Companies · Software / Tech

Advocate Technologies Inc.

NEW YORK · Software / Tech · refined from filed group “Other

Diligence memoA one-page analyst read on Advocate Technologies Inc. — recommendation, valuation, rhythm, risks.
$7.0M
Total raised · real
2
Rounds
15.3×
Latest step-up
Top 40%
Sector rank · raised
Series A
Latest stage · inferred · Wed Apr 13 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Advocate Technologies Inc. looks over-valued against its niche peers and is dormant on financing cadence.

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

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

Over-valued
  • Modeled value is 1.76× the median modeled value of Series A Software / Tech companies in 2022–2024 (413 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.2 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal cadence.
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 Software / Tech

Advocate Technologies Inc. is one of 3920 Software / Tech companies tracked from NEW YORK. By capital raised it ranks mid-pack (ahead of 61% of sector peers), and mid-pack 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
Rule 506(b)
Reg D exemption
3
Investors (latest)
2020
Year incorporated
2022-04-13
First sale
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$25M$50M$75M$100MPre-Seed · 2021-02-25 Raised $430K (real) Modeled valuation $13M (est)$430K$13MPre-Seed2021Series A · 2022-04-13 Raised $6.6M (real) Modeled valuation $89M (est)$6.6M$89MSeries A2022+$6.6MCumulative $7.0M

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
Pre-Seed$430K · 2021
Series A$6.6M · 2022no Seed on file

Stages are modeled from round size (public records carry no series label). No record for: Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$89.1M
Base estimate est.
$8.8M
Conservative case
$321.3M
Upside case
$30.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $12.8M · 2021-02-252021Series A · modeled $89.1M · 2022-04-132022
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
54%
Survival probability
29% low · 74% high
1.50×/yr
Annual markup
1.89×/yr upside case
4.2 yr
Elapsed time used
4.2 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$6.2M/yr
Capital velocity
5.3 yr
On record since
2021
First round
2
Rounds on file
How it compares to the market

Benchmarked against 3920 companies in Software / Tech. 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) 1.5× above median
This company$7.0M
Sector median$4.6M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.2× above median
This company$6.6M
Sector median$5.6M
Modeled value — vs sector median (estimate, all stages) 2.4× above median
This company$89.1M
Sector median$36.6M

Raised more than 61% of sector peers (real $). Modeled value above 69% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 company ranks #75 of 413.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Solidblock Holdings LLC Detox Digital Series · Series A Raised $15.0M · modeled $210.5M (est)inFeedo Tech Inc. · Series A Raised $14.3M · modeled $206.1M (est)Red Leader Technologies, Inc. · Series A Raised $13.8M · modeled $202.2M (est)Mocha Technologies Inc. · Series A Raised $13.4M · modeled $200.9M (est)Isometric Technologies Inc. · Series A Raised $15.0M · modeled $193.5M (est)Carbon6 Technologies, Inc. · Series A Raised $15.9M · modeled $188.2M (est)Grin Technology Services, Inc. · Series A Raised $14.7M · modeled $180.9M (est)Nucleated Foam Technologies, Inc. · Series A Raised $12.5M · modeled $174.4M (est)Primer Labs Inc. · Series A Raised $12.9M · modeled $169.6M (est)Triumph Labs, Inc. · Series A Raised $12.1M · modeled $165.2M (est)Thred Technologies, Inc. · Series A Raised $14.9M · modeled $160.3M (est)MetaStreet Labs, Inc. · Series A Raised $26.2M · modeled $157.6M (est)Advocate Technologies Inc. (this company) Raised $7.0M · modeled $89.1M (est)Advocate Technologies Inc.
CompanyStageRaised · realValue · estvs peer med.
Solidblock Holdings LLC Detox Digital SeriesSeries A$15.0M$210.5M4.16×
inFeedo Tech Inc.Series A$14.3M$206.1M4.08×
Red Leader Technologies, Inc.Series A$13.8M$202.2M4.00×
Mocha Technologies Inc.Series A$13.4M$200.9M3.98×
Isometric Technologies Inc.Series A$15.0M$193.5M3.83×
Carbon6 Technologies, Inc.Series A$15.9M$188.2M3.72×
Grin Technology Services, Inc.Series A$14.7M$180.9M3.58×
Nucleated Foam Technologies, Inc.Series A$12.5M$174.4M3.45×
Primer Labs Inc.Series A$12.9M$169.6M3.36×
Triumph Labs, Inc.Series A$12.1M$165.2M3.27×
Thred Technologies, Inc.Series A$14.9M$160.3M3.17×
MetaStreet Labs, Inc.Series A$26.2M$157.6M3.12×
Advocate Technologies Inc. this companySeries A$7.0M$89.1M1.76×
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.
Pre-Seed$430K2021-02-25$2.4M$12.8M90%
Series A$6.6M2022-04-13$30.0M$89.1M90%
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. Pre-Seed$430K2021-02-25
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
  2. Series A$6.6M2022-04-13
    • Raised 14 mo later, in step with the ~13 mo sector norm.
    • Round 15.3× larger than the prior — scaling up.
    • 3 investors on this round.
Intelligence
2023 ~Q2
Modeled next raise · ~14mo cadence
$19.8M
Modeled next size est.range $12.9M$31.7M
15.3×
Last step-up
$6.2M/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
Ian Sheridan2 other2022-04
Ashwin Agarwal2021-02
Registry & provenance

Advocate Technologies Inc. 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
1848341
SEC CIK
2020
Incorporated
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
Legacy Labs Inc.Software / TechSeries A$7.0M$106.8Msame sector · same stage
greymatter.io Inc.Software / TechSeries A$7.1M$101.3Msame sector · same stage
Outpost Technologies CorpSoftware / TechSeries A$7.1M$83.3Msame sector · same stage
Buddy Technology Inc.Software / TechSeries A$7.2M$67.3Msame sector · same stage
Syrup Tech Inc.Software / TechSeries A$7.3M$92.7Msame sector · same stage
Amaze Software, Inc.Software / TechSeries A$6.8M$82.7Msame sector · same stage
Share Creators Software Inc.Software / TechSeries A$7.4M$72.9Msame sector · same stage
Stout Industrial Technology, Inc.Software / TechSeries A$7.5M$78.4Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Advocate, Inc.Other TechnologySeries B$497.9M90%
Appellate Technologies, Inc.Software / TechPre-Seed$1.7M81%
Heard Technologies, Inc.Software / TechSeries A$136.9M80%
Auto Advocate Inc.OtherSeries A$12.7M80%
Evident.io, Inc.Software / TechSeries B$670.0M80%
Decide Software, Inc.Software / TechPre-Seed$21.2M79%
Activ Technologies, Inc.Software / TechSeed$2.9M79%
Precedent Labs Inc.Software / TechSeed$18.3M79%
Frequently asked
How much funding has Advocate Technologies Inc. raised?
Advocate Technologies Inc. has raised approximately $7.0M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Advocate Technologies Inc.'s estimated valuation?
Provath's modeled valuation for Advocate Technologies Inc. is approximately $89.1M (modeled range $8.8M–$321.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Advocate Technologies Inc. at?
Advocate Technologies Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Wed Apr 13.
What does Advocate Technologies Inc. do and where is it based?
Advocate Technologies Inc. operates in the Software / Tech sector, based in NEW YORK.
Explore related

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