VENIONAIRE DEALMATRIX
Know what a private company is really worth.
Valuation multiples and method-based valuation reports for private companies.
Benchmark Data
Valuation Multiples
Quarterly updated EV/Sales and EV/EBITDA valuation multiples sorted by 140+ sectors, 7 stages and 6 regions.
Valuation Multiples
Illustration purposes only
Artificial Intelligence
EV / Sales
0.00×
EV / EBITDA
0.00×
EV / Sales · 2005 → 2026× multiple
20052010201520202026
Valuation Report
Startup Valuation Engine
Startup valuation reports based on the recognized Berkus, Payne Scorecard, VC, Venionaire and First Chicago methods.
Startup Valuation Engine
5 METHODS · Ø CONSENSUS
∅€ 0
- 1Berkus Method€ 5.843.333
- 2Payne Method€ 6.750.000
- 3VC Rating | Venionaire€ 5.328.750
- 4VC Method€ 6.482.000
- 5First Chicago Method€ 7.121.500
€ 5.328.750€ 6.305.117€ 7.121.500
Which one?
Pre-revenue The Startup Valuation Enginevalues you on qualitative method (Berkus & Scorecard)
With revenue Valuation Multiplesfor the market read; the Startup Valuation Engine adds projection methods (VC Method, First Chicago)
TRACK RECORD OF LEADING COMPANIES & EVENTS
WHAT WE DO
Make valuations more transparent.
We turn noisy public multiples into a benchmark you can actually price a private company against.
Payments · listed sub-industry · EV / Sales
The market swings. Your benchmark shouldn’t.
Market price · listed comparables
Model estimate · macro, industry, region, quarter
Market noise · the gap between price and fundamentals
Category
4 listed sub-industries
There is no listed FinTech. So we build one.
Listed sub-industries, weighted
DealMatrix FinTech
Region & round
Listed level
Listed companies are not startups. So we translate.
Listed level of the category
Europe · Series B
Illustrative series. End values follow the DealMatrix methodology: Payments market 8.44×, model estimate 7.16×; category weights 40 / 30 / 20 / 10 % giving FinTech 5.37×; region factor Europe 0.835 and round factor Series B 2.22 giving 9.95× EV/Sales.
MULTIPLES COMPARISON
Our multiples, checked against real deals.
Privately held companies that disclosed both a funding valuation and revenue. Our range brackets the actual multiple without ever seeing the deal.
| Company | Industries (blend) | Region | Stage | Round | Valuation | Revenue | Actual EV/Sales | DealMatrix EV/Sales |
|---|---|---|---|---|---|---|---|---|
| Mercury | FinTech, SaaS, Payments, Financial Services | North America | Series C | Q1 2025 | $3.5B | $500M (FY24) | 7.0× | 6.7–7.9× |
| Mercury | FinTech, SaaS, Payments | North America | Series D | Q2 2026 | $5.2B | $650M (ann.) | 8.0× | 6.9–8.3× |
| KreditBee | FinTech, Lending, Payments | Asia-Pacific | Series D | Q1 2023 | $680M | ~$96M (FY23) | 7.1× | 6.8–8.0× |
| Enpal | CleanTech, Green Energy, Financing | Europe | Series D | Q1 2023 | €2.2B | €415M (FY22) | 5.3× | 4.6–5.5× |
| Olipop | Food and Beverage, Nutrition, Consumer Goods | North America | Series C | Q1 2025 | $1.85B | $400M (FY24) | 4.6× | 4.3–5.2× |
| Bending Spoons | Apps, SaaS, Artificial Intelligence | Europe | Series D | Q1 2024 | $2.55B | $392M (FY23) | 6.5× | 5.7–6.8× |
| Plata | FinTech, Lending, Payments | Latin America | Series C | Q2 2026 | $5.0B | $600M+ (ann.) | 8.3× | 7.3–8.6× |
| KreditBee | FinTech, Lending, Payments | Asia-Pacific | Series E | Q2 2026 | $1.5B | ~$315M (FY25) | 4.8× | 4.5–5.4× |
EV/Sales = enterprise value ÷ revenue. Actual = disclosed round valuation ÷ disclosed revenue (or annualized run-rate, marked “ann.”). The DealMatrix range reflects the possible weightings across the listed industries. Deal figures come from company announcements and filed accounts linked on each company name.
