A Round-Up Of Last Week's Exciting Funding Rounds
As always in the SaaS and Tech space there is a lot to celebrate! Here is Resst’s overview of some exciting funding rounds that took place last week. Hope you enjoy and don’t forget to follow us on Linkedin for more exciting updates about all things Tech and Talent!
Demodesk - €8M in Series A
In their own words: Demodesk is the first intelligent meeting platform for remote sales and success teams. We redefine screen sharing with our revolutionary technology that eliminates the pain associated with online meetings.
Founded in 2017 by Veronika Riederle and Alex Popp, this start up based across Munich and San Francisco could look set to make a big impact as the world is starting to become more accustom to the use of online meetings.
Demodesk are developing a different way for teams to collaborate using a 100% virtual desktop display in the browser, boasting no downloads or minimal to no lag for anyone. As we see the world continuing to rely and benefit from online meetings, we are very interested in seeing where Demodesk can go from here.
Legion - $22M in Series B
In their own words: Legion uses advanced technology to solve some of the biggest challenges in workforce management. Headquartered in Silicon Valley, we employ AI and machine learning to improve employee engagement, retention and culture while massively improving labor efficiency.
Founded in 2016 by Sanish Mondkar, (previously Executive Vice President and Chief Product Officer at Ariba Inc. and then SAP) this Series B round means Legion have raised a total of $35.5M.
This AI powered software has certainly had some good successes to date, having recently been named in JMP Securities “Hot 100 List” as well as being recognised by Gartner for being a Cool Vendor in Human Capital Management. As the Workforce Management software space continues to grow we will certainly be keeping close tabs on how Legion will continue to build on their successes to date.
Avo - $3M in Seed
In their own words: Avo is a next-generation analytics governance tool improving how product managers, developers, and data teams plan, track, and govern product analytics across organizations.
Founded in 2018 by CEO Stefania Olafsdottir and CTO Sölvi Logason, the team at Avo have created a solution that helps companies ship faster without compromising data quality. As companies continue to look for ways to make better decisions based on data and analytics, Avo seem to have an opportunity to grow their market presence which will undoubtedly be helped by this Seed funding.
They are currently hiring across Iceland and the US to enable further success for the business, so the times ahead certainly look exciting for the Avo team.
Lyfegen - CHF 2M in Seed
In their own words: Helping patients to access innovative therapies by driving value-based healthcare. With our background, knowledge, and network in healthcare, we set out to work together with manufacturers, healthcare payers & healthcare providers using our technology to help patients access innovative therapies.
Founded in 2018 by Girisha Fernando, Nico Mros, Michel Mohler and Leon Rebolledo, this team at Lyfegen have years of combined experience in the healthcare industry, and are looking to make a change by making a solution that benefits doctors, hospitals and therefore patients.
They are achieving this by using Blockchain technology that has a main goal to ease the problem around expensive medication for rare diseases. Lyfegen seems to be another example of where technological advances can be used for social good and hopefully this Seed round will continue to drive their mission forward and impact more people who require innovative therapies.