F

Flusk

Developer Toolssubscription 2024

Security monitoring and bug tracking platform for apps built on Bubble.

Two French founders built a security and monitoring tool specifically for the Bubble no-code platform. Acquired by Bubble itself as an acquihire.

Financial Data

Asking Price
Undisclosed
Sale Price
$350,000 USD
Monthly Revenue (MRR)
$20.0K/mo
Annual Revenue (ARR)
$240,000/yr
Monthly Profit
N/A
Profit Multiple
1.5×
Revenue Multiple
1.5×

Exit Analysis

Flusk changed hands at a 1.5× profit multiple, below the 2.5× median of the 105 deals in this database that disclosed both price and profit. Multiples below the median usually point to risk the buyer priced in: churn, dependence on a single channel or a business that still needed its founder.

The $350,000 sale price puts it in the top quarter of the 623 deals with a disclosed price here, where the median is $21,000. Most indie acquisitions cluster well under the headline numbers founders read about, which is exactly why a real distribution is more useful than an average.

This database tracks 211 Developer Tools exits, and the ones that disclosed a price sold at a median of $25,000. Category matters more than founders expect: buyers apply different discount rates to a content business, a mobile app and a B2B tool even at identical revenue.

From founding to sale took 1.5 years. Time to exit is a decent proxy for how built-to-sell a business was: shorter, cleaner processes usually mean documented operations and fewer surprises in due diligence.

See how this compares across the market on our market stats page, or browse more Developer Tools exits.

Exit Timeline

Founded
2023
Time to Exit
1.5 years
Exit Date
September 2024
Platform
private

Tech Stack

BubbleNode.js

Founder

V
Victor Nihoul

Lessons Learned

Building tools for a platform gets you noticed by that platform. Bubble acquired Flusk to integrate native security features for all Bubble apps.
Source
Press