Companies · Other

Axe Topco, Inc.

NEW YORK · Other

Diligence memoA one-page analyst read on Axe Topco, Inc. — recommendation, valuation, rhythm, risks.
$498.0M
Total raised · real
4
Rounds
1.0×
Latest step-up
Top 2%
Sector rank · raised
Growth/Late
Latest stage · inferred · Mon Oct 21 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Axe Topco, Inc. looks under-valued against its niche peers and is quiet 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.

Under-valued
  • Modeled value is 0.03× the median modeled value of Growth/Late Other companies in 2022–2024 (25 peers) — value vs value, same stage and era.
Quiet
  • Last raise 20 mo ago; this sector typically re-raises about every 11 months.
  • Slightly overdue versus sector 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

Axe Topco, Inc. is one of 25008 Other companies tracked from NEW YORK. By capital raised it ranks among the largest (ahead of 99% of sector peers), and in the upper tier 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
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$2.5B$5.0B$7.5B$10.0BGrowth/Late · 2019-10-01 Raised $444M (real) Modeled valuation $7.9B (est)$444M$7.9BGrowth/Late2019Growth/Late · 2020-02-04 Raised $1.0M (real) Modeled valuation $18M (est)$1.0M$18MGrowth/Late2020Growth/Late · 2020-07-01 Raised $36M (real) Modeled valuation $634M (est)$36M$634MGrowth/Late2020Growth/Late · 2024-10-21 Raised $18M (real) Modeled valuation $194M (est)$18M$194MGrowth/Late2024Growth/Late · 2024-10-22 Raised $18M (real) Modeled valuation $194M (est)$18M$194MGrowth/Late2024+$1.0M+$36M+$18M+$18MCumulative $516M

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
Growth/Late$443.5M · 2019
Growth/Late extension$1.0M · 2020
Growth/Late extension$35.7M · 2020
Growth/Late extension$17.8M · 2024
Growth/Late extension$17.8M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C, Series D+ — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 14%.

Modeled valuation trajectory
$193.9M
Base estimate est.
$138.7M
Conservative case
$241.6M
Upside case
$177.9M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Growth/Latea round over $400M). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Growth/Late · modeled $7.9B · 2019-10-012019Growth/Late · modeled $17.8M · 2020-02-04Growth/Late · modeled $634.0M · 2020-07-01Growth/Late · modeled $193.9M · 2024-10-21Growth/Late · modeled $193.9M · 2024-10-222024
Model inputs · modeled:benchmark-stage-stepup-v1
10%
Dilution assumption
Implied ownership sold in the financing.
90%
Survival probability
78% low · 97% high
1.12×/yr
Annual markup
1.22×/yr upside case
1.7 yr
Elapsed time used
1.7 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
15 mo
Avg between rounds
$98.4M/yr
Capital velocity
6.8 yr
On record since
2019
First round
5
Rounds on file
How it compares to the market

Benchmarked against 25008 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) 244× above median
This company$498.0M
Sector median$2.0M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 0.0× of median
This company$17.8M
Sector median$513.1M
Modeled value — vs sector median (estimate, all stages) 11× above median
This company$193.9M
Sector median$17.7M

Raised more than 99% of sector peers (real $). Modeled value above 89% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Growth/Late) 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 #22 of 25.

