- Companies
- Linear
Linear Revenue, Valuation, Funding & Investors
Linear is valued at $2.5B as of August 2026, a 25.0x multiple on its last reported $100M revenue.
Last Linear valuation
$2.5B
Secondary · Aug 2026
Last Linear funding round
$82M
Series C · Jun 2025
Linear revenue
$100M
Secondary · Aug 2026
Key investors in Linear
Accel
Sequoia Capital
01 Advisors
Salesforce Ventures
S32
Seven Seven Six
About Linear
Linear is a project management tool for software teams, emphasizing speed in issue tracking, roadmaps, and cycle analytics. San Francisco-headquartered and founded in 2019 by former engineers from Airbnb, Coinbase, and Uber, it features keyboard-driven navigation, real-time collaboration, and integrations with GitHub, Slack, and Figma. Used by teams at companies like Vercel and Replicate, Linear prioritizes performance with sub-50ms response times and automated workflows for sprint planning and bug triage.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$100M (Aug 2026)
Valuation
$2.5B (Aug 2026)
Linear Valuation
Linear is currently valued at $2.5B, based on its secondary sale in August 2026.
The $99M round was led by Accel, with participation from Salesforce Ventures, S32 and 01 Advisors.
Linear's valuation has grown 2.0x from $1.3B at its Series C in June 2025 to $2.5B in August 2026, across 2 priced rounds.
Linear valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Aug 2026 | Secondary | $2.5B | 25.0x |
| Jun 2025 | Series C | $1.3B | - |
Linear Revenue
Linear's latest recorded revenue is $100M, as of its secondary sale in August 2026. At a $2.5B valuation, that implies a 25.0x revenue multiple.
Linear revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Aug 2026 | $100M | $2.5B | 25.0x | 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.
Linear Funding History
Linear has raised a total of $134M across 4 funding rounds, plus 1 secondary share sale.
Linear's first fundraising round was a $4M seed round in November 2019. The most recent completed round was a $82M Series C in June 2025.
Linear funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2026 | Secondary | Accel (lead); Salesforce Ventures; S32; 01 Advisors | $99M | $2.5B | Linear completed an employee tender offer at a $2.5 billion valuation, led by Accel with participation from existing investor 01 Advisors and new investors Salesforce Ventures and S32. The transaction was structured as a secondary sale, with $99 million going to employees rather than to Linear’s balance sheet, and it marked a sharp step up from the company’s prior $1.25 billion Series C valuation in June 2025. The deal reflects continued investor demand for Linear as it expands beyond its core product development and project management workflow software into broader enterprise adoption. The company has positioned itself as a modern software platform for teams, and the new valuation underscores its growth trajectory and investor confidence in its product and market position. Linear was founded in 2019 and is based in San Francisco. It has raised capital from Accel, Sequoia Capital, and 01 Advisors among other backers, and its prior Series C was an $82 million round that included both primary and secondary funding. |
| Jun 2025 | Series C | Accel (lead); TK Ventures; Vlad Loktev; Lauren Loktev; Soleio; Seven Seven Six; Designer Fund; Ilkka Paananen; Sequoia Capital; 01 Advisors; Jeff Weinstein; Indie.vc | $82M | $1.3B | Linear is an enterprise software company founded in 2019 by Karri Saarinen and Tuomas Artman that provides tools for software development teams to manage bugs, feature requests, and product development with AI coding assistance. The San Francisco-based, 80-person remote-first team competes directly with Atlassian's Jira by emphasizing speed, simplicity, and performance over feature bloat and customization options. In June 2025, Linear raised $82 million in a Series C funding round led by Accel, valuing the company at $1.25 billion and bringing its total funding to $134.2 million. The round included participation from existing investors 01 Advisors and Sequoia Capital, as well as new investors Seven Seven Six, Designer Fund, Indie.vc, TK Ventures, Soleio, Jeff Weinstein, and Laura and Vlad Loktev. Linear has achieved significant traction with over 15,000 customers including high-profile AI companies such as OpenAI, Scale AI, and Perplexity, and reported 280% profit growth in the year preceding the funding announcement. The company plans to use the capital to expand its product portfolio, attract larger enterprise customers, and deepen AI-driven features and platform integrations. |
| Sep 2023 | Series B | Accel (lead) | $35M | - | Linear is a San Francisco-based enterprise software company founded in 2019 by Karri Saarinen and Tuomas Artman, offering a streamlined issue tracking and project management platform that helps developers triage bugs, manage product development, and integrate AI for coding assistance. It competes with Atlassian's Jira by emphasizing speed, performance, and simplicity in a product-led growth SaaS model with pricing scaled by team size and features. The platform serves over 15,000 customers including OpenAI, Scale AI, Perplexity, Cash App, Supercell, Vercel, and Loom, many switching from legacy tools, and operates remotely with around 80 employees. Linear raised a $35 million Series B round in September 2023 led by Accel, following a $13 million Series A from Sequoia in December 2020 and a $4.2 million seed in November 2019. This round supported market expansion, technology infrastructure, and go-to-market initiatives. Linear has maintained profitability since 2021 with profits growing 280% in the year prior to its 2025 Series C and a negative lifetime burn rate, holding more cash than raised. It follows a subscription model with low customer acquisition costs via immediate usability and organic expansion, unlocking higher tiers for AI automation and analytics. Funds from recent rounds focus on engineering expansion, international growth, product innovation, enterprise client acquisition, and portfolio development while prioritizing quality over rapid scaling. |
