Top 30 SaaS Investors That Invest in Startups Like Yours (Right Now)

Aggelos M
Product-Led Growth
Published in
13 min readJul 29, 2019

Looking for SaaS investors to invest in your tech startup?

Lucky for you, many venture capital firms are investing in SaaS companies.

Here are some of the software venture capital firms you’ll find in this list:

  1. Sequoia Capital
  2. The SaaStr Fund
  3. Costanoa Ventures
  4. Andreessen Horowitz

This list will help you find investors who are investing in early-stage startups like yours.

So if you want to secure your Seed or A’ Series round, you’ll need this list.

Let’s dive right into the investment companies.

Venture Capital Firm #1: Y Combinator

Y Combinator is one of the best VCs in the world, investing both in B2B and B2C products.

It provides Seed funding to startups and has also created a new model for funding early-stage startups.

According to Marc Andreessen, General Partner at Andreessen Horowitz:

“Y Combinator is the best program for creating top-end entrepreneurs that has ever existed.”

The VC has funded more than 2,000 startups, including some of the most popular ones:

  • Airbnb
  • Stripe
  • Dropbox
  • Segment
  • Instacart

Y Combinator is definitely one of the best VCs to look for help for your newly launched startup.

Website: Y Combinator

Type of Investments: Seed

Venture Capital Firm #2: Costanoa Ventures

The second VC I have for you is Costanoa Ventures.

This is a Seed and Series A

As the firm’s website states:

“The startup journey asks a lot of you. So will we. But we will give you everything we can in return.”

This means that raising money from Costanoa Ventures is not easy.

However, if your idea is solid, and if you have everything it takes to succeed, you’ll win a trusted partner that will guide you throughout every step you take.

Costanoa Ventures have invested money in some pretty interesting companies:

  • Stitchlabs
  • Amplify.ai
  • PayNearMe

Its headquarters are located in Palo Alto (California), while the VC also has offices in San Francisco.

Website: Costanoa Ventures

Type of Investments: Seed & Series A

Venture Capital Firm #3: The SaaStr Fund

As the name implies, The SaaStr Fund is a Venture Capital firm that invests heavily in SaaS companies.

This software Venture Capital firm is also responsible for the great event SaaStr Annual.

Here are some of the companies that have raised money from The SaaStr Fund:

  • MixMax
  • Algolia
  • Pipedrive
  • Greenhouse

The SaaS Fund is a B2B Venture Capital firm that is always on the lookout for great investment opportunities.

So if you are a SaaS founder, keep it at the top of your list.

Website: The SaaStr Fund

Type of Investments: Early-stage

Venture Capital Firm #4: SaaS Ventures

Here is another great SaaS investor.

According to its website, the SaaS Ventures:

“SaaS Ventures is a seed-stage venture capital fund focused on enterprise tech.”

So as you can imagine, SaaS Ventures is an excellent opportunity for software companies.

Especially for those selling enterprise solutions.

This B2B venture capital firm has invested in companies like:

  • TrackStreet
  • GoExpedi
  • Whitefox
  • LiveSource

Keep it at the top of your list.

Website: SaaS Venture Capital

Type of Investments: Seed

Venure Capital Firm #5: Sequoia Capital

Sequoia Capital is probably one of the most popular VCs in the world.

Here are some of the startups that belong to its portfolio:

  • Airbnb
  • Square
  • Zappos
  • Zoom
  • Instacart

With investors like the legendary Don Valentine, Sequoia is undoubtedly one of the most experienced VC firms out there.

Of course, raising money from Sequoia is not easy.

Sequoia is actively investing in some of the world’s fastest-growing startups, like Drift.

If you are a tech founder, keep this one at the top of your list.

Website: Sequoia Capital

Type of Investments: Seed & Series A

Venture Capital Firm #6: Atlanta Ventures

According to its website, Atlanta Ventures:

“Empowers entrepreneurs to achieve their potential through community, content and capital.”

This means that Atlanta Ventures doesn’t just fund startups, rather than equip them with all the tools and resources to succeed.

Atlanta Ventures usually invests in SaaS companies that:

  • <$1 Million Annual Recurring Revenue (ARR)
  • <$1 Million previous capital raised
  • <$1 Million targeted for current capital raise
  • Have 10+ paying customers

The fund usually invests from $250K to $1 million, and leads the round or do the entire round by itself.

