This study considers operating metrics from 92 public SaaS companies during their developmental period (pre-$100 million in revenue). Key operating metrics for the subject companies were collected through year-end 2016. Data was collected from public companies’ S-1 filings in an effort to assess relative operating metrics at formative stages of development that are comparable to those of our portfolio companies. For example, we analyzed Salesforce’s performance from 2001 to 2003, when the company had less than $100 million of revenue.
<p>River Cities Overview
River Cities first encountered the SaaS model with its EVault investment in 2001. The concept of delivering software as a
hosted, subscription service introduced new possibilities for entrepreneurs, customers and investors. The first wave of SaaS
was typified by horizontal solutions and applications. River Cities benefited from recognizing the value of this model early
and gained a competitive advantage by developing a track record of success and thought leadership at the onset. We have
invested roughly $100M across 16 SaaS portfolio companies and have had six successful liquidity events, including two IPOs.
Today, the Firm is focused on what we consider to be the second wave of the SaaS and tech-enabled business services
model, which is characterized by vertical solutions for niche markets with a services approach.
As a firm, River Cities invests in world-class management teams backing progressive, proven leaders in the markets of
information technology and healthcare. A consistent, cohesive team has honed its strategy over six funds with compelling
performance. River Cities seeks to be a business partner first and a capital provider second, investing significant human
capital to leverage its domain expertise and a network of thought leaders assembled over the last 23 years. With more than
$600M of capital raised and a consistent track record of success, River Cities has established itself as a preferred source of
growth capital. We are actively seeking new investments in the $5 million
- $30 million range, River Cities offers
entrepreneurs the flexibility to raise an appropriate amount of growth capital for the company's respective stage of
Mobile platform for
collecting/sharing information via
Compliance management system
for community banks and credit
Multi-location entreprise brand
Sales team document