SaaS Aggregators & Acquirers
Online retailers are increasingly benefitting from the development of ever more sophisticated tools to help them optimise everything from advertising to inventory management. Suites of software tools have been developed which provide automation and deep insights to help sellers optimize their performance.
SaaS Aggregators have emerged in recent years with the aim of bringing different SaaS solutions all under one umbrella. The goal is to offer a full suite of tools for brand builders, serving as a one-stop shop for all their software needs.
On this page you’ll find an up-to-date list of e-commerce SaaS aggregators.
Interested in getting a valuation for your e-com SaaS business?
Profiles of the Top e-Com SaaS Aggregators
There are thousands of acquirers of SaaS businesses globally. This is a list of the top SaaS aggregators form whom e-commerce SaaS tools are either the primary focus or a key sector of interest.
AnyMind Group
Overview
Anymind Group is a technology company that provides an end-to-end commerce enablement platform. It offers data and tools across key business functions, such as e-commerce, logistics, payment, marketing, communications, analytics, and more. The company was founded in 2016 and is based in Tokyo, Japan, with offices around the world.
Portfolio
AnyChat: conversational commerce platform to improve customer experience
AnyCreator: creator growth web and app platform for content creators and influencers to discover brand collaborations and gain insights into social media analytics
AnyDigital: digital media platform for integrated management of online and offline marketing
AnyFactory: cloud manufacturing platform for connecting sellers with suppliers
AnyLogi: logistics management platform for D2C and e-commerce brands
AnyManager: media growth platform providing media and e-commerce support
AnyShop: development and support services for building new sites and launching new stores
AnyTag: influencer marketing and social media marketing platform
AnyX: software to streamline management, optimization, and tracking across e-commerce and D2C channels into a single platform
Funding
Equity: SpaceShower Networks, Japan Post Capital, LYFT Japan, Mirai Creation Fund, JIC Venture Growth Investments, Nomura SPARX, Japan Post Investment, Mitsubishi UFJ Capital, Proto Ventures
Debt: Mizuho Bank
Total funding amount: $112.7m
AppHub
Overview
AppHub offers a suite of software solutions for online retailers. The Boston-based company was founded in 2021 and currently has a portfolio of over 25 apps across a wide range of categories. It recently raised $60m in a Series A fundraising round in April 2022, led by Silversmith Capital Partners.
Portfolio
Appikon: suite of Shopify apps aimed at increasing customer engagement
Conversion Bear: upselling app for Shopify to increase cart value
Nextsale: marketing tools and analytics to increase conversion rate
OrderBump: in checkout and post-purchase upsell app
REVIEWS.io: tool for collecting text, video, and photo reviews from customers to increase conversion
Rich Returns: automation of customer returns and exchanges
RoboTurk: address validator for Shopify sellersViralSweep: viral marketing platform to grow email & SMS lists
Funding
Equity: Silversmith Capital Partners
Debt: undisclosed
Total capital raised: $155m
Ascential Plc
Overview
Ascential delivers specialist information, analytics and e-commerce optimization to consumer brands. Its focuses on helping brands optimize their digital commerce, maximise marketing impact and create the right products. Ascential is headquartered in London, with offices around the world.
Portfolio
Edge: provides data insights, retail forecasting, and advisory solutions
Flywheel: provides managed services for search and display across different digital commerce platforms
IntelliBrand: suite of solutions to increase brand performance in online retail, including retail analytics, content creation, and sales data
OneSpace: curates product content strategies across different e-commerce platforms
Perpetua: e-commerce advertising optimization and intelligence software solutions
Spotlight: proprietary bidding & SKU management technology
WhyteSpyder: solutions for Walmart sellers including content creation, analytical insights, and search optimization services
Yimian: provides artificial intelligence and data analytics solutions
Funding
Equity: Publicly listed on the London Stock Exchange
Debt: Undisclosed
Total capital raised: $115m raised at IPO
Assembly
Overview
Assembly is a California-based e-commerce software and data platform founded in 2019. The company offers a suite of solutions to help online retailers optimize and track marketplace performance, social performance, and other performance analytics as well as resources in the form of market insights, content and education.
