Buying today’s businesses.Building with tomorrow’s technology.

We partner with ambitious UK businesses, bringing investment, technology and operational expertise to help them realise what comes next.

SMEs are valued on profit. Technology companies are valued on potential.

We turn the first into the second, partnering with profitable UK businesses and rebuilding them around technology.

  1. 01AcquireProfitable UK SMEs with strong teams and solid foundations.
  2. 02TransformConsolidate the stack, automate operations and build proprietary software.
  3. 03ExitRe-rate onto a technology multiple and position for a premium exit.

The valuation gapis widening.

AI is re-rating what a business is worth. For profitable UK SMEs, the opportunity is not simply to adopt new tools, but to rebuild the business around better software, data and automation. Doing that well takes specialist capability, patient capital and hands-on delivery—resources most management teams were never built to carry alone.

UK&I software development
8.8×
upper observed EV / EBITDA
as little as 3.6×

at £200k EBITDA, across all sectors.

Dealsuite H1 2026
02
35%
The expertise gapcite it as the barrier
techUK

Trusted by industry leaders

AMABoxerFMSFusion FosteringLinks RecruitmentRothbridge Investments

Bridging the gap between SME and technology valuations.

The landscape is shifting. AI and automation are no longer optional. They're the difference between businesses that thrive and those left behind. Yet most SMEs lack the technical expertise or capital to make this transition alone.

We close that gap by blending software development with private equity, helping great businesses unlock the value that technology creates through acquisition or partnership.

See how we do it
  • smaller firms · 3.6–5.7×
  • Software observed high · 8.8×
Illustrative value trajectory with size and sector benchmarksAn illustrative technology transformation curve rises through Acquire, Systemise, Scale and Re-rate. UK and Ireland Software Development transactions reached 8.8× EV to EBITDA at the upper end of the observed range. Separately, companies with two hundred thousand to two million pounds of EBITDA averaged 3.6–5.7× across all sectors. These are reference points, not a forecast of an individual valuation.
8.8×UK&I Software Development observed high. Smaller firms ranged from 3.6–5.7× at £200k–£2m EBITDA across all sectors.
  1. AcquireBegin with a profitable SME and durable customer demand.
  2. SystemiseConsolidate tools and turn repeatable operations into software.
  3. ScaleUse automation and proprietary technology to expand efficiently.
  4. Re-ratePosition the company as a tech-enabled platform with more potential.

Sector and size benchmarks are separate; actual valuations vary. Dealsuite H1 2026

Transformation headroomHigh

Fragmented systems → proprietary technology

£1m+Revenue
10–50People
UKEstablished
CapitalTechnologyOperations

What we’relooking for.

  • Profile

    Established UK SMEs with dedicated teams and solid foundations in place, typically 10–50 people.

  • Scale

    Profitable businesses generating over £1m in revenue, with an established market position.

  • Opportunity

    Operations constrained by fragmented technology, where our expertise can make a real difference to value.

  • Approach

    Hands-on partnership across technology, operations and strategy, whether you're planning succession, scaling, or an eventual exit.

A systematic approach to value creation.

XGX buys profitable UK businesses and works alongside their teams to modernise the way they run. We replace fragmented processes with purpose-built software and practical automation, creating companies that are simpler to operate, easier to scale and more valuable over time.

  1. 01
    Phase 01

    Assessment & Strategy

    Comprehensive evaluation of operational efficiency, technology infrastructure, and market positioning to identify transformation opportunities.

    • Operational audit
    • Technology stack review
    • Market positioning
  2. 02
    Phase 02

    Investment & Integration

    Strategic capital deployment combined with operational integration, aligning incentives and establishing governance frameworks.

    • Capital deployment
    • Aligned incentives
    • Governance framework
  3. 03
    Phase 03

    Transform & Scale

    Custom software development and systemisation to consolidate fragmented tools, automate operations, and build proprietary technology assets.

    • Stack consolidation
    • Operational automation
    • Proprietary software
  4. 04
    Phase 04

    Position & Exit

    Strategic positioning for acquisition, preparing comprehensive documentation, and managing buyer relationships to achieve premium valuations.

    • Exit positioning
    • Buyer relationships
    • Premium valuation

Our portfolio

01Internal AI development

XGX.ai

Our in-house AI laboratory developing proprietary tools and intelligent automation systems. XGX.ai powers the technology stack across our portfolio, building custom AI solutions that drive operational transformation at scale.

The companies that thrive in the next decade won't just use AI. They'll be rebuilt around it.Gregg Curtis, Founder, XGX Ventures & XGX.ai

8 companies. One methodology, refined from one to the next.

Building something similar? Let's talk

Built something remarkable?Let's take it further.

hello@xgxventures.com · UK & Dubai