HOW IT WORKS
Simple. Structured. Fast.
01
Select your sectors
Choose from 140+ sectors and assign custom weights across up to 4 to reflect your specific deal composition.
02
Set stage & region
Filter by company stage (Pre-Seed to Series E) and the relevant global region for market-specific context.
03
Download your multiples
Receive EV/Sales & EV/EBITDA multiples as a time series. Download in one click — valuation-ready.
01
Enter your data
Input your financials, growth metrics, and company profile.
02
Receive your valuation
Get a range based on multiple methods — VC Method, First Chicago, Scorecard and more — in a downloadable report.
03
Match with investors
Our matching technology connects your validated profile with investors who fit your stage, sector, and region.
PERFECT FIT
Built for private market professionals
VC & PE Analysts
Benchmark portfolio companies against private-market peers before investment decisions.
M&A Advisors
Anchor deal pricing in defensible, sector-specific private multiples for client mandates.
CFOs & Finance Teams
Board-level valuation reports grounded in private market data, not public proxies.
Early-stage startups
Structured valuation before your first investor meeting — multiple methods, one report.
Scaleups & Series A–C
Validate your round valuation with method-based benchmarks before term sheet negotiations.
Business Angels
Assess a startup's fair valuation range before committing to due diligence.
INDUSTRY COVERAGE
140+ Industries covered
Find multiples for your specific industry.
Search 140+ sectors
Software & Data
SaaS, AI, developer tools, data platforms, security, and enterprise software.
SaaS
EV/Sales · EV/EBITDA
Artificial Intelligence
EV/Sales · EV/EBITDA
Machine Learning
EV/Sales · EV/EBITDA
Big Data
EV/Sales · EV/EBITDA
Analytics
EV/Sales · EV/EBITDA
Business Intelligence
EV/Sales · EV/EBITDA
Software
EV/Sales · EV/EBITDA
Enterprise
EV/Sales · EV/EBITDA
Developer Tools
EV/Sales · EV/EBITDA
IT (Information Technology)
EV/Sales · EV/EBITDA
Cyber Security
EV/Sales · EV/EBITDA
Privacy and Security
EV/Sales · EV/EBITDA
CRM
EV/Sales · EV/EBITDA
Productivity
EV/Sales · EV/EBITDA
Project Management
EV/Sales · EV/EBITDA
Platforms
EV/Sales · EV/EBITDA
Internet Services
EV/Sales · EV/EBITDA
Mobile Apps
EV/Sales · EV/EBITDA
HR Tech
EV/Sales · EV/EBITDA
LegalTech
EV/Sales · EV/EBITDA
RegTech
EV/Sales · EV/EBITDA
LanguageTech
EV/Sales · EV/EBITDA
Augmented Reality
EV/Sales · EV/EBITDA
VR (Virtual Reality)
EV/Sales · EV/EBITDA
3D Printing
EV/Sales · EV/EBITDA
Innovation Management
EV/Sales · EV/EBITDA
Finance & FinTech
Payments, lending, insurance, blockchain, crypto, and financial services.
FinTech
EV/Sales · EV/EBITDA
Financial Services
EV/Sales · EV/EBITDA
Payments
EV/Sales · EV/EBITDA
Lending and Investments
EV/Sales · EV/EBITDA
Personal Finance
EV/Sales · EV/EBITDA
Insurance
EV/Sales · EV/EBITDA
Blockchain
EV/Sales · EV/EBITDA
Cryptocurrency
EV/Sales · EV/EBITDA
DeFi
EV/Sales · EV/EBITDA
Accounting
EV/Sales · EV/EBITDA
Taxation
EV/Sales · EV/EBITDA
VC (Venture Capital)
EV/Sales · EV/EBITDA
Health & Life Sciences
HealthTech, MedTech, Biotech, Digital Health, Pharma, and FemTech.
HealthTech
EV/Sales · EV/EBITDA
Health Care
EV/Sales · EV/EBITDA
Digital Health
EV/Sales · EV/EBITDA
MedTech
EV/Sales · EV/EBITDA
Medical Device
EV/Sales · EV/EBITDA
BioTech
EV/Sales · EV/EBITDA
Pharmaceutical
EV/Sales · EV/EBITDA
Chemistry
EV/Sales · EV/EBITDA
FemTech
EV/Sales · EV/EBITDA
Wellness
EV/Sales · EV/EBITDA
Nutrition
EV/Sales · EV/EBITDA
Cannabis
EV/Sales · EV/EBITDA
Commerce & Consumer
E-commerce, marketplaces, retail, fashion, food, and consumer goods.
