-46%

est. 2Y upside i

Series A

Partly's mission is to connect the world's parts and we're doing that by building the first global platform for replacement parts, starting with auto parts. Our big vision is to accelerate the world towards a sustainable future where waste is eliminated and all replacement parts are universally searchable, accessible and available to all.

Rank

#298

Sector

Automotive Software

Est. Liquidity

~6Y

Data Quality

Data: Medium

Partly operates in a massive, underserved auto parts market with a strong proprietary data moat, positioning it for significant growth.

Last updated: March 10, 2026

Bull (30%)+400%

Partly successfully expands its PartsPal SaaS and emerging marketplace, becoming the dominant digital infrastructure for the global auto parts supply chain. Revenue grows to $100M+ by 2028, justifying a 5x valuation ($550M) as it captures significant market share from the $380B SAM.

Base (45%)+75%

Partly continues to grow its SaaS subscriptions and API access, establishing itself as a key player in specific segments of the auto parts market. Revenue reaches $40M-$50M by 2028, leading to a modest valuation increase to $192.5M (1.75x current) as it approaches profitability.

Bear (25%)-90%

Competition intensifies from existing PIM/ERP players or new entrants, or the market adoption of digital solutions is slower than expected. Partly struggles to achieve profitability, requiring a down round or acquisition at a significantly reduced valuation of $11M (a 90% drop), effectively wiping out common equity due to $41M in liquidation preferences.

Est. time to liquidity~6.0 years

Preference Stack Risk

severe

Funding Intensity

38%

Investors hold $41M in liquidation preferences ahead of common stock. In an exit at or below $110M, common stock holders would be significantly impacted, potentially receiving little to nothing.

Dilution Risk

high

As a Series A company not yet profitable, Partly will likely require additional funding rounds (Series B, C, etc.) before a liquidity event, which will lead to further dilution for current equity holders.

Secondary Liquidity

none

There is no indication of an active secondary market or tender offers for Partly's equity at this early stage.

View all 3 open roles at Partly →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “Partly's competitive moat is described as strong due to its proprietary global vehicle and parts fitment database. How do you plan to continuously expand and defend this data advantage against potential new entrants or larger tech companies that might try to build similar databases?”

  • 2

    “With $12M in revenue and a hybrid model of SaaS subscriptions and marketplace commissions, what are the key growth levers you anticipate will drive revenue to profitability, and how do you prioritize investment between the PartsPal SaaS and the emerging marketplace?”

  • 3

    “Given the Series A funding and the company's current stage, what is the anticipated timeline for future funding rounds and a potential liquidity event, and how does the company communicate equity value and potential dilution to employees?”

Community

Valuation Sentiment

Our model estimates -46% 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.