Companies · Telecommunications

Ac Holdco Llc

ITASCA · Telecommunications

Diligence memoA one-page analyst read on Ac Holdco Llc — recommendation, valuation, rhythm, risks.
$564.6M
Total raised · real
9
Rounds
1.1×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Thu Dec 31 2009 00:00:00 GMT+0000 (Coordinated Universal Time)

Ac Holdco Llc has raised $565M over 9 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the telecom sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Dormant
  • Last raise 16.5 yr ago; this sector typically re-raises about every 10 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Ac Holdco Llc behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
17.4 yr record
Peak capital year was 2009 with $564.6M across 9 filings.
Market position
ahead of 99% of Telecommunications peers
Capital scale is ahead of 99% of Telecommunications peers; modeled value is above 95% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2009: $564.6M across 9 filings.
  • Largest single filing was $122.8M on 2009-04-02.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Telecommunications

Ac Holdco Llc is one of 929 Telecommunications companies tracked from ITASCA. By capital raised it ranks among the largest (ahead of 99% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3B$2.5B$3.8B$5.0BSeries C · 2009-02-12 Raised $60M (real) Modeled valuation $1.2B (est)Series C2009Series D+ · 2009-04-02 Raised $123M (real) Modeled valuation $2.5B (est)Series D+2009Series D+ · 2009-08-11 Raised $15M (real) Modeled valuation $300M (est)Series D+2009Series D+ · 2009-09-15 Raised $35M (real) Modeled valuation $700M (est)Series D+2009Series D+ · 2009-10-27 Raised $75M (real) Modeled valuation $1.5B (est)Series D+2009Series D+ · 2009-11-25 Raised $115M (real) Modeled valuation $2.3B (est)Series D+2009Series D+ · 2009-12-31 Raised $65M (real) Modeled valuation $1.3B (est)Series D+2009Series D+ · 2009-12-31 Raised $37M (real) Modeled valuation $732M (est)Series D+2009Series D+ · 2009-12-31 Raised $40M (real) Modeled valuation $802M (est)Series D+2009+$123M+$15M+$35M+$75M+$115M+$65M+$37M+$40MCumulative $565M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series C$60.0M · 2009
Series D+$122.8M · 2009
Series D+ extension$15.0M · 2009
Series D+ extension$35.0M · 2009
Series D+ extension$75.0M · 2009
Series D+ extension$115.0M · 2009
Series D+ extension$65.1M · 2009
Series D+ extension$36.6M · 2009
Series D+ extension$40.1M · 2009

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$1.3B
Base estimate est.
$357.9M
Conservative case
$2.9B
Upside case
$542.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the telecom sector profile. Directional, not a quoted figure.

Series C · modeled $1.2B · 2009-02-122009Series D+ · modeled $2.5B · 2009-04-02Series D+ · modeled $299.8M · 2009-08-11Series D+ · modeled $699.6M · 2009-09-15Series D+ · modeled $1.5B · 2009-10-27Series D+ · modeled $2.3B · 2009-11-25Series D+ · modeled $1.3B · 2009-12-31Series D+ · modeled $731.8M · 2009-12-31Series D+ · modeled $801.7M · 2009-12-312009
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
83%
Survival probability
66% low · 91% high
1.20×/yr
Annual markup
1.34×/yr upside case
6.0 yr
Elapsed time used
16.5 yr actual, capped for stale marks
telecom
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
1 mo
Avg between rounds
$640.5M/yr
Capital velocity
17.4 yr
On record since
2009
First round
9
Rounds on file
How it compares to the market

Benchmarked against 929 companies in Telecommunications. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 143× above median
This company$564.6M
Sector median$4.0M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.3× of median
This company$40.1M
Sector median$135.9M
Modeled value — vs sector median (estimate, all stages) 46× above median
This company$1.3B
Sector median$28.3M

