SaaSholic, a Brazilian venture capital firm focused on B2B software, has closed its third fund with US$30 million in commitments. The vehicle is three times larger than its previous US$10 million fund and will continue backing early-stage software companies. The new fund also reflects SaaSholic’s growing focus on how artificial intelligence is reshaping software development and business models.
Fund Growth and Investment Strategy
Founded in 2019, SaaSholic has progressively increased the size of its investment vehicles as its portfolio and strategy have developed. The third fund will maintain a concentrated approach to investing in B2B software startups, with capital reserved for both initial investments and subsequent rounds. The firm remains focused primarily on seed-stage opportunities.
Institutional Investors
Spectra has joined the fund as SaaSholic’s first institutional investor, committing US$7 million to the vehicle. Evertec, the publicly listed payments technology company that acquired Sinqia in 2023, has also participated as a limited partner. Their participation broadens SaaSholic’s investor base as the firm scales its venture capital activities.
Focus on AI and Software
Artificial intelligence is becoming an increasingly important part of SaaSholic’s investment thesis. The firm is particularly interested in software businesses that use AI to automate workflows and execute tasks that previously required significant human involvement. This shift toward agentic software is shaping how SaaSholic evaluates emerging B2B technology companies.
International Opportunities
The new fund will also pursue opportunities beyond Brazil, particularly companies with the potential to expand across Latin America and into larger international markets. SaaSholic is looking for software startups capable of building products for global customers while leveraging regional expertise and competitive advantages.
Portfolio and Track Record
SaaSholic’s previous investments include companies such as Conta Simples, Clicksign, Jusbrasil, and Salve. The firm has built its strategy around specialized knowledge of B2B software and close engagement with early-stage founders. The larger third fund provides additional resources to continue backing companies as the software market evolves.
SaaSholic enters its next investment cycle with a larger fund, its first institutional investor, and a strategy increasingly influenced by artificial intelligence. The firm is positioning itself around the transition from conventional software tools toward platforms capable of performing increasingly autonomous work. Its third fund gives SaaSholic greater capacity to pursue that thesis across Brazil and international markets.