What to know before you reach out

An AI-native technology holding company, founded in 2021 and headquartered in London. We own 18 software businesses serving 200,000+ enterprises across commerce operations, enterprise integration and automation infrastructure.

We hold permanently, not for a 4-7 year exit. We bring an in-house AI engineering team that ships into your product post-close. And we underwrite to defensibility, not to a model.

B2B software where the product is mission-critical to the customer's workflow. Typical profile: $2-$15m ARR, profitable.

Sub-80% gross revenue retention, products that are not embedded in the workflows, unprofitable assets, or those without a high component of recurring revenues.

Typically 10-16 weeks from first call to close. Indicative offer within 2-3 weeks of receiving materials. We have a 10+ person M&A and product team that will work to get you an answer fast.

Three years of P&L, monthly customer-level revenue, customer concentration, headcount and cap table, and a deep dive on the products.

We are flexible on the founder's role depending on the situation of the business: stay-and-scale, phased handover, or clean exit. The team and brand stay.

Our in-house AI team, Circle X, embeds engineers in your product organisation. They ship AI-native features, rebuild high-cost workflows with agents, and automate the back office, partnering directly with OpenAI and Anthropic on enterprise-scale deployments. We don't run pilots; every engagement ships to production.