+74%

est. 2Y upside i

FinTechSeries C

Rank

#667

Sector

Fintech

Est. Liquidity

~4Y

Data Quality

Data: Medium

Empathy offers a moderate equity upside (~74% expected over 2 years) driven by solid partnerships and recurring revenue.

Last updated: July 19, 2026

Bull (20%)+102%

Maintains 8x multiple as partnerships with insurers expand and potential IPO window opens, yielding 122% raw upside minus 20% dilution.

Base (55%)+88%

Multiple converges to 7.5x in line with public comps as growth normalizes, yielding 108% raw upside minus 20% dilution.

Bear (25%)+19%

Multiple compresses to 5x due to slowed growth or increased competition, yielding 39% raw upside minus 20% dilution.

Est. time to liquidity~4.0 years

Preference Stack Risk

high

Funding Intensity

100%

Total funding of $162M equals current valuation, implying significant liquidation preference; however, projected exits exceed funding in all scenarios.

Dilution Risk

high

ARR of $25.2M on $162M funding suggests high burn, making a follow-on round likely within 2 years that could dilute common stock by 15-25%.

Secondary Liquidity

none

No secondary trading indicated; employees have no liquidity until an IPO or acquisition.

Other — 1 role

View all 1 open roles at Empathy →

Last updated: September 6, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Empathy plan to differentiate from potential in-house solutions by large insurance partners?”

  • 2

    “What is the customer acquisition cost and lifetime value for the employer/insurer channel?”

  • 3

    “Given the current funding-to-valuation ratio of nearly 100%, how does management view the preference overhang for common stock?”

Community

Valuation Sentiment

Our model estimates +74% 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.