Weekly Roundup - Week 23, 2024
Jun 10, 2024
03/06/2024 - 09/06/2024
This is a weekly feature that recaps the week's funding rounds for B2B SaaS companies.
From Storyblok, a CMS that accelerates content delivery to AI tools like Cube AI, Tektonic AI among many others, last week had some pretty interesting fundraises and we have listed them all. Dive in to learn more.
Qargo, $14 Million, Series A
Qargo provides a cloud-first SaaS platform designed to replace outdated legacy systems and offline spreadsheets. The platform offers end-to-end transport management, from order entry to route planning, load tracking, and invoicing, enabling logistics companies to process orders significantly faster and automate routine tasks. Their lead investors were Balderton Capital.
Inventive, $6.5 Million, Seed
Inventive helps product teams at large companies who struggle with endless custom data requests from customers and cannot serve them well. Its AI-native custom report builder embeds into SaaS products to let customers use natural language to explore, save, and operationalize custom insights from their data. Wing VC are their lead investors.
Greptile, $4 Million, Seed
The company provides an API that developers can integrate with their code repositories to build custom applications based on AI-driven queries. The round was led by Initialized Capital, with participation from various prominent industry angels.
Cube AI, $2.5 Million, Pre-Seed
Cube AI is an AI employee for logistics. Cube AI aims to modernize third-party logistics providers (3PL) by automating the outdated, slow, and complex manual tasks involved in freight movement. The round was led by VentureFriends, an Athens-based investment firm that targets investments in Seed and Series A startups.
Tektonic AI, $10 Million, Seed
Tektonic AI provides GenAI agents for business operations designed to automate complex and dynamic tasks. Tektonic’s GenAI Agents empower sales and revenue teams to complete work and make decisions autonomously. They secured $10 Million in funding. The round was led by Madrona and Point72 Ventures.
Ashby, $30 Million, Series C
Ashby is a recruiting platform that offers solutions designed to streamline the hiring process for businesses, from startups to enterprises. The round was led by Lachy Groom, with participation from key investors like Elad Gil, F-Prime and Y Combinator.
Subble, $1 Million, Pre-Seed
Subble offers a software subscription management platform. Their platform aims to provide business executives with improved visibility and control over their Software as a Service (SaaS) subscriptions. The round was backed by prominent entrepreneurs from Haystack Capital.
Storyblok, $80 Million, Series C
Storyblok is a content management system (CMS) that empowers businesses to become market leaders by accelerating content delivery and innovative digital experiences. Its CMS is designed to cater to the needs of various teams, including developers and marketers. The Series C round was led by Brighton Park Capital.
Carv, $10 Million, Seed
Carv has developed an AI platform designed to streamline recruitment processes by automating administrative tasks traditionally handled by recruiters from drafting job descriptions to recording interview notes and populating ATS systems. They secured $10 million in seed and the round was led by Global Founders Capital (GFC), with participation from several independent angel investors.
re:cap, $14.6 Million, Series A
re:cap specializes in alternative debt financing and software solutions for investors and businesses. The company offers innovative financial products and software solutions designed to connect businesses with investors, facilitating better decision-making and providing enhanced financing options.
They raised $14.6 million in Series A funding, led by Entrée Capital.
Realm, $1.8 Million, Unknown
Realm develops an AI-powered conversational search engine for the workplace, designed to help companies easily find and utilize their internal knowledge. Its customers include Sievo, Remedy, and Virta. They secured $1.8 Million in a Funding unknown round, led by Lifeline Ventures.
Thoughtly, $3 Million, Unknown
Thoughtly is a company focused on revolutionizing the contact center industry. Its platform leverages generative AI technology to deploy AI phone agents for inbound and outbound phone calls. They secured $3 million in a funding unknown round, backed by notable investors like Afore Capital, Greycroft, Expansion, and others.
Bem, $3.7 Million, Seed
Bem is an advanced, easy-to-use platform that functions as a universal communication protocol. Using Bem, engineering teams can facilitate seamless data exchanges between diverse systems, encompassing both human-operated and computer-based operations. They secured $3.7 million in Seed, led by Uncork Capital.
Maven AGI, $20 Million, Series A
Maven AGI specializes in transforming enterprise customer support through its innovative AI platform. Founded in 2023, the company has developed a platform that leverages generative AI to deliver personalized user experiences. They secured $20 million in a Series A round, led by M13 Ventures Management LLC.
Hope you are now upto date on the latest funding rounds in the B2B SaaS space. This week was slower than the others in terms of funding but not limited to Seed as it featured many Series rounds. Stay tuned for next week’s roundup on SaaS Insider.
-
Written by Angelin Bershiya - Marketing Intern
