{
  "asOf": "2026-09-14",
  "publicationSnapshot": true,
  "notLiveListings": true,
  "license": "Original annotations; third-party source rights remain with publishers. No unrestricted license to source pages is implied.",
  "deals": [
    {
      "id": "math",
      "name": "AI Math Helper",
      "price": 1000,
      "currency": "USD",
      "tier": "1k",
      "buyer": null,
      "businessType": "Mobile utility",
      "ecosystem": "Apple",
      "motives": [
        "headstart"
      ],
      "sources": [
        "micro",
        "mathcomp"
      ],
      "metrics": "$159 reported proceeds; period labels conflict.",
      "date": null,
      "dateLabel": "Closing date undisclosed",
      "published": null,
      "grade": "marketplace",
      "terms": "",
      "caveat": "Downloads are not paying customers. No clean recurring-revenue multiple.",
      "age": "Launched October 2024",
      "processDays": null,
      "rationale": "Buyer rationale not disclosed; classification is an analytical hypothesis, not a statement of buyer intent.",
      "rationaleBasis": "inferred",
      "priceBasis": "reported exit",
      "status": "closed"
    },
    {
      "id": "directory",
      "name": "Startup & SaaS directory",
      "price": 1700,
      "currency": "USD",
      "tier": "1k",
      "buyer": null,
      "businessType": "Directory / lead generation",
      "ecosystem": "Web",
      "motives": [
        "headstart",
        "distribution"
      ],
      "sources": [
        "micro"
      ],
      "metrics": "$470 reported annual revenue; closing date and buyer undisclosed.",
      "date": null,
      "dateLabel": "Closing date undisclosed",
      "published": null,
      "grade": "marketplace",
      "terms": "",
      "caveat": "",
      "age": null,
      "processDays": null,
      "rationale": "Buyer rationale not disclosed; classification is an analytical hypothesis, not a statement of buyer intent.",
      "rationaleBasis": "inferred",
      "priceBasis": "reported exit",
      "status": "closed"
    },
    {
      "id": "pet",
      "name": "Pet Care & Tracker",
      "price": 1800,
      "currency": "USD",
      "tier": "1k",
      "buyer": null,
      "businessType": "Mobile utility",
      "ecosystem": "Apple",
      "motives": [
        "headstart"
      ],
      "sources": [
        "micro"
      ],
      "metrics": "$111 reported annual revenue; no customer retention or price terms disclosed.",
      "date": null,
      "dateLabel": "Closing date undisclosed",
      "published": null,
      "grade": "marketplace",
      "terms": "",
      "caveat": "",
      "age": null,
      "processDays": null,
      "rationale": "Buyer rationale not disclosed; classification is an analytical hypothesis, not a statement of buyer intent.",
      "rationaleBasis": "inferred",
      "priceBasis": "reported exit",
      "status": "closed"
    },
    {
      "id": "review-app",
      "name": "AI review-summary app",
      "price": 2300,
      "currency": "EUR",
      "tier": "1k",
      "buyer": "Patrick (analytics engineer)",
      "businessType": "Commerce app",
      "ecosystem": "Shopify",
      "motives": [
        "operator"
      ],
      "sources": [
        "patrick"
      ],
      "metrics": "Post-sale: 9 paying shops, ~$90/month revenue, ~$20/month expense.",
      "date": "2026-02",
      "dateLabel": "2026-02",
      "published": "2026-07-02",
      "grade": "buyer",
      "terms": "",
      "caveat": "Euro price is not converted to USD. Reported metrics are AFTER acquisition, not the financials used to price the deal.",
      "age": null,
      "processDays": null,
      "rationale": "Buyer rationale not disclosed; classification is an analytical hypothesis, not a statement of buyer intent.",
      "rationaleBasis": "inferred",
      "priceBasis": "reported exit",
      "status": "closed"
    },
    {
      "id": "picyard",
      "name": "Picyard",
      "price": 6000,
      "currency": "USD",
      "tier": "10k",
      "buyer": null,
      "businessType": "Creative utility",
      "ecosystem": "Web",
      "motives": [
        "headstart"
      ],
      "sources": [
        "picyard"
      ],
      "metrics": "300 customers; $2k revenue label; lifetime-deal model.",
      "date": null,
      "dateLabel": "Closing date undisclosed",
      "published": "2025-10-12",
      "grade": "founder",
      "terms": "",
      "caveat": "Five-month sale process as reported. ARR and lifetime-deal labels conflict; exact closing date unknown.",
      "age": "Launched February 2023",
      "processDays": 150,
      "rationale": "Buyer rationale not disclosed; classification is an analytical hypothesis, not a statement of buyer intent.",
      "rationaleBasis": "inferred",
      "priceBasis": "reported exit",
      "status": "closed"
    },
    {
      "id": "colddm",
      "name": "ColdDM",
      "price": 6000,
      "currency": "USD",
      "tier": "10k",
      "buyer": null,
      "businessType": "Workflow micro-SaaS",
      "ecosystem": "Web",
      "motives": [
        "headstart"
      ],
      "sources": [
        "colddm"
      ],
      "metrics": "About $70 MRR at two months; 5–6 paying users in narrative.",
      "date": null,
      "dateLabel": "Closing date undisclosed",
      "published": "2024-10-23",
      "grade": "founder",
      "terms": "",
      "caveat": "Historical case. Four days from listing, not idea. $12k subsequent freelance work is NOT part of exit price.",
      "age": "Launched August 2022",
      "processDays": 4,
      "rationale": "Buyer rationale not disclosed; classification is an analytical hypothesis, not a statement of buyer intent.",
      "rationaleBasis": "inferred",
      "priceBasis": "reported exit",
      "status": "closed"
    },
    {
      "id": "n8n-widget",
      "name": "n8n Chat Widget Builder",
      "price": 25000,
      "currency": "USD",
      "tier": "10k",
      "buyer": null,
      "businessType": "Automation interface",
      "ecosystem": "n8n",
      "motives": [
        "headstart",
        "portfolio"
      ],
      "sources": [
        "micro",
        "n8ncomp"
      ],
      "metrics": "~$14.5k reported annual revenue; seller reports 1–2 hours/week.",
      "date": null,
      "dateLabel": "Closing date undisclosed",
      "published": null,
      "grade": "marketplace",
      "terms": "",
      "caveat": "One-time licenses / prepaid usage conflict with ARR label; sold homepage is price source. No reliable multiple.",
