-67%

est. 2Y upside i

Climate TechSeries B

Rank

#3457

Sector

Energy Software / B2B SaaS

Est. Liquidity

~3Y

Data Quality

Data: Low

Given the low growth (6.5% YoY), high incumbent threat, and stale valuation (estimated ~$100M from Series B), the expected equity return is deeply negative (-67%).

Last updated: July 3, 2026

Bull (10%)-2%

Revenue grows slowly to $19.7M but exit multiple expands to 6x driven by potential IPO window or category leadership. Dilution (20%) reduces upside to -2%.

Base (40%)-41%

Exit multiple contracts to 4x within comp range, revenue reaches $19.7M. After 20% dilution, equity value declines 41%.

Bear (50%)-100%

Exit multiple compresses to 2x, exit value ($39.3M) below $61.8M preference stack, common stock recovers near -100%.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Funding Intensity

62%

Total funding $61.8M vs estimated valuation $100M implies preferred stock holds 62% of value, capping common upside.

Dilution Risk

high

With minimal growth and no profitability, a down round is probable, diluting common shareholders by 20-25%.

Secondary Liquidity

none

No secondary market activity reported.

Questions to Ask at the Interview

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

  • 1

    “How will ComboCurve defend against incumbents like Halliburton?”

  • 2

    “What is the path to accelerating revenue growth from sub-10%?”

  • 3

    “What is the current employee equity pool status and any secondary sale opportunities?”

Community

Valuation Sentiment

Our model estimates -67% 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.