SaaS Investor Rankings 2026: Software Spend Data
Compare recorded VC and PE portfolios by how many of their products appear in Cledara's software-spend rankings.
8,425 recorded investors and 17,821 tracked portfolio links · spend observations through 2026-10.
The default order counts holdings among the top 100 software products by recorded spend. It reflects Cledara's customer dataset and recorded portfolio relationships; it does not measure investment returns, fund size, ownership value or the entire software market.
Published leaders by top-100 spend holdings
Accel
19
tracked products in the spend top 100
Sequoia Capital
18
tracked products in the spend top 100
Andreessen Horowitz
14
tracked products in the spend top 100
These cards use the full published ranking and stay fixed when the table is searched or sorted.
Explore investor portfolios
Showing 401–500 of 8,425 across all recorded investors. Order: Tracked holdings, descending.
| Position | Investor | Top 100 spend | Top 500 spend | Top 1,000 spend | Tracked holdings | Portfolio source |
|---|---|---|---|---|---|---|
| 401 | InReach Ventures | 0 | 1 | 2 | 6 | Portfolio details6 tracked holdings. Recorded name sample: NetBird, Ballpark, Craft, Clustdoc, Marvel, Dreamdata. View full portfolio source JSON |
| 402 | Stage 2 Capital | 0 | 1 | 2 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Veremark, Versori, QuotaPath, Sendoso, Basis Theory, Terminal49. View full portfolio source JSON |
| 403 | Apax Partners | 0 | 1 | 1 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Epicor, Guesty, Sophos, RealPage, Paycor, Freedom Scientific. View full portfolio source JSON |
| 404 | Emergent Ventures | 0 | 1 | 1 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Sagetap, Factors.ai, Loft, Rocketium, Astra Security, Privado. View full portfolio source JSON |
| 405 | Entrepreneurs First | 0 | 1 | 1 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Vestd, Assuric, Toby, CloudSale, Telescope, Adaface. View full portfolio source JSON |
| 406 | Europa | 0 | 1 | 1 | 6 | Portfolio details6 tracked holdings. Recorded name sample: SAP, Linktree, CrowdStrike, Brandwatch, Avalara, Atlassian. View full portfolio source JSON |
| 407 | German Accelerator | 0 | 1 | 1 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Leapsome, Perdoo, heyData, DueDash, neuroflash, Cyanite. View full portfolio source JSON |
| 408 | JMI Equity | 0 | 1 | 1 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Huntress, HackerRank, Rainfocus, Ignition, ChurnZero, Higher logic vanilla. View full portfolio source JSON |
| 409 | Picus Capital | 0 | 1 | 1 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Valuecase, Codegen, Zavvy, Kalto.la, Personio, Easyship. View full portfolio source JSON |
| 410 | Possible Ventures | 0 | 1 | 1 | 6 | Portfolio details6 tracked holdings. Recorded name sample: AnyDesk, Heyflow, Qatalog, Sizle, Jelly, Pluno. View full portfolio source JSON |
| 411 | Stepstone Group | 0 | 1 | 1 | 6 | Portfolio details6 tracked holdings. Recorded name sample: LookX AI, Mosyle, Black Forest Labs, Regie.ai, Tray.io, Crusoe. View full portfolio source JSON |
| 412 | Viola Ventures | 0 | 1 | 1 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Redis Labs, Outbrain, Addressable, Kalto.la, Codefresh, Blue Onion Labs. View full portfolio source JSON |
| 413 | Brianne Kimmel | 0 | 0 | 3 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Quo, Bubbles, Homerun, BuildShip, Superpeer, Vantage. View full portfolio source JSON |
| 414 | Cisco | 0 | 0 | 3 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Cohere, Webex by Cisco, Loggly, DataRobot, Smartlook, Slido. View full portfolio source JSON |
| 415 | Bonfire Ventures | 0 | 0 | 2 | 6 | Portfolio details6 tracked holdings. Recorded name sample: ZeroTier, TaxJar, Pendo, Abstract, Rainforest QA, JazzHR. View full portfolio source JSON |
| 416 | Capital Factory | 0 | 0 | 2 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Invoiced, CollBox, Pingboard, Stoplight, Wonder Dynamics, DataStax. View full portfolio source JSON |
| 417 | Golden Ventures | 0 | 0 | 2 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Hypercontext, Secoda, Bettermode, Roadmunk, Ideogram, HyperComply. View full portfolio source JSON |