      "age": "Launched April 2025",
      "processDays": null,
      "rationale": "Buyer rationale not disclosed; classification is an analytical hypothesis, not a statement of buyer intent.",
      "rationaleBasis": "inferred",
      "priceBasis": "reported exit",
      "status": "closed"
    },
    {
      "id": "video",
      "name": "AI Video Creator for YouTube",
      "price": 15000,
      "currency": "USD",
      "tier": "10k",
      "buyer": null,
      "businessType": "Creative utility",
      "ecosystem": "Web",
      "motives": [
        "headstart"
      ],
      "sources": [
        "micro"
      ],
      "metrics": "$6,900 reported annual revenue.",
      "date": null,
      "dateLabel": "Closing date undisclosed",
      "published": null,
      "grade": "marketplace",
      "terms": "",
      "caveat": "Distribution, retention, rights and closing date undisclosed.",
      "age": null,
      "processDays": null,
      "rationale": "Buyer rationale not disclosed; classification is an analytical hypothesis, not a statement of buyer intent.",
      "rationaleBasis": "inferred",
      "priceBasis": "reported exit",
      "status": "closed"
    },
    {
      "id": "visualizer",
      "name": "Shopify home-decor visualizer",
      "price": 12000,
      "currency": "USD",
      "tier": "10k",
      "buyer": null,
      "businessType": "Commerce app",
      "ecosystem": "Shopify",
      "motives": [
        "headstart",
        "capability"
      ],
      "sources": [
        "micro",
        "visualcomp"
      ],
      "metrics": "Public revenue figures use inconsistent periods.",
      "date": null,
      "dateLabel": "Closing date undisclosed",
      "published": null,
      "grade": "marketplace",
      "terms": "",
      "caveat": "Do not treat asking/exit labels or run-rate/lifetime numbers as clean comparable financials.",
      "age": null,
      "processDays": null,
      "rationale": "Buyer rationale not disclosed; classification is an analytical hypothesis, not a statement of buyer intent.",
      "rationaleBasis": "inferred",
      "priceBasis": "reported exit",
      "status": "closed"
    },
    {
      "id": "esign",
      "name": "eSign PDF app",
      "price": 50000,
      "currency": "USD",
      "tier": "100k",
      "buyer": null,
      "businessType": "Mobile utility",
      "ecosystem": "Apple",
      "motives": [
        "operator",
        "portfolio"
      ],
      "sources": [
        "esign"
      ],
      "metrics": "70 paying customers; $21,855 TTM revenue; 6,000+ installs over six months.",
      "date": null,
      "dateLabel": "Reported May 2026; exact close unknown",
      "published": "2026-05-08",
      "grade": "marketplace",
      "terms": "",
      "caveat": "Price reported in article title. Article covers April activity but does not give exact closing day.",
      "age": null,
      "processDays": 30,
      "rationale": "Buyer rationale not disclosed; classification is an analytical hypothesis, not a statement of buyer intent.",
      "rationaleBasis": "inferred",
      "priceBasis": "reported exit",
      "status": "closed"
    },
    {
      "id": "promptmonitor",
      "name": "Promptmonitor",
      "price": 85000,
      "currency": "USD",
      "tier": "100k",
      "buyer": "Unnamed SaaS portfolio operator",
      "businessType": "Workflow micro-SaaS",
      "ecosystem": "Web",
      "motives": [
        "portfolio",
        "new-market"
      ],
      "sources": [
        "prompt"
      ],
      "metrics": "Three-week MVP; roughly eight months before listing.",
      "date": "2026-01-14",
      "dateLabel": "2026-01-14",
      "published": "2026-07-10",
      "grade": "secondary",
      "terms": "",
      "caveat": "Prior $500 MRR plateau is NOT revenue at exit; later growth unquantified. Purchase not independently verified.",
      "age": "Idea May 2025",
      "processDays": 9,
      "rationale": "Buyer rationale not disclosed; classification is an analytical hypothesis, not a statement of buyer intent.",
      "rationaleBasis": "inferred",
      "priceBasis": "reported exit",
      "status": "closed"
    },
    {
      "id": "marketing-agency",
      "name": "Digital marketing agency",
      "price": 429285,
      "currency": "USD",
      "tier": "100k",
      "buyer": null,
      "businessType": "Productized agency",
      "ecosystem": "Services",
      "motives": [
        "operator"
      ],
      "sources": [
        "flippa-q2"
      ],
      "metrics": "TTM profit $262,551; 9 clients; founded 2024.",
      "date": "2026-Q2",
      "dateLabel": "2026-Q2",
      "published": null,
      "grade": "marketplace",
      "terms": "",
      "caveat": "Broker-reported normalized earnings require independent diligence.",
      "age": null,
      "processDays": null,
      "rationale": "Buyer rationale not disclosed; classification is an analytical hypothesis, not a statement of buyer intent.",
      "rationaleBasis": "inferred",
      "priceBasis": "reported exit",
      "status": "closed"
    },
    {
      "id": "economic-calendar",
      "name": "AI economic-calendar SaaS",
      "price": 230000,
      "currency": "USD",
      "tier": "100k",
      "buyer": null,
      "businessType": "Workflow micro-SaaS",
      "ecosystem": "Web",
      "motives": [
        "operator"
      ],
      "sources": [
        "flippa-q2"
      ],
      "metrics": "Reported ARR $192k; 905 subscribers; 28% average monthly churn.",
      "date": "2026-Q2",
      "dateLabel": "2026-Q2",
      "published": null,
      "grade": "marketplace",
      "terms": "",
      "caveat": "Extreme churn makes annualized run-rate a weak durability proxy.",
      "age": null,
      "processDays": null,
      "rationale": "Buyer rationale not disclosed; classification is an analytical hypothesis, not a statement of buyer intent.",
      "rationaleBasis": "inferred",
      "priceBasis": "reported exit",
      "status": "closed"
    },
    {
      "id": "budget-products",
      "name": "Digital budgeting products",
      "price": 180000,
      "currency": "USD",
      "tier": "100k",
      "buyer": null,
      "businessType": "Digital product / content",
      "ecosystem": "Web",
      "motives": [
        "distribution"
      ],
      "sources": [
        "flippa-q2"
      ],
      "metrics": "Annual profit $187,483; 138,378 email subscribers.",
