Data & infrastructure · Dublin, Ireland
Larkspur Analytics
Software-enabled services · Founder-owned · Founded 2007
Revenue€62mIllustrative LTM
EBITDA€10m16% margin
Revenue growth+8%Year on year
Recurring revenue43%Estimated share
Employees302+3% year on year
Company view
Medium confidenceCommercial analytics platform and managed service for multi-site consumer businesses.
Commercial analyticsSoftware-enabled servicesUK & IrelandFounder-owned
Synthetic source fields
No live client dataBusiness modelSoftware-enabled services
OwnershipFounder-owned
Revenue€62m
EBITDA€10m
Recurring revenue43%
International revenue67%
Investment thesis
What could be true- Strong international client base and attractive cash generation.
- Scope to increase software mix through product-led delivery.
Risks to resolve
Before advancing- Services remain a large share of revenue.
- Product boundaries are less defensible than pure-play SaaS peers.
Screening dimensions
Deterministic v1.0Revenue quality0.5 / 2.0
43% recurring revenue leaves material exposure to transactional or services revenue.
Scale1.5 / 1.5
€10.2m EBITDA sits inside the illustrative platform range.
Growth0.8 / 1.5
8% revenue growth is healthy but requires a specific acceleration thesis.
Profitability0.8 / 1.5
16% EBITDA margin is credible with room for further leverage.
Market focus1.00 / 1.25
The commercial analytics focus is clear, with some adjacent exposure.
Product depth0.6 / 1.0
Services or platform dependencies may limit defensibility.
International0.75 / 0.75
67% international revenue demonstrates a repeatable cross-border proposition.
Dealability0.5 / 0.5
Founder-owned status could support flexible bilateral engagement.