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>Sacra estimates Runway reached $200M ARR in August 2026, up 108% from $96M at the end of 2025, following 37% YoY growth in 2025.</li><li>Runway reported net revenue retention above 300% in August 2026, with one Fortune 20 customer increasing its usage 17x during the year.</li><li>As of February 10, 2026, Runway closed a $315M Series E led by General Atlantic, with participation from NVIDIA, Adobe Ventures, AllianceBernstein, AMD Ventures, Fidelity, Mirae Asset, Emphatic Capital, Felicis, and Premji Invest, at a $5.3B post-money valuation.</li></ul>

Sacra estimates Runway reached $200M ARR in August 2026, up 108% from $96M at the end of 2025, following 37% YoY growth in 2025.Runway reported net revenue retention above 300% in August 2026, with one Fortune 20 customer increasing its usage 17x during the year.As of February 10, 2026, Runway closed a $315M Series E led by General Atlantic, with participation from NVIDIA, Adobe Ventures, AllianceBernstein, AMD Ventures, Fidelity, Mirae Asset, Emphatic Capital, Felicis, and Premji Invest, at a $5.3B post-money valuation.

<ul><li>Mirage raised a $60 million Series C in July 2024 led by Index Ventures, with participation from Kleiner Perkins, Sequoia Capital, and Andreessen Horowitz.</li><li>Mirage operates a B2B2C freemium SaaS model with multiple revenue streams targeting different customer segments.</li><li>Mirage is expanding beyond individual creators into enterprise video workflows with advanced features for marketing teams, sales organizations, and training departments.</li></ul>

Mirage raised a $60 million Series C in July 2024 led by Index Ventures, with participation from Kleiner Perkins, Sequoia Capital, and Andreessen Horowitz.Mirage operates a B2B2C freemium SaaS model with multiple revenue streams targeting different customer segments.Mirage is expanding beyond individual creators into enterprise video workflows with advanced features for marketing teams, sales organizations, and training departments.

<ul><li>Sacra estimates that Luma AI generated $8 million in annualized revenue as of December 2024, following the launch of its Dream Machine consumer app in November.</li><li>As of August 2025, Luma AI is seeking to raise at least $1.1 billion at a valuation of $3.2 billion, which reflects an increase of nearly 13 times its valuation from early 2024.</li><li>The company is engaging Hollywood's creative professionals through Dream Lab LA, which offers filmmakers free research and development space alongside on-site technical experts.</li></ul>

Sacra estimates that Luma AI generated $8 million in annualized revenue as of December 2024, following the launch of its Dream Machine consumer app in November.As of August 2025, Luma AI is seeking to raise at least $1.1 billion at a valuation of $3.2 billion, which reflects an increase of nearly 13 times its valuation from early 2024.The company is engaging Hollywood's creative professionals through Dream Lab LA, which offers filmmakers free research and development space alongside on-site technical experts.

United States

AI platform enabling users to generate realistic videos from text prompts and images

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Luma AI (AI US)

Primer: Runway - 09 Oct 2026

Web-based video editing software with AI tools for creators, marketers, and filmmakers

Sacra

Primer: Mirage - 07 Dec 2025

AI-powered platform enabling creators and businesses to generate and edit short-form videos for social media

Sacra

Primer: Luma AI - 06 Aug 2025

AI platform enabling users to generate realistic videos from text prompts and images

Sacra

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