Portfolio
Helium 10: data-driven e-commerce software for Amazon FBA & Walmart sellers
OrderMetrics: e-commerce analytics solution
Refersion: affiliate marketing and tracking software
Prestozon: advertising solution for bid automation and focused analytics for Amazon PPC ads
Pacvue: enterprise software suite for e-commerce advertising, sales, and intelligence
PipeCandy: market intelligence platform
Funding:
Equity: Advent International, Providence Strategic Growth (PSG)
Debt: Undisclosed
Total capital raised: Undisclosed
Balio
Overview
Balio is a sector-agnostic software acquisition firm with a goal to acquire, operate and sustainable scale their portfolio companies. Since inception in 2022, it has acquired 4 companies so far.
Portfolio
Unnamed SaaS business focused on revolutionising guest engagement for independent and boutique hotels
Unnamed SaaS business focused transforming how enterprises handle product communications via AI
Unnamed SaaS business focused on empowering hotels with revenue management software
Unnamed SaaS business focused on providing grant and loan reporting management software to government departments in North America
Funding
Undisclosed
Carbon6
Overview
Carbon6 provides a software suite to help online entrepreneurs streamline operations and improve profitability. The company looks to continue expanding its suite of online tools to help sellers grow their global presence to support more international marketplaces. Carbon6 is based in Toronto, Canada.
Portfolio
AMZAlert: protects sellers from listing threats with 24/7/365 monitoring
ManageByStats: integrated, data-powered software suite to help sellers optimize their business
PixelMe: simplies the process of running off-Amazon traffic to listings
PPC Entourage: optimizes PPC campaigns with automation
PrettyMerch: free Chrome extension for Merch on Demand sellers
ScanUnlimited: enables users to search wholesale product lists to find profitable, fast-selling products on Amazon
Seller Investigators: simplifies the process to recoup Amazon reimbursements
SellerTools: full suite of Amazon automation and research tools
SoStocked.com: inventory management software for Amazon sellers (Jul 20, 2022)
WallySmarter: an all-in-one data management platform for Walmart.com sellers (Feb 9, 2023)
ZonTools: automates PPC campaigns
Funding
Equity: White Star Capital, Kale Investment Fund, Benevolent Capital, MidCap Financial
Debt: MidCap Financial (managed by Apollo Capital Management, L.P.)
Total capital raised: $81.9m
Cart.com
Overview
Cart.com is a Texas based company focused on e-commerce software and services. The company provides a proprietary e-commerce platform and multi-channel management software, fulfillment services, marketing services, customer service, and e-commerce analytics software. Cart.com is focused on continuing its strategy of acquiring top providers from across the e-commerce value chain to deliver an end-to-end solution to its customers.
Portfolio
180Commerce: Amazon brand management and sales technology
AmeriCommerce: cloud-based e-commerce store software platform and shopping cart solutions provider
DataFeedWatch: pay-per-click bid management services for online marketing
FB Flurry: tech-driven DTC & B2B fulfillment and customer care provider
SellerActive: provider of SaaS multi-channel e-commerce tools
The DuMont Project: direct-to-consumer advertising and marketing consultancy services
Funding
Equity: Legacy Knight, City Ventures, Visa, and other Fortune 100 brands
Debt: JP Morgan, TriplePoint Capital
Total capital raised: $443m
LTV SaaS Fund
Overview
LTV SaaS Fund is a US investment management fund primarily focused on SaaS and software investments in privately held businesses. It investment mandate covers a broad range of categories but the core focus are SaaS businesses and recurring marketplace apps. It currently operates 4 global funds with $100m in assets under management, and holds 11 active investments. Funds V and VI both focus on Shopify apps and were launched in 2018 and 2019 respectively. Launched in 2021, Fund VII focuses on B2B SaaS Businesses. The LTV SaaS Growth VIII fund was launched last year and focuses on B2B SaaS businesses in the fintech and payment processing space.
Portfolio
Advertising Optimization Shopify App: advertising optimization app aimed at improving advertising ROI for Shopify entrepreneurs
Amazon Analytics SaaS: Amazon analytics SaaS monitoring tool for brand builders
Conversion Rate Optimization Shopify Apps: portfolio of Shopify apps to improve conversion and sales
EduTech SaaS: Plagiarism detection software for B2B and B2C users
Newor Media: programmatic header bidding software for digital content publishers
Product Variations Shopify App: Shopify app in the product variations niche aimed at helping Shopify retailers to drive sales and increase conversions
ThriveCart: B2B digital checkout cart provider
Txt2Give: digital donation platform
Upselling Shopify App: Shopify app offering upselling & cross-selling tools
Funding
$100m AUM
Pantastic
Overview
Pantastic offers a consolidated suite of services and technology to help e-commerce entrepreneurs scale. It focuses on acquiring sub-scale Shopify apps and rolling them together. The business was launched in 2020 and has announced several Shopify app acquisitions.
