Page 11 - Saas News Today

Two leaders of Toronto-based online education firm Top Hat have both recently departed, BetaKit has learned.

Starting and sustaining a business often requires significant funding that often surpasses personal savings and revenue generated from early operations.

Requity aims to help renters become homeowners in markets outside of Toronto and Vancouver.

Toronto-based Spiffy, which provides a digital training platform for workplaces, has been acquired by regulated e-learning and compliance solutions firm Oliver Solutions.

Canadian-founded, San Francisco-based AppDirect has secured a $136-million CAD investment from CDPQ to expand its AppDirect Capital program.

Plus: After 10 years leading Tulip, Ali Asaria steps down as CEO.

Vancouver-founded, Toronto-based Alida has kicked off the new year with a key leadership change, promoting Efrem Ainsley to the CEO role, effective immediately.

Unicommerce shareholders AceVector Group, B2 Capital and SoftBank are together offering 29.8 million shares for sale in the IPO, as per the draft red herring prospectus (DRHP). The company, which is profitable, is not raising any fresh capital through the IPO.

L-SPARK’s managing director Patrick White believes there are still challenges facing Canada’s software startups.

For OppDoor, Bansal, who exited Flipkart fully last year by selling his remaining stake to Walmart, has onboarded former Flipkart executives for the venture, people aware of the matter said.