S|W: The SaaS Weekly – The Shadow IT problem

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!

Malgosia Green departs Top Hat to take on role as Plenty of Fish CEO (BETAKIT)

Green will start at the company on April 23.

SalesLoft soars with $50 M Series C (TECHCRUNCH)

SalesLoft, an Atlanta-based startup that helps companies manage the contact phase of the sales process, raised the funding from Insight Venture Partners, with participation from LinkedIn and Emergence Capital.

Salesforce working on blockchain product, says CEO Benioff (COINDESK)

While not providing details on the upcoming product, Benioff said that he hopes to “have a blockchain and cryptocurrency solution for Salesforce and for all of our customers.”

Subscription biller Zuora soars 43% following IPO(TECHCRUNCH)

Founder and CEO Tien Tzuo told TechCrunch that he believes “a bet on us is really a bet on an entire shift to a new business model, to a subscription economy.”

Ryan Poissant named COO of Nudge Rewards (BETAKIT)

While at MaRS, Poissant was an advisor to Nudge Rewards and worked closely with the founding team for over five years.

Checkr raises $100M in Series C funding (FINSMES)

Checkr, which provides a compliant background check platform, raised the funding from T. Rowe Price Associates, with participation from existing investors Accel and Y Combinator.

Cybersecurity firm Carbon Black set to join initial public offering parade(SILICONANGLE)


Carbon Black offers an endpoint security platform that enables organizations to take on cyberattacks and deploy prevention strategies for their businesses.

Fleetsmith secures $7.7M investment to manage Apple devices (TECHCRUNCH)

Fleetsmith, a startup that wants to make it easier for companies to manage their Apple devices, raised the funding from Upfront Ventures, with participation from Index Ventures and Harrison Metal.

Businesses are adopting SaaS too fast to properly secure it(TECHREPUBLIC)

Trends like remote work are leading to a rise in SaaS adoption and rampant shadow IT issues, according to a report.

OneEleven and Aviva Canada announce five startups accepted into insurtech growth program (BETAKIT)

Some of the selected startups include Maple, which enables access to non-emergency healthcare by connecting patients with physicians 24/7, and MapYourProperty, an intelligence platform that provides key real estate and land development information.

TravelPerk grabs $21M to make booking business trips suck less (TECHCRUNCH)

TravelPerk, which has built an end-to-end business travel platform, raised the funding from Target Global and London’s Felix Capital.


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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