The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe.
Subscribe to S|W using the form at the bottom of this page to ensure you don’t miss out on the most important SaaS news every week!
Espresso Capital partners with Winning By Design to help SaaS companies scale (BETAKIT)
Winning By Design provides strategy consulting and coaching programs for sales and inside sales teams at over 220 SaaS organizations.
SAAS NORTH recommends: (SAASNORTH)
For 72 hours only, BetaKit readers will receive a special discount of 25% off for SAAS NORTH, Canada’s largest SaaS conference for companies scaling up!
Shopify-powered online stores take 100 orders a minute on legal cannabis’ first day
(BETAKIT)
Millions of individuals from Canada and the rest of the world have visited the four websites since they went live at 12:01 a.m. in their respective provinces.
TravelPerk grabs $44M to take its pain-free SaaS for business travel global (TECHCRUNCH)
Sweden’s Kinnevik, Russian billionaire, DST Global founder Yuri Milner, and others.
Vacasa raises $64 million in new investment (VENTUREBEAT)
Vacasa, a vacation rental management company, raised the funding from Riverwood Capital, with participation from other current investors Level Equity, NewSpring and Assurant Growth Investing.
Ride-hailing company Careem secures $200 million in funds from Saudi and Japanese investors (CNBC)
Dubai-headquartered Careem, the main regional rival of Uber Technologies, has expanded into new markets this year such as Sudan and has been trialing food delivery services since February.
Syncron, a SaaS to help manufacturers move to a service model, raises $67M (TECHCRUNCH)
The round was led by growth equity firm Summit Partners.
Storyflow raises $500,000 for voice app entertainment platform (BETAKIT)
Storyflow provides a central hub for building interactive voice entertainment on smart speakers.
SaaS startup Hiver raises $4M from Kalaari and Kae Capital (INC42)
Hiver will use the proceeds from the new round of funding for product development, as well as expanding its global customer base.
Lucid Software raises $72 million to grow its web-based design and diagramming software (VENTUREBEAT)
The funding was led by Meritech Capital, Iconiq Capital, and Spectrum Equity.
Twilio acquires email API platform SendGrid for $2 billion in stock (TECHCRUNCH)
SendGrid will become a wholly owned subsidiary of Twilio and its common stock will be converted into Twilio stock.
Atlassian’s Jira software cloud is now generally available (ITPRO)
Highlights of the Jira update include giving more autonomy to teams, rather than just focusing on the admins, lessening the pressure on those managing projects.
Acorus Networks raises $6 million to protect businesses from DDoS attacks (VENTUREBEAT)
Investors in the round include Elaia Partners, Partech, and Kima Ventures.
Google launches compose actions to streamline access to SaaS apps in Gmail (TECHCRUNCH)
“Compose actions make it easy for you to add attachments, reference records, or liven up your messages with content from your favorite third-party apps right as you draft your message in Gmail,” Aakash Sahney, Google’s product manager for Gmail and Chat.