Third South Capital
Micro-holding company focused on acquiring niche software businesses with $15K-$80K MRR that have proven product-market fit and low operational overhead.
Investment Requirements
Company Overview
Third South Capital
What They Buy
- Target: Niche software businesses with proven product-market fit
- Size: $15K-$80K MRR ($180K-$1M ARR)
- Requirements: Stable revenue trajectory, low operational overhead
- Focus: Cash-flowing businesses beyond founder scale
- Structure: Founders wanting transition, liquidity, or growth support
- Geography: Primarily North America
Recent Major Acquisitions
- Blue Canary Software: Zendesk applications and tools
- Icon Horse: URL icon retrieval service
- Clipboard History Pro: Browser clipboard management
- EntryThingy: Artist call management platform
- Shopping Cart Apps: Shopify e-commerce solutions
Track Record
- Founded: 2020 by Harrison Roday, Colin, Justin, and Myles
- Leadership: Harrison Roday (Partner, ex-Morgan Stanley)
- Scale: 4 partners with diverse backgrounds
- Philosophy: Fill gap between founder-scale and institutional investor appeal
- Experience: Public software investments, SaaS startups, Amazon/Stripe engineering
- Approach: Real estate model applied to SaaS - buy, improve, collect “rent”
Portfolio Companies
Similar Acquirers
Appfire
Enterprise collaboration software company that acquires Atlassian marketplace apps and B2B workplace tools, with $200M+ ARR and acquisitions every 6-8 weeks.
WestView Capital
Boston-based private equity firm focused on growth-oriented companies. Partners with exceptional entrepreneurs in minority and majority recapitalizations, growth capital and buyout transactions.
Arising Ventures
Holding company that acquires and operates B2B tech businesses, specializing in turnarounds and special situations with a focus on high-margin software platforms.
Last updated: October 6, 2025
Information verified from public sources. Report corrections