SaaS Capital merges with Columbus firm, raises $128M fund for tech startup loans

Two firms that specialize in loans for subscription software startups – with past borrowers including CoverMyMeds and Updox – have merged and raised a new, $128 million fund.

Columbus-based Dreadnought Capital merged last year into Seattle’s SaaS Capital under the SaaS name, the firm said Thursday in announcing the fund. Co-managing directors Rob Belcher, from SaaS, and Dreadnought founder Steve Jaffee, also named two new managing directors.

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Story excerpt provided by Columbus Inno.

Written by Carrie Ghose.

Originally published January 6, 2022.