Investment Criteria

We invest in ambitious services and technology companies where our operational and industry expertise can help accelerate value creation.

Early Stage Venture

  • —Reputable lead investor in place with terms set
  • —$1M+ of annual revenue (recurring or re-occurring) with at least 10+ customers and potential to reach $100M in annual revenue
  • —Demonstration of strong product/market fit and recurring, sticky product usage
  • —High barriers to entry and competitive moat
  • —SMB, mid-market, or enterprise customer base (we don’t invest in B2C companies)
  • —Software/AI-driven business model with high gross margins and rapid growth potential
  • —Strong founding team with full-time technical co-founder in place
  • —$1B+ (and growing) total addressable market
  • —24+ months of runway post-funding

Later Stage Venture / Private Equity

  • —Reputable lead investor in place with terms set
  • —$1B+ (and growing) total addressable market
  • —Software/AI-driven business model or services business model that can benefit from software/AI
  • —Low cyclicality
  • —$10M+ of annual revenues
  • —$1M+ of annual EBITDA
  • —5%+ organic revenue growth
  • —Fragmented market with opportunity for consolidation via M&A
Cloverdale Capital© 2026 Cloverdale Capital, LLC. All rights reserved.