Startup Valuation Services

Investor-ready startup valuations signed by ABV, ASA, CVA, and MRICS certified appraisers - starting at $500, delivered in 3 to 5 business days.

Globally Certified (CVA • ASA • ABV® • MRICS)

15+ Years

Valuation Experience

2500+

Valuations Completed

50+

Industries Served

3-5 Days

Turnaround Time

A Wrong Valuation at the Wrong Stage Can Cost You the Round.

A wrong valuation can cost you your funding round. Startup valuation formally determines your company's economic worth by assessing financials, market potential, IP, team, and growth to produce a defensible value on a specific date.

Without an independent valuation, founders risk investor skepticism during due diligence, equity pricing disputes, IRS 409A exposure, and weak negotiating leverage. A qualified appraisal eliminates these risks entirely.

At Transaction Capital LLC, credentialed appraisers—not algorithms—prepare and sign every valuation. A qualified expert who understands your business model, funding stage, and capital structure stands behind every conclusion.

Our Startup Valuation Services

Transaction Capital LLC delivers a full suite of startup valuation services covering every funding stage, capital structure, and compliance requirement.

409A Valuation for Startups

Pre-Money Startup Valuation

Post-Money Startup Valuation

SAFE Note Valuation

Seed Stage Valuation

Audit-Ready Startup Valuation Report
Series A / B / C Valuation

Venture Capital Method Valuation

Strike Price Valuation

Pre-IPO Startup Valuation

QSBS Attestation (Section 1202)

Dilution and Cap Table Analysis

Get an Investor-Ready Startup Valuation for Your Company Today.

Startup Valuation Methods We Use

Method selection is the most consequential decision in any startup valuation engagement. Our credentialed appraisers apply the right IRS-approved methodology - and document exactly why.
Approach Best For Key Methods Formula
Income Approach Revenue-generating startups with projectable cash flows Discounted Cash Flow (DCF) Capitalization of Earnings PV = FCF / (1 + WACC)^n
Market Approach VC-backed startups with a recent preferred round or comparable peers OPM Backsolve Guideline Public Company (GPCM) Value = Multiple x Revenue or ARR
Asset Approach Pre-revenue, IP-heavy, or asset-intensive companies Cost-to-Duplicate Net Asset Value (NAV) NAV = Fair Assets - Fair Liabilities

Venture Capital (VC) Method

Projects a terminal exit value and discounts it back at the investor's required rate of return.

Scorecard Valuation Method

Benchmarks the startup against regional peers, adjusting for team, market size, product stage, and traction.

Risk Factor Summation Method

Starts from an average industry value and adjusts across 12 defined risk categories - management, funding, technology, and more.

First Chicago Method

Probability-weights three exit scenarios - best case, base case, and downside - into a single expected value.

When Does Your Startup Need a Valuation?

A startup valuation is required before specific equity events, financing milestones, and regulatory obligations.
  • First Equity Grant -Establishes initial FMV and prevents a 20% IRS penalty for recipients.
  • New Funding (SAFE/Priced) - Financing changes stock value; expected by investors for due diligence.
  • 12-Month Expiration - Renews lapsed IRS Safe Harbor protection for new equity grants.
  • Material Business Shift - Adjusts FMV after significant operational or market changes.
  • Approaching Exit (IPO/SPAC) - Required for SEC regulatory review and audit readiness.
  • Secondary Sales / Tender - Documents and defends the underlying transaction price.
  • QSBS Review / Disputes - Verifies tax thresholds and provides objective value for resolving conflicts.
  • Shareholder or co-founder dispute - FMV provides an objective basis for resolving ownership disagreements equitably.

Not Sure When Your Startup Needs a Valuation?

Who Needs a Startup Valuation?

Founders raising capital

To negotiate term sheets and satisfy investor due diligence.

Startups issuing equity

To secure a 409A valuation before granting options to the team.

SAFE-backed companies

To establish a defensible fair market value (FMV) prior to a priced round.

