April’s SMB Software Venture Deals
Each month, we look at funding activity for startups serving the SMB space. See last month’s post here. To learn more about SurePath’s SMB focus and our SMB Software Thesis, send us a message at info@surepathcapital.com.
The pace of venture deals slowed somewhat in April, with nearly $500M invested across 40 completed deals, compared to $750M invested across 51 completed deals in March.
Largest Deals
April’ largest raise involved Austin-based BigCommerce, which powers e-commerce sites for over 60,000 merchants. The company makes it easy for its customers to launch e-commerce websites with manageable shipping and payments tracking and makes it easy to cross-sell on Amazon, eBay and Facebook. BigCommerce aims to build sites specifically for for mid-market brands brands with between $1 million and $50 million in revenue.
Here are the largest raises from last month:
Conclusion
Overall, April marked a relatively slow start to the 2nd quarter for SMB software deals. We’re curious to see how the remainder of the quarter stacks up to Q1, especially with the summer months right around the corner.
As we continue to track SMB software raises, we will provide updates every month and every year, SurePath publishes a report on the State of SMB Software. Be sure to subscribe to our mailing list to stay in the loop.
At SurePath Capital Partners we help startups raise the capital needed to become market leaders. When the time is right, we help our clients achieve profitable, deliberate exit strategies. We only work with startups in the SaaS, e-commerce, and marketplace segments. Across those segments we have a deep focus on companies serving the global SMB market. Say hello:info@surepathcapital.com
