S|W: The SaaS Weekly – BigCommerce’s big round

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

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Former BlackBerry CFO joins eSentire as chief administrative officer (BETAKIT)

James Yersh will be responsible for the financial functions of the business, human resources, and risk and compliance.

DocuSign raises $629 million after pricing IPO (TECHCRUNCH)

DocuSign competes with HelloSign and Adobe Sign, among others, but has managed to sign up many of the largest enterprises including T-Mobile, Salesforce, Morgan Stanley, and Bank of America.

Report: Canadian tech investment hits record $1.3 billion CAD in Q1 2018 (BETAKIT)

Q1’s $1.28 billion funding amount is the largest seen since CB Insights began collecting MoneyTree data in 2012.

Slite raises $4.4M in seed funding (FINSMES)

Slite, a mobile note app for teams to share knowledge and content, raised the funding from eFounders, Y Combinator, and others.

Six SaaS marketing questions with Shopify Plus’ head of marketing, Hana Abaza (LSPARK)

When asked how to change the price of SaaS products without upsetting existing customers, Abaza said, “you need to be clear and transparent as to why the price is changing and what the value will be.”

This NYC startup just raised $15M to reward employees for spending on travel wisely (ALLEYWATCH)

Rocketrip, which incentivizes employees to save money on booking their next business trip, raised the $15 million Series C funding from GV, with participation from Bessemer Venture Partners and Canaan Partners.

Culture Trip picks up $80M for its millennial-focused travel site (TECHCRUNCH)

The Series B was led by Netherlands-based PPF Group.

Uberflip raises $41 million CAD from DC-based Updata Partners (BETAKIT)

Uberflip currently has over 1,000 B2B customers.

BigCommerce raises $64 million to power e-commerce sites (TECHCRUNCH)

BigCommerce, which has developed a template for its customers to launch websites with manageable shipping and payments tracking, raised the funding from Goldman Sachs, with participation from General Catalyst, GGV Capital, and Tenaya Capital.

ServiceNow snaps up VendorHawk to help its customers manage their SaaS spending (GEEKWIRE)

The all-cash deal will allow ServiceNow to “help customers drive digital transformation by providing transparency into software license utilization and costs.”

Why non-IT employees are now driving decisions about SaaS and cloud applications (TECHREPUBLIC)

The IT department used to make decisions about technology adoption. But according to Nintex’s SVP of technology strategy, other departments are now making the push for the latest and greatest tech.

Hasura snares $1.6M seed for developer-focused Kubernetes solution (TECHCRUNCH)

The seed round was led by Nexus Venture Partners, with participation from GREE Ventures.


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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