15 Top Venture Capital Firms Investing in Enterprise Software

For founders in the enterprise software space, understanding which venture capital firms specialize in your sector is a crucial part of preparing to raise funds. Knowing the right investors—from early-stage to late-stage—means you can focus your efforts on partners who understand your business.

To help with your research, the Rho team has curated this overview of top technology VC firms that invest in enterprise software. Use this guide to quickly identify relevant investors for your startup.

Actively raising? You can now access non-dilutive funding options like venture debt and credit lines through Rho Capital. Rho also 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 the capital needed for product development, team growth, and winning market share.

• Venture capital firms like Reach Capital, Tola Capital, Sands Capital Ventures, and Salesforce Ventures are notable backers in the enterprise software industry, so it is important to know which investors focus on your area.

• Once you have raised a round, Rho helps you manage your new capital with integrated tools for business banking, corporate cards, and bill pay.

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

Whether your company is in its early stages or preparing for an exit, it helps to know which investors to approach. This guide offers a quick overview of enterprise software VC firms and the stages at which they invest.

Pre-seed and Seed VC Firms in Enterprise Software

Pre-seed and seed funding are the earliest forms of institutional capital, designed to help you turn an idea into a viable product and achieve initial market traction. While you pursue equity funding from seed stage VC firms like Work-Bench, Race Capital, and Glasswing Ventures, Rho Capital can also connect you to non-dilutive options like venture debt to extend your runway.

Early Stage VC Firms in Enterprise Software

Early-stage funding, typically covering Series A and B rounds, provides capital for startups with a proven product to scale their team and accelerate growth. After raising from early-stage venture capital firms like True Ventures or Construct Capital, you can use Rho’s integrated tools—including business banking and corporate cards—to manage your new capital.

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. For founders at this point, late stage VC firms such as Sands Capital and SineWave Ventures provide capital for scaling before a public listing or acquisition.

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

Here is a more detailed look at some of the top venture capital firms that invest in enterprise software. We've included key information to help your search, such as their investment stages, geographic focus, and what makes each firm a notable partner for founders.

1. Reach Capital

Based in San Francisco, Reach Capital supports entrepreneurs developing technology solutions for challenges in education, from early childhood through the future of work. While you pursue equity funding from firms like Reach, Rho Capital can also connect you with non-dilutive financing to support your growth.

The firm invests from seed to late-stage rounds, with a clear focus on EdTech and enterprise software. Their portfolio includes high-profile companies like the career network Handshake and the widely used classroom app ClassDojo, signaling a focus on products with massive user adoption potential.

Reach Capital is an ideal partner for founders creating software for education or workforce training. Once you've secured a round, our team at Rho can help you manage that new capital with integrated banking and spending tools.

• 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

• Portfolio size: Over 140 investments

You can refer to their website here.

2. Tola Capital

Based in Seattle, Tola Capital invests globally in enterprise software companies, with a focus on the early stages of growth. While you explore equity partners like Tola, Rho Capital can connect you with non-dilutive funding to help extend your runway.

The firm has a strong track record of backing companies that achieve significant scale, including unicorns like the data-governance platform OneTrust and the customer-service provider Glia. Their portfolio shows a focus on data-centric and cloud-native software, with notable exits like the video platform Clipchamp, which was acquired by Microsoft.

Tola Capital is a great match for founders building enterprise software in sectors like cloud infrastructure, developer tools, and data governance. After you secure funding, our team at Rho can help you manage your new capital with integrated banking and spending tools.

• Investment stages: Seed, Early Stage, Late Stage Venture, and Private Equity

• Industries of focus: Cloud Security, Developer Tools, Enterprise Software, Financial Services

• Geographical presence: Seattle, Washington

• Founded: 2010

• Notable portfolio companies: Clipchamp, OneTrust, Sitecore, Pulumi, Glia

• Portfolio size: 76 investments

You can refer to their website here.

3. Sands Capital Ventures

Based in Arlington, Virginia, Sands Capital is an investment manager that supports technology and life sciences businesses across their entire lifecycle. The firm invests from Series A all the way through to a public listing, acting as a long-term financial partner.

