Top 10 Growth Equity Firms Powering SaaS and Vertical Software Leaders in 2025

Top 10 Growth Equity Firms in SaaS & Vertical Software

Top 10 Growth Equity Firms in SaaS & Vertical Software
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SaaS and vertical software now power the core operations of most industries, and growth equity firms play a major role in scaling the next generation of category leaders. The best investors bring more than capital. They help teams sharpen go-to market execution, recruit executives, and use M&A to expand product breadth and market reach.

Want full profiles, portfolios, funding history, stage focus, check sizes, and vertical SaaS heatmaps for leading software investors? Book a Dakota Demo here!

How We Selected the Top SaaS and Vertical Software Growth Equity Firms

Rankings are based on:

  • Depth of SaaS specialization (not generalist tech coverage)

  • Repeat scaling outcomes across cycles

  • Operational value add (GTM, talent, pricing, M&A support)

  • Category leadership in vertical and mission critical software

  • Ability to lead or anchor rounds

  • Founder reputation and partnership track record

  • Verified data sourced from Dakota Private Markets’ global GP intelligence ecosystem

Top 10 Growth Equity Firms in SaaS and Vertical Software

1. Insight Partners

Focus Areas: Software growth, scale stage SaaS, GTM acceleration, operational support
Why They’re Notable: One of the most prolific software growth platforms, known for helping companies scale go to market and hiring with a deep operator bench.

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2. JMI Equity

Focus Areas: Growth investments in software and AI, flexible structures (minority or majority)
Why They’re Notable: A long tenured software specialist with a repeatable playbook for scaling recurring revenue businesses.

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3. Summit Partners

Focus Areas: Growth stage category leaders, software and tech enabled, minority or majority
Why They’re Notable: Deep pattern recognition in software and a long track record supporting profitable scaling.

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4. Accel KKR

Focus Areas: Mid market enterprise software, buyouts and growth, carve outs, global scaling
Why They’re Notable: Combines software specialization with operational resources, often partnering on margin expansion and international growth.

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5. Technology Crossover Ventures (TCV)

Focus Areas: Late stage growth for category defining technology companies, global expansion
Why They’re Notable: A leading growth platform with a long history backing software leaders through major scale milestones.

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6. General Atlantic

Focus Areas: Global growth equity, software, long term scaling support
Why They’re Notable: Brings global reach and strategic support for international expansion and operating model maturity.

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7. TA Associates

Focus Areas: Growth buyouts and growth equity, profitable software, strategic add on M&A
Why They’re Notable: Disciplined investor known for scaling durable software platforms and supporting both growth and liquidity needs.

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8. Hg Capital

Focus Areas: Enterprise software, mission critical workflows, compliance and regulatory platforms
Why They’re Notable: Specialist in high retention B2B software with a strong record building long duration platforms.

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9. Silversmith Capital Partners

Focus Areas: Founder aligned growth in SaaS, information services, healthcare IT
Why They’re Notable: Known for partnering with efficient growth companies and supporting scaling while staying aligned with founder priorities.

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10. Frontier Growth

Focus Areas: Vertical SaaS, emerging category leaders, earlier growth stage ARR scaling
Why They’re Notable: A vertical SaaS specialist with hands on support for go to market execution and scaling systems.

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SaaS and Vertical Software Growth Equity Trends to Watch in 2025

  1. Vertical SaaS keeps winning on workflow depth and switching costs

  2. Efficiency stays central, with retention and payback driving winners

  3. AI shifts from feature to core workflow automation

  4. M&A returns as a major growth lever for product and vertical expansion

  5. Operator platforms matter more, especially recruiting and GTM support

How We Know This

Dakota Private Markets tracks: GP strategies, fund histories, portfolio construction, deal activity, sector tagging and heatmaps, stage focus, check sizes, co-invest networks, and ongoing private company updates.

Ready to explore the full SaaS growth investor landscape? Book a demo of Dakota Marketplace.

Written By: Peter Harris, Investment Research Associate

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