These 68 companies buy early stage software businesses (under $1M ARR)
What They Pay
What They Look For
Filters
Polychrome
Investment firm focused on acquiring majority equity positions in early-stage B2B SaaS businesses and unlocking growth through operational expertise.
team.blue
Europe's leading digital enabler for entrepreneurs and SMBs. Serial acquirer building comprehensive digital services platform through M&A across 22 countries.
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.
Level Equity
Leading middle market growth capital firm providing bespoke guidance to best-in-class software pioneers and technology leaders.
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.
Tyler Technologies Inc.
Provider of proprietary software to the United States public sector, offering integrated software and technology services for local governments, courts, schools, and other government entities.
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.
Fork Equity
Micro private equity firm that specializes in buying, growing, and selling small B2B SaaS businesses, providing 'painless exits for bootstrapped founders'.
Balio
Team of ex-SaaS founders, operators, and investors who acquire and scale B2B software companies while preserving founder legacy.
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.
Visma
Europe's leading provider of mission-critical cloud business software including accounting, payroll, invoicing, HR, and ERP solutions for small businesses, medium businesses, and public sector.
Appfire
Enterprise collaboration software company that acquires Atlassian marketplace apps and B2B workplace tools, with $200M+ ARR and acquisitions every 6-8 weeks.
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.
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.'
iTrinity
SaaS portfolio operator running fast-growing portfolio of highly profitable businesses. Started with bootstrapping KWFinder in 2014, now operates 8 SaaS products with over 7.5 million users.
VitalHub
Public healthcare software company providing solutions for health and human services providers, focused on patient flow management, EHR systems, and workforce automation.
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.
Alleyway Capital
Private equity firm focused on acquiring profitable micro-SaaS companies, taking controlling stakes with a transparent acquisition process.
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
ClearCourse
UK private equity-backed software and embedded payments specialist that acquires industry-specific software businesses across retail, hospitality, membership, and business services sectors.
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.
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.
Verne
Micro-private equity firm that buys mission-critical B2B SaaS companies with a founder-friendly approach emphasizing transparency and minimal disruption.
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.