The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe.
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Nudge.ai assets acquired less than two months after company shut down(BETAKIT)
Nudge.ai, the Toronto customer relationship management (CRM) startup that shut down in January, has sold a number of its assets to US-based Affinity.
Virtual Gurus raises first venture capital financing(THE GLOBE AND MAIL)
Virtual Gurus, a Calgary-based startup that algorithmically connects businesses with remote workers, has raised its first venture capital funding to build out its client roster across North America and expand its network of freelancers, including those from remote communities.
Uber and Lyft plunge, erasing recent gains after promising profits(TECHCRUNCH)
After the rally came the novel coronavirus and COVID-19. Since then, the two companies have lost huge amounts of ground.
Grubhub launches relief fund to aid restaurants, drivers(PYMNTS)
Grubhub, along with the leaders of major cities, has launched a relief effort for independent restaurants that are adversely affected by the coronavirus, according to a release from the company.
Booking management platform Checkfront closes $9.3 million Series A(BETAKIT)
Victoria-based Checkfront, a B2B SaaS booking management platform for tours and activities, has closed a $9.3 million Series A round.
Stocks fall again, pushing deeper into bear territory as SaaS reaches 1-year lows(TECHCRUNCH)
All major American indices are now in bear-market territory, having shed the requisite 20% from recent highs.
Microsoft, Google, and Zoom are trying to keep up with demand for their now free work-from-home software(VOX)
As companies and schools move to online work, workplace software is put to the test.
Report: Canadian VC investments set record in 2019 as tech sector dominates(BETAKIT)
Canadian venture capital investment reached new heights in 2019 with a record $6.2 billion CAD invested over 539 deals, according to the CVCA.
Data sharing and open source software help combat COVID-19(WIRED)
Scientists are rapidly analyzing genetic samples from infected patients and sharing the data. But to move too fast is to risk making mistakes.
As remote work booms, Slack stumbles(TECHCRUNCH)
As COVID-19 continues to change how many workers and students approach their daily labors, demand for some remote work friendly products is booming.
Oil and gas intelligence startup Validere raises $20 million CAD
AI and IoT startup Validere has raised $20 million CAD ($15 million USD) in Series A funding to help create supply chain efficiencies in the energy industry.
