S|W: The SaaS Weekly – Defying gravity

SaaS

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!


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ApplyBoard raises $100 million CAD, claims $2 billion ‘unicorn’ valuation (BETAKIT)

Kitchener-Waterloo-based ApplyBoard has raised a $100 million CAD Series C round of funding, with the company claiming post-money valuation at $2 billion CAD.


RECOMMENDED BY SAGE INTACCT:

[Live webcast] Growing a SaaS Company in a Shifting Landscape

The decisions a Finance Leader at a SaaS company must make haven’t changed, but how they decide and with what resources has become more complex. Tracking cash, churn, and DSO is critical to understanding your runway today. Then, forecasting how to bounce back and where to invest is the next of many growth opportunities to consider.

Join Bruce Croxon, partner at Round13 Capital and co-host of BNN’s, The Disruptors, and Matt Hodgson, CFO at Vidyard, as they address the challenges and opportunities of a shifting landscape in the SaaS industry.


B2B SaaS growth may be on a path to recovery (TECHCRUNCH)

SaaS revenue, often sold on year-long contracts, is generally expected to hold up reasonably well in the current downturn.


With $73 million CAD, Symend closes one of the largest Series B rounds in recent Alberta history (BETAKIT)

Symend has raised $73 million CAD in Series B funding for its customer engagement platform designed for financially at-risk customers.


Health care software startup TimeDoc raises $5.7M (CHICAGO INNO)

Chicago startup TimeDoc Health, a health care startup that creates virtual care management software for hospitals, raised $5.7 million in new funding.


As sales return, CareGuide looks to rehire furloughed staff following COVID-19 layoffs (BETAKIT)

CareGuide made the decision to temporarily lay off approximately one-third of its employees in early April, but in recent weeks began to see an uptick in sales.


SaaS startup Vernacular.ai raises $5.1 Mn Series A funding (INC42)

Bengaluru-based SaaS startup Vernacular.ai has raised $5.1 Mn in Series A funding led by Exfinity Ventures and IAN Fund.


Tehama raises $14 million CAD as it looks to address demand for remote working solutions (BETAKIT)

Tehama, a startup that provides virtual desktops on the cloud for professional teams, has raised $14 million CAD in Series A funding.


SaaS stocks defy gravity amid pandemic, record job losses (TECHCRUNCH)

This week shares of SaaS and cloud companies reached new record highs as investors bid their equities higher following an earnings cycle that came in better than some expected.


PointClickCare acquires analytics solution Co-Pilot from Consonus Healthcare (BETAKIT)

Ontario-based SaaS startup PointClickCare has acquired Co-Pilot, an analytics solution developed by Consonus Healthcare.


SaaS-based startup CodeNinja.ai raises seed funding from EaSyndicate (VC CIRCLE)

CodeNinja.ai Inc., which operates the software-as-a-service (SaaS) based no-coding platform CodeNinjai.ai, has raised seed funding from angel investors.


Online grocery startup Goodfood to open new fulfillment centre in Toronto (BETAKIT)

Montréal-based Goodfood Market, an online grocery and meal-kit startup, has signed a lease for a new first fulfillment centre in the Greater Toronto Area.


Hub Security raises $5M in Series A funding (FINSMES)

Hub Security, a Tel Aviv, Israel-based cybersecurity startup, closed a $5m Series A funding round.


Bliinx raises $1 million CAD pre-seed round to help map business relationships digitally (BETAKIT)

Bliinx, a Montréal-based startup that aggregates interactions with contacts into Microsoft Office 365, has raised a $1 million CAD pre-seed round of financing.



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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.