2 September 2020 / Spire news

Investing in Mission Critical Business to Business Software as a Service (SaaS)

An interview with EVP founders Howard Leibman and Les Szekely – recording available here

Spire is partnering with EVP for their third fund (a qualifying ESVCLP fund) – Fact Sheet available here

Why BSB SaaS?

Recent events emanating from COVID-19 highlight the resilience of ‘mission critical’ business operating systems (SaaS), due to the essential nature of the operating system to the operations of the business.

The EVP Fund III thesis is to;

  • Identify existing business software in market with existing subscription customers;
  • invest in those businesses (as first institutional investor – typically Series A); and
  • take an active Board position to support their growth plans.