VENIONAIRE DEALMATRIX MULTIPLES

Valuation Multiples by Industry

Explore private market valuation multiples across 135+ sectors with benchmarks structured by stage and region. Updated quarterly. Built for practitioners.

Coverage

135+

Sectors covered

Private Market

Benchmarks

EV/Sales; EV/EBITDA

Valuation Multiples

Quarterly

Updated

→

Region

Group

Sector	Group	Series AEV/Sales	Series CEV/Sales	Series CEV/EBITDA
3D Printing	Software & Data	6.8×	3.2×	21.2×
Accounting	Finance & FinTech	11.9×	5.6×	22.5×
Advertising	Media, Gaming & Social	10.3×	4.8×	23.8×
Aerospace	Industrial & Mobility	5.2×	2.4×	18.3×
AgTech	Industrial & Mobility	9.5×	4.5×	23.3×
Analytics	Software & Data	12.1×	5.7×	24.6×
Artificial Intelligence	Software & Data	11.7×	5.4×	25.7×
Augmented Reality	Software & Data	7.5×	3.5×	22.8×
Automation	Industrial & Mobility	8.8×	4.1×	23.3×
Automotive	Industrial & Mobility	5.5×	2.6×	17.6×
Big Data	Software & Data	12.6×	5.9×	25.5×
BioTech	Health & Life Sciences	16.3×	7.6×	30.6×
Blockchain	Finance & FinTech	14.9×	6.9×	26.7×
Business Intelligence	Software & Data	12.6×	5.9×	29.4×
Cannabis	Health & Life Sciences	4.6×	2.2×	17.0×
Chemistry	Health & Life Sciences	7.7×	3.6×	18.6×
Circular Economy	Energy & Sustainability	7.6×	3.5×	20.1×
CleanTech	Energy & Sustainability	14.2×	6.6×	24.0×
Consulting	Professional Services	8.4×	3.9×	20.5×
Consumer Electronics	Commerce & Consumer	5.2×	2.4×	19.2×
Consumer Goods	Commerce & Consumer	7.5×	3.5×	21.2×
Consumer Research	Commerce & Consumer	10.7×	5.0×	22.3×
Content and Publishing	Media, Gaming & Social	12.7×	5.9×	26.6×
Coworking	Infrastructure & Hardware	39.4×	18.4×	38.8×
CRM	Software & Data	12.6×	5.9×	30.8×
Cryptocurrency	Finance & FinTech	16.0×	7.5×	28.5×
Customer Service	Professional Services	13.0×	6.1×	24.0×
Cyber Security	Software & Data	14.7×	6.9×	33.8×
Dating	Commerce & Consumer	13.4×	6.3×	26.5×
DeFi	Finance & FinTech	18.5×	8.6×	27.4×
Delivery	Commerce & Consumer	8.3×	3.9×	23.1×
Design	Media, Gaming & Social	10.4×	4.9×	21.8×
Developer Tools	Software & Data	14.0×	6.6×	33.5×
Digital Health	Health & Life Sciences	12.6×	5.9×	28.4×
Drones	Industrial & Mobility	6.6×	3.1×	21.2×
E-Commerce	Commerce & Consumer	3.4×	1.6×	13.7×
EdTech	Professional Services	11.8×	5.5×	26.4×
Education	Professional Services	8.2×	3.8×	20.4×
Energy	Energy & Sustainability	8.7×	4.1×	22.4×
Enterprise	Software & Data	11.2×	5.3×	28.2×
Entertainment	Media, Gaming & Social	13.9×	6.5×	25.4×
eSports	Media, Gaming & Social	14.3×	6.7×	26.3×
Events	Commerce & Consumer	8.3×	3.9×	19.4×
Fashion	Commerce & Consumer	7.6×	3.6×	22.0×
FemTech	Health & Life Sciences	10.5×	4.9×	25.3×
Filming	Media, Gaming & Social	10.7×	5.0×	20.7×
Financial Services	Finance & FinTech	5.6×	2.6×	9.9×
FinTech	Finance & FinTech	16.3×	7.6×	28.7×
Food and Beverage	Commerce & Consumer	11.0×	5.2×	24.3×
Gaming	Media, Gaming & Social	12.2×	5.7×	23.9×
Government and Military	Infrastructure & Hardware	5.9×	2.7×	19.8×
Hardware	Infrastructure & Hardware	8.1×	3.8×	23.4×
Health Care	Health & Life Sciences	12.2×	5.7×	25.9×
HealthTech	Health & Life Sciences	15.8×	7.4×	36.0×
Hospitality	Commerce & Consumer	9.7×	4.5×	16.7×
HR Tech	Software & Data	10.6×	4.9×	28.3×
Innovation Management	Software & Data	10.5×	4.9×	24.7×
Insurance	Finance & FinTech	n/a	n/a	n/a
