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The Sheer Momentum You Need For an Enduring IPO in SaaS: 63% Average Growth

SaaStr

Procore Technologies (IPO: May 2021) Pre-IPO Year Growth Rate: 38.4% billion Business : Construction management software Procore demonstrated steady growth with revenue increasing from $289.2 Samsara (IPO: December 2021) Pre-IPO Year Growth Rate: 108% Revenue Growth : $119.9M (fiscal 2020) → $249.9M (fiscal 2021) IPO Valuation : $11.6

Payments 271
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How SaaStr Fund-Backed RevenueCat Went from a $1.5M Round at $7M Valuation in 2018 to $500M+ Today

SaaStr

When SaaStr Fund made the first investment in RevenueCat back in 2018, nobody could have predicted that this “simple API for managing in-app subscriptions” would become the infrastructure powering 33% of all mobile subscription apps and reach a $500M valuation in 2025. ” required weeks of developer time to answer.

Payments 281
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Approaching Half a Million Customers: How to Win in SMB with BILL CEO and Founder René Lacerte

SaaStr

The mobile phone user has the highest NPS as a BILL user because it’s super simple and easy, and the clerk does all the data entry, pulling everything in and managing it. This gets more challenging when you have stakeholders who aren’t the ones buying the software. I already have a solution.” There was no software yet.

SMB 307
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The Early Days: How Deel Went From $1m to $100m ARR in Just 20 Months

SaaStr

I dream about clients telling me, ‘Hey, I did not receive my payment today. ” In Y Combinator’s 10-week program, Deel burned through 20% of their time selling a payments platform that nobody wanted. ” The Discovery : Companies didn’t just need payments—they needed payments plus compliance.

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AI is On Fire. But Will There Be Enough Decacorn Exits?

SaaStr

The Math Behind the Bottleneck Stanford’s data provides the clearest picture yet of the unicorn exit landscape. Revenue Velocity Canva, which is now valued at $40 billion, added $157 million in value daily since its prior funding in April 2021. 306 have exited at $1-2 Billion. Only 33 at $10B … so far.

AI Search 261
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IPO Offerings Are Already Up 62.5% This Year. With Much More to Come. We’re Back

SaaStr

The data is clear: the IPO renaissance isn’t coming—it’s already here. But a very different one from the 2021 wave: Deal volume is surging : 2025 has been a “green light” year for IPOs, with 52 new U.S. The Mega Pipeline Building Databricks – AI-driven data analytics platform, $62 billion valuation.

Payments 184
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Navan Files for IPO: The Opening of B2B IPO Floodgates?

SaaStr

Every IPO other than Sailpoint is trading up, and we’ve got a jolt of momentum here for the first time since … well … 2021. initial public offering on Friday, becoming the latest enterprise software company to test increasingly receptive public markets. The IPO market has been … on fire in 2025. But we may have our first.

B2B 187