Early Stage Growth Capital

We invest in SaaS companies with $2mm to $30mm in ARR, led by founders who are cash efficient, resourceful, and pragmatic. We lead or follow growth rounds, but also do 'special situations' like small rounds, fast rounds, and last rounds. We provide commitments in 3 to 5 weeks and our check ranges from $1mm to $4mm. We welcome hearing from founders directly and don't require a warm introduction.

Afif Khoury, Brock Stechman and Brody Dorland
Jeremy Swift, Ben Dorr and Shalom Reinman

Driven by Data

You've probably pitched investors who spent more time explaining your market back to you than actually reading your numbers. We don't do that. We're data-first, sector-agnostic, and we can get to term sheet in under 10 days when the metrics make the case.

speed and transparency

Most VC firms take months to say nothing. We respond to every inbound, assess fit in days, and deliver a full commitment in 3–5 weeks. No warm intro required. No black hole. Every founder receives a response and those that are a fit move to the front of the line.

Mikhail Dubov, Dmitry Isupov and Jan Arendtsz

SaaS Metrics

We follow every publicly traded SaaS company in the US.  Check out metrics of companies that have IPO'd in the past three years.

A History of Performance

Twelve years of investing has taught us more than any MBA. We've had strong exits and real failures, and we'll tell you about both. The losses shaped how we evaluate opportunities, support founders, and show up when things get hard.

34

companies funded

74

MILLION
total capital

1-4

million
check size

2-4

week
decision process

The Portfolio

Our portfolio spans software companies across the United States, Canada, and the UK, from Series A to E.
View Our Portfolio

Fresh Insights from our Blog

UnlockedVC is the Matchmaking Platform SaaS Founders and Investors Deserve Right Now

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AI Take-Aways from ServiceNow's Q1 Earnings Call

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Q4 2025 YOYG in SaaS Climbs

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Q2 SaaS cash efficiency & payback period data

Are SaaS companies spending less to add new revenue? We looked at the ‘cash...

Q2 SaaS metrics and financials (NDR, growth, efficiency)

We keep close track of every SaaS IPO in the past five years (since MongoDB in...

SaaS acquisition multiples ~8x

Alongside multiples of publicly traded SaaS companies, public SaaS...