SaaStr Fund

Jason Lemkin serves as Managing Director and makes final investment decisions. He co-founded Echosign, which Adobe acquired, and was an early operator at multiple B2B startups before launching the SaaStr media platform and its associated fund. The firm does not operate with a large partnership committee.

The fund draws almost all of its pipeline from the SaaStr community ecosystem — a combination of the SaaStr Annual conference, regional meetups, and an online content platform that reaches roughly 50,000 founders. Many portfolio-company relationships begin informally through community participation years before a formal fundraise.

The fund invests from seed through late-stage venture, with a concentration on companies that have achieved between $1 million and $10 million in annual recurring revenue. Initial check sizes typically range from $500,000 to $3 million, and the firm is comfortable following on in subsequent rounds.

SaaStr Fund is a legally separate venture capital vehicle but is closely integrated with the SaaStr media, content, and events business. The fund leverages the community's brand and sourcing engine, but it operates with its own limited partners and investment mandate distinct from the operating business.

In June 2024, Jason Lemkin announced that SaaStr Fund would wind down new investing activity after deploying its second fund. The decision was driven by a desire to focus full-time on scaling the SaaStr community and conference business rather than raising a third fund (per the firm's official communications, 2024).

The fund invests exclusively in B2B enterprise SaaS. Known portfolio companies span verticals including CRM and sales engagement (Pipedrive, SalesLoft, Outreach), HR and recruiting technology (Greenhouse), and customer experience (Talkdesk). It does not invest in consumer internet, hardware, or non-SaaS enterprise models.

Publicly disclosed portfolio companies include Pipedrive, Greenhouse, SalesLoft, Talkdesk, and Algolia, among others. These companies collectively represent a cross-section of enterprise SaaS across sales, HR, customer experience, and search infrastructure (per public record).