Here are some of the companies Atlanta Ventures has invested in:

  • Calendly
  • SalesLoft
  • SingleOps

Make sure to check their website for more information.

Website: Atlanta Ventures

Type of Investments: Early-stage

Venture Capital Firm #7: VenTech

VenTech is a Series A VC firm that usually invests in companies that have already received an initial investment between €2 million and €5 million.

Moreover, the firm runs a Seed program through which it invests in early-stage and disruptive companies, between €100K and €250K.

Some of the startups in its portfolio include:

  • Albacross
  • Chattermill
  • Talent.io

VenTech invests solely in tech companies, regardless if it is B2B or B2C.

With a great tam of partners, this VC will guide you through the difficult paths of entrepreneurship.

Website: VenTech

Type of Investments: Series A

Venture Capital Firm #8: Andreessen Horowitz

Venture Capital firm Andreessen Horowitz was founded by pioneering investors Marc Andreessen and Ben Horowitz.

This VC is one of the few in the world that consistently invests in software and internet companies that tend to become very successful.

Some examples? Well, let’s see…

  • Instagram
  • Asana
  • BuzzFeed
  • Coinbase
  • GitHub

The firm, which is based in Silicon Valley, California, states that it is “stage agnostic.”

This means the investors can pour in money from Seed to late-stage companies.

It all depends on the company, the lifecycle stage, the momentum and whether or not it has managed to find a product-market fit.

Keep this at the top of your list.

Website: Andreessen Horowitz

Type of Investments:

Venture Capital Firm #9: 500 Startups

500 Startups is another great VC that is always on the lookout for investment opportunities.

Here is the firm’s mission, based on its website:

“500’s mission is to discover and back the world’s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems.”

The firm has a diverse team of entrepreneurs, partners and investment managers.

Here are some of the companies 500 Startups have invested in:

  • Canva
  • Udemy
  • Intercom
  • GitLab

Make sure to check it out.

Website: 500 Startups

Type of Investments: Seed, Early-stage

Venture Capital Firm #10: OpenView Venture

OpenView Venture is “the expansion stage VC.”

What does that mean?

After carefully reviewing your company’s structure, lifecycle stage, employees and your product, OpenView will help you find…

  • The network
  • The operational resources
  • The expertise

… To grow your business further.

Here are some of OpenView’s most popular investments:

  • Deputy
  • Logz.io
  • VTS
  • Expensify
  • Workfront

Keep it at the top of your list.

Website: OpenView Venture

Type of Investments: Debt, Early Stage Venture, Late Stage Venture

Venture Capital Firm #11: AngelPad

AngelPad ranks as the best accelerator MIT’s Seed Accelerator Benchmark, every year since 2015.

AngelPad is a seed-stage accelerator program, based in NYC and San Francisco.

Since 2015, AngelPad has helped more than 150 companies launch their products, through a very intense 3-month program for young founders.

The program runs every 6 months and is limited to a limited team, from a massive pool of applicants.

Website: Angel Pad

Type of Investments: Accelerator

Venture Capital Firm #12: Battery Ventures

Battery Ventures is a venture capital firm that has invested in more than 300 companies over its 36-year history.

Some of the startups that have received funding from Battery Ventures are:

  • Glassdoor
  • Catchpoint
  • Collibra
  • Redox

These are the types of companies the firm usually invests to:

  • Application Software
  • IT Infrastructure
  • Consumer Internet/Mobile
  • Industrial Technology
  • Tech-Enabled Services

Make sure to check this one.

Website: Battery Ventures

Type of Investments: Early-stage

Venture Capital Firm #13: Boldstart Ventures

Boldstart Ventures is a “first check, lead investors for technical enterprise founders.”

Here are some of the most popular companies in its portfolio:

  • Catalytics
  • Divide
  • Superhuman
  • Klipfolio

If you are a founder of a tech startup, you’d want to check this one.

Website: Boldstart Ventures

Type of Investments: Seed

Venture Capital Firm #14: Eight Roads Ventures

Eight Roads is active on ventures, principal investments and real estate.

Since 1969, when the firm was founded, it has invested in more than 300 companies worldwide — companies like:

  • Alibaba Group
  • Avidity
  • 8FIT

The firm has offices in more than 10 countries, including its offices in China, the United Kingdom and the United States.

