14 Top SaaS Angel Investors You Should Know

Raising capital for your software-as-a-service startup means finding the right partners. For many founders, understanding who the key angel investors are is a critical first step in that process.

Unlike venture capital firms, angel investors typically write checks from their personal funds and can move quickly. They often bring deep operational experience, which can be invaluable for early-stage companies.

To help you prepare for your fundraise, we put together this overview of notable angel investors in the SaaS space. Use it as a starting point for your research to identify the right people for your business.

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Top SaaS Angel Investors By Stage

Most angel investors in the SaaS world get involved at the pre-seed and seed stages. This is where their capital and experience can have a substantial influence on a company’s early growth.

Knowing who these investors are helps you target your outreach and build relationships with the right people for your business.

Pre-seed Angel Investors in SaaS

Pre-seed is the earliest funding stage, often used to validate an idea and build a minimum viable product. Some investors active at this earliest stage include Gaurav Garg and Dick Costolo.

Seed Stage Angel Investors in SaaS

Seed funding helps a startup with initial market entry, product development, and hiring its first team members. For SaaS companies, investors like Alexander Rosen, Kevin Harvey, and Ping Li often participate in seed rounds.

Series A Angel Investors in SaaS

A Series A round is for companies with a proven product and user base, focusing on scaling operations and optimizing the business model. You might find investors such as Matt Murphy, Alex Clayton, and Dick Costolo participating in this stage.

Series B Angel Investors in SaaS

Series B funding is about taking the business to the next level by expanding market reach and scaling the team significantly. Notable investors who participate in Series B rounds for SaaS companies include Jeff Horing, Ryan Sweeney, and John Locke.

Keep in mind that many investors are not limited to a single stage. They may invest across the startup lifecycle, from the earliest ideas to later growth rounds.

Here are more details on some of the most notable angel investors in the SaaS space. You'll find information on their investment stages, sector focus, and what makes each a compelling partner for founders.

1. John Locke

John Locke is a partner at the venture capital firm Accel, where he focuses on investments in cloud infrastructure, fintech, and consumer internet companies.

He often participates in rounds from Seed to Series B, with an investment sweet spot of around $25 million, indicating his involvement in substantial funding rounds. His portfolio includes notable companies like SeatGeek, Sysdig, and Galileo Financial Technologies.

Founders building businesses in his core sectors, especially those preparing for a significant Series A or B round, may find him to be a strong potential partner. His investment history points to a preference for companies poised for major scaling.

• Investment stages: Series A, Series B, Seed
• Industries of focus: Cloud Infrastructure, FinTech, Consumer Internet, SaaS
• Geographical presence: San Francisco Bay Area
• Ideal investment range: $15.0M - $70.0M
• Notable portfolio companies: SeatGeek, Sysdig, Socure, The Zebra

You can find more information about John Locke on his firm's website or LinkedIn.

2. Matt Murphy

Matt Murphy is a partner at Menlo Ventures, where he concentrates on enterprise, SaaS, and AI investments. He is known for backing companies that build foundational software for modern businesses.

He invests across Seed, Series A, and Series B rounds, with a clear interest in developer tools and cloud infrastructure. His portfolio includes high-growth companies like Harness, Envoy, and Zylo.

Founders building enterprise software, particularly those with a technical focus, may find him to be a valuable partner. His involvement in multiple funding stages suggests a capacity to support companies as they scale.

• Investment stages: Series A, Series B, Seed
• Industries of focus: Enterprise, SaaS, AI, Cloud Infrastructure, Developer Tools
• Geographical presence: San Francisco Bay Area
• Ideal investment range: $8.0M - $15.0M
• Notable portfolio companies: Harness, Envoy, Zylo, Semgrep

You can find more information about Matt Murphy on his firm's website or LinkedIn.

3. Kevin Harvey

Kevin Harvey is a founder and general partner at Benchmark, a well-known venture capital firm. He has a history of investing in foundational software companies, with a focus on SaaS, cloud infrastructure, and marketplaces.

He participates in rounds from Seed to Series B, showing a willingness to support companies through multiple growth phases. His portfolio includes major successes like Upwork and Proofpoint, which points to his ability to identify businesses with long-term potential.

Founders building enterprise software, particularly in cloud or SaaS, may find him to be a good match. His track record suggests he is a valuable partner for teams aiming to build category-defining companies.

