ARR

Deel is on an acquisition march. On Tuesday, the HR startup announced it is acquiring African-based payroll and HR software and services company PaySpace in a deal that marks its largest acquisition to date. The move comes less than one week after Deel announced it had picked up Munich-based Zavvy, an AI-based “people development” startup building tools for personalized career progression, training and performance management. Financial terms of the PaySpace acquisition were not disclosed.  Johannesburg-based PaySpace…

Romain Dillet / TechCrunch: Lyon-based Dougs, an online accounting startup for SMBs that is profitable with ~€15M in ARR, raised €25M in its first VC round since being founded in 2015 — Dougs, a French accounting startup, has been around since 2015. It already generates $16.4 million (€15 million) in annual recurring revenue. Romain Dillet / TechCrunch: Lyon-based Dougs, an online accounting startup for SMBs that is profitable with ~€15M in ARR, raised €25M in its…

How many paying customers do you have, and how long are they locked in? Annual recurring revenue (ARR) has always been a key metric, but with valuations down across the board and new money too tight to mention, it’s now a lodestar — especially for self-funded startups. Hotjar CEO Mohannad Ali wrote an article for TC+ laying out four principles from his bootstrapped company’s product-led growth strategy that helped them “move quickly and pivot regularly.” Full TechCrunch+ articles are only available to membersUse…

Singapore-based neobanking platform Stashfin, which only serves the India market, on Tuesday raised $270 million in its Series C equity and debt led by global investors including Uncorrelated Ventures, Fasanara Capital and Abstract Ventures.The new round values Stashfin between $700-$800 million. The platform said it will use the funds to expand its footprint in Southeast and South Asia and upgrade its technology for new products."The fundraise is a key milestone in this challenging macro environment. We are now at the…

Kyle Wiggers / TechCrunch: France-based Platform.sh, which offers tools to build web apps, raises a $140M Series D, bringing its total raised to $187M, and says ARR is up 50% YoY to $45M — The growing complexity of web infrastructure is a challenge that many organizations face today. Kyle Wiggers / TechCrunch: France-based Platform.sh, which offers tools to build web apps, raises a $140M Series D, bringing its total raised to $187M, and says ARR is up 50% YoY to $45M — The…

Sara Fischer / Axios: The Washington Post has licensed its Arc XP CMS to 2,000+ companies, up from ~1,500 a year ago; sources: Arc XP generates ~$40M-$50M in ARR but isn't profitable — The Washington Post is looking to double down on its investment in its tech publishing arm, Arc XP, despite outside sales interest valuing … Sara Fischer / Axios: The Washington Post has licensed its Arc XP CMS to 2,000+ companies, up from ~1,500 a year ago; sources: Arc XP generates ~$40M-$50M in ARR but…