S | W: The SaaS Weekly – Wattpads subsequent chapter


The SaaS Weekly is a weekly newsletter with important SaaS news from Canada and around the world.

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As Naver completes acquisition of CAD 754 million Wattpad, Allen Lau plans to scale (BETAKIT)

In an interview with BetaKit, Lau said that the acquisition was “just about accelerating business”.

Job postings indicate that MasterClass plans to open a new engineering center in Kitchener-Waterloo (BETAKIT).

Established in 2015, MasterClass is an edtech platform that delivers on-demand online learning content with celebrities.

Handshake, a student job search platform, valued at $ 1.5 billion after the new round of funding (FORBES)

Handshake has more than 18 million students and graduates among its users.

Access to Working Capital Essential to the Success of Canadian Small Businesses (BETAKIT)

Paul Roman, Vice President of American Express Canada, explains why many Canadian small business owners are still in “survival mode”.

Thinkific increased sales by 152 percent in the first quarter of 2021 (BETAKIT)

Thinkific went public in late March and closed the transaction in late April. The company originally planned to raise $ 160 million and was able to complete its IPO at $ 184 million after the deal’s signatories fully exercised an over-allotment option.

Telkomsel invests another $ 300 million in Gojek (TECHCRUNCH)

The announcement comes amid Gojek, who is working to seal a proposed merger with the e-commerce platform Tokopedia.

Magnet Forensics sees sales and earnings growth in first earnings report since going public (BETAKIT)

“We have the technology, the team and, with our recent IPO, the capital to aggressively pursue this market,” said Adam Belsher, CEO of Magnet.

Three strategies for startups looking for new sources of income (BETAKIT)

Faye Pang, Country Manager of Xero Canada, offers advice on how startups can find new revenue streams with both new and existing customers.

Chatroulette Style Korean Dating App Quietly Conquering The World (REST OF WORLD)

In February, Match Group agreed to buy Azar’s parent company for $ 1.7 billion.

Boast.ai hires new executives to capitalize on substantial R&D tax credit market opportunity (BETAKIT)

Earlier this year, the company raised a $ 125 million CAD loan facility from Brevet Capital to provide companies with upfront credit for their research and development (R&D) tax credits.

UFC Voice Bruce Buffer, Canadian Entrepreneur Launch Social Ecommerce Platform For Athletes (BETAKIT)

Millions.co was founded to give athletes the opportunity to leverage their existing fan base and social media presence to create and control their own sources of income.

How Canadian Technology Addresses the Global Food Insecurity Problem (BETAKIT)

In the #CIBCInnovationEconomy podcast, Dr. Sylvain Charlebois and Dr. Michael Gilbert on food insecurity and how technology addresses the challenge.

“Misogynist” Apple Rentals Hours After Employees Call For Investigation (THE VERGE)

Antonio García Martínez stopped working at Apple after employees distributed a petition requesting an investigation into his hiring.

Agnostiq raises $ 2.4 million to accelerate quantum computer software (BETAKIT) development.

In an interview, Elliot MacGowan, co-founder and COO of Agnostiq, told BetaKit that the company decided to increase the round after gaining some product traction and identifying a market opportunity.