# SaaS Capital: portfolio, investments and team

> SaaS Capital is a vc firm based in United States. 10 investments on record, latest Dec 2016. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/saas-capital (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# SaaS Capital

Filed with the SEC to raise a fund in Apr 2025, closing $14M. Last cheque observed Dec 2016.

Quiet New fund $14M, Apr 2025 VC firm

Debt Series A Venture Life Science Pharmaceutical Credit

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 10 on record

Since the last cheque **3596** days **00** hrs **00** min **00** sec

Median round **$3.3M** Rounds led **0 of 10** Sole investor **9 rounds** Exits **2 from the portfolio** Mostly in **United States, 80%**

Pitch SaaS Capital

## SaaS Capital highlights

- 01 10 rounds on record
- 02 Mostly Debt and Series A: 88% of its rounds
- 03 Sole investor in 9 rounds, median $3.3M
- 04 2 exits from the portfolio

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Life Science Pharmaceutical Credit
- **Based in:** Cincinnati, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **10 appearances**

- **2016** 2 rounds
- **Dec** **[Marketing Evolution](https://millionrounds.com/company/marketing-evolution)** US · FinSMEs **$4.0M** Sole investor
- **Aug** **[Pusher](https://millionrounds.com/company/pusher)** GB · TechCrunch **$2.5M** Sole investor
- **2015** 4 rounds
- **May** **[Updox](https://millionrounds.com/company/updox)** Debt · US **$3.5M** Sole investor
- **Apr** **[FreeAgent](https://millionrounds.com/company/freeagent)** Debt · GB **$5.0M** Sole investor
- **Mar** **[Webgility](https://millionrounds.com/company/webgility)** Debt · US **$2.5M** Sole investor
- **Feb** **[inDinero](https://millionrounds.com/company/indinero)** Series A · US **$7.0M** With 9 others
- **2014** 1 round
- **Apr** **[ThinkHR](https://millionrounds.com/company/thinkhr)** Venture · US **$3.0M** Sole investor
- **2013** 2 rounds
- **Jul** **[Clinicient](https://millionrounds.com/company/clinicient)** Debt · US · finsmes.com **$2.5M** Sole investor
- **Jun** **[Monet Software](https://millionrounds.com/company/monet-software)** Debt · US · pehub.com **Undisclosed** Sole investor
- **2008** 1 round
- **Jul** **[Clickability](https://millionrounds.com/company/clickability)** Debt · US · venturebeat.com **$3.5M** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **13 named**

AL **Adam Lewis** Adam is Vice President and Secretary i Filing they signed

ET **Evan Tuck** Manager of the General Partner i Filing they signed

MF **Martin Friedman** Martin is Vice President and CFO i Filing they signed

PH **Peter Hopper** Peter is Manager of DHIP-SaaS II, LLC, a Member i Filing they signed

RW **Randall William Lucas** Manager of the General Partner i Filing they signed

RS **Rob Spangler** Manager of the General Partner i Filing they signed

RS **Robert Scribner Belcher** Member and Officer of SC GP III(b), LLC, its general partner i Filing they signed

RC **Robert Charles Spangler** Manager i Form ADV

SF **Stephanie Fortener Quigley** Principal i Filing they signed

SJ **Steve Jaffee** officer of SC GP III(B), LLC, its general partner i Filing they signed

SB **Steven Bayard Jaffee** Manager, Vice President, Treasurer, and Secretary i Filing they signed

TA **Tobie Ann Cook** Chief Financial Officer and Chief Compliance Officer i Form ADV

TG **Todd Gardner** Todd is President and CEO i Filing they signed

We also hold **13** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$245M** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** SAAS Capital, LLC
- **SEC number:** CRD 298213

Funds on its Form ADV

**7** private funds, **$174M** in gross assets · filed Mar 2024

- SaaS Capital QP Fund IV, L.P. *Debt fund* 50 investors $87M
- SaaS Capital Fund IV, L.P. *Debt fund* 99 investors $35M
- SaaS Capital Fund Iii(b), L.P. *Debt fund* 72 investors $23M
- SCFF Associates INC *Debt fund* 2 investors $9.6M
- SaaS Capital QP Fund Iii(b), L.P. *Debt fund* 1 investor $9.6M
- SaaS Capital Fund III, L.P. *Debt fund* 81 investors $7.3M
- SaaS Capital QP Fund III, L.P. *Debt fund* 1 investor $2.5M

## What they claim to have backed

From their own portfolio page (on their website)

