S|W: The SaaS Weekly – Remote work as a service

The SaaS Weekly is a weekly newsletter covering 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!


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BetaKit

Nudge.ai assets acquired less than two months after company shut down

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.


RECOMMENDED BY CALGARY ECONOMIC DEVELOPMENT:

Virtual Gurus raises first venture capital financing

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.


TechCrunch

Uber and Lyft plunge, erasing recent gains after promising profits

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

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.


BetaKit

Booking management platform Checkfront closes $9.3 million Series A

Victoria-based Checkfront, a B2B SaaS booking management platform for tours and activities, has closed a $9.3 million Series A round.


TechCrunch

Stocks fall again, pushing deeper into bear territory as SaaS reaches 1-year lows

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

As companies and schools move to online work, workplace software is put to the test.


BetaKit

Report: Canadian VC investments set record in 2019 as tech sector dominates

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

Scientists are rapidly analyzing genetic samples from infected patients and sharing the data. But to move too fast is to risk making mistakes.


TechCrunch

As remote work booms, Slack stumbles

As COVID-19 continues to change how many workers and students approach their daily labors, demand for some remote work friendly products is booming.


BetaKit

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.



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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.