Active SaaS investors funding B2B software right now

The SaaS funding market tightened significantly in 2023-2024, but money is still moving. These investors closed B2B software deals in the last 18 months and are actively looking at new opportunities.

Quick list

Picking the right SaaS investor

Experience: Find investors who've backed companies through negative unit economics to profitability. Ask their portfolio companies about actual help during pivot decisions.

Network: Check if they can intro you to enterprise buyers or distribution partners—that matters more than brand names. Generic advisor networks don't move deals.

Alignment: Make sure they've funded similar business models before. Enterprise investors often don't understand PLG burn rates. Usage-based pricing confuses traditional SaaS investors.

Track record: Look at whether their portfolio companies raised follow-on rounds. Dead portfolio companies are a red flag. Check how many reached $10M ARR within 3 years.

Communication: Use Ellty to share your deck with trackable links. You'll see who actually opens your financial projections versus just skimming your product screenshots.

Value-add: Ask what operational support they provide during scaling from 10 to 100 customers. Generic "we have a great network" answers are useless. Get specific names of who helps with sales hiring.

How to approach SaaS investors

Identify potential investors: Research recent deals on Pitchbook or Crunchbase. Seed funds won't lead your Series B, no matter how good your metrics are. Check their investment pace—some funds deploy once a quarter, others weekly.

Craft a compelling pitch: Show ARR growth rate and net retention in your pitch. Most investors are tired of TAM slides without customer economics. Lead with your payback period if it's under 12 months.

Share your pitch deck: Upload to Ellty and send trackable links. Monitor which pages investors spend time on—if they skip your unit economics, that's useful information. You'll know if they're serious before the first call.

Utilize your network: Message portfolio founders on LinkedIn and ask about response times and actual value-add. Most will be honest. Don't waste time with investors who ghost their portfolio companies.

Attend networking events: SaaStr Annual and SaaS Connect are where deals actually happen. Skip the small local events. Most seed-stage networking events are full of other founders, not check-writers.

Engage on online platforms: Connect with partners on LinkedIn after you've been introduced. Cold DMs rarely work for SaaS investors. Twitter engagement helps but won't replace warm intros.

Organize due diligence: Set up an Ellty data room with your financial model and cap table before they ask. It speeds up the process. Include your data security questionnaire—enterprise buyers will ask for it anyway.

Set up introductory meetings: Lead with your GTM efficiency. Don't waste 20 minutes on market size slides they've seen 100 times. Show CAC payback and sales cycle length in the first 5 minutes.

Why this matters now

SaaS valuations compressed 60-70% from 2021 peaks but stabilized in Q4 2024. November 2025 data shows enterprise software deals are happening again, but at reasonable multiples. Rule of 40 companies are getting funded. Money-losing growth stories aren't.

Investors want proof of efficient growth. Your CAC payback period matters more than headcount growth rate. Companies showing path to profitability within 18 months are getting better terms than those burning $2M monthly with no end in sight.

25 top SaaS investors

1. Bessemer Venture Partners

They've backed SaaS companies since the category existed and actually understand enterprise sales cycles.

• Recent Deals: Fivetran $565M Series D ($5.6B valuation, June 2024), Toast IPO support (2021), Twilio growth rounds
• LinkedIn: Byron Deeter
• Sector Focus: Enterprise SaaS, vertical SaaS, developer tools, fintech infrastructure
• Stage Focus: Series A, Series B, Series C, growth stage
• Location: San Francisco, USA
• Website: bvp.com

2. Index Ventures

European fund that moved early on PLG and backs technical founders.

• Recent Deals: Wiz $1B Series E ($12B valuation, May 2024), Figma growth rounds, Ramp Series C
• LinkedIn: Mike Volpi
• Sector Focus: Security, infrastructure, PLG SaaS, developer tools
• Stage Focus: Seed, Series A, Series B, Series C
• Location: London, UK / San Francisco, USA
• Website: indexventures.com

3. Insight Partners

Growth-stage fund that writes big checks and doesn't micromanage.

