Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>AngelList raised $100 million in March 2022 at a $4.1 billion valuation, led by Tiger Global and Accomplice.</li><li>AngelList operates a hybrid model combining SaaS-like recurring fees with transaction revenue and performance-based carry.</li><li>AngelList Treasury offers network-sweep bank accounts, money market funds, and capital call credit lines to any fund manager—including those not using core administration services.</li></ul>

AngelList raised $100 million in March 2022 at a $4.1 billion valuation, led by Tiger Global and Accomplice.AngelList operates a hybrid model combining SaaS-like recurring fees with transaction revenue and performance-based carry.AngelList Treasury offers network-sweep bank accounts, money market funds, and capital call credit lines to any fund manager—including those not using core administration services.

<ul><li>Sacra estimates that Betterment hit $215M in revenue in 2024, up 41% year-over-year from $153M in 2023.</li><li>Betterment's AUM continued growing through 2025 and into 2026, reaching $55B+ by February 2025, $65B+ by November 2025, and $70B+ by August 2026.</li><li>Betterment acquired Ellevest's automated investing business in February 2025, transferring approximately $1.1B in AUM from ~70,000 clients in mid-April 2025.</li></ul>

Sacra estimates that Betterment hit $215M in revenue in 2024, up 41% year-over-year from $153M in 2023.Betterment's AUM continued growing through 2025 and into 2026, reaching $55B+ by February 2025, $65B+ by November 2025, and $70B+ by August 2026.Betterment acquired Ellevest's automated investing business in February 2025, transferring approximately $1.1B in AUM from ~70,000 clients in mid-April 2025.

<ul><li>Sacra estimates that Wealthfront grew revenue to $184M in 2023, up 117% from $91M in 2022.</li><li>In September 2025, Wealthfront filed publicly for an IPO, disclosing plans to list on Nasdaq under WLTH with an offering led by Goldman Sachs and JPMorgan.</li><li>Today, Wealthfront manages over $60B in assets for more than 800,000 clients.</li></ul>

Sacra estimates that Wealthfront grew revenue to $184M in 2023, up 117% from $91M in 2022.In September 2025, Wealthfront filed publicly for an IPO, disclosing plans to list on Nasdaq under WLTH with an offering led by Goldman Sachs and JPMorgan.Today, Wealthfront manages over $60B in assets for more than 800,000 clients.

<ul><li>private markets and venture capital still lack a high engagement daily workflow anchor</li><li>most venture capital firms aren&#39;t doing. Most, 80% to 90% of them, would rather buy.</li><li>Historically, edges in venture have been difficult to find.</li></ul>

private markets and venture capital still lack a high engagement daily workflow anchormost venture capital firms aren&#39;t doing. Most, 80% to 90% of them, would rather buy.Historically, edges in venture have been difficult to find.

Alex Johnson, co-founder & CEO Of Velvet, On Vertical AI For Venture Capital

<ul><li>Betterment's revenue growth rate has significantly increased in the past year.</li><li>The valuation trajectory of Betterment indicates a positive outlook for the coming quarters.</li><li>There is a strong emphasis on expanding customer base and improving technology offerings.</li></ul>

Betterment's revenue growth rate has significantly increased in the past year.The valuation trajectory of Betterment indicates a positive outlook for the coming quarters.There is a strong emphasis on expanding customer base and improving technology offerings.

Betterment Revenue, Growth, And Valuation

United States

Marketplace and software for managing SPVs, venture funds, and private startup investments

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AngelList (ANGELLIST US)

Primer: AngelList - 12 Jan 2026

Marketplace and software for managing SPVs, venture funds, and private startup investments

Sacra

Primer: Betterment - 24 Aug 2026

Dashboard for automated investing and high-yield cash accounts for retail investors

Sacra

Primer: Wealthfront - 22 Dec 2025

Dashboard for automated investing and high-yield cash accounts for retail investors

Sacra

Alex Johnson, co-founder & CEO Of Velvet, On Vertical AI For Venture Capital

Can you walk us through your inspiration for starting the company and a short description of what Velvet is...

Sacra

Betterment Revenue, Growth, And Valuation

Sacra model for Betterment's revenue, AUM, and competitors.

Sacra

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