Companies · Software / Tech

Bancar Technologies Ltd

Manchester · Software / Tech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Bancar Technologies Ltd — recommendation, valuation, rhythm, risks.
$1.1B
Total raised · real
7
Rounds
4.3×
Latest step-up
Top 1%
Sector rank · raised
Series D+
Latest stage · inferred · Wed Feb 04 2026 00:00:00 GMT+0000 (Coordinated Universal Time)

Bancar Technologies Ltd looks fair against its niche peers and is active 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.

Fair
  • Modeled value is 1.10× the median modeled value of Series D+ Software / Tech companies in 2025–2027 (22 peers) — value vs value, same stage and era.
  • Within the normal band (110% of peer median) for its niche.
Active
  • Last raise 5 mo ago; this sector typically re-raises about every 13 months.
  • Raising on or ahead of the sector's normal rhythm.
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

Bancar Technologies Ltd is one of 3920 Software / Tech companies tracked from Manchester. By capital raised it ranks among the largest (ahead of 100% 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
Rule 506(b)
Reg D exemption
28
Investors (latest)
2026-02-04
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
$0$2.5B$5.0B$7.5B$10.0BSeries B · 2018-09-21 Raised $34M (real) Modeled valuation $1.0B (est)Series B2018Series C · 2019-10-09 Raised $90M (real) Modeled valuation $2.8B (est)Series C2019Series D+ · 2021-08-05 Raised $350M (real) Modeled valuation $8.4B (est)Series D+2021Series D+ · 2023-12-01 Raised $65M (real) Modeled valuation $871M (est)Series D+2023Series D+ · 2024-10-29 Raised $310M (real) Modeled valuation $3.3B (est)Series D+2024Series D+ · 2025-03-06 Raised $45M (real) Modeled valuation $441M (est)Series D+2025Series D+ · 2026-02-04 Raised $195M (real) Modeled valuation $1.5B (est)Series D+2026+$90M+$350M+$65M+$310M+$45M+$195MCumulative $1.1B

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 B$33.9M · 2018
Series C$90.0M · 2019
Series D+$350.0M · 2021
Series D+ extension$65.3M · 2023
Series D+ extension$309.7M · 2024
Series D+ extension$45.5M · 2025
Series D+ extension$195.3M · 2026

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$1.5B
Base estimate est.
$1.1B
Conservative case
$1.7B
Upside case
$1.6B
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 technology sector profile. Directional, not a quoted figure.

Series B · modeled $1.0B · 2018-09-212018Series C · modeled $2.8B · 2019-10-09Series D+ · modeled $8.4B · 2021-08-05Series D+ · modeled $870.6M · 2023-12-01Series D+ · modeled $3.3B · 2024-10-29Series D+ · modeled $440.6M · 2025-03-06Series D+ · modeled $1.5B · 2026-02-042026
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
83%
Survival probability
67% low · 92% high
1.29×/yr
Annual markup
1.44×/yr upside case
0.4 yr
Elapsed time used
0.4 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
15 mo
Avg between rounds
$147.8M/yr
Capital velocity
7.8 yr
On record since
2018
First round
7
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) 237× above median
This company$1.1B
Sector median$4.6M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 1.3× above median
This company$195.3M
Sector median$150.0M
Modeled value — vs sector median (estimate, all stages) 41× above median
This company$1.5B
Sector median$36.6M

Raised more than 100% of sector peers (real $). Modeled value above 97% 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 company ranks #9 of 22.

