As companies grow a larger membership base, they can face economic, technological and demographic problems if they don’t handle the situation appropriately. Many companies manage their members using a jumbled system (including snail mail) which results in inefficiencies, isolation of important data, decreased engagement and lost revenue. For small trade organizations this can destroy a business, so something needs to be done.
L-SPARK, is accepting applications for its fourth SaaS Scaling Accelerator program. The Ottawa-based B2B SaaS accelerator said that it will select up to 10 companies for the program, and that entrepreneurs with a commercial product in market and at least $10,000 to $30,000 monthly recurring revenue (MRR) are eligible.
Ottawa, Ontario, May 16, 2017 – L-SPARK, the destination for enterprise software (SaaS) and cloud startups, opened applications today for their fourth SaaS scaling Accelerator program. The L-SPARK Accelerator propels market ready SaaS companies to build customer traction and revenue. Their collective goal is to scale Canada’s best in SaaS to 10 x revenue growth.
If your software-as-a-service startup is getting the insatiable itch for growth, L-SPARK wants you. The Kanata-based accelerator has opened applications for its Fall 2017 cohort. You know L-SPARK by now, but just in case you’re foggy, the accelerator program is obsessed with scaling SaaS firms.
There is a general sense in the tech community that it’s difficult to raise money in Canada, but as a new infographic from Ottawa-based Software-as-a-Service venture capital fund L-SPARK illustrates, this isn’t quite true. In fact, according to the company’s research, sourced from the Canadian Venture Capital & Private Equity Association, Canadian VCs invested more than $2 billion in homegrown SaaS startups last year.
With encouraging growth and a timely batch of fresh equity, Ottawa membership management startup Member365 is charting a path to becoming a “world-class” player in its market. After running professional services tech firm Pixelera for 20 years, brothers Stephen and Michael Foley began work on the new spinoff company about four years ago. The two longtime entrepreneurs had gotten all sorts of requests over the years to build one-off database apps, and as they gained more knowledge and expertise in their industry they saw the potential in building a complete solution to the many different needs of member-based organizations.
There is a general sense in the tech community that it’s difficult to raise money in Canada, but as a new infographic from Ottawa-based Software-as-a-Service (SaaS) venture capital (VC) fund L-Spark illustrates, this isn’t quite true.
My entrepreneurial journey began at age 16 when I dropped out of school and faced the world with no job experience or high school diploma. Struggling with dyslexia, I knew I would not succeed in a classroom setting. Growing up with a single mom, we had to work hard to make ends meet. It was time for me to start earning a living and take on the world.
Member365, an Ottawa, Canada-based membership management startup, raised $1.3 million in funding. Investors include the Georgian Angel Network, Angel One and Capital Angel.
They say that nice guys finish last — and Canada, with its reputation for polite citizenry and its charming prime minister, is used to being overlooked. Sure, Canada may tower over the United States in physical size, but many countries of similar stature — G7 nations, for example — dismiss the Great White North as nothing more than America’s top hat. This is a mistake. Canada, with nine percent of the world’s forests, is a land of plenty. As well as an enviable array of natural resources, Canada also boasts incredible support for entrepreneurs, both homegrown and international. Many household names, such as Slack, Hootsuite and Shopify — which may be mistakenly considered as U.S. products — hail from north of the border. This proves Canada is capable of delivering on startup success.