Established niche
A defined vertical where customers rely on the software to run their day-to-day operations.
Portfolio
We buy software businesses we never intend to sell.
Every company here runs something essential for the industry it serves. We back the founders who built them, keep the name and the team, and own the business for the long term.
Building the portfolio
We are being deliberate about the first.
We partner with a small number of founders each year, and the first partnerships set the standard for everything after them. Each company we bring on will be listed here.
Because we hold permanently, this list only ever grows. There are no exits to report, and there will not be any.
What earns a place here
The shape of a business we buy.
The companies that end up in this portfolio tend to look the same from the start: quietly essential, steadily profitable, and run by someone who cares how the story ends.
$1M+ annual revenue
Recurring revenue, three or more years in market, and margins that support a long-term business.
Deep retention
Customers stay because the product is woven into how they operate, not because switching is hard.
Get started
If you built one
of these, let’s talk.
We are actively meeting founders about our next partnerships. Every conversation is confidential, and there is no obligation on either side.