-84%

est. 2Y upside i

InsurTechSeries A

Evy is a Sequoia-backed company since 2022.

Rank

#3164

Sector

InsurTech

Est. Liquidity

~5Y

Data Quality

Data: Medium

Evy presents a high-risk equity opportunity with a low expected upside of 22.5% over a two-year horizon.

Last updated: March 10, 2026

Bull (15%)+300%

Evy successfully leverages its existing retailer partnerships, particularly ManoMano, to expand aggressively across Europe, capturing a significant share of the embedded insurance market. Improved platform features and customer service lead to strong retailer adoption and customer retention, pushing the valuation to $120M+ by securing a strong Series B round.

Base (35%)+50%

Evy maintains its current market position with moderate growth, continuing to serve its existing retailer base. While expanding slowly, the thin competitive moat and ongoing customer service challenges limit rapid scaling, leading to a modest valuation increase to $45M, potentially through a small follow-on round.

Bear (50%)-80%

Increased competition from well-funded InsurTechs and incumbent insurers, coupled with persistent customer service issues and declining website traffic, severely hinders Evy's growth. The company struggles to raise further capital, leading to a down round or acquisition at a significantly reduced valuation of $6M, wiping out most common stock value.

Est. time to liquidity~5.0 years

Preference Stack Risk

high

Investors hold $6.44M in liquidation preferences, representing 21.46% of the estimated $30M current valuation.

Dilution Risk

high

As a Seed-stage company, Evy will likely require multiple additional funding rounds (Series A, B, etc.), which will lead to significant dilution for early common stock holders.

Secondary Liquidity

none

There is no indication of active secondary markets or tender offers for a Seed-stage company like Evy.

Other — 1 role

View all 1 open roles at Evy →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “Given the reported decrease in website traffic and customer service issues, how is Evy planning to re-accelerate growth and improve customer satisfaction in the near term?”

  • 2

    “With a thin competitive moat and established incumbents like Darty and Fnac offering their own product protection, what is Evy's long-term strategy to differentiate and capture significant market share in the European embedded insurance market?”

  • 3

    “Considering the company is at the Seed stage with $6.44M in funding and the typical timeline for liquidity, what are the realistic expectations for employee equity value and potential exit scenarios over a 2-year horizon, and how does the company plan to manage dilution in future funding rounds?”

Community

Valuation Sentiment

Our model estimates -84% 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.