May SMB SaaS VC Funding
Every month, we look at funding activity for startups serving the SMB space . See our last month’s post here. To learn more about SurePath’s SMB focus, send us a message at info@surepathcapital.com.
SMB SaaS Startups That Raised In May
There were 33 SaaS fundraising deals in the SMB market in May, up strongly from the 17 deals each in April and March.
Raise By Series
Largest Deals
Average Number of Employees at Time of Raise
Raises by Industry
Raises by Country
A lot of location diversity this month, but the United States still leads the pack in terms of venture capital raises in the SMB space.
Thoughts of the Month
It was a busy month in SMB SaaS with almost double the deal flow of what we have seen in the prior two months. As always, back office solutions and vertical specific solutions seem to dominate the SMB SaaS space.
We are seeing a number of real estate SaaS platforms for brokerages and property managers. This is an extremely fragmented market. It’s not surprising that there is not yet an industry leader in the space.
The second most frequently funded vertical is health practitioners, which are still predominantly reliant on paper files to track their clients.
As we continue to track SMB SaaS raises, we will provide updates every month. Every year, SurePath publishes a report on the State of SMB, be sure to subscribe to our mailing list.
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
