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Even entrepreneurs that already sold on SaaS should stake note of new research from the SalientGroup : SaaS gets funded - Nearly 50% of SaaS-based startups are getting successfully funded—a rate of funding success no other sector can match. Overall, according to Gartner, the SaaS market will top $22 billion by 2015.
During the early 2000’s, my team grew the company to one of the largest SaaS businesses of its day, with sales of $70 million. In November of 2015, Citrix announced that it will spin out the “GoTo” Division, of which GoToMeeting remains the flagship product, as a standalone public company. Image: John Greathouse, all rights reserved.
Today, we have the thoughts of Jeb Spencer of TVC Capital (www.tvccapital.com), a software focused growth equity fund which just raised a new fund, and has had some great success in the market. Jeb Spencer: For TVC, closing on our new $115 million software focused growth equity fund at the end of last year made for an exciting 2015.
It seems Los Angeles is becoming an enterprise software hotspot. LA gets a big SaaS exit as Fastly nabs the Culver City-based Signal Sciences for $775M. million from LA’s own venture fund, Upfront Ventures and a clutch of security experts.
Santa Barbara-based Anchore , which is developing security software aimed at the "container" market, has raised $5M in a funding round, the company disclosed this morning. The funding came from local angel Andreas von Blottnitz, along with Doug Carlisle of Menlo Ventures. Anchore is led by Said Ziouani, a veteran of Eucalyptus and Ansible.
Invoca had grown steadily and consistently since 2009 and by 2015SaaS companies with scale had become hot – trading at a median of 7.3x Every VC who’s been the business for a long time realized first hand that the VC markets were changing rapidly as early as Q3 of 2015. forward sales with some as high as 12x sales.
You thought media twitter was bad… You thought tech twitter was bad… — Hunter Walk (@hunterwalk) August 24, 2015. If markets come back quickly then you’ll see a return to normal 2015 funding timeframes (which I can tell you are much quicker than in times past). My favorite Tweet of the morning came from Hunter Walk.
Techstars Disney Accelerator class of 2015 was announced yesterday. Decisive is a Software as a Service (SaaS) platform that uses real time data to enable advertisers to optimize mobile ad creative and targeting based on user engagement. Techstars Disney Accelerator Class of 2015 appeared first on TechZulu.
A healthtech startup founded by two doctors who set out in 2013 to improve the overall management of their respective medical practices is emerging from beta mode Wednesday to offer fellow physicians an office software suite. See below. ]
Past investors also included Y Combinator, where GrubMarket was part of the Winter 2015 cohort), and for some more context, GrubMarket last raised money in April 2019 , $28 million at a $228 million valuation, a source says. ” I don’t doubt that he means it. Its opportunity comes in the form of disruption and a gap in the market.
Los Angeles-based enterprise software developer Chrome River , which develops cloud-based expense management and supplier invoicing software, says it grew its user base by 82 percent, year over year. The company said it had record growth in 2015, and now has over 430 enterprise customers and more than 1 million users.
San Diego-based Black Mountain Systems , a developer of software for credit investors and alternative asset managers, has been acquired by private equity firm Vista Equity Partners. Black Mountain Systems was previously owned by another, private equity investor, Stone Point Capital LLC , which acquired Black Mountain in 2015.
Los Angeles-based finance and accounting automation software developer BlackLine reports this morning that it added 393 new customers in 2015 and now has over 1300 customers around the world. The company said that among the new clients it added during the year were Houghton Mifflin Harcourt, Malaysia Airlines, Roku and Trivago.
million in seed funding to spin out its consulting business, and focus instead on providing its core Web content management technology as a subscription-based software-as-a-service. Zesty.io, a San Diego Web development firm, has raised $1.3
Los Angeles-based Chrome River , which develops expense and invoice management software, said this morning that it had its largest first-quarter sales in the company's history. The company is backed by Great Hill Partners, which invested $100M in the company in 2015. READ MORE>>.
I’m going through this situation now with the first investment that I ever made as a VC in Invoca – (Inbound voice call), a SaaS marketing automation company. See as a board we can already see very clearly how our 2014 & 2015 years pencil out with a fair degree of predictability. And here’s the thing.
Santa Monica-based Arrowroot Capital , an investment firm focused on investing growth equity in growing software-as-a-service and internet-based businesses, has launched an effort to raise $175M in its third fund, Arrowroot Capital III, LP. The firm's second fund closed at the end of 2015, and was worth $50M. READ MORE>>.
Los Angeles-based Pipeliner CRM , the developer of customer relationship management software led by Nikolaus Kimla, has rolled out a new release of its CRM tools, which it says adds new data visualization capabilities. Actual revenue numbers were not detailed. READ MORE>>.
For today's interview, we sat down and talked with Mike Whitmire , the CEO and Co-founder of Los Angeles-based FloQast (www.floqast.com), a developer of financial close management software for enterprise accounting. Mike tells us about the company, who uses its software, as well as how he was initially turned away from the Amplify.LA
Andrew Bermudez , co-founder and CEO of Irvine-based Digsy (www.getdigsy.com) wasn't looking to build software to help commercial real estate brokers close more deals. However, starting in 2015, we found that creating this was really hard. What is Digsy? Andrew Bermudez: Originally, Digsy was an Uber for commercial brokers.
Our interview today is with Andrew Schydlowsky , the CEO and founder of Santa Barbara-based TrackStreet (www.trackstreet.com), a startup which is backed by Okapi Capital, The Cove Fund, Early Light Ventures, SaaS Venture Capital, and Stage Venture Partners. What is TrackStreet? How long have you been doing this, and who is backing you?
More recently in 2015, Kiel helped launch Machine Shop Ventures, a venture capital fund that invests in early-to-growth stage companies with a global scope. Upon the platform of the new Machine Shop, they have brought both their Creative Team and Management in-house to effectively drive innovation. Joe received his B.S.
All types of IT expertise will be needed at SaaS, IaaS, and PaaS providers as well as independent software vendors [ISVs],” he said. An IDC study commissioned on behalf of Microsoft has shown that cloud computing will be responsible for creating nearly 14 million new jobs between 2011 and 2015.
million Series D round in early 2015, re-upped in the latest round, which included all existing investors and some debt, Tealium CEO Jeff Lunsford said last week. Georgian Partners and Bain Capital Ventures, the investment firms that anchored Tealium’s $30.7
A bundle of software services for SMBs to manage their inventory, accounting, manufacturing, and purchasing. Fun Fact: Preventing spreadsheet abuse since 2015 – one company at a time. SaaS for Cloud application lifecycle management. A SaaS Platform to help online stores in Brazil create their own loyalty program.
Ball was also part of Austin Ventures for a decade before the firm shuttered in 2015. Smerklo says the firm will largely focus on Austin startups, making Series A and B investments in tech companies innovating in. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.
There were startups and a software industry but barely. Sure, we built SaaS products before the term even existed but at 31 it was hard to delineate reality from what all of the monied people around us were telling us what we were worth. There was no money train. It was 1991. We still loved every moment. Until we weren’t.
Software terminology is stubbornly not following a similar evolution. It’s high time we kill the term Software As A Service (SaaS) and call it what it is – software. You’re not a SaaS company, you’re a software company. You’re not a SaaS company, you’re a software company.
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