How we make this list: we compare pricing pages, product documentation and public user reviews. Ratings come from G2, Capterra or Trustpilot, with the date we checked them.
Key takeaways
- Sequoia, Andreessen Horowitz, and Accel lead B2B software from seed to growth, with portfolios spanning Zoom, Databricks, Slack, and Atlassian.
- Bessemer suits SaaS purists with its cloud investing history, while Insight suits scale-up stage B2B software with large growth checks.
- Lightspeed and General Catalyst suit multi-stage founders, while Battery Ventures suits enterprise and infrastructure software across stages.
- Check sizes vary widely, from under $1 million at seed to over $100 million at growth, so stage fit matters more than fund size alone.
- This guide is investment information only, not investment advice, and past portfolio wins do not guarantee future returns.
Quick comparison
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The best VC funds for B2B software
Starting priceSee website
Free planNo
Sequoia Capital is the benchmark B2B software investor, backing companies from seed to growth with a portfolio that includes Zoom, Dropbox, Snowflake from Series B through its $3.4 billion IPO, ServiceNow, and Stripe. Assets under management are reported between $56 billion and $90 billion across 2026 guides, and deal sizes run from about $500,000 to over $100 million. Sequoia suits founders building category leaders who want a long term partner from early rounds through IPO.
The trade off is selectivity against brand power. Sequoia opens enterprise doors, but it accepts few pitches relative to its inbound flow. Sequoia fits B2B software founders with a large addressable market and a credible path to leadership.
What we like- Seed to growth coverage
- Portfolio includes Zoom, Dropbox, Snowflake, ServiceNow, Stripe
- $56 billion to $90 billion AUM range in 2026 guides
- Deep enterprise network
Watch out for- Highly selective
- Later stage rounds are competitive
- Fund terms are not public
- Smaller checks trail mega-funds at growth
#2
Andreessen Horowitz
Best for: Mega-round B2B software
Visit a16z.com
Starting priceSee website
Free planNo
Andreessen Horowitz, known as a16z, is the largest venture firm by assets in several 2026 guides at $90 billion plus, with a B2B software portfolio that includes Okta, Databricks, where it led a $500 million round at a $43 billion valuation in 2023, Figma, Ramp, and PagerDuty. It invests from seed to growth with deal sizes from about $500,000 to over $100 million, and its AI and infrastructure expertise suits AI native B2B software in 2026. A $15 billion multi-fund raise is reported in one 2026 guide.
The trade off is scale against selectivity. a16z brings unmatched resources and brand, but early stage founders compete for partner attention. Andreessen Horowitz fits B2B software founders raising large rounds, especially in AI and infrastructure.
What we like- Largest AUM among many lists at $90 billion plus
- Portfolio includes Okta, Databricks, Figma, Ramp, PagerDuty
- Seed to growth coverage
- Deep AI and infrastructure expertise
Watch out for- Highly selective
- Mega-round focus can overshadow early stage
- Fund terms are not public
- Portfolio support varies by team
Starting priceSee website
Free planNo
Accel is the Series A B2B SaaS leader, topping one 2026 Series A investor ranking with investments in Slack and Atlassian, plus UiPath through multiple rounds including a $750 million Series F, Vercel, and DocuSign. Assets under management exceed $20 billion in one 2026 guide, with deal sizes from about $1 million to $100 million across stages. Accel suits founders at Series A who want a lead investor with a deep B2B SaaS pattern.
The trade off is Series A strength against later stage breadth. Accel leads early rounds well, but growth rounds usually need additional investors. Accel fits B2B SaaS founders raising Series A with a sharp product wedge.
