Log in

Software Valuation Multiples

Explore private market Software 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

Software

Software companies build tools, applications, and platforms that automate processes, enable decisions, and connect systems across every sector of the economy. Private market software valuations reflect revenue growth, retention, gross margin quality, and the defensibility of the core product in a competitive landscape.

The category is broad — spanning enterprise platforms, vertical applications, infrastructure software, and productivity tools — unified by scalable distribution and high gross margins. DealMatrix tracks valuation dynamics across 7 funding stages and all major global regions, updated every quarter.

→
Revenue Quality
Recurring, predictable revenue with high gross margins is the fundamental driver of software valuation premiums.
→
Customer Retention
Net revenue retention above 110% signals product-market fit and compounding growth without proportional sales spend.
→
Distribution Advantage
Strong channel partnerships, marketplaces, or PLG motions reduce CAC and accelerate enterprise penetration.
→
Vertical Depth
Purpose-built vertical software commands pricing power and retention through deep workflow integration.

Sector

Software

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

Software Valuation Multiples

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

Data Selection
Industries
Select Industries:
Software
Sector is pre-selected for this page.
Regional Filter
Select Region:
Stage
Select Company Stage:
Multiples
Please select a region and funding stage from the sidebar to preview valuation multiples.
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
Step 1: Data Acquisition
↓
Step 2: Data Cleaning
↓
Step 3: Econometric Modelling
↓
Step 4: Multiple Averaging
↓
Step 5: Region/Stage Adjustment
↓
Final DealMatrix Multiples
Following IPEV Guidelines 2025
Deals Monitor
Latest AI Deals
February 16, 2026

Pet Love Boom Fuels Lassie’s $75m Series C as It Moves to Own the Future of Pet Care in Europe

raised

USD 75m

Valuation

Region

Stage

Read more →
August 30, 2025

Riverlane raises $75 million to meet surging global demand for quantum error correction technology

raised

USD 75 M

Valuation

USD 325 M

Region

Stage

Read more →
July 21, 2025

Lovable becomes a unicorn with $200M Series A just 8 months after launch

raised

USD 200M

Valuation

USD 1.8B

Region

Stage

Read more →
May 16, 2025

With $110M raise, Ascendx Cloud gives Enterprise CRM data sollutions an AI lift

raised

USD 60m

Valuation

Region

Stage

Read more →
February 19, 2025

Hospitality revenue management provider RoomPriceGenie receives $75M for expansion

raised

USD 75m

Valuation

Region

Stage

Read more →
November 22, 2024

Tessl raises $125M at $500M+ valuation to build AI that writes and maintains code

raised

USD 100m

Valuation

USD 650m

Region

Stage

Read more →
Related Industries
Similar Industries to explore

Software & Data

IoT

Internet of Things companies build connected devices, sensor networks, and edge computing platforms that enable real-time monitoring, automation, and data collection across industrial, commercial, and consumer environments. Valuations are driven by device attach rates, recurring software and connectivity revenue layered on hardware, and the ability to convert operational data into measurable efficiency gains for customers.
Explore →

Software & Data

Machine Learning

Machine Learning companies build platforms and applications that enable systems to learn from data and improve over time – powering automation, prediction, and intelligent decision-making at scale. Valuations are driven by training data quality, MLOps maturity, and the ability to translate model performance into reliable production deployments.
Explore →

Software & Data

Dev Tools

Developer Tools companies build the APIs, infrastructure, and workflows powering modern software development. Valued for usage-based pricing, deep pipeline integration, and bottom-up developer adoption.
Explore →

COMPANY VALUATION

Start using data-driven private equity/venture capital multiples.

Try for free
Book a Demo