Drift

Boston

Drift is an energy retailer providing green energy with a unique mix of locally-sourced solar, wind, and run-of-river hydro.

Drift's valuation today

Estimated valuation today

$2.5B

+148.59% since last round

Calculated based on estimated multiplier and revenue.

Estimated multiplier for Drift

20.81x revenue

Calculated based on public comps and hype multiple.

Revenue

Update this based on your knowledge or projections. Calculations use last 12 months revenue.

million

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

Shares are worth something

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.

Last round

The last round was a year ago.

Date

August 2021

Valuation

$1B

Amount raised

N/A

Public market comparisons

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.

RemoveNameTicker 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
Valuation history
Fundraising rounds
DateRound Amount raised
Price per share (Preferred)
Valuation
Mar 2021Series C-1$30MM$6.54$683.42MM
Apr 2018Series C$67MM$4.27$424.53MM
Sep 2017Series B$32MM$1.86$155.91MM
Jan 2015Series A$14.9MM$0.87$57.85MM
Related companies

With a revenue of $119M and a Hype Multiple of 1.5x,
Drift is estimated to be worth $2.5B.