-35%

est. 2Y upside i

Series C

Revenue lifecycle management platform for CLM CPQ and document automation

Rank

#2509

Sector

Enterprise Software / RLM

Est. Liquidity

~3Y

Data Quality

Data: Low

Conga offers moderate equity driven by Thoma Bravo exit timeline.

Last updated: March 20, 2026

Bull (30%)+95%

Thoma Bravo accelerates PROS integration, $250M+ ARR, strategic sale at 8-10x.

Base (50%)+30%

$200M ARR, TB exits at 5-6x in 3-4 years. PE waterfall compresses individual outcomes.

Bear (20%)-40%

Salesforce native displaces; PROS integration fails; stalls below $170M.

Est. time to liquidity~2.5 years
Adjusted for competitive dynamics: 28% (raw: -35%, adjustment: -8%)

Preference Stack Risk

high

PE LBO debt + management carve-outs ahead of employee equity.

Dilution Risk

moderate

Post-LBO structure largely set; PROS may have added equity.

Secondary Liquidity

none

PE-backed; single exit event.

Other — 44 roles

View all 44 open roles at Conga →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “Equity instrument: options vs profits interest?”

  • 2

    “Change-of-control acceleration?”

  • 3

    “Thoma Bravo exit thesis and timeline?”

Cluster Peers

Expected Upside

Docusign
+41%
Icertis
-9%
Conga
-35%
Ironclad
-71%

Community

Valuation Sentiment

Our model estimates -35% 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.