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Apr 24, 2024

Q1 2024 | Software Benchmark Report: Nordic and DACH boost to European software valuations

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Welcome to the Q1 2024 edition of the Silverpeak Software Benchmark report, an analysis of public application software company valuation metrics in the US and Europe, broken down by SaaS, vertical and horizontal. We review median values to produce a robust industry reference benchmark.

The report provides an in-depth analysis of transactions over the last five years and offers insights into Europe’s evolving landscape of growth tech investments.

Report highlights

  • Overall, US and European software company valuations by EV/revenue multiples were largely flat in Q1
  • However, Nordic and DACH regions continued the growth seen in 2023 with 19% and 11% increases respectively; conversely US verticals fell by 18%
  • Security valuations showed the greatest growth, with industrial and enterprise software sector valuations also increasing, whist fintech saw a slight decline

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