+25%

est. 2Y upside i

HR TechSeries B

Rank

#1498

Sector

HR Tech

Est. Liquidity

~5Y

Data Quality

Data: Medium

Equity upside is modest at ~25% expected over 2 years, with high risk from incumbents and stagnant growth.

Last updated: July 3, 2026

Bull (10%)+100%

AI assistant launch could reaccelerate growth; exit multiple expands to 6x with IPO optimism, but capped at 100% per stage constraint. Revenue projected at $101.2M.

Base (45%)+49%

Moderate scenario: revenue flat at $83.6M, exit multiple converges to 4x, yielding 49% upside from $224M entry.

Bear (45%)-16%

Revenue declines 5% annually to $75.4M, exit multiple compresses to 2.5x on incumbent pressure, resulting in 16% loss.

Est. time to liquidity~5.0 years

Preference Stack Risk

moderate

Funding Intensity

1380%

Total preferred equity of $31M at 1x non-participating represents 13.8% of current valuation, providing modest downside protection.

Dilution Risk

low

No expected raise; any dilution from option pool expected to be minimal.

Secondary Liquidity

none

No secondary market activity detected; any equity is illiquid until a liquidity event.

Questions to Ask at the Interview

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

  • 1

    “How does SmashFly differentiate from Workday's recruiting module?”

  • 2

    “What is the current ARR growth rate and churn?”

  • 3

    “What is the timeline for liquidity (IPO or acquisition)?”

Community

Valuation Sentiment

Our model estimates +25% 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.