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.
33
Reviewed transactions
7
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 | 25 | 5 | 1.9x | - |
| 2025 | 3 | 1 | - | - |
Sortable transaction comps
Software transaction table
Rows with reported value
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Acquisition EV, USD
USD 11B
Investment EV, USD
-
Median EV / ARR or revenue
1.9x
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25 shown of 33 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.
| Select for comparison | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Turso Control | 2026-10-02 | Supabase | Undisclosed | Undisclosed | - | - | - | Confirmed 2 sources | ||
| Robotiq.ai Control | 2026-09-28 | HCLSoftware | Undisclosed | Undisclosed | - | - | Zagreb, Croatia | Confirmed 2 sources | ||
| Vyne Medical Control | 2026-09-16 | MRO | Undisclosed | Undisclosed | - | - | United States | Confirmed 2 sources | ||
| distrib-u-tec Control | 2026-09-16 | Solen Software Group | Undisclosed | Undisclosed | - | - | North America | Confirmed 2 sources | ||
| Encompass Technologies Control | 2026-09-14 | VIP | Undisclosed | Undisclosed | - | - | - | Confirmed 2 sources | ||
| Console Control | 2026-09-01 | Palo Alto Networks | Undisclosed | Undisclosed | - | - | - | Confirmed 2 sources | ||
| LLumin Control | 2026-08-13 | CAI Software | Undisclosed | Undisclosed | - | - | - | Confirmed 3 sources | ||
| 2026-08-13 | Foods Connected | Undisclosed Undisclosed | Undisclosed | - | - | - | Confirmed 2 sources | |||
| Anyscale Control (70%) | 2026-07-30 | Nscale | USD 1.6B Rumored Value | 1,650 | - | - | United States / United Kingdom | Confirmed 1 source | ||
| Modular Control | 2026-07-29 | Qualcomm | Undisclosed | Undisclosed | - | - | - | Confirmed 3 sources | ||
| Raft Control | 2026-07-28 | Leonardo DRS | USD 450M Consideration | 450 | - | - | United States | Confirmed 1 source | ||
| datacenterHawk Control | 2026-07-28 | S&P Global | Undisclosed | Undisclosed | - | - | global | Confirmed 1 source | ||
| Ark Control | 2026-07-16 | AngelList | Undisclosed Undisclosed | Undisclosed | - | - | - | Confirmed 1 source | ||
| Buddy Healthcare Control | 2026-07-13 | VitalHub | Undisclosed | Undisclosed | - | - | - | Confirmed 1 source | ||
| QPerfect Control | 2026-07-08 | BTQ Technologies | Undisclosed | Undisclosed | - | - | Strasbourg, France | Confirmed 2 sources | ||
| MatrixCare Control | 2026-07-07 | Frazier Healthcare Partners | Undisclosed | Undisclosed | - | - | United States | Confirmed 1 source | ||
| Quantistry assets Control | 2026-07-06 | IQM | Undisclosed | Undisclosed | - | - | - | Confirmed 1 source | ||
| Cataneo GmbH Control (10%) | 2026-06-30 | Brand Engagement Network, Inc. | USD 19.5M Consideration | 20 | 1.9x | - | Munich, Germany | Confirmed 2 sources | ||
| Clearwater Analytics Control | 2026-06-25 | Permira and Warburg Pincus | USD 8.4B | 8,400 | - | - | United States | Confirmed 1 source | ||
| Flyme software business Control (100%) | 2026-06-22 | ECARX Holdings Inc. | CNY 1.8B Equity Value | 266 | - | - | China | Confirmed 2 sources | ||
| 2026-04-23 | American Industrial Partners | Undisclosed | Undisclosed | - | - | - | Confirmed 1 source | |||
| DerbySoft Control | 2026-04-14 | Juniper Group | Undisclosed | Undisclosed | - | - | - | Confirmed 1 source | ||
| GemTalk Systems Control | 2026-04-14 | Emergence | Undisclosed | Undisclosed | - | - | United States | Confirmed 2 sources | ||
| Simio Control | 2026-01-27 | Aegis Software | Undisclosed | Undisclosed | - | - | - | Confirmed 2 sources | ||
| Contentful Control | 2026-01-22 | Salesforce | Undisclosed | Undisclosed | - | - | - | Confirmed 1 source |
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.