Founders - 3 weeks of startup fundraising left in 2025. Hereโs where the market stands right now.
Basic benchmarks from the last 6 months of VC deals on Carta:
๐๐ป๐ถ๐๐ถ๐ฎ๐น ๐๐๐ป๐ฑ๐ถ๐ป๐ด
Will happen on SAFEs.
$1M raised on a $10M post-money cap is the median
Val cap will rise if you're raising more money
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Median = $21M valuation with $4M raised
You'll sell 19%-20% of the business
๐ฆ๐ฒ๐ฟ๐ถ๐ฒ๐ ๐
Median = $67M valuation with $11M raised
You'll sell 18%-20% of the business
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Median = $140M valuation with $21M raised
You'll sell 12%-16% of the business
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Median = $383M valuation with $40M raised
You'll sell 8%-12% of the business
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Median = $650M valuation with $50M raised
You'll sell 6%-8% of the business
YES, these are heavily influenced by AI deals because there are a lot of AI deals.
YES, these are heavily influenced by SF deals because there are a lot of deals in SF.
Founders outside the main sector and the main market should expect lower valuations.
Not a lot of time left this year to fundraise, get out there ๐
#startups #fundraising #founders
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