Curious, a new Seattle-based investment firm, recently made its first acquisition by purchasing Convox, a 10-year-old infrastructure company founded by former Heroku engineers in 2014. Convox helps developers deploy and scale applications and had previously participated in the Y Combinator accelerator program. The acquisition by Curious marks the beginning of the firm’s strategy of buying software startups with limited funding options. Curious, which is led by former Bitly CMO Andrew Dumont, raised $16 million last year to invest in software companies producing annual recurring revenue between $500,000 to $5 million that are running out of cash or not meeting growth expectations for a future investment round.
Convox had gone through multiple ownership changes in its 10-year history before being acquired by Curious. Dumont expressed excitement about the acquisition, describing it as a great case study of the work that Curious loves to do. He mentioned the opportunity to take a brand that had largely been forgotten or a cap table that may not believe in the long-term potential of the business and work to reset that business with fresh eyes and frameworks for the future. This approach aligns with Curious’s mission of providing support and resources to software startups in need of financial assistance and strategic guidance to help them reach their full potential. With their acquisition of Convox, Curious is set to bring new life and opportunities to the infrastructure company.
The acquisition of Convox by Curious signifies a significant step for the investment firm as it looks to expand its portfolio and make a positive impact on the software industry. By targeting software companies with limited funding options and potential for growth, Curious aims to provide the necessary resources and support to help these businesses succeed. With a focus on companies producing annual recurring revenue within a specific range, Curious is strategically positioning itself to invest in startups that are in need of financial assistance and strategic guidance to achieve their growth objectives. This approach allows Curious to leverage its expertise and resources to help software startups overcome challenges and reach their full potential.
Curious’s acquisition of Convox highlights the firm’s commitment to supporting software startups in need of financial assistance and strategic guidance to thrive in a competitive market. By acquiring Convox, a well-established infrastructure company with a history of ownership changes, Curious is demonstrating its ability to identify opportunities where it can make a significant impact. The acquisition provides Convox with a fresh start and access to the resources and expertise offered by Curious, enabling the infrastructure company to accelerate its growth and expand its reach in the software industry. This acquisition serves as a testament to Curious’s dedication to investing in software startups with the potential for success and providing them with the support they need to succeed.
Curious’s acquisition of Convox is a strategic move that aligns with the firm’s mission to invest in software startups with limited funding options and potential for growth. By acquiring Convox, Curious is not only expanding its portfolio but also providing the infrastructure company with the resources and support needed to thrive in a competitive market. The acquisition represents an opportunity for Convox to reset its business with fresh eyes and frameworks for the future, enabling the company to overcome past challenges and position itself for long-term success. With the expertise and guidance provided by Curious, Convox has the potential to reach new heights and establish itself as a leader in the software industry, showcasing the positive impact that strategic investments can have on startups in need of support and assistance.
In conclusion, Curious’s acquisition of Convox marks a significant milestone for both companies as they embark on a new chapter of growth and development in the software industry. By investing in software startups with limited funding options and potential for growth, Curious is demonstrating its commitment to supporting emerging businesses and providing them with the resources and expertise needed to succeed. The acquisition of Convox exemplifies Curious’s mission to invest in companies that show promise and offer strategic guidance to help them overcome challenges and achieve their growth objectives. With the acquisition of Convox, Curious is well-positioned to make a positive impact on the software industry and help companies like Convox reach their full potential.
