Cloud-Based Tech Companies Are Hot IPO Candidates (Infographic)
The cloud is raining money these days.
Approximately one in five companies that went public in the U.S. in 2013 were related to SaaS, or software as a service, according to this infographic created by venture capital firm Inventus Capital Partners. For the purposes of this infographic, SaaS companies rely on cloud-based technologies, or those whose infrastructure is Internet-based, not dependent on any hardware.
Some of the biggest SaaS IPOs last year include online coupon company RetailMeNot, biotech cloud software company, Veeva, and e-commerce company Zulily, selling clothes and home goods targeted at moms and children.
Take a look at this infographic for facts on the average size of SaaS companies that went public in 2013 and a few 2014 highlights. Note: All the statistics in the infographic are for U.S. IPOs, except where noted.