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.

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

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


Rubrik raises $180M to power cloud data management growth(ZDNET)

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


Salesforce launches AppExchange partner program and $100 million platform fund(VENTUREBEAT)

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


Xee raises $13.1M(PEHUB)

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


Pythian raises $15 million from BDC Capital for European expansion(BETAKIT)

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


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

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


Accel leads $54 million funding into facilities management platform ServiceChannel(VENTUREBEAT)

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


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

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


Deck Commerce raises $2M in funding(FINSMES)

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


SaaS considerations for insurers(PRESSOFFICE)

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 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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