Enterprise software attracts more specialist venture capital than any other category, for a simple reason: the playbook compounds. Investors who have watched a hundred companies sell to the same CIOs, navigate the same procurement cycles, and hit the same expansion walls can help the hundred-and-first move faster.
This guide covers 40 enterprise software VCs actively deploying capital in 2026, split into four groups: US early-stage specialists, cybersecurity and infrastructure funds, European and international firms, and growth-stage investors.
Every fund closed a new vehicle recently, and all data comes from the Everything Startups VC Funds database. If you're building horizontal SaaS specifically, the companion guide to the best VC firms for SaaS startups covers a complementary set of firms.
What Counts as an Enterprise Software VC
Enterprise software VCs concentrate on companies that sell to businesses: B2B SaaS, developer tools, data and cloud infrastructure, cybersecurity, vertical software, and increasingly AI-native applications and agents.
What separates a specialist from a generalist with a few B2B deals is repeat exposure to enterprise go-to-market, the long sales cycles, security reviews, champion-building, and land-and-expand mechanics that consumer investors never touch.
That focus shows up in how these firms help: buyer introductions, first sales hires, pricing strategy, and design partner programs. When evaluating the firms below, weight that operational relevance as heavily as the check size.
40 Enterprise Software VCs Actively Investing
Below is the full list of fresh funds and VCs actively investing in enterprise software:
1. Primary Venture Partners
Fund Size: $625M
HQ: United States
Check Size: $2M – $15M
Stage Focus: Seed, Series A
Sector Focus: AI, Applied AI, Enterprise Software
Primary Venture Partners is New York's leading seed-stage firm, with a large in-house platform team that supports portfolio companies on recruiting and go-to-market. Its $625M in fresh capital leads seed and Series A rounds in AI and enterprise software.
2. SignalFire
Fund Size: $1B
HQ: United States
Check Size: $1M – $10M
Stage Focus: Seed, Series A, Series B
Sector Focus: AI, SaaS, Healthtech
SignalFire built its own data platform that tracks talent movements and market signals across millions of companies, and uses it both to source deals and to help portfolio companies recruit. Its $1B fund invests from seed through Series B across AI and SaaS.
3. Laude Ventures
Fund Size: $150M
HQ: United States
Check Size: $250K – $2M
Stage Focus: Pre-Seed, Seed
Sector Focus: AI, Cloud Infrastructure, Deeptech
Laude Ventures was co-founded by Databricks and Perplexity co-founder Andy Konwinski alongside longtime NEA partner Pete Sonsini, with 50+ leading computer scientists as LPs. The $150M fund backs deeply technical, research-rooted founders, the natural first call for anyone spinning infrastructure software out of a lab.
4. AI Fund
Fund Size: $190M
HQ: United States
Check Size: $100K – $500K
Stage Focus: Pre-Seed, Seed
Sector Focus: AI, AI Infrastructure, Developer Tools
AI Fund is Andrew Ng's venture studio, rather than only writing checks, the team co-founds companies alongside entrepreneurs, contributing product work, market validation, and executive recruiting. Its oversubscribed $190M second fund is backed by LPs including Sequoia, NEA, and HP.
5. Fusion Fund
Fund Size: $190M
HQ: United States
Check Size: $500K – $5M
Stage Focus: Pre-Seed, Seed, Series A
Sector Focus: AI, Generative AI, Data Infrastructure
Fusion Fund, founded by Lu Zhang, backs technical founders building AI and data infrastructure at the earliest stages. The $190M fund writes $500K–$5M checks from pre-seed through Series A.
6. Footwork Ventures
Fund Size: $225M
HQ: United States
Check Size: $1.5M – $8M
Stage Focus: Seed, Series A
Sector Focus: Enterprise Software, SaaS, Consumer Tech
Footwork Ventures leads seed and Series A rounds with a concentrated portfolio and deep partner involvement. Its $225M fund covers enterprise software and SaaS with checks large enough to anchor a full round.
