SaaStock’s Post

SaaS News 🔥 : Mews, a cloud-based hotel property management system, has raised an additional $110 million in funding. This funding round has propelled Mews to unicorn status, with a valuation exceeding $1.2 billion. Big congrats team Mews, Richard Valtr Matthijs Welle ! 👏 👏 👉 Check more below the comment! 🌐 Follow spotSaaS for the latest buzz in #saasproduct and #saasgrowth 😎 💜 #saas #technews #fundraising #funding #fundingnews #saascompany #software #softwaredevelopment #spotsaas

SaaS Founders Meeting Investors: Straight Talk For Getting Ready <<<LIVE event 🎙 🤓 💰>>> Join us for a practical Q&A session for SaaS founders seeking funding. In this exclusive event I'll interview, we'll provide a straight talk on how to prepare for impactful conversations with investors. 💰🗣️ LinkedIn loves fooling around with live video events 😅 So we created a Zoom event as plan B. 👉 Register via Zoom to access our live call (even asking your questions Mike or me) and the event recordings. The link is in the comments section 👇 See you there! 💪 🤓 💰 #SaaS #Fundraising #SaaSfunding #SaaSpitch

Daily News 💥 : Pieterjan Bouten, co-founder of SaaS company Showpad, announced the official launch of Entourage, a Venture Studio and early-stage VC raising over $30 million combined. 🚀 Entourage aims to support the next generation of European SaaS founders. Big congrats Pieterjan Bouten, Maarten Mortier, Evert Beeckman! 🎉 👏 👉 Check more below the comment! 🌐 Follow spotSaaS for the latest buzz in #saasproduct and #saasgrowth 😎 💜 #saas #saascompany #saasfounders #saasstartup  #fundraising #funding #fundingnews  #software #softwaredevelopment #spotsaas

Today I had the opportunity to attend the “Ski with a VC” event put on by Jeff Erickson. Going into this event I was a little nervous for a variety of reasons: - We have been in business for less than 90 days - We have no idea if we even want to raise funds right now - We have not even had the time to prepare a fundraising pitch deck - We still don’t feel confident in our ability to communicate our offering in a concise and easy to understand manner. I was wildly impressed and appreciative of how welcoming and inclusive the attendees and the event organizers were. I appreciate everyone who took the time to show authentic interest and curiosity in Stack Integrated. It was a very supportive and constructive environment. Even as I bumbled and stuttered through our value proposition. A few companies to look out for: Cake Equity - Cap table management if you don’t want your investors to be contacted without your permission or knowledge. They hate spreadsheets as much as we do. Plus the founder has a cool accent. Parlay - Improve cash flow using the customer you already have. Pete Larkin 💭 will act fast to show you what the options are here. Forecastr - Of course I have to plug the financial modeling and forecasting company. We say this all the time but if you don’t have predictive models, your KPIs don’t tell you if you won or not. Thanks to everyone for the great runs. ⛷️ #saas #startup #vc #fundraising

🏆 🏆We've won! Bite wins two awards from Global Business and Finance Magazine for Bite Stream! Thank you the judging panel for the recognition and congratulations to all winners for their contributions to the field of business and finance. 🔗 View the full announcement in the comment section. #SaaS #softwaresolution #privatemarkets #fundraising #investormanagement

Exciting times ahead indeed!! And we are just getting started🚀🚀 Grateful to be part of such an extraordinary company, at an extraordinary point in time, with extraordinary people❤️ If you wanna join in on this sky rocketing adventure, make sure to hit up my colleague Josefine Hedström for more information 🌟 #growth #fundraising #seriesa #softwareassetmanagement #saasindustry #businessgrowth

Most SaaS businesses who want to expand internationally will raise money first, before setting foot on the ground. At Luzmo, we did the opposite by starting our US entity in 2019, before raising our seed round. And here’s why I’d do it the same way again: 💵 With limited means, we were able to prove first traction in the US market, which gained immense trust with investors. 🚤 By testing out the waters upfront, you increase your chances of success. Once you’ve raised capital, you can rely on tried-and-tested playbooks and grow even faster. 💪 Our first wins were the hardest to get, but the most rewarding. It boosted confidence in our expansion plans, without pressure or expectations from investors. Curious to hear your take on expansion: what has (not) worked well for you? P.S. Picture below is from one of our first business trips to NYC (long before our rebranding). Time surely flies fast! 😉 #saasgrowth #goingglobal #fundraising

The Cloud - Food Ecosystem, a #Hub71 food tech startup, has announced the successful first close of its $12 million Series B funding round out of a total $30 million it is raising. The Cloud will use the secured funds towards redefining the virtual dining landscape in the UAE, GCC region, and Europe. Focused on asserting its leadership in the sector, the company aims to expand by 200 locations in the UK. Read the full story here: https://lnkd.in/d_27-4N6 #StartupSuccess #Fundraising #TechStartup George Karam

Are you #fundraising or have you ever tried? Wandelbots did it four times and went through that enormous feat. What did we learn? First of all, the disclaimer: our CEO Christian Piechnick was always in the driver's seat. Before you leave the startup character behind, the ability to successfully fundraise is one of the most appreciated traits of your CEO. The remaining #founders, and the company as a whole, have to back up the process. Choose a competent but not too large group to balance speed and decision making. What I recall are several phases that a fundraising round undergoes: 1️⃣ Finding the right point in time. Usually, you fundraise when you need to, which might be at least half a year before cash zero. However, sometimes you must adhere to the market sentiment. Can you predict how your company will perform, is an earlier point in time better, or is the market already crashing? 2️⃣ Finding funds. Intros work best, cold outreach is hard. We were lucky to have built a network already in our PhD time (special thanks to Frank Fitzek). In subsequent rounds, your shareholding funds are incentivized to find follow-ups, so you can leverage their network. 3️⃣ Pitching. Much has been said about it. We mostly connected a pitch with a live demo. Yes, we took the risk of failing and often something went wrong. However, the immersion of the audience was much better and authentic, which gives you a lot of credit. I recommend not faking demos, even if all takes place in a video call. 4️⃣ Negotiation. If you receive multiple offers, you are in the great situation to choose. It’s not only about the terms but also about how well you feel your connection with the people because you have to work with them for a very long period of time. Choose the term sheet not only by the paragraphs. After you signed a term sheet, there’s a period where you are obligated to exclusive talks with your chosen fund. Due diligence might take some time, either people are coming by to look into the details or they are checking your contracts. We always pushed hard to close that phase as soon as possible to not cool down the excitement. 5️⃣ The closing. In Germany, that means sitting with the notary. It takes hours and hours for her/him to read out the three-digit number of pages. You might check all contracts with a lawyer beforehand but you will hardly find one who will speed up the process. I recommend reading 📘 “Venture Deals” by Feld and Mendelson to foster your own competence on what’s going on. After the closing, take a breath 🥂 Celebrate what has been achieved, optimally with your fund partners but most importantly with your employees. Some of them might have been involved and need new energy, others might need explanations. That’s our experience with fundraising. What’s yours? What was counterintuitive? Leave a comment 🙂

Fundraise a glass for Ignition Why are Product Marketers well positioned to enter in a funding round? Let Derek Osgood educate you. New episode of the Product Marketing AI show out now. #ProductMarketing #ProductMarketingAI #GTM #Fundraising