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 Nile hit $7.5M in ARR at the end of 2023, with approximately 75 customers paying between $25K to $300K annually.</li><li>The company tripled its customer base between September 2022 and August 2023, suggesting strong growth albeit from a small base.</li><li>Nile was valued at $750M in its Series C round completed in July 2023, which raised $175M.</li></ul>

Sacra estimates Nile hit $7.5M in ARR at the end of 2023, with approximately 75 customers paying between $25K to $300K annually.The company tripled its customer base between September 2022 and August 2023, suggesting strong growth albeit from a small base.Nile was valued at $750M in its Series C round completed in July 2023, which raised $175M.

<ul><li>Sacra estimates Nile reached $7.5M in annual recurring revenue (ARR) in 2023, up 400% YoY.</li><li>Enterprise networking used to mean either buying Cisco ($54B/year in revenue) hardware upfront and hiring an IT team to run it, or complete outsourcing to a managed service provider (MSP)—creating an opportunity for ex-Cisco CEO John Chambers to launch Nile (2022) as a fully-managed network-as-a-service with hardware included.</li><li>Unlike traditional networking where vendors like Cisco and Juniper lose 25-30% of customer spend to the 20,000 domestic MSPs that set up and maintain their hardware, Nile’s direct-to-business model and standardized commodity hardware enables ~80% gross margins at scale versus 60-65% for incumbents.</li></ul>

Sacra estimates Nile reached $7.5M in annual recurring revenue (ARR) in 2023, up 400% YoY.Enterprise networking used to mean either buying Cisco ($54B/year in revenue) hardware upfront and hiring an IT team to run it, or complete outsourcing to a managed service provider (MSP)—creating an opportunity for ex-Cisco CEO John Chambers to launch Nile (2022) as a fully-managed network-as-a-service with hardware included.Unlike traditional networking where vendors like Cisco and Juniper lose 25-30% of customer spend to the 20,000 domestic MSPs that set up and maintain their hardware, Nile’s direct-to-business model and standardized commodity hardware enables ~80% gross margins at scale versus 60-65% for incumbents.

United States

Network-as-a-service with hardware included for offices and college campuses

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Nile (NILESECURE US)

Primer: Nile - 14 Dec 2024

Network-as-a-service with hardware included for offices and college campuses

Sacra

Nile At $7.5M ARR

TL;DR: Sacra estimates Nile reached $7.5M in annual recurring revenue (ARR) in 2023, up 400% YoY, by converting the upfront capex of enterprise...

Sacra

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