Although the SaaS industry may not always make headlines—that is, unless one of its companies is burning millions in funding and seeing CEO turnover—VCs are quite bullish on the space, pumping billions into startups that utilize the scalable model.Source: Pixabay
Since the beginning of last year, 1,938 venture investors have participated in at least one of the 2,513 deals completed in US-based SaaS startups, according to the PitchBook Platform. This year, median capital invested sits at $6.13 million, representing a 53% increase from last year’s $4 million. California-based startups claim the largest portion of completed deals (43.6%), followed by those in New York (13.1%), Massachusetts (7.4%) and Texas (4.2%). Of the investors active in the space, 257 have completed at least two deals in the past six months.
Here are the top 11 VCs to invest in SaaS since the beginning of 2015, along with investment counts:
At this year's Sohn Investment Conference, Dan Sundheim, the founder and CIO of D1 Capital Partners, spoke with John Collison, the co-founder of Stripe. Q1 2021 hedge fund letters, conferences and more D1 manages $20 billion. Of this, $10 billion is invested in fast-growing private businesses such as Stripe. Stripe is currently valued at around Read More
1. New Enterprise Associates (85)
2. 500 Startups (71)
3. GV (50)
T-4. Bessemer Venture Partners (49)
T-4 Accel (49)
6. Andreessen Horowitz (48)
7. Salesforce Ventures (44)
8. First Round Capital (40)
T-9. Kleiner Perkins Caufield & Byers (38)
T-9. Bain Capital Ventures (38)
11. Sequoia (36)
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Article by PitchBook