+194%

est. 2Y upside i

Climate TechDevOps & InfraSeries A

Enode’s APIs enable you to instantly connect users’ energy devices — including EVs, solar inverters, home batteries and thermostats — to your app. You can surface data, and then take action with it. Our out-of-the-box algorithms allow you to control and optimize your users’ energy devices.

Rank

#90

Sector

CleanTech, API Infrastructure

Est. Liquidity

~5Y

Data Quality

Data: Low

Enode presents a high-risk, high-reward opportunity.

Last updated: July 19, 2026

Bull (20%)+400%

If Enode achieves IPO window or category leadership, forward multiple expands to 10x, driving 431% upside before dilution cap at 400%.

Base (55%)+252%

Exit multiple converges to 7x (spx comp average) on projected $13.4M revenue, yielding 272% upside before 20% dilution haircut.

Bear (25%)-100%

Compressed exit multiple below 1.3x leads to exit value below $17.4M preference stack, wiping out common equity.

Est. time to liquidity~5.0 years

Preference Stack Risk

severe

Funding Intensity

69%

Total funding of $17.4M represents 69% of the $25.2M valuation, meaning preferred holders would be paid first and could almost fully recover their investment before common sees any return.

Dilution Risk

high

With no recent round and likely cash runway constraints, a new raise within 24 months could dilute common equity by 15-25%.

Secondary Liquidity

none

No secondary market activity detected; employee shares are illiquid until an exit event.

Engineering — 4 roles

Product — 1 role

View all 5 open roles at Enode →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Enode's API differentiate from building in-house? (strategic)”

  • 2

    “What is the unit economics and customer acquisition cost for energy utilities? (business model)”

  • 3

    “What is the expected timeline to profitability and how does that affect equity value? (equity/career)”

Community

Valuation Sentiment

Our model estimates +194% 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.