Fundraising Fox

SaaS Capital

Venture debt

Seattle · Series A–Growth · 10 people tracked

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Investment thesis

SaaS Capital focuses exclusively on lending to SaaS and subscription-AI application businesses. It offers non-dilutive credit facilities, notably an MRR-based line of credit with high availability, few covenants, and long commitment periods, structured to minimize dilution while scaling with the company. The firm targets 'scale-up' companies with $3 million or more in ARR, which do not need to be profitable or venture-backed but should demonstrate solid customer retention. Leveraging over a decade of proprietary research and having funded more than 100 companies, SaaS Capital emphasizes a transparent, tailored underwriting process and quick decisions, typically funding within about five weeks.

Source: firm website, verified Aug 18, 2026.

Stage
Series A–Growth
HQ
Seattle, US
Instruments
Debt
Founded
2007
AUM
$244.9M
Tracked investments
109

Team · 10 people

from the firm's website
Tobie Cook· Chief Financial Officer

Finance professional with 16 years in the field, including experience managing multiple VC/PE funds.

What they invest in

from 80 of 109 portfolio companies

SaaS ×67Enterprise Software ×28AI & Machine Learning ×19Healthtech ×14HR Tech ×13Marketing Tech ×13EdTech ×9Data & Infrastructure ×8

HQs:United States×37United Kingdom×1

Investments · 109 tracked

founders shown can be your intro path

By year:2022 · 22021 · 22020 · 12019 · 12017 · 52016 · 12015 · 22014 · 317 dated

Accelerize.comaccelerize.com
Accent-Technologies.comaccent-technologies.comin𝕏

Accent Technologies offers an AI-powered revenue enablement platform for go-to-market teams, providing content management, AI-personalized asset delivery, next-best-action guidance for sales reps, and analytics into deal health, pipeline, and forecasting.

AI & Machine LearningSaaSSales Tech

Advisenadvisenltd.comin𝕏

Advisen organizes conferences worldwide for the property and casualty (P&C) insurance industry, drawing audiences of risk managers, insurance buyers, brokers, carriers, lawyers, and service providers.

InsurTechMedia & Entertainment

Agentiqagentiq.comin𝕏

Agent IQ provides AI-powered software for banks and credit unions to improve operational efficiency, personalize customer relationships, and support responsible AI deployment across institutions.

AI & Machine LearningEnterprise SoftwareFintech

Co-investors7BC Venture CapitalSierra Ventures

BluLogixblulogix.comin𝕏Jan 2022

BluLogix provides an end-to-end revenue lifecycle management platform covering billing and revenue recognition, using automation to handle complex financial processes for businesses.

Enterprise SoftwareFintechSaaSMclean, US

Adam Cole(Director)Yaghmour Youseef(Executive Officer, Director)Wesley Johnston(Director)Anthony Rickert(Director)Mudar Yaghi(Director)Todd Frederick(Director)

Buyapowa.combuyapowa.comin𝕏

Buyapowa provides an enterprise referral marketing platform that lets brands run customer, employee, and other referral programs from one place, managing leads and reward distribution.

AdTechMarketing TechSaaS

Gideon Lask(Founder & CEO)

Co-investorsJuno Capital Partners

CareAnywarein𝕏acquired by Brightree

Brightree provides cloud-based software for home medical equipment (HME), durable medical equipment (DME), pharmacy, and home/ambulatory infusion businesses, automating workflows across referrals, patient intake, documentation, inventory, delivery, resupply, billing, and reporting.

Digital HealthHealthtechSaaS

Careanyware.comcareanyware.com
Caresolace.orgcaresolace.orgin𝕏

Care Solace is a care coordination service that connects people with verified mental health providers, including Medicaid agencies, therapy practices, and telehealth options, and operates as a 24/7 extension of an organization's mental health team.

Digital HealthHealthtechMental Health

Central Desktopimeetcentral.comin𝕏acquired by PGi

iMeetCentral provides a cloud-based project and campaign management platform for creative teams, agencies, and marketing professionals to collaborate, track projects, and manage workflows in centralized workspaces.

