iNeo Pro, an iOS app for generating construction site reports built by indie founders Wojtek Mandrysz and a partner, was acquired for $60,000 with the deal closing on 19 January 2022. It had roughly $750/month revenue.
Priced against revenue rather than profit, iNeo Pro sold at 6.7× annual revenue, above the 2.3× median across the 249 deals with a disclosed revenue multiple. Revenue multiples run higher than profit multiples because they ignore the cost of running the business, so they are only comparable between businesses with similar margins.
The $60,000 sale price puts it in the upper half of the 570 deals with a disclosed price here, where the median is $20,000. Most indie acquisitions cluster well under the headline numbers founders read about, which is exactly why a real distribution is more useful than an average.
This database tracks 67 Mobile App exits, and the ones that disclosed a price sold at a median of $5,800. Category matters more than founders expect: buyers apply different discount rates to a content business, a mobile app and a B2B tool even at identical revenue.
See how this compares across the market on our market stats page, or browse more Mobile App exits.
Some links are affiliate links, we may earn a commission at no cost to you.
Language learning app for commuters
Stock Alarm was a mobile app that phones users with call alerts when a chosen stock makes significant price moves; it grew to hundreds of thousands of users and sold for 500,000 dollars to Center Mark Capital via Acquire.com in 2023.
Bootstrapped indie studio that built AI-powered beauty and effects mobile apps, growing via App Store Optimization (ASO) and organic installs before exiting on Acquire.com.