15 Top Venture Capital Firms Investing in Enterprise Software

When preparing to raise capital for your enterprise software startup, knowing which investors understand your specific market is crucial. The right partner brings more than just money; they offer expertise relevant to B2B SaaS and technology-focused businesses, which can be vital for your growth.

To help you find a good match, our team at Rho created this overview of top technology venture capital firms. We've highlighted investors active in the enterprise software space, from early-stage to late-stage, to help you quickly identify who to connect with during your fundraise.

Rho provides access to business banking, corporate cards, and bill pay — built for startup teams moving fast.

Key Takeaways

• Securing venture funding provides enterprise software startups with both the capital and the strategic guidance needed for growth.
• Venture capital firms like Reach Capital, Tola Capital, Sands Capital Ventures, and Salesforce Ventures are notable backers of startups in the enterprise software industry.
• For founders who are raising or have just closed a round, Rho helps you manage your new capital with integrated business banking, corporate cards, and bill pay.

Which VC Firms in Enterprise Software Are Right for Your Stage?

Whether you're an early-stage company or preparing for an exit, knowing who to talk to is essential. Below is a quick overview of venture capital firms that invest in enterprise software, broken down by stage.

Pre-seed and Seed VC Firms in Enterprise Software

Pre-seed and seed funding are the earliest forms of capital, typically used to validate an idea and build a minimum viable product. For founders at this stage, seed stage VC firms like New York-based Work-Bench and Bay Area's Race Capital are worth exploring, along with other software investors like Amino Capital.

Early Stage VC Firms in Enterprise Software

Early-stage funding, which includes Series A and Series B rounds, helps startups with proven traction to scale their team and accelerate growth. Among the many US venture capital firms active at this stage, Tola Capital focuses specifically on enterprise software, while True Ventures and Boston-based Glasswing Ventures are also notable investors in early-stage technology startups.

Late Stage VC Firms in Enterprise Software

Late-stage venture capital is for established companies looking to expand into new markets, make acquisitions, or prepare for an exit like an IPO. Technology-focused venture capital firms that operate at this level include Sands Capital and corporate venture arms like Salesforce Ventures, while others like SineWave Ventures invest in both early and late-stage opportunities.

It's also worth noting that many leading venture capital firms invest across multiple stages, from seed to exit.

To help with your fundraising research, we’ve gathered more information on the top VC firms in enterprise software. You’ll find key details on their investment stages, geographic focus, and what makes each firm a strong potential partner.

1. Reach Capital

Based in San Francisco, Reach Capital supports entrepreneurs developing technology for the education market, from early childhood learning to the future of work. The firm invests in companies building solutions to challenges across the learning lifecycle.

Reach Capital invests from seed to late-stage rounds, with a clear focus on EdTech and enterprise software. Their portfolio includes widely adopted platforms like Handshake, ClassDojo, and Replit, indicating a preference for companies with the potential for significant scale and impact.

This firm is a strong potential partner for founders building software for the education or workforce training markets. Once you secure funding, our team at Rho can help you manage and deploy that capital efficiently with integrated business banking, corporate cards, and automated bill pay.

• Investment stages: Seed, Early Stage, and Late Stage Venture
• Industries of focus: EdTech, Enterprise Software, Consumer Software, Financial Services
• Geographical presence: San Francisco, California
• Founded: 2015
• Notable portfolio companies: Handshake, ClassDojo, Replit, Nearpod
• Portfolio size: Over 148 investments

You can refer to their website here.

2. Tola Capital

Based in Seattle, Tola Capital is a venture capital firm that invests in early-stage enterprise software companies around the world. They partner with founders who are building the next generation of software for business.

The firm shows a clear focus on enterprise software, with a portfolio that includes major successes like the data-governance platform OneTrust and customer-service provider Glia. Their track record, which includes an exit to Microsoft with Clipchamp, shows their ability to support companies toward significant outcomes.

