All the funding deals in the vertical SaaS market
In our updated market reports, you will find everything you need
The vertical SaaS market is attracting strong investor interest across healthcare, legal services, construction, financial services, logistics, education, real estate, and restaurants.
We conducted deep research and collected 35 vertical SaaS funding deals announced between Q1 2024 and Q4 2024.
We refresh this vertical SaaS market page very often to add newly identified deals and improve the available information.
Insights
- The 35 vertical SaaS funding deals raised approximately $2.29 billion in total during 2024, showing that investors continued to support software built for specific industries.
- Clio raised $900 million, representing about 39% of all funding identified in the vertical SaaS market. This single round strongly increased the overall total.
- The legal vertical SaaS market attracted approximately $1.08 billion across six deals. Clio, Harvey, Lawhive, Genie AI, and Hona drove this activity.
- The healthcare vertical SaaS market produced the highest number of deals. Ten healthcare companies raised approximately $533.5 million in total.
- Q4 2024 was the busiest quarter by deal count, with 14 vertical SaaS funding deals. These companies raised approximately $447.9 million.
- Q3 2024 generated the most funding, with approximately $1.21 billion across seven deals. Clio's $900 million round explains most of this amount.
- Construction vertical SaaS companies raised approximately $139.3 million across five deals. The funded products covered permitting, contracts, finance, design, and project workflows.
- AI appeared across many vertical SaaS categories, including healthcare, legal services, construction, logistics, education, real estate, and supply-chain management.
- Twenty-three of the 35 vertical SaaS funding deals were below $50 million. This shows that the market included many focused growth rounds alongside several very large investments.
- Lawhive completed two separate funding rounds in 2024. The legal software company raised $11.9 million in Q2 and another $40 million in Q4.
Summary table of the funding deals for the vertical SaaS market since 2024
We define the vertical SaaS market as software products built around the workflows and operations of one specific industry.
It includes Healthcare SaaS, Legal SaaS, Construction SaaS, Restaurant SaaS, Real Estate SaaS, and Financial Services SaaS.
It excludes broader adjacent markets unless the product is built specifically for this use case.
We focused exclusively on pure players, defined as companies with at least 70–80% of their business directly tied to the vertical SaaS market.
Our analysis has been done at a global level with a minimum funding threshold of $300k.
If you want a longer-term view, we also have a study of how funding activity in the vertical SaaS market has changed over the years.
| Name | What they do | Amount in $ | Quarter | Source(s) |
|---|---|---|---|---|
| Infinant | Provides banking platform software for financial institutions. | $15.0M | Q4 2024 | Infinant |
| boon | Provides AI workflow software for commercial fleets and logistics operators. | $20.5M | Q4 2024 | PRWeb |
| HappyRobot | Provides AI voice agents for logistics operations. | $15.6M | Q4 2024 | PR Newswire |
| Teachy | Provides AI tools for teachers and schools in Latin America and Asia. | $7.0M | Q4 2024 | Business Wire |
| 9fin | Provides AI-powered data and analytics for debt capital markets professionals. | $50.0M | Q4 2024 | 9fin |
| Constrafor | Provides financing and subcontractor-management software for construction companies. | $14.0M | Q4 2024 | PR Newswire |
| OneRail | Provides last-mile delivery and fulfillment management software. | $42.0M | Q4 2024 | OneRail |
| Impilo | Provides remote healthcare access and care delivery workflow software. | $11.5M | Q4 2024 | PR Newswire |
| Genie AI | Provides AI software for drafting and editing legal documents. | $17.8M | Q4 2024 | Genie AI |
| Healthie | Provides healthcare infrastructure software for virtual and ongoing care. | $23.0M | Q4 2024 | PR Newswire |
| Suki | Provides AI assistant and medical documentation software for healthcare providers. | $70.0M | Q4 2024 | MobiHealthNews |
| Document Crunch | Provides AI contract and compliance software for construction projects. | $21.5M | Q4 2024 | Document Crunch |
| Auger | Provides AI supply-chain management software for midsize and large companies. | $100.0M | Q4 2024 | GeekWire |
| Lawhive | Provides AI-powered operating software for small law firms. | $40.0M | Q4 2024 | TechCrunch |
| Brisk Teaching | Provides AI workflow tools for teachers, schools, and districts. | $5.0M | Q3 2024 | PR Newswire |
| finally | Provides finance, accounting, bookkeeping, and HR software for small businesses. | $50.0M | Q3 2024 | Business Wire |
| Trunk Tools | Provides AI agents and document tools for construction workflows. | $20.0M | Q3 2024 | PR Newswire |
| EliseAI | Provides AI leasing and property-management software for housing operators. | $75.0M | Q3 2024 | Business Wire |
| Clio | Provides practice management, payments, and client intake software for law firms. | $900.0M | Q3 2024 | TechCrunch |
| Harvey | Provides AI workflow software for law firms and professional-services companies. | $100.0M | Q3 2024 | Harvey |
| Regard | Analyzes health records to provide clinical insights for medical teams. | $61.0M | Q3 2024 | PR Newswire |
| MagicSchool AI | Provides AI tools for K-12 teachers, schools, and students. | $15.0M | Q2 2024 | Business Wire |
| Hona | Provides client communication and engagement software for law firms. | $9.5M | Q2 2024 | Hona |
| PAXAFE | Provides AI decision-support software for cold-chain logistics operations. | $9.0M | Q2 2024 | PR Newswire |
| Lawhive | Provides AI-powered operating software for small law firms. | $11.9M | Q2 2024 | TechCrunch |
| RFX Solutions | Provides compliance management software for healthcare facilities. | $9.0M | Q2 2024 | Business Wire |
| FundGuard | Provides investment accounting software for asset managers and financial institutions. | $100.0M | Q1 2024 | FundGuard |
| Abridge | Provides generative AI clinical documentation software for healthcare providers. | $150.0M | Q1 2024 | Abridge |
| PermitFlow | Provides construction permitting workflow software for builders and developers. | $30.8M | Q1 2024 | TechCrunch |
| Fabric | Automates administrative and clinical workflows for healthcare organizations. | $60.0M | Q1 2024 | Fabric |
| Higharc | Provides design, sales, and construction software for homebuilders. | $53.0M | Q1 2024 | Higharc |
| Ambience Healthcare | Provides AI documentation, coding, and workflow software for healthcare organizations. | $70.0M | Q1 2024 | PR Newswire |
| Owner.com | Provides ordering, marketing, and customer-management software for independent restaurants. | $33.0M | Q1 2024 | TechCrunch |
| Forta | Provides AI healthcare software that supports access to care and provider workflows. | $55.0M | Q1 2024 | PR Newswire |
| Nabla | Provides an ambient AI assistant that creates clinical notes for healthcare practitioners. | $24.0M | Q1 2024 | Nabla |
Related blog posts
- Which startups are the most valued in the vertical SaaS market?
- How strong is fundraising in the vertical SaaS market right now?
- Which startups have raised the most funding in the vertical SaaS market?
- What are the fundraising trends in the vertical SaaS market?
