Curious, a new Seattle investment firm that looks to buy software startups with limited funding options, acquired Convox, a 10-year-old infrastructure company that helps developers deploy and scale applications.
- Founded in 2014 by former Heroku engineers, Convox participated in the Y Combinator accelerator and went through multiple ownership changes.
- This is the first acquisition from Curious, which raised $16 million last year and is led by former Bitly CMO Andrew Dumont.
- Curious targets 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.
- “This is a great case study and example of the work we love to do,” Dumont wrote on LinkedIn. “Taking a brand that had largely been forgotten or a cap table that may not believe in the long-term potential of the business, and working to reset that business with fresh eyes and frameworks for the future.”