S|W: The SaaS Weekly – SaaS stocks come back to life

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!

Former eBay exec Bryan Murphy joins Breather as new CEO(BETAKIT)

Breather founder and previous CEO Julien Smith will remain with the company as chairman of the board.

Veeam raises $500 million to grow its data management platform globally(VENTUREBEAT)

The round was led by Insight Venture Partners, with participation from the Canada Pension Plan Investment Board (CPPIB).

Rubrik raises $261 million Series E, valuation now over $3 billion(ZDNET)

The cloud backup company says it will use the funding to bolster product development and launches throughout 2019.

Byju’s buys Osmo for $120M to add blended learning to its $4B digital education business (TECHCRUNCH)

The immediate plan post-acquisition will see a huge increase in content for the Osmo platform, while the price of the hardware — which currently ranges from $99-$189 — may also be reduced to help grow the audience beyond its current base.

LogiSense announces former OpenText CMO Adam Howaston as new CEO(BETAKIT)

Howaston replaces former CEO Flavio Gomes, who will move to the role of executive chairman, where he will oversee customer support, sales, and marketing efforts.

Bringg raises $25 million to facilitate last-mile deliveries (VENTUREBEAT)

The funding was led by Siemens-backed global venture firm Next47, along with existing investors including Salesforce Ventures, Aleph VC, OG Ventures, Cambridge Capital, Coca-Cola, Ituran, and Pereg Ventures.

WhereiPark acquires GarageHop to expand digital parking service across North America (BETAKIT)

WhereiPark offers its parking marketplace in Seattle, Los Angeles, San Francisco, Chicago, Boston, Toronto, Washington D.C. and Portland.

SaaS stocks are coming back to life (TECHCRUNCH)

Nasdaq’s BVP Emerging Cloud Index measures the performance of a portfolio of 45 SaaS stocks. Like much of the tech world, and the stock market in general, the final quarter of 2018 was not terribly kind. The good news is that there are signs of life.

Zipwhip raises $51.5M in Series D funding (FINSMES)

Zipwhip, which enables companies to communicate with their customers via text messaging, raised the funding from Goldman Sachs Private Capital Investing group and others.

Campaign Monitor acquires email enterprise services Sailthru and Liveclicker (TECHCRUNCH)

With this acquisition, the CM Group now has 500 employees and 300,000 customers.

From Kopi to a cool mil: Event marketplace Delegate raises US$1 million (E27)

Delegate plans to use the money to invest in its SaaS platform and overseas expansion.

WorkJam acquires secure chat platform Peerio (BETAKIT)

With Peerio, WorkJam can provide employees with three secure modes of communication: live chat, channels, and messaging.


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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