What You Need To Know About SaaS Companies Right Now: Metrics, Revenue, Trends, Investments, DNA
Happy Friday Everyone. Wanted to get some great data out to you before the weekend.
The engagement on my newsletter has been incredible. I've had so many people on LinkedIn and Twitter Reaching out to me.
It's meant a lot as a SaaS Founder coming from Enterprise Software Sales.
Take a look at this great information on Series A Companies.
Quick Facts ✅
Avg Time From Company Inception to Series A - 4 years, 4 months
Avg Series A Round Size - $16.7M
Avg Total Funding Amount - $20.7M
Avg Size of Founding Team - 2 (Max - 10)
Avg Team Size - 53 Employees
After raising a Series A in last 365, 27 companies exited
Largest Deals Money Bag 💰
Perch | $775M ( @SoftBank )
Transmit Security | $543M ( @generalatlantic & @insightpartners )
Centessa Pharma | $250M ( @generalatlantic )
Flink Food | $240M ( @Prosus_Ventures & @bondcap ) bung | $229M ( @pollencap )
The US is in the lead with 1.2K companies with Series A deals.
Here’s the breakout of the other countries:
United Kingdom - 225
India - 109
Germany - 105
France - 86
Canada - 82
Israel - 72
Brazil - 42
Switzerland - 39
Spain - 38
Top 10 Most Active Investors
1) ycombinator
2) avgfunds
3) techstars
4) svangel
5) FjLabs
6) PlugandPlayTC
7) a16z
8) General Catalyst
Other Notables:
Coinbase (16th) , Tiger Global (20th) , Naval (324th)
Most Series A Investors:
1) Stanford
2) YCombinator
3) MIT
4) Harvard
5) UCBerkley
6) TelAvivUni
7) Cambridge_Uni
8) StanfordGSB
9) UniofOxford
10) UMich
Companies with the Most Founders:
1) Google
2) Microsoft
3) McKinsey
4) GoldmanSachs
5) IBM
6) IDF
7) BCG
8) Bain
9) Uber
10) Facebook
Others:
Salesforce (18th), Apple (20th)
Take a look at this image if you're trying to figure out how to get there yourself.
SaaS is a profound business opportunity:
- Significant industry growth
- Strong recurring revenue
- Great gross margins
- Excellent valuation multiples
- Rapid product development
Learn SaaS. Live SaaS. Love SaaS.
References: Steve Nass, David Duke, Various Data Analysis, RedPoint Ventures