iNeo Pro
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.
Financial Data
Exit Analysis
Priced against revenue rather than profit, iNeo Pro sold at 6.7× annual revenue, above the 2.3× median across the 277 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 623 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 81 Mobile App exits, and the ones that disclosed a price sold at a median of $5,400. 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.
Exit Timeline
Tech Stack
Founder
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