Tola Capital is a strong potential partner for founders building enterprise software with global ambitions, particularly in areas like cloud infrastructure and data management. Once you secure a partner like Tola, our team at Rho can help you manage your new capital with integrated business banking, corporate cards, and bill pay.

• Investment stages: Seed, Early Stage, Late Stage Venture
• Industries of focus: Enterprise Software, Cloud Security, Developer Tools, Financial Services
• Geographical presence: Seattle, Washington (invests globally)
• Founded: 2010
• Notable portfolio companies: OneTrust, Glia, Clipchamp, Pulumi, Sitecore
• Portfolio size: 76 investments

You can refer to their website here.

3. Sands Capital Ventures

Based in Arlington, Virginia, Sands Capital is an investment firm that backs businesses in technology and life sciences. They invest across a company's entire lifecycle, from early-stage rounds all the way through to public listings.

The firm's portfolio features major technology brands like Slack and DoorDash, alongside fast-growing fintech company Ramp. This indicates a focus on market-leading companies with the potential for significant scale and high-profile exits.

Sands Capital could be a good partner for founders with ambitious, long-term growth plans who are building category-defining businesses. Once you secure funding, our team at Rho can help you manage and deploy that capital efficiently with integrated business banking, corporate cards, and automated bill pay.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, Post-IPO, Private Equity
• Industries of focus: Biotechnology, Enterprise Software, Financial Services
• Geographical presence: Arlington, Virginia
• Founded: 1992
• Notable portfolio companies: DoorDash, Slack, Ramp, Credo AI
• Portfolio size: 182 investments

You can refer to their website here.

4. Salesforce Ventures

As the corporate venture capital arm of Salesforce, Salesforce Ventures invests in the next generation of enterprise technology. Based in San Francisco, their focus is on companies that are creating new ways for businesses to connect with their customers.

A key characteristic is their ability to invest across a company's entire lifecycle, from seed funding to post-IPO rounds. Their portfolio includes major enterprise software successes like HubSpot and MongoDB, showing a strong record of backing companies to public exits and beyond.

Salesforce Ventures is an ideal partner for founders building enterprise SaaS, especially if your product could align with the Salesforce ecosystem. Once you secure funding, our team at Rho can help you manage and deploy that capital efficiently with integrated business banking, corporate cards, and automated bill pay.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, Post-IPO, Private Equity
• Industries of focus: Enterprise Software, SaaS, Financial Services
• Geographical presence: San Francisco, California
• Founded: 2009
• Notable portfolio companies: HubSpot, MongoDB, Robinhood, ElevenLabs
• Portfolio size: Over 797 investments

You can refer to their website here.

5. Work-Bench

Work-Bench is a New York-based venture capital firm that concentrates on seed-stage enterprise software companies. They provide early backing for founders building the next wave of business technology, right from the heart of the city's tech scene.

The firm maintains a clear focus on B2B and SaaS startups, and their portfolio highlights a history of backing future market leaders. Notable investments include unicorns like the digital identity platform Socure and the mental health benefits provider Spring Health, demonstrating their ability to support companies toward significant growth.

Work-Bench is a strong potential partner for seed-stage founders building enterprise software, particularly those connected to the New York ecosystem. After you secure funding, our team at Rho can help you manage your new capital with integrated business banking, corporate cards, and bill pay.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture
• Industries of focus: B2B, Enterprise Software, SaaS, Financial Services
• Geographical presence: New York, New York
• Founded: 2013
• Notable portfolio companies: Socure, Spring Health, Cockroach Labs, Dialpad, VTS
• Portfolio size: 76 investments

You can refer to their website here.

6. Amazon Alexa Fund

As the corporate venture arm of Amazon, the Alexa Fund provides up to $200 million to support innovation in voice technology. Based in Seattle, the fund is designed to back companies that can advance the capabilities and reach of voice-powered services.

The fund's portfolio shows a strong preference for companies in consumer hardware, AI, and the Internet of Things, with notable investments like Ring and Ecobee. Their backing of fintech Greenlight and deep-tech Osmo also signals an interest in applications that extend beyond the smart home.

