15 Top Venture Capital Firms Investing in Enterprise Software

If you're a founder in the Enterprise Software or B2B SaaS space, knowing which investors focus on your industry is a major advantage when you're preparing to fundraise.

To help you identify the right partners, our team has curated this guide to some of the most active technology venture capital firms in enterprise tech. It’s designed to give you a clear overview of relevant investors, whether you're a seed stage startup or looking for later-stage rounds.

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

Whether you're an early-stage company or preparing for an exit, connecting with the right investors is crucial. We've organized this list by funding stage to help you identify the right firms for your company.

Pre-seed and Seed VC Firms in Enterprise Software

Pre-seed and seed rounds are the earliest stages of funding, typically used to develop a minimum viable product and establish initial market fit. Some active seed venture capital firms for founders at this stage include Work-Bench, which focuses on enterprise startups in NYC, Race Capital, an early-stage fund for infrastructure companies, and Crosslink Capital.

Early Stage VC Firms in Enterprise Software

Early-stage funding, which includes Series A and Series B rounds, helps startups scale their operations, grow their team, and expand their customer base. Among the many early-stage venture capital firms, you might consider Tola Capital for its focus on enterprise software or Glasswing Ventures, which backs companies using AI and frontier technology.

Late Stage VC Firms in Enterprise Software

Late-stage rounds provide significant capital for mature companies to accelerate growth, enter new markets, or prepare for an exit like an acquisition or an IPO. Technology venture capital firms that are active in this area include Sands Capital, which invests from Series A through public listing, and Salesforce Ventures, the corporate venture arm of Salesforce.

Keep in mind that some VC firms invest across all startup funding stages, from seed to exit.

Below, we take a closer look at top VC firms focusing on the enterprise software sector, including key details about their investment stages, geographic preferences, and what makes each a notable option for founders.

1. Reach Capital

Reach Capital supports entrepreneurs developing technology for challenges in education, from early childhood through the future of work. While known for its EdTech focus, the firm also invests in enterprise software and financial services.

The firm invests across seed, early, and late stages, positioning itself as a potential long-term partner for growing companies. Its portfolio features notable unicorns like Handshake and Replit, alongside major exits including Nearpod and Epic!, signaling a strong ability to back successful ventures.

Reach Capital is a compelling choice for founders building solutions in the education or future-of-work sectors. Their multi-stage approach makes them a good fit for companies seeking a partner to support them through their entire growth journey.

• Investment stages: Seed, early-stage, and late-stage venture
• Industries of focus: EdTech, Enterprise Software, Financial Services, Consumer Software
• Geographical presence: San Francisco, California
• Founded: 2015
• Notable portfolio companies: Handshake, ClassDojo, Replit
• Portfolio size: Over 140 investments with more than 20 exits

You can refer to their website here.

2. Tola Capital

Tola Capital is a venture capital firm that invests globally in enterprise software companies, primarily at the early stages. They focus on partnering with founders who are building the next generation of B2B technology infrastructure.

The firm has a clear focus on data-centric enterprise software, with a portfolio that includes several unicorns like OneTrust and Glia. They also have a strong track record of exits, including Clipchamp's acquisition by Microsoft.

If you are a founder building a company in the enterprise software or cloud infrastructure space, Tola Capital could be a strong partner. Their investment thesis is built around supporting companies with durable growth models from the early stages onward.

• Investment stages: Seed, early-stage, and late-stage venture
• Industries of focus: Enterprise Software, Cloud Security, Developer Tools, Financial Services
• Geographical presence: Seattle, Washington
• Founded: 2010
• Notable portfolio companies: OneTrust, Glia, Clipchamp, Pulumi
• Portfolio size: Over 75 investments with more than 15 exits

You can refer to their website here.

3. Sands Capital Ventures

Sands Capital is an investment manager that supports businesses in the technology and life sciences sectors. The firm invests across the full company lifecycle, from Series A all the way through to a public listing.

A key feature of Sands Capital is its long-term investment horizon, partnering with companies from early venture rounds to after they go public. Their portfolio includes well-known brands like DoorDash and Slack, demonstrating a track record of backing companies to successful, large-scale outcomes.

This firm is a strong potential partner if you're a founder in the technology or life sciences space seeking a long-term financial partner. Their multi-stage approach is well-suited for companies that anticipate needing capital support from growth stages to a potential IPO.

