Posted on
September 30, 2022

Top 10 SaaS VC Investors

Maximilian Fleitmann
CEO of BaseTemplates

The SaaS venture capital market is one of the fastest growing sectors in technology. It continues to grow at a rapid pace and is attracting multiple investors, especially those who are starting out and looking for new endeavors

NameHQSectorStageTicket SizeFund
boldstart venturesNew York, United StatesAutomation, B2B, Developer Tools, Enterprise, SaaS, Privacy and Security, Robotics, SoftwarePre-Seed, Seed$250K - $2.50M$866.3M
Bessemer Venture PartnersCalifornia, United StatesEnterprise, Media and Entertainment, Consumer Electronics, E-Commerce, Gaming, Marketplaces, Fintech, Lifestyle and Wellness, Applications, Health Care, Consumer, Infrastructure, SaaS, Sales and MarketingPre-Seed, Seed, Series A, Series B, Growth$100K - $50M$14.3B
NorthzoneStockholms Lan, SwedenSoftware, E-Commerce, Mobile, InternetPre-Seed, Seed, Series A, Series B, Growth - $2.8B
Battery VenturesMassachusetts, United StatesSaaS, Messaging and Telecommunications, Internet, Software, E-Commerce, Consumer, Applications, IT, Mobile, Privacy and SecurityPre-Seed, Seed, Series A, Series B, Growth$10M - $75M$17.7B
OpenView Venture PartnersBoston, United StatesSoftware- - $2B
Frontline VenturesEngland, United KingdomEnterprise, SaaS, B2B, Analytics, SoftwarePre-Seed, Seed - $293.1M
Eight RoadsEngland, United KingdomSoftwareSeries B, Series C, Growth - $2.8B
Frog CapitalLondon, United KingdomSoftware- - $388.7M
Matrix PartnersCalifornia, United StatesEnterprise, Fintech, Hardware, Mobile, SaaS, Privacy and Security, Consumer, Infrastructure, B2B, Consumer ServicesSeed, Series A, Series B$5M - $20M$2.6B
Emergence CapitalCalifornia, United StatesEnterprise-$4M - $20M-

Top 10 SaaS Venture Capital Firms

1. boldstart ventures

boldstart ventures-VC-SaaS

Before you build your team, before you write your first line of code, before you even take your first check—that’s when boldstart gets to work. We collaborate with technical founders well before company creation, lead pre-product rounds at inception, and rally our developer-first and SaaS network to help turn bold ideas into category-creatingiconic companies.

We’ve been in the trenches with Snyk, Blockdaemon, Kustomer, BigID, Superhuman (and so many more) from day one.

The investment firm was founded in 2010 by Ed Sim and is headquartered in New York, New York, United States.

Website: www.boldstart.vc

Founded: 2010

Total fund size: $866.3M

Stage: Pre-Seed, Seed

Sector: Automation, B2B, Developer Tools, Enterprise, SaaS, Privacy and Security, Robotics, Software

Ticket Size: $ 250K - $ 2.50M

Investment Geography: Agnostic (Global)

Boldstart Ventures has had 25 exits. Boldstart Ventures's most notable exits include FortressIQ, Catalytic, and Handshake.

2. Bessemer Venture Partners

Bessemer Venture Partners-VC-SaaS

Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. With more than 135 IPOs and 200 portfolio companies in the enterprise, consumer, and healthcare spaces, Bessemer supports founders and CEOs from their early days through every stage of growth. Bessemer’s global portfolio includes Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr, and Toast and has $19 billion of assets under management. Bessemer has teams of investors and partners located in Tel Aviv, Silicon Valley, San Francisco, New York, London, Boston, Beijing, and Bangalore.

Born from innovations in steel more than a century ago, Bessemer’s storied history has afforded its partners the opportunity to celebrate and scrutinize its best investment decisions (see Memos at bvp.com/memos) and also learn from its mistakes (see Anti-Portfolio at bvp.com/anti-portfolio).

