-11%

est. 2Y upside i

Series A

At Felt, we’re creating the best place to make maps on the internet. We've reimagined what's possible with GIS technology by bringing the entire spatial stack into the browser and making it simple to deploy map tooling your whole team loves to use.

Rank

#3166

Sector

Enterprise Software

Est. Liquidity

~3Y

Data Quality

Data: Low

Felt's $68M valuation and $34.5M in funding imply severe preference stack risk for common stock.

Last updated: July 3, 2026

Bull (10%)+185%

Valuation triples to ~$204M driven by cloud-native GIS adoption and potential acquisition. Despite critical incumbent threat, the niche differentiation gains traction.

Base (45%)+35%

Valuation grows to ~$102M with steady but slow progress. Preference stack overhang limits upside; competition from Esri constrains multiple expansion.

Bear (45%)-100%

Valuation falls below $34.5M total funding, common stock wiped out. Esri's dominance and lack of revenue clarity lead to down round or failure.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Funding Intensity

5070%

Total funding of $34.5M represents 50.7% of the current $68M valuation, meaning common stock is deeply subordinated in a liquidation scenario.

Dilution Risk

low

The latest $15M Series A2 closed in July 2025 likely provides sufficient runway for 2+ years given 43 employees and low capital intensity.

Secondary Liquidity

none

Felt is private with no reported secondary market; employee shares are illiquid until an exit event.

Other — 1 role

View all 1 open roles at Felt →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Felt's browser-native GIS currently differentiate from Esri's mature platform, and what is the specific target customer segment?”

  • 2

    “What is the current annual recurring revenue (ARR) and growth rate, and how does the business model achieve unit economics?”

  • 3

    “Given the early stage, what is the expected dilution in future funding rounds, and what is the typical timeline to liquidity for employees?”

Community

Valuation Sentiment

Our model estimates -11% 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.