What Enduring Ventures does

Enduring Ventures is a privately held long-term holding company founded in 2019 by Xavier Helgesen and Sieva Kozinsky in San Francisco, operating explicitly on a Berkshire Hathaway-inspired model of acquiring lower-middle-market businesses in difficult situations and holding them indefinitely rather than exiting within typical private equity timelines of 3-5 years. The company targets businesses with $20M-$750M in revenue across diverse verticals including software/SaaS (Scribe Media, Refersion, UpCounsel, Abstract, YR), home services (Dolphin Pools, Snowball, Diamond Back), hospitality (Enduring Real Estate, AtMine, Enduring Hospitality Group), broadband (Rango Broadband), publishing (Scribe Media), climate (EcoSafi, Enduring Planet), and consumer services (Big Island Motorcycle Company, Influencer Marketing Hub). Portfolio companies operate independently under their own brands with dedicated CEO-level leadership holding equity alongside Enduring Ventures as majority shareholder.

The company generates returns through dividends and cash distributions from its cash-flow-positive portfolio companies, recycling capital from profitable businesses to fund new acquisitions without diluting shareholders, plus long-term capital appreciation. By 2022, the portfolio of operating companies generated $95 million in annual revenue; the portfolio has since expanded to 25+ companies employing hundreds of people globally. Go-to-market is primarily proprietary deal sourcing through a scout network of over 500 founders, investors, lawyers, and advisors earning finder's fees of 1% of equity check (up to $250k), combined with direct outreach to distressed sellers, VC fallen angels, lenders seeking exits, and corporations divesting non-core assets. The company operates offices in New York, San Francisco, and Los Angeles with a lean central team of approximately 14 people overseeing the portfolio.

The company raised its first and only disclosed equity round in early 2020, with a follow-on oversubscribed round in 2022 at a 400% higher share price. Recent strategic activity includes three announced acquisitions in late 2025 / early 2026: McCain South Africa's vegetable manufacturing operations, Dentsu/Merkle's Salesforce implementation business in Australia and New Zealand (approximately 130 staff), and Skillsoft's Global Knowledge instructor-led training business for $20 million. The company has no AI/ML capability at the holding level; technology assets are distributed across portfolio companies.

Name

Enduring Ventures

Legal name

Enduring Ventures Inc.

Website

https://enduring.ventures

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Enduring Ventures is a private long-term holding company founded in 2019 that acquires lower-middle-market businesses in difficult situations ($20M-$750M revenue) and holds them indefinitely, operating 25+ portfolio companies across software, home services, hospitality, broadband, and climate sectors.

Ownership category

akta.pro rank

Product category

Permanent Capital Holding Company

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Vehicles (52599)

SIC

Investment Advice (6282)

akta.pro primary industry

Venture Capital Fund-of-Funds / Multi-Manager Platforms (FSANAAAJ)

Keywords

• Lower middle market acquisitions
• Permanent capital holding
• Business turnaround operations
• Long-term business ownership
• Special situations investing

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Dividends and Distributions from Portfolio Companies: As a holding company, Enduring Ventures generates returns through dividends and cash distributions from its portfolio of cash-flow positive companies. They recycle capital from existing profitable businesses to fund new acquisitions without diluting shareholders.
2. Acquisition and Turnaround of Distressed Companies: The company acquires underperforming or distressed businesses at favorable prices, restructures them operationally, and returns them to profitability. Value is created through operational improvements and long-term holding.
3. Capital Gains on Portfolio Companies: Long-term appreciation in the value of portfolio companies. The 2021 shareholder letter noted shares went up 400% in 24 months. The company operates a liquidity window model similar to SpaceX for shareholder liquidity.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Enduring Ventures is a long-term holding company that acquires and permanently owns small-to-medium businesses, primarily in the lower middle market with $20 million to $750 million in revenue. Modeled after Berkshire Hathaway, the firm buys companies in difficult situations — distressed operators, VC fallen angels, lender issues, and corporate divestitures — and holds them indefinitely rather than exiting on a 3–5 year private equity timeline. It operates more than 25 portfolio companies across software, home services, hospitality, broadband, climate, and publishing, and offers business sellers a permanent home, rapid closings (often under 30 days), and access to a network of CEOs and operational support.

