Wattpad co-founder Allen Lau to step down as CEO, become executive advisor
Lau called the move both a “final curtain call” and the start of “a new story.”
SaaS
Tengiva closes $5 million to tackle supply chain issues in the textile industry
Investor says Tengiva is “at the right place at the right time.”
Thinkific sees revenue rise, net loss jump in Q1 2022, following recent layoffs
Thinkific attributes higher net loss to growth investments, restructuring costs.
Tilr secures $1.3 million grant from Ontario through Skills Development Fund
Tlir is one of over 200 companies financed in the second SDF round.
Supportbench secures $1.9 million CAD to become Zendesk for B2B companies
First step? Convince investors that B2B customer support could be better.
Magnet Forensics acquires assets from Comae Technologies, posts 35 percent revenue growth in Q1 2022
Magnet acquired Comae’s memory analysis tech to bolster its cyber incident investigation capabilities.
Validere acquires Clairifi to offer regulatory reporting capabilities for oil and gas firms
Validere wants to drill ESG compliance into energy companies with Clairifi acquisition.
Playmaker acquires New York-based sports media company The Sports Drop
Playmaker continues sports media acquisitions spree.
Boast.ai leadership transition makes Alok Tyagi CEO to scale R&D tax credit company
Boast.ai co-founders Alex Popa and Lloyed Lobo will remain on the board.
Boundless Life secures $2 million seed round to help families transition to digital nomad lifestyle
Boundless claims no competition, targeting aspiring digital nomads with children.
Q4 Inc. records 23 percent YoY revenue growth, halves net losses in Q1 2022 earnings
CEO attributes Q4’s strong Q1 to tech investments, focus on existing customers.
Visier makes first acquisition, acquiring Yva.ai’s tech and team to expand understanding of how employees work
Visier plans to parlay deal into new collaboration analytics product.
Tailscale closes $128 million CAD Series B to scale VPN service, amass more developer evangelists
Amid a sea of top-down network security solutions, Tailscale’s bottom-up approach is paying dividends.
S|W: The SaaS Weekly – Global rules for the internet?
Plus: Inside Twitter, Fears That Musk’s Views Will Revisit Past Troubles.
Userful secures $10 million for tech that centralizes brands’ visual network
NASA, Nestlé, among over a thousand companies using Userful’s visual networking platform.