Top Down Ventures launches fund for SaaS startups

Top Down Ventures has announced a new founders fund to fuel early-stage SaaS startups in the managed service provider (MSP) space. To date, it’s already raised USD $10 million and plans to bring in an additional $15 million in 2025.

According to the firm, the MSP industry will reach $1 trillion by 2030. Some recent observations that signal movement are more private equity being given to these companies and the software that supports them, as well as small-and-medium businesses (SMBs) becoming increasingly reliant due to trends like migrating to the cloud, improving cybersecurity, and becoming AI-ready. MSPs are third-parties that can take on a broad spectrum of outsourced tasks and functions for other businesses.