The Day in SaaS 11.17.21: Toast is Doubling, Proptech is Exploding, Braze is the Lastest Epic SaaS IPO
Profitable proptech Place raises $100M at a $1B valuation as Goldman Sachs leads its first round of funding. Proptech is one of the quieter ‘hot’ space in SaaS. Place is SaaS for real estate agents, and in its first raise, is now a unicorn at a $150m run-rate.
AllTrails Raises $150 Million Investment Led by Permira. The outdoors got a big boost from Covid.
Toast: Restaurant SaaS Platform, With Strong Growth, But There's More Here (NYSE:TOST). Toast remains on pace to grow 100%. The margins are low, but the brand and revenue are strong.
Customer Engagement Platform Braze’s IPO Raises $520 million. The latest marketing IPO closes strong at a $6B valuation.
Fintech startup Clear aims to propel SaaS business after $75M Series C fundraise. SMB SaaS is strong in India. And tax is a big problem to solve.
No-code customer journey company EasySend gets $55.5M. No code is coming more and more to automating complex processes for older industries like banks.
HashiCorp (HCP) Begins U.S. IPO Rollout. Likely one of the hottest IPOs of a hot year.
LA’s Staples Center will be renamed ‘Crypto.com Arena’. So, so much money in Crypto.
Latest video of the day: Founder Confidential with the CEOs of Expensify (just IPO’d), LaunchDarkly ($2B) and Coda ($1B+):