S|W: The SaaS Weekly – Cardata gears up with new funding, BlackBerry plots connected-car split
Summary
Toronto-based software startup Cardata has raised $100 million to accelerate its new product innovation to support what it called its rapidly growing customer base. Cardata provides a suite of reimbursement software, compliance programs, and business intelligence tools for companies whose employees drive their personal cars for work. Oxio spinout Gaiia closes $13 million USD to develop operations software for other ISPs (BETAKIT) Launched by former Oxio leaders and employees, Gaiia aims to become “the world’s first network-agnostic operating system for connectivity.” The Québec City-based software startup has secured $13 million USD in initial equity seed financing. D&D chief executive officer Matthew Proud said the increases relate to the “significant investment” the company has made in its products and the fact that some prices lagged rivals. Vista Equity Partners has acquired a majority stake in TRG Screen, an enterprise software provider for managing corporate spending on subscriptions, according to people familiar with the matter.
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