-71%

est. 2Y upside i

Series A

Rank

#3502

Sector

Food Technology

Est. Liquidity

~5Y

Data Quality

Data: Low

Highly speculative equity with low confidence; expected downside ~71% over 2 years.

Last updated: July 19, 2026

Bull (20%)+46%

Exit multiple holds at 20x due to proprietary technology and IPO window; projected revenue $2.33M yields exit valuation $46.6M; after preference ($20.5M) and 20% dilution, common stock upside ~46%.

Base (55%)-100%

Multiple compresses to public comp range (1-2x); exit valuation $9.3M, well below total funding $20.5M; common stock recovers nothing.

Bear (25%)-100%

Market adoption fails, no further funding; company dissolves; common stock worthless.

Est. time to liquidity~5.0 years

Preference Stack Risk

severe

Funding Intensity

46%

Total funding $20.5M against assumed $45M entry valuation = 45.6% preference overhang

Dilution Risk

high

Likely Series B needed within 12-18 months; assume 20% dilution

Secondary Liquidity

none

No secondary market activity observed; illiquid until exit

Questions to Ask at the Interview

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

  • 1

    “How does Leaft Foods plan to scale commercial production of Rubisco protein to achieve meaningful revenue?”

  • 2

    “What are the unit economics (cost per kg) and how do they compare to soy or pea protein?”

  • 3

    “What is the expected timeline for a Series B or eventual liquidity event, and what is the company's policy on secondary sales for employees?”

Community

Valuation Sentiment

Our model estimates -71% 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.