The Alexa Fund is a great fit for founders whose products can strategically align with or expand the Amazon ecosystem, especially in voice and AI. If you secure a strategic partner like the Alexa Fund, our team at Rho can help you manage your new capital with integrated business banking, corporate cards, and bill pay.

• Investment stages: Seed, Early Stage, and Late Stage Venture
• Industries of focus: Artificial Intelligence (AI), Consumer Electronics, Enterprise Software, FinTech, Hardware, Internet of Things
• Geographical presence: Seattle, Washington
• Founded: 2015
• Notable portfolio companies: Ring, Ecobee, Greenlight, Pixieray, Osmo
• Portfolio size: Over 141 investments

You can refer to their website here.

7. True Ventures

Based in Palo Alto, True Ventures is a venture capital firm that invests in early-stage technology startups. They provide seed and early-stage funding to companies across a variety of technology sectors, including enterprise software and financial services.

The firm has a strong record of backing companies that become household names, including Peloton, Fitbit, and Ring, leading to major exits. Their portfolio also includes key enterprise software players like HashiCorp, showing their versatility across both consumer and business-focused technology.

True Ventures is a good fit for early-stage founders building technology with broad market appeal, whether in consumer or enterprise. Once you secure a partner like True Ventures, our team at Rho can help you manage your new capital with integrated business banking, corporate cards, and bill pay.

• Investment stages: Seed, Early Stage, and Late Stage Venture
• Industries of focus: Enterprise Software, Financial Services, Impact Investing
• Geographical presence: Palo Alto, California
• Founded: 2005
• Notable portfolio companies: Peloton, Fitbit, Ring, Sweetgreen, HashiCorp
• Portfolio size: Over 740 investments

You can refer to their website here.

8. Glasswing Ventures

Based in Boston, Glasswing Ventures is an early-stage venture capital firm focused on startups applying AI and frontier technology. They primarily back companies building solutions for the enterprise and cybersecurity markets.

The firm has a distinct focus on companies that apply artificial intelligence to business and security challenges. Their portfolio includes companies like Black Kite, a cyber-risk monitoring platform, and Allure Security, which uses AI to stop brand-impersonation scams.

Glasswing Ventures is a strong potential partner for early-stage founders building AI-driven enterprise or security software. After you secure funding, our team at Rho can help you manage your new capital with integrated business banking, corporate cards, and bill pay.

• Investment stages: Seed, Early Stage Venture
• Industries of focus: Artificial Intelligence (AI), Enterprise Software, Security
• Geographical presence: Boston, Massachusetts
• Founded: 2016
• Notable portfolio companies: Black Kite, ChaosSearch, Allure Security, Zylotech
• Portfolio size: 71 investments

You can refer to their website here.

9. Fin Capital

Fin Capital is a San Francisco-based asset management firm that specializes in B2B fintech software. They invest globally in companies that are building the future of financial services.

The firm invests across a company's full lifecycle, from seed rounds to private equity, showing a commitment to long-term partnership. Their portfolio includes major fintech companies like Circle, Chime, and SoFi, which highlights their focus on backing businesses with unicorn potential.

Fin Capital is a great match for founders building B2B fintech software with the potential for significant scale. Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture, Private Equity
• Industries of focus: B2B FinTech, Enterprise Software, SaaS, Financial Services
• Geographical presence: San Francisco, California (invests globally)
• Founded: 2018
• Notable portfolio companies: Circle, Chime, SoFi, SumUp, Unqork
• Portfolio size: 133 investments

You can refer to their website here.

10. SineWave Ventures

Based in Arlington, Virginia, SineWave Ventures invests in technology companies that serve both commercial and public sector markets. The firm provides capital to businesses in their early and late stages of growth.

The firm shows a clear focus on deep technology, particularly in AI, data infrastructure, and cybersecurity. Their portfolio highlights a history of backing companies to significant exits, including the IPO of SentinelOne and the acquisition of Paperspace.

