S|W: The SaaS Weekly – Wattpad’s making money moves

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!


BetaKit

Wattpad launches monetization model globally

Toronto-based Wattpad has announced that two of its monetization initiatives, Wattpad Paid Stories and Wattpad Premium, are now available to all of its users.



TechCrunch

On a growth tear, work trip SaaS TravelPerk adds $60M to its Series C

Investors increasing the size of their Series C commitment are Kinnevik, partners of DST Global, Target Global, Felix Capital, Sunstone, and LocalGlobe.


Microsoft gets boost in SaaS revenue and pushes Teams platform

It is still a long way behind AWS, but the Microsoft cloud is the company’s big money-maker. It is also seeing Teams establish itself as a platform.


BetaKit

Rival Technologies raises first financing round totalling $8.5 million CAD

Rival Technologies, a voice, video, and chat marketing solution based in Vancouver, has raised $8.5 million CAD, claiming to have doubled its venture capital funding target.


TechCrunch

ContractPodAi scores $55M for its ‘AI-powered’ contract management software

ContractPodAi, a London-based startup that has developed what it describes as AI-powered contract lifecycle management software, is disclosing $55 million in Series B funding.


BetaKit

Saskatoon-based Vendasta raises $40 million CAD in growth capital

Cloud commerce platform for small and medium businesses (SMBs) Vandasta announced that it has raised $40 million in private equity growth funding.


SaaS unicorn Druva acquires US-based tech startup CloudLanes

The acquisition by Druva will enhance its technology capability in the area of cloud data protection and management.


TechCrunch

AT&T signs $2 billion cloud deal with Microsoft

A person with knowledge of the contract pegged the combined deal at a tidy $2 billion, a nice feather in Microsoft’s cloud cap.


BetaKit

Flybits secures $45 million CAD Series C for context-as-a-service platform

oronto-based Flybits, a context-as-a-service platform for mobile apps, has closed a $45 million CAD ($35 million USD) Series C round.


Singapore startup raises $143 million, and becomes second in a week to set sights on Aussie market

Founded in 2012, Near uses artificial intelligence to make data on people and places actionable for its clients through Software-as-a-Service platforms.


TechCrunch

Contract management startup Icertis becomes unicorn with $115M new round

Icertis said it would use the fresh capital to expand its technology platform to address wider use cases.


Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.

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