-65%

est. 2Y upside i

ProductivitySeries C

Online collaborative whiteboard platform for distributed teams

Rank

#3452

Sector

Visual Collaboration Platforms

Est. Liquidity

~3Y

Data Quality

Data: Medium

The equity upside is deeply negative over a 2-year horizon due to a stale $17.5B valuation and inevitable multiple compression.

Last updated: July 21, 2026

Bull (15%)-45%

Exit multiple holds at 10x due to a favorable IPO window and category leadership. Projected revenue of $833M yields $8.33B exit value, but after 15% dilution, upside is -44.5% from $17.5B entry.

Base (45%)-65%

Exit multiple compresses to 5x, converging with public comps (3x-8x). Projected revenue of $833M yields $4.17B exit, and with 15% dilution, upside is -64.8%.

Bear (40%)-73%

Exit multiple drops to 3x, below the comp range, due to intense competition from incumbents like Microsoft and Zoom. $2.5B exit value after 15% dilution yields -72.8%.

Est. time to liquidity~2.5 years
Adjusted for competitive dynamics: -66% (raw: -65%, adjustment: -1%)

Preference Stack Risk

low

Funding Intensity

272%

Total preferred funding of $476M against $17.5B valuation gives 2.7% overhang, providing minimal protection to common in downside.

Dilution Risk

moderate

Assuming 15% dilution from a potential future round, given profitable operations reduces need but stale valuation may force a down round.

Secondary Liquidity

none

No secondary market activity reported; liquidity unlikely until IPO or acquisition.

Other — 35 roles

View all 35 open roles at Miro →

Last updated: July 3, 2026

Questions to Ask at the Interview

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

  • 1

    “How will Miro maintain its competitive edge against Microsoft Loop and Zoom Whiteboard?”

  • 2

    “What drives Miro's gross margin sustainability given its freemium model?”

  • 3

    “What is your expected timeline to liquidity and how does that align with the company's IPO plans?”

Community

Valuation Sentiment

Our model estimates -65% 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.