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>Self-serve SaaS pushed “little P” procurement out to employees on the edge who purchased the tools they wanted to use without consulting finance & procurement, threatening the company with compliance & security risk and committing the company to price, terms & renewal.</li><li>The “little P” procurement stack of integrating & overlapping tools has emerged with Zip ($333M raised, Tiger Global) for intake-to-procure, Ramp ($648M revenue in 2024) & Brex ($319M revenue in 2023) for expense management, Ironclad ($333M raised, Accel) & Icertis ($497M raised, Greycroft) for contract lifecycle management (CLM) and AI-native upstarts like BRM ($21.6M raised, Caffeinated Capital) for vendor management.</li><li>With AI and agents, we now have an opportunity to actually serve and open up that entire market, and we're starting to do that.</li></ul>

Self-serve SaaS pushed “little P” procurement out to employees on the edge who purchased the tools they wanted to use without consulting finance & procurement, threatening the company with compliance & security risk and committing the company to price, terms & renewal.The “little P” procurement stack of integrating & overlapping tools has emerged with Zip ($333M raised, Tiger Global) for intake-to-procure, Ramp ($648M revenue in 2024) & Brex ($319M revenue in 2023) for expense management, Ironclad ($333M raised, Accel) & Icertis ($497M raised, Greycroft) for contract lifecycle management (CLM) and AI-native upstarts like BRM ($21.6M raised, Caffeinated Capital) for vendor management.With AI and agents, we now have an opportunity to actually serve and open up that entire market, and we're starting to do that.

James McGillicuddy, CEO Of BRM, On The Problem With “Little P” Procurement

<ul><li>Canva hit $2.55B of annual recurring revenue (ARR) in September 2024, up 44% YoY.</li><li>Canva is reinventing itself as an AI company.</li><li>Monthly active users (MAUs) have grown 49% YoY to 220M with usage of Canva’s AI tools now up to 800M times per month—up 700% YoY.</li></ul>

Canva hit $2.55B of annual recurring revenue (ARR) in September 2024, up 44% YoY.Canva is reinventing itself as an AI company.Monthly active users (MAUs) have grown 49% YoY to 220M with usage of Canva’s AI tools now up to 800M times per month—up 700% YoY.

<ul><li>Sacra estimates Webflow hit $200M in ARR in 2023, growing approximately 48% year-over-year from $135M in 2022.</li><li>Webflow raised $750M in a Series C round led by Y Combinator, CapitalG, Accel, and Silversmith in March 2022, reaching a $4B valuation.</li><li>Webflow operates in the website creation and content management market, competing across three distinct segments: visual development platforms, traditional CMS providers, and specialized design tools.</li></ul>

Sacra estimates Webflow hit $200M in ARR in 2023, growing approximately 48% year-over-year from $135M in 2022.Webflow raised $750M in a Series C round led by Y Combinator, CapitalG, Accel, and Silversmith in March 2022, reaching a $4B valuation.Webflow operates in the website creation and content management market, competing across three distinct segments: visual development platforms, traditional CMS providers, and specialized design tools.

<ul><li>Sacra estimates Miro hit $665M in annual recurring revenue (ARR) in 2024, growing about 5.6% year-over-year from $630M ARR at the end of 2024.</li><li>Miro achieved profitability early in its journey and has raised $476.3M in total funding, reaching a $17.5B valuation in 2023.</li><li>Miro has tailwinds from the massive shift to remote and hybrid work, plus growing demand for visual collaboration tools, and has the opportunity to expand into adjacent markets beyond its core whiteboarding functionality.</li></ul>

Sacra estimates Miro hit $665M in annual recurring revenue (ARR) in 2024, growing about 5.6% year-over-year from $630M ARR at the end of 2024.Miro achieved profitability early in its journey and has raised $476.3M in total funding, reaching a $17.5B valuation in 2023.Miro has tailwinds from the massive shift to remote and hybrid work, plus growing demand for visual collaboration tools, and has the opportunity to expand into adjacent markets beyond its core whiteboarding functionality.

<ul><li>FP&A incumbent Anaplan (founded in 2006) dramatically sped up the process of creating accurate forecasts by building a self-serve UI into key data sources—core financials, CRM, ERP—so that analysts could use live, actual data to build & edit models in Excel and memorialize them in the cloud.</li><li>Live browser-based editing & collaboration in FP&A à la Figma offers the potential for cross-side network effects and seat expansion that colonizes the entire org—versus Anaplan’s building & cross-selling department-specific FP&A solutions into sales & marketing, HR, supply chain and more.</li><li>The second way people get pulled in doesn’t start with finance at all. Maybe you just want to create a good sales forecast or a good product model directly, and you want to get there sooner because you want to start with real data.</li></ul>

FP&A incumbent Anaplan (founded in 2006) dramatically sped up the process of creating accurate forecasts by building a self-serve UI into key data sources—core financials, CRM, ERP—so that analysts could use live, actual data to build & edit models in Excel and memorialize them in the cloud.Live browser-based editing & collaboration in FP&A à la Figma offers the potential for cross-side network effects and seat expansion that colonizes the entire org—versus Anaplan’s building & cross-selling department-specific FP&A solutions into sales & marketing, HR, supply chain and more.The second way people get pulled in doesn’t start with finance at all. Maybe you just want to create a good sales forecast or a good product model directly, and you want to get there sooner because you want to start with real data.

Siqi Chen, CEO Of Runway, On Building browser-based Collaborative FP&A

United States

Figma, Inc. provides software solutions. The Company offers a browser-based platform for developers, product managers, and marketers which helps them with user interface designing, prototyping, and collaboration. Figma serves customers in the United States.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Figma (FIG US)

James McGillicuddy, CEO Of BRM, On The Problem With “Little P” Procurement

To start, why procurement and why now? It seems like there's a lot of new solutions out there with traction. We'd like to understand why that's...

Sacra

Canva At $2.55B ARR

TL;DR: Sacra estimates that Canva hit $2.55B of annual recurring revenue (ARR) in September 2024, up 44% YoY. With its acquisition of foundation...

Sacra

Primer: Webflow - 07 Dec 2024

Website builder with visual editor, CMS, and hosting for no-code custom sites

Sacra

Primer: Miro - 07 Dec 2024

Online whiteboard tool for collaborative brainstorming, planning, and project execution across teams

Sacra

Siqi Chen, CEO Of Runway, On Building browser-based Collaborative FP&A

You were previously running Sandbox VR and before that you were VP of Growth at Postmates. What got you interested in FP&A and in starting Runway...

Sacra

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)