Courtyard.io

courtyard.io →

+140%

est. 2Y upside i

FinTechSeries A

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

Rank

#160

Sector

Fintech / Collectibles Marketplace

Est. Liquidity

~5Y

Data Quality

Data: Low

Courtyard.io is a genuine high-growth Series A with 239% YoY revenue and a credible $40B TAM, but the equity story carries above-average risk for a job candidate entering on common stock.

Last updated: May 13, 2026

Bull (30%)+350%

Crypto collectibles market re-accelerates and Courtyard sustains 100%+ growth for two years, scaling revenue from $36M to $140M+; at an 8x revenue multiple that implies a $1.1B+ valuation versus an estimated ~$150M post-money Series A, delivering ~350% gross upside before dilution. A strategic acquirer (Fanatics, eBay) or a Series C at strong marks creates a partial liquidity path within the 2-year window.

Base (40%)+140%

Growth decelerates to ~80% in Year 1 and ~45% in Year 2, bringing revenue to roughly $90M; at a 5–6x revenue multiple the business is worth $450–540M, representing ~3x on the estimated entry valuation with the $37.5M preference stack fully covered. Common equity holders capture meaningful upside but dilution from a likely Series B trims net employee returns to the 140% range.

Bear (30%)-70%

A crypto/NFT market downturn, regulatory action on the mystery-pack model, or a trust crisis driven by existing customer-service complaints stalls growth below 25% and forces a down or flat round; valuation resets to 2–3x stagnant revenue (~$80–110M), well below the estimated entry mark. With $37.5M in senior liquidation preferences ahead of common stock, employee equity recovers little to nothing in this outcome.

Est. time to liquidity~5.0 years

Preference Stack Risk

high

Funding Intensity

25%

Total funding of $37.5M against an implied ~$150M post-money Series A valuation represents roughly 25% liquidation preference overhang, firmly in the high-risk band — common equity participates only after $37.5M is returned to preferred holders.

Dilution Risk

high

Fresh off a $30M Series A with significant runway still needed, expect 2–3 additional funding rounds before any liquidity event, likely diluting the current employee option pool by an additional 35–55% in aggregate.

Secondary Liquidity

limited

No disclosed secondary market activity exists for Courtyard equity; crypto-adjacent companies occasionally attract secondary interest from specialist funds, but at 79 employees a formal tender offer in a 2-year window is unlikely.

Other — 8 roles

View all 8 open roles at Courtyard.io →

Last updated: February 17, 2026

Questions to Ask at the Interview

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

  • 1

    “How does GMV and revenue break down between peer-to-peer marketplace fees and mystery-pack spreads, and which segment is growing faster — and is the company profitable or near break-even at current scale?”

  • 2

    “What is the current 409A valuation, the total fully diluted share count post-Series A, and how large is the unallocated option pool — specifically, what percentage of the company does a typical senior hire's grant represent?”

  • 3

    “Given the regulatory uncertainty around mystery packs and user complaints about high-value card redemptions, what concrete product and policy changes are planned to de-risk both the regulatory exposure and the trust deficit before the next fundraise?”

Community

Valuation Sentiment

Our model estimates +140% 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.