Polarsteps Raises €3.0 Million at Estimated €15 Million Valuation

The Netherlands-based travel tech startup Polarsteps just raised €3.0 million.

Assume, based on comparables, that they sold a 20% equity stake in their company in return for this investment.

Then Polarsteps did this deal at an estimated €3.0 million / 20% = €15 million post-money valuation.

Post-money valuation = investment / equity stake sold

Pre-money valuation = post-money valuation – investment

Do you have a different estimate for the stake that Polarsteps sold?

Then leave a comment about what you think it is, and why!

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