VC-backed companies

To refresh common stock value immediately after closing new financing.

Accelerators & Incubators

To value portfolio companies for LP reporting and grant administration.

Pre-IPO / SPAC companies

To prepare audit-grade FMV documentation for SEC reviews.

Employees receiving equity

To ensure their grants are protected from unexpected IRS tax penalties.

Investors (Angels/VCs)

To meet ASC 820 compliance and internal portfolio reporting requirements.

Startup Valuation by Funding Stage

The appropriate startup valuation methodology depends on where your company is in its lifecycle. Our credentialed appraisers apply the right approach for your exact stage - not a one-size-fits-all model.
Stage Typical Methodology Key Consideration
Idea / pre-product Scorecard or Risk Factor Summation Valued on founder background, market size, and IP.
Pre-Seed / pre-revenue Cost-to-Duplicate or Scorecard Valued assets, IP, and team (no financial history).
Seed / SAFE or Note Market Approach or First Chicago Use recent notes/SAFEs as an implied value anchor.
Series A OPM Backsolve on Preferred Pricing Isolates common stock value using preferred pricing.
Series B / C OPM Backsolve + DCF Weighted Combines OPM with a Discounted Cash Flow (DCF) model.
Growth / Late Stage DCF + Market Comparables Relies on revenue scale and guideline company multiples.
Pre-IPO / pre-SPAC Public Market Comps + DCF Requires audit-grade documentation for SEC review.

Benefits of a Professional Startup Valuation

IRS Safe Harbor Protection
Avoid the 20% Penalty Tax
Investor Credibility
Stronger Negotiating Position
Audit Readiness
QSBS Tax Savings
Equity Protection for Employees
Strategic Decision Support

Find the Right Value for Your Startup
with Transaction Capital LLC.

We believe in growing with our clients and offering tailored solutions.

How Our Startup Valuation Process Works

Our process is built for speed without sacrificing the rigor that makes a valuation report defensible. Standard engagements are delivered in 3 to 5 business days.
1
Discovery

Free Consultation

Discuss your stage and get a no-obligation, flat-fee quote.

2
Gathering

Data Collection

Submit your cap table, financials, projections, and funding documents.

3
Analysis

Methodology Selection

We apply the correct IRS-recognized method (e.g., OPM, DCF) for your specific stage.

4
Valuation

Draft Review

Review the complete draft and fair market value (FMV) before any payment is due.

5
Delivery

Final Report & Support

Receive your certified report, complete with free audit and IRS defense support.

What Your Startup Valuation Report Includes

Every Transaction Capital LLC startup valuation report is a comprehensive, fully documented deliverable structured to satisfy IRS requirements, Big 4 auditors, and investor due diligence reviewers.
  • Executive Summary -FMV conclusion, effective date, purpose, and scope of the engagement
  • Company and Industry Overview - Business model, market position, competitive landscape, and growth context
  • Capital Structure Analysis - Cap table, equity class rights, SAFE and note conversion mechanics, liquidation preferences, and anti-dilution provisions
  • Methodology Rationale - Why the chosen IRS-approved approach was applied and alternatives considered
  • Financial Analysis - Available historical review, normalization adjustments, and management projections with risk-adjusted modeling
  • Market Comparables - Guideline public company multiples and recent venture transaction data with comparability analysis
  • OPM, PWERM, or VC Method Allocation - Equity value allocation across all share classes with full supporting documentation
  • Discount Adjustments -DLOM and company-specific risk factor documentation with empirical support
  • Regulatory Compliance Statements - USPAP, SSVS, NACVA, and IRC Section 409A certifications
  • Appraiser Certification - Signed by an ABV, ASA, CVA, or MRICS credentialed professional
  • Audit Defense Package - Supporting schedules, source data log, and management representation letter

IRS Qualified Appraisal Requirements - What You Need to Know

An accurate value isn't enough-the IRS mandates strict standards for gift and estate tax appraisals. Non-compliant reports offer zero protection from penalties.

