S|W: The SaaS Weekly – Shifting benchmarks

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!


BROUGHT TO YOU BY SAGE INTACCT:


Top Hat launches free version of platform as universities move to online learning (BETAKIT)

Top Hat launching a free version of its platform to help professors whose work is being disrupted by the COVID-19 pandemic.


RECOMMENDED BY SAGE INTACCT:

[Live webcast] CFO 3.0 Breakthrough Finance

In Canada, 7 in 10 financial decision-makers are responsible for driving digital transformation in their business. It has never been more important for Finance Leaders to stay informed with the latest trends impacting their role, company, and industry.

Join us for this live webcast as Finance experts discuss how the responsibilities of the CFO have evolved and how they are playing a key role in leading their businesses during a disruptive and ever-shifting landscape.


Changing SaaS startup benchmarks in the COVID-19 era (TECHCRUNCH)

The performance metrics were designed to bucket SaaS startups into quality cohorts based on their performance, giving founders and other investors a measuring stick for startup results.


Give-a-Seat adapts charity platform to promote Quebec products during COVID-19 (BETAKIT)

Montréal-based Give-a-Seat, a charity startup that sells tickets to local events, is adapting its platform to promote local products during COVID-19.


SingleOps raises $6M (ATLANTA BUSINESS CHRONICLE)

The funding will primarily be used for hiring across teams — including in software engineering, customer success and sales — SingleOps President Taylor Gould said.


Today in funding: Provision Analytics, Ackroo, MergeBase, Obie.ai (BETAKIT)

Four Canadian startups have announced fresh funding rounds to fuel their growth. Here’s the latest on who raised.


Vida Health raises $25M, Particle Health brings in $12M and more digital health funding (MOBIHEALTHNEWS)

Also: Dascena closes $50 million for diagnostic algorithms; Scopio Labs collects $16 million Series B to expand digital microscopy business.


Foodora to close operations in Canada, citing highly saturated market (BETAKIT)

Foodora in Canada said it has been unable to reach a sustainable level of profitability in Canada and cannot continue operations.


Platypus raises €2.3 million to help companies reduce staff turnover (EU STARTUPS)

The company will use the investment to accelerate its early-stage growth and customer traction.


Bus.com taps Maxie Lafleur as CEO as startup modifies offering during COVID-19 (BETAKIT)

Montreal-based Bus.com, which has created an online platform for bus rentals, has appointed Maxie Lafleur as the startup’s chief executive officer.


Equity Shot: 1% is the new “growth” (TECHCRUNCH)

The gist is that big corp SaaS did fine in Q1, but there are varying levels of concern regarding the future.


Minister Joly says details on RDA funding expected soon, discusses federal support of tech sector (BETAKIT)

BetaKit spoke with Minister of Economic Development Mélanie Joly about how the new capital for RDAs will affect the tech sector amid COVID.



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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.