SpringWater Launches as Entrepreneur-Led SaaS Acquirer, Announces First Acquisition of FirstPromoter
SpingWater, an entrepreneur-led investment firm focused on acquiring and scaling founder-led SaaS businesses, announced its official launch today. The firm is backed by bootstrapped entrepreneurs who have built global category leaders like Hostinger, WebPros, Contabo, as well as NordVPN, Oxylabs, nexos.ai (the Tesonet group).
SpringWater targets product-led SaaS businesses with €1–10M ARR that have the potential to become global category leaders. The firm invests long-term capital without forced exits, focusing instead on partnering with founders to preserve their legacy while unlocking new growth levers.
SpringWater was initiated by Arnas Stuopelis, Co-founder and Chairman of the Board at Hostinger, which is known for scaling from zero to more than €180M in revenue in 2024, serving 3.5+ million customers in 150+ countries, with sustained 60%+ annual growth, without raising any external capital.
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Originally published on 4 Sep
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Estonia opened the first Business Hub in U.S. Located at the Embassy of Estonia in Washington, D.C., the Business Hub will serve as a bridge between Estonian companies and the vast business opportunities in the U.S. market. A delegation of Estonian defence industry innovators was present at the opening event, also attending the annual AUSA conference.
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Originally published on 17 Oct