How many total Vertical SaaS companies are there?

As of Jul 2026, there are 101,469 active companies in Vertical SaaS sector.

Which countries have the most Vertical SaaS companies?

United States (39,922) has the highest number of Vertical SaaS companies, followed by India (14,702) and United Kingdom (10,646).

How many Vertical SaaS companies are funded?

As of Jul 2026, 26,395 companies in this sector have received funding.

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

As of Jul 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 $239B 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 $220B in this sector.

How many unicorns has Vertical SaaS sector produced?

Globally, there are 255 unicorns in Vertical SaaS sector, to date.

Vertical SaaS - 2026 Market & Investments Trends

There are 123K companies in the Vertical SaaS sector across the world, with 26.4K funded companies having collectively raised $461B in venture capital money and private equity. Overall 14.5K of these are Series A+ funded and the sector has seen the creation of 255 Unicorns.

Vertical SaaS sector has seen 7.82K acquisitions and 1.37K IPOs. This represents almost 7.5% of all such companies - which is higher than the 4.6% exit rate of tech companies in general.

This sector includes companies building Software-as-a-Service platforms purpose-built to manage operational workflows unique to a single industry vertical.

Vertical SaaS sector is also known as Vertical Software or Industry-Specific SaaS.

Companies included in Vertical SaaS sector

It includes specific salon booking and point-of-sale software, dedicated construction project scheduling software, restaurant kitchen management dashboards, and customized hotel property management platforms.

Companies excluded in Vertical SaaS sector

It excludes generic horizontal cloud software lines (like general Salesforce CRM, broad Microsoft Excel tools, or horizontal QuickBooks accounting applications).

Key Metrics

Total Companies

123K

Top Companies

Shopify, Workday & more

Total Funding

Funded Companies

Series A+ Companies

Series C+ Companies

Unicorns Created

IPOs

Acquisitions

Also known as

Vertical Software or Industry-Specific SaaS

View complete details of this sector

There are more than 123K 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
Shopify	Provider of an all-in-one commerce platform for businesses of all sizes	Ottawa (Canada)	2006	Public	$122M
Workday	Developer of cloud software for human resources finance and operations	Pleasanton (United States)	2005	Public	$352M
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

1,385 new startups have been founded so far in 2026 in the Vertical SaaS sector. 9,861 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	1,385
2025	2,089
2024	2,936
2023	4,881
2022	4,924
2021	6,759
2020	9,861
2019	7,785
2018	7,118
2017	6,698

Companies founded across countries in the Vertical SaaS sector

United States has 39,922 Vertical SaaS startups, the most by any country, followed by India which has 14,702 startups and United Kingdom which has 10,646.

Total Number of Companies

Country	No. of companies
United States	39,922
India	14,702
United Kingdom	10,646
Germany	5,102
Canada	4,586
Australia	3,478
France	2,516
China	2,401
Netherlands	2,109
Brazil	1,996

Stage-wise distribution of the Vertical SaaS sector

Out of the total 123,137 Vertical SaaS companies, 26,395 have secured funding. Among them, 14,521 have reached Series A or higher, and 11,472 to Series B or beyond.

Founded - 123,137

Funded - 26,395

Series A+ - 14,521

Series B+ - 11,472

Series C+ - 10,252

Company Stage	No. of companies
Founded	123,137
Funded	26,395
Series A+	14,521
Series B+	11,472
Series C+	10,252

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123K+ Total Companies
$461B+ Total Funding
26.4K+ Funded Companies
1.4K+ 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 $377B in the last 10 years. The most amount of funding was in 2021 at more than $85B. There has been a total funding of $14.7B in 2026 till date.

Total Funding

Year	Total Funding
2026	$14.7B
2025	$38B
2024	$25B
2023	$29B
2022	$54.5B
2021	$85B
2020	$37.2B
2019	$34B
2018	$42.1B
2017	$17.8B

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 - $239B. United Kingdom follows with $29.1B and China with $15.8B.

