S|W: The SaaS Weekly – the one word you never use

The SaaS Weekly is a weekly newsletter covering the 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!

Phemi raises $10 million, partners with South Africa-based insurer(BETAKIT)

Phemi develops big data solutions for enterprises, which include built-in privacy, governance, and enterprise-grade management.

Diabetes management platform Glooko raises $35 million(TECHCRUNCH)

Toronto-based Georgian Partners led the round, along with other new investors Insulet Corporation and Mayo Clinic.

Shopify redesigns POS as part of focus on bricks-and-mortar merchants(BETAKIT)

The redesign aims to help merchants create more personalized sales experiences for customers.

RegTech startup ClauseMatch raises £1.25M seed(INDICIUMVENTURES)

RegTech, which provides a SaaS platform for smart document management for banks and enterprises, raised the round from investors including Speedinvest, an Austria-based fund.

Going for gold: Five traits of successful SaaS businesses(TALKINCLOUD)

If you’re running a SaaS company, keep these five things in mind as you work to grow your business. If you’re an investor, examine SaaS companies through this lens to assess whether they’re headed for success, or whether it’s time to make some adjustments.

Shutterstock acquires Toronto-based Flashstock for $65 million(BETAKIT)

“Shutterstock’s global reach, commitment to technology and investment in its platform make it the perfect home for Flashstock,” said Grant Munro, founder and CEO of Flashstock.

Platform9 snares $22M in new funding for SaaS management push(SDXCENTRAL)

The latest investment round included funds from new sources in Canvas Ventures and Hewlett Packard Enterprise.

Q4 lays off 13 people at its Toronto office(BETAKIT)

“As our business evolved, it became clear that we needed to analyze and realign our talent globally to execute on this new client engagement model.”

The one word sales people should never use during a SaaS demo(FORBES)

The word no sales person should ever use when giving a demo is, “if.” Bet you weren’t expecting that.

Backupify, a Datto company, announces next generation SaaS backup for Office 365(ECMCONNECTION)

The Backupify 2.0 release provides the most comprehensive protection for Office 365 and enables IT managers to ensure more effective business continuity across the enterprise.

Waterloo-based Bonfire raises $11 million to automate the procurement process(BETAKIT)

The company says that it helps 170 organizations automate more than $12 billion of annual procurement decisions.


Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.

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