About Vertical SaaS
There are 157K companies in the Vertical SaaS sector across the world, with 27K funded companies having collectively raised $475B in venture capital money and private equity. Overall 14.9K of these are Series A+ funded and the sector has seen the creation of 257 Unicorns.
Vertical SaaS sector has seen 7.94K acquisitions and 1.52K IPOs. This represents almost 6.0% of all such companies - which is higher than the 4.1% 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).Top Companies in Vertical SaaS
There are more than 157K 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 |
|---|---|---|---|---|---|
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 | |
Provider of e-commerce shipping, fulfillment, marketing, and financial services | Delhi (India) | 2012 | Public | $322M | |
Provider of an all-in-one commerce platform for businesses of all sizes | Ottawa (Canada) | 2006 | Public | $122M | |
Cloud-based administrative tool for healthcare providers | Watertown (United States) | 1997 | Acquired | $49.1M |
Companies founded year-on-year in the Vertical SaaS sector
9,068 new startups have been founded so far in 2026 in the Vertical SaaS sector. 10,241 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 | 9,068 |
2025 | 5,196 |
2024 | 4,892 |
2023 | 5,584 |
2022 | 5,364 |
2021 | 7,101 |
2020 | 10,241 |
2019 | 8,139 |
2018 | 7,317 |
2017 | 6,898 |
Companies founded across countries in the Vertical SaaS sector
United States has 46,681 Vertical SaaS startups, the most by any country, followed by India which has 17,097 startups and United Kingdom which has 12,382.
- Total Number of Companies
Country | No. of companies |
|---|---|
United States | 46,681 |
India | 17,097 |
United Kingdom | 12,382 |
Germany | 6,306 |
Canada | 5,422 |
Australia | 3,977 |
France | 3,170 |
China | 2,684 |
Brazil | 2,637 |
Netherlands | 2,612 |
Stage-wise distribution of the Vertical SaaS sector
Out of the total 156,923 Vertical SaaS companies, 27,039 have secured funding. Among them, 14,911 have reached Series A or higher, and 11,795 to Series B or beyond.
Founded - 156,923
Funded - 27,039
Series A+ - 14,911
Series B+ - 11,795
Series C+ - 10,532
Company Stage | No. of companies |
|---|---|
Founded | 156,923 |
Funded | 27,039 |
Series A+ | 14,911 |
Series B+ | 11,795 |
Series C+ | 10,532 |
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- 157K+ Total Companies
- $475B+ Total Funding
- 27K+ Funded Companies
- 1.5K+ IPOs
- 7.9K+ 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 $393B in the last 10 years. The most amount of funding was in 2021 at more than $85.5B. There has been a total funding of $26.3B in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $26.3B |
2025 | $40.4B |
2024 | $25.4B |
2023 | $29.4B |
2022 | $55.5B |
2021 | $85.5B |
2020 | $37.2B |
2019 | $35.5B |
2018 | $40.2B |
2017 | $18B |
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 - $249B. United Kingdom follows with $28B and China with $15.7B.
- Total Funding
Country | Total Funding |
|---|---|
United States | $249B |
United Kingdom | $28B |
China | $15.7B |
India | $13.4B |
Canada | $12B |
Germany | $8.63B |
France | $8.45B |
Australia | $4.99B |
Netherlands | $4.25B |
Singapore | $3.35B |
Total funding amount raised by stage in the Vertical SaaS sector
Over the last 10 years, the Vertical SaaS sector have seen $18.2B into Seed Stage funding rounds, $118B into Early Stage funding rounds and $149B go into Late Stage funding rounds.
Funding Stage | Total Funding |
|---|---|
Late Stage | $149B |
Early Stage | $118B |
Debt | $58.3B |
Post IPO | $24.3B |
Seed Stage | $18.2B |
PE | $10.7B |
Grant | $1.98B |
Other-Equity | $95.8M |
ICO | $83.5M |
Recent Funding Rounds in Vertical SaaS
In the year 2026, till September 2026, Vertical SaaS companies have raised $22.3B in equity funding across 1.35K rounds.
