-64%

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

#801

Sector

Geographic Information Systems (GIS)

Est. Liquidity

~6Y

Data Quality

Data: Medium

Felt presents a moderate upside opportunity, driven by its innovative AI-powered, cloud-native GIS platform and strong customer traction, which positions it to disrupt a legacy market.

Last updated: March 10, 2026

Bull (20%)+400%

Felt's AI-powered, cloud-native platform significantly disrupts the legacy GIS market, capturing substantial enterprise share from incumbents like Esri by simplifying complex workflows and reducing deployment times by 75%. This drives revenue to over $150M by 2028, justifying a $500M+ valuation at a 30x+ revenue multiple.

Base (45%)+100%

Felt continues to grow steadily, establishing a strong niche in the enterprise GIS market with its collaborative and user-friendly tools. It achieves ~30% YoY growth, reaching $20M-$30M in ARR within 2-3 years, leading to an acquisition or next funding round at a $200M valuation.

Bear (35%)-80%

Dominant incumbents like Esri and Google effectively counter Felt's AI differentiation with their own enhanced offerings and vast installed bases. Felt struggles to scale beyond early adopters, growth stalls, and a necessary down round to $20M valuation significantly diminishes or wipes out common stock value due to substantial liquidation preferences.

Est. time to liquidity~6.0 years

Preference Stack Risk

severe

Investors hold $35M in liquidation preferences. In an exit at the estimated current $100M valuation, common shareholders would share $65M.

Dilution Risk

high

As a Series A company, Felt will likely require several more funding rounds (Series B, C, etc.) before a liquidity event, each introducing significant dilution for existing common shareholders.

Secondary Liquidity

none

Given its early stage (Series A), there are currently no active secondary markets or tender offers for Felt's equity.

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 is Felt planning to continuously differentiate its AI capabilities and cloud-native platform to effectively compete with the evolving offerings and vast installed bases of dominant incumbents like Esri and Google Maps Platform?”

  • 2

    “With an estimated $4M in revenue and a recent Series A, what are the key strategic milestones and growth drivers Felt is targeting to achieve significant ARR growth (e.g., $20M-$50M) in the next 2-3 years, and how will customer acquisition costs be managed?”

  • 3

    “Given the Series A funding and the current market conditions, what is the company's anticipated timeline for future funding rounds and potential liquidity events for employees, and how is the preference stack being managed to ensure common stock value?”

Community

Valuation Sentiment

Our model estimates -64% 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.