B2B Payments

B2B VCs Build National Reputations

While there were a few high-profile acquisitions, the B2B space saw a modest week in terms of venture capital once again. But the investments that occurred were not unremarkable. VCs across three nations focused on startups often representative of their country’s forte. For the more than $10 million raised this week, investors helped secure national reputations for their local B2B industries. PYMNTS breaks down what was invested, and where.

[bctt tweet=”VCs across 3 nations focused on startups often representative of their country’s forte”]

SaaS In The U.S.

The U.S. is one of the world’s technological powerhouses, and one of the ringleaders of this space, Microsoft, says we’re in the time of enterprise software. So it’s appropriate that the two B2B investments in the States this week landed in the SaaS market.

The week kicked off in the U.S. as account-based marketing Software-as-a-Service provider Terminus announced a $1.8 million seed funding round Monday (Oct. 19). Hyde Park Venture Partners, Knoll Ventures, Arthur Ventures and Atlanta Ventures participated in the funding, reports said. Terminus launched its solution just eight months ago, the firm said, adding that it will use the money to strengthen its B2B marketing platform and expand its workforce.

On Thursday, venture capitalists in the U.S. struck again, also for B2B SaaS services. RevBoss secured $1.1 million from several backers; the seed investment was led by Sovereign’s Capital, reports said. Based in both the U.S. and Indonesia, RevBoss provides sales prospecting automation tools to streamline sales teams’ research and content creation efforts, allowing them to spend more time on customer relationships. The startup said it will use the funds to enhance its platform and expand its team.

B2B Logistics In India

According to analysis from YS Research, venture capitalists have placed nearly $38 million in the on-demand logistics delivery industry in India. Every week, it seems, another few million is placed in startups looking to make sense of the nation’s chaotic logistics and delivery market. This week, the segment saw $7 million more.

Reports in Your Story on Tuesday (Oct. 20) said hyperlocal B2B delivery startup Opinio secured Series A funding from fellow logistics firm Delhivery, along with Sands Capital and Accel Partners. Reports said Opinio will look to expand across India with the $7 million it raised.

While the startup has only been in operation for a few months, Opinio said it enjoys a 30 percent week-on-week growth rate at present by providing delivery services to other small businesses like Laundromats and restaurants.

In a statement, Opinio CTO and co-founder Lokesh Jangid said that India’s hyperlocal delivery market is a challenge, but can be improved through high-tech tools for payments, business behavior and other areas.

Accel Partners and Tracxn Labs had participated in the company’s seed funding round earlier this year, which led to $1.3 million worth of investment in the company.

Aussie Alternative Lending

Australia’s alternative lending space has seen impressive growth in the last year, just by the number of domestic players appearing in the market ready to compete with foreign entrants. Timelio is one of them, and venture capitalists have raised $500,000 for the platform’s P2P invoice financing services, reports said Thursday (Oct. 22).

Timelio operates on a bidding model, in which investors bid to purchase outstanding invoices to provide AR financing solutions for small businesses in need of some cash flow management help.

Reports in Business Insider did not indicate who led the seed funding round, but they did specify that Spotjobs.com CEO and StartupAUS director Glenn Smith has now joined the company’s board. Timelio said that since its April launch this year, it has facilitated the purchase of 100 invoices, totaling $3.5 million in financing to businesses.

While it wasn’t the most hectic time in B2B venture capital, the week did showcase the national strengthening of enterprise startups in the industry today.


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