S|W: The SaaS Weekly – Buying SaaS startups so founders can build again

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!

Airbnb reaches agreement to collect provincial, municipal taxes in BC(BETAKIT)

The online home rentals platform will collect an eight percent provincial sales tax (PST) on behalf of hosts.

Cloud contract management platform provider Icertis raises $50M(YOURSTORY)

The Series D round was led by Meritech Capital Partners, with participation from PSP Growth, Cross Creek Advisors, B Capital Group, and others.

Jiffy on Demand launches in the US (BETAKIT)

Jiffy on Demand allows users to request home maintenance from trade professionals nearby who are vetted by the company.

Think3 is a new $1B fund that wants to buy up SaaS startups so founders can go out to build again (TECHCRUNCH)

Think3 is looking to buy SaaS startups so their founders can go out and build new companies, giving them either $500,000 (with no equity) or $1 million (with equity) in funding to do so.

Tech for Good: Brili applies enterprise tech to child psychology (BETAKIT)

The app helps children with learning disabilities follow a routine and receive a reward for completion, per psychologist-documented best practices.

Eyeing expansion, data protection unicorn Rubrik inks deal to acquire Datos IO(SILICONANGLE)

Datos IO said its software can restore workloads in a matter of minutes following an outage, and reduce backup-related storage requirements by up to 90 percent.

Understanding the Mendoza Line for SaaS growth (TECHCRUNCH)

The Mendoza Line model enables identifying — at every stage in the life of a SaaS company — a growth rate, below which that company is not on a clear, venture-backable trajectory.

Salesforce wants to invest $2 billion towards growing its business in Canada (BETAKIT)

The company said it plans to generate $17 billion USD in new business revenue in Canada by 2022.

Google to open second Japanese Cloud Platform region in Osaka in 2019 (VENTUREBEAT)

“It will make it easier for Japanese companies to build highly available, performant applications. Customers will benefit from lower latency for their cloud-based workloads and data,” said Google Cloud Japan’s managing director, Shinichi Abe.

Chamath Palihapitiya’s Social Capital invests in SaaS startup WebEngage (VCCIRCLE)

WebEngage provides a marketing automation software that helps business-to-customers companies drive more revenues from their existing customers and anonymous users.

iComplyICO raises angel investment from Uber founding team member (BETAKIT)

iComplyICO offers a platform automating compliance procedures for initial coin offerings and other digitized assets.


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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