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• • Optimal URL: /best-venture-capital-firms-saas
  • Meta title: 35+ Top VC Firms for SaaS

• Meta description: Discover the best venture capital firms for SaaS companies and other software companies this year, from seed funding to Series C rounds. 

 

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If you’re a software founder pushing through the early stages of building a product, chasing product-market fit, and convincing your first real customers to take a bet on you, you know how important it is to find the right venture partner to help scale.

The right VC doesn’t just wire a check. They show up. They push your thinking, open doors, help you hire, and know what it takes to scale software.

But with hundreds of firms claiming to support SaaS growth, how do you find the ones who add value? The partners who don’t just wire funds, but help you shape strategy, recruit key hires, and drive toward long-term success?

This guide will review some of the top venture firms for SaaS companies who don’t just talk about adding value—they have the track record, hands-on support, and specialized expertise to actually accelerate your journey from seed to scale.

Whether you’re looking for a partner with deep operational knowledge, a network of seasoned advisors, or a proven history of guiding SaaS startups through rapid growth and exits, these are the VC firms founders consistently recommend.

The Current State of SaaS Investing 

Is SaaS investing more challenging now than a few years ago? Yes, but the capital hasn’t disappeared. It’s just flowing more selectively.

VC funding is rebounding, but still concentrated

Global venture capital funding reached $368 billion in 2024, up almost 7 percent from the year before. That recovery was driven by outliers like Databricks’ $10 billion Series J and OpenAI’s $6.6 billion raise. While deal volume hit a decade low, strong SaaS companies are still raising meaningful capital with the right partners.

Enterprise SaaS led the way in 2024

Enterprise software attracted 42 percent of global VC dollars last year. That outpaced the market’s overall growth and reflects investor confidence in B2B infrastructure and AI. In the end, enterprise SaaS remains one of the most attractive categories to build in for founders solving real-life problems with long-term potential.

Public markets are stabilizing

After a turbulent few years, public SaaS valuations have started to normalize. Revenue multiples improved slightly in late 2024, and growth across public SaaS slowed from 17 percent to 14 percent. With IPOs expected to return in 2025, the market is creating space for breakout companies to reach the public stage again.

 

What this means for SaaS founders

Capital is still available, but fewer companies are getting it. VCs are prioritizing startups with strong growth signals, proven product-market fit and founder-market fit, and defensible business models. Founders who approach conversations with a clear vision and traction still have a real shot at raising and scaling successfully.

 

Top VC Firms: Seed-Stage and Beyond

These firms are highly active at the pre-seed and seed stages and often lead rounds for early SaaS startups:

1. Bonfire Ventures

• Location: Los Angeles, USA

• Sector focus: eCommerce & Marketing, FinTech & Crypto, Future of Work, GoToMarket Tech, Horizontal Solutions, Industry Cloud, Modern Healthcare, Product Tech, Transportation & Logistics

• Investment stages: Seed

• Popular investments: Boulevard, MNTN, Scopely, The Trade Desk, Supio, Rwazi

• Website: bonfirevc.com

 

Bonfire Ventures leads Seed rounds for B2B software companies—and only B2B software companies. The team leads 8–12 rounds per year, writing $2.5M–$4M checks and staying hands-on as founders scale from Seed to Series A and beyond. That focused approach drives results: over 75% of Bonfire-backed companies raise successful Series A rounds—nearly double the industry average.

 

With $1B+ in assets under management and two top-decile funds, Bonfire is known for its deep sector expertise, operational insight, and long-term partnership with founders building meaningful software businesses.

• First Round Capital

• Location: California, USA
• Sector focus: AI, hardware, healthcare, fintech
• Investment stages: Pre-seed, Seed, Early-stage
• Popular investments: Uber, Square, Roblox
• Website: firstround.com

 

First Round Capital was founded in 2004 with a focus on backing founders at the earliest stages. They typically invest between $500K and $3M and stay actively involved after the round closes. Their team helps founders with hiring, go-to-market feedback, and customer development. 

