How to Answer What Should My SAFE Valuation Cap Be

How to Answer What Should My SAFE Valuation Cap Be

Author:ย 

Peter Walker

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1 minute

Published date:ย 

August 1, 2024

The most common question from early founders: cap benchmarks from Carta show medians from $8M for angel rounds to $15M for $2M+ raises, with wide 25th-75th...

LinkedIn: How to Answer What Should My SAFE Valuation Cap Be

"Peter, what should my valuation cap be?"

Number one question I get from pre-seed and seed founders who've decided to fundraise on SAFEs.

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Raising $250K-$499K | "Angel Round"

  • Median val cap is $8M

  • The segment of val caps from $5M-$7.5M is most common

Raising $500K-$999K | "Big Angel Round"

  • Median val cap is $10M

  • The tier $10M-$14M is most common

Raising $1M-$2.4M | "Pre-Seed Round"

  • Median val cap is $12M

  • The tier $10M-$14M is most common

Raising $2.5M-$4.9M | "Seed Round"

  • Median val cap is $20M

  • The tier $20M-$29M is most common

Raising $5M + | "Jumbo Seed Round"

  • Median val cap is $36M

  • The tier $30M+ is most common

Hope this info helps you close your early capital!

Reminder that you can close SAFEsโ€”and build your whole cap tableโ€”for free on Carta until you raise your first million.

#startups #SAFEs #fundraising #founders

Peter Walker
Author: Peter Walker
Peter Walker runs the Insights team at Carta, focused on discovering key data and narratives across the private capital ecosystem. In a former life, he was a marketing executive for a media analytics startup and led the data visualization team at the Covid Tracking Project.

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