This is obviously pure conjecture and completely made up, but I’m guessing between $200m and $250m. They’ve raised a total of of $33m at ~$100m. Assuming they got that valuation off of 10x revenue. - that means they were doing $10m or so per year in revenue.
Typically investors are looking for a 3-5x return if a company sells short term (< 10 years). A 5x on $33m is $165m, there’s more math that goes into so it’s easier to just round up. Which is about $200m.
Typically investors are looking for a 3-5x return if a company sells short term (< 10 years). A 5x on $33m is $165m, there’s more math that goes into so it’s easier to just round up. Which is about $200m.