S|W: The SaaS Weekly – Epic fail

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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!

Millions.co raises $12.6 million CAD for social commerce platform for athletes (BETAKIT)

Millions.co launched in beta in April, and went live in May.

Intuit confirms $12B deal to buy Mailchimp (TECHCRUNCH)

Per a release, Intuit thinks that the deal “advances” its “powering prosperity around the world, and its strategy to become an AI-driven expert platform.”

Magnet Forensics acquires evidence software company DME Forensics in $9 million deal (BETAKIT)

The purchase marks Magnet Forensics’ first since it went public on the Toronto Stock Exchange (TSX) in April and third acquisition overall.

Facebook knows Instagram is toxic for teen girls, company documents show (WALL STREET JOURNAL)

Its own in-depth research shows a significant teen mental-health issue that Facebook plays down in public.

Opendoor acquires team from Toronto-based Skylight amid hiring expansion in Canada (BETAKIT)

The digitization of the real estate industry accelerated during the pandemic as the suspension of in-person showings and meetings forced realtors to adapt.

Canva raises at $40 billion valuation — its founders are pledging away most of their wealth (FORBES)

Canva is now one of the world’s most valuable startups after raising $200 million in new funding at a $40 billion valuation.

CruxOCM secures $7.6 million CAD to bolster automation software for energy sector operations (BETAKIT)

After attracting some early customers and achieving strong product-market fit, CruxOCM plans to use the fresh capital to bolster the user experience of its software and take its tech to new verticals.

Copperleaf files to go public, ending summer break for Canadian tech IPOs (THE GLOBE AND MAIL)

The filing follows a torrid 12 months through July in which 14 Canadian tech companies made debuts on the TSX.

PwC Canada acquires Ottawa-based cybersecurity consulting firm Avaleris (BETAKIT)

TOver 30 cybersecurity professionals from Avaleris will be joining the PwC network, according to the announcement.

Halifax’s Proposify receives $5 million to help growth of proposal creation solution (BETAKIT)

The new round, announced September 15, brings CBGF and Innovacorp’s investment in the online proposal solution firm to $13 million over the last year.

The Apple v. Epic decision (STRATECHERY)

The vast majority of Judge Yvonne Gonzalez Rogers decision in Epic v. Apple is both straight-forward and predictable.

Toronto-based Private AI’s language redaction tool attracts $3.15 million in seed funding (BETAKIT)

The company also attracted new investors Shasta Ventures, Hyperplane Venture Capital, and Parliament Angels, a group of early Twilio employees, and Ajay Agrawa, the founder of Creative Destruction Lab

The bitter lawsuit hanging over the Apple Watch’s new swipe keyboard (THE VERGE)

Apple allegedly offered to buy his app; instead, it’s being Sherlocked.

LearnExperts raises $1.25 million in seed funding to accelerate digital training solutions

“We combine AI and human logic to create courses fast, with a built-in advisor, so your courses look like an expert built them.”

Josh Scott

Josh Scott

Josh Scott is a BetaKit reporter focused on telling in-depth Canadian tech stories and breaking news. His coverage is more complete than his moustache.

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