S|W: The SaaS Weekly – How fast is enough for SaaS startups?

The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe.

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Calgary-based Communo acquires LocalSolo freelance network (BETAKIT)

The announcement follows Communo’s launch in Seattle in June.

Alain Chesnais joins Receptiviti as chief technology officer (BETAKIT)

Most recently, Chesnais co-founded Trendspottr, which was acquired by ScribbleLive in 2017.

Autodesk agrees to buy PlanGrid for $875 million (TECHCRUNCH)

“The acquisition of PlanGrid will accelerate our efforts to improve construction workflows for every stakeholder in the construction process.”

Hostaway raises $1.9 million to streamline vacation rental management (BETAKIT)

The funding was led by Finland-based venture capital firm Vendep Capital, which focuses on the B2B software space.

How fast is fast enough: Revenue growth in SaaS companies (ITPROPORTAL)

A common question among SaaS business founders is how fast their revenue growth has to be to attract investors and potential acquirers – what does good look like?

Zizoo, a booking.com for boats, sails for new markets with $7.4M on board (TECHCRUNCH)

The funding was led by Revo Capital, with participation from new investors including Coparion, Check24 Ventures, and PUSH Ventures.

Agora raises $70 million to grow its voice, video, and broadcasting SDKs globally (VENTUREBEAT)

Agora, a platform that makes it easier for developers to add voice and video features to their applications, raised its funding from a platform that makes it easier for developers to add voice and video features to their applications.

Edtech startup Knack raises $1.5M in seed funding (FINSMES)

Knack, a peer tutoring platform for college students, raised the funding from Tampa Bay Lightning Owner & Fenway Sports Group Partner, Jeff Vinik, alongside Charles Hudson’s seed fund, Precursor Ventures, Bisk Ventures, and others.

Short-term lender Progressa launches enterprise software solutions (BETAKIT)

The company offers a short-term lending platform for individuals, though this launch represents the release of its enterprise products.

Uber joins Linux Foundation, cementing commitment to open-source tools (TECHCRUNCH)

“Open source technology is the backbone of many of Uber’s core services and as we continue to mature, these solutions will become ever more important,” said Uber CTO Thuan Pham.

School accounting platform KEV Group acquires TRA to accelerate US expansion (BETAKIT)

KEV’s School Cash Suite was developed by school officials to simplify accounting and cash management tasks.

Salesforce makes undisclosed “strategic investment” in Docker, companies will cross-sell MuleSoft and Docker Enterprise (GEEKWIRE)

As part of the new relationship between the companies, Docker and Salesforce’s recently acquired MuleSoft division will cross-sell each other’s products when courting companies that are looking to modernize their software development organizations.


Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.

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