-51%

est. 2Y upside i

Vertical SaaSSeries B

Construction & industrial logistics platform.

Rank

#3278

Sector

Logistics & Distribution

Est. Liquidity

~4Y

Data Quality

Data: Low

Given the stale $160M valuation (June 2023), high incumbent threat from DHL/UPS, and ongoing layoffs, equity upside is skewed negative with a probability-weighted expected return of -50.9% over 2 years.

Last updated: July 3, 2026

Bull (20%)+62%

Revenue reaches $43.4M by mid-2028; exit multiple holds at 6.7x due to IPO window or category leadership, implying $290M exit. Common upside 61.5% after ~20% dilution.

Base (35%)-52%

Revenue reaches $43.4M; multiple compresses to 2.5x (close to public comps), implying $108.4M exit. After dilution, common returns -52%.

Bear (45%)-100%

Revenue underperforms or multiple crashes to 1x; exit value $43.4M below $50.8M preference, common recovers -100%.

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Funding Intensity

3180%

Total funding $50.8M with 1x liquidation preference equals 31.8% of the $159.8M valuation, placing common stock significantly behind preferred.

Dilution Risk

high

With limited runway and ongoing losses, a down round or flat round with 20% dilution is probable within 24 months.

Secondary Liquidity

none

No secondary market indicated; no recent secondary transactions.

Technology — 6 roles

People — 3 roles

Finance — 2 roles

Legal — 2 roles

View all 44 open roles at Curri →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How would you improve unit economics given the 50% take rate and moderate gross margins?”

  • 2

    “What is the customer retention rate and how do you expand wallet share?”

  • 3

    “What is the current 409A valuation and what is your assumption for the next round?”

Community

Valuation Sentiment

Our model estimates -51% upside. What do you think?

Anonymous. Do not share material non-public information.

Community Discussion

Comments are reviewed before they appear publicly.

0/2000

Loading comments...

Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.