+114%

est. 2Y upside i

FinTechSeries A

We make software for bookkeepers.

Rank

#398

Sector

Fintech, Accounting Software

Est. Liquidity

~6Y

Data Quality

Data: Low

Double is a genuinely impressive capital-efficient Series A company — $31.7M ARR on $12.5M raised with 50% growth and 75% gross margins is a rare combination — but the undisclosed post-money valuation is a critical gap that prevents a confident equity recommendation.

Last updated: May 14, 2026

Bull (28%)+320%

Double sustains 65-75% YoY growth through 2027, reaching ~$85M ARR and raises a Series B at 8-10x ARR implying a $680-850M valuation. Employees granted equity at the estimated ~$75-100M Series A post-money capture ~320% upside net of 20-25% dilution from the next round.

Base (47%)+90%

Growth decelerates modestly to 40-50%, reaching ~$65M ARR by 2027, and a Series B closes at 5-6x ARR implying $325-390M. At an estimated Series A entry valuation of ~$75-100M, employees realize roughly 90% paper upside net of dilution, with no near-term liquidity event.

Bear (25%)-72%

Competition from Karbon, Canopy, and potential Intuit native features slows growth below 25%, leaving Double at ~$45M ARR by 2027 and forcing a flat or down round at 2-3x ARR (~$90-135M). Employee common equity loses approximately 72% of entry value after the preferred liquidation waterfall absorbs most of the proceeds.

Est. time to liquidity~6.0 years

Preference Stack Risk

high

Funding Intensity

17%

$12.5M in total preferred liquidation preferences sits ahead of common stock against an estimated post-money valuation of $75-100M, meaning roughly 13-17% of any exit proceeds must first satisfy preferred shareholders before employee common equity participates.

Dilution Risk

high

At Series A with no path to near-term profitability disclosed, Double will likely require at least two additional funding rounds before a liquidity event, implying 35-50% cumulative dilution to current employee grants.

Secondary Liquidity

none

At $31.7M ARR and Series A stage, no meaningful secondary market for Double shares exists and employees should treat all equity as fully illiquid for at least 4-7 years.

Sales — 3 roles

Success — 2 roles

Operations — 1 role

View all 9 open roles at Double →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “Given Intuit is both your Platinum Partner and the dominant incumbent, what specific close-management capabilities are off-limits for them to build natively — and what contractual or strategic protections exist if that changes?”

  • 2

    “What is your average contract value, net revenue retention rate, and payback period, and how does the per-client unlimited-user model scale unit economics as accounting firms grow their own client books?”

  • 3

    “What was the Series A post-money valuation and fully diluted share count, and does the board's exit thesis point toward a strategic acquisition by Intuit, Sage, or Wolters Kluwer, or an independent IPO path — and on what timeline?”

Community

Valuation Sentiment

Our model estimates +114% 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.