Companies · Software / Tech

bloXroute Labs, Inc.

EVANSTON · Software / Tech · refined from filed group “Other

Diligence memoA one-page analyst read on bloXroute Labs, Inc. — recommendation, valuation, rhythm, risks.
$118.7M
Total raised · real
8
Rounds
0.1×
Latest step-up
Top 5%
Sector rank · raised
Series C
Latest stage · inferred · Thu Apr 27 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

bloXroute Labs, Inc. looks under-valued against its niche peers and is at-risk 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.

Under-valued
  • Modeled value is 0.21× the median modeled value of Series C Software / Tech companies in 2022–2024 (55 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.2 yr ago; this sector typically re-raises about every 13 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

bloXroute Labs, Inc. is one of 3920 Software / Tech companies tracked from EVANSTON. By capital raised it ranks among the largest (ahead of 96% 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
6
Investors (latest)
2023-04-27
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$500M$1.0B$1.5B$2.0BSeed · 2018-02-21 Raised $1.5M (real) Modeled valuation $53M (est)Seed2018Seed · 2018-06-21 Raised $2.1M (real) Modeled valuation $71M (est)Seed2018Series A · 2019-01-17 Raised $5.0M (real) Modeled valuation $139M (est)Series A2019Series B · 2019-07-01 Raised $20M (real) Modeled valuation $609M (est)Series B2019Series B · 2021-01-11 Raised $525K (real) Modeled valuation $13M (est)Series B2021Series B · 2021-07-02 Raised $9.0M (real) Modeled valuation $194M (est)Series B2021Series C · 2022-04-01 Raised $70M (real) Modeled valuation $1.3B (est)Series C2022Series C · 2023-04-27 Raised $10.0M (real) Modeled valuation $134M (est)Series C2023+$2.1M+$5.0M+$20M+$525K+$9.0M+$70M+$10.0MCumulative $119M

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
Seed$1.5M · 2018
Seed extension$2.1M · 2018
Series A$5.0M · 2019
Series B$20.0M · 2019
Series B extension$525K · 2021
Series B extension$9.0M · 2021
Series C$70.5M · 2022
Series C extension$10.0M · 2023

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 80%.

Modeled valuation trajectory
$133.7M
Base estimate est.
$37.9M
Conservative case
$239.0M
Upside case
$66.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Seed · modeled $52.8M · 2018-02-212018Seed · modeled $70.6M · 2018-06-21Series A · modeled $138.7M · 2019-01-17Series B · modeled $609.1M · 2019-07-01Series B · modeled $13.3M · 2021-01-11Series B · modeled $193.7M · 2021-07-02Series C · modeled $1.3B · 2022-04-01Series C · modeled $133.7M · 2023-04-272023
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
3.2 yr
Elapsed time used
3.2 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
9 mo
Avg between rounds
$22.9M/yr
Capital velocity
8.4 yr
On record since
2018
First round
8
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) 26× above median
This company$118.7M
Sector median$4.6M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.2× of median
This company$10.0M
Sector median$51.0M
Modeled value — vs sector median (estimate, all stages) 3.7× above median
This company$133.7M
Sector median$36.6M

