S|W: The SaaS Weekly – Joining the unicorn club

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

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Lane raises $10 million CAD Series A as it sees increased demand for workplace communication technology (BETAKIT)

Toronto-based proptech startup Lane has raised a $10 million CAD Series A funding round.

Vendr raises $4M from David Sacks’s Craft Ventures to reduce SaaS bills (TECHCRUNCH)

Vendr is back with more news, namely that it has raised $4 million more, this time led by Craft Ventures, the venture capital shop associated with well-known tech denizen David Sacks.

SaaS startup Postman joins the unicorn club with $150 million fund-raise (LIVEMINT)

Postman plans to invest the capital to hire new tech talent and double its team size in the coming year.

Enterprise software startup jSonar raises $50 million USD from Goldman Sachs (BETAKIT)

jSonar, an enterprise software startup that has developed a database security platform, has raised $50 million USD in its first institutional round of funding.

Cyber risk management startup Axio raises new funding (SILICONANGLE)

The amount of the Series A1 round was not disclosed. It was led by Fin Venture Capital and IA Capital Group and included previous investor NFP Ventures.

Seattle construction tech startup HeadLight raises $25M to grow photo-based inspection software (GEEKWIRE)

Construction technology startup HeadLight announced a $25 million investment round from Viking Global Investors to help scale its photo-based inspection software.

Invixium raises $3 million amid growing demand for touchless biometrics fever detection (BETAKIT)

Invixium, a Toronto-based biometric security products manufacturer that focuses on access control and workforce digitalization, has closed $3 million.

Quolum announces $2.75M seed investment to track SaaS spending (TECHCRUNCH)

Company founder Indus Khaitan says that he launched the company last summer pre-COVID, when he recognized that companies were spending tons of money on SaaS subscriptions and he wanted to build a product to give greater visibility into that spending.

16 important tips for launching a SaaS platform (FORBES)

If your tech company is opting to go the SaaS route, keep in mind these 16 considerations shared by the members of Forbes Technology Council.

Tech sector reiterates calls to expand wage subsidy as Canadian government asks for feedback (BETAKIT)

Canada’s Department of Finance has called for feedback on the Canada Emergency Wage Subsidy, as the program has seen less uptake than anticipated.

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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