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

Absolute Overview

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

IndiaNew Delhi

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

Absolute valuation by funding round
DateStageValuationRevenue Multiple
May 2022Series B$500M2.4x

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

Absolute revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
May 2022$210M$500M2.4xSeries 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

Absolute funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2022Series BTiger Global; Alpha Wave Global; Peak XV Partners$100M$500MAbsolute 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 2021Series AAlpha Wave Incubation; Peak XV Partners$13M--
Mar 2021SeedIndigram Labs; Nadir Godrej; Sanjiv Rangrass; Peak XV Partners$2M--
Sep 2019SeedIndigram 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

Investors in Absolute by funding rounds participated
InvestorHQRoundsRoleFirst check
Peak XV PartnersIndiaBangalore3ParticipantMar 2021
Indigram LabsIndiaNew Delhi2ParticipantSep 2019
Nadir GodrejIndiaMumbai1ParticipantMar 2021
Sanjiv RangrassIndiaGurgaon1ParticipantMar 2021
Tiger GlobalUnited StatesNew York City, NY1ParticipantMay 2022

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Absolute Competitors

Absolute competitors include listed companies like Hansen Technologies and NYAB, and private ones like Planet Farms, PhaBuilder, Hydrosat and Renovate America.

Public and private companies comparable to Absolute
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Planet FarmsItalyMilanPrivate--$500M-
PhaBuilderChinaBeijingPrivate--$287M-
HydrosatUnited StatesWashington, DCPrivate--$180M-
Renovate AmericaUnited StatesSan Diego, CAPrivate--$500M-
Hansen TechnologiesAustraliaAustraliaPublicly listed$275M$52M$491M1.9x
NYABSwedenSwedenPublicly listed$630M$41M$521M0.7x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Kalyon Güneş Teknolojileri------
Masoval$250M$21M2.8x2.5x33.5x14.1x
Hansen Technologies$275M$52M1.9x1.9x9.8x6.3x
Origin Enterprises$2.4B$149M0.4x0.4x6.0x6.4x
ZITO$363M$81M1.8x-8.1x-
NYAB$630M$41M0.8x0.7x12.3x9.8x
Chrysos Corp.$63M$19M8.9x8.5x29.1x26.6x
San Miguel$114M$14M7.0x-56.2x-

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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.

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