Companies · Crypto / Web3
SAN FRANCISCO · Crypto / Web3 · refined from filed group “Other” · https://www.bluefin.com/about/
Diligence memoA one-page analyst read on Bluefin Topco, Llc — recommendation, valuation, rhythm, risks.→Bluefin Topco, Llc has raised $700M over 2 rounds; too few niche peers to rank its valuation yet.
Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the crypto/web3 sector profile.
Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.
Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.
Bluefin Topco, Llc behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.
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.
Bluefin Topco, Llc is one of 196 Crypto / Web3 companies tracked from SAN FRANCISCO. By capital raised it ranks among the largest (ahead of 98% 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.
AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%
operates a technology-led product inferred from public copy
Grounded in: “You are a venture analyst”
Bluefin creates secure payment security technology for businesses around the world. Learn more about our innovative platforms and management team.
Bluefin creates secure payment security technology for businesses around the world. Learn more about our innovative platforms and management team. Bluefin protects sensitive data in motion across payment and digital ecosystems, combining PCI-validated P2PE, tokenization, and orchestration to help organizations reduce risk, simplify compliance, and scale securely. Founded in 2007, Bluefin set out to challenge a fundamental assumption: securing sensitive data shouldn’t come at the expense of performance or innovation. While most providers focused on building defenses to block threats, Bluefin took a different approach, developing technology to devalue sensitive data at the point of entry. Over time, that vision evolved beyond payment security into a broader data security infrastructure designed to protect sensitive data in motion across systems, platforms, and environments. By combining PCI-validated P2PE, vaultless tokenization, and orchestration, Bluefin established a new model for securing transactions from the inside out. Today, Bluefin supports more than 40,000 customers across 60 countries and 300+ integration partners, securing billions of transactions and data exchanges annua
As reported in public records reported — not modeled.
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.
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.
Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 17%.
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 crypto/web3 sector profile. Directional, not a quoted figure.
Benchmarked against 196 companies in Crypto / Web3. 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.
Raised more than 98% of sector peers (real $). Modeled value above 99% of peers (estimate).
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 D+ | $315.0M | 2019-07-01 | $2.6B | $12.0B | 90% |
| Series D+ | $385.0M | 2019-09-06 | $3.2B | $14.7B | 90% |
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
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.
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.
| Person | Role | Also runs | Tied since |
|---|---|---|---|
| Brian N. Sheth | — | 31 other | 2019-07 |
| MANEET S. SAROYA | — | 13 other | 2019-07 |
| JEFFREY S WILSON | — | 1 other | 2019-07 |
| NADEEM S. SYED | — | 1 other | 2019-07 |
| ANDREW S. HORWITZ | — | — | 2019-07 |
| BRANDON S. MEEKS | — | — | 2019-07 |
| BRIAN S. BARTHELMES | — | — | 2019-07 |
| CUSTODIO S. TOLEDO | — | — | 2019-09 |
| KEVIN S. DUNN | — | — | 2019-07 |
| KEVIN S. MACDONALD | — | — | 2019-07 |
| MICHAEL S. DURIK | — | — | 2019-09 |
| REINALDO S. ACOSTA | — | — | 2019-09 |
| STEVEN S. WHITE | — | — | 2019-07 |
Bluefin Topco, Llc is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.
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.
| Company | Sector | Stage | Raised · real | Value · est | Why similar |
|---|---|---|---|---|---|
| Payward, Inc. | Crypto / Web3 | Series D+ | $703.3M | $1.8B | same sector · same stage |
| Dapper Labs Inc. | Crypto / Web3 | Series D+ | $668.4M | $106.7M | same sector · same stage |
| Cersei Topco, Llc | Other | Growth/Late | $853.5M | $15.2B | network2 shared operators |
| Hoya Topco, LLC | Other | Growth/Late | $502.1M | $8.9B | network2 shared operators |
| Millennium Park Topco, LLC | Other | Series D+ | $604.4M | $4.4B | network1 shared operator · same stage |
| Blockdaemon Inc. | Crypto / Web3 | Series D+ | $412.4M | $666.8M | same sector · same stage |
| Merritt Topco, Inc. | Other | Growth/Late | $1.4B | $20.7M | network2 shared operators |
| Bellevue Topco, Inc. | Other | Growth/Late | $1.4B | $25.3B | network2 shared operators |
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.
| Company | Sector | Stage | Value · est | Match |
|---|---|---|---|---|
| Circle International Bermuda Ltd Circle helps businesses and developers harness the power of stablecoins for payments and internet commerce worldwide. Learn more today! | Crypto / Web3 | Growth/Late | $14.4B | 73% |
| Blockdaemon Inc. Trusted by 400+ institutions to launch, secure, and scale digital asset products across custody, tokenization, staking, payments, and settlement. | Crypto / Web3 | Series D+ | $666.8M | 73% |
| BlueCard Inc. | Other Technology | Pre-Seed | $21.2M | 72% |
| GoCardless We’re building the world’s bank payment network. | Fintech | — | — | 72% |
| Bluevine Capital, Inc. | Other Technology | Series B | $794.9M | 72% |
| Balance The first digital payment experience company, built for B2B. | Fintech | — | — | 72% |
| Upflow Cash collection tech for B2B businesses | Fintech | — | — | 72% |
| VaultPay Digital banking platform for the 30 million smartphone users in DRC. | Fintech | — | — | 72% |
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