IRS Requirement What It Means
Qualified Appraiser Requires recognized credentials (ASA, ABV, CVA) and relevant asset experience.
Qualified Appraisal Must be dated between 60 days prior to transfer and the tax return due date.
Reasonable Valuation Method Requires a documented, IRS-approved approach (Income, Market, or Asset).
Rev. Ruling 59-60 Compliance Requires written analysis of all eight required factors for closely held businesses.
Documented Discount Support Requires strict empirical data justifying all DLOC and DLOM discounts.
Signed Certification Requires a formal signature guaranteeing independence and USPAP compliance.

409A Safe Harbor for Startups

What It Means and Why It Matters

Safe Harbor shifts the burden of proof to the IRS during an audit. Without it, your company must prove its valuation is correct.

Independent qualified appraiser

Must be a credentialed third-party—no internal or automated tools.

Reasonable valuation method

Must use an IRS-recognized approach (Income, Market, or Asset).

No material changes since valuation

Must be updated if there is a new funding round or major business shift.

12-month validity window

Expires annually; requires a refresh before issuing new equity grants.

Documented assumptions

All key inputs (growth rates, comps) must be fully supported and defensible.

Compliance Standards We Follow

USPAP

Uniform Standards of Professional Appraisal Practice - foundational US appraisal standard.

SSVS No. 1 (AICPA)

Governs business valuations prepared by ABV-credentialed CPAs.

NACVA Professional Standards

Applies to all CVA-credentialed analyst engagements.

IRC Section 409A

Mandates independent FMV for stock option pricing - non-compliance triggers a 20% IRS penalty.

IRC Section 1202 (QSBS)

Governs Qualified Small Business Stock attestation - up to 100% capital gains exclusion for eligible investors.

IRS Revenue Ruling 59-60

Foundational IRS framework for valuing closely held business interests and early-stage companies.

ASC 718

GAAP standard for stock-based compensation expense recognition.

ASC 820

Fair value measurement for financial instruments and portfolio reporting.

IPEV Guidelines

International Private Equity and Venture Capital valuation guidelines for LP reporting and fund NAV.

Insights From Real Valuation Engagements

2,500+ Valuations. 50+ Industries. Deep Expertise in Each.

Deep sector knowledge means our appraisers understand industry-specific risk factors, revenue multiples, and valuation conventions - not just generic financial models.

Why Choose Transaction Capital LLC?
(Big 4 Quality. Boutique Speed. Zero Compromise.)

The startup valuation market has two extremes: automated platforms that sacrifice defensibility, and large firms charging thousands with weeks of wait. Transaction Capital LLC operates where neither can compete.
Feature Transaction Capital LLC Big 4 Firms SaaS Platforms
Credentials ABV, ASA, CVA, MRICS PASSES - High cost FAILS - Automated
Turnaround 3-5 Business Days 3-6 Weeks 24-72 Hours
Starting Price $500 Flat Fee $3,000-$10,000+ $500-$1,500
Pay After Draft Review
Human Expert on Every Report PASSES - Always
Safe Harbor Compliance PASSES - Documented PARTIAL
Post-Valuation Audit Support PASSES - Included Extra cost
Complex Cap Structures PASSES - OPM Backsolve PARTIAL

Startup Valuation Pricing

All startup valuation engagements at Transaction Capital LLC are priced on a flat-fee basis. You receive your quote before any work begins and pay only after reviewing your draft report.
Stage Starting Price Turnaround Methodology
Idea / pre-product $500 2-3 Business Days Scorecard, Risk Factor Summation
Pre-Seed / pre-revenue $500 2-3 Business Days Cost-to-Duplicate, Scorecard
Seed / SAFE-Backed $500 2-4 Business Days Market Approach, First Chicago
Series A $800 3-5 Business Days OPM Backsolve on Preferred Pricing
Series B / C $1,200 3-5 Business Days OPM Backsolve + DCF Weighted
Growth / Late Stage Custom Quote 4-7 Business Days DCF + Market Comparables
Pre-IPO / pre-SPAC Custom Quote 5-10 Business Days Public Market Comps + DCF

Pay After Draft Review

Review your complete draft valuation report before paying a single dollar. If it does not meet your standards, you do not pay.

