AppDirect, a cloud-based marketplace featuring hundreds of software-as-a-service (SaaS) apps, has closed a whopping $140 million Series E round, led by J.P. Morgan Asset Management with participation from all existing investors, including Foundry Group, iNovia Capital, Mithril Capital Management, StarVest Partners, and Stingray Digital.
This takes the San Francisco-based company’s total funding to $245 million, including $50 million raised earlier this year. The company says it will use the fresh cash influx to continue growing globally, while further investing in an infrastructure to make it easier for businesses to manage multiple applications on any device.
European Nest-competitor Tado has raised $17.1 million to help grow its home climate-control business and “accelerate product innovations” and global expansion.
Some notable names participated in the round, including Siemens’ venture capital unit and Statkraft Ventures, the investment arm of one of Europe’s biggest renewable energy companies. This effectively doubles Tado’s total funding to date, as it raised $13.5 million last year and a $2.6 million seed round before that.