Cloud ComputingEnterprise SoftwareFuture of WorkMarketing TechSaaS

Co-investorsOpenView Venture Partners

Certica Solutionscerticasolutions.comFeb 2015

Wakefield, US

Jeffrey Averick(Executive Officer, Director)Mark Rankovic(Executive Officer, Director)

BoardMartin Brutosky(Director)Edward C Williams, III(Director)

Chatmeterchatmeter.comin

Chatmeter provides AI-powered reputation management for multi-location businesses, now integrated into the Alchemer platform to manage customer feedback across locations.

AI & Machine LearningMarketing TechSan Diego, US

Collin Holmes(Executive Officer, Director)

Co-investorsForefront VentureSandalphon CapitalWestlake International Group

Cinematic Health Educationcinematichealtheducation.comin𝕏

Cinematic Health is an online training and certification platform that combines expert-built curriculum with story-driven films to prepare CNAs, home health aides, personal care aides, and caregivers for the clinical and interpersonal realities of care work.

EdTechFuture of WorkHealthtechHR TechGreen Brook, US

Timothy L. Murray(Founder, Executive Chairman)DENNIS BROOKS(Executive Officer)inCHAD SCHAEDLER(Chief Executive Officer)Joseph Schneier(Chief Executive Officer)Charissa(Chief Product Officer)Dennis Brooks(Chief Operating Officer)

Co-investorsJuvo VenturesRethink Capital Partners

ClarisHealth.comclarishealth.comin

ClarisHealth develops Pareo, a payment integrity management platform for health insurance plans that uses AI-powered automation, real-time analytics, and inventory management to consolidate vendors and reduce claims costs.

AI & Machine LearningHealthtechSaaS

ClearCompany.comclearcompany.comin

ClearCompany (ClearCo) offers a talent management platform that unifies hiring, onboarding, learning, and performance for HR and business leaders.

Future of WorkHR TechSaaS

ClearPointStrategy.comclearpointstrategy.comin𝕏

ClearPoint Strategy is a strategy execution and reporting platform that lets organizations track objectives, KPIs, and initiatives in real time and automate report generation, replacing spreadsheet-based processes.

Data & InfrastructureEnterprise SoftwareSaaS

Clinicientclinicient.comin𝕏

Clinicient provides an electronic medical record (EMR) platform designed for rehabilitation therapy organizations including physical therapy, occupational therapy, and speech-language pathology providers.

Enterprise SoftwareHealthtechSaaSPortland, US

Richard G Jung(Executive Officer, Director)Steven Sipowicz(Executive Officer)KARI J MINTON(Executive Officer)A TODD CLAPP(Director)PHIL REED(Director)JAMES M PLYMALE(Executive Officer, Director)

Co-investorsCatalyst InvestorsSixth StreetLead Edge Capital

Codilitycodility.com

Codility is a technical assessment platform for evaluating and hiring software engineers, offering coding screens, structured interviews in VS Code, and skills intelligence for engineering teams.

Developer ToolsHR TechSaaS

Co-investorsKennet PartnersOxx

ConnectALL.comconnectall.comacquired by Broadcom

Developer ToolsEnterprise SoftwareSaaS

CoverMyMeds.comcovermymeds.com
DataBP.comdatabp.comin

DataBP provides a SaaS platform for market data commercial administration, covering licensing, usage reporting, dynamic pricing and billing, entitlements, distribution, and compliance management.

Data & InfrastructureFintechSaaS

DATIS.comdatis.comin𝕏

DATIS HR Cloud offers a unified HR and payroll software platform for behavioral health and human services organizations, connecting employees and aligning departments across an agency.

Cloud ComputingHR TechSaaS

Direct Commercedirectcommerce.comin

Direct Commerce provides accounts payable and spend management software that connects enterprise buyers with their suppliers, including a Supplier-First model launched in 2023.

Enterprise SoftwareFintechSaaSPalo Alto, US

Bruce Hanavan(Executive Officer, Director)Robert Wadsworth(Director)Kent Johnson(Executive Officer, Director)Richard Garvin(Director)

Dovetailsoftwaredovetailsoftware.comin𝕏

Dovetail Software provides an HR Service Delivery application for HR professionals, offering tools for managing HR services and employee support.

