French machine learning startup MyDataModels just raised €1 million from Earlybird VC.
This actually means that, based on comparable deals, MyDataModels sold an estimated 20% equity stake in their company to Earlybird VC for €1 million.
This in turn means that MyDataModels is valued priced at €1 million / 20% = €5 million post-money.
Price startup = price deal / equity stake sold