Website: Eight Roads Ventures

Type of Investments: Early Stage Venture, Late Stage Venture, Post-Ipo, Private Equity, Seed

Venture Capital Firm #15: VentureFriends

Venture Friends is a relatively young VC firm, located in Greece.

The firm has invested in various software and tech companies like:

  • Blueground
  • Welcome Pickups
  • Contact Pidgeon
  • Ad Espresso

Make sure to check the VC’s website for more information.

Website: Venture Friends

Type of Investments: Early-stage

Venture Capital Firm #16: Insight Venture Partners

Insights Venture Partners are software experts investing in growth.

It is a VC firm based in NYC that invests and supports companies from all around the world.

Some numbers regarding the firm’s action:

  • Over $20 billion in AUM
  • 300+ primary investments
  • 200+ portfolio acquisitions

Make sure to check this one.

Website: Insight Venture Partners

Type of Investments: Debt, Early Stage Venture, Late Stage Venture, Private Equity, Seed

Venture Capital Firm #17: L-Spark

Are you looking for a SaaS investor in Canada?

Then this VC firm is for you.

L-Spark is Canada’s leading SaaS accelerator.

Some of the companies you’ll find in L-Spark’s investment portfolio are:

  • Cybeats
  • Acerta
  • Fitcheck
  • ZINation

L-Spark also runs a series of events for founders and people working in SaaS companies.

Website: L-Spark

Type of Investments: Seed

Venture Capital Firm #18: Acceleprise

Acceleprise is “the top B2B SaaS accelerator, backed by leading operators.”

Some of the companies that have joined the accelerator are:

  • Fomo
  • TrackMaven
  • Unique.ai

Acceleprise has a very simple and straightforward process for helping companies that join the program.

Last but not least, the firm has offices in Washington DC and San Francisco.

Make sure to check its website for more information.

Website: Acceleprise

Type of Investments: Early-stage, Seed

Venture Capital Firm #19: Accel

Accel is an early and growth-stage venture capital firm that powers a global community of entrepreneurs.

The firm, which has offices in the San Francisco Bay Area, was founded back in 1983 by Arthur Patterson and Jim Swartz.

Accel has invested in some of today’s most prolific software companies like:

  • Facebook
  • Atlassian
  • Dropbox
  • Slack
  • Spotify

So as you can understand, Accel is ideal both for B2B and B2C companies.

Keep this one at the top of your list.

Website: Accel

Type of Investments: Early Stage Venture, Late Stage Venture, Seed

Venture Capital Firm #20: Northzone

Northzone is a venture capital firm investing in winners since 1996.

The firm has invested in companies like:

  • Trustpilot
  • Catawiki
  • MarketInvoice

Its headquarters are located in Stockholm (Sweden), which makes it an ideal VC firm for SaaS founders that operate within Europe.

Check it out in the link that follows.

Website: Northzone

Type of Investments: Early-stage, Seed

Venture Capital Firm #21: New Enterprise Associates

New Enterprise Associates is a global venture capital firm investing in technology and healthcare.

The firm is headquartered in the San Francisco Bay Area and also has offices in NYC, China, Washington DC, Menlo Park (California) and Boston.

New Enterprise Associates have an impressive portfolio that counts:

  • 360 mergers and acquisitions
  • 210 IPOs

If you are on a late stage, you might want to check this one.

Website: New Enterprise Associates

Type of Investments: Debt, Early Stage Venture, Late Stage Venture, Post-Ipo, Private Equity, Seed

Venture Capital Firm #22: Frog Capital

Frog Capital helps you scale-up your expertise and raise capital for your tech startup.

Let’s take a look at some numbers…

  • €1 billion total exit transactions since 2010
  • Almost 40% portfolio revenue growth PA
  • Portfolio of over 60 tech companies

Frog Capital is ideal both for B2B and B2C products, as long as there is potential and the necessary vision.

Website: Frog Capital

Type of Investments: Early Stage Venture, Late Stage Venture, Private Equity

Venture Capital Firm #23: Frontline Ventures

Frontline Ventures invest in “ambitious seed-stage B2B founders.”

Some of the companies that Frontline Ventures have helped:

  • Tandem
  • Verve.co
  • Pathfinder
  • AQMetrics

If you are a founder of a B2B company, you’d want to connect with the firm’s partners and initiate meaningful conversations.