The firm’s portfolio highlights a focus on high-growth leaders, including category-defining companies like DoorDash, Slack, and Ramp. This track record demonstrates their ability to support businesses from growth stages to major exits like IPOs and large acquisitions. While you seek an equity partner like Sands Capital, Rho Capital can connect you with non-dilutive funding to extend your runway.

Sands Capital is a strong fit for founders building enterprise software with ambitions for market leadership and a potential public offering. Their focus on long-term growth makes them a valuable partner for companies planning for the long haul.

• Investment stages: Seed, Early Stage, Late Stage, Private Equity, and Post-IPO

• Industries of focus: Biotechnology, Enterprise Software, Financial Services

• Geographical presence: Arlington, Virginia

• Founded: 1992

• Notable portfolio companies: DoorDash, Slack, Ramp, Credo AI

• Portfolio size: Over 180 investments

You can refer to their website here.

4. Salesforce Ventures

As the corporate venture capital arm of Salesforce, Salesforce Ventures invests in enterprise technology companies that are creating new ways for businesses to connect with their customers. The firm is based in San Francisco and operates globally, backing founders across the software ecosystem.

A key feature of the firm is its connection to the broader Salesforce ecosystem, offering portfolio companies unique access and support. Their investment portfolio includes major public companies like HubSpot and MongoDB, showing a history of backing businesses that become industry standards.

Salesforce Ventures is a good match for founders building enterprise SaaS platforms, particularly those who could benefit from a strategic relationship with Salesforce. While you pursue an equity partner like Salesforce Ventures, Rho Capital can also connect you to non-dilutive options like venture debt to extend your runway.

• Investment stages: Seed, Early Stage, Late Stage, Post-IPO, and Private Equity

• Industries of focus: Enterprise Software, SaaS, Financial Services

• Geographical presence: San Francisco, California

• Founded: 2009

• Notable portfolio companies: HubSpot, MongoDB, Robinhood, Airwallex, ElevenLabs

• Portfolio size: Over 790 investments

You can refer to their website here.

5. Work-Bench

Based in New York City, Work-Bench is a venture capital firm that concentrates on seed-stage investments for enterprise software companies. They provide early backing for startups building the next generation of business technology.

The firm is known for its sharp focus on enterprise software and has backed several high-growth companies that achieved significant scale. Their portfolio includes unicorns like the digital identity platform Socure and the mental health benefits provider Spring Health.

Work-Bench is an excellent partner for founders building B2B or SaaS products who are looking for specialized, early-stage support. While you seek out an equity partner like Work-Bench, our team at Rho can help you access non-dilutive funding to complement your raise.

• Investment stages: Seed, Early Stage, and Late Stage Venture

• Industries of focus: B2B, Enterprise Software, Financial Services, SaaS

• Geographical presence: New York, New York

• Founded: 2013

• Notable portfolio companies: Socure, Spring Health, Dialpad, Cockroach Labs, VTS

• Portfolio size: 76 investments

You can refer to their website here.

6. Amazon Alexa Fund

As Amazon's corporate venture capital arm, the Alexa Fund is dedicated to fueling voice technology innovation from its base in Seattle. The fund invests in companies building the next generation of AI, consumer electronics, and related software.

A key characteristic is its strategic alignment with the Amazon ecosystem, backing companies that can shape the future of ambient computing. Its portfolio includes major consumer brands like Ring and Ecobee, demonstrating a focus on hardware and software with mass-market appeal.

This fund is a strong match for founders in the voice, AI, and IoT spaces who are seeking a strategic partner with deep industry connections. While you pursue equity funding, Rho Capital can also connect you to non-dilutive options like venture debt to extend your runway.

• Investment stages: Seed, Early Stage, and Late Stage Venture

• Industries of focus: Artificial Intelligence (AI), Consumer Electronics, IoT, Voice Technology, Enterprise Software

• Geographical presence: Seattle, Washington

• Founded: 2015

• Notable portfolio companies: Ring, Ecobee, Greenlight, Osmo

• Portfolio size: Over 140 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. Since 2005, the firm has focused on providing foundational capital to companies across a range of technology sectors, including enterprise software and financial services.