Portfolio
CartHook: enables online retailers to make one-click post-purchase offers to shoppers
LimeSpot: personalized shopping experiences and customized merchandising solutions
Shoppe: D2C network built for indie brands
Uporder (formerly Spently): provides email templates for Shopify retailers
Funding
Equity: B Capital Group
Debt: Commerce Ventures
Total capital raised: $18m
Relay Commerce
Overview
Relay Commerce is an e-commerce software holding company that acquires and operates e-commerce SaaS businesses. It currently operates 3 software brands and is actively looking for more e-commerce software tools to add to its portfolio. The company was founded in 2021 and is based in New York.
Portfolio
Fomo: automated social proof app to monitor customer interactions in real-time
SalesPop: pop-up templates to increase conversions
SmartrMail: email marketing tool for e-commerce sellers
Funding
Equity: Primary Venture Partners, AlleyCorp, Max Ventures, Twelve Below
Debt: TriplePoint Capital
Total capital raised: $27m
saas.group
Overview
saas.group was founded in 2017 and looks to acquire small-to-medium sized SaaS businesses with product-led growth. It is headquartered in Las Vegas and has offices in Germany and France. The company has a portfolio of brands across a range of functions including SEO, CRM, and human resources management. In addition, it has made angel / VC investments into a number of SaaS products, including CarbonCloud, waydev, ContractBook, sastrix, and zenloop.
Portfolio
Crosstalent: human resources management software
Deploybot: manual and automatic code deployment tool
Keyword: keyword rank tracking and competitor insights
MyWorks: integration software between QuickBooks and WooCommerce
Pipeline CRM: platform for managing sales pipelines
Prerender: enables search engines to crawl JS website
Rewardful: affiliate and referral tool
Seobility: suite of SEO software and tools
snip.ly: tool for shortening links and overlay custom messages on content
Tower: Git client for Mac and Windows
Funding
Undisclosed
Shop Circle
Overview
Shop Circle is a London-based technology company that acquires and grows e-commerce software, founded in 2021. The company has 15 different categories of software and has acquired 6 apps to-date.
Portfolio
Bold Loyalty Points: tool to create customized loyalty and reward programs to increase customer engagement
Bold Product Options: deep customization of product options with build-in upsell and cross-sell functionality
Bold Sales Motivator: interactive, geo-targeted sales motivator bar with interactive promotional campaigns
Bold Store Locator Map: interactive store locator map with real-time driving directions
SC Conjured Referrals: tool to create fully automated referral programs to increase customer loyalty
SC Customer Tagging: smart segmentation using auto tags for customers
SC Order Tags & Flows: automate order tags & flows to streamline fulfilment
SC Shipping Rates Calculator: shipping calculator with geolocation to automatically show shipping rates and delivery estimates
SC Video Background: enables sellers to add videos as backgrounds in their storefronts for an immersive experience
Sky Pilot: enables e-commerce sellers to send digital files and videos to customers automatically after they make a purchase
Funding
Equity: NFX, QED Investors, 645 Ventures, and Firstminute Capital
Debt: TriplePoint Capital
Total capital raised: $185m
Skeepers
Overview
Skeepers offers 6 modular SaaS solutions to help brands build strong customer relationships through increasing brand awareness and visibility, generating conversions, and increasing customer engagement. The group’s solutions cover different stages of the customer experience cycle, including customer reviews, influencer marketing, video content, live shopping, feedback analysis, customer journey management until marketing campaigns activation. The company was originally founded in 2012 and is headquartered in France.
Portfolio
Customer Data Activation Solution: SaaS one-to-one marketing platform for analysing customer data
Customer Videos Platform: automated solution for collecting, creating, and sharing consumer videos on a single platform
Feedback Management Platform: tool for collecting customer feedback through smart surveys
Influencer Marketing Platform: influencer and review platform to manage campaigns
Live Shopping Platform: live streaming of shopping parties with influencers, ambassadors, and hosts
Verified Reviews Platform: platform for collecting online branded consumer reviews
Funding
Equity: Providence Strategic Growth, M Netangels, M Capital Partners
Debt: Undisclosed
Total capital raised: €100m
Staytuned
Overview
Staytuned offers a suite of tools for e-commerce brands to accelerate growth, with specific focus on the Shopify platform. Since 2022, the business has made 6 acquisitions and looks to continue expanding upon its portfolio of apps, which are aimed to helps Shopify sellers increase revenue and improve conversions. The company was founded in 2019 and is based in New York.
