S|W: The SaaS Weekly – WhatsApp exodus

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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!


Trulioo appoints Matt Schatz as new CRO (BETAKIT)

Vancouver-based global identity verification startup Trulioo has announced that Matt Schatz is joining the company as chief revenue officer (CRO).


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Why San Francisco-based VC Hustle Fund Is Betting Big on Canada

“At Hustle Fund, we’re convinced that Canada is positioned well to produce some of the largest, category-defining companies on the planet. We’re eager to fund these companies, and excited to partner with Hockeystick to identify these opportunities!” – Eric Bahn (General Partner)

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Six Canadian tech companies eyeing IPOs amid investor craze for digital stocks (THE GLOBE AND MAIL)

2021 could be the busiest year for TSX tech IPOs since the 2008 financial crisis.


Edmonton-based Jobber raises $76 million CAD growth equity round (BETAKIT)

Jobber has raised $76 million CAD ($60 million USD) in a growth equity round led by US investment firm Summit Partners.


Dating app Bumble reveals steady revenue growth, losses in IPO filing (REUTERS)

Bumble Inc’s plans to go public come at a time when companies are seeking to capitalize on what has been the strongest IPO market in two decades.


EdTech startup Prodigy Education raises $159 million CAD Series B round (BETAKIT)

Oakville, Ont.-based EdTech startup Prodigy Education has raised a $159 million CAD Series B round of financing.


The studio turning online teen fiction into Hollywood hits (THE VERGE)

Young authors who start using Wattpad to experiment with their own writing could soon find themselves navigating the intricacies of Hollywood at a time of industry revolution.


Top Hat continues to amass traditional publishers with acquisition of Fountainhead Press (BETAKIT)

Toronto-based EdTech software startup Top Hat has acquired traditional textbook publisher, Fountainhead Press.


Apple to open developer academy, provide funding for minority entrepreneurs (WALL STREET JOURNAL)

“We are all accountable to the urgent work of building a more just, more equitable world,” Apple Chief Executive Tim Cook said. “And these new projects send a clear signal of Apple’s enduring commitment.”


Ledger one of “small number” of additional Shopify merchants found to have been affected by 2020 data breach (BETAKIT)

Ledger has revealed it was part of Shopify’s 2020 data breach, which exposed data from 292,000 of its own customers.


The obscure yet powerful tenant-screening industry is finally getting some scrutiny (THE MARKUP)

Reforms have been in the works for years, but a looming eviction crisis has made them urgent.


FreshBooks founding CEO Mike McDerment steps down as executive director Don Epperson takes over (BETAKIT)

Mike McDerment, founder and longtime CEO of FreshBooks, has stepped down and is being replaced by board member and executive director Don Epperson.


WhatsApp delays privacy changes amid user backlash (NEW YORK TIMES)

The company faced a backlash from users who worried the changes made the messaging service less secure.


Shopify VP Loren Padelford on four things e-commerce entrepreneurs need to keep in mind for 2021 (BETAKIT)

Shopify VP Loren Padelford shares four things e-commerce entrepreneurs need to keep in mind for 2021.



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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.