Raised more than 99% of sector peers (real $). Modeled value above 95% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$100.0B$100.0M$1.0BCapital raised (log)Nextg Networks Inc · Series D+ Raised $360.1M · modeled $7.2B (est)Broadsoft Inc · Series D+ Raised $121.5M · modeled $32.3M (est)Ac Holdco Llc (this company) Raised $564.6M · modeled $1.3B (est)Ac Holdco Llc
CompanyStageRaised · realValue · estvs peer med.
Nextg Networks IncSeries D+$360.1M$7.2B5.53×
Ac Holdco Llc this companySeries D+$564.6M$1.3B1.00×
Broadsoft IncSeries D+$121.5M$32.3M0.02×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series C$60.0M2009-02-12$400.0M$1.2B90%
Series D+$122.8M2009-04-02$1.0B$2.5B90%
Series D+$15.0M2009-08-11$125.0M$299.8M90%
Series D+$35.0M2009-09-15$291.7M$699.6M90%
Series D+$75.0M2009-10-27$625.0M$1.5B90%
Series D+$115.0M2009-11-25$958.3M$2.3B90%
Series D+$65.1M2009-12-31$542.6M$1.3B90%
Series D+$36.6M2009-12-31$305.1M$731.8M90%
Series D+$40.1M2009-12-31$334.2M$801.7M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series C$60.0M2009-02-12
    • First recorded raise — entered as Series C.
  2. Series D+$122.8M2009-04-02
    • Came back fast: 2 mo vs the ~10 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
  3. Series D+$15.0M2009-08-11
    • Came back fast: 4 mo vs the ~10 mo sector norm.
    • Round 8.2× smaller than the prior — bridge or down round.
  4. Series D+$35.0M2009-09-15
    • Came back fast: 1 mo vs the ~10 mo sector norm.
    • Round 2.3× larger than the prior — scaling up.
  5. Series D+$75.0M2009-10-27
    • Came back fast: 1 mo vs the ~10 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
  6. Series D+$115.0M2009-11-25
    • Came back fast: 1 mo vs the ~10 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
  7. Series D+$65.1M2009-12-31
    • Came back fast: 1 mo vs the ~10 mo sector norm.
    • Round 1.8× smaller than the prior — bridge or down round.
  8. Series D+$36.6M2009-12-31
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.8× smaller than the prior — bridge or down round.
  9. Series D+$40.1M2009-12-31
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
Intelligence
2010 ~Q1
Modeled next raise · ~1mo cadence
$43.9M
Modeled next size est.range $40.1M$70.3M
1.1×
Last step-up
$640.5M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Donald Wagner2 other2009-02
Jack Blumenstein2 other2009-02
Oakleigh Thorne2 other2009-02
Ron LeMay1 other2009-02
Charles Townsend2009-12
Christopher Minnetian2009-02
Harris Williams2009-12
Lawrence Lavine2009-02
Marguerite Elias2009-02
Michael Small2009-12
Reid Simpson2009-02
Robert Crandall2009-02
Registry & provenance

Ac Holdco Llc is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1426930
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Fuze, Inc.TelecommunicationsSeries D+$491.3M$247.7Msame sector · same stage
Gray Media, IncTelecommunicationsSeries D+$250.0M$1.9Bsame sector · same stage
SmartSky Networks, LLCTelecommunicationsSeries D+$234.7M$860.7Msame sector · same stage
Green Energy Global IncTelecommunicationsSeries D+$226.0M$1.8Bsame sector · same stage
eRECYCLING GROUP, INC.OtherSeries D+$326.1M$88.7Mnetwork1 shared operator · same stage
VFN Holdings, Inc.TelecommunicationsSeries D+$188.0M$919.0Msame sector · same stage
LTS Co-Invest Blocker II LLCTelecommunicationsSeries D+$181.4M$611.0Msame sector · same stage
GTT Communications, Inc.TelecommunicationsGrowth/Late$592.6M$85.8Msame sector
Frequently asked
How much funding has Ac Holdco Llc raised?
Ac Holdco Llc has raised approximately $564.6M in disclosed capital across 9 recorded financing rounds, aggregated from public filings.
What is Ac Holdco Llc's estimated valuation?
Provath's modeled valuation for Ac Holdco Llc is approximately $1.3B (modeled range $357.9M–$2.9B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Ac Holdco Llc at?
Ac Holdco Llc's latest modeled financing stage is Series D+. Its most recent recorded round closed around Thu Dec 31.
What does Ac Holdco Llc do and where is it based?
Ac Holdco Llc operates in the Telecommunications sector, based in ITASCA.
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