S|W: The SaaS Weekly – Instabase notches $2 billion valuation on the back of AI
Plus: Montreal-based HR platform GSoft secures $125M.
SaaS
Canadian app Apollo to shut down amid user protest against Reddit API pricing
The app, founded in Halifax, was created to improve Reddit for iOS users.
Saskatoon startups Rivercity, 7shifts team up to enhance food temperature monitoring for restaurants
RCI integrates its cold chain monitoring sensors into 7shifts’ restaurant management platform.
GSoft secures $125-million CDPQ investment to pursue growth through acquisitions
GSoft’s February acquisition of Quebec City’s Didacte was the company’s first.
S|W: The SaaS Weekly – Is Salesforce repositioning itself as a data company?
Plus: Growth equity firm PSG takes a big bite out of Toronto startup Hostaway.
Doormat raises $1.25 million to make real estate legal services easier
Doormat is currently available in Ontario and plans to expand into British Columbia and Alberta.
Platformatic secures $3.5 million, launches tech to simplify back-end development for enterprises
Platformatic is backed by Decibel, Panache, and developer and open-source angels.
PSG makes investment in Hostaway to expand its vacation-rental software amid travel rebound
Sources indicate PSG took majority ownership of Hostaway as part of the deal.
Communications startup Vrify secures $6-million Series A to help attract mining investment
Vrify creates 3D visualization technology and 360-degree virtual tours of mining sites.
Ex-Panache, ScaleUp partners team up to launch new early-stage VC fund CMD Capital
As funding has dried up, David Dufresne and Matt Roberts say they plan to lead and price early-stage rounds.
S|W: The SaaS Weekly – Microsoft launches Fabric, mCloud looks to go private
Plus: Novisto closes $27-million Series B.
Saskatoon startups SolusGuard, BetterCart win a combined $75,000 at Uniting the Prairies 2023
The investment prizes are new for this year’s conference.
Three SaaS companies hiring software developers in Canada
Autodesk, Ceridian, and Opentext are looking to hire software developers in Canada.
Wingmate secures $1 million CAD to market and sell its lead-generation app for frontline staff
Wingmate aims to make “sales and service a team sport,” giving incentives to field staff to chase down leads.
Spellbook, formerly Rally, raises $10.9 million to automate legal contracts using generative AI
The company is rebranding as part of a new focus on its AI tool and strategy.