B2B SaaS

Includes: API Management & Integration, Accounting Software, Analytics & Business Intelligence, Asset Management Software, Audit & Compliance Software, Benefits Administration, Business Process Management, CRM & Sales Software, Collaboration & Productivity, Content Management Systems, Customer Data Platforms, Customer Success Platforms, Data Integration & ETL, Data Warehousing & Lakes, Document Management, Enterprise Resource Planning, Event Management Software, Expense Management, Field Service Management, Financial Close Software, Financial Planning & Analysis, Fleet Management, Governance Risk & Compliance, HR & Human Capital Management, IT Asset Management, IT Service Management, Inventory Management, Knowledge Management, Learning Management Systems, Marketing Automation, Order Management, Payroll Software, Performance Management (HR), Procurement Software, Project Management, Quality Management, Recruitment & Talent Acquisition, Revenue Management, Sales Enablement, Scheduling & Workforce, Subscription & Billing Management, Supply Chain Management, Tax & Accounting Software, Travel & Expense Management, Vendor Management, Warehouse Management Systems, Workflow Automation, Workforce Analytics

Total Deals
107
Total Deal Value
$50.8B
Research Reports
0
Sector Experts
6

Public Sector Summary

B2B SaaS M&A Snapshot

B2B SaaS is one of the technology sectors tracked in ComCap's M&A intelligence database, with 107 tracked transactions representing $50.8B in aggregate reported value where deal terms were disclosed. Relevant subsectors include API Management & Integration, Accounting Software, Analytics & Business Intelligence, Asset Management Software, and Audit & Compliance Software. 6 ComCap bankers cover it directly. Where deal terms were disclosed, ComCap tracks 2.3x median EV/Revenue across 6 priced deals for this sector.

Transaction Activity

Deals by Year

2026
2025
2024
2023
2022
2021
2020
2019

Deal Type Breakdown

Acquisition84%
Growth investment14%
Merger2%

Valuation Multiples

Median EV/Revenue:2.3x(n=6)

Who buys in B2B SaaS

88%
12%
Strategic (61)Sponsor (8)

61 of 69 classified buyers were strategic, across 82 deals whose buyer type came from a source document rather than a model. 13 could not be classified to either side and are excluded from the split. A further 25 model-inferred deals are excluded.

How buyers pay

Cash76%
Stock22%
Earnout14%
Debt10%
Equity8%
Mixed consideration4%

Share of 49 deals that disclosed a consideration structure. A deal can use more than one, so these do not sum to 100%. 25 model-inferred deals are excluded.

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