Investment and M&A transaction comps

Software & SaaS Investment & M&A Transaction Comps

Software, SaaS, vertical software, infrastructure software and application software transactions. ARR and revenue multiples are emphasized where disclosed.

15
Reviewed transactions
3
With price data
1.9x
Median EV or valuation / ARR or revenue
-
Median EV or valuation / EBITDA
Year Transactions Priced Median EV or valuation / ARR or revenue Median EV or valuation / EBITDA
2026 5 3 1.9x -

Sortable transaction comps

Software transaction table

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3 / 15

Acquisition EV, USD

USD 736M

Investment EV, USD

-

Median EV / ARR or revenue

1.9x

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15 shown of 15 matching transactions. Click any transaction row for more detail.

Values are 100% enterprise values. Multiples divide EV by full-company revenue or EBITDA. Reported prices are assumed to be EV; explicit partial-stake prices are grossed up as estimates. Amounts paid are tracked separately.

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Turso
Control
2026-10-02 Supabase Undisclosed - -
SoftwareDatabase Infrastructure
+2
Database SoftwareDeveloper Tools
Robotiq.ai
Control
2026-09-28 HCLSoftware Undisclosed - -
Enterprise SoftwareSoftware
+3
Enterprise Robotic Process AutomationRobotic Process AutomationWorkflow Automation
Raft
Control
2026-07-28 Leonardo DRS 450 - -
SoftwareAI Software
+2
Data FusionMission Software
Cataneo GmbH
Control (10%)
2026-06-30 Brand Engagement Network, Inc. 20 1.9x -
Enterprise SoftwareAdvertising Technology
+4
SoftwareCloud SoftwareVertical SaaSMedia Operations Software
Flyme software business
Control (100%)
2026-06-22 ECARX Holdings Inc. 266 - -
SoftwareAutomotive Software
+2
Cross Device Operating SystemIn Vehicle Operating System
Ansys
Control
2024-01-16 Synopsys Undisclosed - -
SoftwareEngineering Simulation Software
+2
Engineering SoftwareSimulation Software
PowerPlan
Control
2018-05-21 Roper Technologies Undisclosed - -
SaaSSoftware
+1
Vertical SaaS
distrib-u-tec
Control
- Solen Software Group Undisclosed - -
SoftwareVertical SaaS
+2
ERPFood Distribution
Modular
Control
- Qualcomm Undisclosed - -
SoftwareAI Infrastructure
+2
AI Software InfrastructureDeveloper Software
Simio
Control
- Aegis Software Undisclosed - -
Advanced Planning And SchedulingSoftware
+3
Digital Twin SimulationDigital Twin Simulation And Advanced Planning And Scheduling SoftwareIndustrial Software
Console
Control
- Palo Alto Networks Undisclosed - -
Agentic AISoftware
+3
AI SoftwareCybersecurityCybersecurity AI Platform
GemTalk Systems
Control
- Emergence Undisclosed - -
Enterprise SoftwareInfrastructure Software
+2
SoftwareDatabase Software
- VIP Undisclosed - -
SoftwareVertical SaaS
+1
Food And Beverage Technology
Ark
Control
- AngelList Undisclosed - -
AISaaS
+5
Banking SoftwareSoftwareFintechVertical SaaSFund Administration
MatrixCare
Control
- Frazier Healthcare Partners Undisclosed - -
Electronic Health RecordsSoftware
+4
Healthcare SoftwareVertical SaaSHome Health And Hospice SoftwarePost Acute Care
FundComb transaction comps are informational only. Prices are shown as estimated enterprise value where available, with USD used as the default sorting currency; revenue and EBITDA multiples are shown where available. Values may be estimated, rumored, incomplete or derived from public information and should not be relied upon as financial, investment or valuation advice.