Page 76 - Saas News Today

The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe.

Indian start-up ecosystem witnesses $106-billion value creation by 44 unicorns February 23, 2021 41% unicorns originated from Bengaluru, 34% from Delhi, 14% from Mumbai; fintechs accounted for the most number, followed by retail and SAAS The Indian start-up ecosystem has seen $106-billion worth value-creation by 44 unicorns, including MakeMyTrip, InMobi, Paytm, Ola, BYJU’S, Cars24, Razorpay, Swiggy, and Zomato, among others, which in turn has created 1.4 million direct and indirect jobs. Whil...

ZenHub raises $5.9 million CAD seed round to help automate tasks for developers ZenHub, a Vancouver-based provider of GitHub-embedded project management and collaboration software, has raised $5.9 million CAD ($4.7 million USD) in its first institutional financing round. The seed round was co-led by BDC Capital and Ripple Ventures. Other participants include Inovia Capital, and a number of angel investors, including Adam Gross, former CEO of Heroku; Jiaona Zhang, VP of product a...

Communitech reveals first cohort of new program to support minority female, non-binary founders Kitchener-based tech hub Communitech has unveiled the first cohort of its Fierce Founders Uplift program, selecting 10 promising minority female and non-binary startup and small business founders from across Canada. The new program, which is supported by Google for Startups and the Government of Canada through FedDev Ontario, is set to begin in March and expected to run for up to five...

March 31, 2021 Distressed investment specialist Cerberus Capital Management has hit a $2.8bn final close for its latest flagship opportunistic real estate fund. AltAssets has been serving the global private equity industry for over a decade and has become established as a trusted source of independent news and views on the industry by thousands of professionals worldwide.

Today in funding: Eavor Technologies, Foko Retail, Motion Gestures, Arolytics, Mogile Technologies Five Canadian tech startups, Eavor Technologies, Foko Retail, Motion Gestures, Arolytics, and Mogile Technologies, have recently secured financing to fuel their growth. Here’s the latest on who raised money, how much from whom, and what they plan to put the new funds toward. Eavor Technologies secures $50.7 million CAD in financing Calgary cleantech startup Eavor Technologies has...

SailPoint, an identity management company that went public in 2017, announced it was going to be acquiring Intello, an early-stage SaaS management startup. SailPoint believes that by helping its customers locate all of the SaaS tools being used inside a company, it can help IT make the company safer. Part of the problem is that it's so easy for employees to deploy SaaS tools without IT's knowledge, and Intello gives them more visibility and control.

Halifax, NS This Halifax startup develops original optical filtering technologies for modern eyewear. Coloursmith is led by CEO Gabrielle Masone, who originally moved to the East Coast to attend Dalhousie University and stayed to build her company. The company raised a $600,000 pre-seed round in June 2019. Coloursmith has had a global presence from the start, working with a number of world leaders in vision care. Its current focus is in medicine and eye protection, specifically blue-light block...

[Funding alert] Zomentum raises $13M in Series A round Zomentum is an IT sales acceleration platform that helps IT channel partners and enables SMBs to leverage the best of the breed IT solutions. 0 claps Zomentum, a San Francisco-headquartered SaaS startup with its R&D centre in Bengaluru, has raised $13 million in Series A round from Elevation Capital, Accel, and Greenoaks Capital. The round also saw participation from Eight Roads Ventures. Zomentum is an IT sales acceleration platform that...

Benevity receives investment from leading impact and sustainability funds as part of Hg deal Calgary-based corporate social responsibility platform Benevity has received new investments from The Rise Fund and Generation Investment Management (Generation), as part of Hg’s transaction to acquire a controlling stake in the company. A spokesperson for Benevity confirmed to BetaKit the deal closed Febuary 1, with Hg bringing on the two impact and sustainability funds as “new stra...