Seeking capital.
We are Y Combinator alumni with a previous 8-figure exit in the HR tech space. We acquire and operate "venture-detox" companies that have raised VC $$$, and built a solid business, but are no longer on a unicorn trajectory.
We have the following deal under LOI right now, and are looking for investment:
- B2B SaaS company in HR technology; we understand this space incredibly well given our last exit was in HR tech
- $1m in ARR w/150% YoY growth
- $40k ACV, 140% net dollar retention
- $6.5m acquisition price, with $4.5m in cash and $2m on a seller note
- The founders have done very well for themselves, but are burned out on the space and want to move onto something else
- We have an experienced "sales CEO" identified who would run day-to-day operations of the company and build out its outbound sales team (exclusively founder-led sales so far)
- We're targeting a 35%+ IRR for investors based on our planned capital structure, but with significant additional upside if we can maintain existing growth
industry
Software
Software
location
Remote
Remote
revenue
$1,000,000
$1,000,000
To download teaser or contact poster, please sign in.
^Searchfunder member I'll DM you to connect further