S|W: The SaaS Weekly – Facebook’s loophole to harassment

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!


Thinkific aims to raise $160 million CAD through TSX IPO (BETAKIT)

To date, Thinkific claims it has helped over 50,000 entrepreneurs and businesses earn over $650 million through online courses.


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Dell plans spinoff of $52 billion stake in VMware (WALL STREET JOURNAL)

The company said it intends to use net cash from the dividend to pay down debt.


Kitchener-Waterloo’s Magnet Forensics looks to raise $90 million CAD in IPO (BETAKIT)

The company plans to sell between 5,625,000 and 6,428,571 shares at a price between $14 and $16. This will be the first Waterloo-based IP in 15 years.


TouchBistro hires financial services veteran Samir Zabaneh to lead restaurant software company’s postpandemic revival (THE GLOBE AND MAIL)

Zabaneh has served as CFO for a variety of companies, including Q9 Networks, Fortress Investment Group, Moneris Solutions, Heartland Payment Systems and Element Fleet Management.


BetaKit Live: Diversity in Cybersecurity (BETAKIT)

Wednesday, April 21, BetaKit is proud to present a BetaKit Live panel in partnership with Microsoft Canada focused on this important conversation: What needs to be done to build and support a diverse cybersecurity ecosystem in Canada?


Fortnite-maker Epic completes $1B funding round (TECHCRUNCH)

Best known for the wildly successful battle royale title Fortnite, Epic just announced another $1 billion funding round, featuring a $200 million Sony Group Corporation investment.


Revealed: the Facebook loophole that lets world leaders deceive and harass their citizens (THE GUARDIAN)

Facebook has repeatedly allowed world leaders and politicians to use its platform to deceive the public or harass opponents despite being alerted to evidence of the wrongdoing.


Facedrive provides new information on company operations following OSC request (BETAKIT)

The recent clarifications come in the wake of two reports questioning Facedrive’s valuation, leadership, and purported growth.


Squarespace files S-1, revealing strong subscription increases and a growing commerce business (CRUNCHBASE)

As a private company, Squarespace raised more than $578 million in funding. Among the largest shareholders in the company are Accel, Index and General Atlantic.


QRA Corp secures $3.76 million to meet rising demand for its product engineer software solution (BETAKIT)

The funding round, which QRA classifies as a “pre-Series A,” saw participation from return investor Innovacorp, and new investors Newfund Capital and BDC Capital, through its bridge financing program.


Dear Canadian founders, your time is now! (BETAKIT)

Damien Steel, Managing Partner and Head of Ventures at OMERS Ventures, shares his thoughts on why there’s never been a better time to be a Canadian founder.


Six ways startups can prepare for financial instability before it happens (BETAKIT)

Xero Canada Country Manager Faye Pang shares her top six tips for what small businesses can do to prepare for financial instability.



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Josh Scott

Josh Scott

Josh Scott is a BetaKit staff writer who loves to tell Canadian business and tech stories. His coverage is more complete than his moustache.