Canada will be home to a new venture capital fund that will invest in enterprise cloud startups. Its backer? Salesforce Ventures
, the global investment arm of Salesforce, a leading cloud-hosted business software provider.
According to a recent press release from Salesforce
, the $100 million Canada Trailblazer Fund has already taken stakes in four Canadian startups building cloud-based tools for the enterprise, including Tier1CRM
, Traction Guest
and OSF Commerce
(Disclosure: Salesforce’s venture arm is an investor in Crunchbase News’s parent, Crunchbase. As with all investors in Crunchbase, Salesforce Ventures has zero input in the operation or coverage of the News team.)
The companies mentioned above join a handful of other Canadian enterprise cloud companies in Salesforce’s broader investment portfolio. In the years prior to announcing the new Canada Trailblazer Fund, Salesforce Ventures
made investments in Aislelabs
Continue reading "In Canada’s cloud services market, venture investment opportunities abound"
founder and CEO Tien Tzuo had a vision of a subscription economy long before most people ever considered the notion. He knew that for companies to succeed with subscriptions, they needed a bookkeeping system that understood how they collected and reported money. The company went public yesterday
, another clear sign post on the road to SaaS maturation.
Tzuo was an early employee at Salesforce
and their first CMO. He worked there in the early days
in the late 90s when Salesforce’s Marc Benioff famously rented an apartment to launch the company. Tzuo was at Salesforce 9 years, and it helped him understand the nature of subscription-based businesses like Salesforce.
“We created a great environment for building, marketing and delivering software. We rewrote the rules, the way it was built, marketed and sold,” Tzuo told me in an interview in 2016.
He saw a fundamental problem with traditional accounting
Continue reading "Zuora’s IPO is another step in golden age of enterprise SaaS"
UK startup Juro,
which is applying a “design centric approach” and machine learning tech to help businesses speed up the authoring and management of sales contracts, has closed $2m in seed funding led by Point Nine Capital.
Prior investor Seedcamp also contributed to the round. Juro is announcing Taavet Hinrikus
(TransferWise’s co-founder) as an investor now too, as well as Michael Pennington (Gumtree co-founder) and the family office of Paul Forster (co-founder of Indeed.com).
Back in January 2017
the London-based startup closed a $750,000 (£615k) seed round, though CEO and co-founder Richard Mabey tells us that was really better classed as an angel round — with Point Nine Capital only joining “late” in the day.
“We actually could have strung it out to Series A,” he says of the funding that’s being announced now. “But we had multiple offers come in and there is so much of an explosion in demand for Continue reading "Juro grabs $2M to take the hassle out of contracts"
In life, they say you get what you pay for. That is no less true in politics, which is fueled by campaign donations and lobbying dollars that move policy on every important issue under the sun. The disclosed expenditures of the DC lobbying industry are more than $3 billion per year
, while just the presidential political campaigns spent more than $1.5 billion in 2016
Despite the key role that money plays in American politics, almost no one actually donates to a political campaign. According to the campaign finance watchdog OpenSecrets
, just 0.68% of American adults donated more than $200 throughout the 2016 campaign cycle.
A $200 contribution may sound like an extraordinary sum, but it’s roughly $8.33 per month throughout the two-year election cycle. Compare the 1.67 million people engaged with politics against the subscription numbers elsewhere in the economy: The New York Times Continue reading "Can SaaS principles transform political campaigns as we know them?"
The two most highly valued private tech companies (outside of China) are Uber and Airbnb. Both also happen to be marketplace businesses, and their success has helped encourage a rush of VC investment in similar business models over the past several years. But despite all this investment, public comps for marketplaces remain far thinner than those for SaaS.
The two most highly valued private tech companies (outside of China) are Uber and Airbnb. Both also happen to be marketplace businesses, and their success has helped encourage a rush of VC investment in similar business models over the past several years. But despite all this investment, public comps for marketplaces remain far thinner than those for SaaS. Read More
Capillary Technologies, an India-based startup that helps e-commerce businesses manage their marketing and customer engagement, has pulled in $20 million in fresh funding from existing investors Warburg Pincus and Sequoia. The company said it plans to use the capital to develop its products and R&D, including a new focus on the fast-moving consumer goods (FMCG) space where it works… Read More
While the cloud removes much of the hassle and complexity associated with maintaining and managing an application, that ease of use means you can lose control of your usage and spending just as easily. Intello wants to help your company track and manage all of that information in a dashboard. Today, it announced $1.3 million in seed funding. Up until now, companies tend to track this data using… Read More
“How fast do I need to be growing to be interesting to a venture investor?” This is a question we get asked all the time by CEOs, and we realize “it depends” is not the most actionable answer to give. Instead, we have come up with a simple model that allows us to give a clear numerical answer to this question.