Census
-18%
est. 2Y upside i
Reverse ETL platform for syncing data warehouse to business tools
Rank
#3391
Sector
Data Integration
Est. Liquidity
~2Y
Data Quality
Data: LowCensus was acquired by Fivetran in May 2025 for an undisclosed price.
Last updated: July 3, 2026
Fivetran's integration drives strong synergies, combined entity multiples expand to 15x ARR, and an IPO within 2 years provides liquidity. Exit value ~$1.1B.
Multiple converges to 8x ARR, revenue grows to $75M, exit value ~$600M. Minimal value creation due to stale entry valuation.
Integration challenges, increased competition from cloud giants compress multiple to 4x ARR. Exit value ~$300M, preference stack consumes 27% of proceeds, common stock severely diluted.
Preference Stack Risk
moderateFunding Intensity
1270%Total funding $80.3M represents 12.7% of stale $630M valuation; actual preference risk depends on Fivetran's capital structure.
Dilution Risk
highNo recent funding round data; likely dilution from option pools and potential Fivetran equity grants.
Secondary Liquidity
limitedNo secondary market data for Census; Fivetran is private, limited liquidity.
Questions to Ask at the Interview
Strategic questions based on Census's data — designed to show you've done your homework.
- 1
“How does Fivetran's acquisition of Census affect employee equity grants and liquidity timelines?”
- 2
“What is the current ARR and growth rate of the combined Fivetran+Census business?”
- 3
“Is Fivetran planning an IPO, and what is the expected valuation range?”
Community
Valuation Sentiment
Our model estimates -18% 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.