S|W: The SaaS Weekly – Salesforce’s $100 million Canadian VC fund

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!

Salesforce launches $100 million Canadian venture fund (BETAKIT)

In February 2018, Salesforce said that it wanted to commit $2 billion to growing its business in Canada.

IFTTT raises $24 million, led by Salesforce Ventures (VENTUREBEAT)

The funding will be used to expand IFTTT’s platform in automotive, retail, and hospitality sectors.

Hockeystick launches database tracking Canada’s startup ecosystem (BETAKIT)

The free database includes almost 7,000 Canadian tech companies and over 1,000 active funders.

Fitbit will use Google Cloud to make its data available to doctors (TECHCRUNCH)

The plan is to offer a centralized stop for doctors to monitor both electronic medical records and regular monitoring from Fitbit’s devices.

Meta SaaS acquired by Flexera (SILICONHILLNEWS)

With its latest acquisition of Meta SaaS, Flexera customers can now identify more than 32,000 SaaS applications such as Salesforce, Office 365, Slack, and Box, and manage them more easily.

Flashfood expands to Detroit with Tyson Innovation Lab partnership (BETAKIT)

Flashfood is working with Tyson Innovation Lab to launch flashfoodbox, a direct-to-consumer box containing produce that will now be delivered in the Detroit Area.

Workplace, Facebook’s enterprise version, now has 52 SaaS apps and bots, opens up for more integrations (TECHCRUNCH)

Workplace, the more secure, closed enterprise version of Facebook that competes against the likes of Slack, Microsoft Teams, and Hipchat as a platform for employees to communicate, says that it has tens of thousands of organizations using its platform.

What does the future hold for SaaS companies? (FORBES)

All great future SaaS companies will be data co-ops. The number one missed opportunity of all of the big incumbent SaaS companies is that they are not data co-ops.

Indonesian SaaS platform Sleekr officially acquires Talenta (E27)

Following the acquisition, all of Talenta employees are set to join Sleekr, while founder and CEO Joshua Kevin is set to lead the company’s marketing and new business division.

Upbound grabs $9M Series A to automate multi-cloud management (TECHCRUNCH)

The funding was led by GV, along with numerous unnamed angel investors from the cloud-native community.

Former Kik exec Eran Ben-Ari named chief product officer at Top Hat (BETAKIT)

Ben-Ari will oversee product strategy, development, and expansion, with a focus on finding new revenue opportunities.


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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