S|W: The SaaS Weekly – Who’s investing in SaaS?

The SaaS Weekly is a weekly newsletter covering the 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!

Rubikloud now using Microsoft Azure to support retailers moving “terabytes” of data to the cloud(BETAKIT)

“We’re at the tipping point for machine learning applications for retailers, and the catalyst to this adoption is elastic cloud computing,” said Rubikloud CEO Kerry Liu.

Hootsuite launches $5 million fund to get more devs building enterprise integrations(BETAKIT)

“Hootsuite’s wide adoption and fast-paced growth is due in large part to the contributions of developers to our ecosystem,” said Matt Switzer, SVP of strategy and corporate development.

Data management startup Rubrik is raising up to $200M on a $1B valuation(TECHCRUNCH)

It’s not clear who will be leading the round but one name that has floated is IVP — the high-profile VC firm that has been a prominent backer of major tech brands like Snap and Twitter.

HR is accelerating adoption of cloud and SaaS technology models(CONSULTANCY)

By 2018, SaaS solutions are set to represent 27% of the HR market, according to a report by tech research and consultancy firm ISG.

SaaS startup Autobix raises seed funding(VCCIRCLE)

Autobix, an auto dealership and workshop management platform, raised an undisclosed seed round from UK-based auto parts maker GardX International.

CrowdRiff announces visual marketing platform for UGC and owned visuals(BETAKIT)

The company also announced that its customer base is expanding into Europe, Australia, and New Zealand.

Dell EMC sells SaaS backup firm spanning to private equity(TALKINCLOUD)

SaaS data protection provider Spanning Cloud Apps has just been acquired by affiliates of Insight Venture Partners from Dell EMC.

US-based OnDeck partners with Lightspeed to give retailers and restaurants access to additional loans(BETAKIT)

OnDeck said it will provide Lightspeed’s users with up to $500,000 term loans and $100,000 lines of credit to scale their businesses.

Singapore startup CarPal raises US$2.75M to help businesses build their own delivery fleet (E27)

The round was led by new private equity participants, and existing investor RB Investments.

Hockeystick and the Lazaridis Institute partner to build a central data hub for Canada’s startup ecosystem(BETAKIT)

The Canadian government is supporting Hockeystick’s data platform with up to $2.5 million in funding.

How to tell when a SaaS startup is ready for IPO(VENTUREBEAT)

Based on historical data, the “median SaaS company” at IPO is 10 years old with ~530 employees, generates nearly $100 million in run-rate revenue, grows at 48 percent, and still operates at a loss.

The 3 SaaS metrics that matter (& how to improve them)(SITEPOINT)

While there’s technically no limit to the number of metrics you can measure at once, to remain focused you’ll want to keep the count at ten or lower.


Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.

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