Website: www.bvp.com

Founded: 1911

Total fund size: $14.3B

Stage: Pre-Seed, Seed, Series A, Series B, Growth

Sector: Automation, B2B, Developer Tools, Enterprise, SaaS, Privacy and Security, Robotics, Software

Ticket Size: $ 100K - $ 50M

Investment Geography: United States, Bay Area (US)

Bessemer Venture Partners's most notable exits include Twitch, Shopify, and Twilio.

3. Northzone

Northzone-VC-SaaS

Northzone is a venture capital fund with a perspective shaped by lives as entrepreneurs. Established in 1996, they have raised over €1.5 billion in funds and partnered with the founders of Spotify, Avito, iZettle, Klarna, Hopin, and hundreds of others to build category-defining businesses.The firm has offices across the Nordics, London, and NewYork, it works around the clock to connect its companies with customers, business partners, and key talent on a truly international scale.

Website: www.northzone.com

Founded: 1996

Total fund size: $2.8B

Stage: Pre-Seed, Seed, Series A, Series B, Growth

Sector: Software, E-Commerce, Mobile, Internet

Investment Geography: United States, Europe

Northzone's most notable exits include fuboTV, Kahoot!, and Spotify.

4. Battery Ventures

Battery Ventures-VC-SaaS

Battery Ventures is a venture capital firm with offices in Boston, Silicon Valley, and Israel. Battery invests in potentially cutting-edge, category-defining businesses in markets including application software, IT infrastructure technologies, consumer-internet and mobile services, and industrial technologies.

Website: www.battery.com

Founded: 1983

Total fund size: $17.7B

Stage: Pre-Seed, Seed, Series A, Series B, Growth

Sector: SaaS, Messaging and Telecommunications, Internet, Software, E-Commerce, Consumer, Applications, IT, Mobile, Privacy and Security

Ticket Size: $ 10M - $ 75M

Investment Geography: United States, Europe, Canada, Israel

Battery Ventures's most notable exits include Coinbase, Wayfair, and Avalara.

5. OpenView Venture Partners

OpenView Venture Partners-VC-SaaS

OpenView is an expansion stage venture firm that helps grow software companies like Instructure, Kareo, Datadog, and Expensify into market leaders. Through OpenView's Expansion Platform, they help companies hire the best talent, acquire, and retain the right customers and partner with industry leaders so they can dominate their markets. OpenView's focus on the expansion stage makes it suited to provide truly tailored operational support to their portfolio companies.

OpenView Partners has adopted the Diversity Term Sheet Rider.

Website: www.openviewpartners.com

Founded: 2006

Total fund size: $2B

OpenView's most notable exits include Datadog, UserTesting, and Instructure.

6. Frontline Ventures

Frontline Ventures-VC-SaaS

Wherever you are on your journey we have the fund to help you expand

EXPERTS IN EXPANSION Founders see what the world misses. In fast pursuit of opportunity, you make critical decisions with little certainty. We get it, because we’ve been there. Frontline is the venture firm for globally ambitious B2B companies on both sides of the Atlantic. Frontline Seed speeds up ideas at inception across Europe. Frontline X is a growth-stage fund, for fast and frictionless US-Europe expansion.

WE'VE LEARNED IT THE HARD WAY As a team of entrepreneurs, we have built many businesses, many ways. And as a venture fund, we’ve helped tens of founders and CEOs cross the pond. We’ve scaled too – with team members in Dublin, London and San Francisco. Today, our team, LPs and advisors represent senior leadership at many of the world’s most successful B2B companies (Think: Segment, Stripe, Looker, Linkedin, Airtable, Google and Workday – to name a few). Collectively, we can add value when founders need it most – at company defining moments.