The firm is known for backing companies that become household names, including Peloton, Fitbit, and Ring, showing a strong ability to identify high-growth potential early on. Their portfolio also includes major enterprise players like HashiCorp, highlighting their expertise across both consumer and business-focused technology.

True Ventures is a great fit for founders at the earliest stages who are building technology with the potential for massive market adoption. Once you've secured funding from a partner like True Ventures, our team at Rho can help you manage your new capital with integrated banking and spending tools.

• 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, Sweetgreen

• 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 that invests in startups using AI and other advanced technologies to solve problems in the enterprise and cybersecurity markets.

The firm has a clear focus on companies applying artificial intelligence to enterprise and security challenges. Their portfolio includes companies like Black Kite, a leader in supply-chain security, and Allure Security, which uses AI to stop brand-impersonation scams.

Glasswing Ventures is a strong choice for founders building highly technical, AI-driven solutions for business or security use cases. While you pursue an equity partner like Glasswing, Rho Capital can connect you to non-dilutive funding options to extend your runway.

• 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, Basetwo AI

• Portfolio size: 71 investments

You can refer to their website here.

9. Fin Capital

Based in San Francisco, Fin Capital is an asset management firm that invests in B2B fintech software companies. The firm provides capital to founders building the next generation of financial technology on a global scale.

Fin Capital is distinguished by its broad investment mandate, supporting companies from seed rounds through to private equity. Their portfolio features major fintech leaders like Circle, the issuer of USDC, and the popular consumer neobank Chime.

This firm is a strong match for founders in the B2B fintech sector seeking a long-term financial partner that can invest across multiple stages. While you pursue equity funding, Rho Capital can also connect you to non-dilutive options like venture debt to extend your runway.

• Investment stages: Seed, Early Stage, Late Stage, Private Equity, Debt, and more

• Industries of focus: B2B FinTech, Enterprise Software, SaaS, Financial Services

• Geographical presence: San Francisco, California

• 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 operate across both commercial and public sectors. The firm provides capital to businesses from early to late stages.

SineWave has a strong record of backing companies in data, AI, and security, with notable investments in SentinelOne, an AI security provider, and Databricks, a leading data and AI platform. This focus on deep technology is shown by their support for companies through major exits, including IPOs and acquisitions.

This firm is a strong partner for founders building sophisticated software for enterprise, infrastructure, or security, particularly those targeting government and commercial clients. While you pursue equity funding, Rho Capital can also connect you to non-dilutive options like venture debt to extend your runway.

• Investment stages: Early Stage 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: 44 investments

You can refer to their website here.

11. Crosslink Capital

Based in Menlo Park, Crosslink Capital backs founders who are creating new market categories, typically at the seed and Series A stages. The firm has a long history of supporting companies that achieve major exits, including the IPOs of Coupa and Pandora and the acquisitions of Postmates and Bleacher Report.

This track record points to a focus on high-growth businesses with the potential for significant scale, making them a strong partner for teams with long-term growth ambitions. While you pursue an equity partner like Crosslink Capital, our team at Rho can help you access non-dilutive funding to complement your raise.

Crosslink Capital is a good fit for early-stage founders in enterprise software or fintech who are building a product with the potential to define a new market.

• 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, Bleacher Report

• Portfolio size: Over 480 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 foundational infrastructure technology. The firm focuses on providing the initial capital for companies building the core components of the modern tech stack.

The firm is known for its early-stage conviction, demonstrated by its seed investment in Databricks, now a data-and-AI platform with a $62 billion valuation. Their portfolio also includes widely adopted applications like Goodnotes, which serves over 21 million monthly users.

Race Capital is a strong match for founders building deep-tech solutions in areas like AI, data, and cloud infrastructure. While you pursue an equity partner like Race Capital, our team at Rho can help you access non-dilutive funding to complement your raise.

• Investment stages: Seed, Early Stage Venture

• Industries of focus: Infrastructure, Enterprise Software, AI, Web3, FinTech

• 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 and accelerator that invests in data-driven companies. The firm focuses on providing foundational capital to technology startups at the seed and early stages.

