Spiro Carbon enables robust sustainability monitoring across the agricultural supply chain, making the green transition accessible to all. We spoke to CEO, Ben Worley, about what their mission, and their fundraising journey so far. “There are so many components to a successful fundraising campaign and each one takes you away from actually building the business. Valuation defense is a big one and one that has a lasting impact on your business from initial funding through exit.” What is Spiro Carbon? Spiro Carbon provides highly scalable, transparent and credible monitoring, reporting and ve ..read more

Today we release our Quick Startup Valuation Estimate GPT, built on top of OpenAI’s ChatGPT LLM interface and Equidam’s API, which is accessible for ChatGPT users with a Plus or Team account. Try it out yourself This GPT-powered chat interface is based on the same logic as the initial estimate in a valuation calculated on Equidam, through which we provide a quick calculation based on 10 questions. This limited set of information allows us to algorithmically enrich your company data, using our database to provide comparisons and benchmarks, and then apply our full methodology to this expan ..read more

You can find in the table below a list of revenue multiples broken down into the same industry categories that we use on the Equidam platform (TRBC). The data is based on the annual estimate provided by Prof. Aswath Damodaran of the New York University for 2024. Revenue is the top line or gross income figure, the total income generated from goods sold or services provided. Revenue multiples are one of the most commonly used business valuation indicators that is often used by investors or potential buyers to assess a company’s valuation relative to its traction.  WARNING: use with cautio ..read more

Against the backdrop of a frosty market for startup fundraising, AI companies are raising large rounds on fairly relaxed terms. Driven by an unprecedented hype surrounding AI technologies, these companies are commanding valuations that are reminiscent of the highs of 2021. While the excitement is understandable, both founders and investors must navigate this terrain with a clear understanding that, at its core, a company’s valuation is fundamentally anchored in its future cash-generating potential. Whatever hype-driven premium they can command today should be justifiable based on a reasonabl ..read more

You can refer to the table below to see how the EBITDA multiples for the industries available on the Equidam platform will change on February 29th, 2024. These are applied to compute the Terminal value in the DCF method with Multiple and the potential exit value in the VC method. The data is based on the early 2024 estimate, published annually by Prof. Aswath Damodaran of New York University. Industry EBITDA Multiple Old New Var % Advanced Medical Equipment & Technology 20.99 21.44 ↑ 2.14% Advertising & Marketing 10.55 12.94 ↑ 22.65% Aerospace & Defense 15.27 18.49 ..read more

On February 29th, 2024, you’ll be upgraded to the latest version of Equidam, with updated valuation parameters. This update may result, on average, in a slight valuation decrease. To help explain why, we have provided more detailed analysis in the article below. What’s changing: 1. Average valuations used in the Scorecard Method and maximum valuations used in the Checklist Method We base our estimates on real transactions by country since August 1st, 2021. Whenever we were not able to find a significant amount of real pre-money valuations in a given country, we broadened our perspective to ..read more

You can refer to the table below to see how the average valuation for the Scorecard Method and maximum valuation for the Checklist Method will change for your country specifically after February 29th, 2024. We base our new country estimates on real transactions by country since Aug 1, 2021. Whenever we were not able to find a large enough sample of pre-money valuations in a given country, we broadened our perspective to the closest larger geographic entity (namely, region and continent). Country Currency Old Checklist Maximum New Checklist Maximum % change Old Scorecard Average New Scor ..read more

Valuing a startup can feel like plotting a course in the dark, as you try to reconcile significant uncertainty and risk with a clear-headed financial assessment. By understanding the purpose, drivers and methodology behind startup valuation, founders and investors can get much more value out of the process, and produce a result that encourages constructive fundraising negotiations and ensures fairer, more rational outcomes. The essence of valuing a startup goes beyond mere numbers; it is about weaving a compelling and coherent narrative that encapsulates a startup’s vision, strategy, and poten ..read more

Equidam partner WE.VESTR is a digital platform designed to streamline equity management for startups and scale-ups, providing tools for managing cap tables, ESOPs, and investor relations in one integrated environment. It aims to simplify the complexities of equity distribution, making it accessible and efficient for founders and their teams. We spoke to Floris van Hoogenhuyze, Co-Founder and CEO of WE.VESTR, to discuss how his company is simplifying equity management for startups and scale-ups. WE.VESTR aims to make managing equity as straightforward as email, addressing the traditionally com ..read more

Venture Studios are an innovative approach to venture capital which aim to reduce investor risk by producing startups with an increased rate of survival and success, and doing so while achieving economies of scale – sharing a pool of resources between ventures, such as fractional support for generic functions like marketing, HR, finance, legal, and sales. While venture studios adopt a range of models, with a significant amount of experimentation still going on with the format, there are two main categories: Corporate venture studios are – as the name implies – an extension of corporate ventu ..read more