Dance
-8%
est. 2Y upside i
Stage: exit. Country: Germany
Rank
#2497
Sector
Micro-mobility
Est. Liquidity
~1Y
Data Quality
Data: LowThe equity upside for a new employee at Dance is highly uncertain.
Last updated: July 3, 2026
Successful integration with Swapfiets unlocks strong synergies, driving revenue growth and multiple expansion to 12x forward revenue, yielding a 340% return for common stock after preference.
Exit multiple converges to 8x, leading to modest enterprise growth. After 1x preference, common stock sees a -13.2% return due to the large preference overhang.
Acquisition price is low or business underperforms, exit value falls below $86.1M total funding. 1x preference wipes out common stock entirely, resulting in -100% return.
Preference Stack Risk
severeFunding Intensity
86%Total funding of $86.1M represents 86.1% of entry valuation, meaning common stock is only 13.9% of the pie.
Dilution Risk
lowCompany has been acquired, so no further dilution from future funding rounds.
Secondary Liquidity
limitedThe acquisition provides a potential liquidity event, but details on employee equity conversion are unknown; parent Swapfiets is private.
Questions to Ask at the Interview
Strategic questions based on Dance's data — designed to show you've done your homework.
- 1
“What was the acquisition price and how does it affect the 409A valuation for new grants?”
- 2
“How will employee equity be converted in the acquisition—will it be in cash, parent company stock, or remain in Dance?”
- 3
“What is the growth plan for Dance under Swapfiets, and how will that drive value for equity holders?”
Community
Valuation Sentiment
Our model estimates -8% 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.