S|W: The SaaS Weekly – A new Slack boom?

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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!


BetaKit

Trudeau announces 75 percent wage subsidies, interest-free loans for Canadian small businesses

The 75 percent wage subsidy will be available for “qualifying businesses” for up to three months and will be retroactive until March 15.


LATEST JOBS

Viziya – Oracle Architect

Chisel AI – Senior Software Developer

Nudge Rewards Inc. – Senior Full Stack Developer

See more jobs and post your own on Jobs.BetaKit (powered by Jobbio).


BetaKit

Export Development Canada provides more detail on emergency loan program

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.


TechCrunch

Slack’s slowing growth turns around as remote work booms

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 startup Revuze raises $5 million Series A for customer analysis software

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.


BetaKit

Halifax-based SalesRight secures additional $600,000 CAD in pre-seed round

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

The startup has released a free screen tool to help providers evaluate patients seeking COVID-19 testing.


TechCrunch

DataGuard, which provides GDPR and privacy compliance-as-a-service, raises $20M

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.


BetaKit

Clio donates $1 million to help lawyers navigate pandemic challenges

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

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

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.


TechCrunch

Battery analytics software startup Twaice raises €11M Series A led by Creandum

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.


BetaKit

Shopify Capital makes additional $200 million available to merchants affected by COVID-19

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

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.



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Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.