• Battery Ventures 

• Location: Massachusetts, USA

• Sector focus: Application software, infrastructure software, consumer

• Investment stages: Seed through buyout

• Popular investments: Braze, Amplitude, Gong, Groupon

• Website: battery.com

 

Battery Ventures launched in 1983 to back technology founders across all stages. They maintain focused expertise in areas like talent, business development, marketing, and leadership to support founders post-investment. Battery writes checks from $100K to $50M depending on stage. 

• Initialized Capital

• Location: California, USA

• Sector focus: Enterprise SaaS, sustainability, health, crypto, AI, hard-tech 

• Investment stages: Pre-seed, Seed

• Popular investments: Coinbase, Instacart, Ro

• Website: initialized.com

 

Alexis Ohanian, Harjeet Taggar, and Garry Tan founded Initialized Capital in 2011, writing seed-stage checks between $1M and $4M. The firm now manages over $3 billion and has supported over 175 companies, including 23 that went on to become unicorns. They maintain a hands-on approach, covering product, engineering, design, PR, marketing, finance, and legal.

• Floodgate

• Location: California, USA

• Sector focus: AI, consumer tech, deep-tech 

• Investment stages: Pre-seed, Seed

• Popular investments: Lyft, Twitter, Okta

• Website: floodgate.com

 

Floodgate backs unconventional, high-upside startups in their earliest stage. The firm typically deploys between $100K and $1M per round and averages around 13–24 new investments per year. They have a reputation for early-stage conviction, backing Lyft, Twitter, Okta, and Applied Intuition before those companies broke out.

• Boldstart Ventures 

• Location: New York, USA

• Sector focus: SaaS, developer tools, cybersecurity, blockchain infrastructure 

• Investment stages: Pre-seed, Seed

• Popular investments: Robin, Blockdaemon, Spectro Cloud

• Website: boldstart.vc

 

Ed Sim launched Boldstart to support technical founders before they even hired their first team. The firm leads early rounds with $500K–$5M checks and helps with hiring, product validation, GTM setup, and ecosystem connections. Their sixth flagship fund of roughly $192M supports a portfolio of over 170 startups. 

• Bessemer Venture Partners

• • Location: California, USA
  • Sector focus: SaaS, consumer, fintech, healthcare, AI/ML, biotech  
  • Investment stages: Seed through growth and buyout

• Popular investments: Pinterest, Shopify, Twilio

• Website: bvp.com 

 

Bessemer Venture Partners traces back to 1911 and reemerged as a venture firm in the 1970s. They’ve since grown in the global VC space, supporting founders from their seed days through growth, public markets, and M&A. Their portfolio includes around 300 live companies, with over 145 IPOs, writing stage-appropriate checks from half a million to tens of millions.

• Emergence 

• Location: California, USA

• Sector focus: B2B software, SaaS, enterprise AI 

• Investment stages: Seed, Series A, early growth

• Popular investments: Zoom, Bill.com, Doximity

• Website: emcap.com

 

Emergence formed to target B2B software and SaaS companies using cloud and AI. Their team invests selectively, focusing deeply on operational leverage after closing. More than 90% of Emergence-backed seed-stage companies secure successful follow-on rounds, a fifth reach unicorn status, and one in ten complete IPOs.

• Susa Ventures

• Location: California, USA

• Sector focus: SaaS, developer tools, marketplaces, fintech, AI 

• Investment stages: Pre-seed, Seed

• Popular investments: Robinhood, Flexport, Stord

• Website: susaventures.com

 

Since 2013, Susa Ventures has partnered with over 100 startups at the earliest stages. They are investing up to $5M per company while offering capital, community, customer introductions, and support frameworks. Around ten percent of their portfolio has crossed into unicorn valuation.

