+5%

est. 2Y upside i

Series B

Rank

#1928

Sector

Government Technology

Est. Liquidity

~4Y

Data Quality

Data: Low

Given the lack of recent valuation data and high incumbent threat, the equity upside is uncertain.

Last updated: July 21, 2026

Bull (10%)+74%

Expansion into new markets and IPO interest drive multiple expansion to 6x. Revenue grows to $14.5M, yielding exit value $87.1M; upside 74%.

Base (55%)+45%

Revenue grows to $14.5M with exit multiple at 5x, in line with public comps. Exit value $72.6M yields 45% upside.

Bear (35%)-78%

Incumbent pressure and stagnant growth compress multiple to 2x; exit value $29M. After $18M preference, common recovers only $11M, a 78% loss.

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Funding Intensity

36%

Total funding $18M against estimated valuation $50M (36% ratio).

Dilution Risk

low

No immediate need for additional capital.

Secondary Liquidity

none

No secondary market activity reported.

View all 6 open roles at Clear Ballot →

Last updated: February 22, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Clear Ballot differentiate from ES&S and Dominion?”

  • 2

    “What is the company's growth strategy and sales cycle?”

  • 3

    “What is the current burn rate and when will the company need to raise again?”

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.