• Recent Deals: Vanta $150M Series C ($2.45B valuation, October 2024), Recorded Future acquisition, ThoughtSpot growth rounds
• LinkedIn: Jeff Horing
• Sector Focus: Security, compliance, data analytics, vertical SaaS
• Stage Focus: Series C, Series D, growth stage
• Location: New York, USA
• Website: insightpartners.com

4. Lightspeed Venture Partners

They move fast on decisions and have deep enterprise buyer networks.

• Recent Deals: Rubrik IPO ($713M raised, April 2024), Navan growth rounds, Affirm IPO support
• LinkedIn: Ravi Mhatre
• Sector Focus: Enterprise SaaS, fintech, security, infrastructure
• Stage Focus: Series A, Series B, Series C, growth stage
• Location: Menlo Park, USA
• Website: lsvp.com

5. Accel

Solid brand name that helps with follow-on rounds and customer intros.

• Recent Deals: Webflow $120M Series C extension (March 2024), Notion Series C, Slack early rounds
• LinkedIn: Ryan Sweeney
• Sector Focus: PLG SaaS, collaboration tools, vertical SaaS, infrastructure
• Stage Focus: Series A, Series B, Series C
• Location: Palo Alto, USA
• Website: accel.com

6. Battery Ventures

They understand SaaS metrics better than most and don't panic during down quarters.

• Recent Deals: Creatio $200M growth round (September 2024), Airtable growth rounds, Zipwhip acquisition
• LinkedIn: Neeraj Agrawal
• Sector Focus: Enterprise SaaS, vertical SaaS, infrastructure, security
• Stage Focus: Series B, Series C, growth stage
• Location: Boston, USA
• Website: battery.com

7. Point Nine Capital

European seed fund focused on B2B SaaS with founder-friendly terms.

• Recent Deals: Rows $16M Series A (July 2024), Loom early rounds, Contentful seed round
• LinkedIn: Christoph Janz
• Sector Focus: B2B SaaS, vertical SaaS, productivity tools, collaboration
• Stage Focus: Seed, Series A
• Location: Berlin, Germany
• Website: pointninecap.com

8. Balderton Capital

London-based fund that knows European enterprise sales dynamics.

• Recent Deals: Qwilr $30M Series B (August 2024), Revolut growth rounds, Contentful Series C
• LinkedIn: Rob Moffat
• Sector Focus: Enterprise SaaS, fintech, vertical SaaS, infrastructure
• Stage Focus: Series A, Series B, Series C
• Location: London, UK
• Website: balderton.com

9. Felicis Ventures

Early mover on category-defining companies with hands-off approach.

• Recent Deals: Ramp $150M Series D ($8.1B valuation, March 2024), Canva growth rounds, Shopify early investment
• LinkedIn: Aydin Senkut
• Sector Focus: Fintech, vertical SaaS, infrastructure, PLG tools
• Stage Focus: Seed, Series A, Series B
• Location: Menlo Park, USA
• Website: felicis.com

10. GGV Capital

Cross-border fund with Asia-US connections and enterprise distribution help.

• Recent Deals: LaunchDarkly $100M Series E (January 2024), HashiCorp growth rounds, Slack early investment
• LinkedIn: Hans Tung
• Sector Focus: Developer tools, infrastructure, enterprise SaaS, security
• Stage Focus: Series A, Series B, Series C, growth stage
• Location: San Francisco, USA
• Website: ggvc.com

11. Sequoia Capital

Brand helps with recruiting and follow-on rounds but they're picky about metrics.

• Recent Deals: Glean $260M Series D ($4.6B valuation, February 2024), MongoDB growth rounds, Dropbox early investment
• LinkedIn: Roelof Botha
• Sector Focus: Enterprise SaaS, infrastructure, security, vertical SaaS
• Stage Focus: Seed, Series A, Series B, Series C, growth stage
• Location: Menlo Park, USA
• Website: sequoiacap.com

12. Andreessen Horowitz

Large fund with operational support team and strong recruiting network.