| 418 | Haatch | 0 | 0 | 2 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Happl, Tiller, Avion, Ballpark, Scurri, Trigify.io. View full portfolio source JSON |
| 419 | Liquid2 Ventures | 0 | 0 | 2 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Loops, Browser Use, Attention, Coast, Enable Us, Greenboard. View full portfolio source JSON |
| 420 | Next Coast Ventures | 0 | 0 | 2 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Distribute, Copilot, Sift, Stoplight, VideoPeel, Osano. View full portfolio source JSON |
| 421 | Salica Investments | 0 | 0 | 2 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Semble, Veremark, Red Sift, Redgate, Virtuoso, RevvedUp. View full portfolio source JSON |
| 422 | Underscore VC | 0 | 0 | 2 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Messari, Goldcast, Tettra, Frase, Coda, Pagos. View full portfolio source JSON |
| 423 | AngelPad | 0 | 0 | 1 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Process Street, ScaleGrid, ServerPilot, Buffer, Iterable, Hive. View full portfolio source JSON |
| 424 | Michael Grinich | 0 | 0 | 1 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Resend, Polar, Socket, Knock, Trigger.dev, Lightdash. View full portfolio source JSON |
| 425 | Partech Partners | 0 | 0 | 1 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Maze, Agicap, Brandwatch, Ablefy, EcoVadis, Pennylane. View full portfolio source JSON |
| 426 | Plug and Play | 0 | 0 | 1 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Venly, Jimo, TranscribeMe, Arena.im, Privasee, SoTrender. View full portfolio source JSON |
| 427 | Point72 Ventures | 0 | 0 | 1 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Artificial Societies, Messari, Fauna , Dashworks, Spiffy, Pagos. View full portfolio source JSON |
| 428 | Atlas Venture | 0 | 0 | 0 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Teachable, GoSquared, Patreon, Veracode, DataRobot, FreshBooks. View full portfolio source JSON |
| 429 | BDC Capital | 0 | 0 | 0 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Zenhub, Agility PR Solutions, Paper, Brizo FoodMetrics, Klipfolio, CounterPath. View full portfolio source JSON |
| 430 | Bright Pixel Capital | 0 | 0 | 0 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Ona, FlowFuse, Codacy, Probely, Jscrambler, Bria. View full portfolio source JSON |
| 431 | Day One Ventures | 0 | 0 | 0 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Hofy, Regie.ai, You, highlight.io, Artisan AI, Fig. View full portfolio source JSON |
| 432 | Freestyle Capital | 0 | 0 | 0 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Chatbeat, Giftbit, Scarf, Ease, Patreon, RangeMe. View full portfolio source JSON |
| 433 | High Alpha | 0 | 0 | 0 | 6 | Portfolio details6 tracked holdings. Recorded name sample: When I Work, Visible, TINYPulse, AskElephant, Craft, Kadence. View full portfolio source JSON |
| 434 | ISAI | 0 | 0 | 0 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Axeptio, MerciApp, 360Learning, CodinGame, SnapCall, Upfluence. View full portfolio source JSON |
| 435 | Liquid2 | 0 | 0 | 0 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Reducto, Aviator, Pry, Walnut, Spokn, Munch. View full portfolio source JSON |
| 436 | Marlin Equity Partners | 0 | 0 | 0 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Rydoo, Didomi, Heimdal, Webshipper, SmartSearch, CloudM. View full portfolio source JSON |
| 437 | MassChallenge | 0 | 0 | 0 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Feathery, Heepsy, Loading.io, Pingen, Crashtest Security, Flexify. View full portfolio source JSON |
| 438 | Northstar Ventures | 0 | 0 | 0 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Papertrail, Locofy, Refract, Allegrow, Hicomply, Canddi. View full portfolio source JSON |
| 439 | Paul Forster | 0 | 0 | 0 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Kombo, CultureAI, Screenloop, Qatalog, Juro, Progression. View full portfolio source JSON |
| 440 | Precursor Ventures | 0 | 0 | 0 | 6 | Portfolio details6 tracked holdings. Recorded name sample: GetDor, Spot, Workflowy, Range, Kraftful, Knack. View full portfolio source JSON |
| 441 | SAP.iO | 0 | 0 | 0 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Hasura, Jina AI , Adaface, StorifyMe, ziggeo, Crosschq. View full portfolio source JSON |
