Saltwater
Holding company founded by former Uber CEO Ryan Graves, focused on acquiring and operating small, profitable technology businesses through a partner equity model with long-term ownership.
• Honolulu, USA • Est. 2017
Investment Requirements
Revenue (ARR)
Flexible
Deal Structure
Flexible
Target Industries
B2B Software Tech Services
Geographic Focus
North America
Company Overview
Saltwater
What They Buy
- Target: Small, profitable technology businesses
- Size: $2M - $10M EBITDA (based on original list criteria)
- Focus: Growth-oriented businesses with differentiated approach
- Structure: Partner equity model (founders retain 10-30% equity)
- Approach: Majority investments or full acquisitions
- Geography: Technology companies, primarily North America
Recent Major Acquisitions
- Mayven Studios: Software design and development firm (January 2023)
- GPX: Logistics SaaS for supply chain transparency
- Quillt Media: Multi-brand content-to-commerce business
Track Record
- Founded: 2017 by Ryan Graves (former Uber CEO)
- Leadership: Ryan Graves (Founder & CEO)
- Scale: 52 investments made, 3 companies acquired
- Investment Range: $25K to $1.4M per deal
- Philosophy: Long-term ownership, not traditional VC or PE
- Approach: Partner with founders who view industries differently
Portfolio Companies
GPX
Logistics SaaS bringing transparency to complex supply chains
Mayven Studios
Software design and development firm (acquired January 2023)
Quillt Media
Multi-brand content-to-commerce business