SpringWater · Software
We acquire and scale founder-led software businesses
We are a strategic partner and acquirer of exceptional founder-led software companies. Offering founders a full exit or the opportunity to partner with us in the next phase of growth, we accelerate businesses to leaders in their markets.
We use our capital, operational experience and a deep network of experts to scale your business while building on the original drivers of your company's success and preserving your legacy.
What we look for
We love software companies that do one thing well and have loyal customers to prove it
Revenue
€1m–10m ARR
Profitability
Cash flow positive
Business type
B2B software and tech-enabled businesses; product-led offering
Geography
Global, with focus in Europe
Ownership stake
Majority; full or partial exit for the founders
Company age
3+ years
Customers
Stable, loyal customer base; low churn
Why us
A partner that has built and scaled software companies
Entrepreneur mindset
We are backed by a small group of bootstrapped entrepreneurs who have built global category leaders. We speak your language and understand your concerns.
Growth partner
We are experts in product-led growth and marketing, and will pursue ambitious growth plans for your company. We will scale your product to become the leader in its market.
Expert guidance
We will guide you through your exit process, whether a full or partial cash out. We will support your business with coaching, best practices and specialist knowledge in product, marketing, AI, hiring and finance.
Access to resources
We are a part of a thriving tech ecosystem of 50+ businesses and 4,000+ experts where you and your business will feel at home.
Long-term, flexible capital
We offer a permanent home for your business. We can provide a full, straightforward exit to founders or agree a bespoke acquisition structure that aligns you and your company for long-term growth without time constraints.
Our process
Founder-friendly, pragmatic and fast
We value your time. We will work quickly to establish whether we have a mutual fit, and if so, we will guide you through a straightforward process.
Introduction
We seek to get to know each other and understand your product in the first meeting. If there is a mutual fit, we will offer to sign an NDA and continue our discussion.
Initial information exchange
At this stage, we seek to understand your product better and get a high level view of your financials and customer profile. We will provide you with an indicative valuation at this stage.
Offer
If our initial indication is acceptable, we will spend more time with you on the product, technology infrastructure, customer base and financials to provide you with a formal offer.
Confirmatory due diligence
If our offer is acceptable, we will work together with you to perform detailed due diligence and prepare transaction documents. This process may take some time and resources on both sides but is crucial to both (i) substantiating the offer price and terms as well as, if applicable, (ii) setting the stage for our future partnership as we learn more about your business, its value drivers and areas we can work together on.
Closing and continued partnership
We formally close the transaction: you receive your sale proceeds and we embark on a journey to make your business a long-term success.