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.

• Richmond, USA • Est. 2020
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Investment Requirements

Revenue (ARR)
$180K - $1M
Deal Structure
All cash
Target Industries
B2B Software
Geographic Focus
North America

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

Blue Canary Software
Zendesk applications and tools
Icon Horse
URL icon retrieval service
Clipboard History Pro
Browser clipboard management tool
EntryThingy
Artist call management platform
Shopping Cart Apps
Shopify e-commerce tool

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Last updated: October 6, 2025

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