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WCAS has entered into a definitive agreement to purchase the e-learning and performance management software company from Boston-based growth equity firm Silversmith Capital Partners.
If you don’t prepare ahead of time, you could get stuck not producing the key SaaS metrics that investors want to see when they’re considering investing in your next round.
Join Sage Intacct on Thursday, May 6 as Douglas Soltys, Editor-in Chief at BetaKit, moderates a dynamic discussion between Laura Lenz, Partner at OMERS Ventures, and David Appel, Head of Software and SaaS at Sage Intacct, on the importance of SaaS metrics and reporting to scale your business.
Alphawave to join growing ranks of Canadian ‘unicorns’ with IPO, investment from BlackRock, Janus (THE GLOBE AND MAIL)
With a valuation of US$4.5-billion, the Toronto company has rapidly emerged as a critical supplier to global semiconductor makers.
SmartRent to go public through $2.2B SPAC deal (CRUNCHBASE)
The Scottsdale, Arizona-based company is merging with Fifth Wall Acquisition Corp. I, the special purpose acquisition company created by prominent proptech venture capital firm Fifth Wall.
A spokesperson for Axonify confirmed the controlling stake and size of the investment to BetaKit, adding that it gives the startup a valuation of $438 million CAD ($350 million USD).
IPO plan of TikTok maker ByteDance is set back by US-China tensions, sources say (SOUTH CHINA MORNING POST)
TikTok and Douyin owner ByteDance faces difficulties in restructuring to meet US and China regulations, sources said. TikTok is also being sued for billions over the use of children’s data.
How to become the next Shopify: Tap one of its directors (THE GLOBE AND MAIL)
Shopify’s Gail Goodman is to join the board at Edmonton-based home-service platform Jobber.
Why China is pioneering the next generation of social media (REST OF WORLD)
AIG CEO Andy Tian says the super-apps of the future will be “much more diverse, much more fragmented, much more interesting.”
Despite small decline in deals, Waterloo Region remained a healthy startup ecosystem in 2020 (BETAKIT)
Waterloo Region startups raised $689.6 million for all of 2020 — up 107 percent over 2019. An additional report from Hockeystick also indicated a potential investing gap for BC’s early-stage startups.
The company, which has 25 million registered users, already offers online legal documents and virtual attorney meetings to businesses and individuals in the U.S., U.K. and parts of Europe.
Dejero plans to use the fresh funding to fuel the growth of its live video and real-time data solutions in global markets.
Netflix’s dominance starts to slow as rivals gain (NEW YORK TIMES)
The streaming service reported the addition of four million new customers for the first quarter, below the six million it had forecast.
Michelle Zatlyn, co-founder, COO, and president of Cloudflare, spoke at Collision about how Toronto’s strength in artificial intelligence and hardware prompted the company’s expansion.