-83%

est. 2Y upside i

FinTechSeries C

Bookkeeping tax and CFO services platform for startups and small businesses

Rank

#4343

Sector

Fintech / B2B SaaS

Est. Liquidity

~4Y

Data Quality

Data: Medium

$1.2B valuation 5 years stale.

Last updated: March 21, 2026

Bull (15%)+80%

AI transition improves margins to 65%+; $100M ARR; acquired at 8-10x.

Base (50%)-50%

Down round $600-800M; M&A at $500-700M; preferences absorb most.

Bear (35%)-100%

AI commoditizes bookkeeping; follows Bench trajectory.

Est. time to liquidity~4.0 years

Preference Stack Risk

high

Funding Intensity

19%

$222M on $1.2B (18.5%); at $500-700M exit, prefs absorb 32-44%.

Dilution Risk

high

Down round likely; anti-dilution provisions.

Secondary Liquidity

none

No secondary market.

Questions to Ask at the Interview

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

  • 1

    “Current ARR and growth?”

  • 2

    “Any raise planned since 2021?”

  • 3

    “Gross margin trend with AI automation?”

Cluster Peers

Expected Upside

Pigment
-41%
Pilot
-83%

Community

Valuation Sentiment

Our model estimates -83% 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.