Dallas
Dallas B2B SaaS — Recap
$6.5M ARR / 28% EBITDA margin
Majority recap, founder retained 35%
Founder wanted partial liquidity and a long-hold partner. Structured a majority recap with continued CEO role and a multi-year runway.
RAW Ventures
Operator-led acquisition & investment
Software & Technology · Texas
RAW Ventures acquires profitable, founder-led SaaS businesses headquartered in or founded in Texas. We are long-hold operators — no flipping, no forced sale, no founder displacement.
Valuation
SaaS valuations are driven by ARR, NRR, gross retention, gross margin, and rule-of-40 profile. Vertical SaaS with high retention and durable category leadership trades at the top of our range.
EBITDA Multiple
5.0x – 12.0x Adjusted EBITDA
Revenue Multiple
2.5x – 7.0x ARR
Educational ranges based on RAW Ventures' active Texas deal flow. Your business will be valued on its specific financials and risk profile.
What Drives Value
Common Detractors
Acquisition Criteria
Revenue
$1M – $25M ARR
EBITDA
Break-even to $5M EBITDA
Geography
Texas HQ / Texas founder preferred; team can be remote.
Notes
Vertical SaaS, B2B SaaS, infrastructure tools.
Succession & Structure
Not every SaaS owner wants the same exit. We structure transactions around your timeline, your tax picture, and your relationship with the team.
Explore Succession Hub →Anonymized Texas Case Studies
Dallas
$6.5M ARR / 28% EBITDA margin
Majority recap, founder retained 35%
Founder wanted partial liquidity and a long-hold partner. Structured a majority recap with continued CEO role and a multi-year runway.
Frequently Asked
No infrastructure prejudice. We diligence what's there.
No. Sales-led, PLG, and hybrid GTM are all acceptable.
Confidential Inquiry
Principal-to-principal. No fees. NDA on request. We reply within one business day.
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