[New SaaS Listing] Google announces that Search Console reporting is delayed, Atlassian to launch $50 million venture fund, Amazon launches luxury store on app, Snowflake more than doubles in market debut, largest ever software IPO, and more

Google announces that Search Console reporting is delayed

On Monday, Google Webmasters tweeted out that its Search Console reporting was experiencing “longer than usual” delays. This particular problem does not affect Google’s ability to crawl, index, or rank pages, rather, this issue only affects reporting. This could result in pages that were recently published to be left off the Index Coverage report, even though they have been indexed. The issue is still unresolved, but Google Webmasters mentioned in their tweet to check their twitter page for updates. Until Google rectifies the issue, the easiest way to check if a page has been indexed is to utilize Google’s “site:” operator in Google Search.

Atlassian to launch $50 million venture fund

On Thursday morning, Atlassian, the software development giant, announced that they will be launching “Atlassian Ventures,” a $50 million fund focused on investing in startups that will contribute to the Atlassian ecosystem. Chris Hecht, Atlassian’s head of Corporate Development, released in a statement, “As more and more customers transition to our cloud products, we are committed to supporting their journey by fostering a robust ecosystem of cloud-based apps that enhance their experience and satisfy all use cases. . .Atlassian Ventures will facilitate our continued investment in the best-of-breed tools and integrations our customers need to fuel the next wave of innovation and manage their work, both now and into the future.” The fund will look to take a three-pronged approach–investing in early-stage startups, established companies looking to scale their business, and members of the Atlassian Partner Program.

Amazon launches luxury store on app

In an effort to encourage upscale and designer brands to list their merchandise on Amazon.com, Amazon has launched a “Luxury Stores” platform. The platform will be invite-only for paying Amazon Prime customers, with membership invites to other customers rolling out over time. Amazon has long struggled with attracting designer retailers due to luxury labels shying away from the e-commerce giant’s reputation for strict brand control. Since launch, Amazon has signed on Oscar de la Renta but expects more brands to join in the coming weeks.

Snowflake more than doubles in market debut, largest ever software IPO

On Wednesday, Snowflake began trading on the NYSE. Shares surged upwards of 111% in SNOW’s market debut, with estimates at $120 per share on Tuesday soaring to  $253.93 per share at closing Wednesday evening. At the end of trading, Snowflake was valued at $70.4 billion, over 5 times its valuation rate in February. Snowflake raised over $3 billion based on its opening price, a historic figure as the highest ever for a software company.

2020 SaaS Market Overview

Before the COVID-19 pandemic swept the globe, 2020 was shaping up to be a year of both strong growth and innovation. Although the effects of the virus have created uncertainty for global markets, it remains true that SaaS has created real value for customers over the years. The variety in SaaS product has allowed companies to address. . . 

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For sale is a highly desirable B2B SaaS business in the meeting and task management software niche that has demonstrated solid market fit, thanks to its ease-of-use and cross-platform functionality.

Some key highlights:

  • $64,000 in revenue generated over the last 12 months
  • Impressive revenue growth at a CAGR of c.38% over the 2012-2019 period
  • Well set to capitalize on the industry’s forecast CAGR growth of 13% to $4.5bn by 2026
  • Strong traffic statistics with c.482,000 page views and c.285,000 visitors (c.90% organic) in the LTM

Request a prospectus from the link above to learn more.

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OTHER NEW LISTING

SaaS – B2B business in the hospitality management software

  • Rapid revenue growth with c.$63,000 generated in the LTM
  • Strong customer following attracting an MRR of c.$5K
  • Loyal customer base with a low MRR Churn of c.1.%

Yearly net profit: $52,000
Asking price: $198,000

SOLD BUSINESSES

Amazon FBA – Home & Lifestyle/Fitness Accessories – $3.1M Gross/Yr

E-Commerce – Digital Cartoon Artwork – $5.7M Gross/Yr

Advertising/Affiliate – Cooking & Recipes Blog w/ 6.7M Visitors/Yr – $17.3K Gross/Mo – SBA Eligible

SaaS – B2B Drop Shipping Optimization Tool – $12K MRR

SaaS – Giveaways & Sweepstakes Software – $3K MRR

Affiliate – Consumer Product Reviews – $8.4K Gross/Mo

Affiliate – Consumer Goods Resource – $1.1K Gross/Mo

Until next week!
The FE International Team