While incumbents largely struggled to deal with the effects of COVID-19, SaaS focused startups raised over $300 million this year.
This provides them a strong foundation to attempt to disrupt incumbents.
IPVM covered each of these raises throughout the year, with dedicated reports linked below:
Additionally, Google invested $450 Million in ADT and, just this month, ZKTeco filed for an IPO planning to raise $190 Million.
Inside this note, we examine the overall trend, why it is important to understand, and the financial cases for each company that raised funds.