish startup that offers a SaaS companies can use to automate their payroll, has raised $2.8 million in seed funding. Point Nine Capital and Seedcamp led the round, with help from smaller funds and angel investors. Pento previously raised $700,000 Preseed Ventures and Futuristic.vc, and is currently expanding to the UK. - TECH CRUNCH


6. Two brothers explain how they manage to turn Dutchie, a startup that's currently seeing $140 million in gross merchandise volume, is used in 18 states, and has raised $18 million, into a success. Dutchie is a software that helps cannabis dispensaries create and maintain their websites, as well as track orders. - TECHCRUNCH


7. ExoClick has released ExoClick SaaS Technology, a new service that helps publishers set up their own RTB platform and enables them to manage all their inventory from one place. ExoClick’s founder and CEO Benjamin Fonzé explain they wanted to give the publishers the opportunity run their own RTB platform independently of ExoClick’s ad network. "By offering our server side header bidding technology as Software as a Service we are giving publishers the freedom to develop and grow their own partnerships, control their traffic inventory and build up their individual programmatic connections to drive forward their RTB business," he said. - MARTECHSERIES


Written and curated by Inside Dev and Inside Deals Editor Sheena Vasani, a freelance journalist based in California. Proficient in Javascript and Ruby. Got my start at Dev Bootcamp and Thinkful.

Editor by Bobby Cherry, a senior editor at Inside.com who also curates Inside Pittsburgh.


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