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PayEngine Picks Up $1.6M for SaaS Payments

socalTECH

in a seed funding, the company said this morning. The funding came from Mucker Capital, BAM Ventures, I2BF Global Ventures, HIVE Ventures and other strategic investors, according to the company. Spartak Buniatyan is founder and CEO of PayEngine. Spartak Buniatyan is founder and CEO of PayEngine.

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Pipe Picks Up $6M For SaaS Financing

socalTECH

A new, Los Angeles-based fintech startup, Pipe , said this morning that it has raised $6M in its seed funding round, to launch a new platform which offers up financing to subscription-based, software-as-a-service companies. Pipe is led by Harry Hurst, Josh Mangel, and Zain Allarakhia.

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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

Should SaaS companies trade at a 24x Enterprise Value (EV) to Next Twelve Month (NTM) Revenue multiple as they did in November 2021? Across more than 10 years we have kept the size of our Seed investments between $2–3.5 Of these companies that become well financed we only need 15–25% of THOSE to pan out to return 2–3x the fund.

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Reflections On 2019: Peter Cowen, Sutton Capital Partners

socalTECH

While it was a good year for our merger and acquisition practice in the SaaS and fintech space, our most exciting news is in our merchant banking sector where we invest in and advise growth companies often for several years. One of our SaaS companies made great strides with a new product.

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Reflections On 2017: Peter Cowen, Sutton Capital Partners

socalTECH

Sutton Capital Partners is a technology investment banking firm and we are, investors in local SaaS/subscription companies and is well known as the host of the annual Recurring Revenue Conference. One area with headwinds are non-mission critical SaaS niche solutions showing slower growth.

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Drata Takes $25M For Security, Compliance Software

socalTECH

The company said it previously raised a seed funding round six months ago. Drata said its current customers include Clearco, SmartRecruiters, The Good Face Project, 360 Insights, and Trust & Will. The company said its founders previously started a company called Portfolium, which was acquired by Instructure in 2019.

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The Changing Venture Landscape

Both Sides of the Table

And as a result of this there are now very robust secondary markets where founders and seed-funds alike are selling down their ownership long before an ultimate exit. It’s just now that we’re Seed Investors. We can’t wait for customers to use the product for 12–18 months and do customer interviews or look at purchase cohorts.