Bae Systems Plc /Fi/ looks under-valued against its niche peers and is active on financing cadence.
Raised $1.2B across 31 disclosed rounds, last modeled as Series C (a $40M–$100M round).
Modeled value is 0.03× the median modeled value of Series C Software / Tech companies in 2025–2027 (39 peers) — value vs value, same stage and era.
Valued on the technology profile — its sector's growth and survival benchmarks differ from the market default, so the same raise is worth more or less here.
Last raise 10 mo ago; this sector typically re-raises about every 13 months.
Latest round was 53.9× smaller than the prior — a bridge or down round.
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.
Under-valued
Modeled value is 0.03× the median modeled value of Series C Software / Tech companies in 2025–2027 (39 peers) — value vs value, same stage and era.
Issuer reports $100M+ revenue while modeled below niche peers.
Active
Last raise 10 mo ago; this sector typically re-raises about every 13 months.
Raising on or ahead of the sector's normal rhythm.
Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.
Issuer-vehicle patternmedium confidence
Bae Systems Plc /Fi/ 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
17.2 yr record
Peak capital year was 2022 with $91.0M across 2 filings.
Market position
ahead of 100% of Software / Tech peers
Capital scale is ahead of 100% of Software / Tech peers; modeled value is above 27% 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
No clearly named CEO/founder/principal role in the public records surfaced here.
No verified homepage on the profile yet.
Capital program peaked in 2022: $91.0M across 2 filings.
Largest single filing was $86.3M on 2012-03-29.
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 Software / Tech
Bae Systems Plc /Fi/ is one of 3920 Software / Tech companies tracked from LONDON. By capital raised it ranks among the largest (ahead of 100% of sector peers), and in the long tail 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
$100M+
Issuer revenue
Rule 506(b)
Reg D exemption
7
Investors (latest)
2025-09-04
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
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$61.4M · 2009
Bridge · Series C-stage$11.4M · 2010smaller follow-on
Series C extension$13.0M · 2010
Series C extension$43.4M · 2011
Series C extension$43.4M · 2011
Series C extension$86.3M · 2012
Series C extension$2.5M · 2012
Series C extension$58.1M · 2013
Series C extension$1.6M · 2013
Series C extension$55.0M · 2014
Series C extension$48.3M · 2015
Series C extension$17.4M · 2015
Series C extension$69.0M · 2016
Series C extension$2.5M · 2016
Series C extension$82.8M · 2017
Series C extension$640K · 2017
Series C extension$79.2M · 2018
Series C extension$2.3M · 2018
Series C extension$82.0M · 2019
Series C extension$4.1M · 2019
Series C extension$80.7M · 2020
Series C extension$1.3M · 2020
Series C extension$83.5M · 2021
Series C extension$333K · 2021
Series C extension$83.6M · 2022
Series C extension$7.4M · 2022
Series C extension$67.6M · 2023
Series C extension$1.6M · 2023
Series C extension$1.9M · 2023
Series C extension$72.6M · 2024
Series C extension$6.2M · 2024
Series C extension$85.0M · 2025
Series C extension$1.6M · 2025
Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 40%.
Modeled valuation trajectory
$10.3M
Base estimate est.
$6.0M
Conservative case
$13.3M
Upside case
$10.5M
Modeled post-money
Round size and date are reported; the stage label is inferred from round size (latest is Series C — a $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
76%
Survival probability
57% low · 88% high
1.35×/yr
Annual markup
1.55×/yr upside case
0.8 yr
Elapsed time used
0.8 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
6 mo
Avg between rounds
$73.5M/yr
Capital velocity
17.2 yr
On record since
2009
First round
33
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)▲ 261× above median
This company$1.2B
Sector median$4.6M
Latest round — vs other Series C rounds in sector (real $, this stage)▼ 0.0× of median
This company$1.6M
Sector median$51.0M
Modeled value — vs sector median (estimate, all stages)▼ 0.3× of median
This company$10.3M
Sector median$36.6M
Raised more than 100% of sector peers (real $). Modeled value above 27% of peers (estimate).
Niche peers — same stage & era
A tighter cohort than the sector chart above — only companies at the same stage (Series C) that last raised in the same ~3-year era, ranked by modeled valueest. (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 #39 of 39.
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.
Stage
Amount · real
Announced
Post-money · est
Value · est
Conf.
