-2%

est. 2Y upside i

Series B

A B2B marketplace for wholesale second hand fashion

Rank

#2352

Sector

Fashion Tech / B2B Marketplace

Est. Liquidity

~2Y

Data Quality

Data: Medium

Fleek is a high-risk, low-expected-return equity opportunity.

Last updated: July 19, 2026

Bull (20%)+90%

Strong market adoption and potential IPO drive a 6x revenue multiple on $62M revenue, yielding $372M exit. After 15% dilution, common stock sees ~90% upside.

Base (55%)-5%

Growth slows and multiple converges to public comps (3x), exit value $186M. After dilution, common stock loses ~5%.

Bear (25%)-69%

Growth disappoints and multiple compresses to 1x, exit $62M. After preference stack, common stock suffers -69% loss.

Est. time to liquidity~2.0 years

Preference Stack Risk

high

Funding Intensity

2700%

1x non-participating preferred on $45M total funding, representing 27% of current valuation.

Dilution Risk

moderate

With $25M raised in Series B, further dilution of ~15% within 2 years is likely to fund growth.

Secondary Liquidity

none

No secondary market activity indicated for this private company.

Go-To-Market — 4 roles

Product — 2 roles

Finance — 1 role

People — 1 role

View all 13 open roles at Fleek →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Fleek plan to defend against eBay's entry into B2B secondhand fashion?”

  • 2

    “What are the unit economics per transaction and how does take rate scale with volume?”

  • 3

    “What is the expected timeline to liquidity and what exit paths are most likely? (IPO, acquisition, secondary)”

Community

Valuation Sentiment

Our model estimates -2% upside. What do you think?

Anonymous. Do not share material non-public information.

Community Discussion

Comments are reviewed before they appear publicly.

0/2000

Loading comments...

Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.