D11Z Ventures appears to be a venture capital or investment firm, based on their branding and website structure.

D11Z Ventures

Deutsche Börse AG operates as an exchange organization in Europe, the United States, and the Asia-Pacific. The company operates through seven segments: Eurex (Financial Derivatives), EEX (Commodities), 360T (Foreign Exchange), Xetra (Cash Equities), Clearstream (Post-Trading), IFS (Investment Fund Services), and Qontigo (index and analytics business). The company engages in the electronic trading of derivatives, electricity and gas products, emission rights, and foreign exchange; operating of Eurex Repo over the counter (OTC) trading platform and electronic clearing architecture; and operating as a central counterparty for on-and-off exchange derivatives, repo transactions, and OTC and exchange-traded derivatives. It also operates in the cash market through Xetra, Börse Frankfurt, and Tradegate trading venues; operates as a central counterparty for equities and bonds; and provides listing services. In addition, the company offers custody and settlement services for securities; investment fund services; global securities financing services; and collateral management, as well as secured money, market transaction, and repos and securities lending transaction services. Further, it develops and markets indices, as well as portfolio management and risk analysis software; markets licenses for trading and market signals; provides technology and reporting solutions for external customers; and offers link-up of trading participants. Deutsche Börse AG was founded in 1585 and is headquartered in Eschborn, Germany.

Deutsche Börse AG

Antler is a Singapore-based early stage investor founded in 2017. It runs a combined incubator and accelerator program to help entrepreneurs find co-founders and teams to develop their business ideas, and invests in the startups that are thereby generated. The company is considering extending to later stages, funding companies up to Series C, and has raised a $285 million fund for later stage investments.

Stefan Jung

Vegard Medbo

Fridtjof Berge

Jussi Salovaara

Magnus Grimeland

Dilan Mizrakli Landgraff

Antler Innovation Pte Ltd

Acadian Ventures is a venture capital firm that invests in startup companies, focusing on the future of work.

Metric
Company Name	D11Z Ventures	Deutsche Börse AG	Antler Innovation Pte Ltd	Acadian Ventures
Symbol		DB1
MSH ID	DE:ZF-HN	COM:DEUTSCHE-BOERSE	CO:ANTLER	COM:ACADIANVENTURES
Market	PRIVATE	STOCKS	PRIVATE	PRIVATE
Sector	Financial Services & Finance	Financial Services	Financial Services	Financial Services & Finance
Industry	Venture Capital	Financial - Data & Stock Exchanges	Venture Capital	Venture Capital
Country	DE	DE	SG	US
Stage
Employee Count	11	14.50K	1.86K
Website	zf-hn.de	deutsche-boerse.com	antler.co	acadianventures.com
LinkedIn		deutscheboerse	antlerglobal
Founders

Metric
Market Cap		36.62B
Enterprise Value
Monthly Web Traffic	5.74K	118.96K	2.17K
Web Traffic Growth	9.98	0.00	-0.26
Valuation
Raised Capital

Metric
Revenue		8.28B
Revenue (LTM)
Revenue (NTM)
Gross Profit		4.95B
EBITDA		3.18B
Operating Income		2.78B
Net Income		1.82B
EPS		9.88
Diluted EPS		9.87
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin		0.70
Operating Profit Margin		0.41
EBITDA Margin		0.38
Net Profit Margin		0.28
Return on Equity		0.28
Return on Assets		0.01
Return on Capital Employed		0.14

ZF-H

DE:ZF-HN

D11Z Ventures

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio		20.55
P/B Ratio		3.87
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio		4.61
EV Multiple		9.63

Metric
Days Sales Outstanding
Days Payables Outstanding
Days Inventory Outstanding
Operating Cycle		133.27
Cash Conversion Cycle		133.27
Asset Turnover		0.04

Metric
Operating Cash Flow		2.69B
Free Cash Flow		2.41B
Cash Flow to Debt		0.43
Operating Cash Flow/Sales		0.49
Free Cash Flow Yield

Metric
Cash & Equivalents		1.75B
Accounts Receivable		-2.21B
Inventory
Goodwill		8.68B
Debt to Capitalization		0.47
Debt to Assets
Current Ratio		1.01
Quick Ratio		14.22

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue
R&D to Revenue
SG&A to Revenue