      "date": "2026-Q2",
      "dateLabel": "2026-Q2",
      "published": null,
      "grade": "marketplace",
      "terms": "",
      "caveat": "An established audience is not reproducible by code generation.",
      "age": null,
      "processDays": null,
      "rationale": "Buyer rationale not disclosed; classification is an analytical hypothesis, not a statement of buyer intent.",
      "rationaleBasis": "inferred",
      "priceBasis": "reported exit",
      "status": "closed"
    },
    {
      "id": "rental-market",
      "name": "Fashion rental marketplace",
      "price": 300246,
      "currency": "USD",
      "tier": "100k",
      "buyer": null,
      "businessType": "Two-sided marketplace",
      "ecosystem": "Web",
      "motives": [
        "operator"
      ],
      "sources": [
        "flippa-q2"
      ],
      "metrics": "Annual profit $123,991; 10–15 operating hours/week.",
      "date": "2026-Q2",
      "dateLabel": "2026-Q2",
      "published": null,
      "grade": "marketplace",
      "terms": "",
      "caveat": "Requires two-sided liquidity and continuing operations.",
      "age": null,
      "processDays": null,
      "rationale": "Buyer rationale not disclosed; classification is an analytical hypothesis, not a statement of buyer intent.",
      "rationaleBasis": "inferred",
      "priceBasis": "reported exit",
      "status": "closed"
    },
    {
      "id": "dev-agency",
      "name": "Software development agency",
      "price": 263660,
      "currency": "USD",
      "tier": "100k",
      "buyer": null,
      "businessType": "Productized agency",
      "ecosystem": "Services",
      "motives": [
        "operator",
        "talent"
      ],
      "sources": [
        "flippa-q2"
      ],
      "metrics": "TTM profit $231,179; 11 clients; 5 developers.",
      "date": "2026-Q2",
      "dateLabel": "2026-Q2",
      "published": null,
      "grade": "marketplace",
      "terms": "",
      "caveat": "Human delivery capacity is part of the asset, not zero-human SaaS.",
      "age": null,
      "processDays": null,
      "rationale": "Buyer rationale not disclosed; classification is an analytical hypothesis, not a statement of buyer intent.",
      "rationaleBasis": "inferred",
      "priceBasis": "reported exit",
      "status": "closed"
    },
    {
      "id": "senior-travel",
      "name": "Senior travel business",
      "price": 849600,
      "currency": "USD",
      "tier": "1m",
      "buyer": null,
      "businessType": "Service operator",
      "ecosystem": "Services",
      "motives": [
        "operator"
      ],
      "sources": [
        "flippa-q2"
      ],
      "metrics": "TTM profit $496,816; founded 1983; 90% direct bookings.",
      "date": "2026-Q2",
      "dateLabel": "2026-Q2",
      "published": null,
      "grade": "marketplace",
      "terms": "",
      "caveat": "Decades of customer relationships; not a quick-build digital asset.",
      "age": null,
      "processDays": null,
      "rationale": "Buyer rationale not disclosed; classification is an analytical hypothesis, not a statement of buyer intent.",
      "rationaleBasis": "inferred",
      "priceBasis": "reported exit",
      "status": "closed"
    },
    {
      "id": "vqb",
      "name": "Visual Quiz Builder",
      "price": 1000000,
      "currency": "USD",
      "tier": "1m",
      "buyer": "Alleyway Capital",
      "businessType": "Commerce app",
      "ecosystem": "Shopify",
      "motives": [
        "portfolio"
      ],
      "sources": [
        "vqb"
      ],
      "metrics": "Hundreds of merchants; reported 4–5× revenue; six-month diligence.",
      "date": "2022-09",
      "dateLabel": "2022-09",
      "published": "2023-03-20",
      "grade": "founder",
      "terms": "",
      "caveat": "Founder plus six engineers; parent raised $600k. Not a one-person 30-day creation.",
      "age": "Founded 2019",
      "processDays": 180,
      "rationale": "Buyer rationale not disclosed; classification is an analytical hypothesis, not a statement of buyer intent.",
      "rationaleBasis": "inferred",
      "priceBasis": "reported exit",
      "status": "closed"
    },
    {
      "id": "topicranker",
      "name": "TopicRanker",
      "price": 2223000,
      "currency": "USD",
      "tier": "1m",
      "buyer": "Semrush",
      "businessType": "Workflow micro-SaaS",
      "ecosystem": "Web",
      "motives": [
        "capability"
      ],
      "sources": [
        "semrush"
      ],
      "metrics": "Target revenue undisclosed.",
      "date": "2025-10-17",
      "dateLabel": "2025-10-17",
      "published": null,
      "grade": "filing",
      "terms": "$2.223m total; $200k holdback, $2.023m at close.",
      "caveat": "",
      "age": null,
      "processDays": null,
      "rationale": "Integrate TopicRanker technology into the existing tool suite.",
      "rationaleBasis": "buyer-stated",
      "priceBasis": "filed total cash consideration",
      "status": "closed"
    },
    {
      "id": "exploding",
      "name": "Exploding Topics assets",
      "price": 2950000,
      "currency": "USD",
      "tier": "1m",
      "buyer": "Semrush",
      "businessType": "Digital product / content",
      "ecosystem": "Web",
      "motives": [
        "distribution",
        "data-ip"
      ],
      "sources": [
        "semrush"
      ],
      "metrics": "Target revenue undisclosed.",
      "date": "2024-08-15",
      "dateLabel": "2024-08-15",
      "published": null,
      "grade": "filing",
      "terms": "$2.95m includes $531k holdback.",
      "caveat": "",
      "age": null,
      "processDays": null,
      "rationale": "Acquire traffic-generating content.",
      "rationaleBasis": "buyer-stated",
      "priceBasis": "filed purchase consideration",
      "status": "closed"
    },
    {
      "id": "third-door",
      "name": "Third Door Media",
      "price": 6174000,
      "currency": "USD",
      "tier": "10m",
      "buyer": "Semrush",
      "businessType": "Digital product / content",
      "ecosystem": "Web",
      "motives": [
        "distribution"
      ],
      "sources": [
        "semrush"
      ],
      "metrics": "Target revenue undisclosed.",
      "date": "2024-10-16",
      "dateLabel": "2024-10-16",
      "published": null,
      "grade": "filing",
      "terms": "$5.424m close + $750k deferred value.",
      "caveat": "",
      "age": null,
      "processDays": null,
      "rationale": "Expand content and educational offerings.",
