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Search funds that buy software companies

Search funds pair a first-time CEO with investors to buy and operate one company. Criteria often emphasize recurring revenue, modest EBITDA and a clean handoff. The buyers below are tagged as search fund investors in the ExitBuyers directory. Exact EBITDA or purchase-price ranges are shown only when we found them on a primary source.

2 matching buyers in the directory:

Pacific Lake Partners

Search fund investorServicesSoftwareRecurring-revenue B2B

Deal size: EBITDA ≥$2M (typically $2M–$4M); purchase price typically $10M–$30M

Geography: US

Latest: Connected Dealer Services (2026)

Relay Investments

Search fund investorSearch funds (multi-sector)

Deal size: Invests $1M–$3.5M per search acquisition (15–25% of cap table)

Geography: US, Europe

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