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!
Trudeau announces 75 percent wage subsidies, interest-free loans for Canadian small businesses(BETAKIT)
The 75 percent wage subsidy will be available for “qualifying businesses” for up to three months and will be retroactive until March 15.
EDC is set to distribute a portion of the $10 billion federal loans for small businesses, however, concerns remain whether the EDC & BDC loans support #CDNtech.
Slack told the world via an SEC filing that it had added 7,000 net new customers in its current quarter, ahead of the preceding few quarters in which it had added around 5,000.
Israeli market research startup Revuze has raised a $5.1 million Series A round led by Maverick Ventures (Israel), with support from existing investor Prytek.
Halifax-based SalesRight has raised an additional $600,000 CAD for its pre-seed funding round co-led by Concrete Ventures and Island Capital Partners.
Portland health tech startup raises $8M(BIZJOURNALS)
The startup has released a free screen tool to help providers evaluate patients seeking COVID-19 testing.
The company has raised $20 million, money it will be using to continue expanding its business across Europe and the Americas and to continue investing in building out its technology.
Clio has committed $1 million to help law firms navigate the difficulties surrounding the COVID-19 pandemic.
Dremio raises $70 million to fuel big data analytics(VENTUREBEAT)
The startup’s eponymous platform maintains a catalog of sources, physical and virtual datasets, and data sets’ lineage, making it easy to search and find data sets and see how data are being transformed.
Cloud kitchen startup BigSpoon Foods raises $200K from Urmin Family Office, Lemonade Ventures, LetsVenture, others(YOURSTORY)
With the current funding, BigSpoon Foods will be expanding to new cities and brands, while investing in smart technology for efficient production, inventory management and consumer experience.
Twaice, the Munich-based startup that has built analytics software to help with battery management in electric vehicles and other devices, has raised €11 million in Series A funding.
Shopify has added $200 million to Shopify Capital as a way to support small businesses affected by COVID-19.
How automation helps Saas firms manage uncertainty(VENTUREBEAT)
Automation is key to understanding the financial position of a SaaS company. It speeds up quote-to-cash and close cycles, frees up cash, improves forecasting, and more.