PEStore

Growth Equity

Armory Capital

Armory Capital takes minority stakes in growing companies, usually without full control. It states a focus on software & internet, healthcare & life sciences, consumer & retail and industrials & manufacturing.

Disclosed holdings
Earliest stated investment
Headquarters
Largest single fundNot stated

Stated investment criteria

What Armory Capital says it buys

Read from Armory Capital’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

People listed on its team page41

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. Armory Capital states that it will take either a controlling or a minority stake. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Armory Capital to consider any particular business, and nothing on this page is represented as being for sale.

Regulatory record

How Armory Capital is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusSEC registered
Regulatory assets under management$167m
Employees2
SEC adviser numberCRD 149008

Recorded transactions

Buying and selling

Deals in which Armory Capital is named as buyer or seller in the transaction archive. 1 recorded exit, most recently in 2020.

CompanySideCounterpartyYearConsideration
FE Moran Security SolutionsSoldSecuritas2020$82m

Compiled from a transaction archive of 10,204 recorded deals. Most private transactions are never disclosed, so this is a sample of a firm’s activity rather than a complete record of it.

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

The full software & internet picture - most active acquirers, recent transactions and every investor in the sector.

For owners

Own a software & internet business?

The investors on this page acquire companies like yours. A confidential valuation costs nothing, commits you to nothing, and nobody is told you asked.

Request a confidential valuation

For investors

Is this Armory Capital?

Claim this profile to correct anything wrong and tell us what you are looking for. We will send matching opportunities as they arise.

Claim or correct this profile

Targeted buyer search

Which hundred of these would actually buy your business?

A researched shortlist with a verified deal-team contact for each, and the reason it is on the list. Fixed fee, from $1,450 - or we make the approach for you and hand you the conversations.

See how it works

Comparable investors

Similar mandates

Other growth equity investors active in software & internet.