Dirk Sahlmer

I help Tech founders exit | Partner @ FE International | saas.wtf Newsletter

Cologne, North Rhine-Westphalia, Germany

About

Engineer by training, tech M&A advisor by choice – and a compulsive analyst of the SaaS market in between. I spent close to six years as the first full-time hire at saas.group, where I built the deal-origination engine from scratch. Over that time I evaluated 2,500+ SaaS companies and helped close 20+ acquisitions in the $1–10M ARR range. Today I'm a Partner at FE International, one of the leading M&A advisors for small-cap SaaS and tech businesses, running sell-side processes for founders looking to exit. Having sat on both sides of the table – buy-side sourcing and sell-side – I've seen what actually moves valuations, what buyers really pay for, and where founders leave money (and leverage) on the table. That mix shapes what I write about. I read the SaaS and tech market the way an analyst would: valuation benchmarks and multiples, SaaS metrics, the impact of AI on how software gets built and priced, and the bigger shifts reshaping the category (yes, including the recurring "SaaS is dead" debate). Then I pair that with the patterns I see up close in live M&A conversations – what's working, what's mispriced, and what founders should know long before they ever think about selling. The throughline: helping tech founders build better and more valuable companies and, when the time comes, have a great exit. I write about all of this here on LinkedIn and in more depth in my newsletter, saas.wtf. If you're a SaaS founder curious what your business might be worth – or just want a sharper read on the market – feel free to reach out.

Experience

  • Partner at FE International, Inc.
    Oct 2025 - Present · 10 mos

    Partner at FE International, one of the leading M&A advisors for SaaS, marketplace, e-commerce, and digital media businesses, with a focus on European and DACH-market founders. I run sell-side processes end to end for tech founders looking to exit – origination, valuation and positioning, CIM production, buyer outreach and qualification, negotiation, and execution through to close. In practice that means helping founders understand what their business is genuinely worth, building a competitive process around it, and landing the best outcome with the right investor or buyer.

  • saas.group (Full-time · 5 yrs 9 mos)
    • Head of Origination
      Jan 2023 - Sep 2025 · 2 yrs 9 mos

      saas.group acquires and scales bootstrapped B2B SaaS companies. I was the first full-time hire and built the deal-origination function from the ground up. Over close to six years I evaluated 2,500+ SaaS businesses and helped source and close 20+ acquisitions in the $1–10M ARR range. I owned the full top of funnel: market mapping, founder outreach and relationship-building, valuation and fit assessment, and moving deals from first contact to signed LOI. This is where the pattern recognition I write about now comes from – what separates a SaaS business that sells well from one that doesn't, how buyers actually weigh quality and risk, and where valuations really get set.

    • M&A Manager
      May 2022 - Jan 2023 · 9 mos

    • Associate
      Apr 2021 - Apr 2022 · 1 yr 1 mo

  • VC Investments at TS Ventures
    Jan 2020 - Aug 2021 · 1 yr 8 mos

    TS Ventures is the angel investment vehicle of serial entrepreneur Tim Schumacher and his investment partner Stephan Jacquemot, backing early-stage tech startups. I sourced and screened a high volume of early-stage companies, supported the full investment process from first look through to deal, and worked hands-on with founders post-investment. We made 10 investments during my time there. It was where I learned to source and evaluate early-stage tech at speed – to read a young company quickly and judge what actually makes it worth backing. Working alongside Tim here is what led me to become the first hire at saas.group.

  • Co-Founder at carlotta
    Jul 2018 - Dec 2019 · 1 yr 6 mos

    Co-founder of carlotta, which started as a project in an entrepreneurship seminar at the University of Stuttgart and grew into something my co-founders and I decided to pursue beyond. carlotta was a software-based parking-management solution that helped parking garage operators and retailers monetize their unused parking lots – pairing a consumer app and license-plate-recognition cameras with marketing incentives like vouchers to turn idle space into revenue. We had a working product, signed LOIs, and a handful of pilot projects. In the end we couldn't convert that early traction into commercial success and chose to part ways – but I walked away with a founder's-eye view of how hard it is to build, sell, and scale a product from zero.

  • Research Assistant - Vehicle Aerodynamics at FKFS - Forschungsinstitut für Kraftfahrwesen und Fahrzeugmotoren Stuttgart
    Jan 2018 - Feb 2019 · 1 yr 2 mos