Startup Valuation Pro Forma
Startups Excel Template (Free Download)
Turn startup operating assumptions, funding terms, exit multiples, and dilution into a projected valuation and investor-return output.
professionals from Deloitte
About this pro forma
This pro forma connects a 60-month operating plan to projected revenue, EBITDA, cash, and runway, then carries those outputs into an exit-multiple valuation. A DCF cross-check and round terms show ownership, dilution, proceeds, MOIC, and IRR.
The underlying Excel model is the valuation engine; this pro forma is the projected decision output for fair value, round pricing, investor returns, and scenario risk.
What every model includes
Live formulas, no hardcoded values
Outputs are driven by live formulas, so the workbook updates from its assumptions instead of relying on hardcoded results.
All assumptions in one tab
Inputs are clearly marked in the Assumptions tab and separated from calculations, making it clear what to change and what to leave intact.
Statements always balancing
For integrated-statement models, the balance sheet, cash flow, and supporting schedules tie through properly.
Distinct schedules for clarity
Debt, working capital, taxes, and cash flow can get messy quickly. We group calculations in clear schedules, not across disconnected tabs.
No hidden macros or external links
There are no unexplained external workbook links or macros to undermine auditability or portability.
Changes flow through the model
Update a key driver and see the impact carry through the forecast, financing, and return outputs. We never use hardcoded numbers in formulas.
What's inside the Startup Valuation Pro Forma
- Projected 60-month revenue, headcount, P&L, cash, and runway
- Forward-metric valuation using selected exit multiples
- DCF valuation cross-check and implied fair value
- Post-money ownership, future dilution, and exit ownership
- Exit proceeds, gross MOIC, IRR, and round premium or discount
- Base, Bull, and Bear valuation scenario outputs
Formatted to IB standards
Named theme colors repaint the whole workbook in one click, on top of an investment-banking structure with clear input, output, and cross-sheet reference styling - brand-ready, institutional-grade, and fully auditable.
Created by ex-finance professionals
Hey, I’m Alex and I created Finamodel.
Over my years in the finance industry I kept building the same models over and over again. Same structure, same assumptions, different logo. So I started building frameworks to turn them into clean, reusable templates.
Every model here is one I’d actually use for a client, and I personally vet each one before it goes up.
I’m not an expert in every industry, but I’ve built enough models to know what belongs in one. And when something is completely foreign to me, I reach out to my network for experts to work on our models with us.
Having a template library on hand cuts a first build from hours to minutes.
Need help finding your model? You’ll find me in the Finamodel app!
Frequently asked
What does this startup valuation pro forma show?+
It shows operating performance, fair value, dilution, proceeds, MOIC, and IRR.
Why use an exit multiple?+
Forward multiples typically drive early-stage pricing; DCF provides a cross-check.
Does it model dilution?+
Yes. Entry ownership is carried through future dilution to exit returns.
Can I compare scenarios?+
Yes. Base, Bull, and Bear assumptions are available.
Have more financial modelling questions? Contact us
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