S|W: The SaaS Weekly – Shopify goes remote

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

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Shopify moving “vast majority” of employees to permanent remote work (BETAKIT)

Shopify has announced that it it is now a “digital by default” company, meaning the vast majority of its employees will permanently work remotely.


Last chance to register: CFO 3.0 Breakthrough Finance webcast

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What the hell, SaaS valuations? (TECHCRUNCH)

That particular basket of stocks is the best thing we have to understand how public investors are valuing SaaS companies at any given moment.

Belgian SaaS startup Hello Customer raises €6 million to grow customer feedback platform, with eye on US expansion (TECH.EU)

The company’s last funding was a €2 million seed round in 2018, raised from Dovesco, Seeder Fund and a group of business angels.

Microsoft, Dream Legacy Foundation partner to support underrepresented founders (BETAKIT)

Microsoft for Startups Canada is partnering with Dream Legacy Foundation to support underrepresented startup groups in Canada.

5 ways to reduce customer churn for SaaS in a recession (BUSINESS 2 COMMUNITY)

As their customers are presented with changing markets and deal with the uncertainty that comes with current events, SaaS companies must be prepared for a potential wave of churn.

Pennylane is an accounting service that improves your financial visibility (TECHCRUNCH)

With Pennylane, you get a real-time view of your financial data and you don’t have to work with an accounting company — the startup hires accountants for you.

Following layoffs, Sensibill secures $5 million in debt financing (BETAKIT)

“Like many businesses, we’ve had to make some tough calls in recent weeks,” the company said.

Atlanta SaaS startup raises $6M (BIZ JOURNALS)

SingleOps, an Atlanta-based business management software startup that caters to the green and outdoor services industry, has raised $6 million in a Series B round led by growth equity firm Five Elms Capital.

Group of Shopify volunteers create free COVID-19 contact tracing app (BETAKIT)

A group of Shopify volunteers have created COVID Shield, an app that offers COVID-19 exposure notifications, aimed at helping support contact tracing efforts.

BetterCloud scores $75M Series F as SaaS management needs grow (TECHCRUNCH)

While CEO David Politis acknowledges the gravity of the current situation, he also recognizes that giving companies a way to manage their SaaS usage is more pertinent than ever.

Health care software startup TimeDoc raises $5.7M (CHICAGO INNO)

Chicago startup TimeDoc Health, a health care startup that creates virtual care management software for hospitals, raised $5.7 million in new funding.

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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