About Vertical SaaS
There are 121K companies in the Vertical SaaS sector across the world, with 26.4K funded companies having collectively raised $465B in venture capital money and private equity. Overall 14.4K of these are Series A+ funded and the sector has seen the creation of 262 Unicorns.
Vertical SaaS sector has seen 7.84K acquisitions and 1.19K IPOs. This represents almost 7.5% of all such companies - which is higher than the 4.7% exit rate of tech companies in general.
Top Companies in Vertical SaaS
There are more than 121K companies in Vertical SaaS. Shopify 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 |
|---|---|---|---|---|---|
Provider of an all-in-one commerce platform for businesses of all sizes | Ottawa (Canada) | 2006 | Public | $122M | |
Developer of cloud software for human resources finance and operations | Pleasanton (United States) | 2005 | Public | $352M | |
Network of resources for professional networking, job searching, and skill development | Sunnyvale (United States) | 2002 | Acquired | $144M | |
Cloud-based collaborative design platform | Surry Hills (Australia) | 2012 | Series F | $589M | |
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 |
Companies founded year-on-year in the Vertical SaaS sector
206 new startups have been founded so far in 2026 in the Vertical SaaS sector. 9,949 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 | 206 |
2025 | 1,926 |
2024 | 2,839 |
2023 | 4,861 |
2022 | 4,929 |
2021 | 6,795 |
2020 | 9,949 |
2019 | 7,861 |
2018 | 7,192 |
2017 | 6,743 |
Companies founded across countries in the Vertical SaaS sector
United States has 39,771 Vertical SaaS startups, the most by any country, followed by India which has 14,282 startups and United Kingdom which has 10,608.
- Total Number of Companies
Country | No. of companies |
|---|---|
United States | 39,771 |
India | 14,282 |
United Kingdom | 10,608 |
Germany | 5,038 |
Canada | 4,575 |
Australia | 3,507 |
France | 2,503 |
China | 2,385 |
Netherlands | 2,097 |
Brazil | 1,966 |
Stage-wise distribution of the Vertical SaaS sector
Out of the total 120,975 Vertical SaaS companies, 26,359 have secured funding. Among them, 14,351 have reached Series A or higher, and 11,316 to Series B or beyond.
Founded - 120,975
Funded - 26,359
Series A+ - 14,351
Series B+ - 11,316
Series C+ - 10,091
Company Stage | No. of companies |
|---|---|
Founded | 120,975 |
Funded | 26,359 |
Series A+ | 14,351 |
Series B+ | 11,316 |
Series C+ | 10,091 |
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- 121K+ Total Companies
- $465B+ Total Funding
- 26.4K+ Funded Companies
- 1.2K+ IPOs
- 7.8K+ Acquisitions
- 180+ Reports
Funding Trends in the Vertical SaaS sector
Total funding year-on-year in the Vertical SaaS sector
The Vertical SaaS sector saw a total funding of more than $380B in the last 10 years. The most amount of funding was in 2021 at more than $87.6B. There has been a total funding of $11.2B in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $11.2B |
2025 | $38.1B |
2024 | $25.6B |
2023 | $29B |
2022 | $55.6B |
2021 | $87.6B |
2020 | $37.7B |
2019 | $35B |
2018 | $42.5B |
2017 | $17.9B |
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 - $242B. United Kingdom follows with $28.8B and China with $16B.
- Total Funding
Country | Total Funding |
|---|---|
United States | $242B |
United Kingdom | $28.8B |
China | $16B |
India | $14.7B |
Canada | $11.8B |
Germany | $8.55B |
France | $8.45B |
Australia | $4.99B |
Netherlands | $3.73B |
Singapore | $3.53B |
Total funding amount raised by stage in the Vertical SaaS sector
Over the last 10 years, the Vertical SaaS sector have seen $17.5B into Seed Stage funding rounds, $117B into Early Stage funding rounds and $144B go into Late Stage funding rounds.
Funding Stage | Total Funding |
|---|---|
Late Stage | $144B |
Early Stage | $117B |
Debt | $59B |
Post IPO | $24.5B |
Seed Stage | $17.5B |
PE | $9.55B |
Grant | $1.77B |
ICO | $135M |
Other-Equity | $20.9M |
Recent Funding Rounds in Vertical SaaS
In the year 2026, till May 2026, Vertical SaaS companies have raised $8.46B in equity funding across 689 rounds.
