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Market & Business

B2B SaaS

Software-as-a-service products sold to businesses, the dominant investment category in venture capital.

B2B SaaS refers to cloud-based software sold on a subscription basis to business customers. It's the most common venture-backed business model due to recurring revenue, high gross margins (70-90%), and predictable growth patterns that VCs can underwrite.

In Practice

Salesforce, the original B2B SaaS company, proved that recurring subscription revenue could build a $200B+ enterprise — launching an entire investment category.

Why It Matters

B2B SaaS has well-established metrics (ARR, NRR, CAC payback) that make companies relatively easier for VCs to evaluate compared to consumer or hardware startups.

VC Beast Take

B2B SaaS is VC comfort food. The metrics are clean, the margins are fat, and the playbook is known. Which is exactly why it's getting crowded.

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