SaaS Capital raises $75m

The US-based investment firm closes third fund at target.

SaaS Capital has held a final close for SaaS Capital Fund III at its $75 million target. The substantially oversubscribed fund, which received support from new and existing investors, will provide $3 million to $30 million of credit facilities to companies based in the US, Canada and the UK.

SaaS Capital Partners II held a final close in February 2015 at $58 million.