-46%

est. 2Y upside i

HR TechSeries D+

Employee scheduling and time tracking platform for small businesses

Rank

#3230

Sector

HR Tech

Est. Liquidity

~3Y

Data Quality

Data: Low

Equity has negative expected return (-46%) over 2 years due to high valuation multiple, severe preference overhang, and competitive threats.

Last updated: July 3, 2026

Bull (10%)+34%

Multiple expands to 12x on IPO hopes; exit value $745M. Common stock after preference yields 54% upside, diluted by 20% to 34%.

Base (55%)-26%

Multiple converges to 8.5x; exit $528M. Common stock after preference falls 6%, diluted by 20% to -26%.

Bear (35%)-100%

Multiple compresses to 4x; exit $248M barely above preference. Common stock loses 84%, diluted to -100% (worthless).

Est. time to liquidity~3.0 years
Adjusted for competitive dynamics: -47% (raw: -46%, adjustment: -1%)

Preference Stack Risk

severe

Funding Intensity

34%

$189M liquidation preference vs $550M valuation (34% overhang)

Dilution Risk

high

No recent raise; likely to need additional funding within 24 months

Secondary Liquidity

limited

Secondary market exists but volume and pricing opaque

Finance, Accounting & Analytics — 3 roles

People — 1 role

View all 35 open roles at Homebase →

Last updated: February 22, 2026

Questions to Ask at the Interview

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

  • 1

    “How would you defend against incumbents like ADP and Gusto expanding into our niche?”

  • 2

    “What is the path to profitability given the high valuation and competitive pressure?”

  • 3

    “How do you view the timeline to liquidity given no explicit IPO/M&A signals?”

Community

Valuation Sentiment

Our model estimates -46% 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.