2024 Valuation Averages
Summarizing some of the data I am seeing for the year so far for SAFE deals:
Angel Rounds ($250-$500k) - median valuation cap of $7.5mn; statistically meaningful range is ~$5-$8 mn.
Big Angel Rounds ($500k - $1mn) - median valuation cap of ~$10mn; statistically meaningful range is ~$10-14mn .
Pre Seed ($1mn-$2.5mn) - median valuation cap of ~$12mn; statistically meaningful range is again around $10-14mn.
Seed ($2.5mn-$5mn) - median valuation cap of ~$20mn; statistically meaningful range is around $20-30mn.
Big Seed ($5mn+) - median valuation cap of ~$32mn; statistically meaningful range is around $30-40mn.
Other observations:
Fewer total rounds YoY (~38% down).
Significant tick up in valuations from 2023 (mean gain of ~22% - adjusted for size) - but again - against the backdrop of fewer total rounds.
Alright then, until the next time i feel like data crunching.