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 |