Amino Capital has a clear focus on AI and enterprise software, with a portfolio that includes unicorns like Chime, Webflow, and Rippling. The firm's inclusion in Forbes' Midas Seed List signals its success in backing high-growth businesses from the very beginning.

This firm is a strong partner for founders building AI-native or data-intensive platforms in sectors like fintech and enterprise SaaS. While you pursue equity funding from firms like Amino, Rho Capital can also connect you with non-dilutive financing to support your growth.

• 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, GRAIL, Replit

• Portfolio size: 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 modernize foundational sectors of the economy, such as manufacturing and supply chain management.

The firm concentrates on seed and early-stage ventures, backing companies that bring new software and automation to core industries. Their portfolio includes the logistics unicorn Veho and Hadrian, which builds automated factories for the space and defense industries.

Construct Capital is a strong match for founders developing technology for industrial automation, logistics, and other foundational markets. Once you've secured funding, our team at Rho can help you manage your new capital with integrated banking and spending tools.

• 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: 42 investments

You can refer to their website here.

15. Cisco

As the corporate venture capital arm of the global technology leader, Cisco invests in companies from its headquarters in San Jose. The firm backs businesses developing networking hardware, enterprise software, and other key technology products.

Cisco recently launched a $1 billion fund dedicated to AI, backing leaders like Cohere, Mistral AI, and Scale AI. This move signals a clear strategic focus on enterprise-grade AI platforms and data infrastructure.

The firm is an ideal partner for founders of high-growth AI companies seeking a strategic investor with deep industry connections. While you pursue a strategic partner like Cisco, Rho Capital can help you access non-dilutive financing to support your growth.

• Investment stages: Corporate 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 220 investments

You can refer to their website here.

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

The variety of firms on this list shows that the funding environment for enterprise software is healthy and well-balanced. You’ll find investors focused on every stage, from early-stage specialists providing foundational capital to late-stage partners that can support a company through an IPO. This means that no matter your company's maturity, there are potential equity partners available.

While there is a strong concentration of firms in California, notable investors are also based in key hubs like New York, Boston, and the Washington, D.C. area. This gives you options beyond Silicon Valley. The mix of traditional VCs and corporate venture arms also provides different kinds of strategic value to consider as you plan your next steps.

As you prepare to approach these firms, remember that equity isn't your only option. Rho Capital can connect you to non-dilutive funding to strengthen your position. Once you secure a round, our integrated platform—with business banking, corporate cards, and automated bill pay—helps you manage and deploy your new capital efficiently.

Raise Confidently with Rho

Having a focused list of relevant investors is invaluable when your time and energy are limited during a fundraise. If you’re seeking funding, Rho Capital connects you to non-dilutive options like venture debt and credit lines through a fast, guided process.

We help you access financing suited to your business model without giving up equity. Once your capital is secured, our integrated tools—business banking, corporate cards, and automated bill pay—help you manage and deploy funds efficiently.

FAQs about Venture Capital Firms Focused on Enterprise Software

Which US cities are major hubs for enterprise software VC firms?

Beyond Silicon Valley, major hubs like New York City, Boston, and the D.C. area have a strong concentration of enterprise software investors. Each has a unique community and focus, offering founders geographic diversity when seeking capital.

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

Early-stage VCs focus on your team's strength, the size of your target market, and early signs of product-market fit. They want to see a clear vision for how your software solves a significant business problem for your customers.

How do late-stage VC firms evaluate enterprise software companies?

Late-stage investors prioritize proven traction, such as strong revenue growth, low customer churn, and a clear path to profitability. They look for established companies with a defensible market position ready to scale toward an exit like an IPO.

How can I find the right software investors for my startup?

Research firms that invest in your specific industry and stage. While you build your list, Rho Capital can connect you to non-dilutive funding options, giving you more leverage in conversations with potential equity partners.

How can Rho help my startup after fundraising?

Once you secure a round, our integrated platform helps you manage and deploy your new capital efficiently with business banking, corporate cards, and automated payments. Get started with Rho.