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.



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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.