Website: Frontline Ventures

Type of Investments: Seed

Venture Capital Firm #24: PROfounders Capital

PROfounders Capital is an early-stage VC backed by successful entrepreneurs and focused on investing in technology start-ups across Europe.

The firm has many interesting companies in its investment portfolio:

  • Flux
  • Unity
  • OneFineStay

The good thing about PROfounders Capital is that it is really open to founders who want to ask questions regarding a potential investment.

Make sure to check it out.

Website: PROfounders Capital

Type of Investments: Early-stage, Seed

Venture Capital Firm #25: 83North

83North focuses on backing-up European and Israeli entrepreneurs.

The firm, which is based in Tel Aviv, has founded companies like:

  • BlueVine
  • Payoneer
  • ScaleIO
  • Workable

83North is ideal for both early-stage and late-stage investments.

So if you happen to be in Europe or Israel, you’d want to keep this at the top of your list.

Website: 83North (formerly Greylock IL)

Type of Investments: Seed, Early-stage, Late-stage

Venture Capital Firm #26: Point Nine

Point Nine Capital is a Berlin-based venture capital firm focused on early-stage investments related to SaaS and digital marketplaces.

The firm is based in Berlin but invests in companies from all over the world.

Some of the companies that Point Nine has invested in are:

  • Algolia
  • Delivery Hero
  • Geckoboard
  • Loom

As you can see, Point Nine has a diverse portfolio, which makes it an ideal opportunity for tech founders who are actively seeking VC money.

Website: Point Nine

Type of Investments: Seed, Early-stage, Late-stage

Venture Capital Firm #27: Alchemist

Alchemist is a VC-backed accelerator that helps startups selling in enterprises.

Plain and simple.

Admissions are open three times per year, and the process for applying is fairly easy.

So if you want to build a startup that sells on enterprises and needs a go-to-market strategy, you’d want to check the Alchemist’s program.

Website: Alchemist

Type of Investments: Accelerator

Venture Capital Firm #28: Prime Ventures

Prime Ventures is:

“A leading venture capital and growth equity firm focused on investing in European companies in the technology and related industries.”

Here are some companies in the firm’s portfolio:

  • Dealerdirect
  • SlimPay
  • Meero

Make sure to check it out.

Website: Prime Ventures

Type of Investments: Early Stage Venture, Late Stage Venture, Private Equity, Seed

Venture Capital Firm #29: Draper Esprit

According to its Crunchbase profile, Draper Esprit is:

“Draper Esprit is a Pan-European venture capital fund that invests into disruptive tech companies at the early and growth stages.”

Some of the company’s investments include:

  • Trustpilot
  • SocialBakers
  • Movinga

You can see the complete list of SaaS companies that have raised money from Draper Esprit on their website.

This way, you’ll get an idea of what the VC considers to be an opportunity.

Let’s move on to the last one.

Website: Draper Esprit

Type of Investments: Seed, Early-stage, Late-stage

Venture Capital Firm #30: Bessemer Venture Partners

Bessemer Venture Partners is a leading VC firm that manages more than $4 billion of venture capital invested in over 130 companies around the world.

Some of the companies that the firm has invested in are:

  • Twilio
  • Pinterest
  • LinkedIn
  • Shopify
  • DocuSign

It is without a doubt that Bessemer Venture Partners is one of the best VCs for SaaS companies in the world.

Check it out.

Website: Bessemer Venture Partners

Type of Investments: Debt, Early Stage Venture, Late Stage Venture, Private Equity, Seed

Now It’s Your Turn

So there you have it.

You now know what the best funds investing in SaaS startups are.

Getting your company from one to zero is much more than securing a funding round.

As an entrepreneur, you must know that the quality of your product is everything.

If you can guarantee quality and if you have signs of product-market fit, then investors are more likely to put trust in you and invest in your tech startup.

So focus on the quality of your product, and investors will come to you.

Now I turn it over to you.

Which one of these investment firms do you think to go after first? Is it Y Combinator, or maybe Sequoia Venture Capital firm?

Let me know by leaving a comment below!

Originally published at https://www.growthsandwich.com on June 11, 2019.

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Aggelos M
Product-Led Growth

I help resilient Founders clean up the mess, put some order and scale to their potential through Product-led Growth (www.growthsandwich.com)