Startup Valuation Model – Awako (Fleet IoT / AI TMS)
This valuation model was built for a fleet IoT company providing an AI-powered Transportation Management System (TMS).

The valuation approach combines extensive comparable company research with multiple methods to triangulate a fair range of valuations:

• Median Valuation of Comparable Funding Events – Creates a distribution of valuations from similar transactions.

• Equity Value Method – Analyzes the percentage of equity sold per $1M raised in comparable financings, then applies that benchmark to the client’s target raise.

• Revenue Multiples – Builds a valuation matrix based on potential FY revenue and the range of revenue multiples observed among peers.

The model also demonstrates strong Excel capabilities, such as:

• Systematic ranking of comparables (1–3 scale) for both company similarity and transaction relevance

• Transparent, traceable formulas that allow for quick scenario adjustments

• Clean structure separating inputs, comps, calculations, and outputs

This type of model can typically be completed in 1–2 days and helps founders understand how much they can raise and at what dilution before going to market.