S|W: The SaaS Weekly – Hootsuite needs a new head owl

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!

Shopify launches email product to do battle with old partner Mailchimp(BETAKIT)

Shopify announced on Tuesday that the e-commerce company is expanding into the email marketing space.

An early look at eFounders’ next batch of enterprise SaaS startups(TECHCRUNCH)

European startup studio eFounders recently reached a portfolio valuation of $1 billion across 23 companies. And the company doesn’t want to stop there, as it is currently launching three new companies and products.

Coveo raises $227 million CAD to pursue “aggressive” growth in AI e-commerce market(BETAKIT)

On Wednesday, Coveo announced it has raised $227 million CAD in a later stage investment round led by OMERS Capital Private Growth Equity Group.

SaaS startup Bigfinite raises $15M Series B financing from Atlantic Bridge and Honeywell Ventures to disrupt manufacturing analytics(TECHSTARTUPS)

Bigfinite, a SaaS startup that provides simple solutions to complex needs in biotech and pharma, has closed $15 million in financing to support the market expansion of Bigfinite’s SaaS platform.

Ryan Holmes steps down as CEO of Hootsuite(BETAKIT)

CEO of Vancouver-based unicorn Hootsuite, Ryan Holmes, has announced he is stepping down from the role.

Comtravo raises $23 million for business trip management(SKIFT)

Comtravo, a business travel booking startup, has raised a $23.4 million (€21 million) Series B round of venture investment.

Today in funding ($27.8 million): CTO.ai, MindBeacon(BETAKIT)

Two Canadian startups have announced fresh funding rounds to fuel their growth. Here’s the latest on who raised how much and from whom.

Seattle startup Ganaz raises cash for workforce management software aimed at farmers(GEEKWIRE)

Ganaz just raised $945,000 to build a platform that helps companies manage workers in the agriculture and manufacturing sectors.

Digital identity company 2Keys acquired by Interac(BETAKIT)

2Keys, an Ottawa-based leader in digital identity, has been acquired by Interac. Terms of the deal were not disclosed.

How B2B SaaS powers enterprise digital transformation(CMSWIRE)

What exactly is B2B SaaS, why is it crucial for digital transformation and how can companies better leverage B2B SaaS solutions?

Diagram-backed Collage acquired by People Corporation(BETAKIT)

Winnipeg-based People Corporation has announced its acquisition of Collage, a cloud-based HR and benefits startup based in Toronto.

Productiv raises $20 million to track SaaS engagement(VENTUREBEAT)

Since launching in April 2019, Productiv says it’s signed up clients like Tricentis, Entelo, Cheetah Digital, Equinix, Fox, HashiCorp, Uber, LiveRamp, and Blue Diamond Growers.

Mylo raises $10 million Series A with support from National Bank, Desjardins(BETAKIT)

Montreal-based FinTech startup Mylo has raised $10 million in Series A financing for its saving and investing.

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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