Product overview

Enduring Ventures is a long-term holding company (inspired by Berkshire Hathaway) that acquires and operates a diversified portfolio of businesses across software/SaaS, home services, hospitality, retail, broadband, and climate sectors. Rather than a single unified product, the company's offering is its portfolio of over 25 acquired and operated companies — spanning professional publishing (Scribe Media), affiliate marketing (Refersion), legal services (UpCounsel), design collaboration (Abstract), remote recruiting (Somewhere), hotel management (AtMine), HVAC/plumbing services (Snowball, Diamond Back), broadband (Rango Broadband), hotel real estate (Enduring Real Estate), clean cooking utilities (EcoSafi), climate finance (Enduring Planet), and numerous other verticals. Each company operates under its own brand with dedicated leadership, while the parent company provides capital, strategic oversight, and operational support from its lean central team. The company targets lower-middle market businesses in special situations (distressed, VC fallbacks, corporate divestitures) with revenues between $20M–$750M, acquiring majority stakes (51%–100%) and holding them indefinitely rather than flipping.

Differentiator

Problem solved

Functional benefit

Products and services

• Scribe Media Professional publishing company offering ghostwriting, editing, and book production services; has worked with over 2,000 authors including 24 New York Times and Wall Street Journal Bestsellers such as David Goggins and Nassim Nicholas Taleb.
• Refersion Affiliate and influencer marketing platform that helps merchants connect with consumers and scale marketing through partner networks.
• Somewhere International recruiting service that helps companies hire remote talent abroad at significantly reduced salaries, handling candidate sourcing, filtering, and hiring support.
• UpCounsel Marketplace for business legal services connecting companies with independent attorneys at a fraction of the cost of traditional law firms, operating on a subscription model.
• Abstract File-based design collaboration platform supporting version control, workflow improvement, and team collaboration for design teams.
• Dolphin Pools Top-four pool builder in Arizona offering new pool construction, high-end builds, and remodeling services; operated as a family business for nearly 40 years before acquisition.
• EcoSafi Clean cooking utility providing sustainable cooking fuel (Ecomoto) and efficient cooktops across Kenya and Uganda, displacing charcoal and propane use.
• Ed Mehlman & Associates Full-service recovery auditing firm using algorithmic software to detect over 325 billing anomalies in retail and grocery accounts payable, recovering millions for Fortune 1000 clients.
• Enduring Planet Non-dilutive climate tech financing platform offering grant advances and CFO-as-a-Service to climate entrepreneurs, providing capital without equity dilution.
• Enduring Real Estate Long-term hold platform for independent hotels in supply-constrained, growing leisure markets, acquiring and operating properties of up to 125 keys.
• Rango Broadband Rural wireless internet service provider delivering high-speed broadband to semi-urban and rural markets through point-to-point wireless technology, operating four subsidiaries.
• Snowball Long-term holding company acquiring, modernizing, and growing HVAC and plumbing businesses across the United States, operating five subsidiaries.
• YR Enterprise software platform for customized apparel retail, providing interactive retail customization tools for major brands such as Ralph Lauren, Luxottica, Hugo Boss, and Louis Vuitton.
• Jyve Technology-driven marketplace connecting businesses with skilled workers (Jyvers) to execute in-store tasks and retail activities, enhancing operations for brands and retailers.
• Varis Technology-enabled business network forming durable partnerships with buyers and sellers to level the playing field for businesses of all sizes and backgrounds.
• AtMine Hotel management platform focused on operational efficiency and profitability, offering tools for hoteliers to achieve streamlined hospitality operations.
• Diamond Back HVAC and refrigeration service provider offering complete cooling, heating, and electrical services to residential and commercial customers in Texas counties.
• Arising Ventures Holding company dedicated to the turnaround and restructuring of venture-backed technology companies, focusing on sustainable growth and operational improvements.
• Big Island Motorcycle Company Motorcycle and beach gear rental company operating in Waikoloa on the Big Island of Hawaii, serving visitors since 2012.
• Influencer Marketing Hub Private media company based in Copenhagen, Denmark, producing how-to guides, courses, and research reports in the social media and influencer marketing industry, serving over 5 million monthly unique users.
• UpOrder Platform supporting independent brands with ordering capabilities.

Quantifiable outcome

• Shares increased 400% in 24 months (2020-2021)
• +3 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered core.

