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.
Investment Requirements
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
Similar Acquirers
Alpine Investors
People-driven private equity firm specializing in software and services businesses undergoing transitions. Known for their CEO-in-Training program and focus on exceptional talent.
Accel-KKR
Private equity firm specializing exclusively in software and tech-enabled services companies. One of the most active PE investors in software with 450+ investments over 25 years.
Big Band Software
B2B SaaS software holding company committed to harmonizing capital, culture and teams. Buys companies to run long-term without pressure to quickly extract or flip. Focuses on growing and profitable B2B SaaS businesses that serve other businesses.
Last updated: October 6, 2025
Information verified from public sources. Report corrections