What Akmazo Capital does

Akmazo Capital is a Boston-based private equity firm that invests in and acquires B2B SaaS businesses. The firm operates with a small team (1–10 employees) led by co-founders and managing partners Jaime Ellertson, Yuan Cheng, and Imad Mouline, with Jason King serving as consulting CFO. Its disclosed portfolio spans three technology businesses: JRNI, an enterprise appointment scheduling SaaS company (invested 2022); Capture Higher Ed, a higher education technology company (acquired January 2024); and Fastr, a Boston-based AI-enhanced ecommerce platform with $9.1M in ARR and a $27.4M valuation (backed as of 2025). The firm's stated focus is building B2B SaaS businesses through acquisition and growth-stage investment.

Akmazo's business model is traditional private equity: the firm deploys capital to acquire or take significant equity positions in target companies and supports their growth with strategic and operational resources, realizing returns through eventual exit. There are no technology products, pricing models, or end-customer GTM motions at the firm level — Akmazo does not sell software or services to end users. Revenue mechanics are transaction-based, driven by portfolio equity value creation and (eventually) exits, supplemented by typical PE management fee economics on any fund vehicles. The firm does not disclose fund size, AUM, fee structure, or firm-level revenue in the available sources.

The geographic footprint is U.S.-only, anchored in Boston/Newton, Massachusetts, and the firm's operating markets are concentrated in North America. The portfolio is also U.S.-headquartered (JRNI and Fastr in Boston; Capture Higher Ed in higher education tech). Akmazo has no public listing, no parent company, and no disclosed subsidiaries beyond its portfolio investments.

Name

Akmazo Capital

Website

https://akmazocapital.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Boston-based private equity firm that invests in and acquires B2B SaaS businesses, including Capture Higher Ed (2024), JRNI (2022), and Fastr (AI-enhanced ecommerce), with returns generated through equity ownership and eventual exits.

Ownership category

akta.pro rank

Product category

Private Equity Investment

NAICS

All Other Financial Investment Activities (52399), Portfolio Management and Investment Advice (52394), Management of Companies and Enterprises (55111)

SIC

Investment Advice (6282), Investors, Nec (6799)

akta.pro primary industry

Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE)

akta.pro secondary industry

Corporate Finance & Capital Advisory (BPAHADAB)

Keywords

• Private equity
• B2B SaaS investing
• Growth capital
• Acquisition investing
• Portfolio management

Headquarters

HQ city

Newton

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Private Equity Returns: Generates returns through equity ownership in acquired and invested portfolio companies. The firm acquires controlling or significant stakes in companies and supports their growth, with returns realized through eventual sale or exit of portfolio companies.

Go-to-market motion1 record

Core offering

Akmazo Capital is a Boston-based private equity firm that acquires and invests in companies, with a focus on B2B SaaS businesses. The firm provides growth capital and strategic support to portfolio companies, holding controlling or significant equity stakes and supporting their expansion, with returns realized through eventual sale or exit.

Differentiator

Problem solved

Functional benefit

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves3 records

Expansion highlights4 records

Direct peers

• Bregal Sagemount: Growth-oriented PE firm investing in SaaS, tech-enabled services, and financial technology. Comparable in growth-equity positioning and software orientation to Akmazo.
• Mainsail Partners: Growth equity firm purpose-built around B2B SaaS, investing in lower-middle-market vertical and horizontal software companies. Direct thematic and operating-model overlap with Akmazo's SaaS-only mandate.
• PSG Equity: Middle-market growth equity firm focused exclusively on B2B software and SaaS businesses. Comparable in thesis, deal size, and recurring-revenue underwriting to Akmazo's portfolio strategy.
• Accel-KKR: Tech-focused PE firm investing in middle-market B2B software and SaaS companies. Closely comparable in sector focus and growth-equity orientation to Akmazo.
• Spectrum Equity: Growth equity firm investing in information services, internet, and SaaS businesses. Similar stage and thesis to Akmazo's B2B SaaS deals.
• JMI Equity: Growth equity firm focused on B2B software, internet, and services companies. Comparable stage, sector focus, and equity-check size to Akmazo's deals.
• Great Hill Partners: Private equity firm focused on high-growth software, digital commerce, and SaaS businesses. Closely comparable in sector mandate and growth-equity approach.

Broad incumbents

• Insight Partners: Large-scale growth/PE investor in software, internet, and data businesses. Overlaps with Akmazo in SaaS theme but operates at significantly larger fund and deal sizes.
• Thoma Bravo: One of the largest software-focused PE firms, taking control and growth stakes in B2B SaaS. Same vertical thesis as Akmazo but vastly larger scale and broader portfolio.
• Vista Equity Partners: Premier enterprise software PE sponsor. Operates in the same SaaS acquisition market as Akmazo but at multibillion-dollar scale and with extensive operating resources.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Akmazo Capital