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Saints Capital

North America, California, United States, San Francisco

Description

Saints Capital is a distinctive merchant venture capital firm based in San Francisco, with an additional office in London, setting it apart in the venture ecosystem. Established with a primary focus on providing liquidity solutions, the firm specializes in secondary transactions, acquiring venture capital and growth equity interests from limited partners, venture capitalists, corporations, and founders. This unique approach allows them to invest in a diverse range of late-stage private companies, primarily across the technology, healthcare, and consumer sectors. Saints Capital has successfully raised over $1.5 billion in capital across eight dedicated funds, demonstrating a consistent ability to attract significant institutional backing for its specialized investment strategy.

The firm's investment thesis revolves around identifying opportunities where existing shareholders or companies seek liquidity, often due to fund life cycles, strategic shifts, or a desire for partial exits. Saints Capital directly invests in private companies, typically those with established products, revenue streams, and a clear path to further growth or exit. Their expertise lies in structuring complex transactions that provide tailored liquidity solutions, whether through direct equity purchases, portfolio acquisitions, or other structured deals. The firm has completed over 100 transactions, showcasing its active role in facilitating liquidity within the private markets.

Saints Capital's typical investment size for direct stakes ranges from $5 million to over $100 million, reflecting their capacity to engage in significant late-stage and growth equity deals. This flexibility allows them to acquire individual company stakes or larger portfolios of venture capital interests. Their long-standing presence and consistent fundraises, including their latest fund, Saints Capital VIII, underscore their position as a key player in the secondary market, offering a vital alternative path for liquidity in the private investment landscape.

Investor Profile

Saints Capital has backed more than 71 startups, with 0 new investments in the last 12 months alone. The firm has led 10 rounds, about 14% of its total and boasts 34 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Debt Financing, Series D rounds (top funding stages).
  • Majority of deals are located in United States, Israel.
  • Strong thematic focus on Health Care, Medical Device, Medical.
  • Typical check size: $5M – $100M.

Stage Focus

  • Series Unknown (30%)
  • Debt Financing (21%)
  • Series D (13%)
  • Series C (8%)
  • Series E (7%)
  • Series B (4%)
  • Series A (4%)
  • Series G (3%)
  • Private Equity (3%)
  • Series H (3%)

Country Focus

  • United States (92%)
  • Israel (8%)

Industry Focus

  • Health Care
  • Medical Device
  • Medical
  • Software
  • Biotechnology
  • Telecommunications
  • Manufacturing
  • Wireless
  • Therapeutics
  • Information Technology
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Saints Capital frequently co-invest with?

Trident Capital
North America, California, United States, Palo Alto
Co-Investments: 2
New Enterprise Associates
North America, California, United States, Menlo Park
Co-Investments: 3
Norwest Venture Partners
North America, California, United States, Palo Alto
Co-Investments: 2
Frazier Healthcare Partners
North America, Washington, United States, Seattle
Co-Investments: 4
Deutsche Telekom Strategic Investments
Asia, Seoul-t'ukpyolsi, South Korea, Seoul
Co-Investments: 2
Menlo Ventures
North America, California, United States, San Francisco
Co-Investments: 3
Adams Street Partners
North America, Illinois, United States, Chicago
Co-Investments: 2
TH
North America, California, United States, San Francisco
Co-Investments: 3
Rustic Canyon Partners
North America, California, United States, Santa Monica
Co-Investments: 3
Medtronic
North America, Minnesota, United States, Minneapolis
Co-Investments: 2

Which angels does Saints Capital often collaborate with?

JS
North America, New York, United States, New York
Shared Deals: 1

What are some of recent deals done by Saints Capital?

Xage Security

Palo Alto, California, United States

Xage is a global leader in zero trust access and protection

BlockchainCyber SecurityIdentity ManagementInformation TechnologyInternet of ThingsNetwork SecuritySecuritySoftware
Series BNov 2, 2023
Amount Raised: $60,150,000
Equalum

Tel Aviv, Tel Aviv, Israel

Equalum is an enterprise-grade real-time data integration & data streaming platform featuring industry-leading change data capture (CDC)

Big DataCloud Data ServicesData IntegrationDatabaseInformation Technology
Series CAug 8, 2022
Amount Raised: $14,000,000
Minerva Networks

Alviso, California, United States

Minerva Networks provides IPTV service management software that allows telcoms to deliver TV services over their managed IP network.

SoftwareVideoVideo on Demand
Secondary MarketJan 27, 2017
Direct Flow Medical

Santa Rosa, California, United States

Direct Flow Medical designs and develops medical implants used in the treatment of aortic and heart valve diseases.

Health CareMedicalMedical Device
Series CApr 15, 2016
Amount Raised: $30,984,431
Actelis Networks

Fremont, California, United States

Actelis accelerates wide-scale deployment of broadband services for telecoms service providers, enterprises and municipalities worldwide.

InternetInternet of ThingsTelecommunicationsWireless
Series UnknownFeb 17, 2016
Amount Raised: $2,040,000
InnFocus Inc

Miami, Florida, United States

InnFocus is a biomaterials company developing products for the ophthalmology sector.

BiotechnologyMedicalMedical Device
Series CDec 23, 2015
Amount Raised: $33,900,000
eBags.com

Greenwood Village, Colorado, United States

eBags offers an online platform that enables shoppers to find and buy clothing, handbags, backpacks, laptop bags, and accessories.

E-CommerceReal TimeRetailShopping
Series UnknownNov 19, 2015
OraMetrix

Richardson, Texas, United States

OraMetrix provides 3-D technology solutions for facilitating and improving the quality of orthodontic care.

DentalFitnessHealth Care
Debt FinancingOct 26, 2015
Kona Medical

Bellevue, Washington, United States

Kona Medical develops treatments for alleviating the suffering and health risks associated with drug-resistant hypertension.

Health CareMedicalTherapeutics
Debt FinancingSep 2, 2015
Amount Raised: $10,000,000
Cianna Medical

Aliso Viejo, California, United States

Cianna Medical is a women’s health company dedicated to the treatment of early-stage breast cancer.

Health CareMedicalMedical Device
Series UnknownJun 23, 2015
Amount Raised: $4,000,001