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 HoneyBook hit $135M in annual recurring revenue (ARR) in 2024, growing approximately 12% year-over-year from $121M in 2023.</li><li>HoneyBook has maintained strong unit economics by targeting profitable independent business owners who demonstrate high willingness to pay for business management software.</li><li>The independent workforce continues to grow dramatically, with over 33 million independent businesses in the US alone.</li></ul>

Sacra estimates HoneyBook hit $135M in annual recurring revenue (ARR) in 2024, growing approximately 12% year-over-year from $121M in 2023.HoneyBook has maintained strong unit economics by targeting profitable independent business owners who demonstrate high willingness to pay for business management software.The independent workforce continues to grow dramatically, with over 33 million independent businesses in the US alone.

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Equity Capital Markets

<ul>
<li>In this insight, we provide a list of 70 prominent companies in the USA, Europe, and the Middle East that could complete their IPOs in 2025.</li>
<li>This is a comprehensive, REFERENCE GUIDE to help clients so that they could get a broad view of the major IPOs that could get completed in these regions in 2025.</li>
<li>Some of the most prominent potential IPOs in these regions next year include Starlink, SpaceX, Stripe, Open AI, Klarna, Five Holdings, Monzo, and Ethiad Airways.</li>
</ul>


In this insight, we provide a list of 70 prominent companies in the USA, Europe, and the Middle East that could complete their IPOs in 2025.
This is a comprehensive, REFERENCE GUIDE to help clients so that they could get a broad view of the major IPOs that could get completed in these regions in 2025.
Some of the most prominent potential IPOs in these regions next year include Starlink, SpaceX, Stripe, Open AI, Klarna, Five Holdings, Monzo, and Ethiad Airways.


2025 IPOs Pipeline (USA, Europe, and the Middle East)

<ul><li>Sacra estimates Calendly hit $270M in annual recurring revenue (ARR) at the end of 2023, up approximately 46% year-over-year from $185M ARR at the end of 2022.</li><li>Calendly reached a $3 billion valuation in January 2021 through a Series B funding round led by OpenView Venture Partners and ICONIQ Capital.</li><li>Calendly&#39;s viral invite-based acquisition loop, where recipients see the Calendly badge when booking, fueled user growth to 10M+ users and 53% U.S. market share by 2021.</li></ul>

Sacra estimates Calendly hit $270M in annual recurring revenue (ARR) at the end of 2023, up approximately 46% year-over-year from $185M ARR at the end of 2022.Calendly reached a $3 billion valuation in January 2021 through a Series B funding round led by OpenView Venture Partners and ICONIQ Capital.Calendly&#39;s viral invite-based acquisition loop, where recipients see the Calendly badge when booking, fueled user growth to 10M+ users and 53% U.S. market share by 2021.

<ul><li>Pilot hit about $43M ARR in 2022, up 30% from the year before.</li><li>Pilot announced crossing 1,000 customers in 2020, and was at roughly 1,700 at the end of 2022, with an average revenue per customer of around $25,000.</li><li>SMBs today spend about $60B per year on bookkeeping and accounting, meaning Pilot today has only 0.4% penetration into the market.</li></ul>

Pilot hit about $43M ARR in 2022, up 30% from the year before.Pilot announced crossing 1,000 customers in 2020, and was at roughly 1,700 at the end of 2022, with an average revenue per customer of around $25,000.SMBs today spend about $60B per year on bookkeeping and accounting, meaning Pilot today has only 0.4% penetration into the market.

<ul><li>Sacra estimates Snapdocs hit $102M in revenue in 2023, representing a -4% decline year-over-year.</li><li>Snapdocs generates revenue by providing a cloud-based platform that digitizes mortgage closings for over 130,000 real estate professionals.</li><li>Snapdocs reached a $1.5B valuation following its Series D round in May 2021, with participation from Tiger Global Management, Sequoia Capital, and F-Prime Capital.</li></ul>

Sacra estimates Snapdocs hit $102M in revenue in 2023, representing a -4% decline year-over-year.Snapdocs generates revenue by providing a cloud-based platform that digitizes mortgage closings for over 130,000 real estate professionals.Snapdocs reached a $1.5B valuation following its Series D round in May 2021, with participation from Tiger Global Management, Sequoia Capital, and F-Prime Capital.

United States

Stripe, Inc. provides payment software services and solutions. The Company designs and produces software to process online credit and debit card payments. Stripe serves customers worldwide.

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Stripe (0170016D US)

Primer: HoneyBook - 31 Mar 2025

Software for solopreneurs to manage clients, contracts, payments, and communications

Sacra

2025 IPOs Pipeline (USA, Europe, and the Middle East)

In this insight, we provide a list of 70 prominent companies in the USA, Europe, and the Middle East that could complete their IPOs in 2025.

Douglas Kim

Primer: Calendly - 07 Dec 2024

Scheduling software for sales, recruiting, and success teams to book meetings via link

Sacra

Primer: Pilot - 07 Dec 2024

Tech-enabled bookkeeping service with human-in-the-loop built on top of QuickBooks

Sacra

Primer: Snapdocs - 07 Dec 2024

Software for automating mortgage closings across lenders, title companies, and notaries

Sacra

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