FinTech news in enterprise software category

The fourth fund will continue to focus on early-stage investments in enterprise software and deep tech, such as open source software, machine learning, quantum computing startups, finance, education and healthcare. Founded by the teams behind the Acronis and Parallels software companies, Runa Capital has so far more than 100 early-stage investments in Europe and North America. The first investments of the new fund include Barcelona-based embedded finance provider Hubuc and Paris-based open source enterprise software developer OpenReplay. Technology entrepreneur Serguei Beloussov (who has since taken the name Serg Bell and Singaporean citizenship) co-founded Runa after starting Acronis, and has since gone on to also establish the Acronis Cyber Foundation, which has partnered with UNICEF, built schools and educated migrants to Switzerland.

There are any number of enterprise software companies in the market today that are addressing the challenges in HR, enterprise training and education, and performance management, but what makes 15Five unique among them is how it is integrating all of these, and how it’s doing it first and foremost from the perspective of performance management, which is a subtle but important distinction as it informs how, say, educational and training tools are built and incorporated, and to what end. Now in use at some 3,400 companies — customers include Credit Karma, Spotify and Pendo, with its sweet spot specifically on businesses with between 100 and 2,500 employees — the startup will double down on what David Hassell, the CEO and founder of 15Five, describes as not just as providing insights, but also outcomes, ushering in a wider move into areas like coaching and education to expand a platform that today is used to help track and set goals for teams and individuals in them. 15Five — an early mover in the world of building technology to help motivate teams, and to improve performance management for execs overseeing those teams — has raised $52 million in a round of growth funding that it will be using to expand its own performance. Tools like 15Five found themselves in an interesting position: whereas previously some might have considered tech to help shape and work towards goals as potentially nice to have, in the absence of being able to see and work with teams in person, those tools suddenly tool on an essential role.

After spending some time in Kenya (where he was now used to paying via mobile money and rarely cash), he noticed that businesses relied heavily on manual bookkeeping and didn’t have software to record their cash and mobile money transactions.

BlockApps has raised $41 million in a new funding round to continue its expansion into the enterprise blockchain space, the company president and CEO Kieren James-Lubin.