Courtyard.io

courtyard.io →

+143%

est. 2Y upside i

Series A

A frictionless, safe, and fun experience to invest in collectibles

Rank

#176

Sector

Collectibles Marketplace / Web3

Est. Liquidity

~5Y

Data Quality

Data: Low

The potential upside is substantial (+143% expected over 2 years), driven by strong existing revenue ($47.5M ARR) and a defensible hybrid model.

Last updated: August 3, 2026

Bull (30%)+266%

An IPO window opens and Courtyard's vaulted tokenization model achieves category leadership, supporting a 6x forward revenue multiple. Terminal value reaches $549M, a +266% upside from the $150M entry valuation.

Base (45%)+144%

Revenue grows to $91.6M and the multiple converges toward the public comparable range at 4x, implying a $366M terminal value. This yields a +144% upside for common stock, with no new dilution assumed.

Bear (25%)-8%

Growth slows faster and competition from eBay/Fanatics compresses the multiple to 1.5x, resulting in a $137M terminal value. Common stock upside is -8.4%, still above the $37.5M liquidation preference.

Est. time to liquidity~5.0 years

Preference Stack Risk

high

Funding Intensity

25%

$37.5M total liquidation preference vs $150M entry valuation = 25% overhang, which would cap common recovery in a low exit.

Dilution Risk

low

No additional financing is assumed within 24 months; current cash plus $47.5M ARR appears sufficient to fund operations.

Secondary Liquidity

none

No secondary market was reported; shares are illiquid until an IPO or acquisition.

Questions to Ask at the Interview

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

  • 1

    “How will you defend against large incumbents like eBay or Fanatics copying the vaulted-token model?”

  • 2

    “What is the mix between one-time mystery pack revenue and recurring resale fees, and what do retention trends look like?”

  • 3

    “Can you share the latest 409A or post-money valuation and whether any employee secondary market exists?”

Community

Valuation Sentiment

Our model estimates +143% 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.