enterprise software
Bessemer closes latest global VC fund on $3.85b
US-based Bessemer Venture Partners, which is currently expanding a longstanding presence in India, has closed its latest global VC fund with USD 3.85m in commitments.
Global Brain leads $30m Series A for Japan's Josys
Global Brain has led a JPY 4.4bn (USD 30.5m) Series A round for Japanese business automation and IT services platform Josys with plans for an international expansion.
Deal focus: Turning data into operational efficiencies
Chinese data mining start-up Prothentic has managed to turn first-time business into repeat subscription business, which led to valuation increase between funding rounds even as the wider market stagnates
Australia branding platform Outfit acquired by US strategic
Australia’s Outfit, a VC-backed brand management business, has been acquired by Smartsheet, a New York-listed enterprise workflow management platform for an undisclosed sum.
Potentia, HarbourVest move for Australia's Nitro Software
Australia-listed productivity software provider Nitro Software has rejected a AUD 386m (USD 263m) buyout offer from Potentia Capital and HarbourVest Partners.
Korea start-up equity management platform raises $11m
QuotaBook, a South Korea-based equity management platform that helps start-ups organise their cap tables, has received USD 11m in the second tranche of a Series A round.
Thoma Bravo bids $740m for Australia's Nearmap
Thoma Bravo, which claims to be the largest private equity investor in software globally, has launched a AUD 1.05bn (USD 740m) take-private bid for Nearmap, a listed Australian provider of aerial imagery technology and location data.
India’s CleverTap raises $105m Series D
India and US-based customer engagement platform CleverTap has raised a USD 105m Series D round led by Caisse de depot et placement du Quebec (CDPQ).
Potentia agrees $623m exit from Australia's Micromine
Australia’s Potentia Capital has agreed to exit its position in local mining software provider Micromine to UK-based industrial software player AspenTech in a deal worth AUD 900m (USD 623m).
Q&A: Monad Ventures’ Norah Tian
Monad Ventures is unusual in China’s VC landscape as a dedicated software investor. Norah Tian, the firm’s founding partner, discusses valuations, deal sourcing, and gender
ANZ withdraws from MYOB acquisition talks
Australia and New Zealand Banking Group (ANZ) has ended its pursuit of KKR-owned Australian accounting software provider MYOB just days after confirming talks over a potential acquisition.
KKR explores sale of Australia's MYOB to ANZ
Australia and New Zealand Banking Group (ANZ) has confirmed it is in negotiations with KKR over the potential acquisition of Australia-based accounting software provider MYOB.
Navis backs Singapore expansion for family office software provider
Navis Capital Partners has led a USD 38m Series C round for Eton Solutions, a US software provider for family offices currently establishing a Singapore office.
Accel-KKR targets Australia-listed SaaS player Damstra
Damstra Technology, a listed Australian software-as-a-service (SaaS) provider specialising in worker safety and risk management, has received an unsolicited buyout proposal from Accel-KKR.
India's LeadSquared raises $153m Series C
Indian customer relationship management software-as-a-service (SaaS) provider LeadSquared has raised a USD 153m Series C round led by WestBridge Capital at a post-money valuation of USD 1bn.
Deal focus: Software Combined sees sense in aggregation
Backed by majority owner Navis Capital Partners, Australia-based Software Combined wants to reach up to USD 35m of EBITDA within three years through acquisitions of smaller B2B players
Fund focus: LPs endorse Potentia’s software thesis
Potentia Capital took just four months to close its second fund on USD 438m, emphasizing the growing appeal of B2B technology opportunities in Australia and New Zealand
Australia's Infomedia entertains three buyout offers
Australia-listed automotive software supplier Infomedia has received its third buyout offer in the past two months, with PE-backed counterpart Solera proposing to acquire the business at a valuation of AUD 638.8m (USD 445m).
Infrastructure funds move towards software - Infralogic Forum
Software providers are set to become targets for infrastructure investors, provided companies can demonstrate sufficient customer stickiness to underpin consistent revenue streams, the Australia Infralogic Investors Forum heard.
Monad targets up to $150m for second China software fund
Monad Ventures, a China-based VC firm specialising in early-stage enterprise software investments, is looking to raise up to USD 150m for its second US dollar-denominated fund.
India's Gupshup acquires VC-backed OneDirect
India-based B2C messaging services provider Gupshup has acquired OneDirect, a local customer service platform that previously received several rounds of funding from Sequoia Capital India.
Battery Ventures bids $471m for Australia SaaS player Infomedia
Battery Ventures is offering to buy Infomedia, a listed Australia software-as-a-service (SaaS) platform for the automotive industry, at a valuation of AUD 658m (USD 471m).
Baring Asia makes Series A software investment
Baring Private Equity Asia (BPEA) has committed USD 10m in Series A funding for a significant minority stake in CBX Software, a Hong Kong-founded product lifecycle management platform provider.
Deal focus: Sensors Data finds meaning in compromise
Requests for customised rather than standardised products challenged Sensors Data’s notion of what software-as-a-service should be. The company overcame its anxiety and continues the growth journey.