Portfolio
ADG: discounting app offered tiered discounts and gift promotions
Box Builder: tool to build product bundles and gift boxes to increase average order values
Evey: event toolkit for organizing and managing events directly within Shopify stores
Kiwi: size chart and size recommender app for Shopify stores to increase conversions and reduce returns & refunds
Funding
Equity: Bowery Capital, FJ Labs, Hawke Ventures, Brand Foundry Ventures, RiverPark Ventures, Liquid 2 Ventures, Courtside Ventures, Grape Arbor VC, Social Leverage, and HIVE Ventures
Debt: Undisclosed
Total capital raised: $50m
SureSwift Capital
Overview
SureSwift Capital was founded in 2015 and operates a portfolio of SaaS businesses. It acquires SaaS businesses from independent founders and helps them scale. The company has completed over 40 acquisitions to date.
Portfolio
Back in Stock: customer notification solution to let customers know when products are back in stock
ChargeStripe: mobile payment app for the Stripe platform
Cross Sell: enables Shopify store owners to tailor product recommendations on a per product basis
Docparser: data extraction tool for Word, PDF and image files to Excel, Google Sheets and other formats
Ghost Inspector: end-to-end testing solution for websites and web-based apps
GrowthHero: affiliate marketing SaaS
Jell: collaboration tool for technical teams by integrations with popular platforms such as Slack and Microsoft Teams
LeadDyno: affiliate marketing app with integrations for Shopify, Wix, BigCommerce, Stripe, PayPal, and more
Mailparser: data extraction tool from emails to automate business and admin tasks
MeetEdgar: social media automaton app
MySiteAuditor: SEO lead generation software
Paydirt: online time tracking and invoicing tool for freelancers
Plus In Useful: SEO and speed optimization software for Shopify store owners
Simple PO: Shopify app that allows store owners to automate purchase orders and inventory stocking
Storemapper: customizable store locator app
Taster’s Club: craft spirits subscription business
Tradervue: onlne trade journaling software
Vitay: reference checking automation software
Wingman: performance tracking software for traders
Funding
Undisclosed
Threecolts
Overview
Threecolts provides a comprehensive cloud business suite for Amazon businesses. It offers 39 solutions across 9 different products to help customers optimize financial operations, manage revenue growth, and enhance customer service, as well as data & visualization tools and reseller tools. Threecolts is headquartered in London and has an additional office in New York.
Portfolio
Bindwise: real-time listing & inventory alerts
ChannelReply: multi-channel customer service integration
CR Feedback: ebay seller feedback automation
DimeTyd: automated, logic-based engine to recoup profit leakage based on Amazon accounting errors (Feb 14, 2023)
EnterpriseAPI: raw data source for 3P monitoring
FeeProtector: monitor FBA fees
FeedbackWhiz: email and review automation tool for Amazon sellers (Aug 10, 2022)
FW Profit Analytics: provides product-level profit data
PrinceletSQL: analytics & dashboarding solution
RefundSniper: vendor central profit recovery
SellerBench: seller central profit recovery
SmartRepricer: automated pricing
SellerRunning: cross-border arbitrage & dropship solution
TacticalAdvantage: price scans for arbitrage & wholesale
ScoutIQ: search profitable books to sell on Amazon
Funding
Equity: Undisclosed
Debt: Crossbeam Venture Partners
Total capital raised: Undisclosed
Tiny Capital
Overview
Tiny Capital is a Vancouver-based holding company that builds, buys, and invests in technology businesses. It has founded 11 companies since it was launched in 2007 and currently has 35 majority owned companies and over 90 minority investments. It has recently signed a definitive agreement to combine with WeCommerce, in a deal expected to close in April 2023.
Portfolio
Creative Market: marketplace for design ideas
Dribble: platform for designers and agencies to share their portfolio work
Kno: customer survey tools for sellers to gain buyer insight
Pixel Union: provides customizable Shopify themes
Stamped: reviews and loyalty platform for e-commerce
SuppleApps: customized apps built to work with Shopify
Yopify: e-commerce apps to boost sales, increase conversions, and provide better customer service
Z1 Digital Studio: digital product studio helping sellers launch new products
Funding
Undisclosed
WeCommerce
Overview
WeCommerce was founded in 2019 and provides e-commerce enablement software to brand builders. It is publicly traded and currently listed on the TSX-V exchange. The business operates in three segments – Apps, Themes and Agency – which together offer a suite a solutions for Shopify retaikers. WeCommerce is focused on building, acquiring and investing in leading technology businesses operating in the Shopify partner ecosystem. It has recently signed a definitive agreement to combine with Tiny Capital, in a deal expected to close in April 2023.
