The SaaS Weekly is a weekly newsletter covering the major SaaS news from Canada and around the globe.
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Flashfood launches with Longo’s in Toronto to alleviate food insecurity(BETAKIT)
The company ran a pilot with London-based Farm Boy in January, and said that they’ve diverted over 1,200 meals from a landfill.
SaaS: What happened to the “prosumer” model?(MEDIUM)
According to Clement Vouillon of Point Nine Capital, the prosumer segment is very attractive due to its market size with tens of millions of potential customers, but the challenges which come with it quickly become obvious.
Singapore startup Anchanto raises funding to expand e-commerce logistics platforms in Asia(E27)
Anchanto’s funding round was led by beauty products distributor Luxasia Group and existing investor transcosmos inc. Japan.
Attendease raises seed round led by 500 Startups Canada(BETAKIT)
Attendease’s platform is targeted to corporate event teams for the planning and execution of events.
DocuSign taps Microsoft Azure for Canadian cloud(TALKINCLOUD)
DocuSign said that the Azure partnership will give it data centers across two locations (Toronto and Quebec City) in Canada, ensuring that the personally-identifiable information (PII) stays in the country.
Kerala-based healthtech startup Good Methods Global raises funding from Accel Partners(INC42)
This takes Good Methods Global’s total fundraise, to date, to $9 million. The company plans to use the funding towards fuelling sales, product adoption and engineering, and acquiring talent.
Why negative churn is such a powerful growth mechanism(TOMTUNGUZ)
Negative churn is an incredibly attractive characteristic of a SaaS company because it means that customer accounts are like high-yield savings accounts.
Lightspeed launches Lightspeed Analytics to give retailers insights and recommendations on sales, inventory(BETAKIT)
The solution will provide retailers with insights and recommendations into core business components including sales, inventory, employee performance, and customer behaviours
Private equity seduced by software-as-a-service companies(FORBES)
Private equity suitors are giving strategics a run for their money in the hunt for SaaS targets.
Video analytics start-up Vidooly raises $1.4 million from Gujarat Venture Finance(MINT)
Vidooly plans to use the funding towards expanding its platform in Indonesia, Thailand, Malaysia and Vietnam, with an ultimate goal to enter China by next year.
StackAdapt partners with Contobox by Crucial Interactive to provide advertisers interactive video capabilities(BETAKIT)
StackAdapt’s customers will gain access to Contobox Video, which will help advertisers “enhance” their videos, and better understand how viewers are engaging with their product and their message.
Uber offers taxi service, not software as a service, says EU court official(COMPUTERWORLD)
According to Advocate General Maciej Szpunar, Uber’s platform falls under EU regulations for transport, not information services, so can be required to obtain the necessary licences and authorizations under national law.
Askuity’s platform aims to bridge the data gap between retailers and suppliers(BETAKIT)
By accessing data from all the stores they sell in across North America, suppliers can gain actionable insights on what products are selling well.
