Companies · Other

Aspen Group, Inc.

NEW YORK · Other

Diligence memoA one-page analyst read on Aspen Group, Inc. — recommendation, valuation, rhythm, risks.
$59.6M
Total raised · real
10
Rounds
25.0×
Latest step-up
Top 7%
Sector rank · raised
Series B
Latest stage · inferred · Mon Mar 14 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Aspen Group, 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.

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 2.08× the median modeled value of Series B Other companies in 2022–2024 (465 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.3 yr ago; this sector typically re-raises about every 11 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 Other

Aspen Group, Inc. is one of 25015 Other companies tracked from NEW YORK. By capital raised it ranks among the largest (ahead of 94% 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
$25M–$100M
Issuer revenue
Rule 506(b)
Reg D exemption
2
Investors (latest)
2022-03-14
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$125M$250M$375M$500MPre-Seed · 2012-03-15 Raised $150K (real) Modeled valuation $3.5M (est)Pre-Seed2012Seed · 2012-03-15 Raised $1.2M (real) Modeled valuation $23M (est)Seed2012Seed · 2012-03-15 Raised $1.6M (real) Modeled valuation $30M (est)Seed2012Series A · 2012-09-28 Raised $4.0M (real) Modeled valuation $61M (est)Series A2012Seed · 2012-09-28 Raised $2.8M (real) Modeled valuation $51M (est)Seed2012Series A · 2013-04-18 Raised $600K (real) Modeled valuation $9.1M (est)Series A2013Series A · 2013-09-25 Raised $2.2M (real) Modeled valuation $34M (est)Series A2013Series A · 2014-07-29 Raised $5.4M (real) Modeled valuation $82M (est)Series A2014Seed · 2014-07-29 Raised $1.6M (real) Modeled valuation $30M (est)Seed2014Series A · 2017-04-07 Raised $7.5M (real) Modeled valuation $114M (est)Series A2017Series A · 2017-12-01 Raised $6.5M (real) Modeled valuation $98M (est)Series A2017Series A · 2018-11-05 Raised $538K (real) Modeled valuation $8.1M (est)Series A2018Series A · 2019-03-06 Raised $1.2M (real) Modeled valuation $18M (est)Series A2019Series B · 2022-03-14 Raised $30M (real) Modeled valuation $328M (est)Series B2022Cumulative $65M

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$150K · 2012
Seed$1.2M · 2012
Seed extension$1.6M · 2012
Series A$4.0M · 2012
Bridge · Series A-stage$2.8M · 2012smaller follow-on
Series A extension$600K · 2013
Series A extension$2.2M · 2013
Series A extension$5.4M · 2014
Bridge · Series A-stage$1.6M · 2014smaller follow-on
Series A extension$7.5M · 2017
Series A extension$6.5M · 2017
Series A extension$538K · 2018
Series A extension$1.2M · 2019
Series B$30.0M · 2022

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$327.7M
Base estimate est.
$75.0M
Conservative case
$911.1M
Upside case
$166.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Pre-Seed · modeled $3.5M · 2012-03-152012Seed · modeled $22.9M · 2012-03-15Seed · modeled $29.6M · 2012-03-15Series A · modeled $61.1M · 2012-09-28Seed · modeled $51.2M · 2012-09-28Series A · modeled $9.1M · 2013-04-18Series A · modeled $33.9M · 2013-09-25Series A · modeled $81.7M · 2014-07-29Seed · modeled $30.3M · 2014-07-29Series A · modeled $113.5M · 2017-04-07Series A · modeled $98.4M · 2017-12-01Series A · modeled $8.1M · 2018-11-05Series A · modeled $18.2M · 2019-03-06Series B · modeled $327.7M · 2022-03-142022
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
45% low · 83% high
1.28×/yr
Annual markup
1.55×/yr upside case
4.3 yr
Elapsed time used
4.3 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
9 mo
Avg between rounds
$6.0M/yr
Capital velocity
14.3 yr
On record since
2012
First round
14
Rounds on file
How it compares to the market

Benchmarked against 25015 companies in Other. 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) 29× above median
This company$59.6M
Sector median$2.0M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.5× above median
This company$30.0M
Sector median$19.6M
Modeled value — vs sector median (estimate, all stages) 19× above median
This company$327.7M
Sector median$17.7M