• Eric JorgensoncoreOthers · 1 July 2023Eric Jorgenson, a good friend of Enduring Ventures founders and a successful author with Scribe Media, introduced them to Scribe's failing finances. He later became CEO of Scribe Media after acquisition, bringing startup experience, large online presence, amazing network, and author credentials.
• Tim WilliamscoreOthers · 1 July 2023Founding CEO of YR (and ConfigureID) who stayed with the company after previous acquisition and was instrumental in the carveout to Enduring Ventures. Tim and much of the core team from YR (based in London) were excited to get back to running a lean, profitable company.
• Marley DominguezcoreOthers · 1 January 2023Marley Dominguez leads Enduring Hospitality Group, a real estate private equity group focused on hotel acquisitions. Launched in 2023 as one of three new platforms structured as entrepreneurial partnerships.
• Amir HabooshehcoreOthers · 1 January 2023Co-founder and leader of Snowball Industries (HVAC/Plumbing holding company). Described as 'one of the most genuine, hardworking, and high-integrity leaders out there' with genius for people management.
• MaartencoreOthers · 1 January 2023Former CEO of largest telecom in Haiti ($300M revenue business), became CEO of Rango Broadband. Skills managing highly distributed wireless network in developing country are a perfect match for challenges of deploying and scaling USA's first broadband-only wireless network.
• KJ EricksoncoreOthers · 1 March 2022KJ Erickson leads Arising Ventures, a subsidiary holding company dedicated to the turnaround and restructuring of venture-backed companies. Arising Ventures was launched in 2023 as one of three new platforms structured as entrepreneurial partnerships with talented capital allocators.
• Jeff MannocoreOthers · 1 January 2022President of Dolphin Pools since before acquisition. Described as 'the consummate hands-on leader' who 'drives to customers' homes to make things right and pores over every line in the budget.' The most valuable acquisition from the Dolphin deal.

Scale indicators9 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Searchlight Capital Partners: Searchlight is a global investment firm focused on special situations, mid-market control investments, and corporate divestitures, similar to Enduring Ventures' core deal types (VC fallen angels, lender issues, non-core divestitures). Both target complex lower-middle-market deals where traditional PE auction processes fall short.
• KKR & Co. KKR is a global alternative asset manager with significant private equity operations in the lower-middle-market segment, including complex carve-outs and special situations. It is a useful scale and capability benchmark for Enduring Ventures' ambitions in distressed and non-core-divestiture deal flow.
• Roper Technologies: Roper Technologies is a serial acquirer of niche software and engineered products businesses, holding them for the long term and emphasizing high recurring revenue and high gross margins. Its acquisition criteria (mission-critical, asset-light, high-margin) closely resemble Enduring Ventures' stated preference for 'easy to understand, high gross margin, recession-proof' businesses.
• Berkshire Hathaway: Berkshire Hathaway is the canonical permanent-capital holding company that Enduring Ventures explicitly models itself on, acquiring and operating a diversified portfolio of cash-flow businesses indefinitely. While vastly larger and more diversified, the underlying thesis (patient capital, decentralized operating model, focus on quality businesses in difficult situations) is the same.
• Vista Equity Partners: Vista Equity Partners is a leading software-focused private equity firm that acquires and operates technology businesses for the long term with a heavy operational-improvement orientation. Several of Enduring Ventures' portfolio companies (Abstract, YR, Refersion, UpCounsel) are software businesses that would fit Vista's mandate, making it a relevant large-scale comparable.

Direct peers

• Constellation Software: Constellation Software is a long-term acquirer of vertical-market software businesses, holding them indefinitely under a decentralized operating model that closely mirrors Enduring Ventures' philosophy. Both firms target mission-critical, cash-generative SMB software businesses and rely on permanent capital rather than fund-based PE structures.
• Patient Capital Management: Patient Capital Management is a long-duration holding company that invests patient capital in operating businesses, emphasizing permanent ownership and alignment with management. It is one of the most direct philosophical comparables to Enduring Ventures' 'hold forever' model, even if its scale and acquisition pace differ.

Others

• Arising Ventures (internal platform): Arising Ventures is Enduring Ventures' own dedicated turnaround platform for venture-backed technology companies, led by KJ Erickson. Included here as a structural reference; externally it functions like a mini-Acacia Research or Brii Biosciences, but capital comes from inside Enduring.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/enduringventures

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries23 records

Funding overview

Funding rounds1 record

Investors1 record

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

M&A4 records

Investments1 record

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

Frequently asked questions about Enduring Ventures