Market Intel

Appetise raises $7M selling grocery data to FMCG brands

Christchurch startup Appetise closed a $7M Series A after ditching $400k in consumer subscriptions to build a behavioral data platform. Now at $3.5M revenue, they are selling grocery insights to 70 brands including Heinz. Revenue tripled in six months, driven 70% by Australian growth.

Feb 19, 2026 · 2 min
Market Intel

Twelve B2B SaaS companies now trade below 2x revenue, some below cash

Twelve public B2B companies including RingCentral, LivePerson, and Teladoc now trade below 2.5x revenue. Combined they generate $10 billion in ARR but market cap sits under $10 billion. Growth has stalled, AI narratives are weak, and profitability remains elusive. This is not a broad market problem, it is structural.

Feb 19, 2026 · 4 min