VANCOUVER, BC, Oct. 21,
2024 /PRNewswire/ - Top Down Ventures, the premier
venture capital firm founded by industry visionary Chris Day, has announced the first close of its
US$25M Founders Fund, designed to
fuel early-stage SaaS companies within the Managed Service Provider
(MSP) sector.
Building on its innovative venture studio model, Top Down
empowers MSP software startups with not only capital but also
unparalleled operational expertise and a proven scaling playbook.
The firm's General Partners - Chris
Day, Joel Abramson and
Mark Scott - boast a
remarkable track record in the MSP space, including founding and
scaling companies like Fully Managed (acquired by TELUS), IT Glue
(acquired by Kaseya), N-able (NYSE: NABL), ScalePad, and Produce8.
With prior investments in leading MSP software firms such as Backup
Radar, Quoter, Control Map and most recently Benji Pays.
Focused Expertise in the MSP SaaS Space
"We are thrilled with this milestone, which reflects the
confidence of MSP founders and executives who make up the majority
of our Limited Partners," said Joel
Abramson, Managing Partner at Top Down. "Our deep sector
focus and hands-on approach are already driving momentum as we
anticipate closing three new SaaS investments in Q4."
Top Down's Founders Fund targets high-potential SaaS companies
generating $1M+ in annual recurring revenue (ARR), with Seed or
Series A investments up to $3M. With
a carefully curated network of Limited Partners and Operating
Advisors – including MSP veterans like Dan
Wensley, Janice Siddons and
Ryan Voegeli – the fund is uniquely
positioned to amplify the success of its portfolio companies.
Driving Innovation in a Booming Industry
"We've been at the forefront of several firsts in the MSP
industry, and this fund is the next one," said Mark Scott, Managing Partner at Top Down. "Our
capital, SaaS playbook, and venture studio combined with our global
network, provide an unparalleled force multiplier for SaaS startups
in an industry that's on track to reach $1
trillion by 2030."
Top Down not only offers financial backing but also leverages
its deep operational experience to drive growth for its portfolio
companies. The firm's venture studio model includes expert guidance
in product development, go-to-market strategies, and team building,
ensuring that founders receive both strategic and tactical
support.
To learn more, SaaS founders and LP investors can visit
www.topdown.com and sign up for The Future of
MSP Work, a thought leadership series exploring key trends
and opportunities in the MSP sector.
About Top Down Ventures
Top Down is a leading venture capital firm specializing in
early-stage Software-as-a-Service (SaaS) companies in the Managed
Service Provider (MSP) market. The firm's Founders Fund I focuses
on SaaS companies with $1M+ ARR, offering Seed or Series A
investments of up to $3M. With a
venture studio model that combines operational support and scaling
expertise, Top Down helps MSP software companies realize their full
potential. For more information, visit
www.topdown.com
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SOURCE Top Down Ventures