Double-checking 10 years of SaaS funding data

About two months ago I spent some time digging into data on SaaS financing rounds in the last ten years. If you’re interested in how SaaS funding has developed in the last decade, give it a read.

As I’ve mentioned in the post, the analysis was based on Crunchbase data, and I was somewhat uncertain about the quality of that dataset. Meanwhile, we got ourselves a PitchBook subscription, arguably one of the best data sources for private equity and VC financing data, which gave me an opportunity to try to validate the analysis using another, independent dataset. I was a bit worried that the results might look very different, in which case my attempt of “Trying to make sense of 10 years worth of SaaS funding data” would have led me to publish non-sense.

As you’ll see below, though, you’ll see that, fortunately, the data from both sources paints a fairly similar picture. There are definitely some differences, but in most cases, the Crunchbase data and the PitchBook data show the same trend, and it’s just the amplitude that’s different. The latter isn’t surprising: As I wrote in the original post, there are a lot of SaaS companies that don’t have the “SaaS” tag in Crunchbase, which is why I’ve extended the filter to “Software”, “Enterprise Software”, and “Cloud Computing”, with the side effect of casting the net a little too wide.

To compare the two data sources, I’ve created a number of charts that show the data from Crunchbase and PitchBook side-by-side. As you can see, I broke the data down by stage (Seed to Series D), geography (worldwide, and North America plus Europe), number of deals, and $ amounts invested. Have a look: