Angel Investment Return Calculator

Work out exit proceeds, multiple and IRR from a seed-stage angel cheque.

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Angel Investment Return Calculator

Enter your investment, ownership at exit and exit valuation.

Exit proceeds
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Enter values above
Ownership at exit
β€”
Multiple (MOIC)
β€”
Annualised return (IRR)
β€”
Profit
β€”
Value per 1% owned
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Worked example

With the default inputs shown below, this calculator returns the following results:

InputValue
Investment amount ($)25000
Ownership at investment (%)5
Dilution before exit (%)30
Exit valuation ($)20000000
Years to exit5
ResultValue
Exit proceeds$700,000
Ownership at exit3.50%
Multiple (MOIC)28x
Annualised return (IRR)94.73%
Profit$675,000
Value per 1% owned$200,000

Values shown are produced by this page in your browser; change any input to update them.

How to use the Angel Investment Return Calculator

  1. Investment amount ($) β€” default 25000
  2. Ownership at investment (%) β€” default 5
  3. Dilution before exit (%) β€” default 30
  4. Exit valuation ($) β€” default 20000000
  5. Years to exit β€” default 5
  6. Press Calculate to update the results instantly.

Frequently asked questions

Angels typically see 15–35% dilution per priced round. A seed cheque that survives to Series C often ends at 40–60% of the original stake. Model a range rather than one number.
MOIC tells you the multiple of your money; IRR annualises it. A 5x in five years is roughly a 38% IRR, while the same 5x in ten years is about 17%.
Yes β€” secondary sales in later rounds are common. Run the calculator once for the cash you take early and again for the remainder, then add the results.

Sources & references