SaaS Capital Raises $128M Fourth Fund

SaaS Capital, a Seattle, WA- and Columbus and Cincinnati, OH-based provider of growth debt to software-as-a-service (SaaS) companies, closed its fourth fund at $128m.

This fund is pursuing a highly focused strategy, solely serving growth-stage, private, B2B software companies looking for an alternative to dilutive equity capital.

Founded as a specialty lender in 2007 with nearly 100 SaaS companies funded to date, SaaS Capital has operated private credit funds since 2012. SaaS Capital lends $2M to $20M to B2B SaaS companies with $2M in ARR and up, registered and banked in the US, Canada, or UK. Companies do not need to be venture-backed, nor do they need to be profitable. 

The firm is led by:

  • Rob Belcher, managing director,
  • Stephanie Fortener, managing director, 
  • Randall Lucas, managing director,
  • Rob Belcher, partner,
  • Steve Jaffee, partner.