+36%

est. 2Y upside i

Vertical SaaSSeries C

Field management platform for construction jobsite coordination

Rank

#2024

Sector

Construction Technology

Est. Liquidity

~2Y

Data Quality

Data: Medium

Fieldwire, acquired by Hilti for $300M in 2021, offers a moderate upside opportunity for new equity holders, with an expected upside of 35.5% over a two-year horizon.

Last updated: March 10, 2026

Bull (25%)+100%

Fieldwire significantly expands its market share and product offerings by effectively leveraging Hilti's global distribution and resources, becoming a cornerstone of Hilti's digital construction strategy. This drives its internal valuation or strategic contribution to $600M, a 2x increase over the acquisition price.

Base (55%)+30%

Fieldwire maintains its strong position in the construction collaboration market, growing steadily through continued product innovation and deeper integration into Hilti's ecosystem. Its internal valuation grows modestly to approximately $390M, reflecting consistent performance and strategic value.

Bear (20%)-30%

Fieldwire faces intensified competition from incumbents like Procore and experiences slower-than-expected adoption within Hilti's ecosystem or internal strategic shifts. This leads to reduced growth and a decline in its perceived internal value to $210M, impacting the value of performance-based equity.

Est. time to liquidity~2.0 years
Adjusted for competitive dynamics: 46% (raw: 36%, adjustment: +10%)

Preference Stack Risk

low

Funding Intensity

14%

The $41M in total funding against a $300M acquisition valuation indicates a moderate preference stack historically (13.7%), but this risk is largely resolved for new equity granted post-acquisition by Hilti.

Dilution Risk

low

As a business unit within Hilti, Fieldwire is not subject to external venture funding rounds, thus dilution risk from future equity issuance is minimal for Fieldwire-specific equity.

Secondary Liquidity

none

There are no active secondary markets for Fieldwire equity as it is a wholly-owned subsidiary of Hilti.

Other — 17 roles

View all 17 open roles at Fieldwire →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How is Fieldwire leveraging Hilti's global distribution network and strategic focus on digital construction to expand its market reach and customer base, particularly against dominant incumbents like Procore?”

  • 2

    “Given Fieldwire's profitability and continuous product development, what are the key performance indicators and strategic initiatives for the next 2-3 years within Hilti's overall digital construction strategy, especially concerning BIM and AI integration?”

  • 3

    “Could you elaborate on the structure of the equity compensation for new hires, specifically how the 'current valuation' of $300M translates into the value of RSUs or options, and what the potential liquidity events or performance targets are for this equity within Hilti?”

Cluster Peers

Expected Upside

Procore
+21%
PlanGrid
0%
Fieldwire
0%

Community

Valuation Sentiment

Our model estimates +36% 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.