SaaS is Still Eating the World
Despite market fluctuations, Software-as-a-Service (SaaS) remains the most resilient and scalable business model. In 2026, VCs are shifting their focus from "growth at all costs" to "capital-efficient growth" and "AI-integrated workflows".
If you are building a B2B SaaS product, finding the right partner at the seed stage is critical. Here are the top 20 firms you should know.
The SaaS Specialists
- Focus: B2B SaaS, Seed
- Location: Berlin / Global
Known as the "B2B SaaS" VC. They have an incredible track record (Algolia, Loom, Typeform) and provide deep operational support.
2. SaaStr Fund
- Focus: B2B, Seed to Series A
- Location: San Francisco
Led by Jason Lemkin, the godfather of SaaS content. Getting investment here comes with instant distribution to the massive SaaStr community.
- Focus: Enterprise Infrastructure, SaaS
- Location: New York / London
"Day one" partners for developer tools and enterprise software.
The Global Giants (Early Stage Programs)
Sequoia's early-stage programs are active globally. They are aggressive investors in product-led growth (PLG) SaaS companies.
5. Accel
The original investors in Slack, Dropbox, and Atlassian. They understand the SaaS playbook better than almost anyone.
6. Y Combinator
Still the best place to launch a SaaS company. The network effect for B2B sales within the YC batch is unmatched.
Emerging & Specialist Funds
- Operator Collective - Limited partners are all operators/execs.
- Work-Bench - Enterprise software focus in NYC.
- Storm Ventures - Early-stage B2B.
- Unusual Ventures - Hands-on support for seed stage.
- Costanoa Ventures - Focus on the "first 100 customers".
- Eniac Ventures - Technical founders.
- Forum Ventures - B2B SaaS exclusively.
- Bessemer Venture Partners - The "State of the Cloud" creators.
- Craft Ventures - Bottom-up SaaS experts.
- SignalFire - Data-driven investing.
- Redpoint Ventures - Infrastructure and SaaS.
- Index Ventures - Open source and SaaS.
- Matrix Partners - Early believers in HubSpot.
- Lightspeed Venture Partners - Multi-stage enterprise growth.
How to Approach These VCs
Don't just cold email. Use your network, or apply through their specific seed program portals.
Frequently Asked Questions (FAQs)
Q: Do I need revenue to apply to these VCs? A: For Pre-Seed and Seed funds like YC, Boldstart, or Point Nine, you often don't need significant revenue, but you need a working prototype and early signs of traction (users, pilots). For Series A funds, you typically need $1M+ ARR.
Q: What is the typical check size for a Seed round in 2026? A: Seed rounds have grown. A typical seed round for a US/Global SaaS startup is now between $2M and $4M, usually in exchange for 15-20% equity.
Q: Should I focus on profitability or growth? A: In 2026, the mantra is "efficient growth". VCs want to see high growth rates (2-3x YoY) but with healthy unit economics (LTV:CAC > 3) and a clear path to profitability.
🚀 Ready to Fundraise?
Finding the right VC is just step one. You also need to track grants and equity-free accelerators to extend your runway.
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Frequently Asked Questions
1. What metrics do I need for Seed funding in 2026?
For B2B SaaS, the bar has risen. Investors often look for $10k-$20k MRR, or at least very strong evidence of "hair-on-fire" problem solving with pilot customers.
2. Do these VCs invest globally?
Many do (like Sequoia and YC), but some micro-VCs have specific geographic mandates (e.g., "US only" or "Europe only"). Check their FAQ before pitching.
3. How do I get a warm intro?
Use LinkedIn to see if you have mutual connections. Alternatively, founders in their existing portfolio are the best source of referrals.