Valuation Multiples · By Stage
How private companies are valued from Pre-Seed to Series E. Multiples are highest at the earliest stages and compress as companies mature and profitability comes into view. Figures are directional ranges; precise current data is in the tool.
The earliest priced rounds — valued on vision, team and market, almost entirely on revenue multiples.
View Pre-Seed multiples →First institutional money — still revenue-multiple driven, with early traction starting to matter.
View Seed multiples →Product-market fit and repeatable growth — the classic EV/Sales benchmark stage.
View Series A multiples →Scaling go-to-market — efficiency and unit economics start to anchor the multiple.
View Series B multiples →Proven scale — EV/EBITDA becomes increasingly relevant alongside EV/Sales.
View Series C multiples →Late-stage growth — multiples compress as growth normalises and profitability is in view.
View Series D multiples →Pre-exit maturity — valued increasingly like public peers on earnings.
View Series E multiples →See precise, current EV/Sales and EV/EBITDA multiples by sector, stage and region — and weight multiple industries — in the DealMatrix platform.
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