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More than maple syrup: SaaS Companies from Canada

When thinking of Canada, the first things that come to mind are maple syrup, mounties, and of course the magnificent landscape. But Canada is so much more than this. As a matter of fact, Canada has become somewhat of a SaaS-incubator. Let’s have a look at a few SaaS companies from Canada.

 

CloudMD

What’s the first place many people turn to when they aren’t feeling well? Nope, not their GP, but Google. “Doctor Google” is just one of the many ways in which the internet is continuously changing the way we look at health care. CloudMD is another way, and quite frankly: it’s a lot more reliable than self-diagnoses using search engine queries.

CloudMD delivers virtual care solutions to a large number of Canadian clinics. This SaaS company from Vancouver (British Colombia, Canada) digitalizes the health care experience in a way that brings doctors, health professionals, and patients on the same page.

Since the company was founded in 2013 It has already raised US$ 75,3 million to fund growth, both organically and through acquisitions. Currently, 12 companies have been acquired by CloudMD, the most recent being the February 2021 purchase of IDYA4.

 

PointClickCare

While CloudMD focuses on the healthcare provided by clinics, PointClickCare takes long-term care to the next level. This company was founded in 1995 by Dave and Mike Wessinger and is based in Mississauga (Ontario, Canada).

More than 5000 facilities in Northern America use PointClickCares’ web-based products and services that were tailored specifically to help long-term care providers approach their clients from a lifecycle point of view.

This healthcare SaaS platform brings together clinical processes, administration, and billing to maximize reimbursements and enhance the quality of care. From independent, single-home facilities to some of the largest care operators, PointClickCare promises a solution to enhance operating efficiency while making staff more productive and happier with their job!

 

Q4

On SaaS-community, we write a lot about SaaS-companies which might be a good investment. SaaS-company Q4 might be a good investment. But that’s not the only way how Q4 might have an impact on your investment portfolio.

This SaaS platform is all about helping investor relations officers and C-suite inhabitants communicate with investors. Aiming to improve investor relations effectiveness, Q4 came up with an approach to investor relationships that is less about numbers and more about storytelling.

In the fifteen years since  Darrel Heaps founded Q4 in 2006, the company has been working with 2,200 global brands.

 

Benevity

Non-profit companies and charitable organizations need to focus on transparency and accountability. More than any company, a charity needs to guarantee they spend their money well. Even the slightest hint of squandering money (or worse: embezzlement) can stop the flow of donations from the public.

Benevity team
Benevity team

Benevity, from Calgary (Alberta, Canada) offers organizations a platform for charitable donation management and grant management. Its platform is like the ERP for charities, including not only ways to increase donations, but also providing custom cause portfolios, disaster response, and a way to keep track of all volunteering efforts.

It also helps to keep the public informed through a dynamic news platform and blog content.  

Since Benevity was founded in 2008, the company also decided to help commercial companies “infuse purpose” into their company, driving social entrepreneurship.

 

Memi (startup)

On January 17th, 2021, a new SaaS company was founded in Winnipeg (Manitoba, Canada): Memi. This company, which is still working diligently towards the launch of its product promises to use its PaaS and SaaS platform to detect online fraud and identity theft by enabling people to verify their social media profiles.

According to the company, 80% of Facebook accounts are misleading. Scams on marketplaces are so common that we all know someone who fell victim to one (if we didn’t fall for it ourselves, that is). As doing business requires a certain amount of mutual trust, it is clear we have a problem.

The solution this young SaaS-startup proposes is threefold:

  • Social verification
    • A blue checkmark on your profile shows your social media accounts were verified and approved by Memi.
  • Digital white pages
    • A single place where all of your verified social media accounts are listed.
  • Verifying others
    • Selling or buying online can be risky. Payments get “lost” and products may never be sent. Memi promises a way to check if others are who they say they are.

