Air Doctor

lsip.com

+9%

est. 2Y upside i

HealthcareSeries B

Rank

#1853

Sector

HealthTech

Est. Liquidity

~2Y

Data Quality

Data: Low

Air Doctor shows high growth and strong moat, but significant incumbent threat and a stale valuation from a Series B round 20 months ago make the equity highly risky.

Last updated: July 3, 2026

Bull (20%)+272%

Revenue grows to ~$39M; exit multiple holds at 10x driven by IPO window and category leadership, resulting in $392M exit. After dilution, net upside ~272%.

Base (35%)-2%

Revenue grows to ~$39M; exit multiple converges to 3x (public comp range), implying $118M exit. After dilution and preference, net upside slightly negative at -2.4%.

Bear (45%)-100%

Revenue grows to ~$39M but exit multiple compresses to 1x, implying $39M exit, below $50.9M preferred stack. Common stock recovers -100%.

Est. time to liquidity~2.0 years

Preference Stack Risk

severe

Funding Intensity

50900%

Total preferred liquidation preference of $50.9M represents ~51% of the estimated entry valuation.

Dilution Risk

high

High cash burn implies another round needed within 2 years, likely diluting common by ~20%.

Secondary Liquidity

none

No secondary market activity reported.

Questions to Ask at the Interview

Strategic questions based on Air Doctor's data — designed to show you've done your homework.

  • 1

    How does Air Doctor plan to defend against large incumbents like AXA and Teladoc?

  • 2

    What is the path to profitability given the high growth and commission-based model?

  • 3

    Given the stale valuation and need for funding, what is your comfort level with equity dilution?

Community

Valuation Sentiment

Our model estimates +9% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.