Financial Model Examples of Real Funded StartupsPage 4
855 venture-backed startups with a free, downloadable Excel model - investor-ready 5-year forecasts, valuation, MOIC/IRR, and unit economics. Built from pitch decks and publicly available information.
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Financial Model Examples by Rounds
Financial Model Examples by Industry
Enterprise/Security
130Financial Model Examples of 130 Enterprise/Security Startups
Fintech
116Financial Model Examples of 116 Fintech Startups
Marketplace
95Financial Model Examples of 95 Marketplace Startups
Health-tech
74Financial Model Examples of 74 Health-tech Startups
Dev Tools
62Financial Model Examples of 62 Dev Tools Startups
Media/Gaming
56Financial Model Examples of 56 Media/Gaming Startups
AI/ML
52Financial Model Examples of 52 AI/ML Startups
Crypto/Web3
50Financial Model Examples of 50 Crypto/Web3 Startups
Hardware/Deep-tech
39Financial Model Examples of 39 Hardware/Deep-tech Startups
InsurTech
39Financial Model Examples of 39 InsurTech Startups
Climate/Energy
32Financial Model Examples of 32 Climate/Energy Startups
Biotech/Pharma
31Financial Model Examples of 31 Biotech/Pharma Startups
Consumer/DTC
30Financial Model Examples of 30 Consumer/DTC Startups
Logistics/Mobility
20Financial Model Examples of 20 Logistics/Mobility Startups
PropTech
16Financial Model Examples of 16 PropTech Startups
EdTech
13Financial Model Examples of 13 EdTech Startups
Search Startup Financial Model Examples

Branch
$147.0M raisedTech-enabled home & auto insurance company operating as a reciprocal exchange, selling bundled policies via embedded, direct, and agency channels.

Rippling (Series B)
$145.0M raisedRippling is an all-in-one workforce platform that centralizes employee data across Payroll, Benefits, IT (Computers & Security), and Apps & Access.

Claroty
$140.0M raisedIndustrial cybersecurity platform that identifies, manages, and protects OT, IoT, and IIoT assets.
Databricks Series D
$140.0M raisedDatabricks is the unified analytics platform (Serverless Spark PaaS + Data Science Workspace SaaS) that bridges the gap between big data infrastructure and AI/ML applications.

HTEC
$140.0M raisedTechnology services and product engineering firm providing outsourced R&D, product development, and engineering delivery to corporates, scaleups, and global enterprises.

Twin Health
$140.0M raisedAI-powered "Whole Body Digital Twin" platform that delivers personalized metabolic health guidance to reverse and prevent chronic metabolic diseases (type 2 diabetes, obesity, fatty liver disease).

VTEX
$140.0M raisedVTEX is a cloud-based enterprise e-commerce platform (SaaS/PaaS/DaaS) enabling unified commerce across B2C, B2B, and marketplace channels.

Mambu
$135.0M raisedCloud-native SaaS core banking platform enabling financial institutions to launch and scale banking products without legacy infrastructure.

Apollo
$130.0M raisedApollo builds and sells an enterprise "data graph" platform (powered by GraphQL) that sits as a unified API layer between frontend apps and backend microservices.

Esusu
$130.0M raisedRent-reporting and credit-building platform that helps renters build credit scores while giving landlords ESG analytics and housing-stability loans.

Countingup
$127.0M raisedAccounting software with an inbuilt business current account for UK small businesses

Ardoq
$125.0M raisedCloud-native Enterprise Architecture (EA) SaaS platform that helps large enterprises navigate digital transformation through automated data collection, graph-based architecture modelling, and change impact analysis.

iTrustCapital
$125.0M raisedCrypto IRA software platform enabling 24/7 buy/sell of cryptocurrencies and precious metals inside tax-advantaged retirement accounts

Lord of the Trees
$125.0M raisedPrecision-planting drone operator using proprietary seedpod technology to reforest land at scale for governments, agriculture, and mining companies.
Moonfare
$125.0M raisedDigital platform democratizing access to top-tier private equity and private markets funds for individual (retail/HNW) investors.

Alation
$123.0M raisedEnterprise data intelligence platform - data catalog, governance, and metadata management for large organisations.
Daylight
$123.0M raisedLow-code hyperautomation platform that converts complex enterprise data-collection and workflow processes into guided digital experiences ("Smart Forms"), billed on a metered SaaS basis.

Aurion Biotech
$120.0M raisedCell therapy company developing an injectable corneal endothelial cell treatment to restore vision in patients with corneal endothelial disease.
Nylas
$120.0M raisedAPI infrastructure platform that gives developers unified access to email, calendar, and contacts data plus workflow automation components, enabling rapid productivity-app development.

Verkor
$119.0M raisedDigital, smart & low-carbon battery cell Gigafactory targeting Southern Europe, with a pilot line (VIC) as first step before full-scale production.
AgBiome
$116.0M raisedAgBiome is a microbial-platform agtech company that discovers, develops, and commercialises biological crop protection products (and licences the platform across adjacent markets).
Island
$115.0M raisedIsland builds an enterprise browser - a Chromium-based browser purpose-built for corporate IT/security control of web and SaaS access.

Banxware
$113.0M raisedEmbedded lending-as-a-service (LaaS) platform that allows non-financial platforms (PSPs, marketplaces, shop systems) to offer revenue-based cash advances to their merchants - fully white-label, end-to-end, no effort required from the platform or lender.

VidMob
$110.0M raisedVidMob is an AI-powered creative intelligence platform that helps marketers, agencies, and platforms improve ad performance through data-driven creative analytics, production workflow, and scoring.
Frequently asked
What is included in a startup financial model?+
Each model includes a five-year forecast, profit and loss statement, cash flow, runway, valuation, investor returns, and relevant unit economics.
Where does the startup information come from?+
The models are based on publicly available information, including company materials and pitch-deck data when available, then organized into a consistent Excel format.
Are the startup models free to download?+
Yes. Startup models are free Excel downloads. Enter your email on an individual startup page to receive the workbook.
Can I edit the assumptions in a startup model?+
Yes. You can adjust revenue drivers, hiring, costs, fundraising, valuation assumptions, and other inputs to test your own scenario.
How can I browse startups by industry or stage?+
Use the industry and funding-round sections on this page, or filter the startup list to find comparable companies.
Are these startup models investment advice?+
No. They are educational financial-modeling examples and should not be used as investment recommendations or due diligence on their own.
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