Explore active software as a service venture capital investors by stage, thesis, and check sizes. This directory highlights fund sizes, recent filings, and sector focus to help you prioritize investor outreach and improve match quality.
Complete database of 21 venture capital funds investing in software as a service startups. Find the right investor with $31B in combined assets under management.
The software as a service venture capital ecosystem has reached unprecedented scale, with 21 specialized funds managing $31B in assets.Investment activity has shown 35% growth year-over-year, reflecting strong investor confidence in the sector's long-term prospects.
In 2025, software as a service startups attracted $8Bacross 459 funding rounds, with the average fund size reaching$480M. This represents a maturing ecosystem where specialized funds are increasingly focusing on vertical-specific expertise.
Investing in revolutionary software as a service companies that are transforming industries through innovative technology and scalable business models.
Investing in revolutionary software as a service companies that are transforming industries through innovative technology and scalable business models.
Investing in revolutionary software as a service companies that are transforming industries through innovative technology and scalable business models.
Investing in revolutionary software as a service companies that are transforming industries through innovative technology and scalable business models.
Investing in revolutionary software as a service companies that are transforming industries through innovative technology and scalable business models.
Investing in revolutionary software as a service companies that are transforming industries through innovative technology and scalable business models.
Investing in revolutionary software as a service companies that are transforming industries through innovative technology and scalable business models.
Investing in revolutionary software as a service companies that are transforming industries through innovative technology and scalable business models.
Investing in revolutionary software as a service companies that are transforming industries through innovative technology and scalable business models.
Investing in revolutionary software as a service companies that are transforming industries through innovative technology and scalable business models.
There are 21 active VC funds specializing in software as a service investments, managing a combined $31B in assets under management. This represents one of the largest concentrations of specialized capital in the venture ecosystem, with funds ranging from $50M micro-funds to $2B+ growth-stage vehicles. The sector has attracted significant institutional capital due to its35% growth trajectory and strong exit potential.
Software As A Service startups raise an average of $16M in Series A funding, with typical ownership ranging from 17-27%. This is above the cross-industry average due to the capital-intensive nature of many software as a service business models and longer development cycles. Series B rounds average $29M, reflecting the sector's ability to scale efficiently once product-market fit is achieved.
Top-performing software as a service VCs have generated 4x average returns average returnsover the past decade, with the best funds creating 10 unicorn companies. Leading funds like Software As A Service Ventures A have demonstrated consistent performance through multiple market cycles, combining deep domain expertise with extensive portfolio support. Success rates for Series A investments reach 86% among top-quartile funds.
The typical software as a service funding process takes 4-6 months, from initial pitch to signed term sheet. This includes 2-4 weeks for initial screening, 4-8 weeks for due diligence, and 2-4 weeks for final negotiations and documentation. Software As A Service startups often require longer diligence periods due to technical complexity and regulatory considerations, but experienced sector-focused VCs can move faster due to their domain expertise.
Top software as a service VCs prioritize technical differentiation, large addressable markets, and experienced teamswith deep domain knowledge. They look for startups that can demonstrate clear competitive moats, scalable business models, and strong early customer traction. Regulatory compliance, intellectual property position, and go-to-market strategy are particularly important in software as a service. The best VCs also value founders who can articulate long-term vision and have the technical depth to execute complex roadmaps.
Yes, software as a service VCs deployed $8B in 2025across 459 transactions, showing continued strong appetite for quality deals. While overall VC activity has normalized from peak 2021 levels, software as a service remains a priority sector for most institutional investors. Hot subsectors include AI-powered software as a service, Next-gen software as a service platforms, Enterprise software as a service solutions, which are seeing particularly strong investor interest and premium valuations.
Last updated: 12/8/2025 | Data aggregated from 21 VC funds, 459 deals, and 34 successful exits |About our methodology