These 101 companies buy growth stage software businesses ($1M-$10M ARR)

What They Pay

• Typically ~4-8x annual revenue
• Usually $5M-$80M deal sizes
• Mix of cash and earn-outs
• Some offer equity rolls

What They Look For

• ~$100k-$800k monthly revenue
• Usually 20%+ annual growth
• 90%+ net revenue retention
• Diversified customer base
* Estimates based on market data - actual terms vary by company and deal

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

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

Cuadrilla Capital

Enterprise software investment firm focused on control-oriented SaaS investments, specializing in analytics companies with strong product-market fit and strategic value.

Santa Barbara, USA
Founded 2021
Industries B2B Software
Target ~$8M - $28M ARR
Deal structure All cash

FPE Capital

UK private equity firm specializing in B2B software, data, and software services companies with £5M-£50M revenue, focusing exclusively on UK and Irish headquartered businesses.

London, UK
Founded 2010
Industries B2B Software, Tech Services
Deal structure Flexible

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

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.

Ottawa, Canada
Founded 1976
Industries B2B Software
Response time 24 hours
Deal structure All cash

Cordance

North Carolina-based holding company that acquires founder-owned vertical B2B SaaS companies with strong leadership and high growth potential.

North Carolina, USA
Founded 2020
Industries B2B Software
Target ~$2M - $10M ARR
Deal structure Flexible

Alleyway Capital

Private equity firm focused on acquiring profitable micro-SaaS companies, taking controlling stakes with a transparent acquisition process.

Santa Monica, USA
Founded 2021
Industries B2B Software
Target ~$200K - $2M ARR
Deal structure All cash

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

ClearCourse

UK private equity-backed software and embedded payments specialist that acquires industry-specific software businesses across retail, hospitality, membership, and business services sectors.

London, UK
Founded 2018
Industries B2B Software, E-commerce & Payments
Deal structure All cash

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

WeCommerce

Ecommerce enablement software provider and home to leading applications, themes and agencies powering forward-thinking merchants. Focuses on acquiring and operating companies in the Shopify partner ecosystem.

Victoria, Canada
Founded 2019
Industries E-commerce & Payments
Response time Few days
Deal structure All cash, Flexible

PennSpring Capital

People-forward private equity firm focused on lower middle-market companies in business services, SaaS, education, and manufacturing with entrepreneur-first approach.

Lancaster, USA
Founded 2018
Industries B2B Software, Tech Services
Deal structure Flexible

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.

Bratislava, Slovakia
Founded 2014
Industries B2B Software
Response time 24 hours
Deal structure All cash

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

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

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

Ramp Ventures

Growth-focused company that invests in and grows SaaS companies through revenue growth consulting, product management, and operational support services

Austin, USA
Founded 2014
Industries B2B Software

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

CSI Perseus

Operating group of Constellation Software Inc. that acquires vertical market software businesses. Forever acquirer blending global strength of parent company with focus and agility of small, dedicated team to preserve legacies and fuel lasting growth.

Markham, Canada
Founded 1995
Industries B2B Software
Target ~$1M+ ARR
Deal structure All cash

Main Capital Partners

Leading European private equity firm with exclusive focus on enterprise software companies. Strategic partner for profitable growth journeys to build international software groups.

The Hague, Netherlands
Founded 2003
Industries B2B Software
Deal structure Stock + cash

Avathon Capital

Private equity firm focused exclusively on education and workforce companies, making control and minority equity investments of $10M-$50M with $400M+ assets under management.

Chicago, USA
Founded 2015
Industries B2B Software
Deal structure Flexible

Advantive

Leading provider of mission-critical software for specialty manufacturing and distribution companies, offering purpose-built ERP, MES and SPC software solutions. TA Associates-backed strategic acquirer focused on vertical software consolidation.

Tampa, USA
Founded 2022
Industries B2B Software

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

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