This companyCohort peer
$1.0B$10.0B$100.0M$1.0B$10.0BCapital raised (log)Saronic Technologies, Inc. · Series D+ Raised $523.3M · modeled $3.4B (est)Mercor.io Corp · Series D+ Raised $468.6M · modeled $2.8B (est)Clearwater Analytics Holdings, Inc. · Series D+ Raised $261.8M · modeled $2.4B (est)Mercury Technologies, Inc. · Series D+ Raised $221.3M · modeled $1.9B (est)Bitmine Immersion Technologies, Inc. · Series D+ Raised $258.3M · modeled $1.9B (est)Elise A.I. Technologies Corp. · Series D+ Raised $320.9M · modeled $1.8B (est)Ontic Technologies, Inc. · Series D+ Raised $196.4M · modeled $1.6B (est)Luminary Cloud, Inc. · Series D+ Raised $187.0M · modeled $1.5B (est)Oxide Computer Co · Series D+ Raised $265.2M · modeled $1.5B (est)Motive Technologies, Inc. · Series D+ Raised $408.0M · modeled $1.4B (est)Starburst Labs, Inc. · Series D+ Raised $178.3M · modeled $1.3B (est)Bancar Technologies Ltd (this company) Raised $1.1B · modeled $1.5B (est)Bancar Technologies Ltd
CompanyStageRaised · realValue · estvs peer med.
Saronic Technologies, Inc.Series D+$523.3M$3.4B2.51×
Mercor.io CorpSeries D+$468.6M$2.8B2.02×
Clearwater Analytics Holdings, Inc.Series D+$261.8M$2.4B1.79×
Mercury Technologies, Inc.Series D+$221.3M$1.9B1.41×
Bitmine Immersion Technologies, Inc.Series D+$258.3M$1.9B1.40×
Elise A.I. Technologies Corp.Series D+$320.9M$1.8B1.34×
Ontic Technologies, Inc.Series D+$196.4M$1.6B1.20×
Luminary Cloud, Inc.Series D+$187.0M$1.5B1.13×
Bancar Technologies Ltd this companySeries D+$1.1B$1.5B1.10×
Oxide Computer CoSeries D+$265.2M$1.5B1.07×
Motive Technologies, Inc.Series D+$408.0M$1.4B1.01×
Starburst Labs, Inc.Series D+$178.3M$1.3B0.99×
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 B$33.9M2018-09-21$188.3M$1.0B90%
Series C$90.0M2019-10-09$600.0M$2.8B90%
Series D+$350.0M2021-08-05$2.9B$8.4B90%
Series D+$65.3M2023-12-01$544.2M$870.6M90%
Series D+$309.7M2024-10-29$2.6B$3.3B90%
Series D+$45.5M2025-03-06$378.9M$440.6M90%
Series D+$195.3M2026-02-04$1.6B$1.5B90%
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 B$33.9M2018-09-21
    • First recorded raise — entered as Series B.
    • 14 investors on this round.
  2. Series C$90.0M2019-10-09
    • Raised 13 mo later, in step with the ~13 mo sector norm.
    • Round 2.7× larger than the prior — scaling up.
    • 12 investors on this round.
  3. Series D+$350.0M2021-08-05
    • Raised again after 22 mo — slower than the ~13 mo sector norm.
    • Round 3.9× larger than the prior — scaling up.
    • Revenue band moved $0–$1M → $5M–$25M.
    • 21 investors on this round.
  4. Series D+$65.3M2023-12-01
    • Raised again after 28 mo — slower than the ~13 mo sector norm.
    • Round 5.4× smaller than the prior — bridge or down round.
    • 14 investors on this round.
  5. Series D+$309.7M2024-10-29
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round 4.7× larger than the prior — scaling up.
    • 37 investors on this round.
  6. Series D+$45.5M2025-03-06
    • Came back fast: 4 mo vs the ~13 mo sector norm.
    • Round 6.8× smaller than the prior — bridge or down round.
    • 14 investors on this round.
  7. Series D+$195.3M2026-02-04
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round 4.3× larger than the prior — scaling up.
    • 28 investors on this round.
Intelligence
2027 ~Q2
Modeled next raise · ~15mo cadence
$585.8M
Modeled next size est.range $380.8M$937.3M
4.3×
Last step-up
$147.8M/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
Gary Litt1 other2026-02
Isaac Lee1 other2026-02
Juan Franck1 other2026-02
Carlos Henrique Carneiro De Medeiros2021-08
Danying Campbell Ma2019-10
Danying Carlos Ma2023-12
Danying Ma2026-02
Diego Campbell Dayenoff2024-10
Diego Dayenoff2018-09
Gary Campbell Litt2018-09
Gary Carlos Litt2023-12
Ilan Campbell Stern2018-09
Isaac Campbell Lee2021-08
Isaac Carlos Lee2023-12
Juan Carlos Franck2023-12
Nazim Carlos Dr. Cetin2024-10
Nazim Dr. Cetin2026-02
Niall Campbell Ferguson2018-09
Niall Ferguson2026-02
Pierpaolo Barbieri2018-09
Registry & provenance

Bancar Technologies Ltd 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
1754481
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.

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Altana Technologies, Inc.Software / TechSeries D+$344.1M$2.5Bsame sector · same stage
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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
Banyan Hills Technologies, Inc.Software / TechSeed$57.8M84%
VINN Automotive Technologies LtdSoftware / TechSeed$32.4M82%
Dink Technologies, Inc.Software / TechSeed$10.2M81%
Sidecar Holdings, LLCOther TechnologyPre-Seed$40.2M81%
Sidecar Interactive, Inc.Other TechnologySeries A$208.1M81%
Sydecar, Inc.Other TechnologySeries A$52.8M81%
BanQu, Inc.Other TechnologySeries A$98.3M81%
HaloCar CorpOther TechnologyPre-Seed$6.8M80%
Frequently asked
How much funding has Bancar Technologies Ltd raised?
Bancar Technologies Ltd has raised approximately $1.1B in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Bancar Technologies Ltd's estimated valuation?
Provath's modeled valuation for Bancar Technologies Ltd is approximately $1.5B (modeled range $1.1B–$1.7B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Bancar Technologies Ltd at?
Bancar Technologies Ltd's latest modeled financing stage is Series D+. Its most recent recorded round closed around Wed Feb 04.
What does Bancar Technologies Ltd do and where is it based?
Bancar Technologies Ltd operates in the Software / Tech sector, based in Manchester.
Explore related

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

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