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

Omegro

People-first buy-and-grow acquirer of software companies providing a permanent and safe home for long-term sustainable growth. Part of Constellation Software with over 1,000 acquisitions completed and a commitment to never sell any business.

Toronto, Canada
Founded 2024
Industries B2B Software
Deal structure All 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

The Access Group

Leading provider of business management software to mid-market organizations, offering ERP, HR, payroll, CRM, and industry-specific solutions.

Loughborough, UK
Founded 1991
Industries B2B Software
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

saas.group

Founded by serial entrepreneurs, acquires bootstrapped SaaS companies with a founder-friendly approach to elevate products and organizations. Built by founders and product enthusiasts.

Seattle, USA
Founded 2017
Industries B2B Software, Tech Services
Target ~$1M - $10M ARR
Response time 24 hours
Deal structure All cash, Flexible

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.

Plano, Texas
Founded 1966
Industries B2B Software
Deal structure Stock + cash

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

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

Turn/River Capital

Software investment firm that partners with B2B software companies, providing data-driven methods, hands-on operational support, and flexible capital.

San Francisco, USA
Founded 2012
Industries B2B Software
Deal structure Flexible

Medallia

Enterprise experience management SaaS platform that captures and analyzes real-time customer and employee feedback, offering AI-powered insights for customer communication and engagement.

San Francisco, USA
Founded 2001
Industries B2B Software
Deal structure All cash

Verne

Micro-private equity firm that buys mission-critical B2B SaaS companies with a founder-friendly approach emphasizing transparency and minimal disruption.

United States
Founded 2020
Industries B2B Software
Target ~$300K - $5M ARR
Deal structure All cash

SpringSt Capital

Private equity firm that buys and scales vertical software businesses, providing deep operating expertise and long-term commitment to serving founders' people, customers, and legacy. Focuses on Energy, Healthcare, and Real Estate sectors.

United States
Industries B2B Software
Target ~$2M - $10M ARR
Deal structure 100% acquisition, Majority ownership

Shop Circle

Leading AI-driven technology platform that acquires and grows e-commerce software, specializing in commerce-centric products powered by AI.

London, UK
Founded 2021
Industries E-commerce & Payments

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.

United States
Founded 2021
Industries E-commerce & Payments
Deal structure All cash

Staytuned

E-commerce software company building the 'Salesforce suite for e-commerce' by acquiring and developing Shopify apps that drive merchant growth and ROI.

Los Angeles, USA
Founded 2018
Industries E-commerce & Payments
Deal structure All cash

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

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

Mosaic Software Group

Permanent capital investment firm that acquires and grows B2B software companies. Founded by former enterprise software entrepreneurs who wanted to be 'the buyer that we wish had existed when we were selling our companies – one without any trade-offs.'

San Francisco, USA
Founded 2023
Industries B2B Software
Target ~$1M - $10M ARR
Deal structure Majority ownership, 100% acquisition

VitalHub

Public healthcare software company providing solutions for health and human services providers, focused on patient flow management, EHR systems, and workforce automation.

Toronto, Canada
Founded 2003
Industries B2B Software
Deal structure Cash + earnout

Balio

Team of ex-SaaS founders, operators, and investors who acquire and scale B2B software companies while preserving founder legacy.

London, UK
Founded 2022
Industries B2B Software
Close time 8-10 weeks
Deal structure Flexible

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.

Solon, USA
Founded 1971
Industries B2B Software

WestView Capital

Boston-based private equity firm focused on growth-oriented companies. Partners with exceptional entrepreneurs in minority and majority recapitalizations, growth capital and buyout transactions.

Boston, USA
Founded 2004
Industries B2B Software, Tech Services
Deal structure Stock + cash, 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

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

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