      "rationaleBasis": "buyer-stated",
      "priceBasis": "filed purchase consideration",
      "status": "closed"
    },
    {
      "id": "ryte",
      "name": "Ryte",
      "price": 10482000,
      "currency": "USD",
      "tier": "10m",
      "buyer": "Semrush",
      "businessType": "Vertical SaaS",
      "ecosystem": "Web",
      "motives": [
        "capability"
      ],
      "sources": [
        "semrush"
      ],
      "metrics": "Target revenue undisclosed.",
      "date": "2024-07-11",
      "dateLabel": "2024-07-11",
      "published": null,
      "grade": "filing",
      "terms": "$8.91m close + $1.572m deferred value.",
      "caveat": "",
      "age": null,
      "processDays": null,
      "rationale": "Add enterprise site-audit and performance-monitoring capabilities.",
      "rationaleBasis": "buyer-stated",
      "priceBasis": "filed purchase consideration",
      "status": "closed"
    },
    {
      "id": "brand24",
      "name": "Brand24 — initial 58% stake",
      "price": 13528000,
      "currency": "USD",
      "tier": "10m",
      "buyer": "Semrush",
      "businessType": "Vertical SaaS",
      "ecosystem": "Web",
      "motives": [
        "control",
        "distribution"
      ],
      "sources": [
        "semrush"
      ],
      "metrics": "58% voting stake, not 100%.",
      "date": "2024-04-29",
      "dateLabel": "2024-04-29",
      "published": null,
      "grade": "filing",
      "terms": "$10.65m close + $2.878m deferred fair value.",
      "caveat": "Later share purchases excluded; do not call $13.528m the full-company sale price.",
      "age": null,
      "processDays": null,
      "rationale": "Expand public-relations business and customer base.",
      "rationaleBasis": "buyer-stated",
      "priceBasis": "filed initial stake consideration",
      "status": "closed"
    },
    {
      "id": "xfunnel",
      "name": "XFunnel",
      "price": 16500000,
      "currency": "USD",
      "tier": "10m",
      "buyer": "HubSpot",
      "businessType": "Workflow micro-SaaS",
      "ecosystem": "Web",
      "motives": [
        "capability",
        "new-market"
      ],
      "sources": [
        "hubspot"
      ],
      "metrics": "AEO technology; target financials not separately disclosed.",
      "date": "2025-12-01",
      "dateLabel": "2025-12-01",
      "published": null,
      "grade": "filing",
      "terms": "$16.5m net-cash purchase; $12.2m employment-contingent compensation separate.",
      "caveat": "Earlier ~$30m agreement headline is not the final accounting purchase figure.",
      "age": null,
      "processDays": null,
      "rationale": "Extend answer-engine optimization within marketing products.",
      "rationaleBasis": "buyer-stated",
      "priceBasis": "filed price, net acquired cash",
      "status": "closed"
    },
    {
      "id": "dashworks",
      "name": "Dashworks",
      "price": 17800000,
      "currency": "USD",
      "tier": "10m",
      "buyer": "HubSpot",
      "businessType": "Knowledge workflow SaaS",
      "ecosystem": "Web",
      "motives": [
        "capability",
        "talent"
      ],
      "sources": [
        "hubspot",
        "hub-q3"
      ],
      "metrics": "AI knowledge-search technology; target revenue undisclosed.",
      "date": "2025-05-01",
      "dateLabel": "2025-05-01",
      "published": null,
      "grade": "filing",
      "terms": "$17.8m net-cash purchase; $6.6m employment-contingent compensation separate.",
      "caveat": "",
      "age": null,
      "processDays": null,
      "rationale": "Add AI-powered knowledge search to the product portfolio.",
      "rationaleBasis": "buyer-stated",
      "priceBasis": "filed price, net acquired cash",
      "status": "closed"
    },
    {
      "id": "educational",
      "name": "Educational SaaS / worksheets",
      "price": 8500000,
      "currency": "USD",
      "tier": "10m",
      "buyer": "Undisclosed US buyer",
      "businessType": "Digital product / content",
      "ecosystem": "Web",
      "motives": [
        "operator",
        "distribution"
      ],
      "sources": [
        "education"
      ],
      "metrics": "Monthly profit >$100k; 2m registered teachers; 4m students.",
      "date": null,
      "dateLabel": "Closing date undisclosed",
      "published": "2024-06-03",
      "grade": "marketplace",
      "terms": "",
      "caveat": "Article update date, not close date. Two weeks was time to an offer; claimed 6.4× basis is not fully reconciled.",
      "age": "Five years of development",
      "processDays": null,
      "rationale": "Buyer rationale not disclosed; classification is an analytical hypothesis, not a statement of buyer intent.",
      "rationaleBasis": "inferred",
      "priceBasis": "reported exit",
      "status": "closed"
    },
    {
      "id": "frame",
      "name": "Frame AI",
      "price": 50900000,
      "currency": "USD",
      "tier": "100m",
      "buyer": "HubSpot",
      "businessType": "Knowledge workflow SaaS",
      "ecosystem": "Web",
      "motives": [
        "capability",
        "data-ip"
      ],
      "sources": [
        "hubspot",
        "hub-q3"
      ],
      "metrics": "Unstructured customer-conversation intelligence; target revenue undisclosed.",
      "date": "2025-01-06",
      "dateLabel": "2025-01-06",
      "published": null,
      "grade": "filing",
      "terms": "$50.9m net-cash purchase; $8.2m employment-contingent compensation separate.",
      "caveat": "",
      "age": null,
      "processDays": null,
      "rationale": "Bring conversation intelligence into the customer platform.",
      "rationaleBasis": "buyer-stated",
      "priceBasis": "filed price, net acquired cash",
      "status": "closed"
    },
    {
      "id": "surepath",
      "name": "SurePath AI",
      "price": 50100000,
      "currency": "USD",
      "tier": "100m",
      "buyer": "F5",
      "businessType": "Security / infrastructure",
      "ecosystem": "Web",
      "motives": [
        "capability",
        "new-market"
      ],
      "sources": [
        "f5"
      ],
      "metrics": "AI discovery, intent classification and shadow-AI detection.",
      "date": "2026-06-15",
      "dateLabel": "2026-06-15",
      "published": null,
      "grade": "filing",
      "terms": "$50.1m closed transaction; target results not material to F5.",
      "caveat": "",
      "age": null,
      "processDays": null,