Internet Services	Software & Data	21.9×	10.2×	45.6×
IoT (Internet of Things)	Infrastructure & Hardware	15.0×	7.0×	35.3×
IT (Information Technology)	Software & Data	10.2×	4.8×	26.5×
LanguageTech	Software & Data	12.3×	5.7×	29.2×
Legal	Professional Services	10.4×	4.8×	22.6×
LegalTech	Software & Data	11.3×	5.3×	26.8×
Lending and Investments	Finance & FinTech	8.1×	3.8×	13.7×
Logistics	Industrial & Mobility	8.6×	4.0×	16.7×
Machine Learning	Software & Data	12.4×	5.8×	28.9×
Manufacturing	Industrial & Mobility	5.6×	2.6×	18.4×
Marketing	Professional Services	8.6×	4.0×	22.1×
Medical Device	Health & Life Sciences	19.0×	8.9×	43.6×
MedTech	Health & Life Sciences	18.3×	8.5×	41.2×
Mobile Apps	Software & Data	13.6×	6.4×	30.5×
Music and Audio	Media, Gaming & Social	12.1×	5.6×	22.8×
Natural Resources	Industrial & Mobility	6.8×	3.2×	15.6×
Navigation and Mapping	Infrastructure & Hardware	13.9×	6.5×	33.9×
Nutrition	Health & Life Sciences	8.0×	3.7×	22.3×
Payments	Finance & FinTech	21.6×	10.1×	29.3×
Personal Finance	Finance & FinTech	11.5×	5.4×	14.5×
PetTech	Commerce & Consumer	9.8×	4.6×	22.3×
Pharmaceutical	Health & Life Sciences	13.2×	6.2×	29.7×
Platforms	Software & Data	15.1×	7.1×	35.4×
Privacy and Security	Software & Data	12.1×	5.6×	29.5×
Production Management	Industrial & Mobility	10.0×	4.7×	27.2×
Productivity	Software & Data	12.2×	5.7×	30.9×
Project Management	Software & Data	11.8×	5.5×	29.2×
PropTech	Infrastructure & Hardware	13.1×	6.1×	28.6×
Real Estate	Infrastructure & Hardware	11.3×	5.3×	19.8×
RegTech	Software & Data	12.2×	5.7×	30.1×
Renewable Energy	Energy & Sustainability	28.6×	13.4×	35.6×
Robotics	Industrial & Mobility	5.8×	2.7×	19.6×
SaaS	Software & Data	12.3×	5.8×	30.6×
Sales and Marketing	Professional Services	10.3×	4.8×	25.5×
Science and Engineering	Industrial & Mobility	8.2×	3.8×	24.0×
Shared Economy	Commerce & Consumer	16.1×	7.5×	35.7×
Smart Home	Infrastructure & Hardware	6.7×	3.1×	22.5×
Smart Mobility	Industrial & Mobility	6.8×	3.2×	21.9×
Smart Tech	Infrastructure & Hardware	9.3×	4.4×	26.4×
Social Media	Media, Gaming & Social	13.6×	6.4×	26.2×
Software	Software & Data	12.0×	5.6×	30.4×
SportsTech	Commerce & Consumer	10.8×	5.0×	26.5×
Streaming	Media, Gaming & Social	13.6×	6.4×	25.0×
Supply Chain Management	Industrial & Mobility	9.1×	4.2×	24.7×
Sustainability	Energy & Sustainability	16.1×	7.5×	25.7×
Taxation	Finance & FinTech	11.0×	5.1×	25.7×
Telecommunications	Infrastructure & Hardware	12.7×	5.9×	19.2×
Training	Professional Services	7.5×	3.5×	22.1×
Transportation	Industrial & Mobility	6.6×	3.1×	20.6×
Travel and Tourism	Commerce & Consumer	6.8×	3.2×	16.9×
VC (Venture Capital)	Finance & FinTech	12.2×	5.7×	23.6×
Video	Media, Gaming & Social	12.9×	6.0×	23.9×
VR (Virtual Reality)	Software & Data	11.1×	5.2×	27.3×
Wellness	Health & Life Sciences	7.2×	3.4×	21.2×

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As of 30 September 2025, calculated as on the DealMatrix platform and one year behind it. Each sector page shows every stage from Pre-Seed to Series E. n/m: EV/EBITDA is not meaningful for this low-margin sector. Current-quarter figures are in the DealMatrix platform.

VENIONAIRE DEALMATRIX MULTIPLES

Valuation Multiples by Industry

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