M&A Analyst

The role of an M&A Analyst at BlueThrone

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 — with 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.

🔥 Deals Are Your Game!

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, ask sharp questions and can lead conversations with calm confidence.
• Confident, not arrogant — you can hold a strong point of view, change it fast when new information appears and keep the conversation productive.
• Bias to action with good judgment — you move quickly, but you know when diligence and precision matter more than speed.
• Highly analytical — you love digging into data, finding patterns and pressure-testing assumptions. Numbers are how you build conviction.
• Strong communicator — you can simplify complexity, write clearly and present with confidence.
• Comfortable with ambiguity — we’re building and iterating constantly. You thrive when things aren’t
  perfectly defined.

⭐️ Bonus Points:

• Double credit — you’ve actually built financial models for mobile app businesses, subscription cohorts, ad-revenue forecasts, or ROAS-based acquisition models.
• Experience working with debt — you’ve modeled or worked with debt structures and understand how leverage impacts returns.
• SaaS experience — you understand SaaS metrics (MRR, ARR, net revenue retention, churn, expansion revenue) and how to evaluate SaaS businesses.
• Experience running or supporting end-to-end M&A processes — from LOI through close.
• Buy-side experience — PE, growth equity, venture, or corporate M&A.

A Few Examples of Your Responsibilities:

• Build and pressure-test investment cases — turn messy data into clear decisions on value, risk and structure.
• Upgrade our modeling capabilities and templates — improve cohort models, valuation tooling, scenario analysis and IC-ready outputs.
• Work across the team on high-leverage projects — partner with sourcing, diligence and operators to connect ‘what we buy’ to ‘how we create value’.

• Run a tight process — own timelines, push decisions forward and make sure the work gets finished to a high standard.

Why This Role Might Be a Great Fit

This is for someone who wants to be at the center of deal-making — not watching from the sidelines.
• You’re not waiting for an assignment — you see what needs to happen and you do it.
• You care about getting the answer right, but you also care about getting it done.
• You’ve built real models under real deadlines (and dealt with real data gaps).
• You prefer a lean team where your work directly drives investment decisions
• You want exposure to the full lifecycle — sourcing, evaluation, execution and portfolio value creation.

Equal opportunities for everyone 💖
To truly represent our vibrant and diverse BlueThrone community, we prioritize diversity and inclusion. We are committed to fostering an environment where everyone can do their best work. We strongly encourage applicants of all backgrounds. We consider all candidates regardless of age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, veteran status, neurodiversity, or disability. If you need reasonable adjustments at any point in the application or interview process, please let us know.DepartmentApp Acquisition – M&ARoleInvestment AssociateLocationsMultiple locationsRemote statusFully RemoteEmployment typeFull-time

About BlueThrone

BlueThrone is a remote-first company
that work from all around the world.

Our specialty is turning product market-fit apps into companies. We have over 80 million organic downloads
and 22.5 million monthly active users.

With a mission to transform iOS and Android applications to a new scale, we’ve achieved a remarkable ARR in just 25 months, exemplifying sustainable growth and innovation.

Our team, rich in tech entrepreneurship and mobile marketing expertise, thrives in an environment that values agility, growth mindset, flexibility, creativity, and tangible outcomes.

Founded in 2021

Co-workers 65+

Turnover $14 Million+

To learn more about BlueThrone visit their website

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