L-Spark’s Leo Lax: 2022 has been a “disaster” for SaaS funding, though sector continues to grow
“The bias is less towards building the innovation economy, more towards sustaining what we got.”
SaaS
Will some Canadian tech companies die during the downturn?
Founders: get used to hearing the ‘Canadian no’ more often.
Canadian tech layoffs continue as tough year comes to a close
Properly, TealBook, D2L, League among latest firms to cut staff amid economic downturn.
BluWave-ai, Tehama receive collective $4.4 million from FedDev Ontario for product development, hiring
The federal government investment is expected to create 85 jobs in the Ottawa region.
Symend closes $54 million CAD to pursue global expansion amid uncertain economic environment
Facing market headwinds and tailwinds, Symend has cut staff and set its sights on growing efficiently.
Nobul, Hopper top Deloitte Canada’s fastest growing startups lists for 2022
Annual survey of tech execs expresses concerns over access to capital, talent.
BoostSecurity emerges from stealth with $12 million CAD to automate cybersecurity for DevOps
Two veterans in the application security space want everyone to deliver software at large scales.
S|W: The SaaS Weekly – Verified trolls cut Musk’s work out for him
Plus: 1Password prepares for the passwordless future.
Xero appoints Canadian native Sukhinder Singh Cassidy as new CEO
Xero’s newest leader had exec positions at Google, Stubhub, Polyvore.
With Passage acquisition 1Password prepares to battle tech giants for passwordless future
Acquisitions, exec turnover, and new tech mark transition period for 1Password. CEO Jeff Shiner sounds ready.
Customer experience platform Alida secures $60 million USD credit facility
With a new Edmonton office, Alida sets sights on the rest of North America and beyond.
Meta mass layoffs hit Canada less than a year after major expansion plans
Canadian teams affected include client relations, human resources, among others.
As demand booms and recession looms, Busbud acquires fellow Canadian travel tech startup Betterez
After partnering up for years, Busbud has brought Betterez’s back office platform for transit players in-house.
S|W: The SaaS Weekly – Elon had one hell of a first week at Twitter
Plus: 1Password acquires Texas-based Passage to fuel push into passkeys.
OSF Digital acquires UK-based Oegen in its drive to become “biggest Salesforce integrator”
The acquisition opens up UK financial services sector to OSF.