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