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

Sublime Security / Private Capital Markets

<ul><li>Sublime Security closed a $150M Series C in October 2025 at a post-money valuation of approximately $926M.</li><li>With the Series C, Sublime has now raised a total of $243.8M in disclosed funding.</li><li>Sublime operates a B2B SaaS model targeting enterprise security teams with subscription pricing based on the number of protected mailboxes.</li></ul>

Sublime Security closed a $150M Series C in October 2025 at a post-money valuation of approximately $926M.With the Series C, Sublime has now raised a total of $243.8M in disclosed funding.Sublime operates a B2B SaaS model targeting enterprise security teams with subscription pricing based on the number of protected mailboxes.

<ul><li>Sacra estimates Valimail hit $30M of annual recurring revenue (ARR) in Q2&#39;2024, up roughly 60% year-over-year, with gross margins of about 70%.</li><li>Recent requirements from Google and Yahoo for improved email deliverability, effective February 2024, have provided substantial tailwinds for Valimail&#39;s core business.</li><li>Valimail&#39;s growth trajectory shows steady progression from $9M ARR in 2019 to approximately $17M by 2023.</li></ul>

Sacra estimates Valimail hit $30M of annual recurring revenue (ARR) in Q2&#39;2024, up roughly 60% year-over-year, with gross margins of about 70%.Recent requirements from Google and Yahoo for improved email deliverability, effective February 2024, have provided substantial tailwinds for Valimail&#39;s core business.Valimail&#39;s growth trajectory shows steady progression from $9M ARR in 2019 to approximately $17M by 2023.

<ul><li>In 2023, Google, Yahoo and Apple announced they would begin requiring anyone sending email to their users to have DMARC enabled—or end up in spam—accelerating demand for Vailmail to 43% YoY, with Sacra estimating that Valimail will hit $30M in annual recurring revenue (ARR) by the end of 2024, with 65,000 customers for average revenue per customer (ARPC) of about $460.</li><li>As phishing continues to rise ($3B stolen in 2023, up 9% YoY), Valimail serves as a solution both as a deliverability tool for marketers sending outgoing mail (as a way to keep newsletters out of spam) and as a cybersecurity tool for incoming mail (preventing “CEO fraud” where attackers spoof your corporate domain).</li><li>The email authentication protocol DMARC gained attention in 2015 when Gmail, Yahoo Mail and AOL Mail started using it to prevent their domains from being spoofed—creating the opportunity for Valimail (2015) to launch a DMARC-as-a-service tool for any company regardless of IT capacity.</li></ul>

In 2023, Google, Yahoo and Apple announced they would begin requiring anyone sending email to their users to have DMARC enabled—or end up in spam—accelerating demand for Vailmail to 43% YoY, with Sacra estimating that Valimail will hit $30M in annual recurring revenue (ARR) by the end of 2024, with 65,000 customers for average revenue per customer (ARPC) of about $460.As phishing continues to rise ($3B stolen in 2023, up 9% YoY), Valimail serves as a solution both as a deliverability tool for marketers sending outgoing mail (as a way to keep newsletters out of spam) and as a cybersecurity tool for incoming mail (preventing “CEO fraud” where attackers spoof your corporate domain).The email authentication protocol DMARC gained attention in 2015 when Gmail, Yahoo Mail and AOL Mail started using it to prevent their domains from being spoofed—creating the opportunity for Valimail (2015) to launch a DMARC-as-a-service tool for any company regardless of IT capacity.

United States

Tool for managing DMARC email authentication to prevent spoofing and improve deliverability

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Valimail (VALIMAIL US)

Primer: Sublime Security - 29 Oct 2025

AI-powered platform for security teams to detect, triage, and adapt defenses against email threats

Sacra

Primer: Valimail - 13 Nov 2024

Tool for managing DMARC email authentication to prevent spoofing and improve deliverability

Sacra

Valimail At $30M ARR

TL;DR: Sacra estimates that Valimail will hit $30M annualized recurring revenue (ARR) in 2024, up 43% YoY, re-accelerating as Google, Yahoo and...

Sacra

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