7. Scribble Ventures
Fund Size: $80M
HQ: United States
Check Size: $500K – $10M
Stage Focus: Seed, Series A
Sector Focus: AI, Enterprise Software, Consumer Internet
Scribble Ventures is an operator-heavy early-stage firm investing across AI and enterprise software. Its $80M fund participates from seed through Series A with a flexible check range.
8. Cerberus Ventures
Fund Size: $74.72M
HQ: United States
Check Size: $1M – $3M
Stage Focus: Pre-Seed, Seed
Sector Focus: Applied AI, Infrastructure, Enterprise Software
Cerberus Ventures writes $1M–$3M first checks into applied AI and enterprise infrastructure companies. Its focused fund size keeps incentives aligned with founders raising standard pre-seed and seed rounds.
9. Afore Capital
Fund Size: $185M
HQ: United States
Check Size: $500K – $2M
Stage Focus: Pre-Seed
Sector Focus: SaaS, Fintech, Consumer
Afore Capital is one of the largest dedicated pre-seed firms in the US, with $185M committed exclusively to companies at their earliest stage. For enterprise founders, that pre-seed-only mandate means no signaling risk from a multi-stage firm passing on the next round.
10. Precursor Ventures
Fund Size: $66M
HQ: United States
Check Size: $100K – $500K
Stage Focus: Pre-Seed, Seed
Sector Focus: SaaS, Fintech, Education
Precursor Ventures is Charles Hudson's firm, one of the earliest dedicated pre-seed funds and among the most prolific first-check writers in the US. Its $66M fund backs B2B software founders before traction, often as the very first institutional money in.
11. HF0 Residency
Fund Size: $100M
HQ: United States
Check Size: $500K – $1MS
tage Focus: Pre-Seed, Seed
Sector Focus: Enterprise, AI, Applied AI
HF0 Residency runs a live-in founder residency in San Francisco where technical founders build intensively for twelve weeks. Its $100M fund invests $500K–$1M in the enterprise and AI companies that come through the program.
12. Immad Akhund's Fund
Fund Size: $26M
HQ: United States
Check Size: $250K – $1M
Stage Focus: Pre-Seed, Seed, Series A
Sector Focus: SaaS, Developer Tools, Enterprise Software
Mercury CEO Immad Akhund's fund formalizes a decade of angel investing that spans 350+ companies including Airtable, Linear, Rippling, and Substack. Akhund remains full-time CEO of Mercury, which gives portfolio founders a backer who sees the entire startup banking ecosystem from the inside.
13. Asymmetric Capital Partners
Fund Size: $137M
HQ: United States
Check Size: $2M – $10M
Stage Focus: Pre-Seed, Seed, Series A
Sector Focus: SaaS, Enterprise Software, Healthtech
Asymmetric Capital Partners leads early rounds in B2B software with $2M–$10M checks from its $137M fund. Its concentrated model means fewer investments and deeper involvement per company.
14. Mighty Capital
Fund Size: $91M
HQ: United States
Check Size: $1M – $5M
Stage Focus: Seed, Series A, Series B
Sector Focus: B2B SaaS, Vertical SaaS, Enterprise Software
Mighty Capital invests in B2B and vertical SaaS with a network rooted in product management, the firm is closely tied to Products That Count, one of the largest product leader communities. Its $91M fund backs companies from seed through Series B.
15. Glilot Capital
Fund Size: $500M
HQ: Israel
Check Size: $1M – $10M
Stage Focus: Seed
Sector Focus: AI, Cybersecurity, Enterprise Software
Glilot Capital is one of Israel's top-performing early-stage firms, focused on cybersecurity and enterprise software, the categories where Israeli founders have repeatedly built global leaders. Its $500M in new capital leads seed rounds with $1M–$10M checks.
16. Sentinel Global
Fund Size: $213M
HQ: United States
Check Size: $500K – $10M
Stage Focus: Multi-Stage
Sector Focus: Enterprise Software, Cybersecurity, Data Infrastructure
Sentinel Global invests across stages in enterprise software, cybersecurity, and data infrastructure from a $213M fund. Its multi-stage flexibility lets it enter early and follow on as companies scale.
