-5%

est. 2Y upside i

ProductivitySeries A

Rank

#2440

Sector

Productivity Software

Est. Liquidity

~2Y

Data Quality

Data: Low

Proceed with extreme caution.

Last updated: July 3, 2026

Bull (10%)+20%

If Trello gains market share via Atlassian integration or product innovation, valuation could reach ~$510M (20% upside). Low probability due to critical incumbent threat.

Base (55%)0%

Stable but stagnant: valuation holds at $425M as growth offsets competitive pressure. Likely outcome given mature product and parent company distractions.

Bear (35%)-20%

Increased competition from Microsoft/Google and security issues compress valuation to ~$340M (-20% downside). Higher probability due to critical incumbent threat and recent parent layoffs.

Est. time to liquidity~2.0 years

Preference Stack Risk

low

Funding Intensity

2%

Total preferred funding of $10.3M is only 2.4% of valuation; common stock not significantly diluted.

Dilution Risk

low

No recent raises; as a subsidiary, further equity issuance for Trello is unlikely.

Secondary Liquidity

none

No secondary market reported; equity is illiquid until a company event.

Questions to Ask at the Interview

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

  • 1

    “How does Trello plan to differentiate from Microsoft Planner and Google Workspace in the next 2 years?”

  • 2

    “What is the current revenue run rate and growth trajectory?”

  • 3

    “Given Atlassian's recent layoffs, what is the strategic priority for Trello within the parent company?”

Community

Valuation Sentiment

Our model estimates -5% 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.