Private Markets, Angel and Secondary Investing, Sacra

Sacra

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 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 Luminance hit $60 million in annual recurring revenue (ARR) at the end of 2025, growing 100% YoY from approximately $30 million at year-end 2024.</li><li>Luminance raised $75 million in a Series C funding round in February 2025 led by Point72 Private Investments, with participation from Forestay Capital, RPS Ventures, Schroders Capital, and existing investors March Capital and National Grid Partners.</li><li>Growth has been consistently strong: 2022-2023 saw roughly 118% YoY growth, followed by 150% YoY growth in 2024.</li></ul>

Sacra estimates that Luminance hit $60 million in annual recurring revenue (ARR) at the end of 2025, growing 100% YoY from approximately $30 million at year-end 2024.Luminance raised $75 million in a Series C funding round in February 2025 led by Point72 Private Investments, with participation from Forestay Capital, RPS Ventures, Schroders Capital, and existing investors March Capital and National Grid Partners.Growth has been consistently strong: 2022-2023 saw roughly 118% YoY growth, followed by 150% YoY growth in 2024.

Luminance

Primer: Luminance - 31 Jul 2026