Arbor SPV VII — SaaS Co-invest
Arbor Partners
Arbor SPV VII is a co-investment vehicle alongside Arbor's lead in the Series B of a vertical SaaS company serving commercial real estate operators. The company manages leasing, tenant communications, and maintenance workflows for mid-market CRE landlords, with ARR of USD 8M and 140% net revenue retention.
Raise Progress
USD 9.6M
of USD 12.0M target
80% raised
This is not a subscription. Expressing interest initiates a conversation with the Pier team.
Investment Thesis
The company occupies a defensible position in a workflow-heavy vertical with high switching costs. ARR growth of 180% YoY is driven by land-and-expand within existing accounts rather than new logo acquisition — a signal of genuine product-market fit. At the Series B valuation of USD 80M post-money, entry is at 10x ARR, in line with comparable vertical SaaS transactions at this retention profile. Arbor is the Series A lead and pro-rata holder; this SPV preserves Pier members' access to the round at Series B terms.
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