- Companies
- Distilled
Distilled Revenue, Valuation, Funding & Investors
Distilled is valued at $822M as of September 2026, a 10.1x revenue multiple. Distilled revenue was $81M and Distilled EBITDA was $49M, as disclosed with its latest round.
Last Distilled valuation
$822M
Secondary · Sep 2026
Distilled revenue
$81M
Secondary · Sep 2026
Key investors in Distilled
About Distilled
Distilled is a Dublin-based online platform facilitating seamless buying and selling of consumer goods through integrated marketplaces. It manages logistics, payments, and vendor tools for electronics, fashion, and home products across Ireland, connecting retailers with nationwide delivery networks.
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Revenue
$81M (Sep 2026)
Valuation
$822M (Sep 2026)
Distilled Valuation
Distilled is currently valued at $822M, based on its secondary sale in September 2026. Read the announcement ↗
The $288M round was led by REA Group.
Distilled valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Sep 2026 | Secondary | $822M | 10.1x |
Distilled Revenue
Distilled's latest recorded revenue is $81M, as of its secondary sale in September 2026. At a $822M valuation, that implies a 10.1x revenue multiple.
Distilled revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Sep 2026 | $81M | $822M | 10.1x | Secondary |
* 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.
Distilled Funding History
Distilled has 1 recorded secondary share sale and no primary funding rounds.
Distilled funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2026 | Secondary | REA Group (lead) | $288M | $822M | Blacksheep Fund Management, a Dublin-based asset manager, acquired Distilled SCH in a deal valued at EUR 630 million, reported on 22 September 2026. Distilled operates the property portal Daft.ie and the classifieds sites DoneDeal.ie and Adverts.ie in Ireland. Founders Eamonn and Brian Fallon realised nearly EUR 237 million in cash and shares from selling their stake and retain a combined 33.32% voting stake in the new holding company, DH Finance Midco Limited, which now owns Distilled. The transaction follows Blacksheep's purchase of Adevinta's 50% stake in Distilled for EUR 312 million in late 2024, which valued the whole business at EUR 624 million. Blacksheep has spent the past year building a proptech presence and Distilled is its largest bet to date. Distilled reported 2025 revenue of EUR 64.4 million, of which EUR 59.2 million came from Ireland, with 173 employees. The group is pursuing expansion into Northern Ireland and vehicle technology. |
Who has invested in Distilled?
1 investor has backed Distilled across its funding rounds, including REA Group.
Lead investors include REA Group.
Distilled Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Distilled investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Distilled
Distilled has acquired 2 companies to date.
Last acquisition by Distilled was on July 31st 2025. Distilled acquired USED CARS NI for undisclosed valuation.
Latest Acquisitions by Distilled
| Description | USED CARS NI is a Belfast-based digital platform connecting car buyers and sellers in Northern Ireland. It lists thousands of vehicles from local dealers including Audi, Volkswagen, and Ford, with search filters for mileage, price, and fuel type. The site features classified ads, valuation tools, and news on motoring regulations. | PropertyPal is a Belfast-headquartered online property portal serving Northern Ireland with listings for homes, rentals, and new developments. The platform connects buyers, sellers, and agents across counties like Antrim, Down, and Armagh, featuring over 10,000 active properties including detached houses, townhouses, and apartments. PropertyPal provides mobile apps, virtual tours, and mortgage calculators to streamline searches. Established in 2007, it competes as a top destination for real estate in the region with direct agent integrations. |
| HQ Country | ||
| HQ City | Belfast | Belfast |
| Deal Date | 31 Jul 2025 | 31 Jul 2025 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Distilled acquisitions and their M&A valuation multiples. Start Free Trial | ||
Distilled Competitors
Distilled competitors include listed companies like THG, Wish, Suning.com and Rakuten, and private ones like Fanli and Ule.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $820M | - | ||
| Publicly listed | $2.3B | $132M | $832M | 0.6x | ||
| Publicly listed | - | ($31M) | $707M | - | ||
| Publicly listed | $7.4B | $900M | $1.5B | 0.6x | ||
| Publicly listed | $16B | $2.1B | $8.7B | 0.8x | ||
| Private | $13M | - | $830M | 63.8x |
Distilled Public Comps
Distilled is still privately-owned, but its public comps include THG, Brainbees Solutions, CEWE Group, Dmall, Chancemate, SFC Holdings, Bxn Holding, Boozt, Wish and DocMorris.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.3B | $132M | 0.6x | 0.6x | 11.2x | 11.2x | |||
| $874M | $29M | 1.0x | 0.9x | 29.9x | 20.6x | |||
| $1B | $156M | 0.9x | 0.9x | 5.5x | 5.5x | |||
| $335M | $22M | 2.6x | 2.4x | 39.6x | 30.4x | |||
| $161M | $19M | 3.1x | 3.6x | 25.4x | 22.8x | |||
| $254M | $13M | 2.2x | - | 41.1x | - | |||
| $777M | $101M | 0.7x | 0.7x | 5.4x | 5.1x | |||
| $842M | $71M | 1.2x | 1.1x | 14.2x | 10.3x | |||
This data is available for Pro users. Sign up to see all Distilled competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Distilled
| Where is Distilled headquartered? | Distilled is headquartered in Dublin, Ireland. |
| Is Distilled publicly listed? | No, Distilled is a private, VC-backed company. |
| What is Distilled's valuation? | Distilled was last valued at $822M in its secondary sale in September 2026. |
| Who are Distilled's investors? | Distilled's investors include REA Group. |
| What is Distilled's revenue? | Distilled's latest recorded revenue is $81M (September 2026). |
| What is Distilled's revenue multiple? | Distilled's latest valuation implies a 10.1x revenue multiple ($822M valuation on $81M of revenue). |
| Which companies are comparable to Distilled? | Companies comparable to Distilled include Fanli, THG, Wish, Suning.com, Rakuten and Ule. |
| How many companies has Distilled acquired? | Distilled has acquired 2 companies, including USED CARS NI and PropertyPal. |
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