The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe.
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OpenText to buy data security firm Carbonite for $1.88 billion CAD(BETAKIT)
Waterloo-based software company OpenText has announced plans to acquire American data backup and protection firm Carbonite in a $1.88 billion CAD deal.
How Toronto Cat Rescue is using tech to build a Tinder for foster cats(BETAKIT)
Ahead of the Digital for Good Tech Jam, leaders from Toronto Cat Rescue and Big Brothers Big Sisters of Canada explained how they hope to use tech to support their charities.
Freshworks raises $150M Series H on $3.5B valuation(TECHCRUNCH)
The company has been building an enterprise SaaS platform to give customers a set of integrated business tools, but CEO and co-founder Girish Mathrubootham says they will be investing part of this money in R&D to keep building out the platform.
Estonian startup ProcurementFlow raises €600,000 to grow its SaaS for manufacturing(TECH.EU)
CEO of ProcurementFlow Tarmo Saidla is something of a procurement expert, having previously led sourcing and supply chain analysis at the global industrial group ABB.
Former Apple engineers raise $53M to take on Intel and AMD in data centers(BIZJOURNALS)
Santa Clara-based Nuvia says it will make data venter processors that are faster, more power efficient and more secure than what currently exists.
1Password closes $265 million CAD in first round of institutional funding(BETAKIT)
Toronto-based password manager 1Password has closed its first institutional funding round at a total of $265 million CAD ($200 million USD).
London-based property technology startup Plentific raises €29.1 million in Series B funding to accelerate growth(EUSTARTUPS)
Plentific, a leading European property technology startup based in London, has successfully secured €29.1 million in a Series B funding round to accelerate its ambitious growth plans.
Here’s how to make your SaaS marketing strategy generate revenue(ENTREPRENEUR)
Optimizing for conversions is just the tip of the iceberg.
Ottawa-founded Threekit raises $20 million USD for product visualization platform(BETAKIT)
Threekit, an Ottawa-based product visualization software platform for e-commerce brands, has closed a $20 million Series A round.
Georgia SaaS startup raises $4.5M in Series A round(BIZJOURNALS)
A Woodstock-based SaaS startup in the restaurant and hospitality space has almost completed its $5 million round.