• Eniac Ventures

• Location: New York, USA

• Sector focus: Consumer, B2B SaaS, fintech, healthcare, deep tech, crypto/Web3 

• Investment stages: Pre-seed, Seed, Series A and B follow-ons

• Popular investments: Airbnb, Uber, Attentive

• Website: eniac.vc

 

Eniac Ventures specializes in working alongside technical founders and teams working in software, AI, health, fintech, or blockchain. The firm deploys early checks from $100K to $3M and follows on into later rounds, including Series B. They’ve partnered with nearly 184 companies to date and secured approximately 45 exits.

• Pear VC

• Location: California, USA
• Sector focus: SaaS, AI, consumer, fintech, biotech 
• Investment stages: Pre-seed, Seed, Series A
• Popular investments: DoorDash, Gusto, Guardant Health
• Website: pear.vc 

 

Pear VC supports pre-seed rounds with $250K–$2M through their PearX accelerator program. Then, they support companies through seed and follow-on rounds up to $5M. Founders gain access to Pear Studio workspace, dedicated recruiters, fundraising help, GTM coaching, and cloud credits. 

• Costanoa Ventures

• Location: California, USA

• Sector focus: SaaS, fintech, cybersecurity, AI/data infrastructure 

• Investment stages: Pre-seed, Seed, Series A 

• Popular investments: Quizlet, AppOmni, Cyberhaven

• Website: costanoa.vc

 

Costanoa Ventures focuses exclusively on enterprise and fintech founders at stages from pre-seed through Series A. They invest $1M–$10M per company and maintain active relationships through “BuilderOps” support, including recruiting, product, marketing, and fundraising assistance. Costanoia has around 104 companies in their portfolio and about 20 successful exits.

• XYZ Venture Capital

• Location: California, USA

• Sector focus: Fintech, enterprise software, public-sector tech, insurance infrastructure 

• Investment stages: Pre-seed, Seed, Series A

• Popular investments: Anduril, Saltbox, Legion

• Website: xyz.vc

 

XYZ Venture Capital operates as an embedded partner rather than a typical investment backer. The team focuses on helping founders scale faster by supporting product decisions, go-to-market plans, hiring, and fundraising execution. Their first checks typically fall between $500K and $2M  to establish initial traction, followed by the flexibility to participate in larger Series A follow-on rounds.

• SignalFire

• Location: California, USA

• Sector focus: AI/ML, enterprise SaaS, cybersecurity, healthcare, consumer tech 

• Investment stages: Pre-seed through Series B 

• Popular investments: Grammarly, Grow Therapy, Flock Freight

• Website: signalfire.com

 

SignalFire launched in 2013 and typically writes $500K–$1M checks in seed rounds and scales into later stages. Their proprietary Beacon AI platform gives founders access to talent mapping, market intelligence, and tactical tools. That tech-first model delivers about 47 portfolio touchpoints per company every quarter.

• Kleiner Perkins

• Location: California, USA

• Sector focus: Early-stage tech, digital transformation, climate/healthtech, AI 

• Investment stages: Seed

• Popular investments: Amazon, Google, Twitter

• Website: kleinerperkins.com

 

Kleiner Perkins has backed major tech movements since 1972 and continues investing in early-stage founders. Each of their latest flagship funds invests in around 35 companies over two years. The firm typically writes $500K–$3M checks and follows on with much larger rounds 

• Upfront Ventures

• Location: California, USA

• Sector focus: SaaS, consumer internet, digital media, fintech, AI 

• Investment stages: Pre‑seed, Seed, Series A 

• Popular investments: Bird, GoodRx, ThredUp 

• Website: upfront.com

 

Upfront Ventures leads seed rounds typically with $500K–$3M checks. They support standout companies with follow-ons up to $15M. The firm focuses heavily on the Southern California startup space.

• New Enterprise Associates

• Location: New York, USA

• Sector focus: Tech, healthcare, digital health, enterprise, consumer

• Investment stages: Seed through growth 

• Popular investments: Salesforce, Zoom, Workday

• Website: nea.com

 

New Enterprise Associates has backed over 1,000 companies from seed to growth. They typically write $500K–$3M checks in the early stage, scaling to tens of millions later. Its portfolio includes more than 250 IPOs, 300 acquisitions, and over 650 total exits.

