Valuations of early-stage companies on one hand, and growth businesses, on the other, though different in many aspects, have at least one thing in common: in both cases dilution would negatively impact pre-money valuation of the target companies. We analyze data extracted from the BvD’s Zephyr database. The relevant sample consists of 330 angel investments in the EU27 area that were completed over the past 9 years. We therein try to investigate possible drivers of companies’ value, which according to the above article is positively related to the pre-money evaluation of a company.
The preliminary analysis shows that the average deal value is of approximately 255.5 th €, while the median is closer to 250 th €. These figures, however, refer to the entire sample, and therefore we try to analyze how the value invested differs in relation to different factors.
To read the full, original article click on this link: EBAN Flash - May 2012
