Top 25 US Software & B2B SaaS Venture Capital Firms [2022]

Whether you are raising seed, Series A or higher, in this article we have listed our top picks of the best venture capital firms for Software, B2B SaaS and Enterprise startups.

So, if you haven’t yet started to reach out, here is a good place to start learning about them.

Note: this article is part of a series where we present you the top Venture Capital firms across the world. Have a look at the complete list here.

Top Venture Capital Firms For Software & B2B SaaS Startups In The US

Here’s a summary of our top 25 picks for the best venture capital firms for Software & B2B SaaS startups (in alphabetical order):

NameLocationInvestment stageInvestment rangeInvestments
AccelSan Francisco, Palo Alto, London, KarnatakaSeed to Series A+Undisclosed56
Bessemer Venture PartnersNew York City, Silicon Valley, Boston, San Francisco, India, Israel, LondonSeed, Series AUndisclosed368
BoldstartNYCSeed, Series A$500k to $5M54
Bonfire VenturesLos AngelesSeed, Series AUndisclosed97
Charles River VenturesSan Francisco, Palo Alto, BostonSeedUndisclosed136
Elsewhere PartnersAustinSeries AN/A52
Foundation CapitalSan FranciscoSeed, Series AUndisclosed161
Foundry GroupDenverSeed, Series AUndisclosed138
G20 VenturesBostonSeries A$2M – $5M32
High AlphaIndianapolisSeedUndisclosed40
Hyde Park Venture PartnersIndianapolis, ChicagoSeed, Series AUndisclosed52
JK&B CapitalChicagoSeed to Series A+Undisclosed48
M12SeattleSeedUndisclosed100+
Mercury FundHouston, Austin, Ann ArborSeed, Series A$250k – $4M *58
Miami AngelsMiamiSeed, Series AUndisclosed40+
MK CapitalChicago, Ann ArborSeed to Series A+Undisclosed54
NextView VenturesBostonSeed$250k – $3M127
OpenView Venture PartnersBostonSeries AUndisclosed60
Origin VenturesChicagoSeed, Series A$500k to $6M44
Osage Venture PartnersPhiladelphiaSeries A$1 to $4 mil58
ScOp Venture CapitalLos Angeles, Santa Barbara, San Luis Obispo, Ventura, San DiegoSeed, Series A$500k to $3M43
Social LeveragePhoenixSeed, Series AUndisclosed125+
Updata PartnersWashington DCSeries A+$10M – $50M68
Voyager CapitalSeattle, Portland, VancouverSeries AUndisclosed66
WavemakerLos Angeles, SingaporeSeed, Series AUndisclosed350+

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1. Boldstart

Location: New York City, Miami

Boldstart is a highly focused venture capital firm located in both NYC and Miami. This venture firm offers Seed and Series A investments to only B2B SaaS companies.

Usually, Boldstart writes a check of anywhere between $500k and $5M to the selected companies. The exact investment amount depends on the stage and requirement of the selected company.

So far, this venture firm has invested in 54 companies, some of which are Stakewise, LiveBlocks, CloudQuery, Snyk, AtomicJar, Slim.ai, Hypr, and Wallaroo, among others.

2. Bonfire Ventures

Location: Santa Monica (Los Angeles)

Bonfire Ventures is a famous venture capital firm located in Santa Monica, Los Angeles. This venture capital firm offers Seed and Series A investments to companies working in the B2B software segment. The firm usually is the first lead investor in the portfolio companies.

Unfortunately, like many other venture capital firms on this list, even Bonfire Venture does not disclose the exact investment amount.

Apart from direct funding, this venture capital firm offers mentorship and business advice to its portfolio companies.

So far, Bonfire Ventures has invested in 97 companies such as Aforza, Aloft, Blueprint, Disqo, Figment, Flowpath, Postie, Nest Egg, and SafeRide among others.

3. G20 Ventures

Location: Boston

G20 Ventures offers Series A funding to tech startups located on the East Coast. They specifically look for startups working with enterprise software. Unfortunately, they do not invest in startups that are 100% consumer-facing.

This venture firm typically invests anywhere between $2 million and $5 million. One of the most stringent criteria for selecting a startup is that one of the team members must be a technologist with relevant experience.

Yet another important requirement is that the startups must have a product and they must be looking forward to scaling their go-to-business model.

G20 Ventures has so far invested in 32 companies with some of the notable ones being Frame AI, Ripple Match, Mulberry, CloudZero, etc.

4. High Alpha

Location: Indianapolis

High Alpha is better known as a startup studio where they brainstorm and come up with new startup ideas, launch them and invest in them. However, High Alpha also has a venture capital wing under which they fund not only the startups they themselves create, but also the high-potential startups that are founded by others.

