Curious, a new Seattle-based investment firm focusing on acquiring software startups with limited funding options, recently acquired Convox, a 10-year-old infrastructure company specializing in helping developers deploy and scale applications. Convox, founded in 2014 by former Heroku engineers, had previously participated in the Y Combinator accelerator program and had gone through a series of ownership changes over the years.
Led by former Bitly CMO Andrew Dumont, Curious raised $16 million last year and is now making its first acquisition with Convox. The investment firm targets software companies with annual recurring revenue between $500,000 to $5 million that may be struggling financially or not meeting growth expectations for future investment rounds. This purchase of Convox represents Curious’ mission to provide fresh eyes and frameworks to businesses that may have been forgotten or overlooked by their current ownership.
Dumont expressed his excitement about the acquisition on LinkedIn, calling it a great case study of the type of work Curious aims to do. He highlighted the potential of taking a brand that has been forgotten or a company whose current ownership may not believe in its long-term potential and resetting it for a promising future. This acquisition allows Curious to showcase its expertise in reviving and repositioning software companies for success in the ever-evolving tech industry.
As a software startup themselves, Curious understands the challenges and opportunities faced by companies in this space and is leveraging its expertise to help businesses like Convox thrive. With a focus on companies with limited funding options, Curious provides a new lease on life for struggling startups that may have great potential but lack the necessary resources for growth and expansion. By acquiring Convox, Curious is positioning itself as a player in the software startup acquisition space and is looking to make a significant impact on the industry.
The acquisition of Convox by Curious underscores the importance of strategic and well-executed investments in software startups, particularly those with untapped potential. By acquiring a company like Convox that has a reputable history but may be facing challenges in growth and funding, Curious is demonstrating its commitment to identifying and nurturing promising businesses in the software space. This acquisition serves as a testament to Curious’ dedication to supporting and scaling software startups with limited resources and funding options.
Overall, the acquisition of Convox by Curious represents a significant milestone for both companies and highlights the value of strategic investments in software startups. With a focus on providing fresh perspectives and resources to struggling businesses in the tech industry, Curious is poised to make a lasting impact on the future of software startups. As the investment firm continues to grow and expand its portfolio, it is clear that Curious is dedicated to helping software companies reach their full potential and achieve success in a competitive market.
