Paces

+76%

est. 2Y upside i

Climate TechSeries A

Agentic AI for Power Projects and AI Infrastructure

Rank

#666

Sector

Climate Tech

Est. Liquidity

~4Y

Data Quality

Data: Low

Equity upside potential is moderate but uncertain.

Last updated: July 3, 2026

Bull (10%)+168%

AI tailwind drives sustained multiple of 7x. Revenue reaches $24.8M. IPO window opens, but not within 2 years.

Base (45%)+127%

Multiple converges to 6x. Revenue grows to $24.8M. Moderate competition from incumbents limits multiple expansion.

Bear (45%)+4%

Multiple compresses to 3x due to incumbent threat. Revenue still grows but multiple decline offsets; preference stack absorbs some risk.

Est. time to liquidity~4.0 years

Preference Stack Risk

high

Funding Intensity

15000%

Total funding of $12.9M represents 21.4% of estimated valuation, creating a high preference overhang for common equity.

Dilution Risk

high

With ~13 months of runway from latest round, a Series B is likely within 18 months, diluting current equity by ~20%.

Secondary Liquidity

none

No secondary market activity; shares are illiquid until an exit event.

Questions to Ask at the Interview

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

1
“How does Paces plan to differentiate from Esri's ArcGIS and Enverus in the long term?”
2
“What is the primary growth driver for the next 24 months—new customer acquisition or upsell?”
3
“Given the current burn rate and funding, when is the next round expected and what dilution should employees anticipate?”

Our model estimates +76% upside. What do you think?

Anonymous. Do not share material non-public information.

Comments are reviewed before they appear publicly.

Loading comments...

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