Weekly Roundup - Week 19, 2024

May 13, 2024

06/05/2024 to 12/05/2024

This is a weekly feature that recaps the week's funding rounds for B2B SaaS companies. 

Last week, 13 companies raised more than $100 million combined, and there were some larger fund raises, including a $1 billion round. Read to find out more in detail.

Datarize, $11 Million, Series B

Datarize, a leading provider of data-driven CRM marketing solutions in South Korea, just wrapped up a successful Series B funding round, securing $11 million. Atinum Partners led the round, with participation from Stonebridge Ventures and Mirae Asset Ventures.


Jeeves, $75 Million, Debt Financing

Jeeves, a B2B payments and corporate card platform for businesses in Latin America, announced it had closed a $75 million credit facility with Community Investment Management (CIM), which is a prominent global impact-focused investment manager actively investing in Latin America.


FrontRace, $2 Million, Seed

FrontRace is a SAAS company that offers software for monitoring employee performance and productivity. FrontRace has raised a total of $2 million in funding over 1 round. This was a Seed round raised on May 9, 2024. 


DoorSpace, $2 Million, Seed

B2B healthcare technology firm DoorSpace has secured $2 million in its latest seed funding round. The funding will be allocated by DoorSpace to a range of initiatives targeted at solidifying and expanding the firm's position in the market.


Archive Intel, $1 Million, Seed

Archive Intel, an Atlanta, GA-based provider of communications archiving and compliance solutions driven by AI, raised $1 million in Seed funding. The round was led by Social Leverage.


Cart Igniter, $100K, Pre-Seed

Cart Igniter is a company that provides an eCommerce platform for businesses, featuring simple to use tools to manage their B2B sales. Cart Igniter has raised a total of $100K in funding over 1 round. This was a Pre-Seed round raised on May 8, 2024.


Knit, $1 Million, Seed

Knit, a unified API platform for SaaS businesses, has raised $1 million in a seed funding round led by Endiya Partners, along with participation from Axilor Ventures and angel investors. Knit is located in Bengaluru, Karnataka, India.


Channel99, $4.2 Million, Seed

Channel99 is a B2B performance marketing platform that unites marketing and finance teams to more effectively improve the value of marketing investment. They raised $4.2 million in their latest Seed round on May 8, 2024. 


Evo Security, $5.4 Million, Venture

Evo Security is a cybersecurity SaaS company that offers a multi-factor authentication solution. Evo Security has raised a total of $15.7 million in funding over 4 rounds. Their latest funding was raised on May 10, 2024 from a Venture - Series Unknown round.


Apiday, Series Unknown

Apiday enables businesses to easily gather all ESG data in one location and automate ESG reporting and certification processes. Apiday has raised a total of €4.5 million in funding over 3 rounds. Their latest funding was raised on May 8, 2024, from a Venture - Series Unknown round.


Wiz, $1 Billion, Series E

Wiz is a cybersecurity company that allows companies to find security issues in public cloud infrastructure. Wiz has raised $1 billion at a $12 billion valuation, led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital


Atlan, $105 Million, Series C

Emerging as a fast-growing force in data and AI governance, Atlan today announced a $105 million Series C funding round, led by GIC, Singapore’s sovereign wealth fund, along with co-investor Meritech Capital, early backers of disruptors like Snowflake and Datadog.


From Knit, a Bangalore-based startup getting $1 million, to Wiz, a cybersecurity company raising $1 billion, here’s a roundup of the week. Stay tuned to see what’s in store for our next week’s roundup.


Written By - Ananya Jha, Program Manager - SaaS Insider