+29%

est. 2Y upside i

DevOps & InfraSeries A

Unified API for HR, payroll and recruiting software

Rank

#2002

Sector

API Infrastructure

Est. Liquidity

~5Y

Data Quality

Data: Low

Kombo offers high potential upside (~29% expected over 2 years) driven by triple-digit growth, but significant risks from competition, lack of profitability, and dilution.

Last updated: July 3, 2026

Bull (20%)+108%

Revenue reaches $27.3M with exit multiple expanding to 10x due to IPO window and category leadership. Entry valuation of $120M grows to $273M, netting 107.8% after 20% dilution.

Base (45%)+40%

Revenue hits $27.3M with exit multiple compressing to 7x, in line with public comps. Valuation reaches $191M, yielding 39.5% after 20% dilution.

Bear (35%)-29%

Revenue grows slower to $27.3M but multiple compresses to 4x due to competitive pressure. Valuation falls to $109M, resulting in -28.9% after 20% dilution and preference overhang.

Est. time to liquidity~5.0 years

Preference Stack Risk

high

Funding Intensity

2500%

Total funding of $30M represents 25% of estimated entry valuation, creating a high preference overhang.

Dilution Risk

moderate

With $10M ARR and high growth, a funding round within 2 years is likely, causing ~20% dilution.

Secondary Liquidity

none

No secondary market activity reported for Kombo.

Commercial — 5 roles

Engineering — 4 roles

Customer Success — 1 role

Product — 1 role

View all 11 open roles at Kombo →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Kombo plan to differentiate from Merge and Finch as they expand?”

  • 2

    “What is the net dollar retention and customer concentration?”

  • 3

    “What is the current 409A valuation and how often is it updated?”

Community

Valuation Sentiment

Our model estimates +29% 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.