Middesk
Middesk provides business identity verification and credential monitoring through its platform, featuring products like Identity and Agent.
Secondary Market Price
Secondary Market Price
How Middesk Measures Up
To help you manage your Middesk equity, Prospect has run the company through our machine learning model.
Prospect Rating
3X
Our rating suggests Middesk has the potential to be worth at least three times its current value in the next four years. For an employee with stock, this translates to a potential 3x return on your equity if the company achieves that valuation.
Exit Risk
High Risk
Our High Risk rating for Middesk is due to the significant competition it faces from well-established companies and the inherent challenges of scaling its team and product coverage quickly.
Funding Stage
Series B
As a Series B company, Middesk has a proven business model and is now focused on scaling up its operations. For a potential employee, this can be a sweet spot, offering more stability than an early-stage startup but with plenty of opportunities to make a significant impact on growth.
Secondary Market Price Chart
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Prospect Projected Future Middesk Prices
Prospect’s machine learning model has been trained on the same data top-tier investors use to project the likely range of outcomes for Middesk's equity. Create a free account to view 10th-90th percentile projections over 2, 4, and 6 years.
Powerful tools to earn more from your equity
Company Description
Middesk is a financial technology company that provides a platform for business identity verification and compliance management. Its primary offerings include the Identity product, which supplies financial services companies like Affirm, Brex, and Plaid with verified business data to streamline customer onboarding, and the Agent product, which helps employers manage business registration and compliance filings with state and federal agencies. The company was founded in 2019 by Kyle Mack and Kurt Ruppel, both of whom previously held management positions at background check company Checkr. Headquartered in San Francisco, Middesk participated in Y Combinator's Winter 2019 batch and is backed by investors such as Sequoia Capital, Accel Partners, and Y Combinator.
The company is focused on expanding its engineering capabilities and the scope of its identity products as it competes with established entities like Dun & Bradstreet. In 2022, Middesk raised a $57 million Series B funding round, which brought its total funding to approximately $80 million and its valuation to an estimated $500 million to $1 billion. One of its recent initiatives includes the launch of the inaugural Middesk Index, a quarterly report analyzing proprietary data on business formation trends in the United States. The company also actively participates in industry events such as FinovateFall and Money20/20.
- Sequoia Capital
- Accel
- Insight Partners
- Gaingels
- Canapi
- Co-Founder, CEO Kyle Mack
- Co-Founder, CTO Kurt Ruppel
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Middesk worth joining?
Middesk is a rapidly growing Series B startup backed by top investors like Sequoia, with a valuation between $500 million and $1 billion. To determine if it's the right fit for you, you can use a platform like Prospect to evaluate the potential value of your equity offer and compare it to other opportunities.
What should I do with my Middesk stock?
As a private company, your options for Middesk stock typically involve holding it, exercising your options, or selling in a secondary transaction if one is available. Prospect provides tools to help you create an optimized exercise strategy, minimize taxes, and understand the potential future value of your holdings.
Can you sell Middesk stock?
Selling stock in a private company like Middesk is possible through company-approved tender offers or on secondary markets, though these opportunities can be infrequent. Platforms like Prospect can help you track secondary market prices and provide tools to decide how much to sell during a tender offer.
How can I find the value of my Middesk stock?
The value of private stock is typically determined by the company's latest 409A valuation, which is used for tax purposes, or by recent prices on secondary markets. You can use Prospect's predictive models and equity calculators to get an independent projection of what your Middesk shares could be worth.
What is Middesk's equity worth?
Middesk's most recent company valuation is between $500 million and $1 billion, following its Series B funding round. The specific worth of your personal equity grant depends on the number of shares and the current valuation, which you can model using Prospect's equity tools.
What is Middesk's stock ticker symbol?
Middesk does not have a stock ticker symbol because it is a private company and its shares are not traded on a public stock exchange. Ticker symbols are only assigned to companies once they complete an Initial Public Offering (IPO).
Can I buy or sell Middesk stock?
As Middesk is a private company, its stock is not available for purchase by the general public on stock exchanges. Employees may be able to sell shares during specific events like tender offers, and Prospect offers tools to help navigate these opportunities.
What is the criteria to buy or invest in Middesk stock?
Investing in a private startup like Middesk is typically restricted to accredited investors participating in organized funding rounds or employees who receive equity as compensation. The general public cannot buy shares until the company goes public through an IPO.
