-5%

est. 2Y upside i

Climate TechSeries A

Decarbonizing the fashion industry

Rank

#2425

Sector

Climate Tech

Est. Liquidity

~4Y

Data Quality

Data: Low

Given the stale valuation mark and high incumbent threat, the expected 2-year equity return is negative (-5.4%) with significant downside risk.

Last updated: July 3, 2026

Bull (10%)+79%

Holds current 12x multiple due to successful IPO filing or market leadership, exit at $99.6M. After 20% dilution, employee shares worth 79% gain.

Base (55%)+21%

Multiple converges to public comp average of 8.5x, exit at $70.6M. Net of dilution, 21% gain.

Bear (35%)-71%

Multiple compresses to 5x, exit at $41.5M. After preference liquidation preference of $17.1M, common stock recovers $24.4M, losing 71% including dilution.

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Funding Intensity

417%

Total preferred liquidation preference of $17.1M represents 34% of estimated entry valuation ($50M), meaning common stock is at risk in a downside exit.

Dilution Risk

high

Series A was over 2 years ago; company may need Series B, diluting existing holders by 15-25%.

Secondary Liquidity

none

No secondary trading reported; equity is illiquid until an exit event.

Other — 10 roles

View all 10 open roles at Carbonfact →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How do you plan to defend against incumbents like SAP and Salesforce entering fashion carbon management?”

  • 2

    “What's your path to profitability and future fundraising?”

  • 3

    “How do you value equity given the stale round and no secondary market?”

Community

Valuation Sentiment

Our model estimates -5% 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.