S|W: The SaaS Weekly – Slack takes a slide

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!


BetaKit

TheScore raises $40 million to scale media, sports betting businesses

TheScore, a Toronto-based digital media and sports reporting company, has secured a $40 million private placement from Fengate Asset Management.


LATEST JOBS

Loopio – Marketing Manager, Demand Generation

SHIFT – Growth Manager

HiMama – Full Stack Engineer

See more jobs and post your own on Jobs.BetaKit (powered by Jobbio).


TechCrunch

BigID announces $50M Series C investment as privacy takes center stage

With California’s privacy law coming on line January 1st and dozens more in various stages of development, it’s clear that governments are taking privacy seriously, which means companies have to as well.


BetaKit

Slack shares slide as company projects slower growth, larger-than-expected losses

Shares in workplace messaging company Slack have fallen as the company released its first financial report since direct listing on the New York Stock Exchange in June.


Scoop raises $60 million for carpool service

Brothers Rob and Jon Sadow cofounded Scoop four years ago to shift the paradigm by partnering with businesses to encourage carpooling among employees, and they’re making progress.


BetaKit

New Brunswick-based Gemba Software Solutions secures $2.9 million

The round was led by Halifax-based venture capital Build Ventures, which on Wednesday announced the initial close of its Fund II.


Edtech startup 3rdFlix Visual Effects raises funds from Exfinity Ventures, others

The startup plans to use the capital raised to build content for 6-12th grade students.


BetaKit

Clio raises $330 million CAD Series D funding round

Clio, the cloud-based legal technology company that helps lawyers manage their firms, has raised a $330 million CAD ($250 million USD) Series D from US-based investors, TCV and JMI Equity.


TechCrunch

APIs are the next big SaaS wave

APIs tend to also offer metered billing upfront. For these and other reasons, APIs are a distinct subset of SaaS.


BetaKit

Beekeeping tech startup Nectar raises $1.1 million CAD seed round

Nectar, a Montreal-based startup offering a management platform for commercial beekeepers and crop growers, has raised a $1.1 million CAD seed round.


App engagement Analytics startup Neura raises $16 million

Neura develops an app engagement analytics software that analyzes how users respond to certain app features such as push notifications.


BetaKit

BooknBrunch wins $30,000 at CNE Innovation Garage Pitch Competition

The startup, which allows users to organize and host book and food experiences, won $5,000 in the first round of the competition, and $25,000 in the finals.


Smart energy IoT startup 75F raises $18M led by Breakthrough Energy Ventures, Oil and Gas Climate Initiative

Funding from this Series A round will be used by the smart energy IoT startup to scale operations, invest in R&D, and upgrade the 75F locations.


BetaKit

AI startup My Intelligent Machines raises $2.6 million seed round

Montreal-based My Intelligent Machines (MIMS), which is developing a platform to help life sciences companies maximize their R&D and production activities, has closed a $2.6 million seed round.



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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.