S|W: The SaaS Weekly – A better way to fund SaaS companies

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!

Fresche Solutions secures $78.12 million CAD to help companies manage legacy IBM apps (BETAKIT)

The funding was led by the National Bank of Canada (NBC), with participation from Investissement Québec and TD Bank.

Vulcan Cyber raises $4M for its vulnerability remediation platform (TECHCRUNCH)

Vulcan Cyber, a Tel Aviv-based security startup that helps enterprises quickly detect and fix vulnerabilities in their software stack and code, raised the funding from YL Ventures and others.

AgTech blockchain startup Bext360 raises $3.35 million to provide traceability to commodities (FORBES)

Blockchain SaaS startup Bext360, which provides traceability for coffee products with a Coinstar-like device for farmers, raised the funding from SKS Ventures and Plug and Play Ventures.

A better way to fund SaaS companies (VENTUREBEAT)

“Most SaaS companies today ought to raise several smaller rounds of funding during the seed phase before going out to raise a series A.”

Box acquires Progressly to expand workflow options (TECHCRUNCH)

All 12 Progressly employees will be joining Box immediately.

Cybersecurity startup CyberSaint Security raises $3M in financing (FINSMES)

CyberSaint Security, which provides a comprehensive solution to cyber-resilience, compliance and risk management, raised the funding from Audeo Capital and BlueIO.

SaaS suites like Office 365 driving cloud deployments with 2x adoption of G Suite (TECHREPUBLIC)

81% of organizations globally have adopted the cloud, according to Bitglass.

Salesforce keeps revenue pedal to the metal with another mammoth quarter (TECHCRUNCH)

The company announced $3.01 billion in revenue for Q1 2019 with no signs of slowing down.

Lazaridis Institute report examines factors that make high-growth tech companies (BETAKIT)

The report examined the core characteristics of high-growth tech companies, and what international business practices contribute to their success.

France’s Klaxoon raises $50 million for international expansion of its teamwork platform (VENTUREBEAT)

The latest round of funding was led by Idinvest Partners and included funding from previous investors, such as BPI, Sofiouest, Arkea, and White Star Capital Fund.


Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.

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