The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe.
Subscribe to S|W using the form at the bottom of this page to ensure you don’t miss out on the most important SaaS news every week!
Hubba reportedly lays off half its staff following March pivot (BETAKIT)
Hubba’s CEO Ben Zifkin called the layoffs a “bold and unconventional move” as part of a “much larger growth strategy.”
SAAS NORTH recommends: Checkout the features at SAAS NORTH 2018 (SAASNORTH)
SAAS NORTH’s Investor Program provides 1:1 meeting opportunities with SaaS founders and investors. See which investors are attending SAAS NORTH!
U of Guelph, Left investing $2.13 million in RightMesh project improving Northern connectivity (BETAKIT)
The research program will support the implementation of the RightMesh platform and the development of community-identified and led mesh-based applications, including messaging, emergency response, and environment and health monitoring applications.
Data startup PredictHQ raises $10M for its global events API (SILICONANGLE)
PredictHQ operates a cloud platform that aggregates information about events with potential business significance.
Partnerize raises $9M in additional funding (FINSMES)
The Partnerize Partner Management Platform is an end-to-end, SaaS-based solution for forming, managing, analyzing, and predicting the future results of partner marketing programs using artificial intelligence.
German consumer insight startup quantilope raises $8 million (TECH.EU)
Hamburg-based B2B SaaS consumer insight platform quantilope raised the funding from Dawn Capital, with participation from existing investors Senovo and Surplus.
Chicago-based Bounteous acquires ecommerce agency Demac Media (BETAKIT)
Demac Media will now become Bounteous Canada.
The 8 features all enterprise SaaS applications must have (TECHTARGET)
Slick UIs and fast setup make great first impressions, but enterprise managers know they’re the tip of the iceberg. Unsexy features like interoperability are the real foundation.
Slack’s CTO shares how it became the fastest-growing business app in history (BETAKIT)
“If there’s 600 million knowledge workers today, we’d be happy with, like, 500 million.”
HashiCorp scores $100M investment on $1.9 billion valuation (TECHCRUNCH)
The round was led by IVP, whose investments include AppDynamics, Slack and Snap.
Andreessen Horowitz leads $154 million investment in corporate travel startup TripActions, at over $1 billion valuation (VENTUREBEAT)
Participating investors include Lightspeed Venture Partners, Zeev Ventures, and SGVC.
L-SPARK announces four SaaS startups joining fall 2018 cohort (BETAKIT)
“Each of the companies will work with our team for the next six months to increase their revenues 10 times and become global leaders in today’s SaaS industry.”
Datacoral raises $10M Series A for its data infrastructure service (TECHCRUNCH)
The round was led by Madrona Venture Group, with participation from Social Capital, which also led its $4 million seed round in 2017.
Transit raises $17.5 million Series B to enable multimodal transportation (BETAKIT)
The round was led by Alliance Ventures, with participation from Jaguar Land Rover’s InMotion Ventures; and returning investors Accel and Real Ventures.
Accel leads $25 million investment in team whiteboarding platform RealtimeBoard (VENTUREBEAT)
The RealtimeBoard platform serves as a virtual canvas that lets teams draw up ideas and visualize concepts, and it can be used by anyone from marketers and product managers to designers and engineers, who can use it for planning, sketching, annotating, flow charting, and more.