Raised more than 94% of sector peers (real $). Modeled value above 92% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #28 of 465.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Ever/Body, Inc. · Series B Raised $64.2M · modeled $430.5M (est)Financeware Holdings LLC · Series B Raised $59.7M · modeled $413.3M (est)American Cricket Enterprises Inc. · Series B Raised $39.0M · modeled $409.5M (est)Xlerate Ultimate Holdings, Lp · Series B Raised $62.2M · modeled $406.2M (est)MDME Ultimate Holdings, LP · Series B Raised $39.9M · modeled $395.7M (est)aXiomatic, LLC · Series B Raised $138.8M · modeled $389.6M (est)Moov Financial, Inc. · Series B Raised $69.2M · modeled $378.6M (est)NovaVision Holdings, LLC · Series B Raised $38.4M · modeled $374.2M (est)Ttxa Ii 2022, Lp · Series B Raised $35.0M · modeled $369.6M (est)Encamp, Inc. · Series B Raised $54.0M · modeled $363.4M (est)JAF Communications Holdings, LLC · Series B Raised $36.8M · modeled $358.9M (est)Enboarder Inc. · Series B Raised $39.7M · modeled $357.3M (est)Aspen Group, Inc. (this company) Raised $59.6M · modeled $327.7M (est)Aspen Group, Inc.
CompanyStageRaised · realValue · estvs peer med.
Ever/Body, Inc.Series B$64.2M$430.5M2.73×
Financeware Holdings LLCSeries B$59.7M$413.3M2.62×
American Cricket Enterprises Inc.Series B$39.0M$409.5M2.59×
Xlerate Ultimate Holdings, LpSeries B$62.2M$406.2M2.57×
MDME Ultimate Holdings, LPSeries B$39.9M$395.7M2.51×
aXiomatic, LLCSeries B$138.8M$389.6M2.47×
Moov Financial, Inc.Series B$69.2M$378.6M2.40×
NovaVision Holdings, LLCSeries B$38.4M$374.2M2.37×
Ttxa Ii 2022, LpSeries B$35.0M$369.6M2.34×
Encamp, Inc.Series B$54.0M$363.4M2.30×
JAF Communications Holdings, LLCSeries B$36.8M$358.9M2.27×
Enboarder Inc.Series B$39.7M$357.3M2.26×
Aspen Group, Inc. this companySeries B$59.6M$327.7M2.08×
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$150K2012-03-15$833K$3.5M85%
Seed$1.2M2012-03-15$6.2M$22.9M85%
Seed$1.6M2012-03-15$8.0M$29.6M85%
Series A$4.0M2012-09-28$18.4M$61.1M85%
Seed$2.8M2012-09-28$13.8M$51.2M85%
Series A$600K2013-04-18$2.7M$9.1M85%
Series A$2.2M2013-09-25$10.2M$33.9M85%
Series A$5.4M2014-07-29$24.5M$81.7M85%
Seed$1.6M2014-07-29$8.2M$30.3M85%
Series A$7.5M2017-04-07$34.1M$113.5M90%
Series A$6.5M2017-12-01$29.5M$98.4M90%
Series A$538K2018-11-05$2.4M$8.1M90%
Series A$1.2M2019-03-06$5.5M$18.2M90%
Series B$30.0M2022-03-14$166.7M$327.7M90%
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. Pre-Seed$150K2012-03-15
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
  2. Seed$1.2M2012-03-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 8.2× larger than the prior — scaling up.
    • 29 investors on this round.
  3. Seed$1.6M2012-03-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 39 investors on this round.
  4. Series A$4.0M2012-09-28
    • Came back fast: 6 mo vs the ~11 mo sector norm.
    • Round 2.5× larger than the prior — scaling up.
    • 33 investors on this round.
  5. Seed$2.8M2012-09-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 14 investors on this round.
  6. Series A$600K2013-04-18
    • Came back fast: 7 mo vs the ~11 mo sector norm.
    • Round 4.6× smaller than the prior — bridge or down round.
    • Revenue band moved $1M–$5M → $5M–$25M.
    • 17 investors on this round.
  7. Series A$2.2M2013-09-25
    • Came back fast: 5 mo vs the ~11 mo sector norm.
    • Round 3.7× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 1 investor on this round.
  8. Series A$5.4M2014-07-29
    • Raised 10 mo later, in step with the ~11 mo sector norm.
    • Round 2.4× larger than the prior — scaling up.
    • Revenue band moved $5M–$25M → $1M–$5M.
    • 19 investors on this round.
  9. Seed$1.6M2014-07-29
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.3× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  10. Series A$7.5M2017-04-07
    • Raised again after 32 mo — slower than the ~11 mo sector norm.
    • Round 4.6× larger than the prior — scaling up.
    • 14 investors on this round.
  11. Series A$6.5M2017-12-01
    • Raised 8 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  12. Series A$538K2018-11-05
    • Raised 11 mo later, in step with the ~11 mo sector norm.
    • Round 12.1× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  13. Series A$1.2M2019-03-06
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 2.2× larger than the prior — scaling up.
    • 2 investors on this round.
  14. Series B$30.0M2022-03-14
    • Raised again after 36 mo — slower than the ~11 mo sector norm.
    • Round 25.0× larger than the prior — scaling up.
    • Revenue band moved $5M–$25M → $25M–$100M.
    • 2 investors on this round.
Intelligence
2022 ~Q4
Modeled next raise · ~9mo cadence
$90.0M
Modeled next size est.range $58.5M$144.0M
25.0×
Last step-up
$6.0M/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
ANDREW KAPLAN11 other2022-03
James Jensen6 other2018-11
Brad Powers4 other2012-03
Michael Mathews4 other2012-03
Malcolm F. MacLean IV2 other2017-04
Sanford Rich2 other2012-09
Andy Kaplan1 other2018-11
C. James Jensen1 other2012-03
David James Garrity1 other2012-03
David James Pasi1 other2014-07
David Pasi1 other2012-03
John Scheibelhoffer1 other2012-03
Malcolm MacLean IV1 other2018-11
Michael D'Anton1 other2012-03
Paul Schneier1 other2012-03
Ricky Solomon1 other2018-11
Andrew James Kaplan2014-07
Angela James Siegel2012-03
Anne McNamara2022-03
Brad James Powers2012-03
Cheri F. St. Arnauld2017-04
Cheri James St. Arnauld2017-12
Cheri St. Arnauld2018-11
Cheri St. James Arnauld2014-07
Registry & provenance

