-96%

est. 2Y upside i

Series B

Rank

#4389

Sector

Augmented Reality, Social Platforms

Est. Liquidity

~0Y

Data Quality

Data: Medium

This analysis is retrospective, as Ubiquity6 was acquired by Discord in June 2021.

Last updated: March 10, 2026

Bull (10%)+100%

Ubiquity6 is acquired by Discord for an estimated $65M, providing a 100% return for common shareholders on a hypothetical $27M valuation after covering the $38M in liquidation preferences, driven by the strategic value of its AR technology and team to Discord's social platform expansion.

Base (45%)-90%

Ubiquity6 is acquired by Discord for an estimated $40.7M, a price point that primarily covers the $38M in liquidation preferences, leaving only $2.7M for common shareholders (a -90% return on a hypothetical $27M common share valuation) due to the undisclosed acquisition price and prior struggles with mass adoption.

Bear (45%)-100%

Ubiquity6 fails to find a suitable acquirer or is acquired for a nominal sum at or below its $38M liquidation preferences, effectively wiping out all value for common shareholders as its AR platform struggles to gain traction against dominant incumbents.

Est. time to liquidity~0.0 years

Preference Stack Risk

severe

Investors held $38M in liquidation preferences, significantly exceeding the hypothetical $27M valuation, meaning common shareholders would receive nothing in an exit at or below this valuation.

Dilution Risk

high

With $38M in funding, a significant exit multiple of funding would have been required to provide meaningful returns to common shareholders after preferences.

Secondary Liquidity

none

For a company of Ubiquity6's size and stage prior to acquisition, active secondary markets or tender offers were unlikely.

Careers CAREERS — 1 role

View all 1 open roles at Ubiquity6 →

Last updated: February 22, 2026

Questions to Ask at the Interview

Strategic questions based on Ubiquity6's data — designed to show you've done your homework.

  • 1

    “Given Ubiquity6's acquisition by Discord, how has the original vision for shared AR experiences evolved and been integrated into Discord's broader platform strategy?”

  • 2

    “Prior to the acquisition, Ubiquity6 faced significant incumbent threats from companies like Apple and Google in the AR space. What lessons were learned from navigating that competitive landscape that are now applied within Discord?”

  • 3

    “Considering the undisclosed acquisition price and the prior funding rounds of Ubiquity6, how does Discord structure equity for acquired teams to ensure alignment and retention post-acquisition?”

Community

Valuation Sentiment

Our model estimates -96% 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.