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eSentire confirmed to BetaKit that Georgian and CDPQ are buying shares from Warburg Pincus, and once the deal closes the pair will collectively own 35 percent of eSentire.
In this on-demand webinar, Clearco’s VP of Finance, Michael Munroe dives into his finance strategy and roadmap that enabled Clearco to grow by 8x in the last two years.
With Sage Intacct at the center of their tech stack, and integration into other critical systems, Clearco:
Saved over 2,500 hours of manual data entry for the finance team, freeing them up for more fulfilling strategic work;
Leveraged real-time SaaS dashboards and multi-dimensional reporting provide visibility into KPIs for instant insights and better forecasting; and
Helped reduce forecasting variances by over 75%.
The fund marks the firm’s largest fundraise to date and very notably, its 350 employees, including 36 managing directors, represent the largest investment bloc in the fund.
“What the Smooss team has that we don’t have is they have a deep understanding of the passenger service system,” said Frederic Lalonde, CEO and co-founder of Hopper, in an interview with BetaKit.
Canadian tech firms with Ukraine offices struggling to get employees out of country as Russian forces advance (THE GLOBE AND MAIL)
Canadian tech firms with offices and employees in Ukraine are trying to help staff flee the country amid the intensifying Russian invasion, but efforts to get them access to Canada have so far largely gone nowhere. The war has had wide-ranging impacts on Ukraine’s tech ecosystem. Many commonly used products and technologies have Ukrainian roots. The country also houses a booming tech outsourcing sector that has been put at risk by the ongoing conflict.
Salesforce to acquire Traction on Demand (BETAKIT)
Burnaby-based Salesforce consulting firm Traction on Demand is set to become part of Salesforce Professional Services. Traction on Demand is far from the first Canadian startup Salesforce has acquired—the company has previously bought Mobify, Slack, and LevelJump.io.
BlueVoyant nabs $250M to help enterprises nab malicious hackers and stop security breaches (TECHCRUNCH)
BlueVoyant — which provides a mix of proprietary technology, third-party best-in-class cybersecurity tools and professional services — has raised $250 million. It wasn’t the only cybersecurity software company to close a major funding round this week, joining CHEQ and Beyond Identity.
RouteThis touts itself as the leading provider of in-home WiFi connectivity support solutions for internet service providers (ISPs) and smart home brands.
The Philadelphia data analytics startup raised its Series D less than nine months after securing a $150 million Series C round last June.
“In Avanti, we saw an established business with a robust and diversified client base, serving over 15 different industries, [with] low, low churn, steady growth, that was undermanaged or had the potential to be managed to a place of higher growth,” Lalani told BetaKit in an interview.
Thinkific’s revenue, losses up in Q4 (BETAKIT)
Despite the growing losses, Greg Smith, Thinkific’s co-founder and CEO, maintained a positive outlook.
Happier with Zapier (TOP OF THE LYNE)
The product-led growth engine that powered Zapier’s growth from $0-$140M ARR and a $5B valuation with just $1.4M raised.
Founded in 2016, Operto provides property automation and IoT operating system software for the hotel, multi-family, vacation and short-term rental industries designed to manage the post-booking guest experience.
The hard truth about Truth Social (PLATFORMER)
Conservative alternative social networks keep making the same mistakes.
After adjusting its approach due to the pandemic, Montréal-based travel tech startup Busbud sees room to grow south of the equator. The Canadian firm has secured $14 million CAD in equity funding led by Wind Ventures, the corporate venture capital arm of Chilean energy firm COPEC, and acquired Chile-based intercity bus marketplace Recorrido to support its Latin American expansion plans.