+17%

est. 2Y upside i

InsurTechHR TechAI & MLSeries A

AI agents for insurance and benefits

Rank

#3034

Sector

Insurtech, HR Tech, Artificial Intelligence

Est. Liquidity

~5Y

Data Quality

Data: Low

Pasito is a high-risk, high-uncertainty equity bet at Series A — the null revenue disclosure is the single biggest red flag; insist on ARR, NRR, and ACV figures before signing any offer.

Last updated: May 5, 2026

Bull (22%)+160%

Pasito becomes the de-facto AI workspace for carrier and broker benefits operations, landing 5+ enterprise expansions beyond its current New York Life and Sun Life relationships and crossing $15-20M ARR by 2028. A Series B or strategic acquisition prices equity at $250M+, delivering roughly 2.5x from the implied ~$100M Series A post-money valuation.

Base (38%)+25%

Pasito sustains ~40% growth and deepens relationships within its existing carrier/broker book, raising a Series B at ~$125M by late 2027. Common equity gains roughly 25% after accounting for the $26.2M preference overhang and typical 18-22% new-round dilution.

Bear (40%)-70%

Incumbents like Alight and Workday ship competing AI benefits modules leveraging their existing enterprise footprints, compressing Pasito's growth below 20% YoY and triggering churn among its 49-person team's highest-cost accounts. A flat or down Series B at $60-70M, layered on top of existing $26.2M in preferences, leaves common stock worth roughly 70% less than today's grant price.

Est. time to liquidity~5.0 years

Preference Stack Risk

high

Funding Intensity

26%

$26.2M in total liquidation preferences sit ahead of common stock against an estimated ~$100M post-money Series A valuation, representing approximately 26% of implied enterprise value.

Dilution Risk

high

As a Series A company, Pasito will almost certainly require at least one to two additional funding rounds before any liquidity event, each typically diluting common equity by 15-25% per round.

Secondary Liquidity

none

At Series A stage with 49 employees and no disclosed tender offer program, there is no realistic secondary market for Pasito common shares within a 2-year window.

Questions to Ask at the Interview

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

  • 1

    “What is your current ARR and net revenue retention rate, and how have both trended over the last four quarters as you've scaled the AI workspace platform?”

  • 2

    “How does your subscription pricing model scale — by plan complexity, covered lives, or seat count — and what is your average ACV across carrier, broker, and employer customer segments?”

  • 3

    “What is the fully diluted option pool size post-Series A, what strike price will my grant carry, and does the company have any secondary liquidity or tender-offer policy for employees?”

Community

Valuation Sentiment

Our model estimates +17% 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.