The Ledger
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Half of 2023 Seed-Stage SaaS Startups Raised Pre-Revenue
“At the seed stage, as you can see here, approximately half of them were pre-revenue, while the other half had some ARR, anything between just a couple of 100,000 dollars Up to about a million or even 1.5 million.”
Janz: Seed deep tech startups can still raise $5M to $10M
“I think pre-seed or seed companies will still be able to raise significant amounts of money, like let's say five or ten million dollars if it's the right team and if it's the right opportunity to do that R&D work to get a product into the hands of customers.”
Half of VC Investors Demand a Convincing AI Strategy
“Half of them, maybe not surprisingly, also told us that a convincing AI strategy has become more important than it was previously.”
2023 Pre-Seed Rounds Target $1M–$1.5M at $5M–$10M Valuations
“If you look at where most of these data points are, and if you take a look at the median, you can see that most pre-seed round sizes were around one to one and a half million, and valuations were very roughly at five to ten million.”
2023 Seed Rounds Average $4M–$5M at $10M–$20M Pre-Money
“Most seed rounds were very roughly in the four to five million range at around 10 to twenty million pre.”
Janz: Half of 2021 SaaS Series B rounds exceeded $200M valuations
“And our takeaway from this data is that the round sizes are typically in the 18 to fifty million dollar rate range for the pre-money valuation. The range, as you can see, is Very, very wide, and I think that's, that is quite remarkable, and something which we …”
Janz: Typical SaaS Seed Valuations Have More Than Tripled Since 2016
“Valuations we originally mentioned or noted the range as being two to six million and now it's eight to 17. So that's basically more than triple the valuation at a typical seed round.”