S|W: The SaaS Weekly – SaaS sprawl

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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!


BetaKit

Shopify reports $127.4 million total revenue in Q1 2017, up 75% YoY

Shopify’s monthly recurring revenue was $20.7 million, up 62 percent compared to $12.8 million during the same time last year.


ZDNet

Rubrik raises $180M to power cloud data management growth

The round was led by IVP, with participation from existing investors Lightspeed Venture Partners and Greylock Partners.


Venture Beat

Salesforce launches AppExchange partner program and $100 million platform fund

Salesforce is looking to take its AppExchange to the next phase to better address the increased demand for subscription-based services within the enterprise.


PE Hub

Xee raises $13.1M

Xee, a France-based connected car services platform, raised the funds from Bridgestone EMEA, Total and Cofip, with participation from existing investor Via ID.


BetaKit

Pythian raises $15 million from BDC Capital for European expansion

This is Pythian’s third round of financing from BDC in its 20 years of operation.


Talkin Cloud

SaaS sprawl: Proliferation of best-of-breed cloud apps complicates integration

SaaS has moved beyond standalone software functionality to a business platform for mission-critical applications, according to Informatica CIO Graeme Thompson.


Venture Beat

Accel leads $54 million funding into facilities management platform ServiceChannel

ServiceChannel, a facilities management platform for companies to procure and manage building maintenance services, raised the round from Accel.


BetaKit

Universe co-founder launches latest venture, Growlabs, with $3 million in funding

Growlabs emerged out of a problem that founder Ben Raffi experienced at Universe: growing B2B sales at scale.


FinSMEs

Deck Commerce raises $2M in funding

Deck Commerce, a SaaS ecommerce operations plaform, raised the round from St. Louis, Missouri-based Arsenal Capital Management.


ITweb

SaaS considerations for insurers

Stuart Blyth, director at SilverBridge, discusses the considerations that need to be taken before implementing SaaS solutions.



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Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer at BetaKit. As a fourth-year journalism student who has written primarily about entrepreneurship, Amira has developed a growing interest in Canadian startup, business, and tech news. In her free time, Amira enjoys reading, baking and watching legal shows.