Launchbay Capital

From ServiceTitan’s strong public debut to CoreWeave gearing up for its IPO and Databricks nearing a record-breaking $9.5B raise, private tech markets are ending 2024 on a high note. The Launchbay Index tells the story: +70% YoY growth, outperforming Nasdaq-100’s 32.3%. Leaders like OpenAI, Anthropic, and xAI continue to set the pace, while Anduril, Perplexity, and Crusoe showcase the sector’s innovation and momentum. #PrivateMarkets #TechInvesting #IPO #VentureCapital #AI #LaunchbayIndex #SecondaryMarkets #GrowthLeaders

Launchbay Index: A Standout Year in Growth 📈 The Launchbay Index has shown remarkable performance, growing 12% in November alone and 70% year-over-year—outpacing the Nasdaq-100, which posted gains of 5.6% monthly and 32.3% annually over the same periods. This growth wasn’t solely driven by AI companies. Impressively, 17 out of the 25 Index companies experienced valuation increases this month. In November, Index companies accounted for 67% of the listed volume on the Launchbay platform, up from October—a trend that held steady throughout 2024. For context, the Nasdaq-100 represents about 80% of the weighting in the Nasdaq Composite. November Highlights: Top-5 companies in the Launchbay Index (OpenAI, SpaceX, ByteDance, Stripe, and Databricks) represented 31% of all listed volume on the platform. Year-End Achievements - Median Implied Valuation Growth: +51% - Median Valuation-to-Revenue Ratio: 19 - Category Leaders: Revenue Growth: Anthropic with an astonishing 1000% Implied Valuation Growth: xAI at 350% Valuation-to-Revenue Ratio: OpenAI leads, though xAI may surpass this pending 2024 revenue data. The Launchbay Index reflects the momentum of private tech markets and sets a high bar for 2025. #PrivateMarkets #SecondaryMarket #TechInvesting #AI #ValuationGrowth #LaunchbayIndex #InvestmentTrends #MarketPerformance #2024Recap #StartupFunding #VentureCapital

🚀 2024 Revenue Growth Ranking: AI Leads the Charge 🚀 As we wrap up 2024, we've analyzed the top 50 private companies traded on the secondary market based on their revenue growth and its impact on valuations. Key takeaways: 📊 Companies with $100M+ in revenue showed slower growth, both in revenue and valuations, resulting in a lower valuation-to-revenue ratio. 🤖 No surprise—18 out of the top 50 are AI-driven, leading the charge with impressive revenue and valuation growth, and boasting higher valuation-to-revenue ratios than their peers. Check out the full ranking to see how other sectors are faring and the full breakdown of growth leaders! Access to the data: https://lnkd.in/eYtr__39 #RevenueGrowth #PrivateCompanies #AI #Valuations #TechTrends #SecondaryMarket #2024Ranking #BusinessInsights #Growth

SpaceX has set its sights on a secondary offering, eyeing a $350 billion valuation—a sharp 40% jump from just last month’s $255 billion figure. This rise marks an extraordinary pace of growth, with the company adding over 1% to its valuation each day. At the same time, Musk’s AI venture, xAI, has filed with the SEC to raise up to $1 billion in equity. OpenAI is making waves with two major revenue-boosting milestones: 💪 ChatGPT hits 300M weekly active users, expanding its user base. 🏄♂️ A new $200/month subscription tier adds a premium service for more advanced AI capabilities. OpenAI is now projected to hit $11.6 billion in revenue by 2025. Databricks is positioning itself against $300 billion giants like Salesforce, with strong revenue momentum and growth forecasts. Their latest fundraising round brings them closer to a $60 billion valuation, securing a spot in our top rankings. ServiceTitan is preparing for its IPO with a potential valuation of $5.2 billion. Stay tuned for more insights on how these companies are shaping the secondary market landscape!

📈 OpenAI is letting employees sell up to $1.5B in shares, while Revolut and Ramp are also joining the wave of secondary activity. In November, bid volumes surged, accounting for 40% of listed volume, with AI companies seeing bids surpass asks. Meanwhile, Klarna continues its profitability streak, thanks to AI-driven efficiencies—but rising loan defaults and funding costs remind us of the challenges fintechs face as lenders. Plus, a crypto comeback? Kraken breaks into the Top 10 most active companies, alongside Klarna, SpaceX, Stripe, and more! #Secondaries #Fintech #AI #PrivateMarkets #TechInnovation #StartupNews #InvestmentTrends

Alan's opinion on Fintech secondaries for Sifted

From OpenAI's advancements in AI-driven search to Revolut's incredible 50M customer milestone, this week's newsletter dives into the latest industry trends shaping the market. 🔍 AI Search Evolution: OpenAI’s ad-free browser and Brave’s AI chat feature are revolutionizing search. 🤖 Agentic AI: OpenAI’s Operator prepares to redefine multi-step task automation. 💰 Funding Spotlight: Anthropic’s $4B from Amazon and xAI’s $50B valuation underscore soaring AI investments. 📡 Defense Tech Boom: Skydio’s $170M extension round at a $2.5B valuation highlights sector growth. 🌍 Fintech Scaling: Revolut cements its place as Europe’s most downloaded financial app with 50M customers. #AI #Fintech #SecondaryMarket #AIInvesting #TechTrends #PrivateMarkets #VCFunding #Innovation #AIInfrastructure #Investors

🚀 Stay Ahead with Our Constantly Updated IPO List! We’ve compiled a dynamic list of upcoming IPOs featuring both primary market insights and secondary market data. 🎯 Why should secondary investors care? ✅ Comprehensive Insights: Access valuation trends, last financials, and IPO statuses. ✅ Market Context: Understand how secondary prices align with primary market activity. ✅ Opportunities to Act: Spot companies gaining traction ahead of their IPOs and evaluate your next move. Check out the full list here: [https://lnkd.in/e5xFFNx8] Let us know which IPOs have caught your attention in the comments! 👇 #IPOs #SecondaryMarkets #Investing #PrivateCompanies #MarketData #IPOTracker

🚀 Fintech IPO Wave, AI Expansions, and Record-Breaking Valuations! 💼 Klarna’s upcoming IPO has sparked excitement across the fintech space, marking a turning point after years of quiet in the sector. With Klarna’s secondary valuation surging 50% YoY and analysts predicting an IPO valuation of up to $20B, the dam is breaking for fintech IPOs. 🌊 Meanwhile, Swiggy defied doubts with a 16.92% first-day share surge, Pony.ai filed for its Nasdaq debut, and ByteDance and SpaceX are setting new valuation benchmarks at $300B and $250B, respectively. Even CoreWeave’s secondary share sale has propelled its valuation to $23B. And that’s not all! 🚨 From Databricks exploring new funding to Stripe enabling AI-driven financial tasks, the tech and AI landscapes are brimming with innovation and momentum. #Fintech #IPO #TechNews #VentureCapital #ArtificialIntelligence #SecondaryMarkets #StartupValuations #FinanceInnovation #Launchbay

This week, we dive into some of the most significant developments, from the resurgence of interest in crypto IPOs to the strategic moves by AI players. Plus, we take a closer look at the latest reconstitution of the Launchbay 25 Index. Let’s dive in!