Total Funding

Country	Total Funding
United States	$239B
United Kingdom	$29.1B
China	$15.8B
India	$13.3B
Canada	$11.8B
Germany	$8.64B
France	$8.46B
Australia	$4.94B
Netherlands	$3.59B
Singapore	$3.34B

Total funding amount raised by stage in the Vertical SaaS sector

Over the last 10 years, the Vertical SaaS sector have seen $17.6B into Seed Stage funding rounds, $116B into Early Stage funding rounds and $141B go into Late Stage funding rounds.

Funding Stage	Total Funding
Late Stage	$141B
Early Stage	$116B
Debt	$58.3B
Post IPO	$24.2B
Seed Stage	$17.6B
PE	$9.15B
Grant	$1.85B
ICO	$102M
Other-Equity	$20.8M

Recent Funding Rounds in Vertical SaaS

In the year 2026, till July 2026, Vertical SaaS companies have raised $11.8B in equity funding across 954 rounds. In the same period last year (i.e. till July 2025), Vertical SaaS companies had raised $15.8B across 1.14K rounds. So, 2026 has seen a 25.24% 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
WizCommerce	Series A	1323	Jul 09, 2026	Blume Venture and 4 more
TJMLabs	Series B	8621	Jul 09, 2026	Elephant Venture Capital and 2 more
Wheelocity	Series A	7576	Jul 09, 2026	-
Sherpa	Seed	6841	Jul 09, 2026	Seedcamp and 3 more
Hostie	Series A	7217	Jul 08, 2026	Obvious Ventures and 5 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	Altair, Amadeus, IQVIA and Procore
Y Combinator	Mountain View (United States)	Razorpay, Gusto, Flexport and Matterport
Techstars	New York City (United States)	Squarespace, Bluecore, GoSpotCheck and GlossGenius
HHS	Washington, DC (United States)	IQVIA, Evidation, Schrodinger and Perspectum
Plug and Play Tech Center	Sunnyvale (United States)	Einride, BitGo, SecurityScorecard and Shippo

See a more detailed list of investors

In the year 2026, till July 2026, 275 acquisitions happened in Vertical SaaS sector. Last year, in 2025, a total of 607 acquisitions happened in Vertical SaaS sector.

Here are some recent, important acquisitions in Vertical SaaS:

Company	Acquisition Type	Acquisition Date	Acquirers
Northslope	Business Acquisition	Jul 09, 2026	-
MatrixCare	Business Acquisition	Jul 07, 2026	Frazier Healthcare Partners
Prism Energy	Business Acquisition	Jul 07, 2026	Glo-Bal
Superclaims	Business Acquisition	Jul 06, 2026	Ekincare
Driv.in	Business Acquisition	Jul 06, 2026	Descartes

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	275
2025	607
2024	647
2023	615
2022	842
2021	989
2020	634
2019	631
2018	584
2017	524

In the year 2026, till June 2026, 9 IPOs happened in Vertical SaaS sector.

Here are some recent, important IPOs in Vertical SaaS:

Company	IPO Date	Exchange Symbol
ERock	Jun 10, 2026	New York Stock Exchange (NYSE)
aetherAI	May 20, 2026	Taiwan Stock Exchange (TPE)
Squeeze	Apr 22, 2026	Tokyo Stock Exchange (TYO)
FiscalNote	Apr 06, 2026	OTC Markets (OTCMKTS)
Smartcraft	Mar 24, 2026	Stockholm Stock Exchange (STO)

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	834
Harvard University	609
Massachusetts Institute of Technology	530
Harvard Business School	424
University of Pennsylvania	405
University of California (Berkeley)	336
Tel Aviv University	302
University of Cambridge	293
Cornell University	292
University of Oxford	289

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	$35.5B
Massachusetts Institute of Technology	$23.5B
Harvard University	$21.1B
University of California (Berkeley)	$18.3B
University of Oxford	$13.7B
Cornell University	$12.3B
University of Pennsylvania	$12B
Carnegie Mellon University	$10.9B
Harvard Business School	$9.42B
Wharton School	$8.59B