0%

est. 2Y upside i

Climate TechSeries B

Patch combines technology and carbon markets expertise to help companies build and execute their carbon credit strategies from end to end — channeling capital into critical climate solutions.

Rank

#2131

Sector

Climate Tech, Environmental Services, Enterprise Software

Est. Liquidity

~3Y

Data Quality

Data: Low

Patch operates in a promising climate tech space with a strong value proposition, but the lack of key financial data (revenue, growth rate, valuation) makes equity upside analysis highly uncertain.

Last updated: July 19, 2026

Bull (20%)0%

Bull case cannot be quantified due to missing valuation and revenue data.

Base (55%)0%

Base case cannot be quantified due to missing valuation and revenue data.

Bear (25%)-100%

Bear case assumes total loss if company fails to raise or exits below preference.

Est. time to liquidity~3.0 years

Preference Stack Risk

high

Funding Intensity

0%

Total funding of $81.5M implies significant preference overhang if valuation is in line with typical Series B ($150-250M).

Dilution Risk

high

No recent round in over 3 years suggests a down round or significant dilution may be needed.

Secondary Liquidity

none

No secondary market indicated; liquidity unlikely before exit.

View all 15 open roles at Patch →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “What is Patch's current annual recurring revenue and growth rate?”

  • 2

    “How does Patch plan to achieve profitability given the capital-intensive nature of carbon credit verification?”

  • 3

    “What is the current 409A valuation and what triggers a new round or secondary sale?”

Community

Valuation Sentiment

Our model estimates 0% 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.