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  <ul>
    <li>
      <p>
        Sellsy, a French-based customer relationship management (CRM) and financial management system (FMS) provider for SMEs, raised EUR 55 million (~USD 63 million) in a Series B funding round led by PSG.
      </p>
    </li>
  </ul>
  <ul>
    <li>
      <p>
        The company intends to use the funds for growth expansion.
      </p>
    </li>
  </ul>
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  </p>
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<div>
  <p>
    <a href="https://www.businesswire.com/news/home/20220111005633/en/Sellsy-Secures-">
      Company Press Release
    </a>
  </p>
</div>


SME CRM

Sellsy raises EUR 55 million in Series B funding

<div>
 <p>ServiceTitan filed for an IPO on Nasdaq under the ticker "TTAN" and plans to launch before the year-end. The company, valued at USD 9.5 billion in 2021, has raised about USD 1.4 billion since 2007.</p>
 <p>For the fiscal year ending January 31, 2024, the company reported a revenue of USD 614 million (33% YoY increase) and a net loss of USD 195 million (improved by 28% YoY).</p>
 
</div>

ServiceTitan files for Nasdaq IPO and expects debut on market before year-end

<div>
 <p>Odoo has raised EUR 500 million, equivalent to ~USD 526 million, in a funding round led by CapitalG and Sequoia Capital, and included participants such as BlackRock, Mubadala Investment Company, HarbourVest Partners, AVP, and Alkeon.</p>
 <p>Following this fund-raising, Odoo is now valued at EUR 5 billion, or about USD 5.2 billion. It aims to hit EUR 1 billion (approximately USD 1.05 billion) billings by the year 2027. To achieve this, Odoo's plans include opening five new subsidiaries in Europe, Latin America, and the Asia-Pacific in the next three years. The company also plans to boost its research and development capabilities.</p> 
</div>

Odoo raises EUR 500 million in secondary funding; valued at EUR 5 billion

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>
 <p>Mastercard, Hello Alice, and vcita have launched Biz360, a new platform designed to aid financial and service providers in offering their small business clients a comprehensive hub for digital business tools. The platform encompasses automation of administrative tasks, personalized business performance reporting, and customer engagement tools such as email campaigns, marketing materials, and website creation.</p>
</div>

Mastercard launches Biz360 platform for small businesses

<div>
 <p>ServiceTitan has introduced three new solutions powered by Artificial Intelligence: Contact Center Pro, Sales Pro, and TI Assist. These new tools leverage the company's proprietary AI system, Titan Intelligence. The solutions aim to assist contractors in managing their operations more efficiently. They promise to streamline processes, predict outcomes, and enhance overall business operations through automation.</p>
</div>

ServiceTitan launches three AI solutions for trades businesses

<div>
 <p>Freshworks has introduced Freddy AI Agent, an autonomous artificial intelligence tool that requires no coding and aims to improve customer and staff support experiences. Significant features of this solution comprise personalized support in multiple languages, autonomously providing assistance 24/7, and extensive integration capabilities across different platforms.</p>
</div>

Freshworks launches AI agent to improve customer and employee experience

<div>
 <p>Weave has introduced an improved Email Marketing tool specifically designed for small to medium-sized healthcare businesses. It comes with campaign creation and management features, along with a GenAI assistant for content generation.</p>
</div>

Weave launches email marketing tool for healthcare providers

<div>
 <p>Thryv has incorporated AI technology into its Marketing Center product through a new Social Media Management Tool. This tool consolidates various social media channels like Instagram, TikTok, and YouTube into one interface. It also offers features such as AI-created social content, tools for content curation, social post scheduling, and a comprehensive engagement dashboard.</p>
</div>

Thryv adds AI-powered social media tools to Marketing Center

<div>
 <p>Odoo has formed a collaboration with IT software consulting firm, Interakt, to deliver extensive ERP implementation and consulting services. The partnership will see Interakt providing custom ERP systems for diverse industries. Services offered include Odoo implementation, consultation, training, version migration, maintenance, and app customization.</p> 
</div>

Odoo partners with Interakt to provide customized ERP solutions

<div>
 <p>Pipedrive introduced its AI-based tool, Pipedrive Pulse, in a beta version. The software aims to optimize prospecting processes and emphasize potential profitable transactions. The company assures that its new application will minimize time used up in evaluating prospects and enhance managing a large number of lead pipelines.</p>
</div>

Pipedrive launches AI-powered tool 'Pipedrive Pulse' to streamline prospecting workflows

<div>
 <p>The company has successfully raised USD 200 million in a Series B funding round. This funding comprises of USD 50 million in equity, managed by PeakSpan Capital, and a credit line of USD 150 million from Encina. The raised capital will be utilised to enhance sales and marketing strategies, introduce new features such as a global hiring module in the hiring product, and elevate the support for payments on the finance side.</p>
</div>

All Updates

Sellsy raises EUR 55 million in Series B funding

ServiceTitan files for Nasdaq IPO and expects debut on market before year-end

Odoo raises EUR 500 million in secondary funding; valued at EUR 5 billion

Mastercard launches Biz360 platform for small businesses

ServiceTitan launches three AI solutions for trades businesses

Freshworks launches AI agent to improve customer and employee experience

Weave launches email marketing tool for healthcare providers

Thryv adds AI-powered social media tools to Marketing Center

Odoo partners with Interakt to provide customized ERP solutions

Pipedrive launches AI-powered tool 'Pipedrive Pulse' to streamline prospecting workflows

Finally raises USD 200 million in Series B funding to deepen investment

SME CRM

Sellsy raises EUR 55 million in Series B funding

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