What we like- Series A leadership at $2 million to $15 million in one guide
- Portfolio includes Slack, Atlassian, UiPath, Vercel, DocuSign
- Multi-region vehicles
- $20 billion plus AUM
Watch out for- Series A focus means later rounds need co-investors
- Highly competitive at Series A
- Fund terms are not public
- Consumer portfolio dilutes B2B focus slightly
Starting priceSee website
Free planNo
Bessemer Venture Partners is the historic SaaS purist, publishing the 10 Laws of Cloud SaaS and backing Twilio, Shopify, and Fivetran, where it led a $565 million Series D at a $5.6 billion valuation in early 2024. Estimated assets exceed $20 billion, and Bessemer invests from Series A through growth across enterprise SaaS, fintech, and infrastructure. Its cloud thesis gives founders a partner that understands SaaS metrics deeply.
The trade off is depth against breadth. Bessemer knows SaaS better than most, but non-SaaS B2B models fit less well. Bessemer fits cloud SaaS founders who want a thesis-driven partner from Series A onward.
What we like- Historic SaaS leader
- Publishes the 10 Laws of Cloud SaaS
- Portfolio includes Twilio, Shopify, Fivetran
- $20 billion plus estimated AUM
- Series A through growth
Watch out for- SaaS focus narrows fit for non-SaaS B2B
- Highly selective
- Fund terms are not public
- Later stage checks trail Insight and Tiger Global
Starting priceSee website
Free planNo
Insight Partners is the scale-up B2B software specialist, described in one guide as the largest dedicated B2B SaaS scale-up investor globally, with assets reported from $80 billion plus to $90 billion plus and checks from $5 million to over $50 million. Its portfolio includes Qualtrics, Monday.com, and Veeam, whose growth rounds Insight led before a $5 billion sale in January 2024. Insight suits founders past product market fit who need growth capital and go-to-market help.
The trade off is scale against early fit. Insight excels at scaling proven B2B software, but pre-revenue founders should look earlier stage. Insight fits B2B software companies ready to scale from Series A through pre-IPO.
What we like- Largest dedicated B2B SaaS scale-up investor in one guide
- $80 billion plus to $90 billion plus AUM range
- Checks from $5 million to $50 million plus
- Portfolio includes Qualtrics, Monday.com, Veeam
Watch out for- Scale-up focus means early stage fit is weaker
- Large checks demand large markets
- Fund terms are not public
- Growth valuations can be demanding
#6
Lightspeed Venture Partners
Best for: Multi-stage enterprise
Visit lsvp.com
Starting priceSee website
Free planNo
Lightspeed Venture Partners is the multi-stage enterprise pick, backing Nutanix, AppDynamics, Rubrik, which it led through Series E to an April 2024 IPO, and MuleSoft. Assets are reported near $25 billion in one guide with a $9 billion raise, and deal sizes run from about $1 million to over $100 million. Lightspeed suits enterprise software founders who want one partner from seed through growth.
The trade off is enterprise depth against consumer fit. Lightspeed knows enterprise buying cycles well, but consumer software fits less. Lightspeed fits B2B enterprise software founders raising across stages.
What we like- Multi-stage from seed to growth
- Portfolio includes Nutanix, AppDynamics, Rubrik, MuleSoft
- $9 billion raise reported
- $25 billion AUM in one guide
- Strong enterprise track record
Watch out for- Enterprise focus narrows consumer fit
- Highly selective
- Fund terms are not public
- Later stage rounds are competitive
Starting priceSee website
Free planNo
General Catalyst is the multi-stage plus growth pick, with a portfolio that includes Stripe, HubSpot, Gusto, where it led a Series E at a $10 billion valuation in August 2024, Ramp, and Samsara. Estimated assets exceed $30 billion, with a $10 billion multi-vehicle raise in progress in one 2026 guide, and deal sizes run from about $1 million to over $100 million. General Catalyst suits founders who want a partner that can follow from seed through growth and beyond.
The trade off is breadth against specialization. General Catalyst covers many sectors well, but pure B2B SaaS founders may prefer Bessemer or Insight for thesis depth. General Catalyst fits B2B software founders who want a long term multi-stage partner.
