Quarterly insights into SaaS.
Jonathan Cantwell, Executive Director at GP Bullhound commented: “In Q3 we saw a slight re-pricing of the public SaaS index – down ~15% from prior highs in 2019 – although still trading at healthy and high multiples of >10x trailing revenue. Seven companies went public in the quarter and experienced successful listings – much better than their consumer tech counterparts.
The private markets have an increasing appetite for SaaS companies and exit opportunities are being driven by both strategic and financial acquirers bringing interest and liquidity to the table. We continue to be bullish on the sector, devoting significant resources to covering the SaaS universe.”
Enquiries
For any enquiries, please contact jonathan.cantwell@gpbullhound.com
About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound