Investment Criteria

Etna Capital invests in enterprise software, IT services, tech-enabled and industrial technology businesses with strong competitive positions, recurring or re-occurring revenue and high customer retention. We focus on family- and founder-owned businesses, corporate carve-outs, orphan assets and those poised for breakout growth.

<$150M

Enterprise Value
>$5M

Software ARR
>$10M

Services Revenue
>$3M

Services EBITDA
Etna-logo

About Etna Capital

Etna Capital is a private equity firm investing funds for others in family- and founder-owned businesses in the enterprise software, technology services and industrial technology sectors. We deliver transparency to founders and management teams, taking a hands-on, collaborative approach towards value creation, optimizing operations and building enduring businesses.

Our Portfolio

Partnering with exceptional founders and management teams to build enduring businesses.

CodeRoad logo

Team

Peter Leibman
CEO
linkedin
Tom Behringer
Vice President
linkedin
Adam Lewis
Senior Associate
linkedin

At-a-Glance

15+

Years of Experience
20+

Investments Closed
$500M+

Capital Deployed