Funding

• Jobber raised USD 100 million in series D funding led by General Atlantic. The firm plans to use the funding to increase its team count (currently ~600 employees) across sales, marketing, product, customer support, and business operations teams, as well as for new customer acquisition and R&D. (February 07, 2023; Company press release )  

Earnings 

• Thryv achieved a total consolidated revenue of USD 279.4 million (14.3% YoY growth) and USD 1.2 billion (4.6% YoY growth) for Q4 2022 and full-year 2022, respectively. Topline growth was supported by faster growth in its SaaS business, which recorded total revenue of USD 59.3 million (24.9% YoY growth) and USD 216.3 million (26.5% YoY growth) for Q4 2022 and full-year 2022, respectively. Its consolidated adjusted EBITDA was USD 68.2 million (Q4 2022) and USD 333.3 million (2022), respectively. For the full-year 2023E, the firm expects to achieve revenue between USD 257 million and USD 259 million and to turn profitable in its adjusted EBITDA for its SaaS business. (February 23, 2023; Company press release , Earnings Presentation )

• Weave achieved a revenue of USD 37.7 million (18% YoY growth) and USD 142.1 million (23% YoY growth) for Q4 2022 and full-year 2022. The firm also noted an improvement in its gross and operating margins due to cost efficiencies, which resulted in a narrowing of its costs non-GAAP loss from operations to USD 31 million for 2022 (compared to a loss of USD 36 million in 2021). For the full-year 2023E, the firm expects to achieve revenue between USD 156 million and USD 160 million. (February 22, 2023; Company press release )

Partnerships 

• Weave announced an integration with Dolphin Cloud, a dental imaging and practice management platform, to enhance its solutions for dental practices. The new integration includes advanced caller ID, automated reminders, and schedule sync. (February 21, 2023; Company press release )

New Product 

• Capsule introduced Workflow Automation to streamline workflows and eliminate repetitive tasks. The new solution can automate a number of common tasks, including assigning and tracking projects and opportunities, updating milestones, and changing the status of projects. (February 22, 2023; Company press release )

• vTiger launched “Insights Designer,” a business intelligence tool to create charts and custom metrics, which will be added to its CRM dashboard. The new solution can collate data from different locations, including from outside of Vtiger’s solutions via APIs. The new solution is available in the Vtiger One Enterprise edition and Developer Edition. (February 2023; Company press release )