Trusted by Investors, Attorneys, and Big 4 Auditors

Transaction Capital LLC also provides post-valuation IRS audit support - assisting clients and their attorneys through examinations, Tax Court proceedings, and estate dispute resolution at no additional charge.

  • VCs & Angel Investors

    Independent FMV for due diligence, portfolio reporting, and ASC 820 compliance.
  • Big 4 Audit Firms

    Valuations aligned with IRS, SEC, USPAP, and AICPA standards for seamless acceptance.
  • Corporate Attorneys

    Defensible reports for equity plans, shareholder agreements, and dispute resolution.
  • Boards & Committees

    Audit-ready FMV to support option grant approvals and corporate governance.

Thousands of Startups. One Standard of Quality.

Join thousands of startups, growth-stage companies, and venture-backed businesses that rely on Transaction Capital LLC for valuations that hold up when it matters most - in fundraising, in audits, in court, and in front of investors.

Do Not Take Our Word for It.

Transaction Capital LLC is rated on G2, Trustpilot, and Clutch by founders, CFOs, and attorneys across the United States.
★★★★★

Transaction Capital LLC delivered a high-quality Fair Market Value (FMV) analysis with exceptional responsiveness, professionalism, and depth. The team communicated clearly throughout the process and provided strong transparency around their methodology, allowing stakeholders to understand not just the conclusions, but the rationale behind them.

★★★★★

The work delivered by TXN Capital LLC on the IVS 105 valuation for our deeptech startup demonstrates great quality. Their clarity in documenting assumptions and methodologies ensures transparency and ease of understanding.

★★★★★

Working with Gaurav at Transaction Capital LLC for our 409A valuation was seamless and professional. He delivered a thorough, defensible report quickly and explained every detail clearly. Highly recommend for any startup seeking a reliable and efficient valuation partner.

★★★★★

Transaction Capital LLC, led by Dr. Gaurav, is truly the best in the business valuation space. I’ve seen the results firsthand — working with anyone else would be a waste of money. Believe me, they are the best.

★★★★★

Gaurav is very knowledgable in his field and was super helpful in his response and explanations. He finished the contract well before the deadline! Highly recommended. Thanks Gaurav

★★★★★

We got the Financial Model made by Gaurav which included all the standard things. Gaurav was helpful in explaining all the complex lingos and make it simple for us to understand. Strongly recommend him for getting FM made

Best Startup Valuation Services in the USA

Transaction Capital LLC provides certified startup valuation services across all 50 US states. Headquartered in New York, with active engagements in Silicon Valley, Los Angeles, Chicago, Houston, Dallas, Atlanta, Austin, Boston, and beyond.

Our team combines the methodological depth of a national firm with the responsiveness and direct access of a boutique practice. You work directly with your credentialed appraiser - from the first call to the final signed report.

    By Clicking on Request a Quote, you agree that we may use your contact information to contact you, including via SMS

    Your Options Cannot Wait. Neither Should You.

    Flat-fee pricing from $500. Pay after draft review. Delivered in 3 to 5 business days. Signed by a credentialed appraiser.

    Frequently Asked Questions

    What is a startup valuation and why do I need one?

    How much does a startup valuation cost?

    How long does a startup valuation take?

    Do I need a 409A valuation if my startup has no revenue?

    What documents are needed for startup valuation?

    What is the OPM Backsolve method?

    What is the Pay After Draft Review model?

    What is the Pay After Draft Review model?

    Are your reports accepted by Big 4 auditors and the IRS?

    Can I use the same firm for my 409A valuation and QSBS attestation?

    Do you provide support after the report is delivered?