USE CASES
Building across borders to close Europe's software scale gap.
OUR MANIFESTO
Why We Exist
European software is a fragmented market. Across legal tech, GovTech, HR tech, digital workplace — dozens of local heroes have built strong products serving their domestic markets. But each of them operates in isolation, limited by language, regulation and go-to-market complexity.
On many of these segments, they compete against the same American platforms — companies that don't necessarily build better products, but operate at a fundamentally different scale. A single US player can amortize its R&D investment across a $300M+ ARR base, while its European competitors each spend separately to solve the same technical challenges with a fraction of the resources.
The result is a structural scale disadvantage. European companies under-invest in R&D relative to their American counterparts — not because they lack ambition, but because their revenue base is too narrow to fund it. The gap compounds every year.
We believe the answer is building across borders. When you combine two or three European leaders on the same vertical, you pool R&D resources, eliminate redundant spending, and create a platform with the scale to compete globally. Better allocation of resources. Stronger product. Faster roadmap.
This is the thesis behind every transaction we advise: turning fragmented European verticals into platforms that can match American scale — while keeping the founding vision and value creation in Europe.
01
THE AMBITION RESET
Restructured. Profitable. Growing steadily. And stuck.
The business survived a difficult period and came out healthier. But organic growth alone won't fund the European ambition. And the current cap table no longer has the appetite to get there.
A venture-backed buyout is the capital structure built exactly for this moment — not an exit, but the means to finally go after what you originally built this for.
02
THE MISALIGNED CAP TABLE
Everyone wants out. Just not at the same time, and not for the same reasons.
The VC needs liquidity. The co-founder wants to move on. The founder wants to keep building — and knows that selling at the wrong moment means leaving the real upside on the table. The assumption is that someone has to lose.
A venture-backed buyout isn't a negotiation over price. It's a deal structure designed to give everyone what they actually need — without the founder's future being the variable that gets compressed.
03
THE WOULD-BE CONSOLIDATOR
The strategy is clear. The capital structure isn't.
The founder knows the market is fragmented. He knows consolidation is the path to European leadership. He's identified the targets. But VC doesn't fund acquisitions — and nobody is offering the right vehicle to execute.
A venture-backed buyout is the capital structure built to turn a consolidation thesis into reality.
Recognize your situation?
Let's explore what a venture-backed buyout could look like for you.
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