This venture capital firm does not disclose the exact investment amount, but they offer Seed investments. Their sole focus is on B2B SaaS companies. They don’t invest in any other vertical or sector.

So far, High Alpha has invested in 40 companies, some of which are Boardable, Attentive, CrowdRiff, Docket, Cured, Orbit, Rise, and Shaker, among others.

5. Mercury Fund

Location: Houston, Austin, Ann Arbor

Mercury Fund is a venture capital firm that has a physical presence in Houston, Austin, and Ann Arbor. This venture capital firm offers Seed and Series A funding to software companies.

The firm typically writes a check between $250k and $4M, however, they are willing to spend anywhere between $6M and $8M on each portfolio company during their lifetime.

Aside from the funds, Mercury Fund also provides necessary mentorship and guidance to its portfolio companies and helps them to become sustainable businesses. In order to do so, they address operational deficiencies of their portfolio companies and help them to overcome them at a very early stage, allowing them to scale up quickly.

6. Miami Angels

Location: Miami

Miami Angels is a venture capital firm made of over 150 angel investors. They focus on early-stage SaaS-enabled startups. One of the primary requirements for investment is that the startups must be in the post-launch stage with some commercially viable product and proof of product-market fit.

Though Miami Angels do not disclose the exact investment amount, they typically invest around $285,000 in the first-round deal. The firm offers Seed and Series A funding to selected startups.

Apart from funding, Miami Angels also provides mentoring through hands-on collaboration. So far, the firm has invested in more than 40 startups with some big names like BabySparks, Pet Assistant, and Class Wallet among others.

7. Elsewhere Partners

Location: Austin

Elsewhere Partners is a well-known venture capital firm operating in Austin. This venture capital firm invests only in B2B software companies and offers Series A funding. Unfortunately, Elsewhere Partners doesn’t disclose the exact investment amount anywhere on its website.

However, it is interesting to note that apart from funding, Elsewhere Partners offers a whole network of seasoned operators and subject matter experts who help the portfolio companies to accelerate faster and achieve incredible milestones.

So far, Elsewhere Partners has invested in 52 companies. Some of them are Relatient, Airbrake.io, Backbox, and OpsCompass, among others.

8. Osage Venture Partners

Location: Philadelphia

Osage Venture Partners is a famed venture capital firm that invests in B2B early-stage software startups operating in Eastern U.S. What is interesting to note is that the companies they select to work with are usually post-revenue companies with a revenue run rate ranging between $500k and $3M.

Osage Venture Partners usually invests anywhere between $1M and $4M, and so far, they have invested in 58 companies with some big names like brazen, CIPIO, Medallion Analytics, Identropy, etc.

The Osage Venture Partners team members have deep experience in operations, investments, and strategy building, and the portfolio companies benefit from them directly.

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9. Accel

Location: San Francisco, Palo Alto, London, Karnataka

Accel is a global venture capital firm with a presence in San Francisco, Palo Alto, London, and Karnataka (India). This venture capital firm offers Seed to Series A+ funding to startups and companies working in the software and tech-enabled services sector.

Unfortunately, Accel doesn’t disclose the exact investment amount on its website. However, so far, the firm has invested in 56 companies. Some of the most famous companies that this venture capital firm has invested in include 1Password, BrowserStack, BlaBlaCar, Cohesity, Coin Tracker, Hootsuite, OLA, and Swiggy.

Apart from investment, Accel also offers hands-on mentorship and other support to help portfolio companies succeed in becoming sustainable companies.

10. MK Capital

Location: Chicago, Ann Arbor

With a physical presence in Chicago and Ann Arbor, MK Capital remains one of the most prominent venture capital firms that focus on companies operating in the Cloud and Software segments.

This venture capital firm offers Seed to Series A+ investments. The amount they invest in a specific company will depend on the stage and requirements. However, the sad part is that they do not give any concrete numbers or a range for the check size they write.

So far, MK Capital has invested in 54 companies, some of which are Brightmont Academy, CellTrak, Kollective, HealthiNation, Unitas Global, and GameFly, among others.

11. NextView Ventures

Location: Boston

Boston-based NextView Ventures is a popular venture capital firm that focuses on startups in the technology and software sectors. However, it is important to note that the VC firm actually focuses on those companies that use technology to positively impact the everyday lives of people.

In the Seed stage, NextView Ventures typically invests anywhere between $250,000 and $3 million. The firm usually helps its portfolio companies with things like team building, customer acquisition, product launch, and capital raising through hands-on mentorship.

So far, the venture firm has invested in 127 companies with some notable names being ThredUp, Skillz, Grove Collaborative, Shareaholic, TaskRabbit, Whoop, TripleLift, Dia & Co, etc.

