S|W: The SaaS Weekly – SaaS vendor lock-in is here


The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe.

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Focus FS to have global reach following partnership with Germany-based Dräger(BETAKIT)

Dräger acquired a stake in Focus FS through an undisclosed investment amount, and plans to help the Atlantic Canada startup sell its software solutions.

Clumio raises $51M to bring enterprise backup into the 21st century(TECHCRUNCH)

Clumio, which is coming out of stealth, wants to modernize enterprise data protection by eliminating the on-premise hardware in favor of a flexible, SaaS-style cloud-based backup solution.

Nudge Rewards raises $12 million CAD(BETAKIT)

Nudge Rewards stated that this capital will help scale its go-to-market capacity and “drive innovation in employee experience management.”

CloudBees readies software delivery management, Jenkins X via SaaS(INFOWORLD)

The SaaS services are an attempt to commercialize and expand its CI/CD tools.

FanSaves wins Renfrew startup competition, securing $100,000 investment(BETAKIT)

FanSaves, a SaaS company that wants to help organizations increase engagement among their fanbase, has won the second annual RC100 competition.

Y Combinator-backed Narrator wants to become the operating system for data science(TECHCRUNCH)

All Narrator clients use the same consistent format to absorb and manage their data, saving startups time and heaps of money.

1Password reports 300 percent growth in B2B revenue over last two years(BETAKIT)

1Password, a Toronto-based password manager, recently announced its B2B revenue has risen more than 300 percent over the last two years.

Berlin-based proptech startup Zenhomes raises €13 million for its digital tenant management platform(EUSTARUPS)

Founded in 2016, the startup has raised €13 million in a Series A funding round from new and existing investors, bringing the total raised by the startup to €19 million.

DisGovr Canada partners with DMZ to enable procurement between government, startups(BETAKIT)

DisGovr Canada, a platform helping tech companies connect with the government’s public sector, has partnered with Toronto-based accelerator the DMZ to bring its quarterly GovTech Summit to Toronto.

Rope me in, tie me up – SaaS age vendor lock-in is here(DIGINOMICA)

The promise of SaaS roped us in. But is your software modern, if your lock-in is old school? Here’s 13 ways SaaS vendors can tie us to a bad customer experience – and what to do about it.

Wattpad tracks 80 million monthly users, 23 percent increase since 2018(BETAKIT)

The company reported that its users now spend an average of 22 billion minutes a month reading the platform’s original stories.

Business management startup vCita acquires email marketing tool WiseStamp(TECHCRUNCH)

Just a couple of months after disclosing a $15 million round of funding, vCita, the business management SaaS for SMEs, has made an acquisition.

One year after $17 million raise, LoginRadius moves headquarters to Vancouver(BETAKIT)

The SaaS company, previously headquartered in Edmonton, said the move is a result of its growth, which involved nearly doubling in size within the last year.

Legaltech startup MinuteBox acquires Conductor, launches new management tools(BETAKIT)

Toronto-based MinuteBox, a corporate record, minute book, and legal entity management platform, has purchased Conductor, a document generation platform for law firms and legal departments, from NetPleadings.

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.

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