SAASTR FUND MANAGEMENT, L.L.C.

Thesis

The firm primarily focuses on early-stage Business-to-Business (B2B) Software-as-a-Service (SaaS) companies, with a strong emphasis on those leveraging Artificial Intelligence (AI) technologies. SaaSTR Fund aims to support the next generation of B2B leaders and has established itself as a significant player within the SaaS community through its content, events, and investment activities. Their investment strategy centers on identifying and backing high-growth B2B startups with the potential to become industry leaders, particularly those that are AI-native or utilize AI in their core offerings. The fund typically invests in 4-5 B2B startups annually, focusing on the seed and late seed stages, requiring companies to have at least 10 unaffiliated customers and ideally generate $10,000 or more in Monthly Recurring Revenue (MRR), or between $100,000 and $2 million in Annual Recurring Revenue (ARR). Pre-revenue companies are generally considered too early. SaaSTR Fund prefers to lead or co-lead investment rounds and is comfortable being the sole investor. They maintain a follow-on investment strategy through the SaaSTR Opportunity Fund II. While primarily focusing on North American startups, they are open to investing in companies globally. SaaSTR Fund has approximately $150 million to $200 million in Assets Under Management (AUM) and the typical check size per investment deal ranges from $500,000 to $5 million, with a preference for initial investments between $500,000 and $4 million. Checks larger than $4 million generally require a co-investor.

Related lists

• Seed-stage AI investors
• Seed-stage Enterprise investors
• Series C+ AI investors