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 that Grammarly hit $700M in annual recurring revenue (ARR) in May 2025, up from $650M at the end of 2024.</li><li>Grammarly maintains high gross margins of approximately 80% even with increased LLM-related costs from GrammarlyGO features.</li><li>Grammarly raised $1B in non-dilutive financing from General Catalyst’s Customer Value Fund, preserving its 2021 $13B equity valuation.</li></ul>

Sacra estimates that Grammarly hit $700M in annual recurring revenue (ARR) in May 2025, up from $650M at the end of 2024.Grammarly maintains high gross margins of approximately 80% even with increased LLM-related costs from GrammarlyGO features.Grammarly raised $1B in non-dilutive financing from General Catalyst’s Customer Value Fund, preserving its 2021 $13B equity valuation.

<ul><li>Sacra estimates that Pitch hit $10M in annual recurring revenue (ARR) in February 2025, up roughly 90% YoY from $4.9M at the end of 2023.</li><li>The company's revenue trajectory reflects its evolution from a design-focused presentation tool to a sales enablement platform.</li><li>Post-reset, Pitch achieved profitability by mid-2024 thanks to its lean operational structure centered in Berlin.</li></ul>

Sacra estimates that Pitch hit $10M in annual recurring revenue (ARR) in February 2025, up roughly 90% YoY from $4.9M at the end of 2023.The company's revenue trajectory reflects its evolution from a design-focused presentation tool to a sales enablement platform.Post-reset, Pitch achieved profitability by mid-2024 thanks to its lean operational structure centered in Berlin.

<ul><li>ClickUp reached a $4 billion valuation following its $400 million Series C round in October 2021, led by Andreessen Horowitz and Tiger Global Management.</li><li>ClickUp's recent launch of enterprise chat functionality signals its expansion into the broader workplace communication market.</li><li>ClickUp has tailwinds from the broad shift toward digital workplace collaboration and has the opportunity to grow and expand into adjacent markets beyond its core project management functionality.</li></ul>

ClickUp reached a $4 billion valuation following its $400 million Series C round in October 2021, led by Andreessen Horowitz and Tiger Global Management.ClickUp's recent launch of enterprise chat functionality signals its expansion into the broader workplace communication market.ClickUp has tailwinds from the broad shift toward digital workplace collaboration and has the opportunity to grow and expand into adjacent markets beyond its core project management functionality.

<ul><li>Sacra estimates Gamma hit $102M ARR in October 2025, up 3.3x from $30.5M at the end of 2024.</li><li>Foundation model companies OpenAI ($13B annualized revenue in July) and Anthropic ($5B annualized revenue in July) have begun to compete in slides as part of their multimodal push.</li><li>Adobe (NASDAQ: ADBE), Canva, and Figma (NYSE: FIG) would be natural acquirers of Gamma, which outperforms PowerPoint Copilot on ease of use, AI-first workflows & design.</li></ul>

Sacra estimates Gamma hit $102M ARR in October 2025, up 3.3x from $30.5M at the end of 2024.Foundation model companies OpenAI ($13B annualized revenue in July) and Anthropic ($5B annualized revenue in July) have begun to compete in slides as part of their multimodal push.Adobe (NASDAQ: ADBE), Canva, and Figma (NYSE: FIG) would be natural acquirers of Gamma, which outperforms PowerPoint Copilot on ease of use, AI-first workflows & design.

<ul><li>In October 2025, Prezent raised $30M in funding led by Greycroft, Multiplier Capital &amp; Nomura Strategic Ventures, valuing the company at $400M.</li><li>Prezent operates a B2B SaaS model targeting enterprise teams, particularly in sales, marketing, and executive communications.</li><li>Prezent's contextual AI engine Astrid can extend beyond slide creation to other long-form business content like sales proposals, one-pagers, and video explainers.</li></ul>

In October 2025, Prezent raised $30M in funding led by Greycroft, Multiplier Capital &amp; Nomura Strategic Ventures, valuing the company at $400M.Prezent operates a B2B SaaS model targeting enterprise teams, particularly in sales, marketing, and executive communications.Prezent's contextual AI engine Astrid can extend beyond slide creation to other long-form business content like sales proposals, one-pagers, and video explainers.

United States

Workspace software for notes, tasks, and databases with customizable layouts and collaboration

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Notion (NOTION US)

Primer: Grammarly - 09 Mar 2026

Writing assistant software offering grammar, spelling, tone, and style suggestions across platforms

Sacra

Primer: Pitch - 22 Dec 2025

Collaborative presentation software for modern teams to create, share, and manage presentations

Sacra

Primer: ClickUp - 14 Dec 2025

All-in-one work management software combining tasks, docs, goals, chat, and automation

Sacra

Gamma Vs Anthropic

TL;DR: As OpenAI and Anthropic move into slides as part of their multimodal push, Gamma has emerged as the AI-native leader in the space, making it...

Sacra

Primer: Prezent - 10 Oct 2025

AI-powered platform enabling users to create, manage, and deliver compelling, brand-compliant business presentations

Sacra

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