Four SaaS Capital Portfolio Companies Either Acquired or Raised Equity Funding

CINCINNATI & SEATTLE, April 28, 2021 – SaaS Capital, the leading provider of growth debt to software-as-a-service (SaaS) companies,  congratulates Freshop, SocialClimb, Updox, and DATIS HR Cloud on their recent successes.

The market to acquire or invest in growth-stage private SaaS companies is as hot as ever, as SaaS remained a bright spot through the pandemic (hurray retention!). Further, some industries like healthcare and grocery ecommerce even benefited from it. Congratulations to all the teams on their success in navigating a challenging year and completing successful exits and fundraisings.

Freshop Acquired by NCR Corporation (NYSE: NCR)

• Freshop is the leading online grocery platform for independent grocers, powering websites for over 1,300 stores in 44 states and 10+ countries. The company empowers retailers with the tools to compete in today’s digital marketplace. Store-branded websites and apps, along with a user-friendly dashboard, give retailers complete control over their digital offerings.

Updox Acquired by EverCommerce

• A complete healthcare communication platform for in-person and virtual care, Updox offers one consolidated inbox for healthcare providers to manage the entire patient journey and office productivity. Through an all-in-one platform, Updox provides a broad set of capabilities for virtual health, patient engagement, and paperless office efficiency that work together to reduce costs and drive revenue. Headquartered in Dublin, Ohio, Updox is integrated with more than 100 electronic health records (EHR) and pharmacy management systems and serves more than 560,000 users and 210 million patients. Updox customers also benefit from an engaged user community for benchmarking, idea exchange, and networking. Learn how we simplify the business of healthcare.

SocialClimb Secures $12 Million in Growth Funding from Resolve Growth Partners

• SocialClimb helps physicians improve their reputations, dominate local search, and grow the value of their practice. In addition to helping physicians collect reviews and improve their rankings, its industry-leading platform uses deep analytics to automatically deliver targeted reputation ads to attract profitable patients.

DATIS HR Cloud Joins Battery Ventures Backed Behavioral Holdings

• DATIS provides a completely unified HR and Payroll platform purpose-built for human services organizations. Their software empowers employees, engages teams, and evolves organizations by uniting all aspects of workforce management within a single platform. The end-to-end solution encompasses all aspects of the employee lifecycle, including Position Control, HR Management, Recruiting, Time & Attendance, Payroll, Benefits, Performance Management, Business Intelligence, and more. 

About SaaS Capital

SaaS Capital is the leading provider of growth debt designed explicitly for B2B SaaS companies. SaaS Capital’s growth debt is structured to provide a significant source of committed funding, deployment flexibility, and lower overall cost of capital, all while avoiding the loss of control associated with selling equity. SaaS Capital was the first to offer lending alternatives to SaaS businesses based on their future recurring revenue. Since 2007, SaaS Capital has deployed $234 million in growth debt to deliver better outcomes for 70+ clients, resulting in $983 million in total enterprise valuation created. Visit www.saas-capital.com to learn more.