Is pre-money value considered equity value or enterprise value?

In my mind, pre-money valuation represents the equity value of the company before a capital infusion. It's the basis of the share purchase price (pre-money value divided by the number of shares). However, I have read that it serves as a proxy for enterprise value as it's the agreed upon value of the company at the time before funding, and I've also seen EV multiples used to justify a pre-money valuation. So what is correct? Is it equity value or enterprise value, or neither?

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