Portfolio
Archetype Themes: designs, develops and markets premium Shopify themes
Foursixty: helps brands leverage user-generated content to better connect content and commerce
KnoCommerce: provides insight into customer behaviour and attribution data
Knit Agency: works with brands to deliver customized e-commerce experiences
Orbit Apps: provides solutions to helps e-commerce entrepreneurs increase average order values, power wholesale stores, attract shopper’s attention and build social trust with customers
Stamped: helps brands accelerate growth by enhancing user engagement, and improving customer satisfaction through reviews & ratings, loyalty and referral solutions
Funding
Equity: Tiny Capital, Table Holdings LP, Freemark Partners Holding Co. Llc (institutional shareholders with >10% holdings), public float on TSX-V.
Debt: Undisclosed
Total capital raised: $105.6m
Other SaaS Acquirers
In addition to the e-commerce specific SaaS aggregators mentioned in the list above, there are many other buyers of SaaS businesses, including strategic buyers, financial buyers, and individuals. Strategic buyers generally already operate in the same or closely related industry. They typically look for assets that can be quickly integrated into their main operations, or opportunities where they can expand their existing product/market offering. Financial buyers include private equity, family offices, search funds and others. Financial buyers have specific investment criteria and look for assets that can match their targeted return on investment. Unlike strategic buyers, financial buyers usually have a limited investment horizon, and will look to exit within 5-7 years. Individual buyers are generally high net worth individuals who are looking to take control of the business and often have previous experience in operating similar businesses in the past and believe they can add value.
Having an advisor by your side that has detailed knowledge of what different buyers in the space are looking for is essential. Hahnbeck runs competitive sales processes involving a broad range of buyers in the space to make sure your business is marketed to the right acquirers.
Key SaaS Valuation Metrics
How much is my SaaS business worth? How much will buyers pay?
These are the questions every SaaS seller wants to know. Below, we provide a list of key metrics for your SaaS business that could impact the value of your business:
Churn – this is one of the most important metrics when it comes to valuing a SaaS business, as it can have significant impact on future cash flows. Churn is the percentage rate at which SaaS customers cancel their recurring revenue subscriptions. Customer churn calculated by dividing the number of lost customers over a specific time interval over the number of customers at the beginning of the same period. Similarly, revenue churn can be calculated by looking at the revenue impact from lost customers.
Customer Lifetime Value (LTV) – this is the total amount of money a customer is expected to spend with your business, or on your products, over the entire period of their relationship. LTV shows the worth of your average customer, which in turn, can impact the value of your business.
Customer Acquisition Cost (CAC) – this is the total cost a business has to spend to acquire new customers. This can include the cost of sales and marketing efforts, as well as property or equipment, needed to convince a customer to purchase the product or service.
LTV/CAC Ratio – for growing SaaS companies, the industry standard for this ratio is 3x or higher. Effectively, this compares the value of a new customer over its lifetime relatively to the cost of acquiring that customer. However, if the ratio is too high, then you’re likely restraining your growth by underspending and giving competitors an advantage.
Recurring revenue – the size of your business matters. Recurring revenue streams are highly valued by acquirers.
Beyond the metrics mentioned above, there are many other factors that could affect the valuation and how attractive your business is to potential acquirers.
Summary
Similar to the Amazon FBA aggregator model, SaaS aggregators look to bring several SaaS businesses under one umbrella, to offer customers a suite of services. This offers a chance for the owners of smaller SaaS businesses that would otherwise be overlooked by traditional SaaS buyers (private equity & strategics) a chance at an earlier exit. The market for SaaS aggregation is still in the early stages and there are only a small number of such aggregator firm in the market currently. Besides the “aggregators” there are many other acquirers of SaaS businesses. It is important to consider all of the potential buyers to achieve an optimal result.
If you own a SaaS business and would like to explore potential exit options, please get in touch with us at info@hahnbeck.com to see how Hahnbeck can support you through the process. Or click the button below to fill in a quick form to get started with a valuation.