SaaS Labs, a Palo Alto, California, and Noida-based cloud-based platform that builds productivity and business process automation software for enterprises, raised $42 million in Series B and acquires CallPage and Atolia.
The round was led by Sequoia Capital India, with participation from existing investors Base 10 Partners and Eight Roads Ventures,
entrepreneurs Anand Chandrasekaran, Allison Pickens, Michael Stoppelman, and Amit Agarwal also participated in the round.
The new funding follows California and Noida-headquartered startup’s $18 million Series A raise in October less than three months after closing its previous funding, and acquired two startups as it looks to aggressively grow its automation platform that serves sales and support teams at small and medium-sized businesses.
Company: SaaS Labs US, Inc.
Round: Series B
Funding Month: January 2022
Lead Investors: Sequoia Capital India
Additional Investors: Base 10 Partners, Eight Roads Ventures, Anand Chandrasekaran, Allison Pickens, Michael Stoppelman, and Amit Agarwal
Company Website: https://www.saaslabs.co/
Software Category: Productivity and business automation software
About the Company: Founded in 2016, SaaS Labs develops products for sales, support, and marketing teams as well as contact centers to enhance productivity. It has native integrations with over 70 other business tools. Its other product, Helpwise allows users to consolidate all communication streams in a single shared inbox, improving the quality and efficiency of customer support teams. SaaS Labs counts companies such as Divvy Homes, Ernst & Young, and Walmart among its list of clients. SaaS Labs is a customer-centric fast-growing 100% remote product company with 6,000+ customers in over 40+ countries. Saas Labs ranked among the top 10 fastest-growing technology companies in India and the top 100 in APAC for the last two years by Deloitte. SaaS Labs is highly profitable and well-funded by some of the well-known VCs from both India & the US. The startup has amassed more than 6,000 customers globally. It typically sees a small business join the platform by paying as little as $25 a month and over time happily move to pay tens of thousands of dollars annually as their businesses grow. Over 70% of these customers are based in the U.S. today, and 10% in the U.K. Some of its customers include Grab, GoStudent, and HelloFresh.