PE Fund Investments
SaaS Labs raises $42-M from Sequoia India, others; buys European cos CallPage, Atolia
Gurugram-based SaaS Labs, which builds business automation tools for sales and support teams worldwide, has raised USD 42 million (about INR 312 crore) in a funding round led by Sequoia Capital India. The Series B funding round also saw participation from existing investors Base 10 Partners and Eight Roads Ventures. Other investors in the round include angel investors such as Amit Agarwal, Allison Pickens, Anand Chandrasekaran, and Michael Stoppelman. The company plans to use the funds on R&D, to develop new products for its global users, as well as to scale newly-launched products. SaaS Labs has also entered the European market by acquiring Krakow, Poland-based CallPage, a call-back automation tool, and Strasbourg, France-based Atolia, which provides productivity, communication and collaboration workspace tools. It expects the acquisitions to enable it to unlock product synergies through integration while the two companies benefit from the exposure to SaaS Labs' global customer base.
From the Venture Intelligence PE-VC Deal Database: In Oct-21, SaaS Labs raised $17-M from Base10 Partners, and Eight Roads Ventures.
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