-11%

est. 2Y upside i

DevOps & InfraSeries A

Embedded integration platform for building native SaaS integrations

Rank

#2780

Sector

Developer Tools

Est. Liquidity

~5Y

Data Quality

Data: Low

Paragon offers a promising product in a hot market, but equity upside over 2 years is negative (~-10.5%) due to a stale $80M valuation and expected dilution from a necessary capital raise.

Last updated: July 19, 2026

Bull (30%)+36%

Paragon's growth sustains and multiples expand to 15x on $8.34M ARR, driven by integration infrastructure demand and potential IPO window. Upside 56.4% pre-dilution, 36.4% net of 20% dilution.

Base (45%)-16%

Multiple converges to public comp median of 10x, revenue reaches $8.34M. Upside 4.3% pre-dilution, -15.8% net of dilution due to expected fundraising.

Bear (25%)-58%

Multiple compresses to 6x amid slowing growth or competitive pressure, exit value $50M. Downside -37.5% pre-dilution, -57.5% net of dilution. Preference stack of $21.1M recovers partially but common suffers.

Est. time to liquidity~5.0 years
Adjusted for competitive dynamics: -22% (raw: -11%, adjustment: -11%)

Preference Stack Risk

high

Funding Intensity

26%

$21.1M preference overhang is 26.4% of current valuation, common stock faces significant senior claims.

Dilution Risk

high

With 153 employees and only $21.1M total funding, a Series B within 2 years is likely, diluting existing holders by ~20%.

Secondary Liquidity

none

No secondary market data available; liquidity likely via acquisition or IPO, not expected within 2 years.

Product — 1 role

View all 1 open roles at Paragon →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “What is Paragon's go-to-market strategy to differentiate from Workato and Zapier in embedded integrations?”

  • 2

    “How does the unit economics (gross margin 75%, ARR per customer $30-40k) improve as the company scales and targets larger enterprises?”

  • 3

    “Given the Series A funding 2 years ago and $21M total, what is the expected timeline for Series B and how will that impact employee equity?”

Community

Valuation Sentiment

Our model estimates -11% 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.