Agillic

From a valuation perspective, the sector has been hit by a higher interest rate environment, which potentially could have peaked. At the same time, we have seen a lower growth rate in Q1 2023 from the listed global SaaS companies, which is now closer to Gartner's projected 2023 SaaS global market growth.

Do you want to know more about the latest development in the SaaS sector and get investment insights from an institutional Nordic SaaS investor as well as presentations of listed SaaS companies and recent insights from their management?

We have updated the investment case one-pager following Agillic's Q1 report and the announcement of Viking Venture as the new largest shareholder, including a capital injection of approx. DKK 22.5m and two board positions.

Our third monthly Software-as-a-Service (SaaS) newsletter is out! In our newsletter, we shed light on the recent market development and the current trend of companies being taken off the stock market (takeover and delistings).

In the virtual live event, Agillic was represented by CEO Emre Gürsoy and CFO Claus Boysen, who presented the financial results and updated on the recent business highlights. Agillic's new Chairman Joar Welde also joined the event, providing insights about Viking Venture's investment in Agillic. 

This morning, Agillic announced its Q1 2023 report, showing a growth rate of 22% in total ARR, 17% in revenue growth, and break-even on EBITDA.

Today, we have sent out our second monthly Software-as-a-Service (SaaS) newsletter, which covers news from March month and the recent development in the ARR valuation multiple. This newsletter’s theme focuses on the growth outlook for 2023, providing perspectives from Gartner reports, a CIO survey, as well as new 2023 guidance from the listed companies. Looking into the Danish SaaS sector, we see that the expected 2023 growth rates (we take the midrange of the SaaS companies’ 2023 ARR guidance) are slightly above the realized ARR growth from 2022.