Median valuations of United States-based start-ups, 2024

Sources

IEA (2024) analysis based on data from Bloomberg Terminal (n.d.) and Crunchbase (n.d.).

Notes

MER = market exchange rate. AI-focused S&P 500 companies include technology companies that have key AI offerings or have integrated AI into their operations in a significant way. Valuations of start-ups are pre-money, and rise with the stage of investment, from seed (initial funding, often to get the company operations started) to series A (first major round of funding that establishes a business model and helps the company scale), series B (second major funding round that helps companies scale further) and series C (usually for well-established companies looking to accelerate expansion).