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Enterprise Valuation Multiples

Explore private market Enterprise valuation multiples with benchmarks structured by stage and region. Updated quarterly.

Coverage
EV/Sales; EV/EBITDA
Valuation Multiples
Private Market
Benchmarks
Stage & Region
Adjustment
Quarterly
Updated
Sector Profile

Enterprise

Enterprise software companies build mission-critical platforms — ERP, CRM, data infrastructure, and workflow systems — that large organisations deploy across thousands of seats. Private market valuations are primarily revenue-driven, reflecting annual recurring revenue, net revenue retention, contract size, and the stickiness of multi-year enterprise agreements.

The category spans enterprise resource planning, business intelligence, collaboration suites, and vertical enterprise applications. DealMatrix tracks valuation dynamics across 7 funding stages and all major global regions, updated every quarter.

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Net Revenue Retention
Best-in-class enterprise vendors expand within accounts year over year, and high NRR is the single strongest premium driver on revenue multiples.
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Contract Value & Lock-In
Large multi-year contracts and deep integration into customer workflows create switching costs that support durable, defensible valuations.
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Gross Margin Quality
Software-grade gross margins above 75% signal scalable economics and command premiums over services-heavy or infrastructure-intensive peers.
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Enterprise Sales Motion
Established go-to-market with predictable sales efficiency and short payback periods lifts late-stage valuations over earlier, unproven peers.

Sector

Enterprise

Software & Data

Sector tracked since

2000

25+ years of data

EV/SALES & EV/EBITDA ACROSS

6 Regions · 7 Stages

Modelled independently via proprietary econometric approach

UPDATE FREQUENCY

Quarterly

Data updates & model improvement

Private Market

Enterprise Valuation Multiples

Select a region and funding stage to preview how Enterprise companies are valued in private markets. Full data available on the platform.

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Multiples
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Methodology

The Venionaire DealMatrix Multiples Model

DealMatrix multiples are derived through a five-step model combining public capital market comparables, proprietary VC/PE/M&A transaction data, and macroeconomic indicators.

The model produces three components: The reported public multiple, the model-predicted multiple, and the lower bound predicted multiple averaged into the DealMatrix Composite, then adjusted for region and funding stage. The methodology follows the IPEV Guidelines 2025.

Read full Methodology
Model Architecture
01
Data Acquisition
200 Public Indices
02
Statistical Cleaning
Outliers & Gaps
03
Econometric Modelling
Macro & Averaging
04
Regional Adjustment
6 Regions
05
Industry Weighting
150 Categories
06
Stage Adjustment
Pre-Seed → Series E
Final DealMatrix Multiple
EV/Sales & EV/EBITDA · by sector · region · stage
Following IPEV Guidelines 2025 · updated each quarter
Deals Monitor
Latest Enterprise Deals
May 26, 2026

Primer Series C: Primer raises $100m Series C to scale AI payments platform

raised

Primer raises $100m Series C to scale AI payments platform

Valuation

Region

Stage

Read more →
March 30, 2026

Granola Series C: Granola raises $125M, hits $1.5B valuation as it expands from meeting notetaker to enterprise AI app

raised

USD 125m

Valuation

USD 1.5b

Region

Stage

Read more →
June 24, 2025

Mercanis cements over $20M: Charting the future of AI-driven procurement

raised

EUR 17.3m

Valuation

Region

Stage

Read more →
March 14, 2025

Beekeeper secures $35 million growth funding

raised

USD 35m

Valuation

Region

Stage

Read more →
March 7, 2025

Mews Secures Major Investment to Cement Industry Leadership and Redefine Hospitality Management

raised

USD 75m

Valuation

Region

Stage

Read more →
February 27, 2025

Shop Circle Raises $60M Series B to Drive the Future of AI-Powered B2B Software

raised

USD 60m

Valuation

Region

Stage

Read more →
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