If you think funding for SaaS companies is drying up, then you should take a look at our regularly-updated SaaS companies that got the funding post. And the past week is no different. Startups operating in the space have got significant investments. A lot more happened in the past few days, which is what we’ll talk about today.

News of the week

Twilio shares off 13%: We had a terrific Q3, I’m more excited than ever,’ says CFO

Twilio, a leading cloud communications company, has surpassed analysts’ expectations with its Q3 numbers. Its revenue grew by  65 percent to $740.2million (vs its own expectation between $670- to $680million and analysts’ expectation of $681million). What’s even more impressive is its Net Expansion Rate of 131 percent.

Software services firm Zendesk to buy SurveyMonkey parent for nearly $4 bln

Popular helpdesk software Zendesk has announced the acquisition of SurveyMonkey, a renowned name in the survey software category. The all-stock deal has been pegged at nearly $4billion. It’s the biggest acquisition by Zendesk and is expected to close in the first half of 2022.

SaaS companies that got the funding this week

SoftBank leads $312million Series D round for Chinese smart retail SaaS provider Huice

Chinese SaaS company Huice providing smart retail solutions has raised $312million in Series D funding. Led by SoftBank Vision Fund 2, the company aims to expand its technology and service team with the investment.

ClickUp raises $400million at a $4billion valuation to expand its all-in-one workplace productivity platform to Europe

ClickUp, an all-in-one platform for project management, document collaboration, and more, has raised a single-biggest Series C funding in the form of a $400million investment. Co-led by A16z and Tiger Global, the San Diego-based company is now valued at $4billion.

‘AWS for blockchain’ Alchemy boosts valuation to $3.5billion with $250million raise

It was just April when Alchemy – which defines itself as AWS for blockchain – had raised $80million. Now it has nabbed $250million Series C funding which values it at $3.5billion.

Yugabyte stores up $188million more for its open-source distributed SQL database model, now valued at $1.3billion+

Open-source distributed SQL provider Yugabyte has nabbed $188million in funding, making it a unicorn with a $1.3billion valuation. The Series C round was led by Sapphire Ventures.

SoftBank bets big on Pipefy, which just raised $75million for its ‘low-code’ workflow management tool

Low-code workflow management startup Pipefy has received $75million as part of a Series C investment. The amount will help it for global expansion and hire people for developing the product and its GTM strategy.

Fellow raises $24million; wants you to enjoy going to meetings again

Fellow, a meeting management software, has got $24million in Series A funding. Led by Craft Ventures, the fund infusion will be used towards product development, building infrastructure, and hiring across various domains.

Related read: Interview with Aydin Mirzaee, CEO and Co-founder at Fellow.app

Must reads

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The SaaS org chart by Series with David Sacks, Co-founder and General Partner at Craft Ventures

Hiring is one of the most important things for a company. In this video, Craft Ventures’ David Sacks takes one through about what roles one should hire for depending upon the phase (read funding cycle) of the company.