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 Slash hit $255M in annualized revenue in March 2026, up from $235M at the end of 2025.</li><li>Slash raised $41.6 million in Series B funding in May 2025 led by Goodwater Capital, bringing its valuation to $370 million.</li><li>The company processes over $3 billion in annualized card spend across 5,000+ business customers.</li></ul>

Sacra estimates that Slash hit $255M in annualized revenue in March 2026, up from $235M at the end of 2025.Slash raised $41.6 million in Series B funding in May 2025 led by Goodwater Capital, bringing its valuation to $370 million.The company processes over $3 billion in annualized card spend across 5,000+ business customers.

<ul><li>Sacra estimates Slash reached $200M in annualized revenue in December 2025, growing 220% YoY.</li><li>After shifting focus in late 2023 at $5M annualized revenue away from sole proprietorships and towards business banking for agencies & brands, Slash hit its stride in 2024, growing from ~$25M in May 2024 to $200M at the end of 2025, growing 220% YoY, valued at $370M as of its May 2025 Series B for a ~3.5x multiple at the time.</li><li>Like Snap vs. Facebook in social, Whop vs. Patreon in the creator economy, and Warp vs. Gusto in SMB payroll, Slash is riding a category built by Brex & Mercury by explicitly positioning against them—as Gen Z for generational change and by verticalizing for niches mainstream products still underserve, particularly as head-on competition intensifies and CAC continues to climb.</li></ul>

Sacra estimates Slash reached $200M in annualized revenue in December 2025, growing 220% YoY.After shifting focus in late 2023 at $5M annualized revenue away from sole proprietorships and towards business banking for agencies & brands, Slash hit its stride in 2024, growing from ~$25M in May 2024 to $200M at the end of 2025, growing 220% YoY, valued at $370M as of its May 2025 Series B for a ~3.5x multiple at the time.Like Snap vs. Facebook in social, Whop vs. Patreon in the creator economy, and Warp vs. Gusto in SMB payroll, Slash is riding a category built by Brex & Mercury by explicitly positioning against them—as Gen Z for generational change and by verticalizing for niches mainstream products still underserve, particularly as head-on competition intensifies and CAC continues to climb.

United Kingdom

Business banking platform offering deposit accounts, corporate cards, and industry-specific financial solutions

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Slash (SLASH GB)

Primer: Slash - 21 May 2026

Business banking platform offering deposit accounts, corporate cards, and industry-specific financial solutions

Sacra

$200M/year Whop Of B2B Neobanks

TL;DR: Founded in 2020, Slash is a vertical neobank for high-risk SMBs like performance marketing agencies, crypto-native businesses, and e...

Sacra

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