S|W: The SaaS Weekly – The market is so volatile, WeTransfer says IP-‘no’

Plus: Clio alum launches legaltech startup Lawbrokr to match consumers with lawyers.

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

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OMERS Ventures reinvests in Deliverect as part of $150 million USD Series D round (BETAKIT)

OMERS Ventures Managing Partner Jambu Palaniappan told BetaKit that Deliverect has a “massive macro opportunity” and “a really compelling vision.”


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ServiceTitan has filed confidentiality for an IPO (exclusive) (BUSINESS INSIDER)

ServiceTitan has filed confidential paperwork to go public and is aiming for an $18 billion IPO.

Daylight Automation acquires SaaS startup Proof Data Technology (BETAKIT)

“I think they’re going to complement everything,” Daylight’s co-founder and chief growth officer Art Harrison told BetaKit. “Bringing that kind of talent and knowledge into the organization is only going to help us.”

Goldman leads Fever’s $227 million round ahead of possible IPO (BNN BLOOMBERG)

Live events platform Fever raised $227 million in a funding round led by Goldman Sachs Group Inc., a sign that post-pandemic live events can attract investor interest.

Ziva Dynamics acquired by Silicon Valley’s Unity Technologies (BETAKIT)

Ziva’s technology was used to create the characters within Ninja Theory’s Senua’s Saga: Hellblade II, and titles like Game of Thrones and Godzilla vs. Kong.

The stock market is so volatile that one European tech firm has canceled its IPO (CNBC)

Dutch file-sharing company WeTransfer says it has canceled plans for an initial public offering due to “volatile market conditions.”

MintList secures $2.76 million to fuel growth of online auto sales platform (BETAKIT)

The startup’s all-equity seed funding round, which closed in late October, was led by Toronto-based StandUp Ventures.

Canadian online travel upstart Hopper takes on Airbnb with new home-rentals offering (THE GLOBE AND MAIL)

In October, BetaKit reported that Montréal-based Hopper planned to introduce more travel products to its repertoire, including a short-term home rental business that would put it up against the likes of Airbnb. This week, Hopper did just that, adding short-term home rentals to its app-based offering.

Toronto shattered venture funding records in 2021 as city grew accustomed to billion-dollar quarters (BETAKIT)

Investment in Toronto tech grew 400 percent in 2021, according to data from briefed.in. In Western Canada, British Columbia’s tech sector reached new heights last year, and Calgary saw strong results as deal volume in the region almost doubled. Elsewhere, Montréal saw its tech funding grow steadily, while Faire and Applyboard accounted for 85 percent of all capital raised by Waterloo Region startups in 2021.

Domestika raises $110M on a $1.3B valuation to expand its learning community for creative types (TECHCRUNCH)

Its current valuation of $1.3 billion is a huge hike on its last round, in October 2021, when Domestika closed a modest $20 million Series C on a $350 million valuation, according to PitchBook data.

Clio alum launches legaltech startup Lawbrokr to match consumers with lawyers (BETAKIT)

Armed with $785,000 CAD in fresh financing, the new Toronto-based startup aims to tackle what one of its investors describes as “a universal problem”—how to find the right legal help.

CaptivateIQ raises $100M at a $1.25B valuation to help companies design customized sales commission plans (TECHCRUNCH)

The San Francisco-based startup, which has developed a no-code SaaS platform to help companies design customized sales commission plans, says it “more than tripled” its revenue compared to the year prior, although it declined to provide hard revenue figures.

A win for HomeTeamLive: streaming sports company lands $450,000 pre-seed funding (BETAKIT)

HomeTeamLive has scored a more than $450,000 pre-seed round for its artificial intelligence-powered cameras that film amateur sports leagues and stream the game to viewers at home.

Estonia gets its sixth unicorn as Veriff raises $100m from Tiger (SIFTED)

Co-led by Tiger Global and Alkeon, the round values the company at $1.5bn.

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Josh Scott

Josh Scott

Josh Scott is a BetaKit reporter focused on telling in-depth Canadian tech stories and breaking news. His coverage is more complete than his moustache.

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