**43** of 60 we have independently watched raise

[Agentiq](https://millionrounds.com/company/agent-iq)[Buyapowa](https://millionrounds.com/company/buyapowa)[Certicasolutions](https://millionrounds.com/company/certica-solutions)[Clearcompany](https://millionrounds.com/company/clearcompany)[Codility](https://millionrounds.com/company/codility)[Covermymeds](https://millionrounds.com/company/covermymeds)[Edge10group](https://millionrounds.com/company/edge10-group)[Enervee](https://millionrounds.com/company/enervee)[Everyonesocial](https://millionrounds.com/company/everyonesocial)[Extole](https://millionrounds.com/company/extole)[Galleysolutions](https://millionrounds.com/company/galley-solutions)[Gomohealth](https://millionrounds.com/company/gomo-health)[Graduway](https://millionrounds.com/company/graduway)[Healthrecoverysolutions](https://millionrounds.com/company/health-recovery-solutions)[Indinero](https://millionrounds.com/company/indinero)[Integrichain](https://millionrounds.com/company/integrichain)[Intradiem](https://millionrounds.com/company/intradiem)[Keonahealth](https://millionrounds.com/company/keona-health)[Loyaltylion](https://millionrounds.com/company/loyaltylion)[Marketingevolution](https://millionrounds.com/company/marketing-evolution)[Mindflash](https://millionrounds.com/company/mindflash)[Monetsoftware](https://millionrounds.com/company/monet-software)[Movethisworld](https://millionrounds.com/company/move-this-world)[Pairin](https://millionrounds.com/company/pairin)[Panopto Secures $42.8](https://millionrounds.com/company/panopto)[Performline](https://millionrounds.com/company/performline)[Playerlync](https://millionrounds.com/company/playerlync)[Pusher](https://millionrounds.com/company/pusher)[Qure4u](https://millionrounds.com/company/qure4u)[Redtailsolutions](https://millionrounds.com/company/redtail-solutions)[Reeher](https://millionrounds.com/company/reeher)[Reviewsnap](https://millionrounds.com/company/reviewsnap)[Socialclimb](https://millionrounds.com/company/socialclimb)[Streamlinksoftware](https://millionrounds.com/company/streamlink-software)[Tapclicks](https://millionrounds.com/company/tapclicks)[Thinkhr](https://millionrounds.com/company/thinkhr)[Traackr](https://millionrounds.com/company/traackr)[Uberflip](https://millionrounds.com/company/uberflip)[Uplandsoftware](https://millionrounds.com/company/upland-software)[Waggl](https://millionrounds.com/company/waggl)[Wazoku](https://millionrounds.com/company/wazoku)[Webgility](https://millionrounds.com/company/webgility)[Weblinkinternational](https://millionrounds.com/company/weblink-international) Accelerize Accent-technologies Advisenltd CareAnyware Careanyware Caresolace Chatmeter Cinematichealtheducation Clarishealth Clearpointstrategy Connectall Databp Datis Directcommerce Dovetailsoftware Facilityhealthinc Fluidsecure and 34 more

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **2 in all**

**[Clickability](https://millionrounds.com/company/clickability)** Bought by Upland Software **Undisclosed** Dec 2013

**[Clickability](https://millionrounds.com/company/clickability)** Bought by [Limelight Networks](https://millionrounds.com/fund/limelight-networks) **Undisclosed** May 2011

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$14M**

raised in Apr 2025

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Debt Series A Venture

Median round joined **$3.3M** the round, not its cheque Alone, median **$3.3M**

Led 0 of 10 rounds **0%**

- **Sole investor:** 9 rounds
- **Last cheque:** Dec 2016
- **Exits:** 2 from the portfolio

Rounds by stage said on their site

- Debt *6*
- Series A *1*
- Venture *1*

Cheques by year Led Joined

2008 2016

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## Recently backed

The latest companies SaaS Capital put money into.

[**Marketing Evolution** $4.0M · Dec 2016](https://millionrounds.com/company/marketing-evolution)[**Pusher** $2.5M · Aug 2016](https://millionrounds.com/company/pusher)

## Quick answers about SaaS Capital

### What does SaaS Capital invest in?

SaaS Capital invests most often at Debt and Series A (88% of the rounds on record), in sectors such as Life Science, Pharmaceutical and Credit.

### How active is SaaS Capital?

10 investments on record, 0 of them in the last 12 months. The most recent was in Dec 2016.

### What has SaaS Capital invested in recently?

Its most recent investments on record: Marketing Evolution (Undisclosed round, Dec 2016) and Pusher (Undisclosed round, Aug 2016).

### How big are SaaS Capital's cheques?

The median round it joins is $3.3M.

### Does SaaS Capital lead rounds?

Rarely, if at all: none of its 10 investments on record names it as the lead.

### Where does SaaS Capital invest?

Most of the companies it backs are in the United States (80%) and the United Kingdom (20%).

### Is SaaS Capital investing now?

No investments in the last 12 months; the latest was in Dec 2016.

### What kind of investor is SaaS Capital?

SaaS Capital is a VC firm based in Cincinnati, United States.

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