The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe.
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Following significant growth, Polar spins out ad product into standalone business (BETAKIT)
The move follows a year of exponential growth for the company’s programmatic solutions division (now Nova), which Gupta said experienced revenue growth of 331 percent in 2020.
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Axonify acquires digital learning platform MLevel (BETAKIT)
Following the deal, MLevel’s employees will work under Axonify, including the majority of MLevel’s leadership.
Google and the age of privacy theater (WIRED)
The demise of surveillance capitalism has been greatly exaggerated.
Hootsuite Enterprise attains security designation to provide services to US government agencies (BETAKIT)
Hootsuite said in an announcement that FedRAMP designations “translate to greater confidence in security” due to their “rigorous standards.”
The pandemic is giving startups a shot at replacing teachers with technology (REST OF WORLD)
Latin America’s education sector has long been under economic threat. Founders see an opportunity.
Vendasta files for public listing on the Toronto Stock Exchange (BETAKIT)
Saskatoon-based Vendasta has filed its preliminary long-form prospectus to go public on the Toronto Stock Exchange.
Launchtrip raises $4.7 million CAD seed round as tourism industry eyes pent-up demand for travel (BETAKIT)
“Group travel has always been on the periphery of the travel industry, so an innovative company is needed to solve this complex problem.”
Google pledges US$7B investment to create jobs in U.S. (BNN BLOOMBERG)
Google announced a US$7 billion investment in the U.S. that will create at least 10,000 new jobs this year, a drop from the US$10 billion it promised it would invest in 2020 before the pandemic swept the country.
After bootstrapping its way to profitability, Maropost acquires Neto for $58 million CAD (BETAKIT)
The CEO said the company has doubled its annual growth each year since its founding and is currently generating $50 million in annual revenue.
Tata Consultancy Services to expand Montréal presence with new hub, 500 hires (BETAKIT)
Once complete, the move will triple the company’s Montréal headcount.
Could Canada’s trade agreement with the U.S. derail plans to regulate social media platforms? (TORONTO STAR)
Barry Appleton, a lawyer and expert on the North American Free Trade Agreement, said that Canada “really got ourselves in deep, deep, deep trouble” with Chapter 19.17 of the trade agreement.
AppDirect lands $54.8 million loan from Quebec to expand presence in Montréal (BETAKIT)
The province expects the move to create 730 new jobs in the city over the next five years.
3 tips for SaaS founders forecasting their next fundraise (BETAKIT)
In a recent webcast, Sage Intacct’s David Appel spoke with Dave Kellogg and Mihir Jobalia about their forecasting tips for founders ready to raise.
BetaKit Live: Leading Through Change (BETAKIT)
Entrepreneurs, business leaders, and members of the Canadian tech community join for a panel conversation on leading through change Tuesday, March 30.