Revenue Multiple
定義
A revenue multiple values a company as a multiple of its revenue or ARR, the dominant valuation shorthand for growth-stage software.
資金調達における位置づけ
In 2026, US B2B software Series A rounds price at roughly 15x to 30x current ARR, with growth rate and retention setting the position in the band.
よくある質問
What drives a higher revenue multiple?
Growth rate above all, then net revenue retention, gross margin, market heat, and competition for the deal.
Do multiples apply to pre-revenue startups?
No; pre-revenue pricing runs on stage norms and comparables instead.