We are operational turnaround specialists: a very close-knit team of former CEOs, CROs, CIOs, and SVPs who have succeeded together for years inside software environments, delivering top-percentile profitability across B2B acquisitions.
For this team, turnarounds are financial and operational restorations of businesses into long-term, cash-generating assets. The result is a portfolio of companies sustaining 50%+ net margins for years, often decades, after we acquire them.
Chris Morino
Founding General Partner
Jeff Moyer
Chief Information
Officer
Jackson Dickfos
Principal, Capital Formation
Mark Sampson
Senior Advisor,
Former GP
Ian Miller, MBE, CA
Senior Partner, Europe & Governance
We track 200,000 companies every day using our own proprietary technology we built to compress M&A due diligence from months into minutes. We have 70 companies at $1B ARR in our pipeline that fit our mandate waiting to be acquired. This patented system is how we drive top-percentile performance.
Our product is cash. We acquire software companies in the $10–40 million revenue range, running them at 50% net margins. We hold 100% equity of each company and operate without leverage. We manage our portfolio companies directly through a centralized shared-services platform.
When we revive a business, our priority is continuity—protecting the service, product, and support our customers rely on, while building for their long-term success.
A stronger financial foundation designed to support long-term service continuity.
When we acquire a business, we replace a distressed financial model with a stable operating foundation. This revival is led by an experienced team focused on long-term stewardship—maintaining continuity, improving reliability, and ensuring the product customers depend on remains supported and improved over time.
A disciplined product roadmap shaped around the existing customer base.
Revival creates the opportunity to invest in our customers who rely on the product. Our engineering efforts return to what matters most: delivering value to current customers. Roadmap priorities are clarified, distractions are reduced, and customer input plays a central role in shaping what gets built and improved next.
Support, uptime, and responsiveness treated as core operating priorities.
Our revival process is designed to preserve continuity first. Transitions are managed carefully to maintain service levels, with support, uptime, and responsiveness treated as essential—not optional—throughout the revival and beyond.
Our investment vehicle is the Valkyrie Revival Fund — the first in a series of funds built to acquire software companies using our 'Unfair Advantage' and run them using our 'Operating Framework'.
Click 'Fund 1' for our investor materials.
Events, media, and milestones.
We love to hear from LP's that align with our thesis,
and from software owners who need an exit path.