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Investment & FinanceStartup Lifecycle
Exit Multiple
Valuation ratio applied at exit, e.g., enterprise value to revenue.
Reviewed by Christian Espinosa, Founder, Blue Goat CyberLast reviewed May 5, 2026
Definition
Exit multiples are valuation ratios - most commonly EV/Revenue or EV/EBITDA - used to value a MedTech company at acquisition or IPO. Recent comparable transactions and public MedTech trading multiples set the benchmark.What this means in practice
Strategic MedTech acquirers have historically paid 4–8x revenue for growth-stage devices, with high-growth, platform, or first-in-category assets commanding premiums. Multiples compress in higher-rate environments.Primary references
3 sourcesLink health: 2 verified 1 bot-blocked· last checked 2026-05-09
PitchBook·1NVCA·1SVB·1
- 1
PitchBook MedTech reportsBot-blockedPitchBookpitchbook.com
- 2
NVCA Model DocumentsVerifiedNVCAnvca.org
- 3
Silicon Valley Bank - Healthcare ReportsVerifiedSVBsvb.com
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