Aspen Group, 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
1487198
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
Aspen University, Inc.OtherSeries A$7.1M$31.6Mnetwork9 shared operators · same sector
Vivvi, Inc.OtherSeries B$48.1M$144.1Mnetwork1 shared operator · same sector · same stage
Star Asia Finance LtOtherSeries B$26.2M$435.0Mnetwork1 shared operator · same sector · same stage
Star Asia SPV, LLCOtherSeries B$26.2M$435.0Mnetwork1 shared operator · same sector · same stage
S1T Holdings, LLCOtherSeries B$60.0M$357.2Msame sector · same stage
OmniSci, Inc.OtherSeries B$58.9M$361.4Msame sector · same stage
Complex Media, Inc.OtherSeries B$60.7M$352.2Msame sector · same stage
eToro Group Ltd.OtherSeries B$57.6M$356.4Msame 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
Aspen Equity Funding LlcOtherSeed$52.0M88%
Aspen Equity Partners, LPOtherSeries A$99.0M88%
Aspen Tree Holdings, LLCBusiness ServicesSeries A$4.2M86%
Brock Group, Inc.OtherSeries C$857.3M85%
Lewis Group Holdings, LLCOtherSeries B$121.2M82%
Aspen RV 1 LLCOtherSeed$8.8M82%
Cone & Steiner Holdings, Inc.OtherPre-Seed$2.5M82%
Cypress Tree Investment Group, Inc.OtherSeed$35.5M82%
Frequently asked
How much funding has Aspen Group, Inc. raised?
Aspen Group, Inc. has raised approximately $59.6M in disclosed capital across 10 recorded financing rounds, aggregated from public filings.
What is Aspen Group, Inc.'s estimated valuation?
Provath's modeled valuation for Aspen Group, Inc. is approximately $327.7M (modeled range $75.0M–$911.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Aspen Group, Inc. at?
Aspen Group, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Mon Mar 14.
What does Aspen Group, Inc. do and where is it based?
Aspen Group, Inc. operates in the Other sector, based in NEW YORK.
Explore related

See where Aspen Group, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at Aspen Group, Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.