-1%

est. 2Y upside i

FinTechSeries A

Carry is everything you need to build wealth as an entrepreneur, freelancer, consultant or independent business owner. Whether that's setting up a Solo 401k or a Mega Backdoor Roth, Carry helps you do (even the most complex) wealth building strategies with ease.

Rank

#2338

Sector

Fintech

Est. Liquidity

~0Y

Data Quality

Data: Low

Carry's acquisition provides a near-term liquidity event but limited upside.

Last updated: July 3, 2026

Bull (10%)+150%

Carry is acquired at a higher valuation due to competitive bidding; common shares achieve 150% upside after preference of $14.5M.

Base (50%)+8%

Carry is acquired for $80M as reported; common shares yield 8% upside after preference payout.

Bear (40%)-50%

Acquisition falls through or price drops to $60M; common shares suffer 50% loss after preference.

Est. time to liquidity~0.1 years

Preference Stack Risk

high

Funding Intensity

19%

$14.5 million in preferred stock holds a 1x liquidation preference, overhanging 19.3% of the entry valuation.

Dilution Risk

low

No additional dilution anticipated given the acquisition.

Secondary Liquidity

moderate

The $80M acquisition in April 2026 provides a defined exit; secondary market may have been active but not indicated.

Questions to Ask at the Interview

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

  • 1

    “How do you assess the trajectory of the retirement platform market for self-employed individuals?”

  • 2

    “What are the key dependencies in maintaining IRS compliance and scaling the platform?”

  • 3

    “Given the recent acquisition, what is the expected integration timeline and its impact on equity value?”

Community

Valuation Sentiment

Our model estimates -1% 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.