+19%

est. 2Y upside i

Vertical SaaSSeries B

Stage: growth. Country: Germany

Rank

#1625

Sector

PropTech

Est. Liquidity

~1Y

Data Quality

Data: Low

Lamudi offers a moderate expected upside of 19% over two years, but the analysis is low confidence due to missing valuation and growth data.

Last updated: July 3, 2026

Bull (10%)+100%

Revenue reaches $84.6M with exit multiple expanding to 5x, driven by successful integration with Lifull Connect and accelerated market share gains in Southeast Asia. Exit value $423M yields 100% upside after dilution.

Base (50%)+41%

Revenue grows to $84.6M, exit multiple converges to 3.5x (in line with comps), exit value $296M. After 20% dilution, upside of 41%.

Bear (40%)-28%

Slower growth to $84.6M (low end) and multiple compresses to 2x due to intensifying competition from PropertyGuru and 99 Group. Exit value $169M results in -28% after preference and dilution.

Est. time to liquidity~1.0 years

Preference Stack Risk

severe

Funding Intensity

9200%

Total funding $56.4M vs estimated valuation $184M gives 31% preference overhang, meaning preferred stock holds significant liquidation preference.

Dilution Risk

high

Potential future fundraising could dilute common equity by ~20% given the company's high funding-to-revenue ratio.

Secondary Liquidity

limited

The June 2025 acquisition by Lifull Connect may provide a near-term exit, but employee equity liquidity post-acquisition depends on the deal structure and lock-up terms.

Sales & Business Development — 12 roles

Affiliates Sales — 1 role

Finance & Legal — 1 role

View all 29 open roles at Lamudi →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How will the integration with Lifull Connect impact Lamudi's growth trajectory and operational independence?”

  • 2

    “What is the company's current revenue mix between commissions and direct services, and how does that affect scalability?”

  • 3

    “What is the liquidation preference on the preferred shares, and when is the next expected liquidity event (IPO, secondary sale, or earnout)?”

Community

Valuation Sentiment

Our model estimates +19% 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.