SineWave Ventures is a strong potential partner for founders building technology-intensive businesses, especially those with applications in both commercial and government markets. Their experience across both sectors can provide valuable guidance for companies looking to scale in complex environments.

Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.

• Investment stages: Early Stage Venture, Late Stage Venture
• Industries of focus: Enterprise Software, Information Technology, Infrastructure, Financial Services
• Geographical presence: Arlington, Virginia
• Founded: 2015
• Notable portfolio companies: SentinelOne, Databricks, Evolv Technology, Clarifai
• Portfolio size: 44 investments

You can refer to their website here.

11. Crosslink Capital

Based in Menlo Park, Crosslink Capital is a venture firm that partners with founders creating new market categories. They typically invest from the seed to Series A stages, focusing on companies they believe can become market disruptors.

The firm has a long history of backing companies to major exits, including the IPO of Coupa Software and the acquisition of Postmates by Uber. Their portfolio shows a focus on both enterprise software and high-growth consumer brands like Chime and Pandora.

Crosslink Capital is a good match for early-stage founders building businesses in enterprise software, fintech, or consumer tech with clear paths to market leadership. Once you secure a partner like Crosslink, our team at Rho can help you manage your new capital with integrated business banking, corporate cards, and bill pay.

• Investment stages: Seed, Early Stage Venture, Late Stage Venture
• Industries of focus: Enterprise Software, Financial Services, IT Infrastructure
• Geographical presence: Menlo Park, California
• Founded: 1989
• Notable portfolio companies: Coupa Software, Postmates, Pandora, Chime, Bleacher Report
• Portfolio size: Over 489 investments

You can refer to their website here.

12. Race Capital

Based in Palo Alto, Race Capital is an early-stage venture firm that invests in companies building foundational technology. They provide seed and early-stage funding to founders working on all things infrastructure.

Race Capital centers on infrastructure technology, from data and AI platforms to blockchain and developer tools. Their portfolio signals a product-centric approach, highlighted by their seed investment in Databricks and backing of AI chipmaker Groq.

This firm is a strong match for founders with deep technical expertise who are building for developers or the enterprise. Once you secure a partner like Race Capital, our team at Rho can help you manage your new capital with integrated business banking, corporate cards, and bill pay.

• Investment stages: Seed, Early Stage Venture
• Industries of focus: Infrastructure, Enterprise Software, Blockchain, AI, Financial Services
• Geographical presence: Palo Alto, California
• Founded: 2019
• Notable portfolio companies: Databricks, Goodnotes, Groq, Vectara
• Portfolio size: 44 investments

You can refer to their website here.

13. Amino Capital

Based in Palo Alto, Amino Capital is an early-stage venture firm that invests in data-driven startups. The firm has been recognized on Forbes' Midas Seed List for its success in backing promising companies.

Amino Capital shows a clear focus on AI, machine learning, and enterprise software. Their portfolio features several unicorns, including Chime, Webflow, and Rippling, which points to their ability to support companies toward significant valuations.

This firm is a strong match for early-stage founders building AI-native or data-intensive software. Once you secure funding, our team at Rho can help you manage and deploy that capital efficiently with integrated business banking, corporate cards, and automated bill pay.

• Investment stages: Seed, Early Stage Venture
• Industries of focus: Artificial Intelligence (AI), Enterprise Software, Generative AI, SaaS
• Geographical presence: Palo Alto, California
• Founded: 2012
• Notable portfolio companies: Chime, Webflow, Rippling, Replit, GRAIL
• Portfolio size: Over 164 investments

You can refer to their website here.

14. Construct Capital

Based in Washington, D.C., Construct Capital invests in founders building technology to transform foundational industries. They provide seed and early-stage funding to companies creating software and automation for sectors like supply chain management and industrial automation.

