Crunchbase Daily: Greensill, Sprout Social, Duffel, and Insight Partners
SoftBank pumps $655M into Greensill
The SoftBank Vision Fund has invested $655 million in Greensill Capital, a provider of working capital financing to businesses, in a bid to bolster the company’s global expansion. The investment brings total funding for London-based Greensill to more than $1.7 billion over the past 14 months.
Sprout Social files for IPO
Chicago-based social media management company Sprout Social has filed to go public. Its prospectus reveals a company with pretty good SaaS metrics that isn’t super unprofitable and doesn’t have titanic cash burn. However, its recent growth pace feels light.
Travel startup Duffel packs up $30M Series B
London-based travel tech startup Duffel has raised $30 million in a Series B round led by Index Ventures. The company offers an API for travel agencies to plug in directly to airlines’ reservation systems so that they can pull real-time flight offers.
Insight Partners opens Israel office
New York-based venture capital and private equity firm Insight Partners is setting up shop in Tel Aviv, marking its first office outside of the United States. The firm has a long history of doing business in Israel, having invested more than $700 million there in its 24-year history.
Crunchbase: What’s a good level of net dollar retention?
Net dollar retention is a highly monitored number for SaaS companies. To find out what is a good level, we looked at net dollar retention for publicly traded SaaS companies at their time of IPO and compared it to current levels.
