Mentimeter Revenue, Valuation, Funding & Investors

Mentimeter is valued at $384M as of August 2024, a 6.4x multiple on its last reported $60M revenue.

Last Mentimeter valuation

$384M

Secondary · Aug 2024

Last Mentimeter funding round

$42M

Series C · Jun 2022

Mentimeter revenue

$60M

Secondary · Aug 2024

Key investors in Mentimeter

Mentimeter Overview

About Mentimeter

Mentimeter is a Stockholm-based audience interaction platform used by over 100 million participants in presentations, classrooms, and events worldwide. It offers real-time polling, quizzes, word clouds, and ranking slides integrable with PowerPoint, Zoom, and Teams. Founded in 2014, the tool supports 50 languages and serves clients like Google, TEDx conferences, and universities such as Harvard, with premium features for analytics and custom branding.


Founded

2014

HQ

SwedenStockholm

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$60M (Aug 2024)

Valuation

$384M (Aug 2024)

Mentimeter Valuation

Mentimeter is currently valued at $384M, based on its secondary sale in August 2024.

The $70M round was led by Bure Equity and GP Bullhound.

Mentimeter's valuation has grown 1.2x from $326M at its Series C in June 2022 to $384M in August 2024, across 2 priced rounds.

Mentimeter valuation by funding round

Revenue multiple
Mentimeter valuation by funding round
DateStageValuationRevenue Multiple
Aug 2024Secondary$384M6.4x
Jun 2022Series C$326M6.2x

Mentimeter Revenue

Mentimeter's latest recorded revenue is $60M, as of its secondary sale in August 2024. At a $384M valuation, that implies a 6.4x revenue multiple.

Revenue grew from $53M in June 2022 to $60M in August 2024, while the revenue multiple moved from 6.2x to 6.4x.

Mentimeter revenue by funding round

Mentimeter revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Aug 2024$60M$384M6.4xSecondary
Jun 2022$53M$326M6.2xSeries C

* 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.

Mentimeter Funding History

Mentimeter has raised a total of $43M across 3 funding rounds, plus 1 secondary share sale.

Mentimeter's first fundraising round was a $500K pre-seed round in June 2014. The most recent completed round was a $42M Series C in June 2022.

Mentimeter funding rounds

Mentimeter funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2024SecondaryBure Equity (lead); GP Bullhound (lead)$70M$384MMentimeter is a global SaaS platform for interactive presentations, audience engagement, and feedback, used by 99% of leading universities and 95% of Fortune 500 companies, with offices in Stockholm, Toronto, and Sydney. In August 2024, Bure Equity and GP Bullhound acquired a 12.3% stake from Alfvén & Didrikson in a SEK 727 million secondary transaction, with Bure investing SEK 531 million and GP Bullhound SEK 196 million, positioning Bure as the third-largest shareholder and GP Bullhound as the sixth-largest. The deal valued the stake at approximately SEK 450 million, implying a company valuation of SEK 3.66 billion. Mentimeter reported annual recurring revenue (ARR) of SEK 567 million and net sales of SEK 536 million in 2024, reflecting 19% year-over-year growth despite a challenging B2B SaaS market. The company achieved this with 350+ employees and over 726 million users worldwide in 2023, while maintaining net zero cash burn historically and ending 2024 with SEK 360 million in cash and no debt. Earlier, in 2017, Mentimeter had surpassed SEK 10 million in annual run rate revenue with 13 employees. This secondary sale provided no proceeds to Mentimeter, which plans to continue investing in product development, enterprise sales, and market expansion for profitable growth.
Jun 2022Series CAlfvén & Didrikson (lead); Creades (lead); Nordstjernan Growth (lead)$42M$326MMentimeter is a global presentation software platform offering interactive audience engagement tools, founded by Johnny Warström and Niklas Ingvar, with offices in Stockholm, Toronto, and Sydney. The company achieved rapid growth from SEK 10M annual run rate revenue in early 2017 with 13 employees to over SEK 500M in annual recurring revenue by recent years, surpassing 726 million users worldwide in 2023 and maintaining around 350 employees while operating at net zero burn and generating cash. In June 2022, Mentimeter raised SEK 432 million (approximately $42M) in a Series C funding round led by Creades, Nordstjernan Growth, and Alfvén & Didrikson to execute its growth strategy and expand in the online presentation software market. In June 2024, Bure Equity AB agreed to acquire approximately 12.3% stake from Alfvén & Didrikson for SEK 450 million (later completed as 14.5% for SEK 531 million in July 2024), implying a full company valuation around SEK 3.1-3.7 billion based on the initial agreement price. For the year ended December 31, 2023, Mentimeter reported total revenue of SEK 500 million, aligning with the annual recurring revenue figure cited in the investor announcement. Mentimeter has been recognized as one of Sweden's most attractive employers and continues to serve a global customer base across time zones. The 2022 investors remained significant shareholders post-round, with Alfvén & Didrikson later divesting to Bure, positioning Bure as the third largest owner after the founders.
Dec 2015Seed500 Global (lead)$100K--
Jun 2014Pre-seed-$500K--

