S|W: The SaaS Weekly – TealBook takes the reins

Plus: Reddit files confidentially to go public.

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

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TealBook looks to become global leader in supply chain data with $50 million in new funding (BETAKIT)

Since 2015, TealBook has been building its procurement intelligence platform to provide supply chain data to buyers. Using machine learning and artificial intelligence, TealBook’s goal is to help companies more easily source and access their suppliers’ data.


Toronto startup Buf Technologies raises more than $100-million with 18 employees, no revenue – but big plans to change how software is built (THE GLOBE AND MAIL)

Backers include who’s who of venture capital such as Tiger Global and Lightspeed Venture Partners.


Rockport Networks raises $61.9 million CAD, appoints Marc Sultzbaugh as co-CEO (BETAKIT)

The new capital was announced with Rockport’s appointment of Marc Sultzbaugh as its new co-CEO.


India’s ShareChat raises $266 mln for valuation of $3.7 bln (REUTERS)

The new investments, part of ShareChat’s third funding round this year, was led by Alkeon and saw participation from Singapore’s Temasek Holdings and Moore Strategic Ventures, among others, the company said in a statement.


Alongside acquires CareerBeacon from Brunswick News (BETAKIT)

Moncton, New Brunswick-based human resources tech startup Alongside has acquired jobs site CareerBeacon from Irving family-owned Brunswick News. Meanwhile, fellow Atlantic Canadian software firm LeadSift, which is based in Halifax, has been acquired by IDG Communications.


How the global “phenomenon” of impact investing is heating up in Canada (BETAKIT)

In a recent BetaKit Live, Blair Miller, Managing Partner of the TELUS Pollinator Fund for Good, Chenny Xia, the CEO of Pollinator Fund portfolio company Gotcare, and Amit Bouri, the CEO of the Global Impact Investing Network (GIIN), looked back on how impact investing has developed globally, the growth of impact investing in Canada, and what it means to scale impact.


Software startup Airtable hits $11 billion valuation in latest funding, adds Salesforce, Michael Dell as investors (CNBC)

Enterprise software company Airtable has raised a $735 million Series F funding round that boosts its valuation to $11 billion.


Secoda secures $2.75 million for “Google-like” data search tool (BETAKIT)

Golden Ventures, GFC, Soma Capital, Union Capital, Garage Capital, and YCombinator participated in Secoda’s seed round that closed at the end of October.


India’s most valuable startup Byju’s in talks to go public via SPAC deal: sources (BLOOMBERG)

The online education provider Byju’s, India’s most valuable startup, is in advanced discussions to go public through a merger with one of Churchill Capital’s special-purpose acquisition companies, according to people familiar with the matter.


WFHomie raises $1.9 million CAD to help companies better engage, retain employees (BETAKIT)

Toronto-based software startup WFHomie has secured $1.9 million CAD in seed financing to fuel the growth of its employee engagement solution, becoming the first investment from Ryan Holmes and Manny Padda’s new fund LOI Venture.


Reddit files confidentially to go public (TECHCRUNCH)

Reddit has not yet determined how many shares to offer or the price range for its initial public offering.


SVB report finds Canadian venture activity reached new heights in 2021 (BETAKIT)

Canada is set to finish off 2021 with a new record for venture capital deals, according to Silicon Valley Bank’s State of the Markets report for the fourth quarter of 2021.


Armed with $1.2 million, Eva plans to bring ride-sharing, delivery software to new markets (BETAKIT)

The Montréal-based software startup offers what it claims is “the first ride-share and delivery platform built on blockchain.”


Waste and recycling platform Rubicon going public in $2 billion SPAC merger (WALL STREET JOURNAL)

Investors in the software company include actor Leonardo DiCaprio, KKR co-founder Henry Kravis and billionaire investor Paul Tudor Jones.



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Josh Scott

Josh Scott

Josh Scott is a BetaKit staff writer who loves to tell Canadian business and tech stories. His coverage is more complete than his moustache.

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