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Fundraising & Equity

What Valuation Should I Expect?

Written by Harry Prabandham

Curated by Rubric Financial

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Typical Valuations by Stage

  • Pre-seed: $3M-$10M post-money cap on SAFEs, driven by team, market, and early thesis, not revenue
  • Seed: $8M-$20M post-money, driven by early traction, MRR trajectory, and competitive dynamics in the round
  • Series A: $30M-$80M pre-money, driven by ARR, growth rate, NRR, and the quality of your unit economics
  • These ranges shift significantly by market conditions, geography, sector, and the competitive landscape for your deal

About the author

Harry Prabandham

Founder & CEO

Founder and CEO of StartupCFO. MBA from Wharton, MS in Computer Science, and decades of experience building and advising venture-backed startups.

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