| 442 | Team Ignite Ventures | 0 | 0 | 0 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Swif, Happenstance, camelAI , Serra, Dimmo, Sprouts.ai. View full portfolio source JSON |
| 443 | Tiny Capital | 0 | 0 | 0 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Memberstack, Giftbit, BeFunky, Plasmic, Stamped, Dribbble. View full portfolio source JSON |
| 444 | Upekkha | 0 | 0 | 0 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Scalefusion, SignEasy, iFlyChat, Kloudle, SocialPilot, Recooty. View full portfolio source JSON |
| 445 | VentureOut | 0 | 0 | 0 | 6 | Portfolio details6 tracked holdings. Recorded name sample: AMALYZE, Maptiler, Adspert, AddSearch, Centiment, Vizzlo. View full portfolio source JSON |
| 446 | Viking Global Investors | 0 | 0 | 0 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Groove, Talkdesk, Keboola, Cognism, Iterable. View full portfolio source JSON |
| 447 | Zendesk Ventures | 0 | 0 | 0 | 6 | Portfolio details6 tracked holdings. Recorded name sample: Helpjuice.com, Exalate, EZOfficeInventory, Onehub, Olark, Zuper. View full portfolio source JSON |
| 448 | Ontario Teachers' Pension Plan | 3 | 4 | 5 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Anthropic/Claude, DeepL, Grafana Labs, Databricks, Coda. View full portfolio source JSON |
| 449 | Starboard Value | 2 | 3 | 4 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Wix, Autodesk, Salesforce, Splunk, Perkbox. View full portfolio source JSON |
| 450 | WCM Investment Management | 2 | 3 | 4 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Anthropic/Claude, AppLovin, Databricks, Atlassian, PlanetScale. View full portfolio source JSON |
| 451 | Harrison Metal | 2 | 3 | 3 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Mixmax, PagerDuty, Lightstep, CircleCI, TINYPulse. View full portfolio source JSON |
| 452 | Mike Krieger | 2 | 3 | 3 | 5 | Portfolio details5 tracked holdings. Recorded name sample: incident.io, Codegen, mmhmm, Figma, ElevenLabs. View full portfolio source JSON |
| 453 | Owl Rock Capital | 2 | 3 | 3 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Salesloft, Klaviyo, CircleCI, Nylas, Kajabi. View full portfolio source JSON |
| 454 | Rembrandt Venture Partners | 2 | 3 | 3 | 5 | Portfolio details5 tracked holdings. Recorded name sample: PandaDoc, Ortto, Brightback, Pipedrive, Hive. View full portfolio source JSON |
| 455 | Jeff Weiner | 2 | 2 | 4 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Humaans, 1Password, Figma, Warp, Gather. View full portfolio source JSON |
| 456 | Hyde Park Venture Partners | 2 | 2 | 3 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Fixer, G2, Notionsocial, VidGrid, Notion. View full portfolio source JSON |
| 457 | Peter Thiel | 2 | 2 | 3 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Stripe, AdRoll, Spaceship, OpenAI/ChatGPT, Asana. View full portfolio source JSON |
| 458 | Sam Altman | 2 | 2 | 3 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Motion, Marvin, Asana, Warp, Roboflow. View full portfolio source JSON |
| 459 | Goldman Sachs Investment Partners | 2 | 2 | 2 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Carta, Acronis, GitLab, DataStax, Ring. View full portfolio source JSON |
| 460 | Qatar Investment Authority | 2 | 2 | 2 | 5 | Portfolio details5 tracked holdings. Recorded name sample: LookX AI, Anthropic/Claude, Builder.ai, Databricks, Celonis. View full portfolio source JSON |
| 461 | CIBC Innovation Banking | 1 | 4 | 4 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Paddle, Skedda, Ignition, Expensify, Phrase. View full portfolio source JSON |
| 462 | Threshold | 1 | 4 | 4 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Sanity.io, Launch Darkly, Rippling, CircleCI, Freshpaint. View full portfolio source JSON |
| 463 | Two Sigma Ventures | 1 | 3 | 5 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Timescale, SecurityScorecard, GitLab, Flatfile, Rive. View full portfolio source JSON |
| 464 | Craig Winkler | 1 | 3 | 4 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Chaser, Spotlight Reporting, Unleashed, Xero, Ignition. View full portfolio source JSON |
| 465 | Seven Seven Six | 1 | 3 | 4 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Riverside.fm, QuickNode, Linear, BrightLocal, Envoy. View full portfolio source JSON |
