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

Litera

Global leader in legal technology providing workflow, AI-powered due diligence review, collaboration, and data management solutions. Known as 'The Legal Experience Company' serving over 2.3 million legal professionals.

Chicago, USA
Founded 1994
Industries B2B Software

Awesome Motive

Software holding company that creates tools and training to help small businesses grow & compete with the big guys. Over 30 million websites use their software.

West Palm Beach, USA
Founded 2011
Industries B2B Software, E-commerce & Payments
Target ~$250K - $10M ARR
Response time 48 hours
Deal structure All cash, Minority investment

CORA Group

Operating group within Jonas Software that acquires, strengthens, and grows vertical market software companies. Led by experienced operators who were previously acquired, they focus on long-term partnerships and maintaining company culture while providing growth capital.

Toronto, Canada
Founded 2020
Industries B2B Software
Deal structure All cash

Cache Ventures

Venture studio that builds, advises, and invests in companies. Focus on acquiring and managing assets across multiple verticals with indefinite time horizon.

Miami, Florida
Founded 2013
Industries E-commerce & Payments, B2B Software

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.

Minneapolis, USA
Founded 2023
Industries B2B Software
Target ~$1M - $10M ARR
Deal structure All cash

Constellation Software Inc.

Leading provider of software and services to select public and private sector markets. Acquires, manages and builds industry-specific software businesses.

Toronto, Canada
Founded 1995
Industries B2B Software
Target ~Up to $700M ARR
Deal structure All cash

EQT

Global investment organization with active software and technology acquisition strategy, focusing on vertical SaaS platforms, sustainability software, and enterprise solutions across multiple industries.

Stockholm, Sweden
Founded 1994
Industries B2B Software, Tech Services
Deal structure Flexible

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

SureSwift Capital

Exceptional operators of B2B SaaS businesses. Acquires SaaS businesses from independent founders and takes them to the next stage of growth.

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

Saltwater

Holding company founded by former Uber CEO Ryan Graves, focused on acquiring and operating small, profitable technology businesses through a partner equity model with long-term ownership.

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

Strattam Capital

Private equity firm that invests in founder-led, independent B2B software and technology companies across North America using their Five-Point Plan process.

Austin, USA
Founded 2013
Industries B2B Software, Tech Services
Deal structure Stock + cash

Volaris Group

Buy-and-hold acquirer of software businesses focused on long-term success, operating as part of Constellation Software Inc. Provides permanent home for companies with autonomy to operate and access to learning community. Has never sold a business after acquisition.

Mississauga, Canada
Founded 2011
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

ETA Equity

Search fund investor that invests in and supports entrepreneurs seeking to acquire and operate established small businesses through the Entrepreneurship Through Acquisition (ETA) model

Dallas, USA
Founded 2020
Industries B2B Software

Bregal Sagemount

Growth-focused private capital firm providing flexible capital and strategic assistance to market-leading companies in high-growth sectors.

New York, USA
Founded 2012
Industries B2B Software
Target ~$15M+ ARR
Deal structure Stock + cash, Flexible

Polychrome

Investment firm focused on acquiring majority equity positions in early-stage B2B SaaS businesses and unlocking growth through operational expertise.

Richmond, USA
Founded 2020
Industries B2B Software
Close time 12-18 months hands-on operational period after acquisition
Deal structure Stock + cash

Performant Capital

Chicago-based lower middle-market private equity firm focused on technology-driven companies with recurring revenue, specializing in software, tech-enabled services, and data intelligence.

Chicago, USA
Founded 2019
Industries B2B Software, Tech Services
Deal structure Flexible

Vertus Group

Rebranded division of Jonas Software and Constellation Software launched in December 2023. Acquires high-performing vertical market software businesses with buy-and-hold forever approach, preserving entrepreneurial culture across 7 distinct verticals.

Toronto, Canada
Founded 2003
Industries B2B Software
Deal structure All cash

Battery Ventures

Global technology and software-focused investment firm backing potentially cutting-edge, category-defining businesses across multiple sectors and stages.

Boston, USA
Founded 1983
Industries B2B Software, E-commerce & Payments
Deal structure Flexible

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
Founded 2020
Industries B2B Software
Target ~$180K - $1M ARR
Deal structure All cash

Software Combined

Australia-based holding company focused on acquiring profitable B2B industry-specific software businesses with recurring revenue, backed by Navis Capital Partners.

Sydney, Australia
Founded 2020
Industries B2B Software
Deal structure Flexible

TELEO Capital

Lower middle-market private equity firm targeting enterprise software, healthcare IT, and tech-enabled services with focus on empowering management teams to execute business plans.

Los Angeles, USA
Founded 2015
Industries B2B Software, Tech Services
Deal structure Flexible

Vela Software Group

Subsidiary of Constellation Software that acquires, manages and builds industry-specific software businesses globally. Provides vertical market software expertise, operational support and capital to help businesses grow organically and through acquisitions.

Toronto, Canada
Founded 1995
Industries B2B Software

First Principles

Venture holding company that starts, acquires, and advises B2B SaaS companies. Focuses on building and scaling businesses in Martech, Fintech, and HR space with goal to create $100M in enterprise value annually.

Global (Remote-first)
Industries B2B Software

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