• Investment stages: Seed, early-stage, late-stage, private equity, and post-IPO
• Industries of focus: Enterprise Software, Biotechnology, Financial Services
• Geographical presence: Arlington, Virginia
• Founded: 1992
• Notable portfolio companies: DoorDash, Slack, Ramp
• Portfolio size: Over 180 investments with more than 40 exits

You can refer to their website here.

4. Salesforce Ventures

Salesforce Ventures is the corporate venture capital arm of Salesforce, investing in enterprise technology companies. Their goal is to back founders who are building new ways for businesses to engage with their customers.

As a corporate venture firm, they offer access to the Salesforce ecosystem, providing unique go-to-market support. Their portfolio includes major enterprise names like HubSpot and MongoDB, showing their ability to back companies to public exits.

This firm is a great option for founders building enterprise SaaS solutions, especially if your product could benefit from the Salesforce ecosystem. Their multi-stage investment approach makes them suitable for companies from seed to pre-IPO.

• Investment stages: Seed, early-stage, late-stage, private equity, and post-IPO
• 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 790 investments with more than 160 exits.

You can refer to their website here.

5. Work-Bench

Work-Bench is a venture capital firm based in New York City that specializes in enterprise software. They primarily invest at the seed stage, backing companies building technology for large corporations.

The firm has a distinct focus on the NYC enterprise tech community and often leads rounds for seed-stage companies. Their portfolio includes several unicorns, such as digital identity company Socure and mental-health benefits platform Spring Health.

Work-Bench is an ideal partner if you're an early-stage founder in the enterprise software space, particularly if you're based in or connected to the New York tech scene. Their focused support is designed for B2B startups.

• Investment stages: Seed, early-stage venture
• Industries of focus: Enterprise Software, B2B, SaaS, Financial Services
• Geographical presence: New York, New York
• Founded: 2013
• Notable portfolio companies: Socure, Spring Health, Dialpad, Cockroach Labs
• Portfolio size: Over 75 investments with 15 exits

You can refer to their website here.

6. Amazon Alexa Fund

The Amazon Alexa Fund is the corporate venture capital arm of Amazon, providing up to $200 million to support innovation in voice technology. The fund backs companies developing new applications for AI, consumer electronics, and related software.

A primary characteristic of the fund is its strategic connection to the broader Amazon ecosystem, offering founders more than just capital. Its portfolio includes major consumer brands like Ring and Ecobee, alongside deep-tech investments, showing an interest in both market-ready products and future-focused technology.

This fund is a compelling option for founders in the voice, AI, or consumer hardware sectors, especially if your product could integrate with Amazon's platform. They invest across multiple stages, making them a potential partner for companies at various points in their growth.

• Investment stages: Seed, early-stage, and late-stage venture
• Industries of focus: Artificial Intelligence (AI), Consumer Electronics, Consumer Software, Enterprise Software, FinTech, Hardware, Internet of Things
• Geographical presence: Seattle, Washington
• Founded: 2015
• Notable portfolio companies: Ring, Ecobee, Greenlight
• Portfolio size: Over 140 investments with more than 20 exits

You can refer to their website here.

7. True Ventures

True Ventures is a venture capital firm based in Palo Alto that focuses on early-stage technology companies. They partner with founders from the initial stages to help build their businesses.

A key characteristic of the firm is its track record of backing iconic brands from their inception, including Peloton, Fitbit, and Ring, which all led to high-profile exits. Their portfolio also includes key enterprise players like HashiCorp, showing their range across both consumer and B2B technology.

True Ventures could be a great partner if you're an early-stage founder with a bold product vision. Their history suggests a strong appetite for companies aiming to create new markets, supported by a multi-stage investment approach.

• 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, HashiCorp
• Portfolio size: Over 740 investments with more than 120 exits

You can refer to their website here.

8. Glasswing Ventures

Glasswing Ventures is an early-stage venture capital firm that invests in startups applying AI and other frontier technologies to enterprise and cybersecurity markets. Based in Boston, they focus on backing founders from the seed stage onward.

The firm’s clear focus is on companies building technically complex solutions for business and security. Their portfolio highlights this, featuring companies like Black Kite, which offers a third-party cyber-risk platform, and Allure Security, which uses AI to combat online fraud.

Glasswing Ventures is a good match for founders with deep technical expertise building AI-first companies. Their early-stage investment strategy makes them a suitable partner for companies needing support from the ground up.

