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.

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Wattpad launches monetization model globally(BETAKIT)

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.

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

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(COMPUTERWEEKLY)

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.

Rival Technologies raises first financing round totalling $8.5 million CAD(BETAKIT)

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.

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

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.

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

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(YOURSTORY)

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

AT&T signs $2 billion cloud deal with Microsoft(TECHCRUNCH)

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

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

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(SMARTCOMPANY)

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

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

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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