CAPITAL IS CHEAP Look around; the venture market is drowning in noise. Hundreds of funds and millions of blogposts – all claiming to add value left and right. We believe that capital is cheap, and we know that value-add is not made equal. Our focus is clear; we back challengers with global ambition, and we dedicate our time to helping them fly higher – faster. Our experience makes us knowledgeable. Our global network makes us unique. Want more detail or first-hand accounts? we are happy to introduce you to our founders.

SYMBIOSIS In nature, the best things work together. We see the landscape ahead and can warn you of the risks, while you stay strong and focused on your goals. Indispensable; that’s how we see our relationship.

Website: www.frontline.vc

Founded: 2012

Total fund size: $293.1M

Stage: Pre-Seed, Seed

Sector: Enterprise, SaaS, B2B, Analytics, Software

Investment Geography: United States, Europe

Frontline Ventures's most notable exits include Pointy, Boxever, and Greenhouse Software.

7. Eight Roads

Eight Roads-VC-SaaS

Eight Roads Ventures is a global investment firm backed by Fidelity. Eight Roads Ventures manages $8 billion of assets across its offices in China, Hong Kong, India, Japan, UK and the US. Our 50-year history of investing includes partnerships with over 300 companies.

Website: www.eightroads.com

Founded: 1969

Total fund size: $2.8B

Stage:  Series B, Series C, Growth

Sector: Agriculture

Investment Geography: Europe, Asia, Israel, Singapore

Eight Roads Ventures's most notable exits include Paidy, Alibaba Group, and Optimus Ride.

8. Frog Capital

Frog Capital-VC-SaaS

Frog Capital is a scale-up stage investor focused on software enabled businesses in Europe. Frog’s experienced team has invested in over 100 companies, and in the last five years has exited companies with a total transaction value over €1 billion. Frog is a committed long-term partner, investing in ambitious companies with revenue from €3m to €30mand requiring €5m - €20m of growth capital. By applying industry knowledge, a network of relationships and operating expertise, Frog actively supports exceptional company growth and builds significant shareholder value

Website: www.frogcapital.com

Founded: 2009

Total fund size: $388.7M

Investment Geography: Europe

Frog Capital's most notable exits include Azimo, Opensignal, and Ostara.

9. Matrix Partners

Matrix Partners-VC-SaaS

We work with product people from day one to help you win. We’re a team of builders who lead pre-seed through Series A rounds. Recent Matrix investments include Fivetran, Canva, Side, Afterpay, Markforged, CTRL-Labs, Oculus, Zendesk, Hubspot, Apollo GraphQL, Flock Safety, GOAT, Postmates, Acacia Communications, and Sila.

Website: www.matrixpartners.com

Founded: 1977

Total fund size: $2.6B

Stage: Seed, Series A, Series B

Sector:  Enterprise, Fintech, Hardware, Mobile, SaaS, Privacy and Security, Consumer, Infrastructure, B2B, Consumer Services

Ticket Size: $ 5M - $ 20M

Investment Geography: United States, China, India

Matrix Partners's most notable exits include Apple, HubSpot, and Lever.

10. Emergence

Emergence -VC-SaaS

Emergence is the leading venture capital firm focused on early-stage enterprise companies. Its mission is to be the most valuable partner to the companies changing the way the world works. In 2017, the firm was named Venture Firm of the Year by the National Venture Capital Association (NVCA). Business Insider named Emergence one of the Top 10 Best

Performing Venture Funds that launched at the turn of the decade, which posted returns as high as 50%.

The firm’s investments include companies such as Salesforce (CRM), Veeva Systems (VEEV), Box (BOX), Zoom (ZM), SuccessFactors (SFSF, acquired by SAP), Yammer (acquired by Microsoft), Zoom, ServiceMax (acquired by GE) and Intact (acquired by Sage). For more information on Emergence, visit http://www.emcap.com and follow @emergencecap.

Website: www.emcap.com

Founded: 2003

Total fund size: $2.3B

Sector:  Enterprise

Ticket Size: $ 4M - $ 20M

Emergence has had 46 exits. Emergence's most notable exits include Box, Zoom, and Eversight.

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