Series C
$61.4M
2009-04-26
$409.3M
$1.9B
85%
Series A
$11.4M
2010-03-23
$51.7M
$315.7M
85%
Series C
$13.0M
2010-03-23
$86.7M
$408.7M
85%
Series C
$43.4M
2011-05-18
$289.5M
$1.4B
85%
Series C
$43.4M
2011-05-18
$289.5M
$1.4B
85%
Series C
$86.3M
2012-03-29
$575.1M
$2.7B
85%
Series C
$2.5M
2012-10-12
$16.5M
$77.8M
85%
Series C
$58.1M
2013-03-25
$387.3M
$1.8B
85%
Series C
$1.6M
2013-09-05
$10.6M
$50.2M
85%
Series C
$55.0M
2014-03-26
$366.5M
$1.7B
85%
Series C
$48.3M
2015-03-25
$321.8M
$1.5B
85%
Series C
$17.4M
2015-09-08
$116.3M
$548.1M
85%
Series C
$69.0M
2016-03-23
$460.3M
$2.2B
85%
Series C
$2.5M
2016-09-06
$16.6M
$78.4M
85%
Series C
$82.8M
2017-03-21
$551.9M
$2.6B
90%
Series C
$640K
2017-09-05
$4.3M
$20.1M
90%
Series C
$79.2M
2018-03-20
$528.0M
$2.5B
90%
Series C
$2.3M
2018-09-10
$15.4M
$72.7M
90%
Series C
$82.0M
2019-03-20
$546.4M
$2.6B
90%
Series C
$4.1M
2019-09-06
$27.0M
$127.5M
90%
Series C
$80.7M
2020-03-25
$538.0M
$2.5B
90%
Series C
$1.3M
2020-09-03
$8.8M
$39.3M
90%
Series C
$83.5M
2021-03-25
$556.8M
$2.1B
90%
Series C
$333K
2021-09-03
$2.2M
$7.3M
90%
Series C
$83.6M
2022-03-24
$557.3M
$1.6B
90%
Series C
$7.4M
2022-09-07
$49.6M
$120.6M
90%
Series C
$67.6M
2023-03-24
$450.4M
$929.2M
90%
Series C
$1.6M
2023-05-05
$10.4M
$20.6M
90%
Series C
$1.9M
2023-09-07
$12.9M
$23.2M
90%
Series C
$72.6M
2024-03-21
$483.8M
$738.4M
90%
Series C
$6.2M
2024-09-05
$41.1M
$54.5M
90%
Series C
$85.0M
2025-03-20
$566.4M
$639.1M
90%
Series C
$1.6M
2025-09-04
$10.5M
$10.3M
90%
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.
Series C$61.4M2009-04-26
First recorded raise — entered as Series C.
138 investors on this round.
Series A$11.4M2010-03-23
Raised 11 mo later, in step with the ~13 mo sector norm.
Round 5.4× smaller than the prior — bridge or down round.
126 investors on this round.
Series C$13.0M2010-03-23
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round roughly the size of the prior one.
126 investors on this round.
Series C$43.4M2011-05-18
Raised 14 mo later, in step with the ~13 mo sector norm.
Round 3.3× larger than the prior — scaling up.
111 investors on this round.
Series C$43.4M2011-05-18
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round roughly the size of the prior one.
111 investors on this round.
Series C$86.3M2012-03-29
Raised 10 mo later, in step with the ~13 mo sector norm.
Round 2.0× larger than the prior — scaling up.
99 investors on this round.
Series C$2.5M2012-10-12
Came back fast: 6 mo vs the ~13 mo sector norm.
Round 34.8× smaller than the prior — bridge or down round.
5 investors on this round.
Series C$58.1M2013-03-25
Came back fast: 5 mo vs the ~13 mo sector norm.
Round 23.5× larger than the prior — scaling up.
92 investors on this round.
Series C$1.6M2013-09-05
Came back fast: 5 mo vs the ~13 mo sector norm.
Round 36.4× smaller than the prior — bridge or down round.
6 investors on this round.
Series C$55.0M2014-03-26
Came back fast: 7 mo vs the ~13 mo sector norm.
Round 34.4× larger than the prior — scaling up.
Switched to Rule 506(b) (was Rule 06).
88 investors on this round.
Series C$48.3M2015-03-25
Raised 12 mo later, in step with the ~13 mo sector norm.
Round roughly the size of the prior one.
76 investors on this round.
Series C$17.4M2015-09-08
Came back fast: 5 mo vs the ~13 mo sector norm.
Round 2.8× smaller than the prior — bridge or down round.
133 investors on this round.
Series C$69.0M2016-03-23
Came back fast: 6 mo vs the ~13 mo sector norm.
Round 4.0× larger than the prior — scaling up.
205 investors on this round.