• TenOneTen Ventures

• Location: California, USA

• Sector focus: B2B software, healthcare, logistics, real estate, manufacturing

• Investment stages: Pre-seed, Seed, Series A follow-ons 

• Popular investments: Attentive, Alloy, Hinge

• Website: tenoneten.com

 

TenOneTen Ventures supports technical founders with initial checks between $500K and $5M. They work with about ten new startups each year and have backed around 184 companies and recorded close to 45 exits. TenOneTen partners embed as active advisors on product strategy, hiring, and PR. 

 

Top VC Firms for Pre-seed Funding

 

These firms back SaaS from seed to growth and IPO. They have deep resources and name recognition:

1. Hustle Fund

• Location: California, USA 

• Sector focus: B2B, fintech, digital health, Web3

• Investment stages: Pre-seed 

• Popular investments: Acorns, webflow, Alal

• Website: hustlefund.vc

 

Hustle Fund commits $150K checks and makes decisions within 24–48 hours. They work with early founders building MVPs and generating initial customer interest. They focus on speed and resourcefulness over process with a $46M fund.

 

1. Watertown Ventures

• Location: California, USA 

• Sector focus: Enterprise software, consumer platforms, fintech, IoT, Web3 

• Investment stages: Pre-seed

• Popular investments: stability.ai, sisu, Glassbox

• Website: watertowerventures.com

 

Watertower Ventures aims to be the first institutional check a company receives. They deploy $250K–$1.5M on pre-seed rounds and reserve follow-on capital. The team brings startup experience and connections for founders looking to shift from human dependency to trusted automated intelligence.

 

1. Bee Partners

• Location: California, USA 

• Sector focus: Deep tech, AI, biotech, human-machine systems 

• Investment stages: Pre‑seed, Seed 

• Popular investments: Vicarious Surgical, Ginkgo Bioworks

• Website: beepartners.vc

 

Bee Partners focuses on deep-technology teams within hardware, biology, and AI. They write initial checks in the $350K–$1.5M range and invest in around 25 startups per fund. More than 60 percent of those startups go on to raise Series A financing, demonstrating real follow-through.

 

1. Hannah Grey

• Location: Colorado, USA

• Sector focus: SaaS, consumer tech, fintech, health, future of work 

• Investment stages: Pre‑seed, Seed 

• Popular investments: Lumen5, Dash, Ally.io 

• Website: hannahgrey.com

 

Hannah Grey makes $350K–$1M first checks for pre-seed founders. They kickstart rounds and build together from day one through a $52M debut fund. Portfolio companies include media automation platform Lumen5, remote work tool Dash, and OKR software Ally.io. 

 

1. January Ventures

• Location: Massachusetts, USA 

• Sector focus: Enterprise software, fintech, digital health, climate, future of work 

• Investment stages: Pre‑seed, Seed 

• Popular investments: Ethena, Kapwing, Oula Health 

• Website: january.ventures

 

January Ventures supports founders who haven’t been through any funding stages before. They commit $250K–$500K to pre-seed rounds and back 35–40 startups per fund. They offer dedicated programming that helps structure the pre-seed process and build a strong board and investor base before higher-stakes rounds.

 

1. Matchstick Ventures 

• Location: Colorado, USA

• Sector focus: Enterprise SaaS, consumer, fintech, IoT, Web3 

• Investment stages: Pre‑seed, Seed 

• Popular investments: Spekit, Ordermark, Soona 

• Website: matchstick.vc

 

Matchstick Ventures typically writes $500K–$1.5M upfront and fills multiple founder roles. Their team helps shape product direction, recruiting, and early GTM. They have over 100 portfolio companies, providing founder-to-founder operational lessons and local network connections.

 

1. BAM Ventures 

• Location: California, USA 

• Sector focus: Consumer tech, commerce, lifestyle 

• Investment stages: Pre‑seed, Seed

• Popular investments: Honey, ClassPass, Daily Harvest 

• Website: bam.vc

 

BAM Ventures funds consumer founders early with $100K–$1M checks. They operate as an accelerator, with weekly office hours and introductions to experts in growth marketing, community building, and retail partnerships. Their $150K pre-seed led to a $45M exit when Honey sold to PayPal.

