S|W: The SaaS Weekly – Spun out

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

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Two Hootsuite employees claim to have been fired following ICE contract revelations (BETAKIT)

Hootsuite has reportedly laid-off two employees who spoke out against a contract connected to the US Immigration and Customs Enforcement.

Cloud stock mania comes with eerie echoes of dot-com boom and bust (BLOOMBERG)

Sure, there’s a compelling explanation for Snowflake’s blockbuster IPO and similar success stories. But haven’t we seen this movie before?

All signs point to Montréal as home of Sonder’s second headquarters (BETAKIT)

US-based and Montréal-born travel tech startup Sonder is looking to increase the company’s presence in its hometown.

IBM will spin off legacy business to focus on cloud and AI services (THE VERGE)

IBM is splitting into two public companies, with a spin-off handling the firm’s legacy IT infrastructure work, allowing IBM to focus on new high-margin businesses, particularly cloud services and AI.

SaaS companies in 2020 have raised one-fifth of 2019 numbers: report (BETAKIT)

The total amount of funding Canadian SaaS companies pulled in in 2020 account for only 22 percent of what the $5.13 billion raised in 2019.

Chargebee raises $55 Mn in Series F funding to expand footprint in international markets (ENTREPRENEUR)

The company had last raised USD14 million in Series F funding round led by Steadview Capital in August 2019.

What today’s tech founders can learn from companies that survived the 2008 financial crisis (BETAKIT)

Wave CEO Kirk Simpson and Axonify CEO Carol Leaman share lessons learned from 2008 so today’s founders can fight back against #COVID19.

BroadbandTV looking to go public on TSX through $172 million IPO (BETAKIT)

BBTV Holdings, the holding company of Vancouver-based media-tech company BroadbandTV, is looking to raise $172.4 million CAD in an initial public offering.

Congress agrees: Big Tech is broken (NEW YORK TIMES)

Lawmakers release a scathing report on Big Tech. Here’s what you need to know.

Shopify working with Google on YouTube e-commerce trials (BETAKIT)

Shopify is reportedly working on an integration with YouTube that could see the video-sharing platform become an e-commerce hub for parent company Google.

Twilio set to acquire cloud customer data startup segment for $3.2 billion (FORBES)

With cloud companies booming during the pandemic, one of the category’s recent public-company success stories is set to make a splash by spending billions to acquire one of its up-and-comers.

Today in funding: Course Studio, Olive, goPeer, WeUsThem, Prospre (BETAKIT)

Five Canadian startups have announced fresh funding rounds to fuel their growth. Here’s the latest on who raised.

Facebook, Twitter brace for possible election-night chaos (BNN BLOOMBERG)

Facebook Inc. Chief Executive Officer Mark Zuckerberg, like many Americans, expects election night to be confusing. He’s worried it could also be violent.

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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