Enterprise SoftwareHR TechSaaS

Co-investorsBigfoot Capital

Edge10edge10group.com

Edge10 Group builds ARMS, an Athlete Records Management System that centralises health, performance, and physical testing data into one platform with visual dashboards for elite sports teams and leagues.

HealthtechSaaSSports Tech

Co-investorsGuinness VenturesOctopus Ventures

Enerveeenervee.comDec 2014

Enervee operates AI-powered online marketplaces for utility energy-efficiency programs, letting households browse and buy appliances rated by its patented Enervee Score, with instant utility rebates applied at checkout and embedded financing through a national bank.

CleantechEnergyMarketplacesSanta Monica, US

Matthias H Kurwig(Executive Officer, Director, Promoter)Don Epperson(Executive Officer, Director, Promoter)

Co-investorsFuture Energy VenturesObvious Ventures

enosiXenosix.comin𝕏Jul 2014

enosix provides real-time SAP integration solutions that unify complex enterprise systems for manufacturers, consumer products companies, and other large organizations.

Data & InfrastructureEnterprise SoftwareSaaSCincinnati, US

Gerald Schlechter(Founder and Chief Strategy Officer)inGerald Schlecter(Executive Officer, Director)William Trainor(Director)Philippe Jardin(Executive Officer, Director)Dov Rosenberg(Director)

Co-investorsAllos VenturesCapital Midwest FundJobsOhio VenturesMK CapitalMutual Capital Partners

EveryoneSocialeveryonesocial.comin𝕏

EveryoneSocial provides analytics and audience insights for company social media posts, showing which audiences are reached and comparing performance across company, executive, and staff accounts.

Enterprise SoftwareMarketing TechSaaSSocialSalt Lake City, US

Cameron Brain(Founder)in

Co-investorsEPIC VENTURESNext Frontier Capital

Extoleextole.cominNov 2014

Extole offers an enterprise referral marketing platform that lets brands build, run, and optimize customer referral programs across web, mobile, in-store, and call-center touchpoints.

AdTechAI & Machine LearningEnterprise SoftwareMarketing TechSaaSSan Francisco, US

MATTHEW ROCHE(Executive Officer, Director)Erik Zech(Executive Officer)Chris Moore(Director)Matthew Roche(Executive Officer, Director)Jeff Crowe(Director)Stacey Bishop(Director)

Co-investorsScale Venture PartnersShasta VenturesNorwest Venture Partners

Facility Healthfacilityhealthinc.com

Grand Rapids, US

Christian K. Fernando(Founder)inHans M. Nelson(Founder)

BoardPaul D'Amato(Director)Joe Lampen(Director)

Co-investorsID VenturesMichigan Capital NetworkWakestream Ventures

Fluidsecure.comfluidsecure.com

FluidSecure offers a universal fuel management system that converts any fuel tank into a connected "Smart Tank" to track fuel usage, control access, and provide real-time visibility across locations and vehicles.

HardwareIoTLogistics & Supply Chain

FMXgofmx.comin

FMX is a cloud-based facilities and maintenance management (CMMS) software for scheduling work orders, tracking assets, managing preventive maintenance, and organizing capital planning.

Enterprise SoftwarePropTechSaaS

Francisco Partnersfranciscopartners.com

Co-investorsBCI

Freeagentfreeagent.comin

FreeAgent provides cloud accounting software for UK small businesses, freelancers, contractors, landlords, and accounting practices, with features for invoicing, expenses, payroll, VAT, Self Assessment, and Making Tax Digital compliance filed directly to HMRC.

FintechSaaS

Co-investorsPoint Nine

Freshop.comfreshop.comin𝕏

Freshop provides an eCommerce platform tailored to grocery and specialty retail stores, enabling multi-channel online shopping across desktop, tablet, and mobile.

E-commerceRetail TechSaaS

GoMoHealth.comgomohealth.comin

GoMo Health provides science-based patient engagement programs that address physical, psychological, social, and emotional needs to drive behavior change and improve health outcomes.