 

1. Village Global 

• Location: California, USA 

• Sector focus: SaaS, fintech, consumer, marketplaces, AI 

• Investment stages: Pre‑seed, Seed

• Popular investments: Multiverse, Applied Intuition, Airbase 

• Website: villageglobal.vc

 

Village Global partners with pre-seed founders using both capital and network leverage. They lead rounds with $500K–$3M and run the Velocity accelerator, where founders access mentoring from a 400+ member network of XC-level leaders and top VCs. This support spans hiring, partnerships, GTM strategy, and global expansion.

 

1. Afore Capital 

• Location: Massachusetts, USA 

• Sector focus: SaaS, digital health, future-of-work tech 

• Investment stages: Pre‑seed, Seed

• Popular investments: PillPack, DispatchHealth, CultureAmp 

• Website: afore.vc

 

Afore invests early in founders building software for real-world systems. They write $250K–$750K checks and partner closely on product definitions tailored to doctors, employees, and enterprise workflows. Their team leverages their insight in healthcare and operations to help founders refine use cases and land pilot agreements.

 

1. Precursor Ventures 

• Location: California, USA

• Sector focus: Early-stage SaaS, marketplaces, developer tools, fintech 

• Investment stages: Pre‑seed, Seed

• Popular investments: Robinhood, Lambda School, Branch Metrics 

• Website: precursorvc.com

 

Precursor leads product-first founding teams with $150K–$350K checks and a deliberate pace. They average fewer than 40 investments annually. Their strategy prioritizes product traction, early revenue, and GTM signal before writing larger checks. They provide weekly office hours and investor intros to help product-focused founders find their footing.

 

1. Workbench

• Location: California, USA 

• Sector focus: Enterprise software, AI/ML, cybersecurity, infrastructure 

• Investment stages: Pre‑seed, Seed

• Popular investments: Cockroach Labs, Spring Health, Authzed 

• Website: work-bench.com

 

Work-Bench backs enterprise teams starting at pre-seed with $500K–$1.5M, bridging founders into Fortune 500 pilot pipelines. Founded by Jonathan Lehr and Jessica Lin, they offer go-to-market programming and mentor networks that connect SaaS founders directly to technical buyers. The fund emphasizes embedded enterprise knowledge over volume.

 

1. Amino Capital 

• Location: California, USA 

• Sector focus: Consumer internet, enterprise SaaS, fintech, marketplaces, crypto/Web3 

• Investment stages: Pre‑seed, Seed

• Popular investments: Gutter, Prism, Crew 

• Website: aminocapital.com

 

Amino Capital invests in founders across both consumer and enterprise verticals, starting with pre-seed checks of $250K–$1.5M. They follow a conviction-based model with fewer than 30 new investments per fund, offering a play-by-play partner that leans in on branding, product, and early hiring decisions. 

 

1. General Catalyst

• Location: Massachusetts, USA 

• Sector focus: Enterprise, consumer, healthtech, AI, fintech, Web3 

• Investment stages: Pre‑seed, Seed, Series  A 

• Popular investments: Airbnb, Stripe, HubSpot

• Website: generalcatalyst.com

 

General Catalyst backs founders from their first seed check through global expansion. Seed investments usually range from $500K to $3M, and they routinely support follow‑on rounds with tens of millions. They also lean on their global teams across the US, Europe, and India to help founders enter new markets and scale.

 

1. BoxGroup 

• Location: New York, USA 

• Sector focus: B2B SaaS, marketplaces, fintech, consumer, climate 

• Investment stages: Pre‑seed, Seed 

• Popular investments: Ramp, Airline, Bowery Farming 

• Website: boxgroup.com

 

BoxGroup writes early checks between $100K and $1M, then reserves follow-on capacity as startups scale. They’ve backed over 230 companies since 2007. BoxGroup typically makes the first or second institutional check and remains active through Series A.

