Matera f.k.a. illicopro

matera.eu →

+23%

est. 2Y upside i

Vertical SaaSSeries D+

Rank

#1538

Sector

PropTech

Est. Liquidity

~3Y

Data Quality

Data: Low

Matera's equity offers a 22.6% expected upside over 2 years, but with high risk due to a severe preference stack and stale valuation.

Last updated: July 19, 2026

Bull (30%)+98%

Matera successfully expands into new European markets and launches AI features, driving high growth and sustaining an 8x revenue multiple through an IPO window, leading to a $224M exit.

Base (50%)+23%

Matera grows steadily but multiples compress to 6x in line with public SaaS comps, resulting in a $168M exit.

Bear (20%)-90%

Growth stagnates due to competition and market saturation, multiple contracts to 3x, exit value $84M, common stock value collapses due to preference leverage.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Funding Intensity

47%

Total funding $65.7M represents 75% of the estimated $140M valuation, so preferred shareholders hold a large liquidation preference.

Dilution Risk

moderate

Further fundraising is likely to support expansion, potentially diluting existing common shareholders by 15-25%.

Secondary Liquidity

none

No secondary market transactions have been reported.

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

    “How does Matera's unit economics compare to public PropTech SaaS companies like AppFolio?”

  • 2

    “What is the expected timeline for international expansion and its impact on cash flow?”

  • 3

    “How does the preference stack influence the board's decision-making on exit strategy?”

Community

Valuation Sentiment

Our model estimates +23% 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.