Legible sees more execs depart in restructuring as company eyes private placement for liquidity
In recent weeks, Legible has laid off 23 employees and lost its CTO, CFO, CRO, and CPO.
SaaS
Hootsuite appoints former Mailchimp exec as CPO, as Wealthsimple snags Snap VP as COO
Natalia Williams and Radhika Kakkar join Hootsuite and Wealthsimple as both companies expand their offerings.
Hookdeck raises $2.65 million CAD to connect the information that “rules the web”
Technical staff from Shopify, Gorgias, Checkout, and Designstripe all invest in Matrix Partners-led round.
Wavy raises $2.5 million to combat remote work, burnout, talent churn
Beer tastings? Yoga? Wellness workshops? There’s a Wavy experience for that.
S|W: The SaaS Weekly – No one Musk should have all that power
Plus: Federal #Budget2022 surprisingly heavy on innovation policy.
Fill out the Sage Intacct x BetaKit Survey for SaaS startups
Survey closes on May 15th.
MyComply closes $5.6 million CAD to sell construction tech platform to US companies
CEO calls startup’s contract with New York City its “growth hack.”
In effort to cut costs, CSE-listed Legible lays off over a third of its employees
Legible becomes second publicly-traded Canadian tech firm to announce significant layoffs in the past week.
S|W: The SaaS Weekly – Tough cuts, big hopes
Plus: Antitrust bill targeting Amazon, Google, Apple gets support from DOJ.
Citylitics closes $6.2 million CAD to help companies spot public infrastructure sales opportunities
After building presence in transportation, Citylitics plans to move into new verticals like power.
Thinkific CEO describes layoffs as effort to preserve cash amid tough capital-raising environment for public companies
Company’s share price has risen 13 percent since layoffs were announced.
Canadian startups in Y Combinator tie all-time high at Winter 2022 Demo Day
For the second time, 16 Canadian startups participated in a YC cohort.
With new funding, Athennian hopes to follow in Clio’s unicorn footsteps
The legaltech startup’s backers include Clio’s CEO.
Following 2021 losses, Thinkific to lay off 100 employees
Layoffs to impact one-fifth of Thinkific’s 499-person team.
S|W: The SaaS Weekly – ApplyBoard says ‘Panda, Panda, Panda’
Plus: How SiriusXM bought and bungled a beloved podcast network.