 

Bench

Do you love bookkeeping? Of course, you don’t. No entrepreneur does. Luckily, we’ve got a plethora of tools to help us out with this essential secondary process. Bench, a SaaS company from Vancouver (British Colombia, Canada) automates accounting tasks by combining their accounting software with the human touch of a professional bookkeeping team.

With 250 employees working in its Vancouver HQ, Bench has helped thousands of business owners. It’s intuitive and carefree, meaning you can focus on what you do best: build your business.

Bench, which is also known as 10sheet, was founded in 2012 by Ian Crosby (Forbes 30 under 30-winner, Jordan Menashy, Adam Saint, and Pavel Rodionov.

 

Hootsuite

The owl that every Social Media-manager loves: Hootsuite. Founded (in 2008) and based in Vancouver (British Colombia, Canada), Hootsuite changed the way marketers manage the social media presence of their brand.

More than 15 million people (and more than 80% of Fortune 1000 companies) use Hootsuite to keep track of everything going on online, ensuring their online presence stays on track.

So far, 12 investors invested an amount a bit short of US$ 300 million, helping Hootsuite become the household brand it has become today.

 

Vidyard

Talking about online marketing: Vidyard offers a SaaS solution for video marketing. Awesome as platforms such as YouTube might be, they are limited in ways they can be integrated into your strategy.

vidyard team
vidyard team

Do you really want to build your strategy around what a video host offers? Or do you want a tool that matches your strategy? If you want tools that work for you, instead of the other way around, have a look at this SaaS company from Kitchener (Ontario, Canada).

Vidyard goes beyond hosting and management of videos. Many global leaders (Lenovo, LinkedIn, Citibank, and others) recognize the value of the analytics tools offered by Vidyard. Tracking the viewing activities on each individual user, VidYard enables you to take action and increase content engagement.

 

Skyhive

You can’t teach an old dog new tricks. Or can you?

Skyhive, is an Artificial Intelligence-based SaaS platform created by Sean Hinton in 2017, tries to do exactly that. Except, the platform doesn’t try to teach anything to dogs. Instead, it aims to reskill enterprise workforces and communities. That way, Skyhive tries to live up to its mission statement to reduce unemployment and underemployment.

Skyhive promises that its insights into the skill-level of your internal workforce and external labor market (delivered in real-time) will help you to identify future and emerging skills while facilitating reskilling – both on the scale of the individual as well as the entire company.

Delivering on such a bold promise takes knowledge, lots of knowledge. That’s why Skyhive continuously “collects and analyses millions of labor market data points, serving as the most advanced real-time knowledge graph of jobs, skills, training, and labor market intelligence in the world”.

 

Visier

Many companies claim that “our people are our greatest asset”. Yet, quite often, they struggle to answer the questions that come up when you try to strategically manage their workforce. In a way, this is strange, because most of these questions aren’t new, or unique to any company.

Visier was founded in 2010 by John Schwarz and Ryon Wong. The company has spent the last decade collecting methods and best practices from the field to continuously improve their solution to make HR analysis simple.

SaaS-platform built by Visier contains hundreds of pre-built questions regarding any workforce. Building upon HR best practices, this tool helps HR professionals to save time, while presenting the best possible insights.

 

Shopify

Is it really necessary to introduce Shopify? T has become one of the major players in the field of e-commerce. It offers a cloud-based, multi-channel commerce platform tailored to small and medium-sized businesses.

Since it was founded in 2004 by Daniel Weinand, Scott Lake, and Tobias Lütke, Shopify has become the weapon of choice for many E-commerce startups. Shopify has gained a strong foothold in 175 countries, with 800,000 businesses using the platform. This strong presence in the market resulted in a reported profit (2020) of US$ 327,2 million.

Attractive as Shopify might be for startups, saying the SaaS platform is for small companies only would severely underestimate what Shopify can do. It supports marketing efforts, increases customer engagement, processes payments, and helps you deal with all headaches regarding logistics.

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