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.
Investment Requirements
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
Similar Acquirers
LTV SaaS Growth Fund
U.S. investment fund focused on SaaS and software investments in privately held businesses, with over 50 years combined SaaS M&A experience and access to exclusive private acquisition data.
Alpine Software Group
Vertical SaaS acquirer and operator helping industry-specific software businesses become market-leading platforms. Branch of Alpine Investors with 50+ acquisitions since 2016.
Calm Capital
Holding company that acquires profitable businesses with simple models that require little operational effort and have established customer bases.
Last updated: October 6, 2025
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