This document summarizes investment funds that focus on European and American software-as-a-service (SaaS) startups. It lists 24 total funds, with 14 based in Europe and 7 based in Germany. The largest European funds by total funding are Balderton Capital at $2.47 billion and IndexVentures at $5.82 billion. In the US, the largest SaaS focused funds are Accel with $17.06 billion and Bessemer Venture Partners with $1.6 billion. The document provides details on the locations and investments of numerous venture capital funds on both sides of the Atlantic.

1. Investors in European
SaaS startups
AnOverview
1
Compiled by Iceventure
as of 05 I 2016 --- Beta #1 version

2. Highlights
 #Total of Fonds 24
 Thereof from Europe 14
 Thereof from Germany 07
 Thereof from the US 03
 #Total of investments minimum 120
 Total funds (when disclosed) $ 33.9 B
 Thereof funds from Europe $ 12.9 B
 Thereof funds from Germany $ 1.8 B
 Thereof funds from United States $ 18.8 B
* Includes all fonds of aVC/investor since inception, also these witout SaaS focus; result with
rounding errors
2Disclaimer: We do not assume any liability for the accuracy and completeness of the information.

3. German Fonds
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4. 4
Name Fond volume Office Website
mainly SaaS - Focus
Point Nine $ 113.71 M Berlin www.pointninecap.com
invested in: CANDIS,Chainalysis, Revolut, riskmethods, Mambu, Critizr, StuDocu, Deskbookers, Jobber
senovo Not disclosed Munich www.senovo.de/de/
invested in: Riskmethods, Holidu,Veact, Shore GmbH, Skive,
KIZOO TECHNOLOGY
VENTURES
€ 10.00 M Karlsruhe www.kizoo.com/de/
invested in: Staffbase, Shyftplan, Mambu,
PauaVentures $ 45 M (first close) Berlin www.pauaventures.com
invested in:
Detectify,Shore, Pipedrive & Jumpstarter
$200.000 to $2 million – with the ability to follow up to a maximum of $6 million.

5. 5
Name Fond volume Office Website
invests in SaaS as one sector
Earlybird $ 725.23 M Berlin www.earlybird.com/
invested in: Simscale, CartoDB
High-Tech Gründerfond € 576 M Bonn high-tech-gruenderfonds.de
invested in: Bookingkit, Bitstars,Customer Alliance
Target Partners $ 283.31 M München www.targetpartners.de
invested in: Trecker, hetras

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7. European Fonds
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8. 8
Name Fond volume Office Website
mainly SaaS - Focus
Notion Capital $ 270 M London www.notioncapital.com
invested in:
Adbrain,Tripease,Wercker, Brightpearl, Panaseer Limitede, MOVE Guides,Workable, Elevaate,
Currency Cloud
Balderton Capital $ 2.47 B London www.balderton.com
invested in:
Revolut,Aircall,Tapdaq,Carwow,TheTab, Patients Know Best, LoveCrafts,The Xurious Al
Company,Workable
Dawn Capital $ 180 M London www.dawncapital.com
invested in: Sonovate, Conversocial, iZettle, 90min, Collibra, EVRYTHNG,Automile, Sticky, LeadDesk
Northcap $ 87.37 M Denmark www.northcap.vc
invested in:
Tribal VC About € 10 M Dublin, Ireland tribal.vc
invested in:
FrontlineVentures $ 54.05 M London & Dublin www.frontline.vc
invested in: Typically investing from €100,000 to €2m

9. 9
Name Fond volume Office Webside
mainly SaaS - Focus
Northzone $ 90 M Stockholm www.northzone.com
invested in:
Matsmart, iZettle, Lesara, UniversalAvenue, Marketinvoice, Seriously, FishBrain, Spotify,
Trustpilot
ConorVenture Partners $ 90 M Espoo, Finland www.conor.vc
invested in: Zervant
Leaninvestments unbekannt London, UK leaninvestments.com
invested in: Articheck,Apperio,Castle, Greta,Ometria
innovation nest $ 10 M Krakow, Poland www.innovationnest.co
invested in: Elmodis, Fogger, UXPin, Flowbox, Enteye,TurboTranslations, Infermedica, Sher.ly Inc.
IndexVentures $ 5.82 B Geneva www.indexventures.com
invested in:
Adallom (Microsoft),Algolia,Alkemics, ArtBinder,Assistly (Salesforce), Autobutler
Base, Big Health, Big Switch,Call9
OMNES Capital € 2.1 B Paris, France www.omnescapital.com
invested in: ABTasty, Eptica, viavoo

10. 10
Name Fond volume Office Website
invests in SaaS as one sector
Imperial Innovations £446.0 million
(evergreen fund)
London www.imperialinnovations.
co.uk
invested in: Cortexica
Eight RoadsVentures $ 366.22 M London eightroads.com/en
invested in:

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12. American Fonds
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13. Name Fond volume Office Website
mainly SaaS - Focus
Accel $ 17.06 B
HQ: Palo Alto, California
EU-Office: London
www.accel.com
invested in:
Ninjacart, JUSPAY, Qubit,Zoomdata,Trifacta,JobToday,Grovo, Power2SME, BaubleBar,
ScaleARc, Swiggy, Carwow
Bessemer Venture Partners $ 1.6 B Silicon Valley (+5 global offices) www.bvp.com
invested in Skype, TeamViewer, criteo, visionexpress
invests in SaaS as one sector
SalesforceVentures $ 200 M San Francisco, CA www.salesforce.com/ventures
invested in: Augment,ThousandEyes, Qubit,Goodpatch, BloomReach, NewVoiceMedia
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14. Selected
readings on
SaaS
 Interview with Philippe Botteri, Accel Partners on European SaaS
and more
 http://www.iceventure.de/blog/web-summit-2015/the-state-of-european-saas-the-eu-ecosystem-the-
story-of-a-great-saas-investor-interview-with-philippe-botteri-accel-partners.html
 Are current SaaSVendors already Legacy Dinosaurs?
 http://www.iceventure.de/blog/are-current-saas-vendors-already-legacy-dinosaurs.html
 Interview mit Ari Helgason, DawnCapital, a known european SaaS
VCs
 http://www.iceventure.de/blog/web-summit-2015/saas-cloud-vc-in-conversation-with-ari-helgason-
dawn-capital.html
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15. Investors in European
SaaS startups
AnOverview
15
Compiled by Iceventure
as of 05 I 2016 --- Beta #1 version