TickSmith Nets $20M for Its B2B Data Web Store Platform

TickSmith has announced a $20 million Series A funding round, a press release says, which will go toward more marketing for their data-selling platform.

TickSmith is a B2B SaaS platform allowing for an eCommerce data shopping experience, giving tools to manage, prepare, package and monetize data.

The new funding will go toward expanding sales and marketing. It will also work to commercialize the data web store for new industries.

Francis Wenzel, CEO of TickSmith, says, “Data monetization is no longer limited to large enterprises! Selling data should be as simple as selling products in an eCommerce store, and data sellers of all sizes can now benefit from the same tools that power the largest, most robust data marketplaces in the world.”

The round was led by Investissement Québec and followed by Fonds de solidarité FTQ, CME Ventures, Databricks Ventures, with additional funding from existing investors Anges Québec, Anges Québec Capital and Illuminate Financial Management.

In other SaaS-funding news, Arc has recently announced a funding round for $161 million.

Read more: SaaS Funder Arc Launches With $161M

Arc is working with Stripe to build a new FinTech solution, letting software founders borrow, save and spend on a digital platform.

The first product is Arc Advance and will let SaaS founders convert future revenue into upfront capital without dilution.

Arc says that there is a big base of cloud services, but that innovation in SaaS companies has outpaced their funding, according to the report.

“We’re on a mission to help startups grow,” Arc co-founder and CEO Don Muir said in the announcement. “Arc provides SaaS startups with the funding alternative they deserve, empowering founders to scale without selling an ownership stake in their business or risking insolvency with legacy credit products. Arc was purpose-built for software founders.”

He said the company plans to roll out a suite of financial tools to help SaaS companies out.