S|W: The SaaS Weekly – Benevity beefs up staff

Janeen Speer

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

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Former Shopify VP Janeen Speer joins Benevity as company preps for hiring spree (BETAKIT)

Speer is the most recent in a stream of executives leaving Shopify. Loren Padelford, general manager of revenue and vice president of Shopify Plus, announced he was departing the company in June.


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Intuit in talks to buy Mailchimp for more than $10 billion (BLOOMBERG)

Intuit Inc., the maker of TurboTax and QuickBooks software, is in talks to buy email marketing firm Mailchimp for more than $10 billion, according to people familiar with the matter.


D3 Security secures $18.9 million CAD in growth equity, debt financing (BETAKIT)

“We’ve always been confident that we have the most powerful, agile, and easy-to-use SOAR platform on the market,” said Gordon Benoit, D3 Security President.


The silent partner cleaning up Facebook for $500 million a year (NEW YORK TIMES)

The social network has constructed a vast infrastructure to keep toxic material off its platform. At the center of it is Accenture, the blue-chip consulting firm.


Hard sells and ‘toxic’ targets: How Indian edtech giant Byju’s fuels its meteoric rise (REST OF WORLD)

Former salespeople say the company pushes its products on parents who can’t afford them.


Audette secures $1 million to help commercial real estate sector build and implement carbon reduction plans (BETAKIT)

Founded in 2019, Audette offers a platform that creates low-carbon transition plans for large commercial real estate portfolios, digitizing the process of assessing energy conservation potential in buildings.


Reddit seeks to hire advisors for IPO, sources say (CNBC)

By the time the IPO takes place early next year, Reddit is hoping it will be valued at more than $15 billion, one of the sources said.


Apple delays release of child abuse scanning tech after backlash (VICE)

“We have decided to take additional time over the coming months to collect input and make improvements before releasing these critically important child safety features.”


#paid secures $18.9 million CAD Series B round to capitalize on the exploding creator economy (BETAKIT)

“Every major consumer brand today is being built with creators at the core, but the world of brand and creator collaboration is still super messy and broken.”


HomeLight closes on $100M Series D at a $1.6B valuation as revenue surges (TECHCRUNCH)

The equity financing brings HomeLight’s valuation to $1.6 billion, which is about triple of what it was when it raised its $109 million in debt and equity in a Series C that was announced in November of 2019.


Uber proposes benefits fund pool for Canadian delivery drivers (INSURANCE BUSINESS CANADA)

Workers can use their benefits from the fund for a range of purposes, Uber proposed, including health and dental benefits, life insurance, RRSP contributions, and educational expenditures.


Cybersecurity startup Cmd to be acquired by enterprise search firm Elastic (BETAKIT)

In 2019, Cmd raised a $19 million CAD Series B round led by GV (formerly Google Ventures), bringing its total funding to date to over $28 million.


Ireland’s data privacy watchdog fines WhatsApp a record $266 million over how it told users about the data it shared with Facebook (BUSINESS INSIDER)

This follows an inquiry into how WhatsApp shares personal data with other Facebook companies.


Andy Jassy overruled AWS recommendation a senior exec be fired for discrimination, sources say (PROTOCOL)

The parameters of the case involving AWS’ Joshua Burgin are similar to other ones filed by current and former AWS executives. But in this instance, it went straight to the top.



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Josh Scott

Josh Scott

Josh Scott is a BetaKit staff writer who loves to tell Canadian business and tech stories. His coverage is more complete than his moustache.