UK enterprise software startup Growth Intelligence just raised £1.7 million from 24Haymarket.
This actually means, based on comparables, that Growth Intelligence sold an estimated 20% equity stake in their company to 24Haymarket at a price of £1.7 million.
This in turn means that Growth Intelligence is priced at £1.7 million / 20% = £8.5 million post-money.
Price startup = price deal / equity stake sold