      "rationale": "Integrate the technology into the F5 AI Security Platform.",
      "rationaleBasis": "buyer-stated",
      "priceBasis": "filed acquisition amount",
      "status": "closed"
    },
    {
      "id": "calypso",
      "name": "CalypsoAI",
      "price": 145200000,
      "currency": "USD",
      "tier": "100m",
      "buyer": "F5",
      "businessType": "Security / infrastructure",
      "ecosystem": "Web",
      "motives": [
        "capability",
        "talent"
      ],
      "sources": [
        "f5",
        "calypso-ann"
      ],
      "metrics": "Enterprise inference security; founded 2018; $40m+ venture funding.",
      "date": "2025-09-26",
      "dateLabel": "2025-09-26",
      "published": null,
      "grade": "filing",
      "terms": "Filed closed cash figure $145.2m; earlier headline $180m.",
      "caveat": "Announcement and closed-accounting amount differ. Do not infer the difference is seller proceeds.",
      "age": null,
      "processDays": null,
      "rationale": "Add AI threat defense, red-teaming and data-security capabilities.",
      "rationaleBasis": "buyer-stated",
      "priceBasis": "filed cash acquisition amount",
      "status": "closed"
    },
    {
      "id": "base44",
      "name": "Base44",
      "price": 80000000,
      "currency": "USD",
      "tier": "100m",
      "buyer": "Wix",
      "businessType": "AI builder platform",
      "ecosystem": "Web",
      "motives": [
        "capability",
        "new-market",
        "talent"
      ],
      "sources": [
        "base44"
      ],
      "metrics": "Buyer cites product traction and eToro / SimilarWeb partnerships.",
      "date": "2025-06",
      "dateLabel": "2025-06",
      "published": "2025-06-18",
      "grade": "primary",
      "terms": "~$80m initial, including ~$25m retention; earnouts through 2029.",
      "caveat": "Exceptional strategic deal, not a template for ordinary micro-SaaS. Initial consideration is not founder take-home.",
      "age": null,
      "processDays": null,
      "rationale": "Expand natural-language application creation and reach new audiences.",
      "rationaleBasis": "buyer-stated",
      "priceBasis": "announced initial consideration",
      "status": "closed"
    },
    {
      "id": "formswift",
      "name": "FormSwift",
      "price": 95000000,
      "currency": "USD",
      "tier": "100m",
      "buyer": "Dropbox",
      "businessType": "Document workflow SaaS",
      "ecosystem": "Web",
      "motives": [
        "capability",
        "distribution"
      ],
      "sources": [
        "formswift",
        "formswift-terms"
      ],
      "metrics": "Document-template library and self-service workflows; decade-old business.",
      "date": "2022-12-15",
      "dateLabel": "2022-12-15",
      "published": null,
      "grade": "primary",
      "terms": "$95m headline; $25.7m tied to continued service in later disclosure.",
      "caveat": "Historical strategic comp. Employment-conditioned amounts are not unrestricted proceeds.",
      "age": null,
      "processDays": null,
      "rationale": "Complete more of the document creation, signing and sharing workflow.",
      "rationaleBasis": "buyer-stated",
      "priceBasis": "announced cash transaction",
      "status": "closed"
    },
    {
      "id": "aftersell",
      "name": "AfterSell",
      "price": null,
      "currency": "USD",
      "tier": "unknown",
      "buyer": "Rokt",
      "businessType": "Commerce app",
      "ecosystem": "Shopify",
      "motives": [
        "capability",
        "distribution"
      ],
      "sources": [
        "aftersell",
        "aftersell-close"
      ],
      "metrics": "At-time combined portfolio expected to exceed 20,000 SMB merchants.",
      "date": "2024-02",
      "dateLabel": "2024-02",
      "published": null,
      "grade": "primary",
      "terms": "Cash and equity; valuation undisclosed.",
      "caveat": "",
      "age": null,
      "processDays": null,
      "rationale": "Expand SMB distribution and add complementary commerce capabilities.",
      "rationaleBasis": "buyer-stated",
      "priceBasis": "undisclosed",
      "status": "closed"
    },
    {
      "id": "thrive",
      "name": "Thrive Themes",
      "price": null,
      "currency": "USD",
      "tier": "unknown",
      "buyer": "Awesome Motive",
      "businessType": "Plugin portfolio",
      "ecosystem": "WordPress",
      "motives": [
        "horizontal",
        "portfolio"
      ],
      "sources": [
        "thrive"
      ],
      "metrics": "Existing WordPress growth-tool suite; transaction price undisclosed.",
      "date": "2023-01-23",
      "dateLabel": "2023-01-23",
      "published": null,
      "grade": "primary",
      "terms": "",
      "caveat": "",
      "age": null,
      "processDays": null,
      "rationale": "Extend a portfolio of small-business growth tools.",
      "rationaleBasis": "buyer-stated",
      "priceBasis": "undisclosed",
      "status": "closed"
    },
    {
      "id": "pagecrafter",
      "name": "PageCrafter",
      "price": null,
      "currency": "USD",
      "tier": "unknown",
      "buyer": null,
      "businessType": "Workflow micro-SaaS",
      "ecosystem": "Web",
      "motives": [
        "operator"
      ],
      "sources": [
        "pagecrafter"
      ],
      "metrics": "Seven-day sale process; all cash; no earnout reported.",
      "date": null,
      "dateLabel": "Closing date undisclosed",
      "published": "2025-07-29",
      "grade": "marketplace",
      "terms": "",
      "caveat": "Price and true business age undisclosed. Process evidence, not a price benchmark.",
      "age": null,
      "processDays": 7,
      "rationale": "Buyer rationale not disclosed; classification is an analytical hypothesis, not a statement of buyer intent.",
      "rationaleBasis": "inferred",
      "priceBasis": "undisclosed",
      "status": "closed"
    }
  ],
  "sources": [
    {
      "id": "acquire",
      "title": "Acquisition multiples report — January 2026",
      "url": "https://blog.acquire.com/acquire-com-biannual-acquisition-multiples-report-jan-2026/",
      "publisher": "Acquire.com",
      "kind": "marketplace",
      "published": "2026-02-11",
      "checked": "2026-09-14",
      "note": "Updated September 1, 2026. Selected confirmed SaaS transactions, predominantly below $10m EV; anonymized customer-supplied financials. Not a new-business valuation guarantee."
