+500%

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

#2

Sector

Healthtech

Est. Liquidity

~2Y

Data Quality

Data: Low

The math suggests enormous equity upside because the $37M entry valuation is only ~1.9x current ARR, and even bear-case scenarios exit far above that.

Last updated: August 21, 2026

Bull (25%)+400%

If Freed reaches category leadership and IPO window opens, it could command 12x forward revenue, implying a $2.1B exit (raw +5,520%). After 20% dilution and Series A bull cap, upside is +400%.

Base (25%)+3627%

Revenue grows to $175M by month 24; at 8x forward revenue the exit value is $1.4B, ~37x entry. After 20% dilution, net upside is +3,627%.

Bear (50%)+1285%

Even with multiple compression to 3x and competitive pressure, exit value is $524M, ~14x entry. After 20% dilution, upside is +1,285%; the $34M preference overhang is immaterial at this exit size.

Est. time to liquidity~2.0 years

Preference Stack Risk

severe

Funding Intensity

91%

Total funding of $34M is 91% of the $37.3M valuation, so 1x preferred leaves little residual value for common in a down round.

Dilution Risk

high

Series A was ~17 months ago; with aggressive growth, a Series B raise will likely dilute current holders by ~20%.

Secondary Liquidity

none

No secondary market signals exist; employee shares are illiquid until an exit.

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 does Freed plan to counter Doximity's free AI scribe without eroding its subscription revenue?”

  • 2

    “What is net revenue retention across the $39-$119 tier mix, and how does the $20M ARR break down by segment?”

  • 3

    “Given the current $37M valuation and $34M total funding, what is the post-money ownership structure and how would a Series B affect employee equity?”

Community

Valuation Sentiment

Our model estimates +500% 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.