S|W: The SaaS Weekly – Xero to hero

The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe.

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Chainvu raises $2.6 million CAD to help the logistics industry track shipments in real-time (BETAKIT)

Mississauga-based Chainvu, which targets the logistics industry with continuous, live monitoring of location, integrity, safety, and quality of product shipments, has raised $2.6 million CAD in seed funding.

Xero’s growth strategy – how they acquired 350k users in the last 12 months (WEBPROFITS)

Despite scaling up to such a large user base globally, Xero shows no sign of slowing down with 351,000 subscribers added in the past 12 months.

Pindrop raises $90M to bring its voice-fraud prevention to IoT devices and Europe (TECHCRUNCH)

The supreme reign of voice has also opened a window of opportunity for malicious hackers — specifically, in the area of voice fraud. Now, a security startup called Pindrop is announcing that it has raised $90 million to tackle this.

Berlin’s Camunda raises $28 million to automate business workflow (VENTUREBEAT)

Camunda’s technology allows businesses to automate such tasks as process design, modeling, and analyzing large data sets through the use of visual interfaces so developers and business-side employees can contribute.

Great-West Life expands Dialogue healthcare platform across Canada (BETAKIT)

The insurance giant began piloting the service last year in Quebec and Ontario. With this expansion, Dialogue’s service will be rolled out to 10,000 employees across the country.

LeanIX, the SaaS that lets enterprises map out their software architecture, closes $30M Series C (TECHCRUNCH)

The round is led by Insight Venture Partners, with participation from previous investors Deutsche Telekom Capital Partners (DTCP), Capnamic Ventures, and Iris Capital.

Looker raises $103 million to break out of crowded business intelligence field (SILICONANGLE)

Looker Data Sciences Inc. today said it has closed a late-stage financing round of $103 million, bringing its total funding to $280.5 million.

Box hires country VP for Canada (BETAKIT)

Former Salesforce VP Adam Drew has joined Box as country VP of Canada and will be based in Salesforce’s Toronto office, focusing on building the Canadian business with an emphasis on large enterprise and government.

Floom raises £2M in funding (FINSMES)

Floom, a London, UK-based digital marketplace that connects independent florists with customers across the world, raised £2m (US $2.5m) in seed funding.

Workato raises $25M for its integration platform (TECHCRUNCH)

Combined with its previous rounds, the company has now received investments from some of the largest SaaS players, including Salesforce, which participated in an earlier round.

Wattpad announces first country manager for India (BETAKIT)

Devashish Sharma will lead the company’s efforts to expand all aspects of Wattpad in the region, where it has 2.6 million monthly users.


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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