Digital HealthHealthtechWellness & Fitness

Co-investorsRittenhouse Ventures

Goperspectagoperspecta.com
GradLeadersgradleaders.com

GradLeaders provides a platform for tracking co-ops, internships, and practicum experiences, with automated approvals, evaluations, and outcome reporting tailored to specific programs.

EdTechHR TechSaaS

Graduwaygraduway.comin

Graduway is a branded digital platform that enables institutions to engage alumni through networking, career mentoring, event management, and integrated fundraising tools.

EdTechEnterprise SoftwareSaaS

Co-investorsNFXSusquehanna Growth Equity

Health Recovery Solutionshealthrecoverysolutions.comin𝕏

Health Recovery Solutions provides telehealth technology and remote patient monitoring services for healthcare providers, including support for pursuing telehealth funding and federal grants.

Digital HealthHealthtechMedical DevicesSaaSHoboken, US

Jarrett Bauer(Executive Officer, Director)Rohan Udeshi(Executive Officer, Director)Daniel Priece(Executive Officer, Director)

Co-investorsAlpha Ascent Ventures LlcLLREdison Partners

Humanityhumanity.cominMar 2020

Humanity provides AI-powered employee scheduling and shift-planning software for frontline and enterprise workforces, automating schedule building, demand forecasting, and labor-cost control.

Future of WorkHR TechSaaSBoston, US

Peter Ward(Executive Officer, Director)Michael Geer(Director)

Co-investorsPoint Nine

Idrive Globalidriveglobal.comDec 2022

Santa Barbara, US

Mark Findley(Director)Sean O'Neil(Executive Officer, Director)

Image Relayimagerelay.comin𝕏

Burlington, US

Skye Chalmers(Founder)inJohn Skye Chalmers(Executive Officer, Director)

BoardLee E. Bouyea(Director)in

Co-investorsFreshTracks Capital

imATHLETE.comimathlete.com
Imgiximgix.comin𝕏

Imgix provides image optimization and processing technology that enables customers to deliver, transform, and optimize visual content across digital platforms.

Cloud ComputingData & InfrastructureDeveloper ToolsEnterprise SoftwareMarketing TechSaaSSan Francisco, US

Chris Zacharias(Founder/CEO)inKunal Shah(Chief Operating Officer)Alfonso Acosta(Head of Engineering)

Co-investorsY CombinatorRRE VenturesSV AngelTuesday Capital

Imodulesimodules.com
inDineroindinero.comin𝕏Feb 2021

Indinero is an accounting and financial advisory firm that provides CPAs, CFOs, and controllers to help growing businesses with accounting, tax management, and strategic financial insights.

AI & Machine LearningEnterprise SoftwareFintechSaaSSan Francisco, US

Andy Su(Founder/CTO)inJessica Mah(Executive Officer, Director)Jessica Ma(Cofounder)John Frazier(Chairman & CEO)in

BoardKeddrick Stuart(Director)Dizhe Su(Director)

Co-investorsBase Venture Management, Inc.Camp One VenturesCota CapitalFundersClubHemisphere Ventures LLCK5 Ventures+3 more

InfoReadyinforeadycorp.comNov 2016

Ann Arbor, US

Bhushan Kulkarni(Executive Officer, Director)

Instaleap.ioinstaleap.ioin

Instaleap provides an AI-powered platform that unifies eCommerce, order picking and fulfillment, and delivery routing for grocery and retail companies.

Logistics & Supply ChainRetail TechSaaS

Co-investorsAxon Partners Group

IntegriChain.comintegrichain.comin

IntegriChain provides ICyte, an end-to-end platform for biopharmaceutical net revenue management, government pricing, rebate and contract execution, and data aggregation, paired with consulting services.

Data & InfrastructureHealthtechSaaS

Intellect.comintellect.com
Intradiemintradiem.comin𝕏

Intradiem provides real-time workforce automation software—called Dynamic Workforce Orchestration—for large customer service and contact center teams.