| Dec 2020 | Series A | Sequoia Capital (lead); Emilie Choi; Gustaf Alstromer; Adam Bain; Dylan Field; Bobby Goodlatte; Julia DeWahl; Harry Stebbings; Dick Costolo; Lenny Rachitsky; Aston Motes; Jude Gomila | $13M | - | Linear is a product development and issue-tracking platform designed for software engineering teams. The company was founded in 2019 by Karri Saarinen and Tuomas Artman and is based in San Francisco. Linear's platform helps developers triage software bugs and feature requests, manage product development, and leverage AI for coding assistance. The company's valuation became public information starting with its Series B round in September 2023 at $400 million, and subsequently grew to $1.25 billion in its Series C round in June 2025. By the time of the Series C announcement, Linear served more than 15,000 companies including OpenAI, Scale AI, and Perplexity, and reported 280% profit growth year-over-year. |
| Nov 2019 | Seed | Sequoia Capital (lead) | $4M | - | Linear, a San Francisco-based software company founded in 2019 by Karri Saarinen and Tuomas Artman, develops a purpose-built issue tracking and project management tool for modern software development teams. The platform streamlines bug tracking, sprint management, project roadmaps, and product workflows with a focus on speed, simplicity, and developer productivity. Linear raised $4.2 million in a seed round on November 22, 2019, led by Sequoia Capital with participation from Index Ventures and other investors including startup founders. Sequoia partner Stephanie Zhan led the investment after identifying Linear through its private beta, which had already attracted hundreds of companies such as Pitch, Render, and YC startups. The seed funding supported Linear's initial launch, early product development, and achievement of product-market fit while building a remote distributed team. Subsequent rounds included a $13 million Series A from Sequoia in December 2020, $35 million Series B led by Accel in September 2023, and $82 million Series C at $1.25 billion valuation in June 2025. |
Who has invested in Linear?
25 investors have backed Linear across its funding rounds, including Accel, Sequoia Capital, 01 Advisors, Salesforce Ventures, S32 and Seven Seven Six.
Lead investors include Accel and Sequoia Capital.
Linear Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Nov 2019 | ||
| 3 | Lead | Sep 2023 | ||
| 2 | Participant | Jun 2025 | ||
| 1 | Participant | Jun 2025 | ||
| 1 | Participant | Aug 2026 | ||
| 1 | Participant | Jun 2025 | ||
| 1 | Participant | Jun 2025 | ||
| 1 | Participant | Dec 2020 | ||
| 1 | Participant | Jun 2025 | ||
| 1 | Participant | Dec 2020 | ||
| 1 | Participant | Jun 2025 | ||
| 1 | Participant | Aug 2026 | ||
| 1 | Participant | Dec 2020 | ||
This data is available for Pro users. Sign up to see all 25 Linear investors. Start Free Trial | ||||
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Start Free TrialLinear Competitors
Linear competitors include listed companies like Ricksoft Co and Intapp, and private ones like HoneyBook, MOV, Podium and Mural.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $70M | $3M | $21M | - | ||
| Private | $80M | - | $2.4B | 30.0x | ||
| Private | - | - | $3B | - | ||
| Private | $100M | - | $3B | 30.0x | ||
| Private | $125M | - | $2B | 16.0x | ||
| Publicly listed | $578M | ($16M) | $2.8B | 4.5x |
Linear Public Comps
Linear is still privately-owned, but its public comps include Intapp, Justsystems, C3.ai, Progress Software, Qt Group, Horizon Quantum, RWS Holdings, Hanwang Technology Co, Insyde Software and Topicus.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $578M | ($16M) | 4.6x | 4.5x | (164.3x) | 20.9x | |||
| $331M | $156M | 3.1x | 3.2x | 6.7x | - | |||
| $250M | ($484M) | 4.3x | 4.5x | (2.2x) | (6.2x) | |||
| $978M | $302M | 3.0x | 2.9x | 9.6x | 7.3x | |||
| $249M | $62M | 4.3x | 3.9x | 17.3x | 16.0x | |||
| $269K | ($5M) | 2287.8x | - | (125.2x) | (33.0x) | |||
| $927M | ($26M) | 0.7x | 0.7x | (27.2x) | 4.8x | |||
| $282M | ($14M) | 2.2x | - | (44.4x) | - | |||
This data is available for Pro users. Sign up to see all Linear competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Linear
| When was Linear founded? | Linear was founded in 2019. |
| Where is Linear headquartered? | Linear is headquartered in San Francisco, CA, United States. |
| Is Linear publicly listed? | No, Linear is a private, VC-backed company. |
| What is Linear's valuation? | Linear was last valued at $2.5B in its secondary sale in August 2026. |
| How much funding has Linear raised? | Linear has raised $134M across 4 funding rounds. |
| What was Linear's last funding round? | Linear's last funding round was a $82M Series C in June 2025, led by Accel. |
| Who are Linear's investors? | Linear's investors include Sequoia Capital, Accel, 01 Advisors, TK Ventures, Salesforce Ventures, Vlad Loktev, Lauren Loktev, Emilie Choi, Soleio, Gustaf Alstromer and 15 others. |
| What is Linear's revenue? | Linear's latest recorded revenue is $100M (August 2026). |
| What is Linear's revenue multiple? | Linear's latest valuation implies a 25.0x revenue multiple ($2.5B valuation on $100M of revenue). |
| Which companies are comparable to Linear? | Companies comparable to Linear include Ricksoft Co, HoneyBook, MOV, Podium, Mural and Intapp. |
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