Project management layer built on top of GitHub issues, bootstrapped by Derrick Reimer. Sold in June 2016 via FE International for $128,000, which the buyers said was 3.5x seller discretionary earnings.
Codetree changed hands at a 3.5× profit multiple, above the 2.5× median of the 95 deals in this database that disclosed both price and profit. Multiples above the median usually reflect lower perceived risk for the buyer: steady retention, organic acquisition channels or an owner who was not the product.
The $128,000 sale price puts it in the upper half of the 547 deals with a disclosed price here, where the median is $21,000. 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 186 Developer Tools exits, and the ones that disclosed a price sold at a median of $25,000. 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 Developer Tools exits.
Some links are affiliate links, we may earn a commission at no cost to you.
Open-source KVM-over-IP device that lets you remotely control any computer from a browser, no software installation on the target machine.
Security monitoring and bug tracking platform for apps built on Bubble.
Beautiful screenshot annotation tool for macOS, one-click cleanup and branding for product shots.