• Investment stages: Seed, early-stage venture
• Industries of focus: Artificial Intelligence (AI), Enterprise Software, Cybersecurity, Quantum Computing
• Geographical presence: Boston, Massachusetts
• Founded: 2016
• Notable portfolio companies: Black Kite, ChaosSearch, Allure Security
• Portfolio size: Over 70 investments with 9 exits

You can refer to their website here.

9. Fin Capital

Fin Capital is an asset management firm that specializes in B2B fintech and enterprise software. Founded in 2018, the firm operates globally from its base in San Francisco.

A key aspect of Fin Capital is its ability to invest across the entire company lifecycle, from seed rounds to private equity. This multi-stage approach is paired with a sharp focus on B2B fintech, demonstrated by investments in major players like Circle and SoFi.

This firm is a strong choice for founders building B2B fintech companies. Their capacity to provide capital from the earliest stages through to public markets makes them a potential long-term partner for ambitious teams.

• Investment stages: Seed, early-stage, late-stage, private equity, debt, and secondary market
• Industries of focus: B2B FinTech, Enterprise Software, SaaS
• Geographical presence: San Francisco, California
• Founded: 2018
• Notable portfolio companies: Circle, Chime, SoFi, SumUp, Unqork
• Portfolio size: Over 130 investments with 10 exits

You can refer to their website here.

10. SineWave Ventures

SineWave Ventures is a venture capital firm that invests in technology companies serving both commercial and public sector clients. They provide capital at both early and late stages, supporting companies throughout their growth journey.

The firm has a distinct focus on enterprise technology with dual-use applications, particularly in security, data, and AI infrastructure. Their portfolio features major successes like the cybersecurity firm SentinelOne and the data platform Databricks, showing a track record of backing companies to public listings and high valuations.

SineWave is a strong potential partner for founders building deep-tech solutions for complex enterprise and government challenges. If your company operates in areas like security or AI and has a clear path to serving both markets, this firm is worth considering.

• Investment stages: Early and 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: Over 40 investments with 5 exits

You can refer to their website here.

11. Crosslink Capital

Crosslink Capital is a venture firm that partners with founders building market-disrupting and category-creating companies. They have a long history of investing, typically entering at the seed or Series A stage.

The firm has a track record of backing companies to major exits, including the IPO of Coupa Software and the acquisition of Postmates by Uber. Their portfolio shows a strong focus on enterprise software and financial services, with notable investments in companies like Chime.

This firm is a strong potential partner for early-stage founders in B2B software or fintech who are aiming to define a new market. Their experience in scaling companies from the ground up could be a significant advantage.

• Investment stages: Seed, early-stage, and 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
• Portfolio size: Over 480 investments with more than 100 exits

You can refer to their website here.

12. Race Capital

Race Capital is an early-stage venture fund that concentrates on infrastructure technology. They partner with founders at the seed stage who are building foundational companies in technically complex fields.

The firm's approach is product-centric, with a clear focus on deep infrastructure for AI, data, and Web3. This is shown by their early backing of companies building core technologies, from data platforms to the hardware that powers AI workloads.

Race Capital is a strong match for founders building the essential tools that other developers and companies rely on. If you are creating a foundational technology platform, their experience in scaling infrastructure businesses could be a significant asset.

• Investment stages: Seed, early-stage venture
• Industries of focus: Infrastructure, Enterprise Software, AI, Blockchain, Web3
• Geographical presence: Palo Alto, California
• Founded: 2019
• Notable portfolio companies: Databricks, a data and AI company valued at about $62 billion; Goodnotes, a digital note-taking app with over 21 million monthly users; and Groq, a maker of specialized AI chips.
• Portfolio size: Over 40 investments

You can refer to their website here.

13. Amino Capital

Amino Capital is a Palo Alto-based venture firm that backs early-stage, data-driven companies. The firm has gained recognition as a top seed investor, with a strong focus on AI and enterprise software.

The firm is distinguished by its portfolio of high-profile unicorns, including Chime, Webflow, and Rippling. This track record demonstrates a clear ability to identify and support companies that achieve significant scale, particularly in fintech and enterprise SaaS.

Amino Capital is a strong fit for founders at the seed or early stages who are building AI-native or enterprise SaaS companies. Their portfolio suggests they are an ideal partner for teams with ambitious, high-growth goals.

