Haatch, the award-winning early-stage investor, is pleased to announce the successful all-cash exit of Re-flow, a leading field management SaaS company, delivering up to 6.55x returns for investors in its EIS funds.
The acquisition by a private equity firm marks another significant milestone in Haatch’s mission to back, scale, and exit high-growth B2B SaaS companies.

A Blueprint for EIS Success
Haatch first backed Re-flow in 2020, recognising its potential to modernise outdated construction, highway, and civil engineering field management processes. Since then, the company has experienced rapid growth, expanding from 1,500 users and £27K MRR at the time of investment to over 30,000 users at the time of exit.
Haatch’s investors benefited from exposure to Re-flow through two EIS funds:
EIS Fund 4 (2020 investment): 6.55x return
EIS Fund 8 (2022 investment): 4.10x return
Both investments surpassed the minimum 3-year holding period, ensuring that all gains for investors are completely tax-free under EIS regulations.

Why We Invested
Re-flow was built to solve a real and urgent problem: the inefficiencies of field operations across construction and infrastructure. Before Re-flow, businesses relied on paper-based processes, fragmented communication, and manual compliance tracking. Re-flow’s mobile-first SaaS solution streamlined these operations, driving significant efficiency and compliance improvements for major clients, including, AA, Tarmac, WJ Group, HTM and Eurofins Forensic Services.

Haatch’s investment was not just financial—we worked closely with the Re-flow team to refine their sales and marketing strategy, expand their enterprise client base, and accelerate ARR growth.

A Strong Track Record of Scaling and Exits
Re-flow is a prime example of Haatch’s B2B SaaS investment strategy in action—identifying and backing companies solving immediate pain points with scalable, high-retention solutions. With 80% of our portfolio still under four years old, this exit is a signal of the future success stories to come.

“Early-stage investment funds and angels have been critical to Re-flow’s growth to date, enabling us to scale rapidly and deliver real value. With Haatch’s support, we expanded our impact and transformed field operations for the industries we serve.”

Mike Saunders, CEO at Re-flow

“We are entering an exciting phase where many of our companies will start reaching maturity and preparing for exit. We look forward to sharing more outstanding success stories as our portfolio companies continue to thrive and realise their full potential.”

Scott Weavers-Wright, General Partner at Haatch

Looking Ahead
Haatch remains focused on sourcing, nurturing, and scaling the UK’s best early-stage B2B SaaS companies to the point of exit, ensuring continued high-value returns for our investors.

About Haatch:
Founded by Scott Weavers-Wright OBE and Fred Soneya in 2013 as an angel co-investment joint venture under the ‘Haatch Angel’ brand, Haatch is now an award-winning pre-seed and seed-stage fund manager backing B2B SaaS businesses solving deep pains and/or creating large impact for organisations.

In 2018, Haatch launched the Haatch EIS fund before launching the Haatch SEIS fund in 2021. These funds provide investors with access to what Haatch deems an extremely exciting early-stage and scale-up investment portfolio. Haatch now has a portfolio of over 100 companies, into which it has made 150+ investments, with a total portfolio valuation exceeding £1 billion.

Haatch is made up of entrepreneurs and operators, with over $200 million of exits between them. Over 1,500 entrepreneurs, business leaders, and C-suite executives have invested in Haatch’s funds, and the firm continues to lead the way in lowering the barrier to invest in VC, allowing a broader range of investors to participate in high-growth early-stage ventures.

Additionally, Haatch has secured a £20 million total partnership with the British Business Bank through its Regional Angels Programme, following an initial £10 million commitment that has now been reinvested with an additional £10 million, further strengthening its ability to support early-stage businesses across the UK.

Haatch also manages an £8 million co-investment fund with ESAIF (formerly D2N2), focused on backing breakout B2B SaaS businesses in the East Midlands, reinforcing Haatch’s commitment to supporting high-growth technology ventures in regional ecosystems.