In the same period last year (i.e. till May 2025), Vertical SaaS companies had raised $10.7B across 778 rounds.
So, 2026 has seen a 21.2% 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 |
|---|---|---|---|---|
Series D | 3129 | May 29, 2026 | and 3 more | |
Seed | 8005 | May 29, 2026 | and 5 more | |
Seed | 3772 | May 28, 2026 | ||
Series C | 7919 | May 28, 2026 | ||
Series A | 7770 | May 28, 2026 |
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Top Investors in Vertical SaaS
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 |
|---|---|---|
Mountain View (United States) | ||
New York City (United States) | ||
Washington, DC (United States) | ||
Sunnyvale (United States) |
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M&A activity in Vertical SaaS
In the year 2026, till May 2026, 208 acquisitions happened in Vertical SaaS sector. Last year, in 2025, a total of 608 acquisitions happened in Vertical SaaS sector.
Here are some recent, important acquisitions in Vertical SaaS:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | May 28, 2026 | ||
Business Acquisition | May 28, 2026 | ||
Business Acquisition | May 27, 2026 | ||
Business Acquisition | May 26, 2026 | ||
Business Acquisition | May 26, 2026 |
Acquisition trends in Vertical SaaS
Here are the acquisition trends in Vertical SaaS:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 208 |
2025 | 608 |
2024 | 655 |
2023 | 620 |
2022 | 847 |
2021 | 995 |
2020 | 640 |
2019 | 637 |
2018 | 591 |
2017 | 532 |
IPOs in Vertical SaaS
In the year 2026, till May 2026, 10 IPOs happened in Vertical SaaS sector.
Here are some recent, important IPOs in Vertical SaaS:
Company | IPO Date | Exchange Symbol |
|---|---|---|
May 20, 2026 | Taiwan Stock Exchange (TPE) | |
Apr 22, 2026 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Apr 22, 2026 | Tokyo Stock Exchange (TYO) | |
Apr 06, 2026 | OTC Markets (OTCMKTS) | |
Mar 24, 2026 | Stockholm Stock Exchange (STO) |
Colleges which produce the most Vertical SaaS companies
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 | 823 |
Harvard University | 602 |
Massachusetts Institute of Technology | 529 |
Harvard Business School | 416 |
University of Pennsylvania | 413 |
University of California (Berkeley) | 335 |
Tel Aviv University | 303 |
Cornell University | 297 |
University of Cambridge | 297 |
University of Oxford | 286 |
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 | $37.4B |
Massachusetts Institute of Technology | $23.9B |
Harvard University | $21B |
University of California (Berkeley) | $18.4B |
University of Oxford | $13.8B |
Cornell University | $12.3B |
University of Pennsylvania | $11.8B |
Carnegie Mellon University | $10.8B |
Harvard Business School | $9.39B |
Tel Aviv University | $8.58B |
Top News in Vertical SaaS
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Ocado Group partners with Asda for UK online business; AstraZeneca drug gets US nodShareprices•May 29, 2026•Asda, Ocado, Ocado Group
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Royal London Asset Management Expands Partnership with SS&C to Service New Australian FundsKorea Newswire•May 28, 2026•SS&C
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Beeline upgrades IT infrastructure for St Petersburg regional governmentTelecompaper•May 28, 2026•Beeline
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FastSpring's Chip Thurston Discusses Bright Future for D2C in Gaming Platform EconomyPocket Gamer•May 28, 2026•FastSpring
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Cornerstone Report: APJ Organizations Lose Millions Annually Due to Workforce Culture and Capability GapsMedia Bulletins•May 28, 2026•Cornerstone
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Bullhorn Unveils Amplify Digital Workers and AI Skills at Engage 2026Hrtechfeed•May 28, 2026•Bullhorn
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InterSystems and 59stVentures Partner to Enhance AI-Ready Data Transformation in ASEANWorld Business Outlook•May 28, 2026•InterSystems
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Amadeus Redefines Travel Advertising to Help Brands Capture Demand EarlierBusiness Wire•May 28, 2026•Amadeus, Accenture, Elo
