If you are leading a Software as a service (SaaS) startup, you’ll already know that SaaS companies usually focus on delivering centrally located software, licensed on a subscription basis. Also sometimes referred to as ‘on-demand software’ or ‘Web-based/Web-hosted’ software.
SaaS has been the largest and fastest-growing market segment since 2019, with Gartner reporting a 2021 growth forecast of around €98.9 million, up from a 2020 growth forecast of around €88 million. The pandemic has further fuelled the use of on-demand, scalable cloud models to achieve cost efficiency and business continuity. It is providing the push for organizations to rapidly accelerate their digital business transformation plans. This in turn is increasing the consumption of SaaS and other cloud computing solutions like infrastructure as a service (IaaS), platform as a service (PaaS) and desktop as a service (DaaS).
Innovation Nest : This seed/VC fund is also focused on investments in SaaS companies across the whole of Europe, having initially begin only focusing on Poland. It is generally interested in building the companies they invest in from being local entities into global successes. Based in Krakow, Poland Innovation Nest’s investment ranges from €100k up to €1 million and is directed at early to Series A stage companies. While based in Europe, and believing that Europe has a lot to offer, Innovation Nest also believes in the the ‘edge’ of Silicon Valley, and wants to see more incredible European B2B software companies take off by mixing the two. Its portfolio includes Callpage, a call back automation that converts web visits to sales calls and Infraspeak, a facility management software for speeding up registration processes.