+119%

est. 2Y upside i

Climate TechSeries A

Water risk mitigation for industrial sites

Rank

#312

Sector

Climate Tech

Est. Liquidity

~4Y

Data Quality

Data: Medium

Waterplan offers a 119% expected 2-year upside from its current $150M secondary valuation, driven by strong 82% growth and regulatory tailwinds.

Last updated: July 3, 2026

Bull (20%)+263%

Exit multiple expands to 10x on IPO window and category leadership, driven by regulatory tailwinds (CSRD, ESRS). Revenue reaches $57.5M, exit value $575M, net of 20% dilution yields 263% upside.

Base (35%)+148%

Exit multiple converges to 7x in line with public comps. Revenue grows to $57.5M, exit value $402.5M, net of 20% dilution yields 148% upside.

Bear (45%)+33%

Exit multiple compresses to 4x due to incumbent competition from Sphera and S&P Global. Revenue reaches $57.5M, exit value $230M, net of 20% dilution yields 33% upside.

Est. time to liquidity~4.0 years

Preference Stack Risk

moderate

Funding Intensity

12%

Total preferred liquidation preference of $18.5M represents 12.3% of current valuation, moderate risk in downside scenarios.

Dilution Risk

high

Given high growth and $18.5M total funding, additional capital likely needed, diluting common stock by ~20%.

Secondary Liquidity

none

No known secondary programs for employees; liquidity only via exit or company buyback.

View all 2 open roles at Waterplan

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    How does Waterplan's AI-driven data differentiate from growing incumbent ESG platforms? (strategic)

  • 2

    What is the unit economics and customer retention rate? (business model)

  • 3

    Given the Series A state and strong growth, what is the expected dilution in future rounds? (equity/career)

Community

Valuation Sentiment

Our model estimates +119% 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.