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MOIC Calculator: Multiple on Invested Capital, DPI & RVPI

Measure an investment the way VCs do. Enter how much you put in, the cash you have received back and the current value of what you still hold to get MOIC, DPI, RVPI and an approximate IRR.

QUICK ANSWERMOIC (multiple on invested capital) = (realized value + unrealized value) ÷ invested capital. A ₹1 Cr investment that has returned ₹40 L and is valued at ₹2.6 Cr has a MOIC of 3.0x, a DPI of 0.4x and an RVPI of 2.6x.

MOIC = (Realized + Unrealized) ÷ Invested
DPI = Realized ÷ Invested
RVPI = Unrealized ÷ Invested

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What the MOIC Calculator does

✅ MOIC / TVPI
✅ DPI (cash returned)
✅ RVPI (paper value)
✅ Approximate IRR
✅ Explains MOIC vs IRR

How to use the MOIC Calculator

STEP 1
Enter your numbers
Type the figures you know. Every field starts with a realistic example so you can see how it works.
STEP 2
Read the result instantly
Results, tables and the plain-English explanation update as you type. No submit button, no login.
STEP 3
Test scenarios
Change one assumption at a time (valuation, growth, dilution, exit) to see what really moves the outcome.
STEP 4
Share or save
Copy the summary, send it on WhatsApp or print to PDF for your co-founders, board or investment committee.

MOIC vs IRR

MOIC tells you how many times your money you made; IRR tells you how fast. A 3x over 3 years is about a 44% IRR; the same 3x over 10 years is about 12%. Investors report both.

Unrealized value is an estimate based on the last round or your marks. DPI is the only number backed by cash, which is why LPs focus on it as funds mature.

Frequently asked questions

What is a good MOIC?

For a venture fund, 3x+ net TVPI is considered strong. For a single early-stage deal, investors hope for 10x+ on winners to offset losses.

Is MOIC the same as TVPI?

For a single investment they are effectively the same. TVPI is the fund-level term and is usually net of fees and carry.

How do I calculate IRR for multiple cash flows?

Use the portfolio IRR (XIRR) calculator, which handles different investment and exit dates.

Is this tool free? Do I need to sign up?

Yes. It is completely free, needs no login and has no usage limit. FastFee builds payment collection software; these startup and investor tools are free resources for founders, angels and fund managers.

Is my data private?

Yes. Everything you type stays in your own browser on this device (local storage). Nothing is uploaded to FastFee. Export or print a copy if you need to keep it.

Use it together with

Portfolio IRR Calculator (XIRR) →Combined XIRR across all your startup investments with per-company MOIC and IRR.Fund NAV Calculator →Holdings at fair value plus cash minus liabilities: NAV, NAV per unit, TVPI, DPI, RVPI.

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More free investor returns

Investor Return Calculator →Entry valuation, dilution and exit value to proceeds, MOIC and IRR.Portfolio IRR Calculator (XIRR) →Combined XIRR across all your startup investments with per-company MOIC and IRR.Exit Scenario Simulator →Proceeds, multiple and IRR across exit values with probabilities and 1x preference.Follow-on & Pro-rata Investment Calculator →Pro-rata amount, amount to fully maintain ownership and ownership if you skip.Power Law Portfolio Calculator →Big wins needed to return the fund and net multiple from an outcome mix.

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