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 Plaid hit $546M in annual recurring revenue (ARR) in 2025, up 40% from $390M in 2024.</li><li>Plaid was most recently valued at $8 billion in a February 2026 employee share sale, an undisclosed-size liquidity transaction that allowed employees to sell stock and extended the company&#39;s runway as a private company.</li><li>Anti-fraud, alternative credit data, and bank payments more than doubled in 2025 and have become a meaningful second growth engine alongside the core connectivity business.</li></ul>

Sacra estimates that Plaid hit $546M in annual recurring revenue (ARR) in 2025, up 40% from $390M in 2024.Plaid was most recently valued at $8 billion in a February 2026 employee share sale, an undisclosed-size liquidity transaction that allowed employees to sell stock and extended the company&#39;s runway as a private company.Anti-fraud, alternative credit data, and bank payments more than doubled in 2025 and have become a meaningful second growth engine alongside the core connectivity business.

<ul><li>Sacra estimates that Recall.ai hit $31M in annual recurring revenue (ARR) in January 2026, up from $26M ARR at the end of 2025 and $8M ARR at the end of 2024.</li><li>Recall.ai operates as an "infrastructure SaaS" with a B2D (Business-to-Developer) go-to-market model.</li><li>In September 2025, Recall.ai closed a $38M Series B led by Bessemer, bringing total funding to $51M and valuing the company at $250M.</li></ul>

Sacra estimates that Recall.ai hit $31M in annual recurring revenue (ARR) in January 2026, up from $26M ARR at the end of 2025 and $8M ARR at the end of 2024.Recall.ai operates as an "infrastructure SaaS" with a B2D (Business-to-Developer) go-to-market model.In September 2025, Recall.ai closed a $38M Series B led by Bessemer, bringing total funding to $51M and valuing the company at $250M.

<ul><li>With DoorDash, Uber and others paying $50B to drivers annually and continually increasing labor costs courtesy of worker re-classifications and earnings regulations, autonomous delivery's 10x cost reduction turns from nice-to-have into existential necessity for platforms to maintain margins.</li><li>Autonomous food delivery has to be engineered for “two nines on the way to three” (99.9%) via one‑to‑many teleops oversight paired with autonomy that keeps interventions rare enough for an operator to safely oversee 10+ robots—versus human drivers' 95-98% reliability that destroys profits through refunds on late or missing orders.</li><li>Ground-based delivery robots (Coco Robotics, Serve, Starship) handle heavy payloads like pizza boxes and 2-liter sodas in urban environments and in adverse weather conditions while aerial drones struggle in rain, snow & high winds and spend 3-15 minutes hovering per-delivery, killing battery & speed.</li></ul>

With DoorDash, Uber and others paying $50B to drivers annually and continually increasing labor costs courtesy of worker re-classifications and earnings regulations, autonomous delivery's 10x cost reduction turns from nice-to-have into existential necessity for platforms to maintain margins.Autonomous food delivery has to be engineered for “two nines on the way to three” (99.9%) via one‑to‑many teleops oversight paired with autonomy that keeps interventions rare enough for an operator to safely oversee 10+ robots—versus human drivers' 95-98% reliability that destroys profits through refunds on late or missing orders.Ground-based delivery robots (Coco Robotics, Serve, Starship) handle heavy payloads like pizza boxes and 2-liter sodas in urban environments and in adverse weather conditions while aerial drones struggle in rain, snow & high winds and spend 3-15 minutes hovering per-delivery, killing battery & speed.

Zach Rash & Daniel Singer, CEO & CBO Of Coco Robotics, On Why Ground Delivery Beats Drones

<ul><li>Recall.ai reached $8M ARR in 2024, up 300% YoY.</li><li>Recall.ai launched with a universal meeting-bot API that uses cloud VMs to join video calls, captures the complete meeting data, and delivers it via a single API.</li><li>Recall.ai grew 300% YoY from $2M annual recurring revenue (ARR) in 2023 to $8M ARR in 2024, reaching $10M ARR in January.</li></ul>

Recall.ai reached $8M ARR in 2024, up 300% YoY.Recall.ai launched with a universal meeting-bot API that uses cloud VMs to join video calls, captures the complete meeting data, and delivers it via a single API.Recall.ai grew 300% YoY from $2M annual recurring revenue (ARR) in 2023 to $8M ARR in 2024, reaching $10M ARR in January.

<ul><li>Positioning against the breadth-first appeal of unified APIs, new native product integration infra companies like Ampersand (Matrix, $4.7M seed) enable vendors to build deep custom integrations with the handful of highest revenue generating, enterprise-tier, “fat head” systems of record like Salesforce and HubSpot.</li><li>Our positioning has been: if you want to go very deep natively, whatever you can do on top of the API, you can do with Ampersand, cutting down from 6 months to 6 days.</li><li>We are starting with the go-to-market stack.</li></ul>

Positioning against the breadth-first appeal of unified APIs, new native product integration infra companies like Ampersand (Matrix, $4.7M seed) enable vendors to build deep custom integrations with the handful of highest revenue generating, enterprise-tier, “fat head” systems of record like Salesforce and HubSpot.Our positioning has been: if you want to go very deep natively, whatever you can do on top of the API, you can do with Ampersand, cutting down from 6 months to 6 days.We are starting with the go-to-market stack.

Ayan Barua, CEO Of Ampersand, On Going Upmarket With Deep Native Product Integrations

United States

Open source framework for multiplexing financial data aggregators like Plaid and Yodlee

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Primer: Plaid - 02 Jul 2026

API platform that connects applications to users' bank accounts and financial data to enable payments, identity, underwriting, and fraud/risk products

Sacra

Primer: Recall.ai - 10 Feb 2026

API for deploying bots to capture data from video conferencing meetings

Sacra

Zach Rash & Daniel Singer, CEO & CBO Of Coco Robotics, On Why Ground Delivery Beats Drones

Coco was founded in 2020 specifically to tackle last-mile delivery. What was that original moment—the problem you were really fired up to solve...

Sacra

$10M/yr Plaid For Meeting Bots

TL;DR: With every sales, recruiting, customer success, and user research tool integrating with Zoom, Meet, Teams, Webex, and Slack Huddles bots,...

Sacra

Ayan Barua, CEO Of Ampersand, On Going Upmarket With Deep Native Product Integrations

Before starting Ampersand, you were VP of Engineering at G2, and you got there via the acquisition of your startup Siftery. Can you talk about...

Sacra

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Primer: Plaid - 02 Jul 2026

API platform that connects applications to users' bank accounts and financial data to enable payments, identity, underwriting, and fraud/risk products

Sacra

Primer: Recall.ai - 10 Feb 2026

API for deploying bots to capture data from video conferencing meetings

Sacra

Zach Rash & Daniel Singer, CEO & CBO Of Coco Robotics, On Why Ground Delivery Beats Drones

Coco was founded in 2020 specifically to tackle last-mile delivery. What was that original moment—the problem you were really fired up to solve...

Sacra

$10M/yr Plaid For Meeting Bots

TL;DR: With every sales, recruiting, customer success, and user research tool integrating with Zoom, Meet, Teams, Webex, and Slack Huddles bots,...

Sacra

Ayan Barua, CEO Of Ampersand, On Going Upmarket With Deep Native Product Integrations

Before starting Ampersand, you were VP of Engineering at G2, and you got there via the acquisition of your startup Siftery. Can you talk about...

Sacra

TL;DR: With every sales, recruiting, customer success, and user research tool integrating with Zoom, Meet, Teams, Webex, and Slack Huddles bots,...