    },
    {
      "id": "micro",
      "title": "Recently sold micro-businesses",
      "url": "https://www.microns.io/",
      "publisher": "Microns",
      "kind": "marketplace",
      "published": null,
      "checked": "2026-09-14",
      "note": "Reported exits. Closing dates and most buyer identities are not disclosed; homepage and detail-page metric labels sometimes conflict."
    },
    {
      "id": "n8ncomp",
      "title": "N8N Chat Widget Builder listing",
      "url": "https://www.microns.io/startup-listings/n8n-chat-widget-builder",
      "publisher": "Microns / seller",
      "kind": "marketplace",
      "published": null,
      "checked": "2026-09-14",
      "note": "Reported exit comes from sold homepage. Detail contains one-time licenses and prepaid credits; do not treat its ARR label as clean recurring revenue."
    },
    {
      "id": "mathcomp",
      "title": "AI Math Helper iOS listing",
      "url": "https://www.microns.io/startup-listings/ai-math-helper-ios-app",
      "publisher": "Microns / seller",
      "kind": "marketplace",
      "published": null,
      "checked": "2026-09-14",
      "note": "Revenue labels conflict with narrative total Apple proceeds. Downloads are not paying customers."
    },
    {
      "id": "visualcomp",
      "title": "Shopify home-decor visualization listing",
      "url": "https://www.microns.io/startup-listings/ai-visualization-tool-for-shopify-home-decor-sellers",
      "publisher": "Microns / seller",
      "kind": "marketplace",
      "published": null,
      "checked": "2026-09-14",
      "note": "Different revenue figures use unaligned periods. No defensible normalized financial multiple."
    },
    {
      "id": "picyard",
      "title": "Picyard founder exit interview",
      "url": "https://www.microns.io/success-stories/how-krish-sold-his-screenshot-design-tool-for-6k-and-bought-a-motorbike",
      "publisher": "Microns / founder",
      "kind": "founder",
      "published": "2025-10-12",
      "checked": "2026-09-14",
      "note": "Publication date is not the closing date. Lifetime-deal narrative conflicts with ARR label."
    },
    {
      "id": "colddm",
      "title": "ColdDM founder exit interview",
      "url": "https://www.microns.io/success-stories/how-shri-sold-his-micro-saas-for-6k-and-made-an-extra-12k-in-freelancing-after",
      "publisher": "Microns / founder",
      "kind": "founder",
      "published": "2024-10-23",
      "checked": "2026-09-14",
      "note": "Historical case; launch in 2022. Four days on market is not four days from idea. Extra freelance income was separate."
    },
    {
      "id": "esign",
      "title": "eSign micro-app acquisition",
      "url": "https://newsletter.microns.io/p/50k-mobile-app-was-acquired-on-microns",
      "publisher": "Microns",
      "kind": "marketplace",
      "published": "2026-05-08",
      "checked": "2026-09-14",
      "note": "Title reports $50k; body gives 70 paying customers, TTM revenue and 30-day sale process. Exact close date not supplied."
    },
    {
      "id": "patrick",
      "title": "First Shopify AI acquisition for €2,300",
      "url": "https://newsletter.microns.io/p/how-an-analytics-engineer-acquired",
      "publisher": "Microns / buyer",
      "kind": "buyer",
      "published": "2026-07-02",
      "checked": "2026-09-14",
      "note": "Buyer reports February 2026 purchase. $90/month revenue and nine paying customers describe AFTER purchase, not acquisition-date economics. EUR is not converted."
    },
    {
      "id": "prompt",
      "title": "Promptmonitor exit account",
      "url": "https://nocodeexits.substack.com/p/stuck-at-500-mrr-for-months-sold",
      "publisher": "No-Code Exits",
      "kind": "secondary",
      "published": "2026-07-10",
      "checked": "2026-09-14",
      "note": "Secondary account; no purchase agreement or independent financial verification. Earlier $500 MRR plateau was not MRR at exit."
    },
    {
      "id": "flippa-q2",
      "title": "Digital M&A market report — Q2 2026",
      "url": "https://flippa.com/blog/digital-ma-market-trends-2026-q2/",
      "publisher": "Flippa",
      "kind": "marketplace",
      "published": "2026-Q3",
      "checked": "2026-09-14",
      "note": "Broker-reported closed Q2 cases, often anonymized. Selected successes, not a representative return distribution; exact closing days undisclosed."
