Insights

Q3 2023 Enterprise SaaS Report

Link to original article: https://pitchbook.com/news/reports/q3-2023-enterprise-saas-report

Enterprise SaaS funding hits lowest point in five years

Enterprise SaaS venture investment in Q3 was weaker than our analysts expected at $6.6 billion after breaking a streak in declines in Q2 with a positive turn to $9.2 billion. The number of deals made a meaningful drop to 324 after holding steady at around 400 per quarter since Q4 2022.

Our latest Emerging Tech Research explores a new area of interest to investors: composable applications. This modular design allows a company’s product to be packaged as part of a suite of software solutions, a desirable setup for customers.

Table of contents

Vertical update 3
Q3 2023 timeline 5
Enterprise SaaS landscape 6
Enterprise SaaS VC ecosystem market map 7
VC activity 9
Emerging opportunity 18
       Composable applications 19
Select company highlight 21
       Fabric 22
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