-33%

est. 2Y upside i

DevOps & InfraSeries A

Develop your CI/CD pipelines as code and run them anywhere

Rank

#2996

Sector

Developer Tools

Est. Liquidity

~4Y

Data Quality

Data: Low

Negative expected return (-33%) over 2 years given high preference overhang and stale valuation.

Last updated: July 19, 2026

Bull (20%)+26%

Bull case: 50% growth accelerates, exit multiple holds at 12x, exit value $93.2M, common recovers $62.8M after preference, yielding +25.7% upside.

Base (45%)-21%

Base case: growth normalizes to ~40%, multiple compresses to 9x, exit value $69.9M, common gets $39.5M, a -20.9% loss.

Bear (35%)-83%

Bear case: slow growth ~20%, multiple falls to 5x, exit value $38.9M, preference leaves only $8.5M for common, a -83.1% loss.

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Funding Intensity

6080%

Total funding of $30.4M represents 60.8% of the estimated $50M entry valuation, meaning common equity is highly diluted by the 1x non-participating preferred liquidation preference.

Dilution Risk

low

With $30.4M raised and a likely near break-even burn rate, no near-term dilutive round is expected.

Secondary Liquidity

none

No secondary market activity observed; equity is illiquid until an exit event.

Questions to Ask at the Interview

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

  • 1

    “How does Dagger plan to differentiate from GitHub Actions and GitLab CI as incumbents integrate similar container-native features?”

  • 2

    “What is the customer acquisition cost and lifetime value for Dagger Cloud, and how does the hybrid pricing model (subscription + usage) affect unit economics?”

  • 3

    “If the company remains private for 5+ years, what is the expected liquidity event, and how can employees realize value from their equity?”

Community

Valuation Sentiment

Our model estimates -33% 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.