    },
    {
      "id": "vqb",
      "title": "Visual Quiz Builder acquired by Alleyway Capital",
      "url": "https://theygotacquired.com/saas/visual-quiz-builder-acquired-by-alleyway-capital/",
      "publisher": "They Got Acquired / founder",
      "kind": "founder",
      "published": "2023-03-20",
      "checked": "2026-09-14",
      "note": "Historical 2022 transaction. Reported $1m; founder interview, not disclosed purchase agreement."
    },
    {
      "id": "semrush",
      "title": "Semrush FY2025 acquisitions note",
      "url": "https://www.sec.gov/Archives/edgar/data/1831840/000162828026013259/R16.htm",
      "publisher": "Semrush / SEC",
      "kind": "filing",
      "published": "2026",
      "checked": "2026-09-14",
      "note": "Filed figures are in USD thousands; values here converted to dollars. Brand24 is the initial 58% stake, not a 100% business sale."
    },
    {
      "id": "hubspot",
      "title": "HubSpot FY2025 Form 10-K — acquisitions",
      "url": "https://www.sec.gov/Archives/edgar/data/1404655/000119312526046646/hubs-20251231.htm",
      "publisher": "HubSpot / SEC",
      "kind": "filing",
      "published": "2026",
      "checked": "2026-09-14",
      "note": "Net-of-acquired-cash prices. Post-combination employment compensation is separate from purchase consideration. Target revenue not disclosed."
    },
    {
      "id": "hub-q3",
      "title": "HubSpot Q3 2025 filing — acquisition details",
      "url": "https://ir.hubspot.com/node/14976/html",
      "publisher": "HubSpot",
      "kind": "filing",
      "published": "2025",
      "checked": "2026-09-14",
      "note": "Frame and Dashworks purchase prices; XFunnel preliminary agreement differs from final acquisition accounting."
    },
    {
      "id": "education",
      "title": "Educational SaaS sold for $8.5m",
      "url": "https://flippa.com/blog/educational-saas-platform-sold-on-flippa/",
      "publisher": "Flippa",
      "kind": "marketplace",
      "published": "2024-06-03",
      "checked": "2026-09-14",
      "note": "Article update date only; exact close date not supplied. Five years of building; two weeks to offer is not two weeks to build or close."
    },
    {
      "id": "f5",
      "title": "F5 June 2026 Form 10-Q — acquisitions",
      "url": "https://www.sec.gov/Archives/edgar/data/1048695/000104869526000067/ffiv-20260630.htm",
      "publisher": "F5 / SEC",
      "kind": "filing",
      "published": "2026-Q3",
      "checked": "2026-09-14",
      "note": "SurePath and Calypso closed transaction amounts. Do not substitute the earlier Calypso $180m announcement for the $145.2m filed cash acquisition amount."
    },
    {
      "id": "calypso-ann",
      "title": "F5 announced acquisition of CalypsoAI",
      "url": "https://investors.f5.com/news/news-details/2025/F5-to-Acquire-CalypsoAI-to-Bring-Advanced-AI-Guardrails-to-Large-Enterprises-09-11-2025/default.aspx",
      "publisher": "F5",
      "kind": "primary",
      "published": "2025-09-11",
      "checked": "2026-09-14",
      "note": "Original $180m headline; use later filing for closed cash figure. Source also describes technology, customers and seven-year company history."
    },
    {
      "id": "base44",
      "title": "Wix acquisition of Base44",
      "url": "https://www.wix.com/press-room/home/post/wix-further-expands-into-vibe-coding-with-acquisition-of-base44-a-hyper-growth-startup-that-simplif",
      "publisher": "Wix",
      "kind": "primary",
      "published": "2025-06-18",
      "checked": "2026-09-14",
      "note": "Approximately $80m initial consideration includes roughly $25m retention bonuses; additional performance earnouts through 2029. Not solo founder take-home."
    },
    {
      "id": "formswift",
      "title": "Dropbox acquisition of FormSwift",
      "url": "https://investors.dropbox.com/news-releases/news-release-details/dropbox-acquires-formswift",
      "publisher": "Dropbox",
      "kind": "primary",
      "published": "2022-12-16",
      "checked": "2026-09-14",
      "note": "Historical. $95m announcement subject to adjustments; closed December 15, 2022. Not target ARR."
    },
    {
      "id": "formswift-terms",
      "title": "Dropbox FY2022 earnings transaction terms",
      "url": "https://www.sec.gov/Archives/edgar/data/1467623/000146762323000006/q42022er-exhibit991.htm",
      "publisher": "Dropbox / SEC",
      "kind": "filing",
      "published": "2023",
      "checked": "2026-09-14",
      "note": "Reports $25.7m of the $95m subject to ongoing service; headline cash is not all unrestricted seller proceeds."
    },
    {
      "id": "aftersell",
      "title": "Rokt / AfterSell announcement",
      "url": "https://www.prnewswire.com/news-releases/rokt-to-acquire-aftersell-to-expand-smb-offering-and-unlock-more-relevant-experiences-for-shopify-customers-302032832.html",
      "publisher": "Rokt via PR Newswire",
      "kind": "primary",
      "published": "2024-01-11",
      "checked": "2026-09-14",
      "note": "At-time combined SMB portfolio exceeds 20,000; do not attribute the combined count solely to AfterSell."
    },
    {
      "id": "aftersell-close",
      "title": "Rokt company acquisition history",
      "url": "https://www.rokt.com/company/about",
      "publisher": "Rokt",
      "kind": "primary",
      "published": null,
      "checked": "2026-09-14",
      "note": "Confirms February 2024 acquisition, cash and equity, undisclosed valuation. Current brand count is not at-sale count."
    },
    {
      "id": "thrive",
      "title": "Awesome Motive acquisition of Thrive Themes",
      "url": "https://awesomemotive.com/awesome-motive-acquires-thrive-themes-growth-tool-suite-to-help-small-businesses-improve-their-online-marketing/",
      "publisher": "Awesome Motive",
      "kind": "primary",
      "published": "2023-01-23",
      "checked": "2026-09-14",
      "note": "Historical strategic portfolio comp; price undisclosed."