• Investment stages: Seed, Series A, Series B
• Industries of focus: Cloud Infrastructure, SaaS, Social Commerce, Marketplaces
• Geographical presence: Menlo Park, California
• Ideal investment range: $1.0M - $15.0M
• Notable portfolio companies: Upwork, Proofpoint, Boku, Eucalyptus Systems

You can find more information about Kevin Harvey on his firm's website or LinkedIn.

4. Ryan Sweeney

Ryan Sweeney is a partner at Accel, where he concentrates on investments in cloud infrastructure, fintech, and consumer internet companies. He is known for participating in substantial funding rounds for businesses with high-growth potential.

His investment activity spans from Seed to Series B, with a typical check size around $25 million. His portfolio includes major players like Gopuff and BrowserStack, which signals an interest in companies that can achieve significant scale.

Founders building in the fintech, SaaS, or consumer internet sectors who are preparing for a large Series A or B round may find him to be a good fit. His track record suggests he is a strong partner for teams with ambitions for major market impact.

• Investment stages: Series A, Series B, Seed
• Industries of focus: Cloud Infrastructure, FinTech, SaaS, Consumer Internet, Payments
• Geographical presence: San Francisco, California
• Ideal investment range: $15.0M - $70.0M
• Notable portfolio companies: Gopuff, BrowserStack, Xendit, Misfits Market

You can find more information about Ryan Sweeney on his firm's website or Twitter.

5. Alex Meyer

Alex Meyer is a partner at the venture capital firm Origin Ventures, where he invests in early-stage companies. His work is often centered on the enterprise, SaaS, and consumer internet sectors.

He primarily participates in Seed and Series A rounds, with an investment sweet spot around $3.2 million. This indicates a focus on companies that have established some initial product-market fit and are ready for early institutional capital.

Founders building enterprise applications or marketplaces may find him to be a good match. His focus on the Seed and Series A stages makes him a relevant investor for teams seeking their first major funding rounds.

• Investment stages: Seed, Series A
• Industries of focus: SaaS, Enterprise, Consumer Internet, Marketplaces
• Geographical presence: Chicago, Illinois
• Ideal investment range: $500K - $6.0M
• Notable portfolio companies: Montes8615 GmbH

You can find more information about Alex Meyer on his LinkedIn or firm's website.

6. Alexander Rosen

Alexander Rosen is a co-founder and Managing Director at Ridge Ventures, an early-stage venture capital firm. His background includes roles at Sprout Group and General Atlantic, giving him a long history in venture investing.

He concentrates on Seed and Series A rounds, with an investment sweet spot around $4 million. His portfolio shows a clear interest in enterprise software, particularly in areas like AI, data services, and cloud infrastructure, with investments in companies like SafeGraph and Outlier.

Founders building B2B companies with a strong technical or data-oriented product may find him to be a good fit. He is a relevant contact for teams raising their first institutional rounds of capital.

• Investment stages: Seed, Series A
• Industries of focus: SaaS, Enterprise, Cloud Infrastructure, AI, Data Services, MarketingTech
• Geographical presence: San Francisco, California
• Ideal investment range: $1.0M - $7.0M
• Notable portfolio companies: SafeGraph, Uplift, OfferFit, Outlier

You can find more information about Alexander Rosen on his firm's website or LinkedIn.

7. Steve Abbott

Steve Abbott is a partner at Sapphire Ventures, where he concentrates on investments in sectors including cloud infrastructure, media, and SaaS. He is often involved in later-stage funding, helping companies expand their operations.

He typically participates in Series A and B rounds, with an investment sweet spot around $25 million. His portfolio includes companies like Tonal, which suggests an interest in businesses that combine hardware and software elements.

Founders with established companies in his areas of focus who are preparing for a substantial growth round may find him to be a strong potential partner. His investment history points to a preference for companies ready to scale significantly.

• Investment stages: Series A, Series B
• Industries of focus: Cloud Infrastructure, Media/Content, Entertainment & Sports, Hardware, SaaS, Security
• Geographical presence: Austin, Texas
• Ideal investment range: $10.0M - $100.0M
• Notable portfolio companies: Tonal, Recommind

You can find more information about Steve Abbott on his firm's website or LinkedIn.

8. Dick Costolo

Dick Costolo is a managing partner at 01A and the former CEO of Twitter. He brings significant operational experience to his investments in enterprise, consumer internet, and SaaS companies.

He often participates in Series A and B rounds, backing companies like Linear, BuildOps, and Postscript. His background as a high-profile CEO suggests a focus on supporting founders with scaling challenges and product strategy.

