Sector benchmark

Hardware · Seed

Indicative reference figures for a Hardware company at Seed stage. These are the same defaults this tool prefills into a Tier 1 form, shown on their own so you can sanity-check a number without running the full model.

Valuation multiples

EV / Revenue multiple
2.5x
EV / EBITDA multiple
12.0x

Investor return expectations

Target investor IRR
60%
Expected future dilution
35%

Unit economics

Annual churn
5%
CAC payback
20 months
Rule of 40
25%

Source: Neuvosight indicative sector reference — generic industry ranges, not a live data feed. · As of: 2026-01-01

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Hardware Seed valuation benchmarks