17. DataTribe
Fund Size: $41M
HQ: United States
Check Size: $500K – $10M
Stage Focus: Seed
Sector Focus: Cybersecurity, AI, Enterprise Software
DataTribe operates as a cyber foundry in Maryland, co-building companies with founders emerging from the US intelligence and national security community. For cybersecurity founders with deep technical backgrounds but no commercial experience, its studio model fills exactly the right gaps.
18. Merlin Ventures
Fund Size: $75M
HQ: United States
Check Size: $500K – $10M
Stage Focus: Seed, Series A, Series B
Sector Focus: Cybersecurity, AI, B2B
Merlin Ventures invests in cybersecurity companies with a specialty in helping foreign, particularly Israeli, security startups enter the US federal and enterprise markets. Its $75M fund covers seed through Series B.
19. Runtime Ventures
Fund Size: $32M
HQ: United States
Check Size: $250K – $2M
Stage Focus: Pre-Seed, Seed
Sector Focus: Cybersecurity
Runtime Ventures is a pure cybersecurity seed fund writing $250K–$2M first checks. Its single-sector focus means every portfolio company benefits from the same buyer network and diligence expertise.
20. Swish Ventures
Fund Size: $60M
HQ: Israel
Check Size: $5M – $10M
Stage Focus: Seed, Series A, Series B, Growth
Sector Focus: Cybersecurity, Cloud Infrastructure, AI
Swish Ventures backs Israeli cybersecurity and cloud infrastructure founders with concentrated $5M–$10M checks. Its $60M fund makes few, high-conviction investments rather than spreading across a broad portfolio.
21. TBD VC
Fund Size: $35M
HQ: Israel
Check Size: $250K – $1M
Stage Focus: Pre-Seed, Seed
Sector Focus: Cloud Infrastructure, Cybersecurity, Defense Tech
TBD VC writes $250K–$1M first checks into Israeli founders building cloud infrastructure, cybersecurity, and software-enabled defense technology. Its size and stage focus make it a natural first investor before the larger Israeli funds come in.
22. Angular Ventures
Fund Size: $125M
HQ: United Kingdom
Check Size: $1M – $5M
Stage Focus: Seed, Series A
Sector Focus: Enterprise Software, Deeptech
Angular Ventures is a specialist enterprise and deeptech firm led by Gil Dibner, who wrote early checks into Snyk and Firebolt. Its $125M third fund leads inception-stage rounds for technical founders across Europe and Israel, one of the few funds treating the two ecosystems as a single market.
23. Dig Ventures
Fund Size: $100M
HQ: United Kingdom
Check Size: $250K – $1M
Stage Focus: Pre-Seed, Seed
Sector Focus: AI, Cloud Infrastructure, SaaS
Dig Ventures was founded by Ross Mason, who built MuleSoft and sold it to Salesforce for $6.5B. Its $100M first institutional fund backs European B2B SaaS, AI, and cloud infrastructure founders at pre-seed and seed, with a portfolio that includes People.ai, ComplyAdvantage, and PlanetScale.
24. Senovo
Fund Size: $110M
HQ: Germany
Check Size: $1M – $5M
Stage Focus: Seed, Series A
Sector Focus: Enterprise Software, Deeptech, AI
Senovo is a Munich-based B2B software specialist investing across Europe and North America. Its $110M fund closed in mid-2026, backing enterprise software and deeptech founders at seed and Series A.
25. seed + speed Ventures
Fund Size: $106M
HQ: Germany
Check Size: $250K – $5M
Stage Focus: Pre-Seed, Seed
Sector Focus: SaaS, B2B SaaS, Enterprise Software
seed + speed Ventures invests in German and European B2B SaaS at pre-seed and seed with hands-on sales support as its core value proposition. The $106M fund writes checks from $250K to $5M.
26. Vi Partners
Fund Size: $192M
HQ: Switzerland
Check Size: $1M – $10M
Stage Focus: Seed, Series A, Series B
Sector Focus: AI, B2B SaaS, Enterprise Software
Vi Partners is one of Switzerland's most established venture firms, backing European enterprise software and AI companies from seed through Series B. Its $192M fund closed in early 2026.
