+51%

est. 2Y upside i

Climate TechSeries A

Commons is a Sequoia-backed company since 2019.

Rank

#971

Sector

Climate Tech

Est. Liquidity

~4Y

Data Quality

Data: Low

Commons offers a moderate expected upside of 51% over 2 years, but with high uncertainty due to stale valuation, missing growth data, and significant competitive threats from Big Tech.

Last updated: July 3, 2026

Bull (10%)+130%

If the company achieves category leadership and benefits from an IPO window, multiples expand to 9x, yielding 150% upside before 20% dilution, net 130%.

Base (55%)+74%

Revenue grows to $12.5M, exit multiple converges to 7x, giving 94.4% upside before 20% dilution, net 74.4%.

Bear (35%)-9%

Growth disappoints, multiple compresses to 4x, resulting in 11.1% upside before dilution, net -8.9%.

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Funding Intensity

31%

Total funding $13.9M against estimated valuation $45M (31% ratio), meaning preferred shareholders hold significant liquidation preference.

Dilution Risk

high

Given Series A was in 2022 and revenue is modest, a down round or up round is likely within 2 years, diluting common equity by ~20%.

Secondary Liquidity

none

No secondary market data available; likely no liquidity for shares

Other 1 role

View all 1 open roles at Commons

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    How does Commons plan to differentiate from carbon tracking features integrated into Google and Apple platforms?

  • 2

    What is the current user growth rate and retention metrics?

  • 3

    Given the need for future funding, how does the cap table look and what is the timeline for next round?

Community

Valuation Sentiment

Our model estimates +51% 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.