-47%

est. 2Y upside i

AI & MLSeries C

Laurel is the world’s first AI Time platform for professional services firms. The company's AI transforms how organizations track, analyze, describe, and optimize their most valuable resource: time. By automating work time and connecting time data to business outcomes, Laurel enables firms to increase profitability, improve client delivery, and make data-driven strategic decisions.

Rank

#3228

Sector

AI & Machine Learning, Professional Services Software

Est. Liquidity

~2Y

Data Quality

Data: Medium

The equity is unlikely to produce positive returns over a 2-year horizon: at a 12.3x multiple on $41M ARR with just 3% growth, the base case converges to public comps (~$323M exit, -37%), while the bear case falls below the $236M preferred stack (-100%).

Last updated: August 4, 2026

Bull (25%)+10%

AI category leadership, Workday/SurePoint partnerships, and an IPO window support a 13x forward revenue multiple on ~$43M ARR, yielding a ~$560M exit and +9.7% upside. This requires sustained growth acceleration despite the current 3% YoY.

Base (40%)-37%

Multiple converges to 7.5x (within the 6x-9x public comp range) on ~$43M ARR, implying a ~$323M exit, -36.7% from $510M. The preference stack erodes much of any common recovery.

Bear (35%)-100%

Multiple compresses to 4x (~$172M exit), below the $236M liquidation preference; common stock is wiped out (≈-100%). Slowing growth and a weak IPO market would trigger this.

Est. time to liquidity~2.0 years

Preference Stack Risk

severe

Funding Intensity

4630%

$236M of preferred liquidation preference sits ahead of common, equal to 46% of the $510M valuation.

Dilution Risk

low

Profitable and just raised $100M in Aug 2025; no likely raise within 24 months, so no dilution haircut applied.

Secondary Liquidity

none

No secondary-implied valuation or active market; liquidity tied to IPO/M&A.

Operations 4 roles

Product 3 roles

Customer Success (CX) 2 roles

Data 2 roles

Engineering 2 roles

GTM/Revenue 2 roles

Marketing 1 role

View all 16 open roles at Laurel

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    What is driving the reported 3% YoY growth, and what is the target ARR in 24 months?

  • 2

    How do you plan to expand beyond legal and accounting into other professional services verticals?

  • 3

    What is the exact cap table, preference stack, and any employee secondary-liquidity plan?

Community

Valuation Sentiment

Our model estimates -47% 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.