S|W: The SaaS Weekly – Canadian SaaS skyrockets

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

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OrbCare files for bankruptcy after failing to find buyer, team launches new company instead(BETAKIT)

Healthtech startup OrbCare has officially filed for bankruptcy after the startup failed to find a buyer during an auction process that took place in September.


Digital For Good Summit gets real about the need for charities to adopt transformation(BETAKIT)

The Digital For Good Summit provided a clear message to charities regarding digital transformation: start small or start big, but you need to start.

Storm Ventures just closed its sixth fund with $130 million(TECHCRUNCH)

Storm distinguishes itself in numerous ways, including its exclusive focus on seed and Series A stage enterprise startups, including mobile, SaaS and cloud infrastructure companies.

Tray.io raises $50 million to automate repetitive business processes(BETAKIT)

CEO Waldron says the funding will support strategic hiring across Tray.io’s team, as well as continued investment in product development.

Today in acquisitions: Vocaprep, Race Roster(BETAKIT)

Over the past few weeks, two companies have been acquired by overseas firms. Here’s the latest on Canada’s movers and shakers.

The best Software as a Service (SaaS) companies of the 2010s decade(TECHREPUBLIC)

Thousands of SaaS companies provide cloud services to customers all over the world, but some stood out from the crowd during the decade that started with 2010.

Canadian SaaS investment skyrockets by over 200 percent in 2019(BETAKIT)

A new report from Ottawa-based accelerator L-Spark has found Canadian SaaS companies received a cumulative $5.13 billion in capital invested in 2019.

Box looks to balance growth and profitability as it matures(TECHCRUNCH)

Box CEO Aaron Levie says the goal moving forward is to find better balance between growth and profitability.

This Google trend is changing the SaaS SEO landscape(FORBES)

Software-related search results have been heavily reweighted.

Coconut Software raises additional $6.5 million CAD in Series A funding(BETAKIT)

Saskatoon-based startup Coconut Software has raised an additional $6.5 million CAD in what it is calling a Series A2 round.

Loom raises $30M Series B led by Sequoia to grow its work communications and video platform(TECHSTARTUPS)

Unlike Slack that lets you send emails or typing up a long message, Loom lets you communicate faster with colleagues or even customers by recording and narrating a short video over the phone.

This debut venture firm, backed by an Argentine conglomerate, is investing $60M in far-flung US startups(TECHCRUNCH)

Notably, Animo does not have plans to invest in Latin American companies, though it has backed a number of Latin American founders in the U.S.

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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