Series C$2.5M2016-09-06
Came back fast: 5 mo vs the ~13 mo sector norm.
Round 27.7× smaller than the prior — bridge or down round.
17 investors on this round.
Series C$82.8M2017-03-21
Came back fast: 6 mo vs the ~13 mo sector norm.
Round 33.2× larger than the prior — scaling up.
215 investors on this round.
Series C$640K2017-09-05
Came back fast: 6 mo vs the ~13 mo sector norm.
Round 129.4× smaller than the prior — bridge or down round.
3 investors on this round.
Series C$79.2M2018-03-20
Came back fast: 6 mo vs the ~13 mo sector norm.
Round 123.8× larger than the prior — scaling up.
214 investors on this round.
Series C$2.3M2018-09-10
Came back fast: 6 mo vs the ~13 mo sector norm.
Round 34.3× smaller than the prior — bridge or down round.
9 investors on this round.
Series C$82.0M2019-03-20
Came back fast: 6 mo vs the ~13 mo sector norm.
Round 35.4× larger than the prior — scaling up.
225 investors on this round.
Series C$4.1M2019-09-06
Came back fast: 6 mo vs the ~13 mo sector norm.
Round 20.2× smaller than the prior — bridge or down round.
13 investors on this round.
Series C$80.7M2020-03-25
Came back fast: 7 mo vs the ~13 mo sector norm.
Round 19.9× larger than the prior — scaling up.
236 investors on this round.
Series C$1.3M2020-09-03
Came back fast: 5 mo vs the ~13 mo sector norm.
Round 61.2× smaller than the prior — bridge or down round.
3 investors on this round.
Series C$83.5M2021-03-25
Came back fast: 7 mo vs the ~13 mo sector norm.
Round 63.4× larger than the prior — scaling up.
243 investors on this round.
Series C$333K2021-09-03
Came back fast: 5 mo vs the ~13 mo sector norm.
Round 251.1× smaller than the prior — bridge or down round.
8 investors on this round.
Series C$83.6M2022-03-24
Came back fast: 7 mo vs the ~13 mo sector norm.
Round 251.4× larger than the prior — scaling up.
237 investors on this round.
Series C$7.4M2022-09-07
Came back fast: 5 mo vs the ~13 mo sector norm.
Round 11.2× smaller than the prior — bridge or down round.
11 investors on this round.
Series C$67.6M2023-03-24
Came back fast: 7 mo vs the ~13 mo sector norm.
Round 9.1× larger than the prior — scaling up.
260 investors on this round.
Series C$1.6M2023-05-05
Came back fast: 1 mo vs the ~13 mo sector norm.
Round 43.5× smaller than the prior — bridge or down round.
1 investor on this round.
Series C$1.9M2023-09-07
Came back fast: 4 mo vs the ~13 mo sector norm.
Round roughly the size of the prior one.
10 investors on this round.
Series C$72.6M2024-03-21
Came back fast: 6 mo vs the ~13 mo sector norm.
Round 37.5× larger than the prior — scaling up.
268 investors on this round.
Series C$6.2M2024-09-05
Came back fast: 6 mo vs the ~13 mo sector norm.
Round 11.8× smaller than the prior — bridge or down round.
32 investors on this round.
Series C$85.0M2025-03-20
Came back fast: 6 mo vs the ~13 mo sector norm.
Round 13.8× larger than the prior — scaling up.
300 investors on this round.
Series C$1.6M2025-09-04
Came back fast: 6 mo vs the ~13 mo sector norm.
Round 53.9× smaller than the prior — bridge or down round.
7 investors on this round.
Intelligence
2026 ~Q1
Modeled next raise · ~6mo cadence
$1.6M
Modeled next size est.range $1.6M–$2.5M
0.0×
Last step-up
$73.5M/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.
Bae Systems Plc /Fi/ 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
895564
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.
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.
Bae Systems Plc /Fi/ has raised approximately $1.2B in disclosed capital across 31 recorded financing rounds, aggregated from public filings.
What is Bae Systems Plc /Fi/'s estimated valuation?
Provath's modeled valuation for Bae Systems Plc /Fi/ is approximately $10.3M (modeled range $6.0M–$13.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Bae Systems Plc /Fi/ at?
Bae Systems Plc /Fi/'s latest modeled financing stage is Series C. Its most recent recorded round closed around Thu Sep 04.
What does Bae Systems Plc /Fi/ do and where is it based?
Bae Systems Plc /Fi/ operates in the Software / Tech sector, based in LONDON.
Explore related
See where Bae Systems Plc /Fi/ sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
If you work at Bae Systems Plc /Fi/, claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.