-15%

est. 2Y upside i

AI & MLSeries B

Rank

#3245

Sector

Logistics Tech / Supply Chain Tech / AI SaaS

Est. Liquidity

~4Y

Data Quality

Data: Low

Equity upside is highly uncertain due to lack of financial data; expected 2-year return is negative (-15% probability-weighted) given high incumbent risk and stale valuation.

Last updated: July 3, 2026

Bull (15%)+100%

Raft achieves category leadership in AI logistics, IPO window opens, and multiple expands to 12x on $18M revenue yielding $216M exit; net of 20% dilution + preference, upside ~100%.

Base (55%)-20%

Revenue grows to $12M but multiple compresses to 6x from incumbent pressure, exit value $72M; after preference stack common recovers only 80% of investment, yielding -20%.

Bear (30%)-100%

WiseTech and Descartes stifle growth, revenue stagnates, and exit below $45M total funding; preference stack wipes out common entirely, -100% return.

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Funding Intensity

4500%

Total funding of $45M vs. estimated $100M valuation suggests ~45% preference overhang, severely diluting common in downside.

Dilution Risk

high

No raise since 2023; likely need to raise within 12-18 months, adding 20-30% dilution for employees.

Secondary Liquidity

none

No secondary market liquidity; equity is illiquid until exit.

Other — 19 roles

View all 19 open roles at Raft →

Last updated: February 22, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Raft's AI differentiate from in-house platforms being built by DSV and other large logistics firms?”

  • 2

    “What is the unit economics per freight forwarder customer and how does it scale?”

  • 3

    “What is the typical exit timeline for a Series B logistics AI startup, and how does the liquidation preference affect employee equity?”

Community

Valuation Sentiment

Our model estimates -15% 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.