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>Supabase hit $70M in annually recurring revenue (ARR) in August 2025, up from $30M at the end of 2024 and up 250% year-over-year.</li><li>During the vibe coding boom of 2024-5, Supabase became the default backend integration for both Bolt.new and Lovable, with Sacra estimating that Supabase hit $70M annual recurring revenue (ARR) in September 2025, up from $30M at the end of 2024 and up 250% year-over-year, with user growth up 700%+ YoY and with the company now in talks to raise at a $5B+ valuation for a 71x revenue multiple.</li><li>As vibe coding platforms face pressure to improve their gross margins, they are launching their own platform-native databases, authentication, storage, payments, and more, threatening to disintermediate Supabase and change the dynamic from cooperation to coopetition.</li></ul>

Supabase hit $70M in annually recurring revenue (ARR) in August 2025, up from $30M at the end of 2024 and up 250% year-over-year.During the vibe coding boom of 2024-5, Supabase became the default backend integration for both Bolt.new and Lovable, with Sacra estimating that Supabase hit $70M annual recurring revenue (ARR) in September 2025, up from $30M at the end of 2024 and up 250% year-over-year, with user growth up 700%+ YoY and with the company now in talks to raise at a $5B+ valuation for a 71x revenue multiple.As vibe coding platforms face pressure to improve their gross margins, they are launching their own platform-native databases, authentication, storage, payments, and more, threatening to disintermediate Supabase and change the dynamic from cooperation to coopetition.

<ul><li>Sacra estimates Manus hit $90M in annualized revenue by August 2025, just five months post-launch, with Japan, the Middle East, and the U.S. as its biggest markets.</li><li>After growing their waitlist to 2 million people a week after their demo video went viral with 1M+ views, Sacra estimates that Manus hit $90M in annualized revenue in August 2025, just five months after launch, with Japan, the Middle East, and the U.S. as its biggest geographic segments by revenue.</li><li>As foundation model labs like Anthropic and OpenAI fold agentic capabilities into unified systems, Manus risks seeing commoditized its core experience of long-running agents that can read + write + execute code across different systems.</li></ul>

Sacra estimates Manus hit $90M in annualized revenue by August 2025, just five months post-launch, with Japan, the Middle East, and the U.S. as its biggest markets.After growing their waitlist to 2 million people a week after their demo video went viral with 1M+ views, Sacra estimates that Manus hit $90M in annualized revenue in August 2025, just five months after launch, with Japan, the Middle East, and the U.S. as its biggest geographic segments by revenue.As foundation model labs like Anthropic and OpenAI fold agentic capabilities into unified systems, Manus risks seeing commoditized its core experience of long-running agents that can read + write + execute code across different systems.

<ul><li>Replit enabled a non-technical founder to build and scale a million-dollar business without developers, compressing what would have been a $2-3M, 12-18 month traditional build into a 3-day, $140 launch.</li><li>Founders are using Replit to create functional prototypes rather than abstract specs, giving them precise control over product direction without technical debt or investor risk.</li><li>The biggest misconception about Replit is that it can't produce finished, revenue-generating products—when in reality it's powering complete tech stacks from ideation through deployment for enterprise-ready applications.</li></ul>

Replit enabled a non-technical founder to build and scale a million-dollar business without developers, compressing what would have been a $2-3M, 12-18 month traditional build into a 3-day, $140 launch.Founders are using Replit to create functional prototypes rather than abstract specs, giving them precise control over product direction without technical debt or investor risk.The biggest misconception about Replit is that it can't produce finished, revenue-generating products—when in reality it's powering complete tech stacks from ideation through deployment for enterprise-ready applications.

Chief AI Officer At GenAIPI On Building A million-dollar Business With Replit

<ul><li>Replit is being used across the organization for internal tools that wouldn't get prioritized through normal engineering channels, with non-technical teams building everything from training games to SQL query repositories.</li><li>While Replit enables rapid tool creation by non-technical users, the organization faces challenges with knowledge transfer when tool creators leave—creating a need for better documentation of how applications were built.</li><li>Enterprise adoption of Replit would accelerate with better templates, pre-built integrations to common enterprise tools, and transition management capabilities to ensure durability.</li></ul>

Replit is being used across the organization for internal tools that wouldn't get prioritized through normal engineering channels, with non-technical teams building everything from training games to SQL query repositories.While Replit enables rapid tool creation by non-technical users, the organization faces challenges with knowledge transfer when tool creators leave—creating a need for better documentation of how applications were built.Enterprise adoption of Replit would accelerate with better templates, pre-built integrations to common enterprise tools, and transition management capabilities to ensure durability.

Replit Customer At Rokt On Internal Tool Development And cross-team Adoption

<ul><li>Replit enables rapid prototyping and internal tool creation that would otherwise be expensive to procure, with the CPQ (Configure, Price, Quote) tool being the standout example.</li><li>As applications grow more complex, Replit's context window limitations create technical challenges, requiring an internal champion with technical knowledge to guide implementation and prompt engineering.</li><li>Adoption at Batch Data has been concentrated in marketing and revenue operations, with clear ROI measured against commercial alternatives that would cost significantly more.</li></ul>

Replit enables rapid prototyping and internal tool creation that would otherwise be expensive to procure, with the CPQ (Configure, Price, Quote) tool being the standout example.As applications grow more complex, Replit's context window limitations create technical challenges, requiring an internal champion with technical knowledge to guide implementation and prompt engineering.Adoption at Batch Data has been concentrated in marketing and revenue operations, with clear ROI measured against commercial alternatives that would cost significantly more.

Replit Customer At BatchData On Building Internal Tools For Sales And Marketing Efficiency

United States

Browser-based code editor with real-time collaboration, AI assistance, and one-click deployment

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Replit (REPLIT US)

Supabase At $70M ARR Growing 250% YoY

TL;DR: Founded in 2020 as an open source alternative to Firebase, Supabase started out as part of the database-as-a-service & backend-as-a-service...

Sacra

Manus At $90M/year

TL;DR: Founded in 2022, Manus launched in March 2025 as the first consumer-facing agent that combined agentic browser control, deep research, and...

Sacra

Chief AI Officer At GenAIPI On Building A million-dollar Business With Replit

At a high level, how is Replit used at your organization today? What are the top few use cases...

Sacra

Replit Customer At Rokt On Internal Tool Development And cross-team Adoption

At a high level, how is Replit used at your organization today? What are the top few use cases...

Sacra

Replit Customer At BatchData On Building Internal Tools For Sales And Marketing Efficiency

How is Replit used at Batch Data today? What are the top few use cases...

Sacra

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