12. OpenView Venture Partners

Location: Boston

Boston-based OpenView Venture Partners offers Series A funding to companies operating in technology and software verticals.

The exact amount they invest in startups remains undisclosed, but they have so far, invested in 59 companies with some notable names like Datadog, Exact Target, Instantly, Next Docs, etc.

Apart from providing funds, OpenView offers access to operational resources, OpenView network and expertise, and more through deep and meaningful partnerships.

OpenView helps portfolio companies to organize, prioritize, and extend the reach of team members in the most important areas like customer acquisition & conversion, retention & expansion, and more.

13. Origin Ventures

Location: Chicago

Chicago-based Origin Ventures is a popular venture capital firm that invests in the digital native economy. Their primary focus is on software and marketplace business models.

This venture capital firm is known for offering Seed and Series A funds to companies targeting the B2B and B2C segments. The size of the initial check they write is anywhere between $500k and $6M.

Origin Ventures actively invests in companies located in the United States and Canada. So far, the firm has invested in 44 companies, some of which are Backlot Cars, GrubHub, Fountain, Cameo, Everee, Avant, ViralGains, and Mighty, among others.

14. Foundry Group

Location: Boulder (Denver Area)

The Foundry Group is one of the most prominent venture capital firms located in Boulder (Denver Area). This venture capital firm is known for offering Seed and Series A investments in startups in the software and internet sectors.

What is interesting is that though the Foundry Group is located in Boulder, it invests in companies from across the United States and also Canada.

Unfortunately, this venture capital firm does not disclose the exact investment amount anywhere on its website. So far, this firm has invested in 138 companies, some of which are AppDirect, Authentic8, Betabrand, Backbone, Broadly, Boundless, ColdQuanta, Drop Labs, High Alpha, Loop, and Mapbox, among others.

15. M12

Location: Seattle

M12 was previously known as Microsoft Ventures. This venture capital firm operates globally. They offer Seed funding to early-stage companies operating in enterprise and software categories covering multiple sectors like Healthcare, Software, Technology, Business Applications, and more.

The selected portfolio companies get unparalleled access to Microsoft and the VC firm’s intensive customer connections. The selected portfolio companies also get the chance to sell their products alongside Microsoft.

Unfortunately, M12 does not disclose the exact amount of investment on its website. They have so far invested in more than 100 companies including names like 1910Genetics, Acerta, AirMap, Agolo, Bonsai, CloudSimple, Codefresh, Comfy, HYAS, Outreach, and more.

16. Updata Partners

Location: Washington D.C.

Updata Partners is a prominent venture capital firm that invests in companies operating in B2B software and software-enabled businesses. One of the basic qualification criteria for the applicants is that they should generate anywhere between $5 and $50 million in revenue.

Updata Partners offers Series A+ funding with their investments ranging between $10 and $50 million.

So far, the venture capital firm has invested in 68 companies with some prominent names such as Adata, Boxcast, Adthena, LionGard, Practifi, Atlus Assessments, and more.

What is interesting to note is that Updata Partners invests in various other countries apart from the US. For instance, they have active investments in the Netherlands, the UK, Israel, and Canada.

17. Bessemer Venture Partners

Location: New York City, Silicon Valley, Boston, San Francisco, India, Israel, London

Bessemer Venture Partners is one of the most famous venture capital firms in NYC. However, it also has a physical presence in Silicon Valley, Boston, San Francisco, India, Israel and London.

So far, this venture capital firm has invested in 368 companies globally. It offers Seed and Series A funding.

Bessemer Venture Partners offers investment to companies operating in three verticals – Consumer, Enterprise, and Healthcare.

Pinterest, Shopify, LinkedIn, Twitch, Yelp, Wix, Auth0, Twilio, SendGrid, Zapier, and VeriSign are some notable investments made by this venture capital firm.

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18. Charles River Ventures

Location: San Francisco, Palo Alto, Boston

Operating since 1970, CRV or Charles River Ventures is one of the oldest venture capital firms operating in San Francisco. However, it also has a physical presence in Palo Alto and Boston. This firm has invested in 136 companies since its inception, and it focuses on early-stage tech startups.

CRV offers Seed funding to selected startups and stays with them through their entrepreneurial journey through long-term committed partnerships. Interestingly, the firm doesn’t disclose the exact funding amount.

Some of the notable companies that CRV invested in include Twitter, DoorDash, Airtable, Zendesk, Datadog, etc.

19. Foundation Capital

Location: Palo Alto (San Francisco Bay Area)

A popular venture capital firm located in Palo Alto in the San Francisco Bay Area is Foundation Capital. This venture capital firm offers Seed and Series A funding to startups working in the Fintech, Consumer, and Enterprise sectors.

