-14%

est. 2Y upside i

FinTechSeries A

Trullion is an AI-powered accounting automation platform that uses AI to automate workflows for accounting and audit teams. Their platform helps businesses in remaining compliant, working faster, and improving accuracy.

Rank

#2634

Sector

Fintech

Est. Liquidity

~4Y

Data Quality

Data: Low

Equity upside is highly uncertain due to missing valuation data.

Last updated: July 3, 2026

Bull (10%)+130%

Bull case: Revenue reaches $15.6M by 2026 with exit multiple holding at 8x, yielding $124.8M exit. After 20% dilution, net upside 130%. Driven by AI adoption and regulatory tailwinds.

Base (60%)+5%

Base case: Revenue grows to $15.6M but multiple compresses to 4x, exit value $62.4M. After dilution, net upside 5%. Competitive pressure and slow growth cap gains.

Bear (30%)-100%

Bear case: Revenue stalls, exit multiple falls to 2x, exit value $31.2M below $34M preference stack. Common stock worth zero, -100% loss. Incumbent competition and funding crunch.

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Funding Intensity

6800%

Total funding $34M exceeds assumed entry valuation $50M, resulting in 68% preference overhang that fully absorbs common equity in bear case.

Dilution Risk

high

Likely follow-on round within 24 months given stale funding (April 2023) and high burn; assumed 20% dilution.

Secondary Liquidity

none

No secondary market data available, likely no liquidity for employee shares.

Questions to Ask at the Interview

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

  • 1

    “What is your current valuation and when was it last set?”

  • 2

    “What is your year-over-year revenue growth rate and path to profitability?”

  • 3

    “How do you differentiate from ERP incumbents like NetSuite and BlackLine?”

Community

Valuation Sentiment

Our model estimates -14% 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.