Software-as-a-service (SaaS) is one of the hottest areas for venture capital investors with $11.7 billion going to SaaS startups in just 2014 – growth of 70% year over year.
Investor interest in SaaS businesses has no doubt been stimulated by a number of huge exits in last few years. According to CB Insights data, the top 10 VC-backed SaaS exits between 2011 and 2014 garnered a whopping $23.71B in aggregate value at the time of their exit.
The top 10 SaaS exits over the past four years were dominated by IPOs, with Workday’s IPO (valuing the company at $4.49B) leading the way. Veeva Systems was second with one of the most capital efficient VC-backed exits of all-time, having raised just $4M before its $4.4B IPO. Tableau Software also ranked as both one of the top SaaS and capital efficient tech exits, having raised $15M from NEA and having seen its market cap rise to $7.28B after going public at $2 billion.
See the full list of largest SaaS exits below.
For more SaaS financing and exit trends, be sure to get a copy of the SaaS Trends Report by Tibco Analytics.
|Company||Exit Type||Valuation ($M)||Select Investors|
|IPO||4488||Greylock Partners, New Enterprise Associates|
|IPO||4400||Emergence Capital Partners|
|IPO||2600||Sequoia Capital, Greylock Partners, Bessemer Venture Partners|
|IPO||2326||Sequoia Capital, Norwest Venture Partners, Icon Ventures, Juniper Networks|
|IPO||2165||JMI Equity, Sequoia Capital, Greylock Partners|
|IPO||2000||New Enterprise Associates, Meritech Capital Partners|
|IPO||1573||Sevin Rosen Funds, August Capital, JK&B Capital, Ignition Partners|
|M&A||1540||Insight Venture Partners, Accel Partners|
|IPO||1400||Venrock, Oak Investment Partners, US Venture Partners|
|IPO||1225||Insight Venture Partners, Greenspring Associates, Battery Ventures|
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This report was created with data from CB Insights’ emerging technology insights platform, which offers clarity into emerging tech and new business strategies through tools like:
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