27. Adara Ventures
Fund Size: $108M
HQ: Spain
Check Size: $1M – $10M
Stage Focus: Seed, Series A
Sector Focus: Cybersecurity, AI, Enterprise Technology
Adara Ventures has spent two decades investing in European deep-tech B2B, cybersecurity, data, and enterprise infrastructure. Its $108M fund backs seed and Series A companies out of Madrid with a pan-European mandate.
28. Marathon Venture Capital
Fund Size: $84M
HQ: Greece
Check Size: $500K – $3M
Stage Focus: Seed, Series A
Sector Focus: Applied AI, Defense, Robotics & Manufacturing
Marathon Venture Capital is Greece's leading early-stage firm, backing Greek founders building global enterprise and applied AI companies. Its $84M fund writes $500K–$3M checks at seed and Series A.
29. Indico Capital Partners
Fund Size: $145M
HQ: Portugal
Check Size: $500K – $10M
Stage Focus: Seed, Series A, Series B
Sector Focus: AI, Deeptech, Enterprise Software
Indico Capital Partners is Portugal's largest independent VC, investing in Iberian and European enterprise software and AI. Its $145M fund supports founders from seed through Series B across Europe and North America.
30. 6 Degrees Capital
Fund Size: $180M
HQ: United Kingdom
Check Size: $1M – $16M
Stage Focus: Seed, Series A
Sector Focus: AI, Enterprise Software, Fintech
6 Degrees Capital invests in European enterprise software and fintech with a wide $1M–$16M check range from its $180M fund. That flexibility lets it participate at seed and still lead a competitive Series A.
31. monday Ventures
Fund Size: $200M
HQ: Israel
Check Size: $1M – $5M
Stage Focus: Seed, Series A, Series B, Growth
Sector Focus: AI, Enterprise Software, Cybersecurity
monday Ventures is the venture arm of monday.com, giving portfolio companies access to one of the most successful work-software scale-up playbooks in the industry. Its $200M fund invests across stages in AI and enterprise software in Israel, Europe, and North America.
32. Dharana Capital
Fund Size: $250M
HQ: India
Check Size: $10M – $50M
Stage Focus: Series A, Series B, Growth
Sector Focus: SaaS, Enterprise Software, Tech-Enabled Services
Dharana Capital backs Indian SaaS and enterprise software companies at Series A and beyond with $10M–$50M checks. India's SaaS ecosystem exports globally from day one, and Dharana's $250M fund is built for that scaling phase.
33. Redpoint Ventures
Fund Size: $650M
HQ: United States
Check Size: $500K – $50M
Stage Focus: Multi-Stage
Sector Focus: AI, Cloud Infrastructure, Enterprise SaaS
Redpoint Ventures has backed generations of infrastructure and enterprise SaaS leaders, including an early position in Snowflake. Its latest $650M vehicle invests across stages in AI, cloud infrastructure, and enterprise software.
34. Foundation Capital
Fund Size: $600M
HQ: United States
Check Size: $1M – $50M
Stage Focus: Seed, Series A, Series B, Growth
Sector Focus: Fintech, AI, Enterprise Software
Foundation Capital has been investing in enterprise and fintech software for three decades, with early bets that include Netflix. Its $600M fund covers seed through growth with an increasing concentration in AI-native B2B.
35. Coatue Management
Fund Size: $1B
HQ: United States
Check Size: $5M – $100M
Stage Focus: Series A, Series B, Growth
Sector Focus: Technology, AI, Fintech
Coatue Management is a crossover investor spanning public and private markets, which gives its enterprise software portfolio unusual insight into how public investors will eventually value them. Its $1B vehicle writes $5M–$100M checks from Series A through growth.
36. Layer Global
Fund Size: $1.1B
HQ: United States
Check Size: $25M – $100M
Stage Focus: Series A, Series B, Growth
Sector Focus: Enterprise Software, AI, Generative AI
Layer Global invests $25M–$100M into enterprise software and AI companies from Series A through growth. Its $1.1B fund targets category leaders across North America, Europe, and Asia.
