SaaS startup Amagi bags $100 Mn, Emerald Media & Mayfield India exit
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Media-focused SaaS (software-as-a-service) startup Amagi has raised $100 Mn from Accel, Avataar Ventures, Norwest Venture Partners, and existing investor Premji Invest. As part of the deal, the venture funds have bought out stake held by Emerald Media (an investment platform backed by KKR) and Mayfield Fund, thus giving them an exit. Nadathur Holdings continues to remain as an existing investor.