+260%

est. 2Y upside i

HealthcareSeries A

Meet Freed: The AI assistant loved by 20,000+ happy clinicians. Freed listens, transcribes, and creates comprehensive SOAP notes faster than you can say "documentation backlog."

Rank

#27

Sector

Healthcare Technology

Est. Liquidity

~4Y

Data Quality

Data: Low

Freed offers significant potential upside given its 134% ARR growth and large TAM, but the lack of a current valuation and high incumbent threat increase risk.

Last updated: July 3, 2026

Bull (20%)+400%

Bull scenario: IPO window opens or category leadership achieved, revenue reaches $141M at 10x multiple = $1.4B exit; diluted upside capped at 400% per Series A constraints.

Base (35%)+304%

Base scenario: Multiple converges to 6x forward revenue (comp range), exit value ~$848M; diluted upside ~304% driven by continued growth.

Bear (45%)+163%

Bear scenario: Incumbent competition compresses multiple to 4x, exit value ~$566M; diluted upside ~163% but still positive due to strong revenue growth.

Est. time to liquidity~4.0 years

Preference Stack Risk

high

Funding Intensity

17%

Total funding of $34M represents 17% of estimated valuation, creating a moderate preference overhang.

Dilution Risk

high

Given high burn and early stage, further capital raises within 2 years are likely, diluting existing shareholders by ~20%.

Secondary Liquidity

none

No secondary market activity observed; liquidity events likely distant.

Engineering — 6 roles

Marketing — 3 roles

Customer Success — 1 role

View all 10 open roles at Freed →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How do you plan to differentiate from well-funded competitors like Abridge and Nuance DAX?”

  • 2

    “What is the unit economics and path to profitability for the subscription model?”

  • 3

    “What is your expectation for future funding and dilution, and do you plan to provide secondary liquidity for employees?”

Community

Valuation Sentiment

Our model estimates +260% 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.