RAW Ventures
Operator-led acquisition & investment
Software & Technology · Texas
We acquire profitable, founder-led software businesses in Texas — vertical SaaS, on-prem software with maintenance, B2B tools, and specialized platforms. We're long-hold operators, not flippers.
Valuation
Software valuations are driven by ARR, net retention, gross margin, and growth. We pay on a blend of ARR multiple and Adjusted EBITDA multiple depending on profile.
EBITDA Multiple
5.0x – 12.0x Adjusted EBITDA (or 2.0x – 6.0x ARR)
Revenue Multiple
2.0x – 6.0x 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 – $30M ARR
EBITDA
Break-even to $6M EBITDA
Geography
Texas-headquartered or Texas-founder preferred; remote-first OK.
Notes
B2B vertical SaaS, on-prem + maintenance, or specialized platforms.
Succession & Structure
Not every Software 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
Austin
$4.2M ARR / 38% EBITDA margin
Full acquisition with 12-month founder consulting
Bootstrapped vertical SaaS serving Texas-based operators. Closed at a healthy ARR multiple, retained the engineering team, and the founder transitioned over a year.
Frequently Asked
Selectively. We prefer profitable or near-profitable. Growth-stage burn is evaluated case by case.
Yes. Most software teams we acquire stay remote-first.
Confidential Inquiry
Principal-to-principal. No fees. NDA on request. We reply within one business day.
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