We back founders building profitably growing businesses

Up to €500k for bootstrapped founders between €100k–€2m ARR. Real capital. Hands-on support. Zero pressure to raise again or sell.

Not your typical investor

We've built and sold SaaS companies ourselves. We invest our own capital, roll up our sleeves, and stay as long as it takes - without an exit agenda.

One check. No follow-on pressure.

We invest €100k–€500k once. We don't need you to raise again to make our model work.

€100k–€2m ARR sweet spot.

You've got traction and customers. We come in when there's something real to grow - not to fund an idea.

Small portfolio, real support.

We work with 5–10 companies at a time. You get two operators, not a junior associate.

Dividends over exit pressure.

We hold long-term and grow profitably. There's no fund clock ticking, no LP forcing an exit.

You share in our upside too.

Portfolio companies get equity in Flying Founders. When we all win, we all win.

"We like their focus on sustainable growth. Flying Founders aren't pushing us to raise another round, and another round doesn't determine our valuation. What's important to us right now is to grow our revenue."
Jan Cizmar

Jan Cizmar

CEO of Tolgee

Does any of this sound familiar?

We work with SaaS founders at different stages. Find your situation below.

Scale with a partner, not a board

You've got €100k+ ARR and your first real customers. Now you need a hands-on partner for the next phase - someone who's built this before, not a VC who'll ask for a deck.

Looking for the right exit

You've bootstrapped past €500k ARR and you're ready to move on. You want a buyer who'll give your business a great new home - not just the highest bid.

Clean up your cap table

Early employees, investors, or co-founders want to cash out. You want to bring in someone who can add value - not just fill a seat.

Prepare for a dream exit

You're at €2m+ ARR and profitable. You're thinking about selling and want help preparing - from someone who's done it, not an M&A banker on commission.

Companies we've backed

Tolgee
Billdu
WebSupport
ROI Hunter
Nicereply
Outfindo

Seedstrapping

Seedstrapping means raising a small amount of capital once (just enough to reach profitability) then growing on your own terms, without the VC treadmill.

Seedstrapping vs VC
5 min read

The $30m "Failure"

Why a $30m exit can feel like failure in a VC world - and why seedstrapped founders see it very differently. A case for building on your own terms.

Zdenko Zvada
Revenue Strategy
6 min read

Sell First, Then Build: 8 Ways to Make Money Before Your Product Exists

How founders like Steli Efti, Pieter Levels, and the Fireflies.ai team made real money before their product existed. 8 proven plays for pre-revenue validation.

Zdenko Zvada
Investor Mindset
4 min read

This Investor Doesn't Need Your Exit

Peter Langmar, CIO at STRT, on backing profitable founders. What seedstrap-friendly investors actually look for - and why they don't need you to 10x.

Zdenko Zvada

Our views on investing

Straight talk on capital, profitability, and what it actually takes to build a lasting SaaS business.

Zdenko Zvada LinkedIn post about the $30m VC fund problemZdenko Zvada LinkedIn post about seedstrapping vs bootstrapping vs VCZdenko Zvada LinkedIn post comparing Founder A and Founder B funding pathsZdenko Zvada LinkedIn post about default alive startup adviceZdenko Zvada LinkedIn post about two types of founders

Who we are

We're operators who've been in the trenches. Not career investors - founders who've built, struggled, sold, and done it again.

Zdenko Zvada

Zdenko Zvada

Co-founder

Banker turned founder. Started as Investment Banker at Rothschild, then co-founded ROI Hunter and Outfindo. Now investing in profitably growing startups and sharing what I learn in the Seedstrapped newsletter.

Michal Truban

Michal Truban

Co-founder

Serial founder and operator. Co-founded Websupport from zero to exit. Invested in Billdu, and led the 9-digit exit to Team.blue. Been on both sides of the table more times than most.

Let's Chat

Ready to discuss sustainable growth for your SaaS? We'd love to hear about your business and explore how we can help.

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Start the conversation

Whether you're looking for growth capital, considering an exit, or need help restructuring your cap table, we're here to help. Reach out and let's discuss your situation.