Attractions management software startup Connect&Go closes Series A round with $6.2 million top-up
Connect&Go has worked The Super Bowl, Vancouver Olympics, Comic Con.
SaaS
WellnessLiving secures $66 million USD to scale operations management software for wellness centres
The Thornhill startup serves over 5,000 yoga studios, dance studios, and other wellness centres.
S|W: The SaaS Weekly – Hootsuite restructuring spells massive layoffs
Plus: HR tech startup Humi acquires SaaS scheduling startup Ameego.
Market watch: Q4 Inc., E Inc., Goeasy Ltd., BBTV Holdings Inc.
Companies are working to weather challenging market conditions.
Market watch: Well Health, Magnet Forensics, Dialogue Health, and Thinkific Labs
Gains and losses aren’t about the verticals, but rather the companies.
Dooly latest Vancouver startup to cut staff amid broader market downturn
Dooly has joined a growing number of Canadian tech companies to trim their workforce, laying off 12 people.
HR tech startup Humi acquires SaaS scheduling startup Ameego
Humi customers include Tim Hortons, Boston Pizza, and Moxies.
Hootsuite restructuring, laying off 30 percent of employees
CEO: “We need to refocus our strategies to drive efficiency, growth and financial sustainability.”
Bootstrapped since 2008, Evidence Partners closes $20 million to tackle automated literature review market
Evidence Partners caters to more than 60% of the world’s largest pharma, medical device companies.
S|W: The SaaS Weekly – Inside this week’s massive BC tech exit
Plus: Layoffs across SaaS startups pile up.
Uberflip CEO attributes company layoffs to “unsteady economy”
Uberflip laid off 31 employees.
RenoRun lays off 12 percent of staff, pauses geographic expansion amid uncertainty surrounding consumer spending
CEO: “There’s just a level of uncertainty right across the board.”
Nubik becomes latest Canadian tech firm acquired by Deloitte
Nubik specializes in Salesforce, FinancialForce, and Rootstock Cloud ERP.
Unbounce lays off 20 percent of staff as part of “larger company restructuring”
Unbounce CEO said cuts were necessary to support the company’s purpose and strategy.
FreshBooks secures $100 million USD debt facility from BMO, J.P. Morgan
With fresh funds, FreshBooks wants to continue global expansion, strategic acquisitions.