DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Saas Ventures, L.L.C.
Saas Ventures, L.L.C.
Early-stage venture capital backing AI, cybersecurity, and enterprise software founders.
name or self-description says seed
Importance
20
moderate
Active deployment
36
elevated
Emerging
0
low
Completeness
69
high
Freshness
100
high
Research priority
12
low
Identity and regulatory footprint
- Headquarters
- unknown
- Office address
- unknown
- Business phone
- 202-412-4940adviserinfo.sec.gov
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 27, 2026
- Private funds reported
- 9 (5 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $206Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- Pennington Partners & Co., LLC (Partner), D
- business phone
- 202-412-4940adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
3 observed deals
Stated (the firm’s website)
- Sectors
- ai, enterprise software, devtools, cybersecurity, b2b
- Stages
- pre seed, seed, early
- Geography
- israel
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- seed
Observed (from deals on record)
Stage at participation
series a 100%
Stage at first entry
series a 100%
Sectors
unknown 100%
lead rate 0%follow-on rate 0%new logos, 12 months 3
Funds and vehicles
7 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Jack Greco - Akido, LLC | Fund | 2025 form d first sale | Fundraising | unknown | unknown | $8.0M | Oct 29, 2025 |
| SaaS Ventures III, L.P. | Fund | 2024 form d first sale | Early deployment | unknown | unknown | $28.6M | Nov 7, 2024 |
| Saas Growth Opportunities Fund, LP | Opportunity fund | 2023 form d first sale | Active deployment | $18.5M Mar 22, 2024 | 40 | $15.8M of $100M | Jun 8, 2023 |
| Atomizer Xiv, a Series of Atomizer LLC | SPV or co-invest vehicle · ADV: Other Private Fund | 2022 form d first sale | Active deployment | $918,692 Mar 22, 2024 | 27 | $918,692 of $918,692 | Feb 7, 2022 |
| Balto-Saas 1, LLC | Fund · ADV: Other Private Fund | 2021 form d first sale | Mature | $663,332 Mar 22, 2024 | 11 | $695,404 of $695,404 | Aug 23, 2021 |
| SaaS Ventures III-A, L.P. | Feeder or parallel | unknown | Unknown | unknown | unknown | $0 | Nov 7, 2024 |
| SaaS Ventures Israel LP | Fund | unknown | Fundraising | unknown | unknown | $0 | Mar 11, 2026 |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
7 current, 3 departed
Brian Gaister
General partnerGeneral Partner
Jesse Bloom
General partnerGeneral Partner — Growth
Seth Shuldiner
General partnerGeneral Partner
Sian Goldofsky
General partnerGeneral Partner — Israel
Brian Richard Gaister
Managing partnerManaging Partner · since Jan 1, 2016
Collin Gutman
Managing partnerManaging Partner · since Mar 1, 2016
Collin Gutman
Managing partnerManaging Partner
3 departed (kept with end dates)
- Brian Gaister · General Partner · ? to Sep 16, 2026 Inference
- Rodd Jeffrey Macklin · Managing Member · Mar 1, 2016 to Apr 20, 2022 Inference
- Seth David Shuldiner · Partner · Jun 1, 2017 to May 6, 2021 Inference
Investments on record
3 edges, 3 companies, 0 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Made with | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
| Lovable | portfolio listing | unknown | unknown | unknown | unknown | Sep 14, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
| FirmPilot | Series A-1 · Series A | participant | unknown | $22.0M | unknown | Feb 26, 2026 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
13 relationships from shared deals, counted for the whole firm
Khosla Ventures, LLC 1 shared · one timeMamba Growth Management Company LLC 1 shared · one timeDaft Capital Management, LLC 1 shared · one timeAIX Ventures LLC 1 shared · one timeNalanda Capital Pte Ltd. 1 shared · one timePledge Ventures Ltd 1 shared · one timeHummingbird Ventures V US GP LLC 1 shared · one timeMenlo Ventures 1 shared · one timeStoked Capital LLC 1 shared · one timeDeepwork Capital, LLC 1 shared · one time · they led 1Blumberg Capital, L.L.C. 1 shared · one timeThomson Reuters Ventures 1 shared · one timeValor Ventures 1 shared · one time
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
11 dated events
- Sep 16, 2026Lovable no longer listed on Saas Ventures, L.L.C.'s portfolio pageRemoved from portfolio pagePortfolioInferenceLovableVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Brian Gaister (General Partner) no longer on the team page of Saas Ventures, L.L.C.Person leftPeopleInferenceBrian GaisterVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 14, 2026Saas Ventures, L.L.C.: MICRO_VC -> SEED_FUND_MANAGER (name or self-description says seed)Classification changedClassificationInferenceno URL
- Mar 22, 2024Saas Growth Opportunities Fund, LP first reported on Form ADV by Saas Ventures, L.L.C. (Venture Capital Fund), GAV $18,496,877Fund first reported on Form ADVFundsFactSaas Growth Opportunities Fund, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023Atomizer Xiv, a Series of Atomizer LLC first reported on Form ADV by Saas Ventures, L.L.C. (Other Private Fund), GAV $918,692Fund first reported on Form ADVFundsFactAtomizer Xiv, a Series of Atomizer LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Apr 20, 2022Rodd Jeffrey Macklin (Managing Member) no longer on Schedule A of Saas Ventures, L.L.C.
- Apr 20, 2022Balto-Saas 1, LLC first reported on Form ADV by Saas Ventures, L.L.C. (Other Private Fund), GAV $663,331Fund first reported on Form ADVFundsFactBalto-Saas 1, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- May 6, 2021Seth David Shuldiner (Partner) no longer on Schedule A of Saas Ventures, L.L.C.
- Mar 31, 2021Saas Ventures II, L.P. first reported on Form ADV by Saas Ventures, L.L.C. (Venture Capital Fund), GAV $22,115,466Fund first reported on Form ADVFundsFactSaas Ventures II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2019Saas Ventures, L.L.C. first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2019Saas Ventures, L.P. first reported on Form ADV by Saas Ventures, L.L.C. (Venture Capital Fund), GAV $19,656,000Fund first reported on Form ADVFundsFactSaas Ventures, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 14, 2026Seed fund manager (confirmed, 95%, cls-1)name or self-description says seed
- Sep 12, 2026Micro VC (confirmed, 95%, cls-1)venture manager, reported GAV $20.1M across 5 vehicles
Evidence
49 observations from 3 sources