| 466 | Coelius Capital | 1 | 3 | 3 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Metaview, Fireflies, Moesif, Dropbox Sign, HelloFax. View full portfolio source JSON |
| 467 | Michael Stoppelman | 1 | 3 | 3 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Better Stack, Okay, Tango, Vercel, Daily. View full portfolio source JSON |
| 468 | Slack | 1 | 3 | 3 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Hopin, 1Password, Hightouch, Lattice, Crossbeam. View full portfolio source JSON |
| 469 | Bank of America | 1 | 2 | 5 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Adobe Commerce, RingCentral, DocuSign, Dropbox Sign, BILL. View full portfolio source JSON |
| 470 | Max Levchin | 1 | 2 | 3 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Gumroad, Clockwise, Unity, Mixpanel, SEED. View full portfolio source JSON |
| 471 | Ashton Kutcher | 1 | 2 | 2 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Nanonets, Grammarly by Superhuman, Square, 1Password, Skype. View full portfolio source JSON |
| 472 | EIC Fund | 1 | 2 | 2 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Vestd, Justinmind, Vaadin, Signaturit, WP Engine. View full portfolio source JSON |
| 473 | Harry Stebbings | 1 | 2 | 2 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Linktree, Ledgy, Kapwing, Linear, Dooly. View full portfolio source JSON |
| 474 | Keith Rabois | 1 | 2 | 2 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Pulley, Udemy, Delphi AI, Mixpanel, HelloFax. View full portfolio source JSON |
| 475 | Ridge Ventures | 1 | 2 | 2 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Recall.ai, Lightyear, Datanyze, Braze, Loop Returns. View full portfolio source JSON |
| 476 | StepStone | 1 | 2 | 2 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Kong, Scribe Mail, v0 by Vercel, Vercel, Scribe. View full portfolio source JSON |
| 477 | Wells Fargo | 1 | 1 | 3 | 5 | Portfolio details5 tracked holdings. Recorded name sample: OpenAI/ChatGPT, MessageMedia, Notarize, Adobe Commerce, RingCentral. View full portfolio source JSON |
| 478 | Adam D’Angelo | 1 | 1 | 2 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Codegen, Pika Art , Asana, Braintrust, Envoy. View full portfolio source JSON |
| 479 | Callaghan Innovation | 1 | 1 | 2 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Optimal Workshop, PageProof, Xero, Timely, Raygun. View full portfolio source JSON |
| 480 | Creator Ventures | 1 | 1 | 2 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Creatify, Sync.so, Browse AI, ElevenLabs, beehiiv. View full portfolio source JSON |
| 481 | Cross Creek | 1 | 1 | 2 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Pendo, Clearbit, Braze, Hubspot, BILL. View full portfolio source JSON |
| 482 | Expa | 1 | 1 | 2 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Metabase, Range, Tiptap, OpenReplay, Zeroheight. View full portfolio source JSON |
| 483 | Intel | 1 | 1 | 2 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Cohere, DocuSign, Cloudera, DataRobot, McAfee. View full portfolio source JSON |
| 484 | Reid Hoffman | 1 | 1 | 2 | 5 | Portfolio details5 tracked holdings. Recorded name sample: OpenAI/ChatGPT, Tome, Mighty, Alchemy, SEED. View full portfolio source JSON |
| 485 | TSVC | 1 | 1 | 2 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Avoma, Zoom, PlayFab, Iterable, Vervoe. View full portfolio source JSON |
| 486 | Vitruvian Partners | 1 | 1 | 2 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Trustpilot, Clockwise, Walkme, Bitdefender, Scrive. View full portfolio source JSON |
| 487 | Anorak Ventures | 1 | 1 | 1 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Scenario, Mermaid Chart, ZeroTier, Restream, JigSpace. View full portfolio source JSON |
| 488 | HOF Capital | 1 | 1 | 1 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Motion, Cassidy, Anakin (YC S21), Writesonic, Hepta. View full portfolio source JSON |
| 489 | HSBC | 1 | 1 | 1 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Tradeshift, OpenAI/ChatGPT, Cloudbees, Yoti, Celonis. View full portfolio source JSON |
| 490 | Koen Bok | 1 | 1 | 1 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Raycast, Dub, Polar, CodeSandbox, Linear. View full portfolio source JSON |
