S|W: The SaaS Weekly – SaaS with benefits

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!

Collage raises $5 million from Diagram to sate insurance industry’s appetite for digital solutions(BETAKIT)

Collage will use the funding to continue development of its all-in-one HR platform and pursue insurance partnerships.

Email delivery platform Mailgun spins out from Rackspace, raises $50M in financing(TALKINCLOUD)

This financing round was led by Turn/River Capital with participation from Scaleworks and Rackspace. The funding will help accelerate Mailgun’s product roadmap and expand customer support.

Finaeo beta launches digital assistance platform for insurance advisors(BETAKIT)

Finaeo said its platform provides insurance advisors with an AI-enabled digital assistant and sales coach informing advisors of upsell and cross-sell opportunities.

Small businesses are embracing SaaS for cloud deployments, survey says(BIZTECH)

Almost every SMB is expected to have launched at least one Software as a Service cloud application by the end of 2017, according to a Techaisle survey.

Hootsuite acquires New York-based LiftMetrix to help customers measure social marketing ROI(BETAKIT)

This marks Hootsuite’s second acquisition this month.

Sofdesk raises CDN$3M in Series A funding(FINSMES)

Sofdesk, provider of a sales acceleration platform, has received the funding from EnerTech Capital and BDC Venture Capital.

Flash forward to SaaS success(ITPROPORTAL)

SaaS providers are looking for smarter storage solutions to serve as the foundation of their application stack.

Roadmunk raises $1.5 million to help companies visualize their product roadmap(BETAKIT)

The round was co-led by Golden Venture Partners, Felicis Ventures, and Garage Capital. BDC Capital, which previously invested in the company, also participated in the round.

153 SaaS jobs announced for Dublin in four companies(SILICONREPUBLIC)

The companies PressReader, Looker, ThinkSmart, and ArtofUs will be moving operations to Dublin from North America and Europe, creating 153 jobs in the process.

AirMap, an airspace management platform for drones, raises $26 million from Microsoft, Qualcomm, others(VENTUREBEAT)

The Series B round was co-led by Microsoft Ventures, with participation form Qualcomm Ventures, Airbus Ventures, Rakuten, Sony, Yuneec, General Catalyst, and Lux Capital.

Absolute launches new product and appoints new VP of sales(BETAKIT)

Absolute has launched Application Persistence, a new product meant to help IT and security leaders with endpoint management.


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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