• Recent Deals: Harvey $100M Series C ($1.5B valuation, May 2024), Databricks growth rounds, GitHub early investment
• LinkedIn: Martin Casado
• Sector Focus: AI infrastructure, security, developer tools, enterprise SaaS
• Stage Focus: Seed, Series A, Series B, Series C
• Location: Menlo Park, USA
• Website: a16z.com

13. Tiger Global

They move fast on term sheets and don't ask for board seats early.

• Recent Deals: Deel $425M Series E (April 2024), UiPath growth rounds, Checkout.com Series C
• LinkedIn: Scott Shleifer
• Sector Focus: Fintech, HR tech, vertical SaaS, infrastructure
• Stage Focus: Series B, Series C, Series D, growth stage
• Location: New York, USA
• Website: tigerglobal.com

14. Redpoint Ventures

Strong track record with data infrastructure and enterprise platforms.

• Recent Deals: Snowflake growth rounds before IPO, dbt Labs Series D, Looker early rounds
• LinkedIn: Satish Dharmaraj
• Sector Focus: Data infrastructure, analytics, developer tools, enterprise SaaS
• Stage Focus: Series A, Series B, Series C
• Location: Menlo Park, USA
• Website: redpoint.com

15. OpenView Partners

Focused exclusively on product-led growth with strong operational playbooks.

• Recent Deals: Calendly $350M Series B (January 2024), Datadog early rounds, Expensify growth investment
• LinkedIn: Blake Bartlett
• Sector Focus: PLG SaaS, developer tools, productivity, vertical SaaS
• Stage Focus: Series A, Series B, Series C
• Location: Boston, USA
• Website: openviewpartners.com

16. Forge Global

Late-stage secondary market player that provides liquidity options.

• Recent Deals: DataRobot $206M Series G (June 2024), SpaceX secondary transactions, Stripe secondary market
• LinkedIn: Kelly Rodriques
• Sector Focus: Enterprise SaaS, AI/ML, infrastructure, fintech
• Stage Focus: Series D, Series E, growth stage, pre-IPO
• Location: San Francisco, USA
• Website: forgeglobal.com

17. IVP

Growth-stage investor that's seen multiple market cycles and doesn't freak out.

• Recent Deals: Notion $275M Series C ($10B valuation, October 2023), Discord growth rounds, Dropbox Series B
• LinkedIn: Somesh Dash
• Sector Focus: Collaboration tools, infrastructure, vertical SaaS, security
• Stage Focus: Series B, Series C, Series D, growth stage
• Location: Menlo Park, USA
• Website: ivp.com

18. Sapphire Ventures

Enterprise-focused fund with strong customer intro capabilities.

• Recent Deals: Gong $250M Series E (August 2023), Elastic early rounds, LinkedIn Series B
• LinkedIn: Jai Das
• Sector Focus: Enterprise SaaS, sales tech, security, infrastructure
• Stage Focus: Series B, Series C, Series D
• Location: Palo Alto, USA
• Website: sapphireventures.com

19. Storm Ventures

Early-stage B2B specialist that understands enterprise sales motion.

• Recent Deals: BigID $90M Series E (November 2023), Marketo early rounds, Responsys Series A
• LinkedIn: Ryan Floyd
• Sector Focus: Enterprise SaaS, security, data management, sales tech
• Stage Focus: Seed, Series A, Series B
• Location: Menlo Park, USA
• Website: stormventures.com

20. FirstMark Capital

NYC-based fund with strong B2B SaaS portfolio and operator network.

• Recent Deals: Attentive $230M Series E (December 2023), Pinterest early investment, Shopify Series A
• LinkedIn: Matt Turck
• Sector Focus: Enterprise SaaS, data infrastructure, vertical SaaS, AI tools
• Stage Focus: Seed, Series A, Series B
• Location: New York, USA
• Website: firstmarkcap.com

21. Menlo Ventures

Consumer and enterprise investor with strong technical diligence team.