 

1. Gradient Ventures 

• Location: California, USA 

• Sector focus: Applied AI/ML, data infrastructure, enterprise AI 

• Investment stages: Pre‑seed, Seed, Series A 

• Popular investments: Streamlit, Writer, Lambda

• Website: gradient.com

 

Gradient backs AI-native founders with access to both capital and Google’s technical infrastructure. They typically lead seed rounds with $500K–$3M checks while retaining capacity for larger follow-ons. The team also offers support from Google’s AI teams, engineering talent, and product expertise. 

 

1. Wonder Ventures 

• Location: California, USA 

• Sector focus: Consumer, SaaS, marketplaces, fintech, climate 

• Investment stages: Pre‑seed, Seed 

• Popular investments: Honey, Whatnot, Clutter

• Website: wondervc.com

 

Wonder Ventures leads pre-seed rounds with checks from $100K to $3M and emphasizes an operational first approach. Their community includes over 200 founders and over 70 LA-based founder-LPs who offer hands-on guidance. Support covers hiring, early GTM setup, and navigating Series A readiness.

 

1. Anorak Ventures 

• Location: California, USA 

• Sector focus: AR/VR, AI, robotics, gaming

• Investment stages: Pre‑seed, Seed 

• Popular investments: Anduril, Flexport, Oculus

• Website: anorak.vc

 

Anorak is a seed-stage firm that invests early and stays actively involved. They write checks between $100K and $500K, focusing on deep-tech startups in areas like AR/VR, AI, and robotics. Their strategy centers on providing both capital and sector-specific support for founders tackling complex technical problems.

How to reach out to your dream VC firm 

Reaching out to investors isn’t complicated, but it does take proper planning and execution to lock in meetings. The strongest outreach comes from founders who know who they’re targeting, why they’re a fit, and what they’re asking for.

 

1. Know who you’re targeting: Start by narrowing your preferred list of firms. Make a short list of investors who are active at your stage, write checks in your range, and have backed SaaS companies with similar business models or GTM motions. Don’t waste time pitching firms that focus on consumer apps when you’re building B2B fintech.

 

Once you’ve got your list, study their portfolio. Understand their thesis. Look at how involved they get post-investment and how concentrated their bets are. If a firm only backs six companies a year, they’re likely hands-on, so speak to that.

 

1. Personalize your outreach: Their inboxes will be flooded with plain “Dear Investor” emails. Stand out by mentioning one or two similar portfolio companies to yours and why you think your business is a similar fit. If you have a mutual connection, ask for an intro. If you don’t, cold outreach can still work. Just make it thoughtful.

 

A tight blurb with traction, team, and what you’re raising for is enough to earn interest. Save the deeper materials for when you get a reply.

 

1. Show them you’re ready: Investors back ideas and the operators behind them. Have your pitch deck ready with the fundamentals like problem, solution, traction, market, GTM strategy, and use of funds. Make sure your numbers are accurate and your narrative is impactful. If your data room isn’t cleaned up yet, flag that you’re working on it. Transparency can still build trust.

 

1. Follow up, but don’t spam: If you don’t hear back, follow up in a couple of weeks with a short progress update. Include a new customer, a big hire, or a product launch. Just keep it high-signal. Most investors appreciate persistence when it’s paired with progress.

 

Choose the best seed investor for your SaaS business

Capital can come from any venture firm. But the best partners also offer specialized support, deep networks, and years of insight that help founders scale better.

If you’re building a SaaS company and preparing to scale, expand into new markets, or raise your next round, choosing the right investor can make all the difference. Look beyond the check—seek out partners who are truly invested in your long-term success, who bring operational know-how, and who will roll up their sleeves when it matters most.

The right VC can accelerate your growth, open doors you didn’t know existed, and help you navigate the challenges of building a lasting company. Do your diligence, ask the tough questions, and pick a partner that’s as committed to your vision as you are.