XO Capital

Micro private equity firm founded by experienced operators who buy small, profitable B2B SaaS businesses. Founded by Andrew Pierno, Danny Chu, and Henry Armistead who collectively raised over $20M and sold 3 companies before starting XO.

Santa Monica, USA Est. 2020

Investment Requirements

Revenue (ARR)
$600K+
Deal Structure
All cash
Target Industries
B2B Software
Geographic Focus
North America Europe
Time To
Response
Valuation
Close
30 days

Company Overview

About XO Capital

XO Capital is a micro private equity firm founded by experienced operators who buy small, profitable B2B SaaS businesses. Founded by Andrew Pierno, Danny Chu, and Henry Armistead who collectively raised over $20M and sold 3 companies before starting XO.

Investment Focus

  • Revenue Range: $600K+ ARR (50K+ MRR minimum)
  • Purchase Price: Typically $1-2M range
  • Target: Small, profitable B2B SaaS with 80%+ gross margins
  • Experience: Founded by operators with proven exit track record

Founders’ Background

The founding team brings significant operational experience:

  • Collectively raised over $20M in previous ventures
  • Successfully sold 3 companies before starting XO Capital
  • Deep understanding of SaaS business models and scaling

Acquisition Process

XO Capital offers a streamlined process:

  • Response Time: Quick initial assessment
  • Closing Timeline: 30 days stated closing timeline
  • Structure: Cash acquisitions with complete founder exit
  • Financing: Occasionally uses seller financing

Portfolio Performance

With 10 acquisitions completed and 5 sold, currently operating 5 companies:

Current Portfolio:

  • Screenshot API: Automated website screenshot service
  • Sheet.Best: Spreadsheet-to-API conversion tool
  • Inlytics: LinkedIn analytics and insights platform
  • OnSched: Scheduling and appointment API
  • Journey.io: User onboarding and activation platform

Successful Exits:

  • WorkClout: Freelancer platform (sold)
  • Support Guy: Customer support automation (sold)
  • Cold DM: Direct messaging tool (sold)

Geographic Reach

Operating in the United States and United Kingdom, XO Capital focuses on B2B SaaS businesses that can benefit from their operational expertise and growth strategies.

Portfolio Companies

Screenshot API
Website screenshot automation
Sheet.Best
Spreadsheet API service
Inlytics
LinkedIn analytics platform
OnSched
Scheduling API service
Journey.io
User onboarding platform
Cold DM
Direct messaging automation
WorkClout
Freelancer platform (sold)
Support Guy
Customer support tool (sold)

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Last updated: October 6, 2025

Information verified from public sources. Report corrections