Top Down Ventures Announces $25M Founders Fund

Top Down Ventures, a well-known player in the venture capital world, has just announced the first close of its $25 million Founders Fund, targeting early-stage SaaS companies within the Managed Service Provider (MSP) space.

This move is expected to give a solid nudge to startups looking to break into the MSP industry, with the backing of Top Down’s not-so-typical venture studio model.

Not only do they bring in the cash, but they’re also offering a bit of brainpower – operational expertise and a scaling playbook that has a pretty good track record.

The team behind this is no stranger to success, with the General Partners – Chris Day, Joel Abramson, and Mark Scott – having built companies like Fully Managed (now part of TELUS) and IT Glue (snatched up by Kaseya).

They’ve also had their hands in ScalePad, Produce8, and a few other tech players you might’ve heard of, like Backup Radar and Quoter.

So, if you’re a SaaS founder in this sector, it’s like getting advice from people who’ve already done a victory lap or two.

What’s the focus of this fund? Companies generating at least $1 million in annual recurring revenue (ARR), with investments up to $3 million available for Seed or Series A rounds.

Top Down is already eyeing three new investments by the end of Q4, and with a group of Limited Partners (LPs) made up of MSP experts, this fund seems well-positioned to give SaaS companies a leg up.

And let’s be honest, Top Down is doing more than just writing checks.

Their venture studio model means founders will get help with everything from building a solid product to figuring out how to actually sell it.

Basically, they’re offering more than a seat at the table – they’re offering a full meal with a side of advice.