In the same period last year (i.e. till September 2025), Vertical SaaS companies had raised $20.5B across 1.54K rounds.
So, 2026 has seen a 8.88% rise 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 B | 7135 | Sep 09, 2026 | ||
Seed | 4125 | Sep 09, 2026 | - | |
Series H | 7978 | Sep 09, 2026 | and 13 more | |
Seed | 6941 | Sep 08, 2026 | ||
Series A | 8870 | Sep 08, 2026 |
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) | ||
Washington, DC (United States) | ||
New York City (United States) | ||
Sunnyvale (United States) |
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M&A activity in Vertical SaaS
In the year 2026, till September 2026, 367 acquisitions happened in Vertical SaaS sector. Last year, in 2025, a total of 628 acquisitions happened in Vertical SaaS sector.
Here are some recent, important acquisitions in Vertical SaaS:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Sep 04, 2026 | ||
Business Acquisition | Sep 03, 2026 | ||
Business Acquisition | Sep 03, 2026 | ||
Business Acquisition | Sep 03, 2026 | ||
Business Acquisition | Sep 01, 2026 |
Acquisition trends in Vertical SaaS
Here are the acquisition trends in Vertical SaaS:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 367 |
2025 | 628 |
2024 | 652 |
2023 | 623 |
2022 | 846 |
2021 | 989 |
2020 | 639 |
2019 | 628 |
2018 | 584 |
2017 | 525 |
IPOs in Vertical SaaS
In the year 2026, till September 2026, 14 IPOs happened in Vertical SaaS sector.
Here are some recent, important IPOs in Vertical SaaS:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Sep 01, 2026 | Canadian Securities Exchange (CSE) | |
Aug 19, 2026 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Jul 24, 2026 | Australian Securities Exchange (ASX) | |
Jun 29, 2026 | Hong Kong Exchanges (HKG) | |
Jun 10, 2026 | New York Stock Exchange (NYSE) |
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 | 565 |
Harvard University | 469 |
Massachusetts Institute of Technology | 360 |
University of California (Berkeley) | 301 |
University of Pennsylvania | 292 |
IIT Delhi | 252 |
Harvard Business School | 235 |
University of California (Los Angeles) | 218 |
University of Oxford | 214 |
University of Cambridge | 213 |
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 | $31.2B |
Massachusetts Institute of Technology | $21.4B |
Harvard University | $16.9B |
University of California (Berkeley) | $14.7B |
University of Pennsylvania | $11.8B |
Wharton School | $8.51B |
Cornell University | $8.11B |
Stanford Business School | $7.89B |
Carnegie Mellon University | $7.57B |
Tel Aviv University | $7.43B |
Top News in Vertical SaaS
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Medius Integrates Thomson Reuters ONESOURCE for Sales & Use Tax Verification in AP AutomationPR Newswire•Sep 09, 2026•Medius
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Boot Barn Centralizes Product Development to Fuel Growth with Centric PLMPR Newswire•Sep 09, 2026•Centric Software, BootBarn
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Nomentia Launches New Modules for the Foundation of Modern TreasuryPR Newswire•Sep 09, 2026•Nomentia
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Anaplan Opens Largest Global Office in Gurugram to Boost APAC Growth and AI InnovationCyberMedia India Online•Sep 09, 2026•Anaplan
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Relativity Announces Skadden as Participant in Advanced Access Program for New AI ProductBusinessnewsthisweek•Sep 09, 2026•Relativity Technologies
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Post Consumer Brands Renews and Expands Partnership with Numerator Through 2029GlobeNewswire•Sep 08, 2026•Numerator, Post Holdings
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Datasite Partners with Rogo to Enable Secure AI Access to M&A Data RoomsGlobeNewswire•Sep 08, 2026•Datasite, Rogo
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Avetta Partners with Epigroup, Unimarket and Wakata to Strengthen Work Readiness Across Supply ChainsBusiness Wire•Sep 08, 2026•EPI Group, Avetta
