Two of the Three Last SaaS IPOs Barely Raised Any VC Capital At All
SaaStr
AUGUST 26, 2024
So I wouldn’t call it a trend, at least not yet. More perhaps a coincidence. But it is interesting. There have been only 3 SaaS IPOs since 2021 … a long, dry spell. But 2 out of 3 of them barely raised any venture capital at all. And 1 was basically bootstrapped. #1. Klaviyo, Now at Almost $1B ARR, IPO’d in September 2023. Bootstrapped First 3 Years, Lightly Funded Until Growth Stage.
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