+6%

est. 2Y upside i

Series A

Building the marketplace that powers America’s most essential assets

Rank

#1910

Sector

Marketplace

Est. Liquidity

~4Y

Data Quality

Data: Low

Joining Garage today offers a modest 2-year expected equity upside of ~5.8% based on the assumed $50M valuation and $8.2M projected revenue.

Last updated: August 4, 2026

Bull (30%)+64%

With a strong exit multiple (~10x forward revenue) driven by an IPO window or category leadership, projected revenue of $8.2M in 24 months implies an $82M exit valuation, up from $50M entry — a ~64% gain. This assumes the marketplace achieves network effects in the niche.

Base (45%)-2%

At a 6x forward revenue multiple, the company's $8.2M projected revenue supports a $49M valuation, roughly flat vs. $50M entry. Base case reflects steady growth but no multiple expansion, leaving investors with modest downside.

Bear (25%)-51%

If growth disappoints or public-market comps compress to 3x forward revenue, the $8.2M revenue yields a $24.6M valuation — a 51% loss. While above the $18M liquidation preference, the concentrated buyer and reliance on fire department budgets create downside risk.

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Funding Intensity

36%

$18M of raised capital sits ahead of common; at the assumed $50M valuation, this is a 36% overhang.

Dilution Risk

low

$18M total funding with a 25-person team implies a multi-year runway, reducing near-term dilution risk.

Secondary Liquidity

none

No secondary shares or tender offers have been reported; equity is likely illiquid until an exit.

Engineering — 2 roles

Growth — 2 roles

General — 1 role

View all 5 open roles at Garage →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “What are the key monetization levers (take rate, volume growth) to reach $10M+ ARR within 24 months?”

  • 2

    “How does Garage plan to expand beyond fire apparatus into other essential equipment verticals?”

  • 3

    “What is the company's philosophy on employee equity, including ownership %, option pool, and any early liquidity programs?”

Community

Valuation Sentiment

Our model estimates +6% 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.