SaaS Companies Increasing Market Share

With help from Cowboy Crew, Crunch Network contributor Aileen Lee recently posted an updated analysis of “unicorn” companies, or tech companies valued at $1 billion or more, on TechCrunch. The group found that Software as a Service (SaaS) companies had significantly increased their market share since their last analysis.
As quoted in the publication:

SaaS companies (cloud-based software offered often via a ‘freemium’ or monthly model) have grown to 31% of our list (versus 18%), and 20% the value of our list. They are also among the more capital efficient companies on average in our set, raising $267m on average and are at a 18x return on private capital on average (excluding Veeva).

Meanwhile, enterprise software companies have lost “market share” of the group’s list of companies.
Click here to read the full article from TechCrunch.