| 491 | Seed Capital | 1 | 1 | 1 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Trustpilot, Dixa, Plytix, Lift Relations, Openli. View full portfolio source JSON |
| 492 | TMT Investments | 1 | 1 | 1 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Remote.it, PandaDoc, Affise, Synder, Wrike. View full portfolio source JSON |
| 493 | Turn/River Capital | 1 | 1 | 1 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Paessler, Sinch Mailgun, Sucuri, Acunetix, Airbrake. View full portfolio source JSON |
| 494 | Zillionize | 1 | 1 | 1 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Paperspace, PersistIQ, Teleport, Sinch Mailgun, Metriport. View full portfolio source JSON |
| 495 | Databricks | 0 | 4 | 5 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Neon, Langsmith by Langchain, LlamaIndex, Perplexity AI, dbt Labs. View full portfolio source JSON |
| 496 | Bain Capital | 0 | 3 | 3 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Rollbar, When I Work, Vonage, Bubbles, Solarwinds. View full portfolio source JSON |
| 497 | Next47 | 0 | 3 | 3 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Metadata.io, Apollo GraphQL, 15Five, Logz.io, Yellowbrick. View full portfolio source JSON |
| 498 | Brighton Park Capital | 0 | 2 | 4 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Storyblok, Coralogix, Glassbox, PortSwigger, RocketReach. View full portfolio source JSON |
| 499 | OpenOcean | 0 | 2 | 4 | 5 | Portfolio details5 tracked holdings. Recorded name sample: Embeddable, Hygraph, Supermetrics, PassFort, Bitrise. View full portfolio source JSON |
| 500 | Triple Point | 0 | 2 | 4 | 5 | Portfolio details5 tracked holdings. Recorded name sample: trumpet, Semble, Veremark, Learnerbly, Ably. View full portfolio source JSON |
How to interpret these rankings
Top 100, 500 and 1,000 columns count distinct recorded portfolio products whose spend rank falls inside that tier for the observed month. Spend rank is based on trailing-12-month software spending in the Cledara customer dataset.
Default ties use top-500 holdings, top-1,000 holdings, total tracked holdings and investor name. Changing the table order changes its displayed positions, not the measured product spend ranks.
Tracked holdings include recorded unranked portfolio companies. Relationships can be incomplete or historical; a company backed by several firms appears in each firm's counts. Link totals are not distinct product totals or evidence of current ownership.
Portfolio name samples and the JSON source links remain usable without JavaScript. CSV and JSON downloads include every matching investor in the chosen order; All data provides the complete default ranking. Narrative summaries use the measured counts; unverified generated investment commentary is excluded from this research page.
Frequently asked questions
Which recorded investors have the most software-spend top-100 holdings?
Accel, Sequoia Capital and Andreessen Horowitz are first in the published ranking by tracked portfolio products in the spend top 100, with ties resolved by the other recorded holding counts and name. This reflects the Cledara customer dataset, rather than investment returns.
How is the investor leaderboard ranked?
The default order counts distinct recorded portfolio products among the top 100 software products by spend rank. Ties use top-500 holdings, top-1,000 holdings, total tracked holdings and name. It is not a combined adoption score or a measure of fund performance.
What does software spend rank measure?
The product's position by trailing-12-month software spending in the Cledara customer dataset. A lower product rank means more recorded spending. The investor columns count portfolio products inside each spend tier.
Are tracked portfolio links the same as distinct software products?
No. A product can be linked to several investors and appear in each firm's counts. Tracked holdings also include recorded unranked companies, and the relationships can be incomplete or historical.
Does this research show investment returns or current ownership?
No. It measures recorded relationships and portfolio-product spend tiers, not fund returns, ownership value or the entire software market. Publication updated 17 October 2026, 07:14 UTC.