S|W: The weekly SaaS – 1Password makes its debut in Hollywood
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Toronto-based password management startup 1Password closed a massive Series C funding round studded with Hollywood stars at a US$6.8 billion valuation, more than triple its valuation last summer. The new funding follows a period of growth for the company, which has increased its B2B business by more than 70% year-over-year in the past 24 months and expanded its customer base to more than 100,000. companies.
The Information and Communications Technology Council expects digital jobs in Canada to exceed 2.2 million, adding nearly 250,000 job vacancies by 2025.
Canadian companies are benefiting from working remotely in distributed teams and your industry competitors are finding talented engineers elsewhere at reasonable rates.
Hiring Latin American developers makes a lot of sense. Universities and startups in the region train highly skilled software engineers with international startup experience. Their convenient time zone and lower rates make this option a no-brainer.
Microsoft is buying Activision Blizzard in an all-cash deal worth $75 billion (THE WALL STREET NEWSPAPER)
Microsoft has agreed to buy Activision Blizzard in an all-cash deal worth around $75 billion as it seeks to snap up a gaming juggernaut – the company behind titles like Call of Duty and World of Warcraft – which has been troubled by claims of workplace misconduct in last months. Microsoft said the deal is expected to make it the “third-largest games company by revenue, behind Tencent and Sony”.
Founded in 2015 by James Rife (Head of Research) and Damir Hot (CEO), Canalyst has developed a SaaS platform that provides access to structured fundamental data and models on global public companies.
The funding brings Lattice’s total raised to $330 million, and it comes just 10 months after the company’s last fundraising round (a Series E at a $1 billion valuation).
Toronto-based commerce and marketing company Maropost has acquired Australian point-of-sale (POS) software provider Retail Express in its second acquired to date. Maropost Chief Executive Officer Ross Andrew Paquette told BetaKit that Maropost’s acquisition of the point-of-sale-focused business provides its customers with a “much bigger solution for their retail operations.” .
Why Netflix Keeps Raising Prices (THE EDGE)
The cost of streaming is starting to bite.
Toronto-based data analytics SaaS company NowVertical is seeking to raise up to C$65 million over the life of its shelf prospectus. According to the company, the funds raised would mainly be used to fuel its acquisition strategy.
One of Uber’s top dealmakers leaves the company (INTERNAL FROM THE BUSINESS COMMUNITY)
Jeremy Fine had been with the company for nearly seven years and oversaw acquisitions including Postmates and Drizly.
What jobs at Apple, Xerox and HP taught Vena Solutions COO Tina Goulbourne to build a startup (BETAKIT)
On the #CIBCInnovationEconomy podcast, Tina Goulbourne shared how her previous jobs with global tech giants set her up for success at Vena Solutions.
TikTok’s global marketing chief quits abruptly (THE INFORMATION)
TikTok has ousted Nick Tran, its global marketing manager. Tran, who had been at TikTok since mid-2020, was known for his original ideas and campaigns, that a leader would have called “stunt marketing”.
Pluribus says it has acquired small, profitable B2B software companies at “reasonable prices” across a range of verticals and industries.
Funnelytics, a Toronto-based customer journey visualization and analytics startup, landed a C$1.85 million seed extension GreenSky Accelerator Fund IV round, with participation from the MaRS Investment Accelerator Fund and angel investors from the GreenSky President’s Club.
VCs approached Facebook to fund a Workplace spinoff valued at over $1 billion, but Facebook refused (TECHCRUNCH)
A deal would have valued a newly independent Workplace as a “unicorn” (at least at $1 billion) according to the source.
Montreal startup AmpMe has found itself in the crosshairs of the App Store’s “One-man Bunco Squad.” Kosta Eleftheriou, an American entrepreneur, claims that supported by VC AmpMe bought thousands of fake reviews in order to increase the popularity of its music app on the Apple App Store.