Who has invested in Mentimeter?

6 investors have backed Mentimeter across its funding rounds, including 500 Global, GP Bullhound, Creades, Alfvén & Didrikson, Bure Equity and Nordstjernan Growth.

Lead investors include Bure Equity, GP Bullhound, Alfvén & Didrikson, Creades, Nordstjernan Growth and 1 other investor.


Mentimeter Investors

Investors in Mentimeter by funding rounds participated
InvestorHQRoundsRoleFirst check
Alfvén & DidriksonSwedenStockholm1LeadJun 2022
CreadesSwedenStockholm1LeadJun 2022
Nordstjernan GrowthSwedenStockholm1LeadJun 2022
GP BullhoundUnited KingdomLondon1LeadAug 2024

This data is available for Pro users. Sign up to see all 6 Mentimeter 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 Trial

Mentimeter Competitors

Mentimeter competitors include listed companies like D2L and Qibu, and private ones like Bevy, Cialfo, Thunkable and Xueleyun.

Public and private companies comparable to Mentimeter
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
BevyUnited StatesUnited StatesPrivate$30M-$325M10.8x
CialfoSingaporeSingaporePrivate--$230M-
ThunkableUnited StatesSan Francisco, CAPrivate--$200M-
XueleyunChinaHangzhouPrivate--$200M-
D2LCanadaCanadaPublicly listed$217M$17M$375M1.2x
QibuChinaChinaPublicly listed$24M($16M)$307M-

Mentimeter Public Comps

Mentimeter is still privately-owned, but its public comps include Note Inc., D2L, Avex, Beijing Jingxi, Agora, Shenzhen Fangzhi Science, Falcons Beyond Global, Route Mobile, Beijing Seeyon Internet and NIIT Learning Systems.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Note Inc.$27M$2M12.4x12.6x187.1x166.2x
D2L$217M$17M1.3x1.2x16.7x8.3x
Avex$942M$40M0.2x0.2x3.6x-
Beijing Jingxi$50M($43M)9.0x-(10.3x)-
Agora$141M$3M0.7x0.6x35.2x1382.0x
Shenzhen Fangzhi Science$14M$3M28.2x-118.5x-
Falcons Beyond Global$15M$10M24.2x-36.0x-
Route Mobile$460M$44M0.5x0.4x4.8x3.8x

This data is available for Pro users. Sign up to see all Mentimeter competitors and their valuation data.

Start Free Trial

Common questions about Mentimeter

When was Mentimeter founded?Mentimeter was founded in 2014.
Where is Mentimeter headquartered?Mentimeter is headquartered in Stockholm, Sweden.
Is Mentimeter publicly listed?No, Mentimeter is a private, VC-backed company.
What is Mentimeter's valuation?Mentimeter was last valued at $384M in its secondary sale in August 2024.
How much funding has Mentimeter raised?Mentimeter has raised $43M across 3 funding rounds.
What was Mentimeter's last funding round?Mentimeter's last funding round was a $42M Series C in June 2022, led by Alfvén & Didrikson, Creades and Nordstjernan Growth.
Who are Mentimeter's investors?Mentimeter's investors include Alfvén & Didrikson, Creades, Nordstjernan Growth, GP Bullhound, Bure Equity and 500 Global.
What is Mentimeter's revenue?Mentimeter's latest recorded revenue is $60M (August 2024).
What is Mentimeter's revenue multiple?Mentimeter's latest valuation implies a 6.4x revenue multiple ($384M valuation on $60M of revenue).
Which companies are comparable to Mentimeter?Companies comparable to Mentimeter include Bevy, Cialfo, Thunkable, Xueleyun, D2L and Qibu.

See companies similar to Mentimeter

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial