Bay Area tech companies are closing out 2022 strong with plans already in motion for the new year. With new funding, acquisitions and more, find out what’s coming to the Northern California tech sector. This is the Built In SF Weekly Refresh.
Coupa Software announced plans to be acquired. Investment firm Thoma Bravo will acquire business spend management company Coupa Software next year. Having signed a definitive agreement, Coupa will exit the public sector and become a privately held company. The transaction is worth $8 billion, and as such, Coupa’s shareholders will receive $81 per share in cash ahead of the company’s exit. [Built In SF]
Beamery got $50M. London-based Beamery develops software that helps companies make effective workforce decisions. It operates a Bay Area office with five occupants, and it plans to use its Series D capital to enhance its platform and tech capabilities and expand its global sales footprint. [Built In SF]
SF Tech Quote of the Week
AppOmni secured additional funding. Building on its previously announced Series C, AppOmni pulled in new funding from investors including TSG. The extra capital will enable AppOmni’s go-to-market expansion within Europe, the Middle East and Africa as well as the Asia and Pacific region. The company is also hiring across customer success, design, engineering and other teams. [Built In SF]
These five San Francisco startups could build the tech solutions of the future. This quarter, Built In SF featured five local innovators changing the game for sectors like autonomous agriculture, social media and tech-enabled laundry. Learn more about these young startups that are using tech to make a difference in the world around us. [Built In SF]
Mural appointed a new CEO. The company specializes in collaborative intelligence and wants to help organizations unlock their teams’ full potential. Mural announced the appointment of David Baga as the company’s new CEO, taking the place of co-founder Mariano Battan. Battan will move to the position of executive chairman of the board. Baga was previously CEO at financial benefits platform Even. [Mural]
In other VC funding news: Mountain View-based logistics company Pactum received $20 million in growth capital to further its machine learning-powered solution. [Bloomberg]
BetterManager, a leadership development solution, announced a $16 million Series A round from Education Growth Partners following a period of growth. [BetterManager]
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