• Recent Deals: Pinecone $100M Series B ($750M valuation, April 2024), Carta growth rounds, Uber Series B
• LinkedIn: Matt Murphy
• Sector Focus: AI infrastructure, developer tools, vertical SaaS, fintech
• Stage Focus: Series A, Series B, Series C
• Location: Menlo Park, USA
• Website: menlovc.com

22. Matrix Partners

Understands SaaS unit economics and doesn't push aggressive growth at expense of efficiency.

• Recent Deals: Commure $220M Series C (March 2024), HubSpot early rounds, Octa Series A
• LinkedIn: David Skok
• Sector Focus: Enterprise SaaS, vertical SaaS, infrastructure, security
• Stage Focus: Series A, Series B, Series C
• Location: Boston, USA / San Francisco, USA
• Website: matrixpartners.com

23. Foundation Capital

Early enterprise infrastructure investor with technical founding team.

• Recent Deals: ThoughtSpot $150M Series F (September 2023), Netflix Series A, Chegg early investment
• LinkedIn: Steve Vassallo
• Sector Focus: Infrastructure, data analytics, security, enterprise SaaS
• Stage Focus: Series A, Series B, Series C
• Location: Menlo Park, USA
• Website: foundationcapital.com

24. Greylock Partners

Product-focused fund that helped build some of the best SaaS products.

• Recent Deals: Figma growth rounds before Adobe acquisition attempt, Workday Series B, LinkedIn Series A
• LinkedIn: Sarah Guo
• Sector Focus: Developer tools, collaboration, infrastructure, enterprise SaaS
• Stage Focus: Seed, Series A, Series B, Series C
• Location: Menlo Park, USA
• Website: greylock.com

25. Coatue Management

Hedge fund that moved into venture with large growth checks available.

• Recent Deals: Rippling $500M Series E ($13.5B valuation, May 2024), Chime growth rounds, Instacart Series D
• LinkedIn: Dan Rose
• Sector Focus: Fintech, HR tech, vertical SaaS, infrastructure
• Stage Focus: Series C, Series D, growth stage
• Location: New York, USA
• Website: coatue.com

Start tracking your investor outreach

These 25 investors closed SaaS deals from 2023 to November 2025. Before you start reaching out, set up proper tracking.

Upload your deck to Ellty and create a unique link for each investor. You'll see exactly which slides they view and how long they spend on your financials. Most founders are surprised to learn investors skip their market size slides but spend 5+ minutes on unit economics.

When investors ask for more materials, share an Ellty data room instead of messy email threads. Your cap table, financial model, and customer contracts in one secure place with view analytics.

Common questions

How do I know if an investor is still active?

Check Crunchbase or Pitchbook for deals in the last 6 months. If they haven't announced anything, they're either being quiet or not deploying. LinkedIn activity helps too—partners who post about investments are usually active.

Should I cold email investors or get introductions?

Warm intros convert 10x better. Ask portfolio founders to introduce you. If you must cold email, show traction numbers in the subject line. "15% MoM growth, $500K ARR" gets opened.

What's the difference between seed and Series A investors?

Seed investors write $1-3M checks for pre-revenue or early revenue companies. Series A investors write $8-15M checks and want $1-2M ARR with clear GTM motion. Don't pitch A investors if you're pre-product.

How many investors should I reach out to?

Plan for 50-100 conversations to close a round. Most will pass. You'll get 10-15 second meetings and 3-5 term sheets if your metrics are good. Don't stop at 10 emails.

When should I set up a data room?

Before your first investor meeting. Upload your financial model, cap table, customer list, and contracts. Investors ask for this stuff anyway—having it ready shows you're organized.

Do investors actually care about pitch deck analytics?

Some do, some don't. But knowing which pages they viewed helps you prep for meetings. If they spent 10 minutes on your pricing slide, expect pricing questions. If they skipped your team slide, they probably checked LinkedIn instead.