Forma.ai’s first acquisition nets fellow Toronto sales software startup SeaMonster
With SeaMonster, Forma.ai aims to help companies provide activity-based sales incentives.
SaaS
Conexus Venture Capital launches its second $30-million fund to back Saskatchewan tech startups
Conexus Credit Union reaffirms commitment to local VC with another $15-million.
Busbud acquires South African revenue management platform Ratality
The acquisition adds demand forecasting, dynamic pricing, and fleet management features to Busbud’s platform.
S|W: The SaaS Weekly – Squarespace to go private in $6.9 billion deal after hefty IPO
Plus: Figma shareholders to sell at a discount in Adobe deal fallout.
CoLab raises $28.6-million CAD Series B to grow its team and incorporate AI
CoLab CEO Adam Keating said he expects to grow the team from 86 to 125 employees by the end of the year.
Blossom closes $2.1 million to grow its investing social network in the US
After abandoning its brokerage vision, Blossom plans to remain a social platform.
Bench and Shopify alumni announce $11 million CAD to build “the Stripe for accounting” with Teal
Vancouver-based Teal provides bookkeeping infrastructure to vertical SaaS companies.
Q1 Canadian VC funding posts mixed results as PE market rebounds, CVCA reports
Pre-seed, seed-stage VC funding declines as late-stage investment continues descent.
Diversio acquires CCDI Consulting to expand its workplace-inclusion services
Diversio now offers consulting services and hundreds of training courses.
Bōde secures new funding to streamline home sales with AI
Backed by Thin Air Labs, Calgary-based startup receives $4 million in equity and debt to scale platform.
Baseline closes $2.2 million CAD to help private lenders manage their businesses
Lender-turned-software-startup targets growing private lending market.
S|W: The SaaS Weekly – How investment banks are helping Canva and Figma stay private
Plus: Ottawa’s Kinaxis to make staff cuts as profits rise.
AppDirect acquires low-code B2B marketplace builder Builtfirst
Nicolas Demarais-founded AppDirect looks to become a one-stop solution for B2B marketplace building.
#CDNtech companies Nuvei, WonderFi, Thinkific saw revenue growth in Q1 2024
NowVertical’s revenue for 2023 also increased by 91 percent year-over-year to $51.7 million.
S|W: The SaaS Weekly – Is Bill Gates still the real brains behind Microsoft?
Plus: 1Password’s new product looks to secure unmanaged devices.