Calling all vertical SaaS founders: VC fund Pitbull Ventures shared news this week that it’d closed its $5M Fund I to support these startups of tomorrow.

The news should be blessing to those facing challenges in funding, with the fund on a mission support pre-seed AI-enabled vertical SaaS startups.

According to a statement from the company, the fund is looking for startups with promising early traction.

Pitbull Ventures invests across a variety of SaaS industries, with its portfolio ranging from FinOps to IT distribution services. To date the VC has backed 15 vertical SaaS early-stage startups.

Pitbull Ventures is a pre-seed fund based in Los Angeles, California founded by Brad Zions (above), an active early-stage investor for the past 25 years.

Recent exits include Podsights, Jukin Media, and Donut Media, with winners in his vertical SaaS portfolio including Harri, VidMob, and Embrace.