S|W: The SaaS Weekly – A Unicorn lost in the Valley

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!

Bus.com closes $19.6 million CAD Series B to recruit new talent(BETAKIT)

Montreal-based Bus.com, an online platform for bus rentals, has raised a $19.6 million CAD round of funding.

Enterprise SaaS revenue hits $100 billion run rate, led by Microsoft and Salesforce(TECHCRUNCH)

In its most recent report, Synergy Research found that enterprise SaaS revenue passed the $100 billion run rate this quarter.

A unicorn lost in the Valley, Evernote blows up the ‘fail fast’ gospel(NYTIMES)

In Silicon Valley, the idea that most start-ups won’t make it to a splashy public offering or acquisition is not just understood, but embraced.

Wattpad’s Seema Lakhani promoted to chief product officer(BETAKIT)

Wattpad, a platform for readers and writers to find and post original stories, has announced that Seema Lakhani has been promoted to chief product officer from her previous role as head of product.

Orderful nabs $10 million from A16Z to modernize the B2B supply chain network(TECHCRUNCH)

Orderful, which aims to modernize supply chain management through an API-based cloud service, has raised a $10 million Series A from Andreessen Horowitz.

Blockchain API Defuse raises $4.5 million CAD in oversubscribed funding(BETAKIT)

Dfuse, which aims to help web developers build high-performing applications through blockchain, has raised a $4.5 million CAD oversubscribed Seed round.

Showpad raises $70 million for cloud-based sales tools(VENTUREBEAT)

The infusion of capital comes after a stellar year for Showpad, which saw year-over-year growth in the US top 150% and worldwide growth exceed 90%.

Foodles raises another $10 million for its cloud canteen(TECHCRUNCH)

French startup Foodles is raising a $10 million funding round. The company provides canteen-like services using connected fridges and daily deliveries.

Fellow.app closes $8.58 million CAD to scale co-pilot tool for managers(BETAKIT)

After beta testing with Shopify, Fellow.app has signed on the e-commerce giant as its first official customer.

Snowflake co-founder and president of product Benoit Dageville is coming to TC Sessions: Enterprise(TECHCRUNCH)

When it comes to a cloud success story, Snowflake checks all the boxes. It’s a SaaS product going after industry giants.

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.

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