• Investment stages: Seed, early-stage venture
• Industries of focus: Artificial Intelligence (AI), Enterprise Software, SaaS, FinTech
• Geographical presence: Palo Alto, California
• Founded: 2012
• Notable portfolio companies: Chime, Webflow, Rippling, Replit, GRAIL
• Portfolio size: Over 160 investments with more than 20 exits.

You can refer to their website here.

14. Construct Capital

Construct Capital invests in founders building technology to improve foundational sectors of the economy, such as manufacturing and logistics. They concentrate on early-stage companies, typically providing seed and Series A funding.

The firm’s clear focus is on modernizing core industries, with a portfolio centered on industrial automation and supply chain management. Their investments include the logistics platform Veho, which reached a $1 billion valuation, and Hadrian, a company building automated factories for the space and defense industries.

Construct Capital is a strong match for founders at the seed or early stages whose companies create software or hardware for legacy industries. If you are building technology for manufacturing, logistics, or supply chains, they could be a relevant partner.

• Investment stages: Seed, early-stage venture
• Industries of focus: Industrial Automation, Supply Chain Management, Enterprise Software
• Geographical presence: Washington, D.C.
• Founded: 2020
• Notable portfolio companies: Veho, Hadrian, Copia
• Portfolio size: Over 40 investments

You can refer to their website here.

15. Cisco

Cisco's corporate venture arm invests in technology companies that align with its core business in networking, hardware, and enterprise software. As the investment division of a major tech corporation, it provides both capital and strategic value to its portfolio companies.

A defining feature is its recent commitment to artificial intelligence, highlighted by a $1 billion AI investment fund launched in 2024. This fund has already backed prominent AI unicorns like Cohere, Mistral AI, and Scale AI, signaling a clear focus on foundational AI infrastructure and enterprise-grade applications.

Cisco is an excellent strategic partner for founders building enterprise AI platforms, particularly in data infrastructure and large language models. The potential for integration with Cisco's ecosystem offers a significant advantage for companies looking to scale within the enterprise market.

• Investment stages: Early-stage, late-stage, and strategic investments
• 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 220 investments with more than 100 exits

You can refer to their website here.

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

This list shows that the investment community for enterprise software is both deep and varied. For founders, this is good news. You'll find firms that focus specifically on early-stage companies, as well as multi-stage investors prepared to offer support from seed funding through to a public offering. This balance means that capital is available whether you are just starting out or are ready to scale significantly.

Geographically, investors are concentrated in major US tech hubs like the Bay Area and New York, but there are strong firms in other cities as well. You also have a choice between traditional venture funds and corporate partners like Cisco or Salesforce, which can provide strategic industry connections. The key is to identify which type of partner best aligns with your company's needs and long-term vision.

Raise Confidently with Rho

Having a focused list of relevant investors is a major advantage. It helps you direct your time and energy where it matters most during a fundraise.

Once you've secured your funding, the next step is managing it well. Rho can help you set up your financial stack in minutes.

We provide the tools you need to manage your new capital with confidence. Our platform combines business banking, corporate cards, and automated bill pay for startups.

FAQs about Venture Capital Firms Focused on Enterprise Software

Which US cities are major hubs for technology VC firms?

While Silicon Valley remains a key center, other major hubs for technology venture capital firms include New York City, Boston, and Seattle. Each city has a strong community of investors focused on different sectors, including enterprise software.

Are there leading venture capital firms for enterprise software in Europe?

Yes, Europe has a growing number of venture capital firms focused on enterprise software, with major hubs in London, Berlin, and Paris. Firms like Index Ventures and Accel have a significant presence and actively invest in B2B technology companies.

What do seed stage VC firms look for in an enterprise software startup?

Seed stage VC firms typically focus on the founding team's expertise, a clear problem you're solving for a specific market, and early evidence of product-market fit. A working prototype or initial customer feedback can be very persuasive.

What is the typical investment size for a Series A venture capital firm?

Series A rounds for enterprise software companies in the US typically range from $5 million to $20 million. The exact amount depends on your company's traction, market size, and the capital needed to reach your next major milestones.

How can I manage my finances after a successful fundraise?

After securing funding, it's important to have a solid financial stack. Our platform combines banking, corporate cards, and automated payments to help you manage your capital effectively. You can get started with Rho today.