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>Launched by ex-Morning Brewers (acquired by Business Insider for $75M) in November 2021, Beehiiv built for the emerging trend of business gurus launching newsletter brands like Shaan Puri’s Milk Road (sold for $10M after 12 months with 250K subs) and LeQwane Lynch’s The Alerts Daily (sold to Overtime with 35K subs).</li><li>Sacra estimates that Beehiiv is at $13M in annualized revenue as of April, up 450% year-over-year (for a 17x multiple on their $224M valuation per their current Wefunder round) with 70% of revenue coming from subscription SaaS and 30% coming from ads via Ad Network, which they launched in Q3’23.</li><li>Beehiiv’s current growth momentum puts them on a potential trajectory to pass Substack and ConvertKit in revenue in 2026, pushing both Substack and ConvertKit to innovate by hybridizing their business models across subscription SaaS and ads and deepening their creator & sponsor networks.</li></ul>

Launched by ex-Morning Brewers (acquired by Business Insider for $75M) in November 2021, Beehiiv built for the emerging trend of business gurus launching newsletter brands like Shaan Puri’s Milk Road (sold for $10M after 12 months with 250K subs) and LeQwane Lynch’s The Alerts Daily (sold to Overtime with 35K subs).Sacra estimates that Beehiiv is at $13M in annualized revenue as of April, up 450% year-over-year (for a 17x multiple on their $224M valuation per their current Wefunder round) with 70% of revenue coming from subscription SaaS and 30% coming from ads via Ad Network, which they launched in Q3’23.Beehiiv’s current growth momentum puts them on a potential trajectory to pass Substack and ConvertKit in revenue in 2026, pushing both Substack and ConvertKit to innovate by hybridizing their business models across subscription SaaS and ads and deepening their creator & sponsor networks.

Beehiiv Vs. ConvertKit Vs. Substack Vs. Mailchimp