A daily newsletter summarizing recent activity & interesting start-ups globally
RECENT NOTABLE ACTIVITY – ERP
- South Central Ventures Invests $1.11M in Agrivi. Link
- Google India head Rajan Anand invests an undisclosed amount in 500 Startups-backed Fulfil.IO. Link
- Oracle buys enterprise cloud software company NetSuite for $9.3B. Link
- KKR agrees to buy software maker Epicor from Apax Partners for $3.3B. Link
- Plex Systems acquires DemandCaster, a leader in cloud-based supply chain planning. Link
- MYOB acquires NZ ERP vendor Greentree for NZ$28.5M. Link
SOME INTERESTING STARTUPS FOUND
Parsley (2015, SF) – Resource planning software for restaurants. Features include recipe development and costing, inventory management, supply ordering etc.
LEADER BOARD – ERP
Generic – Cloud
FinancialForce.com (2009, SF, $194M) – Equips customer-centric businesses with a unified cloud platform and applications necessary to streamline operations for all industries. Backed by TCV, SalesForce Ventures, Advent International, and Unit4.
Intacct (1999, San Jose, $135M) – Cloud based ERP solutions with best-in-class financial management and accounting systems. Backed by Battery Ventures, BVP, Sigma Partners, SVB, Split Rock Partners, Sutter Hill Ventures, Costanoa Venture Capital, Emergence Capital Ventures, JK&B Capital, and HWVP.
Generic – Hybrid
SAP (1972, Walldorf, IPO) – Leading ERP software provider to streamline processes across procurement, manufacturing, sales, finance, HR. Went IPO in 1988.
Oracle (1977, Redwood City, IPO) – Provides solutions to streamline back-office processes with contextual BI, role-based dashboards and collaboration capabilities. Went IPO in 1986.
Kingdee International Software Group (1993, Shenzhen, IPO) – Provides cross-platform ERP solutions deployable on cloud and on-premise for all industries. Went IPO in 2006.
SMB
NumberFour (2009, Berlin, $38M) – Cloud-based business platform that equips small businesses with applications like sales, production, financials. Currently in beta. Backed by AME Cloud Ventures, Mosaic Ventures, Index Ventures, Allen Investments, and T-Venture.
Brightpearl (2007, Bristol, $35.5M) – Cloud-based multi-channel retail ERP software suite that integrates orders, inventory, accounting, reporting and customer data. Backed by Eden Ventures, Notion Capital, MMC Ventures, Columbia Lake Partners, SVB, Venture Founders, and Quayle Munro.
Acumatica (2007, Kirkland, $23M) – Develops a suite of applications like financials, distribution, manufacturing, CRM, and accounting. Available as a license or a SaaS. Backed by Almaz Capital, MYOB, Runa Capital, Visma.
Manufacturing
Plex Systems (1995, Troy, $86.5M) – Cloud-based ERP solution that features modules like machine execution system (MES), supply chain, quality, BI. Backed by Accel, Apax Partners, T.Rowe Price.
Kenandy (2010, Redwood City, $55M) – Integrates order-to-cash, procure-to-pay cycles, production & planning and financials. Backed by Lightspeed Venture Partners, SalesForce Ventures, KPCB, Wilson Sonsini Goodrich & Rosati.
IQMS (1989, Paso Robles, $40M) – Offers manufacturing ERP solutions with features like production monitoring, quality control, supply chain and inventory. Backed by TCV, and Banneker Partners.
Retail
Lightspeed (2005, Montreal, $126M) – Offers end-to-end SaaS-based solutions that primarily targets brick and mortar stores. Features include POS integration, inventory management, customer management, analytics. Backed by Accel, iNovia Capital, Investissement Quebec, and CDPQ.
VendHQ (2010, Auckland, $31M) – Cloud-based POS software that enables retailers to accept payments, track customers, manage inventory, provide loyalty incentives and run business analytics. Backed by Point Nine Capital, Valar Ventures, and Square Peg Capital.
Waste Management
AMCS (2003, Limerick, $103M) – ERP provider for recycling and waste management industry with features like Contract Pricing, Invoicing, Subcontractor Management, Billing, Analytics. Backed by Alpina Partners, Highland Capital Partners, Mianach Venture Capital, Insight Partners, Investec, NCB, SVB, and Shannon Development Company.
Government
Deltek (1983, Herndon, $107M, Acq) – Provides ERP solution for government and project based organizations. Acquired by Thoma Bravo for $1.1B in August 2012.
Education
rSmart (2002, Scottsdale, $14M, Acq.) – Cloud-based ERP solution that integrates academic and administrative functions of educational institutes. Acquired by KualiCo in October 2014.
Foradian (2009, Bangalore, $2M) – Open Source ERP solutions for educational institutes. Backed by an Angel Investor, William Bissell.
Agribusiness
MJ Freeway (2010, Denver, $8M) – SaaS-based integrated software suite for seed sale in Cannabis industry. Backed by Tao Capital Partners.
Farmeron (2010, Columbus, $4M) – Offers Live Stock Management solutions that provide real-time insights into the production. Backed by Softtech VC, Nextview Ventures, 500 Startups, SeedCamp, and Valley Oak Investments.
Leader board includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
For latest updates, please visit ERP feed.