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>Fivetran ($5.6B) found initial product-market fit as the “Zapier” of ETL, saving data engineers time piping data from SaaS apps into a data warehouse by building and maintaining ~200 connectors for the most popular applications.</li><li>Fivetran made $95M in 2021, growing revenue by $30M after acquiring enterprise competitor HVR to move upmarket—they’re now projected to hit $190M by the end of 2022.</li><li>Today, there’s a growing trend of SaaS companies like Stripe, Salesforce and Customer.io offering native data warehouse integrations that increase retention/activation and revenue (Stripe charges $0.03 per transaction).</li></ul>

Fivetran ($5.6B) found initial product-market fit as the “Zapier” of ETL, saving data engineers time piping data from SaaS apps into a data warehouse by building and maintaining ~200 connectors for the most popular applications.Fivetran made $95M in 2021, growing revenue by $30M after acquiring enterprise competitor HVR to move upmarket—they’re now projected to hit $190M by the end of 2022.Today, there’s a growing trend of SaaS companies like Stripe, Salesforce and Customer.io offering native data warehouse integrations that increase retention/activation and revenue (Stripe charges $0.03 per transaction).

<ul><li>EquityList is a full stack equity management solution where we give a suite of tools to founders, finance and legal teams to manage their cap table, ESOP operations, data room operations, and other compliance related workflows.</li><li>The majority of the startups are still using Excel sheets and Google sheets, which is fairly unfortunate because this data gets very complex as the company matures.</li><li>It&#39;s a great inflection point that the ecosystem is where a lot of its first generation entrepreneurs are backing second generation entrepreneurs and high-growth operators within the very same companies are now starting up themselves.</li></ul>

EquityList is a full stack equity management solution where we give a suite of tools to founders, finance and legal teams to manage their cap table, ESOP operations, data room operations, and other compliance related workflows.The majority of the startups are still using Excel sheets and Google sheets, which is fairly unfortunate because this data gets very complex as the company matures.It&#39;s a great inflection point that the ecosystem is where a lot of its first generation entrepreneurs are backing second generation entrepreneurs and high-growth operators within the very same companies are now starting up themselves.

Kashish Sharma, CEO Of EquityList On Building Carta Of India

Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Algosun Global

Equity Bottom-Up

<ul>
<li>Fintech unicorn could report strong earnings results for FY Q3 2022. Total revenue increased by 54% year-over-year, and net loss narrowed to ~$55M for the reporting period.</li>
<li>
<a href="https://www.smartkarma.com/entities/affirm-holdings" target="_blank" data-smartkarma-citation="entities:31038:1" rel="noopener">Affirm Holdings (AFRM US)</a>  closed a $500M revolving ABS deal and added $2.5B in new funding capacity from various partners. Total funding capacity was ~$9B, marking a 55% YoY increase.  </li>
<li>Sovereign wealth fund GIC Singapore acquired ~$126 million worth of <a href="https://www.smartkarma.com/entities/affirm-holdings" target="_blank" data-smartkarma-citation="entities:31038:1" rel="noopener">Affirm Holdings (AFRM US)</a>  shares in April at an average of <strong>$33.00</strong> per share.</li>
</ul>


Fintech unicorn could report strong earnings results for FY Q3 2022. Total revenue increased by 54% year-over-year, and net loss narrowed to ~$55M for the reporting period.

Affirm Holdings (AFRM US)  closed a $500M revolving ABS deal and added $2.5B in new funding capacity from various partners. Total funding capacity was ~$9B, marking a 55% YoY increase.  
Sovereign wealth fund GIC Singapore acquired ~$126 million worth of Affirm Holdings (AFRM US)  shares in April at an average of $33.00 per share.


Affirm Raises Outlook For FY 2022: No Changes In Bullish Narrative

<ul><li>Forage is making it easier for merchants and platforms to accept SNAP EBT - more commonly known as food stamps - online.</li><li>Forage has automated the process. A BRD can be done in five to seven days.</li><li>Covid-19 led to a big push for online grocery shopping. In the past year alone, EBT grew by 60%.</li></ul>

Forage is making it easier for merchants and platforms to accept SNAP EBT - more commonly known as food stamps - online.Forage has automated the process. A BRD can be done in five to seven days.Covid-19 led to a big push for online grocery shopping. In the past year alone, EBT grew by 60%.

Justin Intal, CEO Of Forage, On Helping Online Grocery Platforms Process EBT

<ul><li>The cross-border market is the largest.</li><li>Every year, twenty million migrants travel across the world to different countries, and there is a lot of cross-border activity.</li><li>Currently, we are looking at different products for different customer segments.</li></ul>

The cross-border market is the largest.Every year, twenty million migrants travel across the world to different countries, and there is a lot of cross-border activity.Currently, we are looking at different products for different customer segments.

Raghunandan G, CEO Of Zolve, On cross-border Banking In India

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)

Fivetran: The $200M/yr Zapier Of ETL

Fivetran ($5.6B) has built a ~$190M a year business as the Zapier of ETL, but like Zapier, they face an existential threat as SaaS companies like...

Sacra

Kashish Sharma, CEO Of EquityList On Building Carta Of India

Sacra interview with Kashish Sharma, CEO of EquityList

Sacra

Affirm Raises Outlook For FY 2022: No Changes In Bullish Narrative

We are moving our price target to $70.00 from $76.00, which we believe is fair and conservative. We model total revenue rising to ~$1.98B in FY’23,...

Andrei Zakharov

Justin Intal, CEO Of Forage, On Helping Online Grocery Platforms Process EBT

Sacra interview with Justin Intal, CEO and co-founder of Forage.

Sacra

Raghunandan G, CEO Of Zolve, On cross-border Banking In India

Sacra interview with Raghunandan G, the CEO of Zolve.

Sacra

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