5 SaaS Startups in the Communities Industry

January 24, 2023

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SaaS startups have become the darling of Venture Capital investors, especially in the Communities industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 5 VC funded SaaS startups in the Communities industry.

Bevy

Bevy is a SaaS platform for virtual conferences and community events that is designed for businesses. It uses a range of tools to organize, publicize, and carry out online conferences and neighborhood events. The platform is an adaptable piece of software that can be used to organize and host countless varieties of virtual events. The Bevy platform is utilized by a variety of commercial, consumer, and educational organizations that want to create virtual events and transform them into flourishing worldwide communities since it was built with enterprise-level analytics, connectors, and data protection. Community and field marketing teams may enable local brand evangelists all around the world to create tiny local communities that collectively give reach and scalability thanks to a robust permissions system and webcasting capabilities. The business was established in 2017 and has its corporate headquarters in Palo Alto, California.

Company details:
Founders:
Alex Bendig, Derek Andersen, Joel Fernandes
Founded:
2017
Based in:
Palo Alto, California, United States
Website:
Bevy
Industries:
Communities, Enterprise Software, Event Management, Events, SaaS, Video Conferencing
Latest funding:
$40,000,000
Series C
24 March 2021
Total funding:
$61,400,000
Investors
LinkedIn, Accel, Upfront Ventures, Baron Davis, Vlad Magdalin

Commune

Three University of Tokyo graduates created Commune Inc. in 2018. In San Mateo, it launched its US office in 2022. Launched in early 2019, Commune is a customer success community platform that connects businesses and customers.

Company details:
Founders:
Akihiro Yamamoto, Shota Hashimoto, Yuya Takada
Founded:
2018
Based in:
San Mateo, California, United States
Website:
Commune
Industries:
Communities, Content, CRM, Customer Service, Marketing, SaaS, Software
Latest funding:
$16,000,000
Series A
15 September 2021
Total funding:
$20,731,982
Investors
DNX Ventures, JAFCO, Z Venture Capital, UB Ventures

Deed

The SaaS platform offered by Deed makes it simple for staff members to volunteer and contribute to their preferred charity. Deed is used by HR and social impact teams at businesses like Airbnb and Stripe to boost employee retention. It has offices in Brooklyn, Berlin, Tel Aviv, and San Francisco and was created by Deevee Kashi, Steven Liu, and Aske Ertmann.

Company details:
Founders:
Aske Ertmann, Deevee Kashi, Steven Liu
Founded:
2016
Based in:
Brooklyn, New York, United States
Website:
Deed
Industries:
Cause Marketing, Communities, Human Resources, SaaS, Social Impact
Latest funding:
$10,000,000
Series A
9 December 2021
Total funding:
$12,800,000
Investors
Y Combinator, Earlybird Venture Capital, ACE & Company, SquareOne, WndrCo

Lynk

The 1 billion knowledge workers may realize their full potential with the aid of Lynk. Knowledge workers may access opportunities provided by Lynk or on private markets set up on the Lynk platform by other businesses and organizations with a single login. By providing credentials for knowledge and experience as well as workflow tools to speed up engagements, Lynk aspires to become the infrastructure for knowledge work. Systems must keep up with the changing nature of labor, and Lynk's networked marketplace will hold the key to realizing this economic promise. Lynk collaborates with hundreds of multinational corporations, including the top Fortune 500 businesses, high-growth startups, and investment firms, with a diversified staff spread over 8 locations. Every day, the site offers tens of thousands of consulting, project, part-time, and full-time possibilities. With operations throughout the globe in significant locations including New York, Toronto, Singapore, Hong Kong, and Mumbai, Lynk is ISO27001 certified. With the UBS Group, we have also formed a complex global alliance. Visit https://lynk.global/ for additional info.

Company details:
Founders:
Evan Xiao Han, Jennifer Li, Peggy Choi
Founded:
2015
Based in:
Toronto, Ontario, Canada
Website:
Lynk
Industries:
Apps, Career Planning, Communities, Freelance, Human Resources, Information Technology, Knowledge Management, Professional Networking, SaaS
Latest funding:
$5,000,000
Series B
1 September 2021
Total funding:
$33,000,000
Investors
UBS, Wavemaker Partners, CRE Venture Capital, Cyberport Hong Kong, Brewer Lane Ventures

Threado

Threado is a community management platform that helps community builders measure engagement, get detailed insights, and automate their operational tasks from a single dashboard. Threado automates community workflows, from providing a welcoming onboarding experience to re-engaging inactive members. Users can craft journeys using Threado's visual workflow builder, automate messages, conduct surveys, and capture responses.

Company details:
Founders:
Abhishek Nalin, Pramod Rao
Founded:
2020
Based in:
Bangalore, Karnataka, India
Website:
Threado
Industries:
Communities, Internet, Productivity Tools, SaaS
Latest funding:
$3,100,000
Seed
27 July 2022
Total funding:
$3,100,000
Investors
Speciale Invest, Vertex Ventures Southeast Asia & India, PointOne Capital, Gemba Capital, Archana Priyadarshini

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