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Spica Capital is a search fund founded by Ada Shelegova, dedicated to acquiring and operating a single business for the long term. Based in the United States, Spica Capital aims to assist business owners in achieving a successful exit while preserving their legacy and ensuring continuity for employees and customers. The firm focuses on businesses that are mission-critical and have significant market potential, specifically targeting sectors such as B2B services, professional services, tech-enabled services, and software. With a check size range of $1 million to $2 million, Spica Capital is well-positioned to invest in companies that have been profitable and possess a stable operating history of at least five years. The firm’s commitment to legacy preservation sets it apart in the search fund landscape, as it prioritizes the long-term health and sustainability of the businesses it acquires.
Spica Capital primarily invests in B2B services, professional services, tech-enabled services, and software. The firm seeks businesses that are mission-critical, have a large and growing serviceable market, and possess a loyal and diverse customer base. Spica Capital prefers companies that have been profitable, generating profits of $1.5 million or more, and those with an annual recurring revenue of $2.5 million or more. Their investment strategy emphasizes stability and growth, focusing on businesses with a stable operating history of at least five years. By concentrating on these sectors, Spica Capital aims to identify opportunities that not only promise financial returns but also contribute positively to the legacy of the businesses they acquire. This focus on profitability and market potential ensures that Spica Capital partners with companies that are well-positioned for long-term success.
Ada Shelegova - Founder of Spica Capital, Ada leads the firm with a focus on acquiring and operating mission-critical businesses. Her vision emphasizes legacy preservation and continuity for the companies they invest in.
Founders interested in pitching to Spica Capital should visit their website at spica-cap.com for more information. They welcome pitches that align with their investment focus on B2B services and tech-enabled businesses. It is advisable to present a clear business case that highlights profitability and market potential.
Spica Capital invests across various stages, including Friends and Family, Angel, Seed, Seed Plus, Series A, Series B, Series C, and Growth Equity. This broad investment stage range allows them to support businesses at different points in their growth journey.
The firm primarily focuses on B2B services, professional services, tech-enabled services, and software. They seek businesses that are mission-critical and have significant market potential, ensuring a strong foundation for investment.
Spica Capital typically invests between $1 million and $2 million in the companies they target. This check size is designed to provide sufficient capital for growth while aligning with their investment strategy.
Spica Capital focuses its investments within the United States. This geographic concentration allows them to leverage local market knowledge and build strong relationships with portfolio companies.
Founders interested in pitching to Spica Capital can do so through their website at spica-cap.com. They encourage potential partners to present businesses that align with their investment focus and criteria.
While specific details on portfolio support are not provided, Spica Capital emphasizes legacy preservation and continuity, suggesting that they work closely with acquired businesses to ensure a smooth transition and ongoing success.
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