Welcome to the Q4 2023 edition of the Silverpeak Software Benchmark report, an analysis of public application software company valuation metrics in Europe, the UK and the US, 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
- Software companies across all regions registered strong valuation growth
- Valuation growth was strongest in the US, where multiples rose in line with the wider index, which had its best quarterly performance since 2020
- Enterprise software was the highest performing sector in Q4 and the only one to register a year-on-year valuation increase