Economic Intelligence Brief No. 5

What's Your Company Worth?

Valuation benchmarks by company age and revenue stage.

$10.0M — overall median valuation cap

Summary

What is a private company actually worth at a crowdfunding raise? This brief benchmarks valuations by the two levers that matter most — age and revenue.

Key findings

• Overall median valuation cap: $10.0M.
• Startup (<3 yrs) $8.1M vs established (≥3 yrs) $15.0M — about 1.85x.
• Crossing into revenue adds ~30% ($9.0M pre → $11.7M post).
• Based on 5,422 funded equity offerings with a disclosed cap.

Frequently asked questions

What is the typical Reg CF valuation cap?

The overall median is $10.0M, based on 5,422 funded equity offerings with a disclosed cap.

How much does age and revenue matter?

Established companies (≥3 years) command $15.0M vs $8.1M for startups (<3 years) — about 1.85x. Crossing into revenue adds roughly 30% ($9.0M pre to $11.7M post).

Audience

Issuers · advisors · valuation research

About this brief

Published by CCLEAR.ai. Anchored to public SEC EDGAR filings and hand-verified against a locked data snapshot. CCLEAR is a data publisher, not an investment adviser; figures describe market activity, not investment outcomes or advice.

What's Your Company Worth? · CCLEAR Research Library · License the data · Commission research

More briefs in the CCLEAR Research Library

• Democratized Capital — Women & Minority Founders in Reg CF — How crowdfunding distributes capital to women- and minority-led companies.
• Funding America's Industrial Base — Crowdfunding capital flowing to U.S. manufacturing, energy, and clean tech.
• The Main Street Barometer — Retail investor sentiment and participation, tracked over a decade.
• A Market Comes of Age — A decade of valuation and capital-structure trends.
• Innovation Geography — How startup capital is decentralizing across the country.
• Built to Last — Survival rates of crowdfunded companies vs. national baselines.
• The $42.5 Billion Engine — The economic output generated by Reg CF companies.
• The First Two Weeks — How a campaign's first 14 days predict its final raise.
• The CrowdFinance Index — A daily, rules-based index of the crowdfunding market.
• The Crowdfunding Genome — America's top-30 startup-crowdfunding ecosystems, ranked.
• After the Raise — What happens to companies after they crowdfund.
• The Language of the Raise — NLP on 6,800 pitches — the words that move money.
• What Capital Costs — The cost and structure of crowdfunding capital by instrument.
• Regulation Crowdfunding by Congressional District: A Report Card — A rolling, district-by-district scorecard of Reg CF activity across all 435 U.S. House districts.
• Marked Up — How valuations grow when companies crowdfund again, and the paper markup that creates.
• The Exit File: Sales, Mergers & Public Listings of U.S. Regulation Crowdfunding Companies — Crowdfunded companies are exiting — $6.1B in sales, mergers and public listings in just fourteen months.
• The Intersection Penalty — Why Two Founder-Identity Advantages in Reg CF Do Not Combine — Two founder-identity advantages that are each real on their own do not add up.