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 Lovable reached $17M ARR by February 2025, growing 143% in just two months from $7M at the end of 2024.</li><li>We first covered Lovable at $7M ARR in January 2025 when it had just rebranded from GPT Engineer, a command-line app builder that had become one of GitHub's fastest-growing open source projects, to a GUI-based AI app building platform orchestrating multiple LLMs.</li><li>With over 1.2 million apps built since launch and 4,000+ instances continuously hosted on fly.io, Lovable is deepening its integrations with third-party services like Supabase for databases, Clerk for authentication, and GitHub for code storage, further cementing its position in the "vibe coding" ecosystem where AI app builders offer end-to-end solutions through partnerships with specialized API-centric infrastructure providers.</li></ul>

Sacra estimates that Lovable reached $17M ARR by February 2025, growing 143% in just two months from $7M at the end of 2024.We first covered Lovable at $7M ARR in January 2025 when it had just rebranded from GPT Engineer, a command-line app builder that had become one of GitHub's fastest-growing open source projects, to a GUI-based AI app building platform orchestrating multiple LLMs.With over 1.2 million apps built since launch and 4,000+ instances continuously hosted on fly.io, Lovable is deepening its integrations with third-party services like Supabase for databases, Clerk for authentication, and GitHub for code storage, further cementing its position in the "vibe coding" ecosystem where AI app builders offer end-to-end solutions through partnerships with specialized API-centric infrastructure providers.

<ul><li>Anthropic’s Claude has emerged as the backbone of the “vibe coding” trend, driving the growth of AI IDEs and app builders.</li><li>“Vibe coding” has trended exponentially in 2025, with coders and non-coders alike designing & launching software demos and experiences in hours using natural language.</li><li>With its SOTA multi-file editing capabilities, Anthropic’s Claude is the backbone of the vibe coding ecosystem.</li></ul>

Anthropic’s Claude has emerged as the backbone of the “vibe coding” trend, driving the growth of AI IDEs and app builders.“Vibe coding” has trended exponentially in 2025, with coders and non-coders alike designing & launching software demos and experiences in hours using natural language.With its SOTA multi-file editing capabilities, Anthropic’s Claude is the backbone of the vibe coding ecosystem.

<ul><li>Cursor is the fastest growing SaaS company of all time, growing 9,900% year-over-year.</li><li>Cursor has gone from an AI-enhanced autocomplete tool to a nearly full-on AI agent as it chases GitHub Copilot ($400M ARR in November).</li><li>Key points via Sacra AI: Sacra estimates that Cursor is the fastest-growing SaaS company of all time from $1M to $100M in ARR, hitting the $100M milestone in roughly 12 months at the end of 2024—faster than Wiz (18 months), Deel (20 months), and Ramp (24 months).</li></ul>

Cursor is the fastest growing SaaS company of all time, growing 9,900% year-over-year.Cursor has gone from an AI-enhanced autocomplete tool to a nearly full-on AI agent as it chases GitHub Copilot ($400M ARR in November).Key points via Sacra AI: Sacra estimates that Cursor is the fastest-growing SaaS company of all time from $1M to $100M in ARR, hitting the $100M milestone in roughly 12 months at the end of 2024—faster than Wiz (18 months), Deel (20 months), and Ramp (24 months).

<ul><li>Launched in June 2023, the command-line app builder GPT Engineer (built on GPT-4) became one of GitHub's fastest-growing open source projects ever, hitting 40,000 stars in 2 months before re-launching in November 2024 with a GUI as Lovable (🇸🇪), an AI-powered tool for generating snug, full-stack apps.</li><li>After their public re-launch, Lovable grew to 3,000 users and $1M annually recurring revenue (ARR) in 8 days, $2M ARR at the end of November, and $7M ARR at the end of 2024, with over 140,000 registered users.</li><li>AI-powered code generation is splitting into a two-step workflow where non-engineers use rapid prototyping platforms like Lovable, Bolt.new, and Vercel's v0 to quickly generate working applications via natural language, then transition to AI-enhanced IDEs like Cursor and Codeium ($12M ARR) to edit them.</li></ul>

Launched in June 2023, the command-line app builder GPT Engineer (built on GPT-4) became one of GitHub's fastest-growing open source projects ever, hitting 40,000 stars in 2 months before re-launching in November 2024 with a GUI as Lovable (🇸🇪), an AI-powered tool for generating snug, full-stack apps.After their public re-launch, Lovable grew to 3,000 users and $1M annually recurring revenue (ARR) in 8 days, $2M ARR at the end of November, and $7M ARR at the end of 2024, with over 140,000 registered users.AI-powered code generation is splitting into a two-step workflow where non-engineers use rapid prototyping platforms like Lovable, Bolt.new, and Vercel's v0 to quickly generate working applications via natural language, then transition to AI-enhanced IDEs like Cursor and Codeium ($12M ARR) to edit them.

<ul><li>Sacra estimates Bolt.new hit $4M ARR within 4 weeks of launch, and then $20M ARR after another 4 weeks in November 2024.</li><li>After launching in early October 2024, Bolt.new hit $4M ARR within 4 weeks of launch, and then hit $20M ARR after another 4 weeks, with a potential fundraising round in the works at a $1B valuation for a 50x forward revenue multiple.</li><li>Three directions to AI in the world of no-code app builders have taken shape—Bolt.new and Lovable ($7.5M raised, Hummingbird Ventures) building on 3rd-party APIs &amp; integrations, Vercel v0 fitting into a vertically integrated platform with cloud IDE and deployment, and Airtable and Zapier assembling pre-existing no-code components.</li></ul>

Sacra estimates Bolt.new hit $4M ARR within 4 weeks of launch, and then $20M ARR after another 4 weeks in November 2024.After launching in early October 2024, Bolt.new hit $4M ARR within 4 weeks of launch, and then hit $20M ARR after another 4 weeks, with a potential fundraising round in the works at a $1B valuation for a 50x forward revenue multiple.Three directions to AI in the world of no-code app builders have taken shape—Bolt.new and Lovable ($7.5M raised, Hummingbird Ventures) building on 3rd-party APIs &amp; integrations, Vercel v0 fitting into a vertically integrated platform with cloud IDE and deployment, and Airtable and Zapier assembling pre-existing no-code components.

United States

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

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Lovable At $17M ARR

TL;DR: Swedish AI app builder Lovable has accelerated to become a major player in the "vibe coding" ecosystem with a series of new features that...

Sacra

Vibe Coding Index

TL;DR: Anthropic’s Claude has emerged as the backbone of the “vibe coding” trend, driving the growth of AI IDEs and app builders like Cursor ($100M...

Sacra

Cursor At $100M ARR

TL;DR: Going from $1M ARR to $100M ARR in 12 months, Cursor is the fastest growing SaaS company of all time, growing 9,900% year-over-year. Now, it...

Sacra

Lovable Vs Bolt.New Vs Cursor

TL;DR: Launched as one of the first AI-powered app generators in June 2023, GPT Engineer added a GUI and re-branded to Lovable in November 2024....

Sacra

Cursor For non-developers

TL;DR: Following in the extreme product-market fit of AI-native IDEs like Github Copilot and Cursor, Bolt.new launched as a browser-based tool for...

Sacra

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