What we like- Seed to growth coverage
- Portfolio includes Stripe, HubSpot, Gusto, Ramp, Samsara
- $30 billion plus estimated AUM
- $10 billion multi-vehicle raise in progress in one guide
Watch out for- Broad sector focus dilutes pure B2B depth
- Highly selective
- Fund terms are not public
- Growth rounds need strong metrics
Starting priceSee website
Free planNo
Battery Ventures is the enterprise and infrastructure pick, backing Coupa, Gong, and Yotpo through Series F and a SPAC merger, with over $13 billion raised historically and a $3.25 billion Battery Ventures XV fund. It invests from seed to growth and buyout, suiting enterprise software and infrastructure founders who want a partner with both venture and buyout experience. Battery suits teams building durable enterprise software with long sales cycles.
The trade off is range against focus. Battery covers venture through buyout, but seed founders may find purer early stage firms more attentive. Battery fits enterprise and infrastructure software founders across stages.
What we like- Seed to growth plus buyout
- Portfolio includes Coupa, Gong, Yotpo
- $13 billion plus raised historically
- Battery Ventures XV at $3.25 billion
- Strong infrastructure record
Watch out for- Buyout arm complicates pure venture fit
- Highly selective
- Fund terms are not public
- Later stage focus can overshadow seed
How we chose
We compared published 2026 VC rankings and fund guides, recording assets, stages, and notable deals separately, since AUM figures conflict across sources and fund terms are not public. We favored funds with distinct strengths, seed to growth leadership, mega-round scale, Series A leadership, SaaS purism, scale-up growth, multi-stage enterprise, multi-stage plus growth, and enterprise infrastructure, and we listed all prices as See website because funds do not sell subscriptions. We weighed portfolio relevance, stage fit, and check size separately, since no single fund leads on all three.
How to choose a VC fund for B2B software
Start with stage: seed founders should shortlist Sequoia, Andreessen Horowitz, Accel, and Lightspeed, Series A founders should shortlist Accel, Bessemer, and Matrix Partners, and scale-up founders should shortlist Insight and General Catalyst. Next, check pattern matching: review each fund portfolio for companies like yours, since partners invest in what they know. Then confirm check size and ownership targets against your round, since a fund that writes $50 million checks will not lead a $2 million seed. Finally, talk to portfolio founders about partner attention, since brand alone does not build a company. A fund that fits your stage, your model, and your round size will help more than the largest fund on the list.
Frequently asked questions
What is the best VC fund for B2B software overall?
Sequoia suits seed to growth leaders, Accel suits Series A leadership, Bessemer suits SaaS purists, and Insight suits scale-ups, so the best pick depends on stage.
How much do VC funds typically invest in B2B software?
Seed checks can run under $1 million, Series A checks often run $2 million to $15 million, and growth checks can exceed $50 million to $100 million, depending on fund and stage.
Do VC funds publish their prices?
No. Fund terms are negotiated per deal and are not sold as subscriptions, so this guide lists fund pricing as See website.
What do VCs look for in B2B software in 2026?
A sharp customer wedge, defensible AI integration rather than a thin wrapper, signed enterprise pilots, and credible unit economics, according to 2026 fundraising guides.
Is this guide investment advice?
No. This guide is investment information only, and past portfolio wins do not guarantee future returns, so founders and investors should do their own diligence.
Should early stage founders pitch Insight Partners?
Usually no at pre-revenue stage. Insight focuses on scale-up B2B software, while seed and Series A founders should start with Accel, Bessemer, Sequoia, or Lightspeed.
Sources we checked (0)
Is your product missing or out of date?
We review this list regularly. Vendors can request a listing, send updated pricing or ask about featured placement.
Shihab Mia · Founder, Rankite
Shihab has 5+ years in B2B and SaaS SEO. He writes Rankite's software buying guides from pricing pages, documentation and public user reviews. More about Shihab.
Sequoia Capital
Accel
Bessemer Venture Partners
Insight Partners
General Catalyst
Battery Ventures