-72%

est. 2Y upside i

Climate TechSeries B

Quilt creates home climate systems designed to move humanity off fossil fuels. As the smartest way to heat and cool your home, Quilt blends seamlessly into any home environment, offering intuitive room-by-room control, occupancy awareness for unmatched energy efficiency, and predictive technology.

Rank

#3324

Sector

Climate Tech, Smart Home, HVAC

Est. Liquidity

~4Y

Data Quality

Data: Medium

Quilt presents a moderate upside opportunity (estimated 18.5% over 2 years) for a job seeker, driven by its innovative, software-centric approach in the growing climate tech and smart home HVAC market.

Last updated: March 10, 2026

Bull (15%)+200%

Quilt rapidly expands its certified partner program and captures significant market share in key regions, leveraging government incentives and its software-defined approach to drive recurring revenue. This pushes revenue to $13.2M by 2028 and justifies a $660M valuation at a 50x multiple, representing a 200% upside from the current estimated valuation.

Base (40%)+50%

Quilt continues to grow steadily, expanding its product line and gaining traction in the smart home HVAC market, but faces persistent competition from incumbents. Revenue reaches $4.4M by 2028, leading to a $330M valuation at a 75x multiple, a 50% upside from the current estimated valuation.

Bear (45%)-70%

Aggressive competition from incumbents like Carrier and Trane, coupled with slower-than-expected adoption of ductless heat pumps, limits Quilt's growth. Revenue stagnates at $2.5M by 2028, and a compressed 26.4x revenue multiple results in a $66M valuation, wiping out most common stock value due to the $62M liquidation preferences.

Est. time to liquidity~4.0 years

Preference Stack Risk

high

$62M in total funding means investors hold significant liquidation preferences, potentially taking the first $62M in an exit, leaving little for common shareholders if the exit is at or below the estimated $220M current valuation.

Dilution Risk

moderate

As a Series B company, Quilt will likely require at least one to two more funding rounds before a potential IPO or acquisition, leading to further dilution for existing equity holders.

Secondary Liquidity

none

There is no indication of active secondary markets or tender offers for Quilt's equity at this stage, limiting early liquidity options.

Other — 3 roles

View all 3 open roles at Quilt →

Last updated: February 22, 2026

Questions to Ask at the Interview

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

  • 1

    “Given the strong market presence of incumbents like Carrier and Trane, how does Quilt plan to scale its distribution and installation network to compete effectively beyond its current partner program?”

  • 2

    “With current revenue at approximately $2M and a focus on hardware sales, what is the strategic roadmap for significantly increasing the recurring software revenue component to improve gross margins and valuation multiples?”

  • 3

    “As a Series B company with $62M in total funding, how does Quilt envision its path to a liquidity event (IPO or acquisition) within the next 3-5 years, and what are the key milestones to achieve that?”

Community

Valuation Sentiment

Our model estimates -72% 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.