37. Evantic Capital
Fund Size: $400M
HQ: United Kingdom
Check Size: $5M – $50M
Stage Focus: Growth (Series C+)
Sector Focus: AI, B2B, Enterprise Software
Evantic Capital is a $400M growth fund backing enterprise software companies across North America, Europe, and Asia. Its $5M–$50M checks target B2B companies with proven revenue engines.
38. Touring Capital
Fund Size: $330M
HQ: United States
Check Size: $500K – $10M
Stage Focus: Series B, Growth
Sector Focus: AI, Software, Enterprise
Touring Capital invests in AI-first enterprise software at Series B and beyond. Its $330M fund backs companies with established product-market fit that need capital and support for global expansion.
39. Escalate Capital Partners
Fund Size: $350M
HQ: United States
Check Size: $5M – $30M
Stage Focus: Series B, Growth
Sector Focus: Technology, SaaS, Tech-Enabled Services
Escalate Capital Partners provides growth capital, including structured and credit solutions, to SaaS and tech-enabled services companies. Its $350M fund writes $5M–$30M checks, often as a less-dilutive alternative to a traditional equity round.
40. Notion Capital
Fund Size: $130M
HQ: United Kingdom
Check Size: $5M – $20M
Stage Focus: Series B, Growth
Sector Focus: B2B, Fintech, AI
Notion Capital was founded by the team behind MessageLabs and has focused exclusively on European B2B software since 2009. Its latest $130M vehicle backs European SaaS companies at Series B and growth with $5M–$20M checks.
How to Approach Enterprise Software VCs
Enterprise investors evaluate a specific set of signals, and founders who present them cleanly move through diligence faster.
Lead with the buyer, not the technology. Enterprise VCs want to know exactly who signs the contract, what budget it comes from, and why they buy now. A precise ICP with two or three reference conversations beats an impressive architecture diagram.
Show sales motion evidence early. Even pre-revenue, design partners, pilot agreements, and LOIs demonstrate that the sales motion exists. At seed, 3–5 engaged design partners is a credible substitute for ARR; by Series A, investors want $1M+ ARR with a repeatable path to pipeline.
Match the specialist to your category. A cybersecurity founder pitching Glilot, Runtime, or DataTribe gets evaluated by people who know every buyer in the space; the same pitch to a generalist requires educating the investor first. Use the sections above to route your outreach.
Build the list from fresh funds. Newly closed funds have deployment pressure working in your favor. The Everything Startups New VC Funds directory tracks new enterprise funds weekly, and the full investor database with contact details is available here.
FAQ: Enterprise Software VCs
What's the difference between enterprise software VCs and SaaS VCs?
Substantial overlap, different center of gravity. SaaS investors focus on recurring-revenue application software; enterprise software VCs cover a wider surface that includes infrastructure, developer tools, cybersecurity, and data platforms, categories where the buyer is technical and the sales motion is often bottom-up before it's top-down.
Do enterprise VCs invest in vertical SaaS?
Yes, several firms on this list, including Mighty Capital and Asymmetric, back vertical software directly, and most generalist enterprise funds treat strong vertical SaaS as core territory. Vertical companies should emphasize market depth and win rates against horizontal incumbents.
How important are design partners when pitching enterprise VCs?
At pre-seed and seed, they're often the single most persuasive asset. Named design partners with active pilots prove the problem is urgent enough that real companies commit time to an unproven vendor, which de-risks the thesis more than any market-size slide.
Should infrastructure startups raise from specialist or generalist funds?
Early on, specialists (Laude, Angular, Dig, Cerberus) add the most value because they can evaluate technical differentiation directly and connect founders with technical early adopters. Generalists with large platforms become more valuable at Series B and beyond, when scaling go-to-market dominates the agenda.
Data sourced from the Everything Startups VC Funds database, tracking newly announced venture funds weekly across the US, Europe, and Israel.
