M&A Analyst

Find, evaluate and acquire mobile applications . Build the models , run the processes and help make the case for why we should pull the trigger.

If building financial models from a blank spreadsheet and looking to take a deal from start to completion, this role is for you.

This is not a back-office support function. You won't be formatting decks or updating trackers. You'll sit at the core of our investment engine : sourcing, evaluating and modeling acquisition opportunities.

You'll work directly with founders, dig into their data, build the conviction case alongside management and help us decide where to deploy capital.

If you want to be close to the deal and see your work directly translate into acquisitions, keep reading

About BlueThrone

BlueThrone is a remote-first company scaling a portfolio of mobile apps across multiple markets and categories.

We acquire apps with proven product-market fit and turn them into category leaders. We have 80M+ organic downloads, 22.5M+ monthly active users and a growing ARR built through sharp execution and six strategic acquisitions to date.

Our Investment team is the tip of the spear. We find the next great app or strategic SaaS acquisition, build the case, negotiate the deal and hand it off to our operating teams to scale. It's fast, high ownership and every deal is different.

The Role

You'll join BlueThrone's Investment team, working alongside our sourcing and acquisitions functions to identify, evaluate and execute on mobile app acquisitions as well as complementary and strategic SaaS acquisitions that bolster our platform.

Your mission: take a lead from first look to IC recommendation, request the data, build the model, stress-test the thesis and work with the team to build a clear 'buy/don't buy' case for the Investment Committee.

You'll source deals and take founder meetings, manage end-to-end deal processes, collaborate cross-functionally with our product, growth and monetization teams and help shape how we evaluate opportunities across partnerships and acquisitions.

What you'll need to succeed:

• Build financial models from scratch — subscription cohort models , ad-monetized revenue builds, ROAS -based projections, SaaS metrics models and blended acquisition models across mobile apps and complementary SaaS businesses.

• Evaluate acquisition targets — request data access, analyze KPIs (LTV, CAC, retention, churn, ARPU), identify risks and form an independent view on value.

• Support IC preparation — work with the Chief Investment Officer to structure the investment thesis, build supporting materials and contribute to Investment Committee presentations, with the opportunity to eventually present directly.

• Meet with founders — conduct intro calls and deep-dive sessions with app founders , approaching every conversation with curiosity and empathy.

• Run deal processes — manage timelines, coordinate diligence work streams, track deliverables and keep deals moving.

• Collaborate cross-functionally — work closely with the investment team, sourcing team, product, and growth teams to assess post-acquisition optimization potential and build a complete picture of each opportunity.

What you'll need to succeed:

• 2–4 years in investment banking , corporate finance, or a buy-side role with hands-on deal experience.

• Mobile app experience — you understand the app ecosystem , key metrics (MAU, DAU, retention curves, ARPU, LTV, CAC) and how mobile businesses work.

• Exceptional financial modeling skills — you've built models from scratch , not just inherited and tweaked them. You know your way around a DCF , an LBO and ideally a subscription/cohort-based model.

• Strong accounting and finance fundamentals — you understand how the three statements connect, you're comfortable with working capital adjustments , EV-to-equity bridges and purchase price mechanics.

• Founder-facing presence — you build trust quickly,