This companyCohort peer
$100.0M$1.0B$10.0B$100.0B$100.0M$1.0B$10.0BCapital raised (log)Oranje Topco, Inc. · Growth/Late Raised $3.4B · modeled $45.2B (est)Icefall Topco, Inc. · Growth/Late Raised $2.9B · modeled $34.2B (est)Disco Topco, Inc. · Growth/Late Raised $1.9B · modeled $25.0B (est)Staubach Topco, Inc. · Growth/Late Raised $1.4B · modeled $20.7B (est)Arkady HoldCo, Inc. · Growth/Late Raised $1.4B · modeled $15.3B (est)Grupo Gon-Rey Holdings, Llc · Growth/Late Raised $1.4B · modeled $15.2B (est)Nemo Topco, Inc. · Growth/Late Raised $865.7M · modeled $9.6B (est)HF Private Funds Pool, LLC · Growth/Late Raised $946.5M · modeled $9.4B (est)HF Direct Investments Pool, LLC · Growth/Late Raised $680.0M · modeled $8.8B (est)Bluehalo Holdings Parent, Llc · Growth/Late Raised $723.2M · modeled $8.5B (est)Tetris Topco, Inc. · Growth/Late Raised $534.7M · modeled $7.9B (est)Celsius Holdings, Inc. · Growth/Late Raised $582.5M · modeled $7.7B (est)Axe Topco, Inc. (this company) Raised $498.0M · modeled $193.9M (est)Axe Topco, Inc.
CompanyStageRaised · realValue · estvs peer med.
Oranje Topco, Inc.Growth/Late$3.4B$45.2B6.18×
Icefall Topco, Inc.Growth/Late$2.9B$34.2B4.68×
Disco Topco, Inc.Growth/Late$1.9B$25.0B3.41×
Staubach Topco, Inc.Growth/Late$1.4B$20.7B2.83×
Arkady HoldCo, Inc.Growth/Late$1.4B$15.3B2.10×
Grupo Gon-Rey Holdings, LlcGrowth/Late$1.4B$15.2B2.08×
Nemo Topco, Inc.Growth/Late$865.7M$9.6B1.31×
HF Private Funds Pool, LLCGrowth/Late$946.5M$9.4B1.28×
HF Direct Investments Pool, LLCGrowth/Late$680.0M$8.8B1.21×
Bluehalo Holdings Parent, LlcGrowth/Late$723.2M$8.5B1.16×
Tetris Topco, Inc.Growth/Late$534.7M$7.9B1.08×
Celsius Holdings, Inc.Growth/Late$582.5M$7.7B1.06×
Axe Topco, Inc. this companyGrowth/Late$498.0M$193.9M0.03×
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.
Growth/Late$443.5M2019-10-01$4.4B$7.9B90%
Growth/Late$1.0M2020-02-04$10.0M$17.8M90%
Growth/Late$35.7M2020-07-01$356.9M$634.0M90%
Growth/Late$17.8M2024-10-21$177.9M$193.9M90%
Growth/Late$17.8M2024-10-22$177.9M$193.9M90%
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. Growth/Late$443.5M2019-10-01
    • First recorded raise — entered as Growth/Late.
    • 9 investors on this round.
  2. Growth/Late$1.0M2020-02-04
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 443.5× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  3. Growth/Late$35.7M2020-07-01
    • Came back fast: 5 mo vs the ~11 mo sector norm.
    • Round 35.7× larger than the prior — scaling up.
  4. Growth/Late$17.8M2024-10-21
    • Raised again after 52 mo — slower than the ~11 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
  5. Growth/Late$17.8M2024-10-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
Intelligence
2026 ~Q1
Modeled next raise · ~15mo cadence
$17.8M
Modeled next size est.range $17.8M$28.5M
1.0×
Last step-up
$98.4M/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
Jacob Silverman5 other2019-10
Daniel Brenhouse4 other2019-10
Elena Donio3 other2019-10
Kathleen Philips2 other2019-10
Dipan Patel1 other2019-10
Eric Bouchard1 other2024-10
Tom Eggemeier1 other2019-10
Ashlin Quirk2024-10
Catherine Kemnitz2024-10
David McVeigh2024-10
William McNabb2019-10
William McNabb III2024-10
Zohar Yardeni2024-10
Registry & provenance

Axe Topco, 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
1790627
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
Deerfield TopCo CorpOtherSeries D+$209.4M$10.4Mnetwork2 shared operators · same sector
IDO US Holdco, Corp.OtherSeries D+$171.7M$3.0Bnetwork2 shared operators · same sector
D&P US Holding CorpOtherGrowth/Late$866.0M$15.4Bnetwork1 shared operator · same sector · same stage
Deerfield Holdings CorpOtherSeries C$42.3M$724.4Mnetwork2 shared operators · same sector
GC Two Holdings, Inc.OtherGrowth/Late$736.8M$203.1Msame sector · same stage
Payscale Holdings, Inc.OtherSeries C$183.1M$724.4Mnetwork1 shared operator · same sector
American Heritage International Inc.OtherGrowth/Late$1.0B$186.0Msame sector · same stage
Delta Parent Holdings, Inc.OtherSeries C$91.1M$322.8Mnetwork1 shared operator · same sector
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
Cowboy Topco, Inc.OtherSeries D+$4.3B90%
Mountain Topco, Inc.OtherGrowth/Late$6.5B90%
Andor Topco, Inc.OtherGrowth/Late$6.7B88%
Bolt Topco, LlcOtherSeries C$970.5M88%
Maverick Topco, LLCOtherSeed$17.9M88%
Deerfield TopCo CorpOtherSeries D+$10.4M88%
Freight Topco, LlcOtherSeries D+$1.2B88%
Penn Topco, Inc.OtherSeries D+$2.7B87%
Frequently asked
How much funding has Axe Topco, Inc. raised?
Axe Topco, Inc. has raised approximately $498.0M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Axe Topco, Inc.'s estimated valuation?
Provath's modeled valuation for Axe Topco, Inc. is approximately $193.9M (modeled range $138.7M–$241.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Axe Topco, Inc. at?
Axe Topco, Inc.'s latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Mon Oct 21.
What does Axe Topco, Inc. do and where is it based?
Axe Topco, Inc. operates in the Other sector, based in NEW YORK.
Explore related

See where Axe Topco, 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 Axe Topco, 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.