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”
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Last updated: October 6, 2025
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