Raised more than 96% of sector peers (real $). Modeled value above 77% 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 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 #49 of 55.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Pinecone Systems, Inc. · Series C Raised $128.2M · modeled $1.4B (est)Hydration Labs, Inc. · Series C Raised $135.0M · modeled $1.3B (est)SiMa Technologies, Inc. · Series C Raised $167.8M · modeled $1.3B (est)Atlas Technology Solutions Inc. · Series C Raised $95.0M · modeled $1.2B (est)Pascaline Systems, Inc. · Series C Raised $106.0M · modeled $1.2B (est)Innovative Data Processing Solutions LLC · Series C Raised $60.0M · modeled $1.2B (est)Dura Software, Inc. · Series C Raised $101.1M · modeled $1.1B (est)Voyager Digital Ltd. · Series C Raised $145.4M · modeled $1.1B (est)Workstream Technologies, Inc. · Series C Raised $107.9M · modeled $1.0B (est)Parry Labs Holdings, LLC · Series C Raised $90.7M · modeled $995.0M (est)Mobix Labs, Inc · Series C Raised $100.0M · modeled $990.0M (est)Databook Labs, Inc. · Series C Raised $71.4M · modeled $968.9M (est)bloXroute Labs, Inc. (this company) Raised $118.7M · modeled $133.7M (est)bloXroute Labs, Inc.
CompanyStageRaised · realValue · estvs peer med.
Pinecone Systems, Inc.Series C$128.2M$1.4B2.12×
Hydration Labs, Inc.Series C$135.0M$1.3B1.99×
SiMa Technologies, Inc.Series C$167.8M$1.3B1.96×
Atlas Technology Solutions Inc.Series C$95.0M$1.2B1.89×
Pascaline Systems, Inc.Series C$106.0M$1.2B1.83×
Innovative Data Processing Solutions LLCSeries C$60.0M$1.2B1.82×
Dura Software, Inc.Series C$101.1M$1.1B1.78×
Voyager Digital Ltd.Series C$145.4M$1.1B1.67×
Workstream Technologies, Inc.Series C$107.9M$1.0B1.60×
Parry Labs Holdings, LLCSeries C$90.7M$995.0M1.56×
Mobix Labs, IncSeries C$100.0M$990.0M1.55×
Databook Labs, Inc.Series C$71.4M$968.9M1.52×
bloXroute Labs, Inc. this companySeries C$118.7M$133.7M0.21×
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.
Seed$1.5M2018-02-21$7.7M$52.8M90%
Seed$2.1M2018-06-21$10.4M$70.6M90%
Series A$5.0M2019-01-17$22.7M$138.7M90%
Series B$20.0M2019-07-01$111.1M$609.1M90%
Series B$525K2021-01-11$2.9M$13.3M90%
Series B$9.0M2021-07-02$50.2M$193.7M90%
Series C$70.5M2022-04-01$469.8M$1.3B90%
Series C$10.0M2023-04-27$66.7M$133.7M90%
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. Seed$1.5M2018-02-21
    • First recorded raise — entered as Seed.
    • 8 investors on this round.
  2. Seed$2.1M2018-06-21
    • Came back fast: 4 mo vs the ~13 mo sector norm.
    • Round 1.3× larger than the prior — scaling up.
    • Switched to Rule 506(c) (was Rule 506(b)).
    • 11 investors on this round.
  3. Series A$5.0M2019-01-17
    • Came back fast: 7 mo vs the ~13 mo sector norm.
    • Round 2.4× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 506(c)).
    • 3 investors on this round.
  4. Series B$20.0M2019-07-01
    • Came back fast: 5 mo vs the ~13 mo sector norm.
    • Round 4.0× larger than the prior — scaling up.
    • Switched to Rule 506(c) (was Rule 506(b)).
  5. Series B$525K2021-01-11
    • Raised 18 mo later, in step with the ~13 mo sector norm.
    • Round 38.1× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 506(c)).
  6. Series B$9.0M2021-07-02
    • Came back fast: 6 mo vs the ~13 mo sector norm.
    • Round 17.2× larger than the prior — scaling up.
    • 8 investors on this round.
  7. Series C$70.5M2022-04-01
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round 7.8× larger than the prior — scaling up.
    • 23 investors on this round.
  8. Series C$10.0M2023-04-27
    • Raised 13 mo later, in step with the ~13 mo sector norm.
    • Round 7.0× smaller than the prior — bridge or down round.
    • 6 investors on this round.
Intelligence
2024 ~Q1
Modeled next raise · ~9mo cadence
$10.0M
Modeled next size est.range $10.0M$16.0M
0.1×
Last step-up
$22.9M/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
Jeffrey Bussgang6 other2018-02
Robert Kaplan3 other2022-04
Aleksandar Kuzmanovic2018-02
Aleksander Kuzmanovic2022-04
Alexander Kuzmanovic2023-04
Curtis Plot Mak2023-04
Daniel Blahut2023-04
Eyal Markovich2019-01
Haseeb Qureshi2022-04
Offer Markovich2022-04
Uri Klarman2018-02
Registry & provenance

bloXroute Labs, 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
1733404
SEC CIK
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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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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
Pathway Labs, Inc.Software / TechSeed$43.4M83%
Routezilla Software Corp.Software / TechPre-Seed$10.9M83%
Sprout Labs, Inc.Software / TechSeed$454K82%
Bevy Labs, Inc.Software / TechSeries B$956.5M82%
BVA Labs, Inc.Software / TechPre-Seed$2.5M82%
GFX Labs, Inc.Software / TechSeed$3.9M81%
Link Labs, Inc.Software / TechSeries A$15.2M81%
Buoy Labs, Inc.Software / TechPre-Seed$15.0M81%
Frequently asked
How much funding has bloXroute Labs, Inc. raised?
bloXroute Labs, Inc. has raised approximately $118.7M in disclosed capital across 8 recorded financing rounds, aggregated from public filings.
What is bloXroute Labs, Inc.'s estimated valuation?
Provath's modeled valuation for bloXroute Labs, Inc. is approximately $133.7M (modeled range $37.9M–$239.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is bloXroute Labs, Inc. at?
bloXroute Labs, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Thu Apr 27.
What does bloXroute Labs, Inc. do and where is it based?
bloXroute Labs, Inc. operates in the Software / Tech sector, based in EVANSTON.
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