AI & Machine LearningEnterprise SoftwareFuture of WorkHR TechSaaSAlpharetta, US

Matthew McConnell(Executive Officer, Director)Matt McConnell

BoardDon Aquilano(Director)Mark Koulogeorge(Director)inDonald Walker(Director)Timothy Mann(Director)

Co-investorsJMI EquityMK Capital

JDXpert.comjdxpert.comin𝕏

JDXpert is a job information management platform that centralizes job descriptions, skills, and compensation data into a governed source of truth and syncs it across HRIS, ATS, and compensation systems.

Enterprise SoftwareHR TechSaaS

Joyful.orgjoyful.orgin𝕏

The Access Group provides cloud-based business software built specifically for charities and not-for-profit organisations, covering financial management, people management, websites, fundraising, and donor engagement.

Enterprise SoftwareImpact & Social GoodSaaS

Keona Healthkeonahealth.comin𝕏

HealthtechChapel Hill, US

OAKKAR OAKKAR(Executive Officer, Director)BRUCE THOMPSON(Director)JIMMY KAANAPU(Executive Officer)STEPHEN DEAN(Executive Officer)

Co-investorsIDEA NCRiverside Acceleration Capital

Leanpathleanpath.comin

Beaverton, US

Andrew Shakman(President, Chief Executive Officer)Randy Lowell(Treasurer)Janet Haugan(Chief Operating Officer)

BoardStephen Rogers(Director)Bruce Weinstein(Director)

Liquidplannerliquidplanner.comin𝕏

Seattle, US

CHARLES SEYBOLD(Director)ELIZABETH PEARCE(Executive Officer, Director)JASON CARLSON(Executive Officer)Jason Carlson(Executive Officer)

BoardGEOFFREY R. ENTRESS(Director)STEVEN J. HAMERSLAG(Director)

Co-investorsDiversisTVC Capital

Loyalty Lion SAASloyaltylion.comin𝕏

LoyaltyLion is a loyalty and rewards platform for Shopify e-commerce brands, letting merchants offer points, tiers, referrals, and challenges to drive repeat purchases and customer lifetime value.

E-commerceMarketing TechSaaS

Co-investorsWalking Ventures

management-image-1galleysolutions.comin

Galley Solutions provides a culinary resource planning (CRP) platform for food operations, offering tools for recipe management, menu planning, and related workflows through integrations with third-party systems.

Enterprise SoftwareFoodTechSaaS

Co-investorsBranded Strategic HospitalityFTW VenturesTet Ventures

Marketingevolutionmarketingevolution.com

Marketing Evolution provides a marketing intelligence platform, called the Substrate, that uses econometric methods to measure marketing performance, incrementality, and person-level insights without cookies or identity graphs.

AI & Machine LearningData & InfrastructureMarketing TechNew York, US

Jason Rex Briggs(Executive Officer, Director)Andrew Frawley(Director)Stephen DuBose Williams(Director, Executive Officer)John Matthews(Executive Officer)in

BoardRajiv Gihwala(Director)George Mathew(Director)in

Co-investorsEnergy Impact PartnersInsight PartnersZetta Venture Partners

Exits · 5

IPOs and acquisitions across the tracked portfolio

CareAnywareacq. by BrightreeCentral Desktopacq. by PGiConnectALL.comacq. by BroadcomMindflash.comacq. by TrakstarWorkfrontacq. by Marketo

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has SaaS Capital made?
SaaS Capital has 109 tracked investments, 5 of which have exited via acquisition or IPO.
What stage does SaaS Capital invest at?
SaaS Capital invests at the Series A, Series B, Growth stages.
What sectors does SaaS Capital focus on?
SaaS Capital focuses on AI & Machine Learning, Enterprise Software, SaaS.
Where is SaaS Capital located?
SaaS Capital is headquartered in Seattle, US.
Who does SaaS Capital co-invest with?
SaaS Capital most often shares deals with JMI Equity, JobsOhio Ventures, Octopus Ventures, among 83 tracked co-investors.

Media · Podcasts & interviews

featuring the team

How much revenue does channel create for SaaS (Rob Belcher, SaaS Capital)

Cloud Software Association · Rob Belcher

Images

SaaS Capital photo

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