+9%

est. 2Y upside i

FinTechSeries B

Rank

#670

Sector

Fintech

Est. Liquidity

~3Y

Data Quality

Data: High

Ledgy demonstrates strong fundamentals with 65% YoY growth and profitability in the equity management sector.

Last updated: March 10, 2026

Bull (35%)+260%

Ledgy's continued strong growth (70% YoY) and successful market expansion, coupled with effective differentiation against competitors, drives ARR to nearly $29M and commands a 25x multiple, resulting in a $720M valuation.

Base (35%)+90%

Ledgy maintains its strong position in the mid-market, growing ARR at 60% YoY to ~$25.6M. A slight multiple compression to 15x results in a $380M valuation, reflecting solid execution in a competitive landscape.

Bear (30%)-60%

Intense competition from Carta and Shareworks by Morgan Stanley significantly slows Ledgy's growth to 15% YoY, pushing ARR to ~$13.2M. Multiple compression to 6x leads to a down round or acquisition at ~$80M, severely impacting common stock value due to liquidation preferences.

Est. time to liquidity~3.0 years

Preference Stack Risk

moderate

Investors hold $33.5M in liquidation preferences ahead of common stock, representing 16.75% of the estimated current valuation.

Dilution Risk

moderate

Given the Series B stage, 1-2 additional funding rounds are likely before a major liquidity event, which will cause further dilution for common shareholders.

Secondary Liquidity

limited

The strategic partnership with JP Jenkins provides a pathway for secondary liquidity, but an active and robust secondary market for employee shares is not yet established.

View all 7 open roles at Ledgy →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “Given the strong market presence of competitors like Carta and Shareworks by Morgan Stanley, what are Ledgy's key strategic differentiators that will enable it to capture significant market share and maintain pricing power over the next 2-3 years?”

  • 2

    “With ~$10M ARR and 65% YoY growth, what are the primary levers Ledgy plans to pull to scale revenue to $50M+ over the next two years, and how will profitability be maintained during this expansion?”

  • 3

    “Considering Ledgy's Series B funding and the typical timeline for liquidity events, what is the company's perspective on the path to IPO or acquisition, and how does the equity plan account for potential future dilution?”

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Valuation Sentiment

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.