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Dictionary by pitch.dog
Exits, liquidity & investor returns · Core

Multiple on invested capital

Also called: MOIC

ELI5

Investment value as a multiple of money invested.

Used in conversation

“MOIC does not account for how long the investment took.”

Definition

The total value received or held divided by invested capital.

Here “Multiple on invested capital” means: The total value received or held divided by invested capital.

Pitch context

You will see “Multiple on invested capital” in fundraising decks, data rooms, term sheets and investor conversations when the discussion reaches exits, liquidity & investor returns.

Why it matters: In exits, liquidity & investor returns, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Connected terms

  • Return multipleThe search label “Multiple on invested capital” can route to both entries.
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Sources & evidence · 6

Direct term-level sources and supporting source families.