Boston
Drift is an energy retailer providing green energy with a unique mix of locally-sourced solar, wind, and run-of-river hydro.
Estimated valuation today
$2.5B
+148.59% since last round
Calculated based on estimated multiplier and revenue.
Revenue
Update this based on your knowledge or projections. Calculations use last 12 months revenue.
Hype Multiple
Currently selected comps have a median growth rate of 24.30%
This premium represents how much of a bonus the company receives on its valuation for its additional growth compared to the selected public comps. The valuation is multipled by the Hype Multiple to get the final valuation. You can read more about this from a16z.
multiple
In an event of a merger or aquisition, the investors will get their money back first. In this case, the investors got paid out and there was sufficent money left for employees. Everything above this point means you can exercise your options for a profit.
The last round was a year ago.
Date
August 2021
Valuation
$1B
Amount raised
N/A
We estimate company valuation by comparing it to similiar companies in the public market. The revenue multipler is calculated by taking a company's current valuation and dividing it by its total revenue.
Multiple at last round
24.93x revenue
Today's multiple
13.87x revenue
Change
-44.37%
Companies
Industry – Enterprise Software
Last updated 5 mins ago.
| Remove | Name | Ticker | Price multiple |
|---|---|---|---|
| Drift | 13.87x | ||
| Adobe Systems Incorporated | ADBE | 11.53x | |
| Autodesk Inc | ADSK | 10.28x | |
| Salesforce.com Inc | CRM | 6.55x | |
| Snowflake Inc. | SNOW | 35.55x | |
| Cloudflare Inc | NET | 23.84x |
| Date | Round | Amount raised | Price per share (Preferred) | Valuation |
|---|---|---|---|---|
| Mar 2021 | Series C-1 | $30MM | $6.54 | $683.42MM |
| Apr 2018 | Series C | $67MM | $4.27 | $424.53MM |
| Sep 2017 | Series B | $32MM | $1.86 | $155.91MM |
| Jan 2015 | Series A | $14.9MM | $0.87 | $57.85MM |
With a revenue of $119M and a Hype Multiple of 1.5x,
Drift is estimated to be worth $2.5B.