S|W: The SaaS Weekly – Wattpad’s new deal


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!

Communitech launches service to help startups with international hiring(BETAKIT)

Communitech is launching a new service to help Canadian companies hire international sales employees and accelerate growth in global markets.

Why Flexport built a slick Slack SaaS for shipping(TECHCRUNCH)

“Make their metrics your metrics” is one of Flexport CEO Ryan Petersen’s mantras.

St. John’s-based Verafin closes massive $515 million in financing(BETAKIT)

Verafin, a financial crime management company based in St. John’s, Newfoundland and Labrador, has closed a record-setting $515 million CAD in equity and debt recapitalization.

Enterprise cloud startup Astronomer raises $5.7M seed funding to make it easy to manage and scale Apache Airflow clusters in the cloud(TECHSTARTUPS)

This investment further validates Airflow’s worldwide momentum and Astronomer’s success in designing and operating Astronomer Cloud, the fastest growing multi-tenant Airflow as a Service platform.

Online platform for neighbourhoods Nextdoor launches in Canada(BETAKIT)

San Francisco-based Nextdoor is officially launching its social platform, designed to help neighbourhoods connect and stay informed, in Canada.

Project A, the Berlin-based VC, raises $200M fund to back seed and Series A European startups(TECHCRUNCH)

This brings total assets under management to $486 million (€440 million) and is the third fund Project A has raised.

Wattpad inks first major deal in Latin America(BETAKIT)

Toronto-based Wattpad has announced an exclusive deal with Wise Entertainment, their first major development deal in Latin America.

Sentry raises $40 million for app performance monitoring tools(VENTUREBEAT)

The round builds atop previous rounds totaling $26.5, and it brings the startup’s total raised to nearly $70 million.

Hopper acquires dynamic restaurant pricing app Gravy(BETAKIT)

Montreal-based travel app Hopper has acquired Gravy, a company that used data to provide dynamic pricing for restaurants’ customers.

India’s Darwinbox raises $15M to bring its HR tech platform to more Asian markets(TECHCRUNCH)

An Indian SaaS startup, which is increasingly courting clients from outside the country, just raised a significant amount of capital to expand its business.

Vidyard shakes up pricing model with new “reverse freemium”(BETAKIT)

Vidyard is looking to shake up the typical SaaS pricing model by launching a free option for users of its video-sharing platform.

Indy startup Zylo raises $22.5M to boost marketing, workforce(IBJ)

Indianapolis-based tech startup Zylo Inc.—which helps companies manage their software subscriptions—has secured its third big round of funding, including investments from key names in the world of cloud computing.

Learning platform Peekapak, Nelson partner to deliver educational resources to schools(BETAKIT)

Toronto-based Peekapak is partnering with Nelson to develop educational resources for schools across the country.

Cledara picks up pre-seed funding to help companies manage their SaaS spending(TECHCRUNCH)

In total, the startup has raised $930,000. This includes completing the Techstars London accelerator, along with investment from various angels, such as Chris Adelsbach.

PointClickCare opens developer hub in downtown Toronto(BETAKIT)

Mississauga-based PointClickCare is opening a new office in downtown Toronto, located at the southwest corner of King St. and York St.

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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