E-Commerce
EV/Sales · EV/EBITDA
Consumer Goods
EV/Sales · EV/EBITDA
Consumer Electronics
EV/Sales · EV/EBITDA
Consumer Research
EV/Sales · EV/EBITDA
Fashion
EV/Sales · EV/EBITDA
Food and Beverage
EV/Sales · EV/EBITDA
Delivery
EV/Sales · EV/EBITDA
Shared Economy
EV/Sales · EV/EBITDA
PetTech
EV/Sales · EV/EBITDA
Dating
EV/Sales · EV/EBITDA
Hospitality
EV/Sales · EV/EBITDA
Travel and Tourism
EV/Sales · EV/EBITDA
Events
EV/Sales · EV/EBITDA
SportsTech
EV/Sales · EV/EBITDA
Industrial & Mobility
Robotics, automation, logistics, manufacturing, aerospace, and smart mobility.
Robotics
EV/Sales · EV/EBITDA
Automation
EV/Sales · EV/EBITDA
Manufacturing
EV/Sales · EV/EBITDA
Production Management
EV/Sales · EV/EBITDA
Supply Chain Management
EV/Sales · EV/EBITDA
Logistics
EV/Sales · EV/EBITDA
Transportation
EV/Sales · EV/EBITDA
Smart Mobility
EV/Sales · EV/EBITDA
Automotive
EV/Sales · EV/EBITDA
Aerospace
EV/Sales · EV/EBITDA
Drones
EV/Sales · EV/EBITDA
Science and Engineering
EV/Sales · EV/EBITDA
Natural Resources
EV/Sales · EV/EBITDA
AgTech
EV/Sales · EV/EBITDA
Media, Gaming & Social
Streaming, gaming, social networks, content, entertainment, and advertising.
Entertainment
EV/Sales · EV/EBITDA
Gaming
EV/Sales · EV/EBITDA
eSports
EV/Sales · EV/EBITDA
Social Media
EV/Sales · EV/EBITDA
Content and Publishing
EV/Sales · EV/EBITDA
Streaming
EV/Sales · EV/EBITDA
Video
EV/Sales · EV/EBITDA
Music and Audio
EV/Sales · EV/EBITDA
Filming
EV/Sales · EV/EBITDA
Advertising
EV/Sales · EV/EBITDA
Design
EV/Sales · EV/EBITDA
Infrastructure & Hardware
PropTech, IoT, hardware, telecom, smart home, and real estate.
PropTech
EV/Sales · EV/EBITDA
Real Estate
EV/Sales · EV/EBITDA
Smart Home
EV/Sales · EV/EBITDA
Smart Tech
EV/Sales · EV/EBITDA
IoT (Internet of Things)
EV/Sales · EV/EBITDA
Hardware
EV/Sales · EV/EBITDA
Telecommunications
EV/Sales · EV/EBITDA
Navigation and Mapping
EV/Sales · EV/EBITDA
Coworking
EV/Sales · EV/EBITDA
Government and Military
EV/Sales · EV/EBITDA
Energy & Sustainability
CleanTech, renewable energy, circular economy, and sustainability.
Professional Services
Consulting, marketing, sales, training, education, and business services.
General & Other
Sectors spanning multiple domains or with unique standalone valuation profiles.
DEALS MONITOR
The hottest deals in the spotlight
In the Deals Monitor, our analysts research the hottest deals to separate signal from noise and surface transactions that truly matter for dealmakers & investors.
Proxima Fusion
Proxima Fusion Series B: Proxima Fusion Raises $468M, Hits $2.7B Valuation
- Deal of the Week
Isomorphic Labs
Isomorphic Labs Series B: Isomorphic Labs raised $2.1 Billion funding to scale its AI drug design engine
- Deal of the Month
Q.ANT
Stuttgart’s Q.ANT raises €62M to scale energy-efficient photonic processors for AI and high-performance computing
- Deal of the Year