+108%

est. 2Y upside i

Series B

Workforce Management for Large Farms

Rank

#380

Sector

AgTech / Business Software

Est. Liquidity

~5Y

Data Quality

Data: Low

PickTrace offers a modest expected equity upside of ~108% over two years, but risks are elevated: a stale valuation, negative common equity in downside scenarios due to a large preference stack ($48.2M funding vs $24.8M valuation), and unclear growth.

Last updated: July 19, 2026

Bull (20%)+272%

Exit multiple expands to 10x forward revenue on a strong IPO market or category leadership; projected $11.55M revenue yields $115.5M exit, netting ~272% upside after 20% dilution.

Base (55%)+142%

Exit multiple converges to ~6.5x (comp mid); $11.55M revenue yields $75.1M exit, netting ~142% upside after 20% dilution.

Bear (25%)-100%

Exit multiple compresses to 3x; $34.65M exit is below $48.2M total funding, so common stock recovers -100% due to 1x non-participating preference.

Est. time to liquidity~5.0 years

Preference Stack Risk

severe

Funding Intensity

194%

Total funding of $48.2M exceeds current valuation of $24.8M, meaning any exit below $48.2M yields zero for common stock.

Dilution Risk

high

Company likely needs additional capital within 2 years, potentially diluting existing common by ~20%.

Secondary Liquidity

none

No secondary market activity reported; employees likely have no liquidity until exit.

Customer Experience — 1 role

View all 1 open roles at PickTrace →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How does PickTrace plan to expand beyond the US and its current customer base in berries, citrus, and apples?”

  • 2

    “What is the company's path to profitability and how does it plan to manage its capital efficiency given $48.2M in total funding?”

  • 3

    “What liquidity events are anticipated (IPO or M&A), and what is the typical timeline for employee equity to become liquid?”

Community

Valuation Sentiment

Our model estimates +108% 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.