+114%

est. 2Y upside i

Series A

Automated ERP for distributors.

Rank

#334

Sector

ERP Software

Est. Liquidity

~2Y

Data Quality

Data: Low

The equity upside potential is high (~113% expected) but comes with severe risk from preference overhang and likely dilution.

Last updated: July 4, 2026

Bull (30%)+289%

Revenue reaches $9.6M by month 24 with exit multiple at 10x (expansion due to IPO window or category leadership). After preference stack ($22M) and 20% dilution, common stock sees 288.9% upside from $18M entry.

Base (45%)+76%

Revenue reaches $9.6M with exit multiple converging to 6x (within comp range). After preference and dilution, common stock returns 76.4%.

Bear (25%)-30%

Revenue grows slower or multiple compresses to 4x. Exit value of $38.2M leaves $16.2M for common after preference, yielding -29.8% after dilution.

Est. time to liquidity~2.0 years

Preference Stack Risk

severe

Funding Intensity

367%

Total funding of $22M exceeds current valuation of $18M, implying common stock is deeply underwater.

Dilution Risk

high

Last round was Feb 2023; with $6M ARR and likely burn, a down round or additional funding is probable within 24 months.

Secondary Liquidity

none

No secondary market activity noted.

Questions to Ask at the Interview

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

  • 1

    “How does Recurrency's AI-powered automation differentiate from incumbents like Infor and Acumatica, and what are the key barriers to switching?”

  • 2

    “What is the company's current ARR growth rate and path to profitability given the $22M preference overhang?”

  • 3

    “Given the severe preference stack, how does the company plan to provide liquidity for common stockholders in the next 2-3 years?”

Community

Valuation Sentiment

Our model estimates +114% 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.