S|W: The SaaS Weekly – The vital signs of SaaS

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

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Influitive lays off 10 percent of staff as company looks upmarket for growth (BETAKIT)

Influitive has reduced its workforce by approximately one third over the last three years.

Roadie raises $37 million to expand peer-to-peer package delivery service(VENTUREBEAT)

The Home Depot led the oversubscribed round, with Warren Stephens’ and former Alphabet chair Eric Schmidt’s TomorrowVentures and others participating.

TeamSnap, FlipGive announce partnership for youth sports funding platform (BETAKIT)

“Families are forced to sacrifice so much so that their kids can have access to a sport they love,” says Mark Bachman, co-founder and CEO at FlipGive.

Measuring and benchmarking the four vital signs of SaaS (TECHCRUNCH)

SaaS metrics should be to a management team what patient vital signs are to an emergency room doctor: a simple set of universally understood numbers that allow a doctor to quickly know how ill a patient is and what needs fixing first.

Clio opens applications for $100,000 legal tech contest (BETAKIT)

Entrepreneurs interested in applying must design and develop an app that integrates with Clio Manage, the company’s legal practice management software.

Microsoft unveils ‘Azure Sentinel’ to help empower cyber defenders (MOBILESYRUP)

Sentinel will help reduce the noise so defenders can find real threats faster.

Montreal Insurtech Breathe Life raises $4.5 million CAD to accelerate U.S. expansion (BETAKIT)

“The financial world hasn’t changed in about 100 years…that’s created a huge market gap in this segment of the population that doesn’t have life insurance,” says CEO of Breathe Life Ian Jeffrey.

Data startup Narrative raises $3M more (TECHCRUNCH)

The round was led by Glasswing Ventures, with participation from XSeed, Tuhaye, and Revel.

Vancouver’s Cmd raises $19 million CAD Series B led by Google Ventures (BETAKIT)

The $19 million CAD brings Cmd’s total funding across all investment rounds to more than $28 million.

Threads raises $10.5M in funding (FINSMES)

Threads, which provides a cross-platform messaging suite that empowers teams to discuss and make decisions at scale, raised the funding from Sequoia Capital, with participation from executives at Glossier, Stripe, and TaskRabbit, among others.

Acceleprise hiring program director for new Toronto accelerator (BETAKIT)

Acceleprise is looking for a program director that can focus on sourcing founders for its accelerator, build the program itself and create partnerships that can expand Acceleprise “externally within the Canadian B2B, SaaS community.”


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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