These 110 companies buy B2B software businesses

What They Look For

• SaaS with recurring revenue
• Enterprise customers
• Low churn (<10% annually)
• Clear ROI for customers

Common Categories

• CRM, Sales, Marketing tools
• HR, Finance, Operations software
• Developer tools & APIs
• Vertical SaaS solutions
* B2B software typically gets higher multiples due to predictable revenue

Jonas Software

Leading acquirer of mission-critical vertical market software companies with over 20+ years of experience. Buy-and-hold forever acquirer operating on decentralized model, providing businesses with tools and network to grow into successful companies.

Markham, Canada
Founded 2003
Industries B2B Software
Close time 2 months after LOI
Deal structure All cash

Hadley Family Capital

Direct investing arm of Hadley Family Office focused exclusively on supporting acquisition entrepreneurs through search funds and entrepreneurial acquisitions, providing value-add operational expertise

Greater Toronto Area, Canada
Founded 2018
Industries B2B Software

Embrace Software Inc.

Acquires and invests in niche vertical-SaaS businesses. Entrepreneurs and enterprise technologists focused on companies offering mission-critical software.

Tampa, USA
Founded 2020
Industries B2B Software
Target ~$2M - $30M ARR
Close time 45-60 days diligence

Ideagen

Leading provider of software solutions for regulated and high-compliance industries including EHS, quality management, risk management, audit, and collaboration tools.

Nottingham, UK
Industries B2B Software
Deal structure All cash

Fork Equity

Micro private equity firm that specializes in buying, growing, and selling small B2B SaaS businesses, providing 'painless exits for bootstrapped founders'.

Austin, USA
Founded 2017
Industries B2B Software
Target ~$120K - $180K ARR
Close time Less than 30 days
Deal structure All cash

Appfire

Enterprise collaboration software company that acquires Atlassian marketplace apps and B2B workplace tools, with $200M+ ARR and acquisitions every 6-8 weeks.

United States
Founded 2005
Industries B2B Software
Deal structure All cash

Bloom Equity Partners

Growth equity firm investing in mission-critical B2B SaaS and fintech companies with competitive moats and strong customer retention metrics.

New York, USA
Founded 2020
Industries B2B Software
Target ~$2M - $20M ARR
Deal structure Flexible

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
Founded 2020
Industries B2B Software
Target ~$600K+ ARR
Close time 30 days
Deal structure All cash

The Brydon Group

Combat veteran-led private equity firm that partners with mid-career operators to acquire small businesses in B2B, B2G, and healthcare software and services. Focuses on CEO-in-Residence programs and provides committed capital with operational support.

Washington, D.C.
Founded 2020
Industries B2B Software
Deal structure Stock + cash

Resurgent Capital Partners

Lower middle-market private equity firm specializing in distressed, divestitured, and performing companies across SaaS, business services, healthcare, and e-commerce sectors.

Westlake Village, USA
Founded 2017
Industries B2B Software, Tech Services
Deal structure Flexible

Valsoft Corporation

Acquirers and builders of vertical market software. Specializes in acquiring and developing vertical market software companies with mission-critical solutions.

Montreal, Canada
Founded 2015
Industries B2B Software
Deal structure All cash

Growth Stack

Private equity firm focused on acquiring and growing profitable B2B SaaS businesses worldwide, with rapid deployment teams across five countries providing expertise to accelerate business growth.

Reno, USA
Founded 2018
Industries B2B Software
Target ~$300K+ ARR
Deal structure All cash

Software Growth Partners

Silicon Valley private equity firm focused on lower middle-market B2B software and SaaS companies with partnership-driven, hands-on investment approach.

Palo Alto, USA
Founded 2017
Industries B2B Software
Deal structure Flexible

Arcadea Group

Long-duration investor in typically founder-led vertical software (VSaaS) companies with permanent capital focus. Specializes in high-quality, rapid-growth VSaaS businesses with ultra-long-range potential.

Toronto, Canada
Founded 2020
Industries B2B Software, Tech Services
Target ~$1M - $20M ARR

Volition Capital

Boston-based growth equity firm partnering with founders to accelerate business growth and scale innovative, high-potential companies. Focuses on founder-owned, capital-efficient businesses.

Boston, Massachusetts
Founded 2010
Industries B2B Software, Tech Services
Target ~$5M - $50M ARR

Xenon Partners

Private equity firm that acquires and accelerates early-stage B2B SaaS companies. Provides capital and operational expertise to scale technology businesses through their internal growth team.

United States
Founded 2014
Industries B2B Software
Target ~$1M - $10M ARR
Deal structure Cash + earnout

Thoma Bravo

Leading software-focused private equity firm with $181B+ AUM and 40+ year history, exclusively investing in software and technology companies with focus on categorical leadership.

Chicago, USA
Founded 1980
Industries B2B Software, Tech Services
Deal structure All cash

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.

United States
Founded 2020
Industries B2B Software
Deal structure Flexible

Alpine Software Group

Vertical SaaS acquirer and operator helping industry-specific software businesses become market-leading platforms. Branch of Alpine Investors with 50+ acquisitions since 2016.

Walnut Creek, USA
Founded 2016
Industries B2B Software
Deal structure Flexible

Alicorn Venture Partners

European venture capital firm specializing in growth-stage frontier technology companies through secondaries and bespoke primary transactions, with strong focus on Israel and UK markets.

London, UK
Founded 2017
Industries B2B Software
Deal structure Stock + cash, Flexible

Enduring Ventures

Long-term holding company inspired by Berkshire Hathaway that buys exceptional businesses and holds them forever. Founded by Xavier Helgesen and Sieva Kozinsky, focuses on control cash-flow buyers typically acquiring 51%-100% of businesses.

San Francisco, California
Founded 2019
Industries B2B Software
Close time Under 30 days
Deal structure All cash, Flexible

Topicus.com Inc.

Leading pan-European provider of vertical market software and vertical market platforms to clients in public and private sector markets. Operates and invests in countries across Europe, acquiring, building and managing specialized software companies providing mission-critical solutions.

Amsterdam, Netherlands
Founded 2021
Industries B2B Software

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.

San Francisco, USA
Founded 2000
Industries B2B Software
Target ~$1M+ ARR
Deal structure Flexible

Dura Software

Specialists in acquiring and operating hyperniche software products that fit narrow but mission-critical use cases for business customers. They buy software companies from owners looking for a long-term home and operate them with no intention to sell.

San Antonio, USA
Founded 2018
Industries B2B Software
Target ~$2M - $15M ARR
Close time 60 days
Deal structure All cash

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