-72%

est. 2Y upside i

Stage: exit. Country: Germany

Rank

#1906

Sector

Social/Platform Software

Est. Liquidity

~5Y

Data Quality

Data: Medium

InterNations, a subsidiary of New Work SE, presents a moderate upside opportunity for a job seeker.

Last updated: March 10, 2026

Bull (15%)+400%

InterNations successfully integrates with New Work SE's ecosystem, expanding premium memberships and B2B partnerships, driving revenue to $20M and an internal valuation of $55M, a 400% upside.

Base (30%)+100%

InterNations maintains its market position and sees modest growth in premium memberships and event participation, reaching $7M in revenue and an internal valuation of $22M, representing a 100% upside.

Bear (55%)-70%

Increased competition from broader social platforms and limited strategic investment from New Work SE lead to stagnant revenue at $3M, resulting in a re-evaluation to $3.3M, wiping out 70% of the current equity value.

Est. time to liquidity~5.0 years

Preference Stack Risk

severe

Funding Intensity

100%

The provided 'Total Funding: $11M' and 'Valuation: $11M' imply a 100% funding intensity, which was the acquisition price in 2017. If this is considered the current valuation for new equity, it leaves no buffer for common stock in a flat or down scenario.

Dilution Risk

moderate

As a subsidiary, dilution would primarily stem from the parent company's overall share structure or hypothetical future external capital raises for InterNations, which are unlikely.

Secondary Liquidity

none

There is no active secondary market for InterNations equity as it is a private subsidiary of a public company.

Other — 1 role

View all 1 open roles at InterNations →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “Given InterNations' position as a subsidiary of New Work SE, how does the company balance its independent strategic goals with the broader objectives and resource allocation of the parent company?”

  • 2

    “With an estimated revenue of $4M and over 5.7 million members, what are the key strategies for accelerating premium membership growth and B2B partnerships to significantly increase revenue per member?”

  • 3

    “Considering the 2017 acquisition valuation of $11M, what is the current internal valuation methodology for InterNations, and what are the realistic pathways for equity holders to achieve liquidity or significant upside within a 2-year horizon?”

Community

Valuation Sentiment

Our model estimates -72% 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.