Just like many other venture capital firms, Foundation Capital does not disclose the exact investment amount on its website.

So far, Foundation Capital has invested in 161 companies. Some of the most famous companies that this venture capital firm funded include Netflix, Grabr, Cohesity, Catalytic, Brave, Pocket, Rover, and TradeLedger, among others.

20. Hyde Park Venture Partners

Location: Indianapolis, Chicago

Hyde Park Venture Partners has a physical presence in both Indianapolis and Chicago. It is one of the most famous venture capital firms offering Seed and Series A funding to startups working in the Marketplace, SaaS, and Tech-enabled sectors.

This venture capital firm usually looks for companies with fast-growth potential and are in need of first and second-round capital. Unfortunately, the Hyde Park Venture Partners does not disclose the exact investment amount on its website.

So far, Hyde Park Venture Partners has invested in 52 companies, some of which are Avant, Audit Sight, Blooom, Chowly, FarmLogs, Noredink, and ShipBob, among others.

21. JK&B Capital

Location: Chicago

A Chicago-based venture capital firm, JK&B Capital is quite famous for investing in companies operating in the Communications, IT, and Software domains. This venture capital firm does not disclose the exact investment amount anywhere on its website, but it offers Seed to Series A+ funding to the selected companies.

JK&B Capital has a formidable track record of generating exceptional returns for its investors, and currently it has $1 billion of assets under management. The firm has invested in 48 companies.

Some of the various companies that this venture capital firm has invested in include Splunk, Commerce One, E2Open, InterWoven, Zone Labs, Exodus, OpenWave, and EZ Chip, among others.

22. ScOp Venture Capital

Location: Los Angeles, Santa Barbara, San Luis Obispo, Ventura, San Diego

With a physical presence in Los Angeles, Santa Barbara, San Luis Obispo, Ventura, and San Diego, ScOp Venture Capital is one of the most prominent venture capital firms to exist today. This firm offers Seed and Series A funding to companies working in the SaaS, Software, and Marketplaces segments.

The firm typically writes a check between $500k and $3M, however, the companies need to show proof of product market-fit, that is they must have a revenue of at least $500k. Apart from funding, the fund also offers long-term support with its own operational expertise.

So far, ScOp Venture Capital has invested in 43 companies, some of which are Cliq, Designalytics, FreightPOP, Yogi, Pearly, Simple Mills, SMS Assist, and Meetup.

23. Social Leverage

Location: Scottsdale (Phoenix)

Social Leverage is a famous venture capital firm in Scottsdale, Phoenix. This VC firm offers Seed and Series A funding, but unfortunately, the firm does not disclose the investment amount on its website.

It must be noted that Social Leverage invests only in technology-enabled companies working in the Fintech, Consumer, and Enterprise SaaS verticals. Apart from funding, this venture capital firm also brings unique market insights, marketing experience, and entrepreneurial expertise to the table so that the portfolio companies can benefit from them.

So far, Social Leverage has invested in 125+ companies with some of the notable names being Robinhood, Kustomer, Robin, Wag, Stocktwits, noredink, and Manscaped among others.

24. Voyager Capital

Location: Seattle, Portland, Vancouver

Voyager Capital located in Seattle, Portland, and Vancouver (in British Colombia, Canada) is one of the biggest venture capital firms in Washington with $500 million in assets under management.

This venture capital firm offers Series A funding to startups working in the B2B segment focusing on Big Data, Cloud, and Software. The firm does not disclose the exact amount of investment.

However, they not only provide funding but also develop a deep partnership with the portfolio companies, offering valuable insights and mentorship whenever and wherever needed.

So far, Voyager Capital has invested in 66 companies, several of which had successful exits such as Binary Fountain, Bluebox, AnswerDash, CapitalStream, Captura, Make.tv, Skyward, Kryptiq, and more.

25. Wavemaker

Location: Los Angeles, Singapore

Wavemaker is undeniably one of LA’s most prominent venture capital firms. They also have a physical presence in Singapore. Note that both LA and Singapore offices are headquarters.

This venture capital firm offers Seed and Series A funding to companies working in the Enterprise, Digital Media, and Consumer sectors.

Unfortunately, Wavemaker, like many other venture capital firms, does not disclose its exact investment amount anywhere on its website.

So far, Wavemaker has invested in 350+ companies in verticals like Fintech, Marketplaces, Industrial Tech, Marketing & Sales Software, and E-Commerce. Some of the most prominent portfolio companies include Ranker, Intrinio, MindBody, AuditBoard, Winc, Clutter, and Eat Club.

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