+7%

est. 2Y upside i

FinTechSeries B

Rank

#1893

Sector

Fintech

Est. Liquidity

~4Y

Data Quality

Data: Medium

Ledgy offers moderate upside (6.5% expected) over 2 years, but the stale valuation and high preference overhang add risk.

Last updated: July 19, 2026

Bull (30%)+54%

Growth holds at 65% and exits at 10x forward revenue ($193M market cap) driven by IPO window and European category leadership. Upside 54% from estimated entry valuation.

Base (45%)+8%

Growth slows to 33% in year 2, exit multiple converges to 7x ($135M), yielding 8% upside. Profitable operations support stability.

Bear (25%)-54%

Growth disappoints, multiple compresses to 3x ($58M) due to incumbent pressure from Carta/Shareworks. Common stock return negative 54% even after preference recovery.

Est. time to liquidity~4.0 years

Preference Stack Risk

high

Funding Intensity

2680%

Total funding $33.5M against $125M valuation gives 27% preference overhang; common stock is diluted below preferred.

Dilution Risk

low

Company is profitable and likely self-sustaining; no near-term raise expected.

Secondary Liquidity

none

No secondary transactions detected; no secondary implied valuation available.

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

    “How does Ledgy's multi-jurisdictional compliance engine create a moat against Carta and Shareworks?”

  • 2

    “What is the revenue retention rate and expansion revenue from existing customers?”

  • 3

    “Given the 3-year-old Series B valuation, what is the current 409A valuation and how does it affect option strike price?”

Community

Valuation Sentiment

Our model estimates +7% 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.