How many total Vertical SaaS companies are there?

As of Apr 2026, there are 94,947 active companies in Vertical SaaS sector.

Which countries have the most Vertical SaaS companies?

United States (38,425) has the highest number of Vertical SaaS companies, followed by India (14,007) and United Kingdom (10,466).

How many Vertical SaaS companies are funded?

As of Apr 2026, 26,057 companies in this sector have received funding.

Which company has raised the most funding in Vertical SaaS sector?

As of Apr 2026, Uber Freight has secured $2.78B in funding, making it the highest-funded company in the Vertical SaaS sector.

Which country has attracted the most investment in Vertical SaaS companies?

With $240B in total funding, United States has attracted the most investment among Vertical SaaS companies.

Who are the top investors in Vertical SaaS companies?

The top investors in Vertical SaaS companies by number of investments are Europa, Y Combinator and Techstars

How much venture capital has Vertical SaaS sector attracted?

In the last 10 years, venture capital firms have invested $225B in this sector.

How many unicorns has Vertical SaaS sector produced?

Globally, there are 258 unicorns in Vertical SaaS sector, to date.

Vertical SaaS - 2026 Market & Investments Trends

There are 117K companies in the Vertical SaaS sector across the world, with 26.1K funded companies having collectively raised $458B in venture capital money and private equity. Overall 14.2K of these are Series A+ funded and the sector has seen the creation of 258 Unicorns.

Vertical SaaS sector has seen 7.78K acquisitions and 1.11K IPOs. This represents almost 7.6% of all such companies - which is higher than the 4.9% exit rate of tech companies in general.

Key Metrics

Total Companies

117K

Top Companies

Workday, Shopify & more

Total Funding

Funded Companies

Series A+ Companies

Series C+ Companies

Unicorns Created

IPOs

Acquisitions

View complete details of this sector

There are more than 117K companies in Vertical SaaS. Workday is the top Vertical SaaS company globally, ranked using Tracxn Score (what's this?).

Here are 5 of the top Vertical SaaS companies globally:

Company	Description	Location	Founded	Current Stage	Private Funding Raised
Workday	Cloud-based financial management, EPM, and HR software provider for enterprises	Pleasanton (United States)	2005	Public	$352M
Shopify	Provider of an all-in-one commerce platform for businesses of all sizes	Ottawa (Canada)	2006	Public	$122M
LinkedIn	Network of resources for professional networking, job searching, and skill development	Sunnyvale (United States)	2002	Acquired	$144M
Canva	Cloud-based collaborative design platform	Surry Hills (Australia)	2012	Series F	$589M
Coupa	Provider of cloud-based business spend management platform leveraging AI to help companies achieve visibility, control, and optimization of total spend	San Mateo (United States)	2006	Acquired	$169M

Get a longer list of companies

Companies founded year-on-year in the Vertical SaaS sector

76 new startups have been founded so far in 2026 in the Vertical SaaS sector. 9,799 Vertical SaaS startups were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.

Total Number of Companies

Year	No. of companies
2026	76
2025	1,378
2024	2,606
2023	4,682
2022	4,820
2021	6,712
2020	9,799
2019	7,792
2018	7,122
2017	6,685

Companies founded across countries in the Vertical SaaS sector

United States has 38,425 Vertical SaaS startups, the most by any country, followed by India which has 14,007 startups and United Kingdom which has 10,466.

Total Number of Companies

Country	No. of companies
United States	38,425
India	14,007
United Kingdom	10,466
Germany	4,981
Canada	4,503
Australia	3,475
France	2,452
China	2,077
Netherlands	2,046
Brazil	1,939

Stage-wise distribution of the Vertical SaaS sector

Out of the total 116,604 Vertical SaaS companies, 26,057 have secured funding. Among them, 14,159 have reached Series A or higher, and 11,161 to Series B or beyond.

Founded - 116,604

Funded - 26,057

Series A+ - 14,159

Series B+ - 11,161

Series C+ - 9,939

Company Stage	No. of companies
Founded	116,604
Funded	26,057
Series A+	14,159
Series B+	11,161
Series C+	9,939

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117K+ Total Companies
$458B+ Total Funding
26.1K+ Funded Companies
1.1K+ IPOs
7.8K+ Acquisitions
180+ Reports

Total funding year-on-year in the Vertical SaaS sector

The Vertical SaaS sector saw a total funding of more than $374B in the last 10 years. The most amount of funding was in 2021 at more than $88.6B. There has been a total funding of $7.38B in 2026 till date.

Total Funding

Year	Total Funding
2026	$7.38B
2025	$38.1B
2024	$25.4B
2023	$28.6B
2022	$54.1B
2021	$88.6B
2020	$37.4B
2019	$35.1B
2018	$41.5B
2017	$18.2B

Total funding across countries in the Vertical SaaS sector

In the last 10 years, Vertical SaaS startups in United States have recieved the highest funding among all countries - $240B. United Kingdom follows with $30B and China with $16.3B.