Founders building ambitious SaaS or enterprise companies who are ready for a Series A or B round may find him a valuable partner. His experience is particularly relevant for those looking for guidance on building a large, impactful business.

• Investment stages: Series A, Series B
• Industries of focus: Enterprise, Consumer Internet, SaaS
• Geographical presence: Marin County
• Ideal investment range: $2.0M - $15.0M
• Notable portfolio companies: Linear, BuildOps, Postscript, Render

You can find more information about Dick Costolo on his firm's website or LinkedIn.

9. Michael Dixon

Michael Dixon is a partner at Transform Capital, where he invests in companies primarily within the health and SaaS sectors. He is often involved in later-stage funding rounds, helping established businesses continue their growth.

A key aspect of his investment profile is a focus on health-related technology, with portfolio companies like Nayya and Cleo. He typically participates in Series B rounds, suggesting an interest in companies that have already found product-market fit.

Founders leading health tech or SaaS companies preparing for a Series B round may find him to be a good fit. His smaller check size indicates he is likely a valuable co-investor who can bring sector-specific knowledge to the table.

• Investment stages: Series B
• Industries of focus: Health & Hospital Services, Health IT, Consumer Internet, SaaS
• Geographical presence: San Francisco, California
• Ideal investment range: $10K - $50K
• Notable portfolio companies: Nayya, Cleo, Datavant, Percolate

You can find more information about Michael Dixon on his firm's website or LinkedIn.

10. Gaurav Garg

Gaurav Garg is a founding partner at Wing Venture Capital, where he invests in early-stage, business-focused technology companies. He is known for backing founders who are building new platforms for the modern enterprise.

He invests from the pre-seed stage through Series A, with a clear interest in SaaS, AI, and cybersecurity. His investment in Cohesity from its earliest round highlights his capacity to support companies through massive growth cycles.

Founders building B2B technology, especially in data-heavy or security-focused sectors, may find him to be a strong partner. His involvement across the early stages makes him a relevant investor for teams looking for capital and guidance from the ground up.

• Investment stages: Pre-seed, Seed, Series A
• Industries of focus: SaaS, Enterprise, Analytics, Cybersecurity, AI
• Geographical presence: San Francisco Bay Area
• Ideal investment range: $100K - $20.0M
• Notable portfolio companies: Cohesity, Findem, GYANT, Theom

You can find more information about Gaurav Garg on his firm's website or LinkedIn.

11. Ping Li

Ping Li is a partner at the venture capital firm Accel, where he focuses on enterprise software, cloud infrastructure, and security. He has a reputation for backing companies that build foundational technologies for modern businesses.

He invests from the seed stage through Series B, with a typical investment size around $25 million, showing his capacity to lead or participate in significant funding rounds. His portfolio includes major successes like Snyk, Klaviyo, and Sysdig, which points to his skill in identifying companies with high-growth potential.

Founders building B2B companies in the enterprise, cloud, or security sectors may find him to be a strong potential partner. His track record suggests he is a valuable investor for teams aiming to build category-defining products.

• Investment stages: Seed, Series A, Series B
• Industries of focus: Enterprise, Cloud Infrastructure, SaaS, Security
• Geographical presence: San Francisco, California
• Ideal investment range: $15.0M - $70.0M
• Notable portfolio companies: Snyk, Klaviyo, Sysdig, Jellyfish

You can find more information about Ping Li on his firm's website or LinkedIn.

12. Scott Sandell

Scott Sandell is a managing general partner at New Enterprise Associates (NEA), a prominent venture capital firm. He has a long track record of investing in companies across a variety of sectors, including enterprise software, health services, and climate technology.

He often participates in Series A and B rounds, with a typical investment size around $25 million, indicating his involvement in substantial growth-stage funding. His portfolio includes companies like VAST Data and Transfix, which shows an interest in businesses building foundational technology and enterprise solutions.

Founders with established companies in the enterprise, health, or energy sectors who are preparing for a significant growth round may find him to be a good match. His investment history suggests a focus on helping companies scale their operations and expand their market reach.

• Investment stages: Series A, Series B
• Industries of focus: Health & Hospital Services, EnergyTech, SaaS, Enterprise, ClimateTech/CleanTech
• Geographical presence: United States
• Ideal investment range: $2.0M - $50.0M
• Notable portfolio companies: VAST Data, Transfix, Inkitt, Orby AI

You can find more information about Scott Sandell on his firm's website or LinkedIn.

