SpringWater Launches as Entrepreneur-Led SaaS Acquirer, Announces First Acquisition of FirstPromoter

SpringWater, an entrepreneur-led investment firm focused on acquiring and scaling founder-led SaaS businesses, announced its official launch today. The firm is backed by bootstrapped entrepreneurs who have built global category leaders like Hostinger, WebPros, Contabo, as well as NordVPN, Oxylabs, nexos.ai (the Tesonet group). 

SpringWater targets product-led SaaS businesses with €1–10M ARR that have the potential to become global category leaders. The firm invests long-term capital without forced exits, focusing instead on partnering with founders to preserve their legacy while unlocking new growth levers.

The company was initiated by Arnas Stuopelis, Co-founder and Chairman of the Board at Hostinger, and is led by Justas Paulauskas, who brings 15 years of financial expertise and global transaction experience.

As noted by our CIO, Eglė Eidimtaitė: “We’ve built multiple businesses across various verticals with real distribution edge and strong brands. That experience taught us what it takes to scale sustainably. Now, we are pursuing the roll-up of profitable SaaS businesses worldwide. It’s a new direction for us — no geographic limits, just an exciting opportunity to grow in a different way, together with a laser-focused and experienced team.”

Founder-First Investment Platform

SpringWater’s entrepreneur-led model combines the experience of founders who have scaled global bootstrapped companies with a network of 3,000+ experts across marketing, AI, product, and go-to-market strategy. By aligning with founder ambitions and providing patient capital, the firm enables SaaS companies to scale sustainably. SpringWater is actively pursuing further acquisitions across Europe and North America and is looking to hire for key positions both within its portfolio and internally in the coming months.