Total Funding

Country	Total Funding
United States	$240B
United Kingdom	$30B
China	$16.3B
India	$14.7B
Canada	$12.3B
France	$8.8B
Germany	$8.74B
Australia	$4.75B
Netherlands	$3.73B
Singapore	$3.63B

Total funding amount raised by stage in the Vertical SaaS sector

Over the last 10 years, the Vertical SaaS sector have seen $17.2B into Seed Stage funding rounds, $117B into Early Stage funding rounds and $143B go into Late Stage funding rounds.

Funding Stage	Total Funding
Late Stage	$143B
Early Stage	$117B
Debt	$56.8B
Post IPO	$24.5B
Seed Stage	$17.2B
PE	$9.72B
Grant	$1.67B
ICO	$133M
Other-Equity	$15.4M

Recent Funding Rounds in Vertical SaaS

In the year 2026, till April 2026, Vertical SaaS companies have raised $4.87B in equity funding across 396 rounds. In the same period last year (i.e. till April 2025), Vertical SaaS companies had raised $9.53B across 626 rounds. So, 2026 has seen a 48.95% drop in funding in Vertical SaaS companies as compared to 2025.

Here are some recent, important funding rounds in Vertical SaaS:

Company	Round Raised	Amount Raised	Funding Date	Investors
Daakit	Seed	4408	Apr 09, 2026	Inflection Point Ventures
Edmundai	Seed	8844	Apr 09, 2026	FORWARD.one and 1 more
Humanly	Series B	5884	Apr 08, 2026	SEEK Investments and 3 more
VERTIGENIUS	Seed	5615	Apr 08, 2026	Atlantic Bridge and 4 more
Mign	Seed	6867	Apr 08, 2026	Animal Spirits and 3 more

See a more detailed list of funding rounds

Europa is the top investor in Vertical SaaS companies based on number of companies invested.

Here are some top investors in Vertical SaaS:

Investor	Location	Top Portfolio Companies
Europa	Belgium	Amadeus, IQVIA, Procore and Tink
Y Combinator	Mountain View (United States)	Razorpay, Substack, Brex and Gusto
Techstars	New York City (United States)	Squarespace, GoSpotCheck, Bluecore and Degreed
HHS	Washington, DC (United States)	IQVIA, Evidation, DNAnexus and Meru Health
Plug and Play Tech Center	Sunnyvale (United States)	BitGo, Shippo, SecurityScorecard and Civic Technologies

See a more detailed list of investors

In the year 2026, till April 2026, 130 acquisitions happened in Vertical SaaS sector. Last year, in 2025, a total of 600 acquisitions happened in Vertical SaaS sector.

Here are some recent, important acquisitions in Vertical SaaS:

Company	Acquisition Type	Acquisition Date	Acquirers
Alora Health	Business Acquisition	Apr 09, 2026	livtech.com
ExactSpace	Business Acquisition	Apr 09, 2026	Thermax
Planetrics	Business Acquisition	Apr 09, 2026	SLR Consulting
Cocoon	Business Acquisition	Apr 09, 2026	TriNet
Dubverse	Acqui-Hired	Apr 08, 2026	Exotel

See a more detailed list of acquisitions

Acquisition trends in Vertical SaaS

Here are the acquisition trends in Vertical SaaS:

Total Number of Acquisitions

Year	No. of companies
2026	130
2025	600
2024	653
2023	624
2022	845
2021	1,000
2020	645
2019	641
2018	591
2017	534

In the year 2026, till April 2026, 7 IPOs happened in Vertical SaaS sector.

Here are some recent, important IPOs in Vertical SaaS:

Company	IPO Date	Exchange Symbol
FiscalNote	Apr 06, 2026	OTC Markets (OTCMKTS)
Smartcraft	Mar 24, 2026	Stockholm Stock Exchange (STO)
Generate Biomedicines	Feb 27, 2026	National Association of Securities Dealers Automated Quotations (NASDAQ)
Essensys	Feb 25, 2026	London Stock Exchange (LSE)
Eikon	Feb 05, 2026	National Association of Securities Dealers Automated Quotations (NASDAQ)

See a more detailed list of IPOs

Companies founded by alumni from top colleges in the Vertical SaaS sector

Most number of Vertical SaaS startups have been founded by alumni from Stanford University, Harvard University and Massachusetts Institute of Technology.

College	No. of companies
Stanford University	821
Harvard University	602
Massachusetts Institute of Technology	529
Harvard Business School	417
University of Pennsylvania	410
University of California (Berkeley)	336
Tel Aviv University	301
University of Cambridge	296
Cornell University	295
University of Oxford	291

Total funding in companies founded by alumni from top colleges in the the Vertical SaaS sector

In the last 10 years, Stanford University graduates' Vertical SaaS companies have raised the most funding among top colleges. Massachusetts Institute of Technology alumni are second, and Harvard University alumni are third.

College	Total Funding
Stanford University	$36.9B
Massachusetts Institute of Technology	$23.8B
Harvard University	$21.3B
University of California (Berkeley)	$18.3B
University of Oxford	$13.9B
University of Pennsylvania	$11.8B
Cornell University	$11.2B
Carnegie Mellon University	$10.7B
Harvard Business School	$9.49B
Yale University	$8.66B