Matera f.k.a. illicopro

matera.eu →

-64%

est. 2Y upside i

Vertical SaaSSeries B

Rank

#1893

Sector

PropTech

Est. Liquidity

~4Y

Data Quality

Data: Low

Matera operates in a growing PropTech market with a compelling value proposition, evidenced by strong customer satisfaction and cost savings.

Last updated: March 10, 2026

Bull (23%)+200%

Matera successfully expands across Europe, leveraging its strong customer satisfaction and cost-saving model to capture significant market share from traditional property managers. Aggressive growth to $75M+ ARR by 2028, coupled with a favorable PropTech market, drives a $495M valuation, resulting in common stock value of $376M after liquidation preferences.

Base (50%)+50%

Matera continues its steady growth in France and makes moderate inroads into new European markets. Revenue reaches $30M-$40M ARR by 2028, maintaining its competitive position against traditional players. This leads to a $247.5M valuation, with common stock holders seeing $128.5M after accounting for liquidation preferences.

Bear (27%)-70%

Increased competition from well-funded PropTech players or a slowdown in market adoption limits Matera's growth. Revenue stagnates or declines, leading to a down round or an exit at a valuation below $119M. Given the $119M in liquidation preferences, common stock holders would receive $0.

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Investors have contributed $119M in funding. At an estimated current valuation of $165M, $119M in liquidation preferences would be paid out to investors before common shareholders receive any value.

Dilution Risk

high

Given the significant funding already raised and the need for further growth and expansion, additional funding rounds are likely, which could lead to further dilution of common stock.

Secondary Liquidity

none

No information suggests an active secondary market or tender offers for Matera's shares at this time.

Questions to Ask at the Interview

Strategic questions based on Matera f.k.a. illicopro's data — designed to show you've done your homework.

  • 1

    “Given the significant capital raised to date, how does Matera plan to achieve a valuation that provides substantial returns for common shareholders, especially considering the liquidation preferences?”

  • 2

    “With the European PropTech market being fragmented and traditional players slow to adapt, what specific strategies are in place to accelerate market penetration and fend off potential competition from larger real estate technology companies?”

  • 3

    “What is the company's current ARR and growth rate, and what is the projected timeline and strategy for a liquidity event for employees, such as an acquisition or IPO?”

Community

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.