The Day in SaaS 03.01.22: Another Expense Management Unicorn; SMBs are Fickle for Zoom; WeWork Stays in Russia.
Payhawk becomes a unicorn as it extends its Series B. The expense management space continues to heat up with yet another unicorn joining Brex, Ramp, TripActions, Pleo and more!
Zoom provides disappointing revenue forecast for first quarter and full year. Zoom’s enterprise business continues to be on fire. But its paying SMBs have shrunk, as many return to the Free plan as they no longer are on Zoom as much post-pandemic. More on how they built out their enterprise strategy here:
WeWork won’t exit Russia, where biz does ‘incredibly well,’ CEO says. Many with big business in Russia are staying the course. For now.
monday.com Stock: Falls From Grace, Worth Following Closely (NASDAQ:MNDY). One of the fastest growing SaaS companies of all time is still hit hard in the public markets. It’s not easy being public these days.
Swoogo Raises $20 Million for Event Management Software. Digital events remain hot. Or at least, they have until recently.
LinkedIn acquires Israeli web analytics startup Oribi for $80M-90M to expand its marketing technology. LinkedIn’s growth slowed at first under Microsoft. But in the past few years, it’s been on a tear.
San Francisco no longer least affordable city after new survey. San Diego has passed SF!
Google’s Seattle waterfront campus sells for record price in sign of confidence in tech office market. Startups may be slow to return to the office, but Big Tech companies are leasing everything up. Even SF is on a record tear for tech office leasing. If not occupancy. More here:
HubSpot plans major TV ad campaign after year of growth - The Boston Globe. HubSpot’s stock price has help up and its growth just keeps accelerating. Truly an amazing SMB winner. More here.
Shopify Is Taking Its Delivery Services From Test Mode to All-Out Growth Mode. Shopify’s strategy to take on Amazon is still evolving. The next 5 years will be fascinating.
And see you at the FREE SaaStrBuild.com on March 16. Grab tix here!!