River Cities was early to identify the Software-as-a-Service (“SaaS”) business model as disruptive to legacy enterprise software applications and creating expanded addressable markets. SaaS represents a transformational delivery model for business software and associated data, both of which are hosted in the cloud and accessed via a web browser.
Demand for SaaS is driven by the need for customers to reduce IT-related costs, decrease deployment times and foster innovation. Another popular benefit is that most customers pay a subscription along the way, eliminating hefty upfront software license fees. All in all, the SaaS model extends more flexibility to customers, which is critical in an environment with economic uncertainty, changing workplaces and escalating expectations.
Having built a reputation as a successful SaaS investor and in an effort to more efficiently respond to inquiries from entrepreneurs and other investors, River Cities memorializes its thought leadership by publishing industry whitepapers. These reports have achieved viral distribution, having been accessed by hundreds of companies, investors and service providers in the SaaS arena. Read our most recent SaaS benchmark report here.
Click here for a case study on River Cities portfolio company SciQuest.
Portfolio Companies
Testimonial
The River Cities team brings an excellent external perspective and network to our company. They are a perfect example of the value-added investor, an organization who provides experience, thoughts and assistance when asked but never forced. They offer a dialog based upon candor and integrity, delivered without the extra work, distraction or dissonance that can accompany an external investor.
Testimonial
I found River Cities Capital to be a terrific partner. Of course, they provided financial capital, but what I really appreciated about them was their solid, practical business wisdom. As an experienced start-up operator, I found that the team listened and understood before offering their insights into the issues at hand. I appreciated that they respected my approach and made solid suggestions directed at areas where I could truly use the feedback. River Cities has a unique blend of technological understanding and excellent business acumen.
Testimonial
River Cities has taken the time to thoroughly understand our industry and our competition and their strategies through independent research. This research has been of tremendous value and has positively affected our strategies.
Testimonial
River Cities has been extremely supportive - not only with their investment, but with their coaching on almost every aspect of our business. Put another way, River Cities Capital Funds represents a tremendous resource that comes in a very user-friendly package.
Testimonial
Over the past 30 years I have worked with many venture capital firms and found few true partners. You always hope a VC firm will bring more to the table than just cash but are often disappointed. River Cities combines the quantitative skills to help a CEO fine tune a business model, deep industry expertice and the qualitative artistry to build a synergistic partnership with their portfolio companies.
Testimonial
They invested during an uncertain time for the Company and our country, just months after 9/11. River Cities believed in what we were building, they believed in the management team, and they were willing to take risks, providing sound advice and asking thoughtful, tough questions. I highly recommend the River Cities team.
Testimonial
It is very difficult to discover current and insightful best management practices from other technology companies our size. River Cities is very good about gathering and sharing that information in meaningful ways among their portfolio companies.
Testimonial
River Cities has been a valuable partner to Univa UD. In addition to providing financial and business advice, River Cities has utilized their experience and contacts within our industry to help move our business forward. They have introduced us to key executives at customers, strategic partners and other Industry experts who has proved invaluable to our business. River Cities has also provided us with important strategic and operational input that has aided us in building a leadership position in our fast growing market.
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