GetJenny’s €10M Valuation Requires €20M in Revenue

Finnish enterprise software startup GetJenny just raised €2 million from Dubai Angel Investors and others.

Valuation

Assume, based on comparable deals, that GetJenny sold a 20% equity stake in their company to Dubai Angel Investors.

Price startup = price deal / equity stake sold.

Then GetJenny is priced at €2 million / 20% = €10 million post-money.

Exit

Assume, based on comparable deals, that Dubai Angel Investors wants to have a shot at making 10x on their investment.

Exit value = price startup * money multiple.

Then Get Jenny’s €10 million valuation requires a €10 million * 10 = €100 million exit value.

Revenue

Assume, based on comparable European enterprise software companies, that GetJenny trades at 5x revenue at exit.

Annual revenue at exit = exit value / revenue multiple at exit.

Then GetJenny’s €100 million exit value requires €100 million / 5 = €20 million in annual revenue at exit.

Aifora’s €3M Raise Requires €30M in Revenue

German enterprise software startup aifora just raised €3 million from Capnamic.

Valuation Price

Assume, based on comparable deals, that aifora sold a 20% equity stake in their company to Capnamic.

Price startup = price deal / equity stake sold.

Then aifora is priced at €3 million / 20% = €15 million post-money.

Exit

Assume, based on comparable deals, that Capnamic wants to have a shot at making 10x on their investment.

Exit value = price startup * money multiple.

Then aifora’s €3 million raise requires a €15 million * 10 = €150 million exit value.

Revenue

Assume, based on comparable companies, that aifora trades at 5x revenue at exit.

Annual revenue at exit = exit value / revenue multiple at exit.

Then aifora’s €3 million raise requires €150 million / 5 = €30 million in annual revenue at exit.

OVRSEA Raised €1.9M at €9.5M Valuation

French transportation startup OVRSEA just raised €1.9 million from Kima Ventures and others.

This actually means that, based on comparable deals, OVRSEA sold an estimated 20% equity stake in their company to Kima Ventures at a price of €1.9 million.

This in turn means that OVRSEA is valued priced at an estimated €1.9 million / 20% = €9.5 million post-money.

Price startup = price deal / equity stake sold