News from the Vintage Altaroc Companies

‍Visma Surpasses 3 Billion Euros in Annual Recurring Revenue

The Norwegian cloud giant has just surpassed the 3 billion euro mark in annual recurring revenue—that is, the revenue Visma is guaranteed to receive each year from the subscriptions of its 2.7 million customers. The provider of accounting, payroll, and invoicing software—which received co-investment from the Vintage FPCI Altaroc Odyssey 2023—added nearly 300,000 new customers in the first half of 2026, representing a 30% increase in just one year. This momentum stems from the group’s six new acquisitions in Europe and South America, as well as the gradual mandate for electronic invoicing in Europe, which is forcing small and medium-sized enterprises to adopt compliant software and accelerate their digital transformation.

AI enables team.blue to generate 866 million euros in annual recurring revenue

Like Visma, team.blue has reached a new milestone, announcing a few weeks ago that it had achieved €866 million in annual recurring revenue in 2025. The Belgian group, which was featured in the Vintage FPCI Altaroc Odyssey 2022, provides domain names, cloud hosting, and management software to 3.3 million small and medium-sized businesses in 23 European countries. The company has added more than 600,000 new customers in one year, representing 11% organic growth. Its AI-powered products, such as automated website builders, are growing twice as fast as the rest of the market and are generating an ARR approaching 1 billion euros for the company.

For the^sixth consecutive year, FinQuery has been named one of the fastest-growing U.S. companies

The Atlanta-based company has made the Inc. 5000 list of the fastest-growing private U.S. companies for the sixth consecutive year—an honor previously earned by Microsoft, Intuit, and Patagonia. Featured in the Vintage FPCI Altaroc Odyssey 2023, FinQuery tackles a well-known headache for finance departments: converting every office, vehicle, or equipment lease into account lines. This work is still most often done manually, contract by contract, which is time-consuming and prone to errors that auditors must then track down and document. FinQuery’s software streamlines these time-consuming tasks. It reads these documents and automatically generates the required figures, in compliance with current regulations and ready for presentation during an audit. FinQuery currently serves 8,700 client organizations worldwide, including Frontier Airlines and Community Bank.

The U.S. Space Force Orders 18 Satellites from Sierra Space for $798 Million

Sierra Space has just been awarded a $798 million contract from the SDA, the U.S. Space Force’s space agency responsible for military surveillance systems. The government order covers 18 missile detection and tracking satellites, intended to strengthen the U.S. missile defense shield from space. This contract reaffirms the company’s status—as featured in the Vintage FPCI Altaroc Odyssey 2021 —as a leading prime contractor in the space market, both for the development of commercial flights and high-tech satellites.

ThreatLocker Raises $190 Million and Expands into the U.K.

$190 million: that’s the amount ThreatLocker, a U.S.-based cybersecurity specialist, has just raised in the Vintage FPCI Altaroc Odyssey 2021 round. This funding will be used to strengthen its solutions against AI-related risks, develop its platform, and open an office in Reading, west of London. The U.S. firm has built its success on a simple approach. Instead of tracking known malware, it blocks all unauthorized programs by default. Even a conventional but unapproved website cannot be opened by its 70,000 customers.