Post-Money Valuation
What a company is worth immediately after receiving new investment (pre-money + new capital).
Definition
Post-money valuation is the company's value right after a funding round closes, calculated as pre-money valuation plus the new capital raised. It is the number most commonly cited in press releases and headlines. Post-money valuation determines the price per share and is the baseline for calculating everyone's ownership percentage after the round.
Why it matters
Your ownership percentage after a round is calculated against the post-money valuation. To estimate what your shares are worth on paper, multiply your share count by the price per share implied by the post-money valuation.
Example
A company raises $15M on a $45M pre-money valuation. Post-money is $60M. If there are 10M fully diluted shares, each share is worth $6. Your 50,000 options are worth $300K on paper (minus strike price).