These 68 companies buy early stage software businesses (under $1M ARR)
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Appfire
Enterprise collaboration software company that acquires Atlassian marketplace apps and B2B workplace tools, with $200M+ ARR and acquisitions every 6-8 weeks.
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.
Ideagen
Leading provider of software solutions for regulated and high-compliance industries including EHS, quality management, risk management, audit, and collaboration tools.
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.
Genesys
Leading AI-powered customer experience and contact center technology company that acquires CX, AI, and customer engagement platforms to enhance experience orchestration capabilities.
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.
Harris Computer
Global vertical market software provider that acquires, manages, and builds software businesses using a 'forever time horizon.' Focuses on businesses serving public and private sectors including local government, education, public safety, healthcare, and utilities.
MRI Software
Leading global provider of real estate software solutions for commercial and residential property management, investment management, and PropTech. The largest real estate software company in the world with 6+ million users.
The Access Group
Leading provider of business management software to mid-market organizations, offering ERP, HR, payroll, CRM, and industry-specific solutions.
Software Circle
UK-based public company (PLC) and serial acquirer of vertical market software businesses. Inspired by Constellation Software model, they provide a permanent home for software companies with decentralized operations while helping founders find exit strategies 'without fuss.'
IgniteTech
AI-first enterprise software company and business unit of ESW Capital Group. Specializes in acquiring undercapitalized enterprise software companies that have failed to reach potential, then revitalizing them with AI capabilities and the IgniteTech Unlimited program.
Calm Capital
Holding company that acquires profitable businesses with simple models that require little operational effort and have established customer bases.
Hunter Search Capital
Private investment fund focused on partnering with entrepreneurs through search funds and other entrepreneurship through acquisition (ETA) vehicles to acquire and grow small businesses
Vitec Software Group
Leading provider of vertical software solutions that develops and delivers standardized software for various industry niches, growing primarily through acquisitions of well-managed software companies
Shop Circle
Leading AI-driven technology platform that acquires and grows e-commerce software, specializing in commerce-centric products powered by AI.
EG A/S
Leading Nordic vertical software company providing industry-specific SaaS solutions across healthcare, construction, public administration, and other vertical markets. Serves over 32,000 customers and has over 2,400 employees primarily in Nordic countries.
Turn/River Capital
Software investment firm that partners with B2B software companies, providing data-driven methods, hands-on operational support, and flexible capital.
Razor Group
Leading e-commerce aggregator that acquires and scales promising online brands, particularly Amazon FBA businesses. Uses proprietary technology and data infrastructure to unlock brands' full potential through strategic acquisition and growth.
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
ClearCourse
UK private equity-backed software and embedded payments specialist that acquires industry-specific software businesses across retail, hospitality, membership, and business services sectors.
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.
Threecolts
E-commerce software company that acquires and operates tools for businesses selling on marketplaces like Amazon, Walmart, and eBay. Built through 14+ strategic acquisitions since 2021.
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.
Polychrome
Investment firm focused on acquiring majority equity positions in early-stage B2B SaaS businesses and unlocking growth through operational expertise.