S|W: The SaaS Weekly – Owls, unicorns, and narwhals (maybe)

The SaaS Weekly is a weekly newsletter covering the 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!

Hootsuite refutes questions of unicorn status following Bloomberg report(BETAKIT)

A Bloomberg report asserts that Hootsuite’s valuation sits between $700 million and $750 million. The company says it’s a unicorn.

Booksy, the mobile-first booking app for appointment-based businesses, raises $4.2M(TECHCRUNCH)

The round was led by OpenOcean, with participation from Australian early-stage investor Investible, Poland’s Nomad Fund, and other angel investors.

L-SPARK announces startups joining winter 2017 cohort to set foundation for scale(BETAKIT)

The startups were selected by representatives from VC firms and companies including iNovia Capital, Amazon, ScaleUP Ventures, and MaRS IaF.

Large businesses recognise the importance of SaaS(ITPROPORTAL)

Three quarters of large businesses now consider SaaS tools an essential part of their business, according to a new report by GoCardless, based on a poll of more than 1,000 senior decision makers.

TouchBistro partners with Thinking Capital to launch restaurant financing(BETAKIT)

The partnership is meant to help restaurants secure financing that can be used for operating capital or business growth.

Belong raises $10M in Series B funding(FINSMES)

The predictive outbound hiring platform raised the funds from Sequoia Capital India, with participation from existing investor Matrix Partners India.

SaaS is back, what you need to know(CANADIANINVESTOR)

SaaS company chatter is becoming more frequent again as businesses begin to understand that cloud computing is clearly becoming one of the game changing technologies that will affect how organizations operate.

LANDR announces new mastering engine(BETAKIT)

LANDR, which offers an automated audio mastering platform, has announced the release of its latest mastering engine, Lydian.

3 key takeaways from the first 14 cloud startups in Salesforce’s incubator(FORBES)

Salesforce Incubator’s next cohort starting in April 2017 will focus on artificial intelligence applied to customer relations, and leveraging the company’s AI platform.

Entrepreneurs: Why you should ignore early-stage SaaS metrics(VENTUREBEAT)

Alex Rosen, managing director at IDG Ventures explains what matters most for early-stage SaaS investors.

Slack fixes bug that granted access to accounts and messages(BETAKIT)

A security flaw that recently surfaced within the popular enterprise chat platform Slack has been resolved.


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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