S|W: The SaaS Weekly – Spotify goes public


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

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Wattpad announces Dexter Ong as Wattpad Studios’ head of Asia(BETAKIT)

Ong will work with entertainment studios in Asia to turn Wattpad stories into TV shows, movies, print, books, and digital projects.

SalesLoft soars with $50 M Series C (TECHCRUNCH)

SalesLoft, an Atlanta-based startup that helps companies manage the contact phase of the sales process, raised the funding from Insight Venture Partners, with participation from LinkedIn and Emergence Capital.

Spotify goes public at $30 billion; When will artists see any of that? (FORBES)

The move has sent the fortunes of Spotify’s founders and investors soaring in lockstep. So will the musicians on whose backs the service was built see a similar windfall?

Vancouver-based Procurify acquires VendorBase(BETAKIT)

The acquisition helps Procurify, a spend management software for companies, move from a purchasing software to a single hub where all purchases and spending can be tracked on one platform, which it calls its Smart Spend hub.

Stripe launches new subscription-billing service aimed at SaaS companies (GEEKWIRE)

Stripe said the new version of its subscription-billing services is meant to help both fledgling and established SaaS companies get paid on time and without incident.

Can SaaS principles transform political campaigns as we know them?(TECHCRUNCH)

New startups are rethinking how elections are funded, and who ultimately has the power in politics.

Healthy Pets raises $500,000 for veterinary telemedicine service (BETAKIT)

The company launched with $500,000 in seed funding from Arlene Dickinson’s District Ventures Capital.

Rubrik launches SaaS platform Polaris for data management applications (CHANNELDAILYNEWS)

Rubrik said the first data management application debuting on Rubrik Polaris is Polaris GPS, which features an interactive global map that visualizes all applications and data contained across physical, virtual, and cloud platforms.

BetterCloud closes $60M funding round(FINSMES)

BetterCloud, which provides a SaaS operations management platform, raised the funding from Bain Capital Ventures, with participation from existing investors.

OneEleven and Aviva Canada announce five startups accepted into insurtech growth program (BETAKIT)

Some of the selected startups include Maple, which enables access to non-emergency healthcare by connecting patients with physicians 24/7, and MapYourProperty, an intelligence platform that provides key real estate and land development information.

Zendesk hits $500M run rate, launches enterprise content management platform (TECHCRUNCH)

Zendesk’s new platform, Guide Enterprise, is designed to provide large customer service organizations with a knowledge base and a content management platform for editorial planning and review.


Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.

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