S|W: The SaaS Weekly – Another round for Slack?

The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe.

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Elevate 2-for-416 Startup Ticket

Miss the Early Bird to get your Elevate tickets? BetaKit has your hookup with the 2-for-416 Startup Ticket bundle. Startups buying a minimum of two tickets can save more than $100 per ticket! Offer ends August 19th.

CrowdRiff celebrates customer milestone as it pursues global expansion (BETAKIT)

The company said it has now has over 400 customers, which represents 600 percent growth since 2015.

Slack is raising $400M+ with a post-money valuation of $7B or more (TECHCRUNCH)

At $400 million, this would make it Slack’s biggest round to date.

Event ticketing platform Picatic acquired by Eventbrite (BETAKIT)

Picatic’s co-founder and CEO Jayesh Parmar will join Eventbrite and continue to lead the Picatic team in Vancouver.

How can Unified Access Management simplify the SaaS tsunami? (ITPROPORTAL)

UAM solutions can help businesses securely manage access across the wealth of distributed applications used in their digital transformation efforts.

Oracle introduces autonomous transaction processing database – pounds on AWS (DIGINOMICA)

Oracle’s latest autonomous database tool promises self-repairing, automated updates, and security patches and minutes or less of downtime a month.

Blissfully grabs $3.5 million seed investment to help companies get their SaaS in gear (TECHCRUNCH)

The investment was led by Hummer Winblad Venture Partners, with participation from Hubspot, Founder Collective, and other unnamed pre-seed investors.

Relogix raises $1.4 million to help enterprises understand how employees use workspaces (BETAKIT)

Relogix plans to use the funding to hire additional software engineers.

Dropbox is crashing despite beating Wall Street expectations, announces COO Dennis Woodside is leaving (TECHCRUNCH)

Dropbox is a public company with a nearly $14 billion valuation, and it once again showed Wall Street that it’s able to beat expectations with a now more robust enterprise business alongside its consumer roots.

Has Snapchat already stopped growing? (VOX)

Analysts think so.

Snapchat gets $250M investment from Saudi prince for 2.3% (TECHCRUNCH)

Snap could be looking for more allies abroad as it’s seen weak international growth after years of neglecting the developing world and its Android app’s performance.

Teamleader raises $22M in Series C funding round (FINSMES)

Teamleader, which provides a SaaS platform for CRM, raised the funding from Keen Venture Partners, with participation from existing investor Fortino Capital and Sage Capital, and new investor PMV.


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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