The firm’s portfolio shows a clear focus on businesses that modernize core economic pillars, with notable investments in logistics unicorn Veho and automated factory builder Hadrian. Their track record also includes successful exits, signaling their ability to support companies toward acquisition outcomes.

Construct Capital is a strong match for founders building technology for traditionally non-digital industries. Once you secure funding, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.

• Investment stages: Seed, Early Stage Venture
• Industries of focus: Enterprise Software, Industrial Automation, Supply Chain Management
• Geographical presence: Washington, D.C.
• Founded: 2020
• Notable portfolio companies: Veho, Hadrian, Copia
• Portfolio size: 42 investments

You can refer to their website here.

15. Cisco

As the corporate venture arm of the networking giant Cisco, Cisco Investments backs technology companies that align with its strategic goals. The firm operates from its headquarters in San Jose, California, and invests in businesses shaping the future of enterprise technology.

A defining feature is the firm's recent commitment to artificial intelligence, highlighted by its $1 billion AI fund launched in 2024. Their portfolio includes leading AI unicorns like Cohere, Mistral AI, and Scale AI, signaling a strong focus on enterprise-grade AI infrastructure and applications.

Cisco Investments is an ideal partner for founders of established AI companies, particularly those developing foundational models or data platforms. A strategic investment from Cisco can offer more than capital, providing a path to integration with a global technology leader.

Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.

• Investment stages: Early Stage Venture, Late Stage Venture
• Industries of focus: Artificial Intelligence (AI), Enterprise Software, Communications Infrastructure, Hardware
• Geographical presence: San Jose, California
• Founded: 1984
• Notable portfolio companies: Cohere, Mistral AI, Scale AI, Anthropic, VMware
• Portfolio size: Over 229 investments

You can refer to their website here.

What This Tells Us About The VC Scene for Enterprise Software Companies

The venture capital interest in enterprise software appears well-balanced across different stages. Our list shows a healthy mix of firms that focus on early-stage rounds and others that invest from seed through to exit. This suggests that whether you are just starting out or scaling for growth, there are potential funding partners available.

Geographically, investors are concentrated in major tech hubs like the Bay Area and New York, but there is also a strong presence in other regions, including Boston and the Washington, D.C. area. The variety of investors, from traditional VCs to corporate funds, gives you different types of partnership opportunities to consider.

The key takeaway is that the funding environment for enterprise software is active and varied. Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.

Raise Confidently with Rho

Fundraising requires focus, and knowing which investors to approach saves valuable time and energy. We created this list to give you a clear starting point for finding the right partners for your company.

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.

Our platform offers integrated business banking, corporate cards, and bill pay, giving you the tools to deploy your new funds efficiently and with full control.

FAQs about Venture Capital Firms Focused on Enterprise Software

Which Bay Area VC firms focus on enterprise software?

The Bay Area is a hub for tech investors. Firms like True Ventures, Race Capital, and Crosslink Capital are active in the enterprise software space, often backing companies from the seed and early stages of their growth.

What are some top New York VC firms for tech startups?

New York has a strong venture community. For enterprise software founders, Work-Bench is a key seed-stage investor. Other firms also actively seek opportunities in the city's growing technology sector, providing capital and local network access.

How do I find early-stage VC firms for my Series A?

Look for firms with a stated focus on Series A and a portfolio of companies in your industry. Our list includes early-stage investors like Tola Capital and Glasswing Ventures, which specialize in enterprise software and AI.

What do late-stage VC firms look for in enterprise software?

Late-stage investors like Sands Capital and SineWave Ventures seek established companies with strong market traction, predictable revenue, and a clear path to an exit. They provide capital for scaling, acquisitions, or preparing for an IPO.

Are corporate venture capital firms a good option?

Yes, corporate VCs like Salesforce Ventures or Cisco Investments can be great partners. They offer capital plus strategic value, such as deep industry knowledge, potential partnerships, and a direct path to a large customer ecosystem.

How can Rho help after I secure venture capital?

Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help you manage and deploy capital efficiently, giving you full control from day one.