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>Prove made $109M in 2021, a 90% increase over 2020.</li><li>Prove's multiple is comparable to its publicly-listed competitors.</li><li>In October 2025, Prove launched the Prove Identity Graph claiming coverage of 90%+ of digital consumers across 227 countries and territories.</li></ul>

Prove made $109M in 2021, a 90% increase over 2020.Prove's multiple is comparable to its publicly-listed competitors.In October 2025, Prove launched the Prove Identity Graph claiming coverage of 90%+ of digital consumers across 227 countries and territories.

<ul><li>BigID is a data governance platform doing about $74M ARR as of the end of 2022, up 48% YoY.</li><li>BigID is valued at over $1 billion as of their 2024 funding round, led by Riverwood Capital.</li><li>The company's target customer profile is firmly enterprise: today, they have roughly a few hundred customers in this segment, many of which signed up through reseller partnerships with AWS, Microsoft, SAP, and Snowflake.</li></ul>

BigID is a data governance platform doing about $74M ARR as of the end of 2022, up 48% YoY.BigID is valued at over $1 billion as of their 2024 funding round, led by Riverwood Capital.The company's target customer profile is firmly enterprise: today, they have roughly a few hundred customers in this segment, many of which signed up through reseller partnerships with AWS, Microsoft, SAP, and Snowflake.

<ul><li>Teleskope closed a $25M Series A in November 2025 led by M13, with participation from Primary Venture Partners and Lerer Hippeau.</li><li>Cyera has emerged as the category leader with $760M raised and a $6B valuation, positioning itself as a comprehensive data security platform.</li><li>The launch of Prism represents a significant expansion beyond traditional data classification into business-level document understanding.</li></ul>

Teleskope closed a $25M Series A in November 2025 led by M13, with participation from Primary Venture Partners and Lerer Hippeau.Cyera has emerged as the category leader with $760M raised and a $6B valuation, positioning itself as a comprehensive data security platform.The launch of Prism represents a significant expansion beyond traditional data classification into business-level document understanding.

<ul><li>In October 2025, Veeam agreed to acquire Securiti AI for about $1.73B in cash and stock, with the deal expected to close the first week of December 2025.</li><li>Veeam's competitive advantage stems from its early focus on virtualized environments and subsequent expansion into cloud backup.</li><li>Veeam has tailwinds from the rapid growth in data generation and cloud migration, with opportunities to expand beyond its core backup business into adjacent markets like cybersecurity and data governance.</li></ul>

In October 2025, Veeam agreed to acquire Securiti AI for about $1.73B in cash and stock, with the deal expected to close the first week of December 2025.Veeam's competitive advantage stems from its early focus on virtualized environments and subsequent expansion into cloud backup.Veeam has tailwinds from the rapid growth in data generation and cloud migration, with opportunities to expand beyond its core backup business into adjacent markets like cybersecurity and data governance.

<ul><li>Lacework hit about $60M ARR at the end of 2021.</li><li>Lacework was acquired by Fortinet in June 2024 for an estimated $200–230 million, a significant drop from its last private valuation of $8.3B in November 2021.</li><li>Their average deal size grew from $100,000 in 2019 to $150,000 by the end of 2021.</li></ul>

Lacework hit about $60M ARR at the end of 2021.Lacework was acquired by Fortinet in June 2024 for an estimated $200–230 million, a significant drop from its last private valuation of $8.3B in November 2021.Their average deal size grew from $100,000 in 2019 to $150,000 by the end of 2021.

United States

Tool for verifying digital identities using mobile phone data across industries

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Prove (PROVE US)

Primer: Prove - 04 Jan 2026

Tool for verifying digital identities using mobile phone data across industries

Sacra

Primer: BigID - 22 Mar 2026

Software for discovering, classifying, and securing sensitive data across cloud and on-prem systems

Sacra

Primer: Teleskope - 05 Nov 2025

Platform for automating data security, privacy, and compliance through AI-driven data classification and remediation

Sacra

Primer: Veeam - 21 Oct 2025

Software for data backup, recovery, and security across cloud, virtual, and physical environments

Sacra

Primer: Lacework - 15 Aug 2025

Security tool for cloud environments to detect threats and misconfigurations across workloads

Sacra

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