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>Twitter launched link previews in October 2013, making their feed more visual and giving marketers more real estate to craft images and stand out in the feed.</li><li>By reducing design into filling pre-configured rectangles, Canva hit $1.7B in annual recurring revenue (ARR), up 54% from $1.1B last year, with a valuation of $39B giving them a 23x forward revenue multiple.</li><li>Canva’s long-term goal is to entrench themselves as a “third place” productivity suite between Adobe/Figma and Google Workspace/Microsoft Office just as Starbucks made the coffee shop the third place between home and work.</li></ul>

Twitter launched link previews in October 2013, making their feed more visual and giving marketers more real estate to craft images and stand out in the feed.By reducing design into filling pre-configured rectangles, Canva hit $1.7B in annual recurring revenue (ARR), up 54% from $1.1B last year, with a valuation of $39B giving them a 23x forward revenue multiple.Canva’s long-term goal is to entrench themselves as a “third place” productivity suite between Adobe/Figma and Google Workspace/Microsoft Office just as Starbucks made the coffee shop the third place between home and work.

Canva: The $1.7B/year Rectangle Generator

<ul><li>Retool found product-market fit saving developer time building admin panels, dashboards, and other simple internal CRUD tools (create-read-update-delete) in ~1 day instead of ~2 weeks by giving them pre-built components to wire up on top of their production database.</li><li>Retool is per-seat subscription SaaS—they went from $10M ARR in 2020 to $30M ARR in 2021, and as of 2022, they’re at $82M ARR, growing 173% year-over-year.</li><li>Retool’s strength in the enterprise comes from its engineering-centric paradigm that unlike no-code tools, allows teams to build secure tooling for ETL tasks ala Census ($80M raised), devops ala Sentry ($3B valuation) and metrics reporting ala Looker (acq. for $2.6B) with access management, data integrity and other safety guarantees around their mission-critical production data and business logic—without having to buy more enterprise SaaS.</li></ul>

Retool found product-market fit saving developer time building admin panels, dashboards, and other simple internal CRUD tools (create-read-update-delete) in ~1 day instead of ~2 weeks by giving them pre-built components to wire up on top of their production database.Retool is per-seat subscription SaaS—they went from $10M ARR in 2020 to $30M ARR in 2021, and as of 2022, they’re at $82M ARR, growing 173% year-over-year.Retool’s strength in the enterprise comes from its engineering-centric paradigm that unlike no-code tools, allows teams to build secure tooling for ETL tasks ala Census ($80M raised), devops ala Sentry ($3B valuation) and metrics reporting ala Looker (acq. for $2.6B) with access management, data integrity and other safety guarantees around their mission-critical production data and business logic—without having to buy more enterprise SaaS.

Retool: The $82M ARR Internal App Builder

<ul><li>Adobe announced today that it has agreed to buy Figma in a deal valued at $20B.</li><li>Figma is at about $340M ARR now, growing 100% YoY and projected to cross $400M ARR by end of year.</li><li>Even with instant distribution to 26M+ Creative Cloud customers, Adobe XD failed in its attempt to use bundlenomics to dislodge Figma’s dominant position among designers.</li></ul>

Adobe announced today that it has agreed to buy Figma in a deal valued at $20B.Figma is at about $340M ARR now, growing 100% YoY and projected to cross $400M ARR by end of year.Even with instant distribution to 26M+ Creative Cloud customers, Adobe XD failed in its attempt to use bundlenomics to dislodge Figma’s dominant position among designers.

<ul><li>I think QuickBooks and Xero are excellent tools, and they integrate well with other companies.</li><li>Right now, Pry doesn’t offer this sort of “budget and it ties to your card” reconciliation yet.</li><li>Our mission at inDinero was to automate the CFO, and it&#39;s in some sense still here with me at Pry.</li></ul>

I think QuickBooks and Xero are excellent tools, and they integrate well with other companies.Right now, Pry doesn’t offer this sort of “budget and it ties to your card” reconciliation yet.Our mission at inDinero was to automate the CFO, and it&#39;s in some sense still here with me at Pry.

Andy Su, co-founder Of Pry, On Building The "Figma Of Finance"

<ul><li>For me, what it came down to at Gamma is, we&#39;re not trying to create an incrementally better slideware tool.</li><li>So all these things -- realizing that there&#39;s a massive opportunity where how we work today has dramatically shifted how this medium that has been used universally across companies of all sizes to communicate, share ideas and bounce things back and forth, could look like -- is what got us excited about Gamma.</li><li>Obviously COVID rapidly accelerated our shift away from this era of work.</li></ul>

For me, what it came down to at Gamma is, we&#39;re not trying to create an incrementally better slideware tool.So all these things -- realizing that there&#39;s a massive opportunity where how we work today has dramatically shifted how this medium that has been used universally across companies of all sizes to communicate, share ideas and bounce things back and forth, could look like -- is what got us excited about Gamma.Obviously COVID rapidly accelerated our shift away from this era of work.

Grant Lee, co-founder Of Gamma, On Rethinking The Primitives Of Presentations

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)

Canva: The $1.7B/year Rectangle Generator

TL;DR: Canva ($1.7B ARR) got product-market fit helping social media marketers throw text on images. Now they’re building a “third place”...

Sacra

Retool: The $82M ARR Internal App Builder

Retool went from bottom-up PLG to enterprise elephant-hunting en route to $82M ARR. Now they’re building out a parallel, low-code version of the...

Sacra

How Figma Defied Adobe's Bundlenomics

Figma's $20B sale to Adobe reflects both that it beat back Adobe's attempt to break it with bundle economics, and that it faced the daunting task...

Sacra

Andy Su, co-founder Of Pry, On Building The "Figma Of Finance"

Sacra interview with Andy Su, the co-founder and CEO of Pry.

Sacra

Grant Lee, co-founder Of Gamma, On Rethinking The Primitives Of Presentations

Sacra interview with Grant Lee, the CEO and co-founder of Gamma.

Sacra

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)