S|W: The SaaS Weekly – Key issues for SaaS financing

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

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AccessNow gets $2.7 million from federal government for accessibility platform(BETAKIT)

AccessNow will use the investment to open up the technology’s functionality, pursue community partnerships, in addition to new features that the startup plans to announce later on.

CRV hires Anna Khan as a general partner focused on enterprise(TECHCRUNCH)

Khan joins from Bessemer Venture Partners where she’s served as a vice president since 2016.

12 key issues for SaaS startups seeking financing(FORBES)

The most notable SaaS companies occupied seven of the top 10 verticals by venture capital deal activity recently, and three of the top 10 by investments.

Invixium raises $4.5 million CAD in in debt financing for biometric security solution(BETAKIT)

Invixium’s solution consolidates data capture devices and software that provide precise audit trails of access and meaningful analytics to businesses, in order to increase productivity and security.

Monday.com raises $150M at $1.9B valuation as its revenue more than doubles in 2018(CRUNCHBASE)

The firm’s fresh $150 million Series D values it at $1.9 billion, a multiple of its preceding $550 million post-money valuation set during its mid-2018 Series C.

Unpacking DoorDash’s $410M Caviar acquisition(TECHCRUNCH)

The decacorn’s decision to drop $410 million in cash and stock on an asset that Square had spent around $90 million on was nearly confusing.

SaaS startup Vymo raises $18 Mn Series B funding(INC42)

The investment was led by Emergence Capital. Existing investor Sequoia India also participated in the round.

Rockport Networks receives $2.9 million loan from FedDev Ontario(BETAKIT)

Ottawa-based SaaS startup Rockport Networks has received a $2.9 million loan from the federal government’s FedDev Ontario program, to help commercialize its autonomous networking solution.

Catalyst raises $15M from Accel to transform data-driven customer success(TECHCRUNCH)

The company had previously raised $3 million from NYC enterprise-focused Work-Bench and $2.4 million from True Ventures. Both firms participated in this new round.

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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