    },
    {
      "id": "pagecrafter",
      "title": "PageCrafter: seven-day sale with no earnout",
      "url": "https://blog.acquire.com/sell-bootstrapped-saas-no-earnout/",
      "publisher": "Acquire.com / seller",
      "kind": "marketplace",
      "published": "2025-07-29",
      "checked": "2026-09-14",
      "note": "Price undisclosed. Sale-process example, not evidence of a seven-day-old company."
    },
    {
      "id": "woo",
      "title": "YITH Request a Quote: listing and reviews",
      "url": "https://wordpress.org/plugins/yith-woocommerce-request-a-quote/",
      "publisher": "WordPress.org / users",
      "kind": "platform",
      "published": null,
      "checked": "2026-09-14",
      "note": "10,000+ active installations, mixed reviews including 2026 reports. Complaints are individual accounts, not independently reproduced defects."
    },
    {
      "id": "quotway",
      "title": "Existing Shopify quoting product and pricing",
      "url": "https://www.quotway.com/",
      "publisher": "QuotWay",
      "kind": "vendor",
      "published": null,
      "checked": "2026-09-14",
      "note": "Vendor already offers negotiation, approvals and draft orders. Evidence against building a generic quote app; not proof of any acquisition intent."
    },
    {
      "id": "loopio",
      "title": "Loopio proposal-software pricing",
      "url": "https://loopio.com/pricing/",
      "publisher": "Loopio",
      "kind": "vendor",
      "published": null,
      "checked": "2026-09-14",
      "note": "Pricing begins at $20,000/year; category willingness-to-pay signal, not proof that MSP customers will buy a new lightweight product."
    },
    {
      "id": "companycam",
      "title": "CompanyCam plans explained",
      "url": "https://help.companycam.com/en/articles/14477655-companycam-plans-explained",
      "publisher": "CompanyCam",
      "kind": "vendor",
      "published": null,
      "checked": "2026-09-14",
      "note": "Paid field-work documentation category. Product-specific demand for a new app remains unvalidated."
    },
    {
      "id": "n8n-license",
      "title": "n8n license use-case guidance",
      "url": "https://support.n8n.io/article/can-i-use-your-license-for-my-use-case",
      "publisher": "n8n",
      "kind": "policy",
      "published": null,
      "checked": "2026-09-14",
      "note": "Client-owned instances, hosting client credentials, and embedding have different licensing needs. Confirm the proposed architecture with vendor."
    },
    {
      "id": "maple",
      "title": "Maple Media acquisition criteria",
      "url": "https://maplemedia.io/acquisitions/",
      "publisher": "Maple Media",
      "kind": "buyer",
      "published": null,
      "checked": "2026-09-14",
      "note": "Six months or more store history with stable users/revenue. Historical activity is not an offer for a new app."
    },
    {
      "id": "micro-rules",
      "title": "Microns seller eligibility",
      "url": "https://www.microns.io/sell-your-startup",
      "publisher": "Microns",
      "kind": "policy",
      "published": null,
      "checked": "2026-09-14",
      "note": "Minimum five months age and paying customers. A newly created company cannot meet this within 90 days."
    },
    {
      "id": "acquire-rules",
      "title": "Acquire pre-revenue listing eligibility",
      "url": "https://help.acquire.com/what-pre-revenue-businesses-are-allowed",
      "publisher": "Acquire.com",
      "kind": "policy",
      "published": null,
      "checked": "2026-09-14",
      "note": "Functional differentiated transferable SaaS/AI selectively accepted; successful pre-revenue asks often below $25k. Acceptance not guaranteed."
    },
    {
      "id": "flippa-rules",
      "title": "Flippa listing sale pricing",
      "url": "https://support.flippa.com/hc/en-us/articles/12856932906767-Listing-sale-pricing",
      "publisher": "Flippa",
      "kind": "policy",
      "published": null,
      "checked": "2026-09-14",
      "note": "Starter/new/non-revenue asset category capped at $9,999 ask/reserve under this policy. Do not apply to all profitable listings."
    },
    {
      "id": "apple",
      "title": "Apple App Store Review Guidelines",
      "url": "https://developer.apple.com/app-store/review/guidelines/",
      "publisher": "Apple",
      "kind": "policy",
      "published": null,
      "checked": "2026-09-14",
      "note": "Original utility, no copycat or spam reskins; review remains a dependency."
    },
    {
      "id": "apple-transfer",
      "title": "Apple app transfer criteria",
      "url": "https://developer.apple.com/help/app-store-connect/transfer-an-app/app-transfer-criteria",
      "publisher": "Apple",
      "kind": "policy",
      "published": null,
      "checked": "2026-09-14",
      "note": "App/account eligibility and service-specific transfer work must be checked."
    },
    {
      "id": "chrome",
      "title": "Chrome Web Store policy",
      "url": "https://developer.chrome.com/docs/webstore/program-policies/policies",
      "publisher": "Google Chrome",
      "kind": "policy",
      "published": null,
      "checked": "2026-09-14",
      "note": "Limited Use and acquisition-related user data consent; no hidden browsing-data monetization."
    },
    {
      "id": "chrome-api",
      "title": "Chrome Web Store API scope",
      "url": "https://developer.chrome.com/docs/webstore/api",
      "publisher": "Google Chrome",
      "kind": "policy",
      "published": null,
      "checked": "2026-09-14",
      "note": "Publisher API, not a public full-market research feed."
    },
    {
      "id": "wp-api",
      "title": "WordPress.org API",
      "url": "https://codex.wordpress.org/WordPress.org_API",
      "publisher": "WordPress",
      "kind": "platform",
      "published": null,
      "checked": "2026-09-14",
      "note": "Public metadata. Install counts do not reveal paid revenue."
    },
    {
      "id": "itunes",
      "title": "iTunes software search API",
      "url": "https://developer.apple.com/library/archive/documentation/AudioVideo/Conceptual/iTuneSearchAPI/Searching.html",
      "publisher": "Apple",
      "kind": "platform",
      "published": null,
      "checked": "2026-09-14",
      "note": "Archived official metadata documentation; no competitor revenue feed."
    }
  ]
}