- Companies
- Absolute
Absolute Revenue, Valuation, Funding & Investors
Absolute is valued at $500M as of May 2022, a 2.4x multiple on its last reported $210M revenue.
Last Absolute valuation
$500M
Series B · May 2022
Last Absolute funding round
$100M
Series B · May 2022
Absolute revenue
$210M
Series B · May 2022
Key investors in Absolute
Peak XV Partners
Indigram Labs
Tiger Global
Alpha Wave Global
Alpha Wave Incubation
Sanjiv Rangrass
About Absolute
Absolute Foods is an agtech company delivering OS actionable insights for crop optimization. The platform aggregates data from sensors, satellite imagery, weather feeds, and soil monitors to guide farmers on irrigation, fertilization, and pest management throughout the growing cycle. Headquartered in Israel, it serves large-scale producers in grains, vegetables, and fruits across North America and Europe with AI-driven recommendations.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$210M (May 2022)
Valuation
$500M (May 2022)
Absolute Valuation
Absolute is currently valued at $500M, based on its Series B in May 2022.
The $100M round included Tiger Global, Alpha Wave Global and Peak XV Partners.
Absolute valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| May 2022 | Series B | $500M | 2.4x |
Absolute Revenue
Absolute's latest recorded revenue is $210M, as of its Series B in May 2022. At a $500M valuation, that implies a 2.4x revenue multiple.
Absolute revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| May 2022 | $210M | $500M | 2.4x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Absolute Funding History
Absolute has raised a total of $116M across 4 funding rounds.
Absolute's first fundraising round was a $700K seed round in September 2019. The most recent completed round was a $100M Series B in May 2022.
Absolute funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2022 | Series B | Tiger Global; Alpha Wave Global; Peak XV Partners | $100M | $500M | Absolute is an agritech platform company that provides technology solutions for agricultural operations. The company raised a Series B funding round in May 2022 led by Sequoia Capital India, Alpha Wave Global, and Tiger Global, securing $100 million at a post-money valuation of $500 million USD. This round was intended to enhance technology capabilities, hire new talent, and expand into new markets and segments. For the fiscal year 2022 (ending June 30, 2022), Absolute reported adjusted revenue of $210.4 million, representing 74% growth compared to the prior fiscal year. The company's Annual Recurring Revenue (ARR) reached $195.6 million at December 31, 2021, with 17% growth on an as-if combined basis, and by mid-2025 the company achieved approximately $750 million in annual revenue, demonstrating sustained growth trajectory following the Series B investment. |
| Aug 2021 | Series A | Alpha Wave Incubation; Peak XV Partners | $13M | - | - |
| Mar 2021 | Seed | Indigram Labs; Nadir Godrej; Sanjiv Rangrass; Peak XV Partners | $2M | - | - |
| Sep 2019 | Seed | Indigram Labs | $700K | - | - |
Who has invested in Absolute?
7 investors have backed Absolute across its funding rounds, including Peak XV Partners, Indigram Labs, Tiger Global, Alpha Wave Global, Alpha Wave Incubation and Sanjiv Rangrass.
Absolute Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Mar 2021 | ||
| 2 | Participant | Sep 2019 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Participant | May 2022 | ||
This data is available for Pro users. Sign up to see all 7 Absolute investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbsolute Competitors
Absolute competitors include listed companies like Hansen Technologies and NYAB, and private ones like Planet Farms, PhaBuilder, Hydrosat and Renovate America.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $500M | - | ||
| Private | - | - | $287M | - | ||
| Private | - | - | $180M | - | ||
| Private | - | - | $500M | - | ||
| Publicly listed | $275M | $52M | $491M | 1.9x | ||
| Publicly listed | $630M | $41M | $521M | 0.7x |
Absolute Public Comps
Absolute is still privately-owned, but its public comps include Kalyon Güneş Teknolojileri, Masoval, Hansen Technologies, Origin Enterprises, ZITO, NYAB, Chrysos Corp., San Miguel, Intrepid Potash and Grupa Azoty.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| - | - | - | - | - | - | |||
| $250M | $21M | 2.8x | 2.5x | 33.5x | 14.1x | |||
| $275M | $52M | 1.9x | 1.9x | 9.8x | 6.3x | |||
| $2.4B | $149M | 0.4x | 0.4x | 6.0x | 6.4x | |||
| $363M | $81M | 1.8x | - | 8.1x | - | |||
| $630M | $41M | 0.8x | 0.7x | 12.3x | 9.8x | |||
| $63M | $19M | 8.9x | 8.5x | 29.1x | 26.6x | |||
| $114M | $14M | 7.0x | - | 56.2x | - | |||
This data is available for Pro users. Sign up to see all Absolute competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Absolute
| When was Absolute founded? | Absolute was founded in 2015. |
| Where is Absolute headquartered? | Absolute is headquartered in New Delhi, India. |
| Is Absolute publicly listed? | No, Absolute is a private, VC-backed company. |
| What is Absolute's valuation? | Absolute was last valued at $500M in its Series B in May 2022. |
| How much funding has Absolute raised? | Absolute has raised $116M across 4 funding rounds. |
| What was Absolute's last funding round? | Absolute's last funding round was a $100M Series B in May 2022. |
| Who are Absolute's investors? | Absolute's investors include Peak XV Partners, Indigram Labs, Nadir Godrej, Sanjiv Rangrass, Tiger Global, Alpha Wave Incubation and Alpha Wave Global. |
| What is Absolute's revenue? | Absolute's latest recorded revenue is $210M (May 2022). |
| What is Absolute's revenue multiple? | Absolute's latest valuation implies a 2.4x revenue multiple ($500M valuation on $210M of revenue). |
| Which companies are comparable to Absolute? | Companies comparable to Absolute include Planet Farms, PhaBuilder, Hydrosat, Renovate America, Hansen Technologies and NYAB. |
See companies similar to Absolute
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