13. Jeff Horing

Jeff Horing is a co-founder and managing director at Insight Partners, a global venture capital and private equity firm. He is known for backing high-growth software and internet companies.

His investment activity is marked by a wide range, from $10 million to $350 million, and he often participates in large Series A and B rounds. His portfolio includes major security and infrastructure companies like Island and Abnormal Security, showing an interest in businesses with significant scaling potential.

Founders building enterprise software, particularly in cloud infrastructure, AI, or cybersecurity, may find him to be a good match. His ability to lead substantial rounds makes him a relevant partner for companies preparing for a major growth phase.

• Investment stages: Series A, Series B, Seed
• Industries of focus: Cloud Infrastructure, Generative Tech/AI, SaaS, Enterprise Infrastructure
• Geographical presence: New York, New York
• Ideal investment range: $10.0M - $350.0M
• Notable portfolio companies: Island, Abnormal Security, Aqua Security, Sweep.io

You can find more information about Jeff Horing on his firm's website or LinkedIn.

14. Alex Clayton

Alex Clayton is a general partner at Meritech Capital, where he concentrates on late-stage growth investments. He is often involved in funding rounds for companies that have already established a strong market presence.

His investment activity shows a pattern of backing high-growth B2B software companies, with a focus on Series A and B rounds. Notable companies in his portfolio like Personio, Flock Safety, and Framer indicate an interest in businesses poised for significant scaling.

Founders leading enterprise or SMB software companies, particularly in sectors like cybersecurity and cloud infrastructure, may find him to be a relevant investor. He is a good potential partner for teams raising a substantial growth round to expand their operations.

• Investment stages: Series A, Series B
• Industries of focus: Cloud Infrastructure, SaaS, Enterprise, Cybersecurity, Data Services
• Geographical presence: San Francisco, California
• Ideal investment range: $5.0M - $25.0M
• Notable portfolio companies: Flock Safety, Framer, tray.io, Personio

You can find more information about Alex Clayton on his firm's website or LinkedIn.

What Startup Founders Should Look for in a SaaS Investor

Finding the right SaaS investor goes beyond securing capital. As the investors above illustrate, alignment is crucial. Look for individuals whose industry focus, such as enterprise software or AI, matches your own. Equally important is their preferred investment stage, as this determines if they are the right partner for your company’s current needs.

Beyond their investment thesis, consider an investor's operational experience and network. Many of the most active SaaS investors bring a background that can help you with product strategy and scaling challenges. While many are based in traditional tech hubs, their connections often extend globally.

Finally, pay attention to their typical check size, which can indicate whether they prefer to lead rounds or join as a co-investor. A thoughtful approach to finding investors will help you build a syndicate of partners who believe in your long-term vision and can support you through the next phase of growth.

Raise Confidently with Rho

Fundraising requires significant time and focus, which are always in short supply for a founder. Using a targeted list of investors helps you direct your energy where it will have the most impact.

Once your round is closed, the work of managing that capital begins. If you’ve just raised, Rho can help you set up your financial stack in minutes with business banking, corporate cards, and automated bill pay.

Our platform is built to help you put your new funding to work on growth and operations. This keeps your angel capital from getting tied up in manual financial admin.

FAQs about SaaS Angel Investors

How do I find SaaS angel investors in emerging tech hubs?

Look for local pitch events and accelerator programs in cities like Austin or New York. Many investors are active outside of traditional tech centers and focus on supporting regional startup ecosystems.

Do angel investors fund different types of SaaS models?

Yes, investors support various models, from enterprise B2B to consumer-focused platforms. The key is demonstrating a clear path to revenue and a scalable business model, regardless of the specific funding type you seek.

What is the typical equity stake for a SaaS angel investor?

Angel investors typically take between 10% and 25% equity in a seed round. The exact amount depends on the company's valuation, the investment size, and the investor's level of involvement in the business.

Are there specific angel investors for AI-driven SaaS?

Yes, many investors now specialize in or show a strong preference for AI-driven companies. Founders in this space should highlight their unique technology and market opportunity to attract these specialized investors.

How important is a warm introduction to a SaaS angel investor?

A warm introduction is highly valuable as it provides initial validation and can get your pitch reviewed faster. However, a well-crafted cold outreach that shows product-market fit can also be effective for finding investors.

How can Rho help manage my new angel investment?

Once your round closes, Rho helps you manage your capital effectively. Our platform offers integrated business banking, corporate cards, and expense management, letting you focus on growth. Get started with Rho today.