The Spotted Bear Search Fund

Spotted Bear Capital has launched a Search Fund!We target technology businesses, primarily in B2B Vertical SaaS.

We are currently looking for businesses with:
  • High % of Recurring Revenue 
  • Gross Retention >85%
  • Consistent Historical Growth (Pandemic Exceptions OK)
  • >$500k in Cash Flow 
  • 3+ Year Track Record of the Above (Supported by Tax Returns)
  • Majority of the team will remain in place after a sale
We are currently operating as a self-funded operation, but might seek outside investment for larger deals. If you are  interested in learning more about our operation and investing, please get in touch.
Have a business that might be a good fit? Send it our way!