-24%

est. 2Y upside i

Series A

Rank

#2832

Sector

Vertical SaaS

Est. Liquidity

~4Y

Data Quality

Data: Low

The expected equity upside is -23.75% over 2 years, driven by a high preference overhang ($39.9M preference stack at $70M entry) and strong competition from established ERP players.

Last updated: July 3, 2026

Bull (10%)+94%

Revenue grows to $12.5M, commanding 12x multiple due to IPO window and category leadership, yielding 94% net upside after 20% dilution.

Base (50%)+14%

Revenue moderates to $12.5M, multiple reverts to 7.5x in line with public comps, resulting in 13.7% net upside.

Bear (40%)-100%

Revenue fails to grow, multiple compresses to 4x, exit value $50M below $39.9M liquidation preference, common stock worthless.

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Funding Intensity

5700%

Total funding of $39.9M represents 57% of the estimated entry valuation, creating severe preference overhang.

Dilution Risk

high

Likely need to raise additional capital within 24 months, expected 20% dilution from new investors.

Secondary Liquidity

none

No secondary market activity detected; shares are illiquid until an exit event.

Laithwaites — 1 role

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Last updated: February 22, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Fulcrum's ML scheduling compete with legacy ERP giants' AI offerings?”

  • 2

    “What is the unit economics and customer lifetime value for your typical customer?”

  • 3

    “Given the preference overhang, what is the realistic ownership value at different exit scenarios?”

Community

Valuation Sentiment

Our model estimates -24% 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.