Companies · Telecommunications

Borqs International Holding Corp

Beijing · Telecommunications

Diligence memoA one-page analyst read on Borqs International Holding Corp — recommendation, valuation, rhythm, risks.
$36.1M
Total raised · real
3
Rounds
0.9×
Latest step-up
Top 17%
Sector rank · raised
Series A
Latest stage · inferred · Mon Feb 14 2011 00:00:00 GMT+0000 (Coordinated Universal Time)

Borqs International Holding Corp looks over-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the telecom sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 2.24× the median modeled value of Series A Telecommunications companies in 2010–2012 (60 peers) — value vs value, same stage and era.
Dormant
  • Last raise 15.4 yr ago; this sector typically re-raises about every 10 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Borqs International Holding Corp 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
17.0 yr record
Peak capital year was 2011 with $22.6M across 2 filings.
Market position
ahead of 84% of Telecommunications peers
Capital scale is ahead of 84% of Telecommunications peers; modeled value is above 83% 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
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2011: $22.6M across 2 filings.
  • Largest single filing was $13.5M on 2009-06-26.
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 Telecommunications

Borqs International Holding Corp is one of 929 Telecommunications companies tracked from Beijing. By capital raised it ranks in the upper tier (ahead of 84% 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
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$125M$250M$375M$500MSeries A · 2009-06-26 Raised $14M (real) Modeled valuation $237M (est)$14M$237MSeries A2009Series A · 2011-02-14 Raised $12M (real) Modeled valuation $212M (est)$12M$212MSeries A2011Series A · 2011-02-14 Raised $10M (real) Modeled valuation $184M (est)$10M$184MSeries A2011+$12M+$10MCumulative $36M

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 A$13.5M · 2009
Series A extension$12.1M · 2011
Series A extension$10.5M · 2011

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$211.6M
Base estimate est.
$16.0M
Conservative case
$1.2B
Upside case
$54.9M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the telecom sector profile. Directional, not a quoted figure.

Series A · modeled $236.6M · 2009-06-262009Series A · modeled $211.6M · 2011-02-14Series A · modeled $184.0M · 2011-02-142011
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
53%
Survival probability
29% low · 73% high
1.39×/yr
Annual markup
1.75×/yr upside case
6.0 yr
Elapsed time used
15.4 yr actual, capped for stale marks
telecom
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$22.0M/yr
Capital velocity
17.0 yr
On record since
2009
First round
3
Rounds on file
How it compares to the market

Benchmarked against 929 companies in Telecommunications. 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) 9.1× above median
This company$36.1M
Sector median$4.0M
Latest round — vs other Series A rounds in sector (real $, this stage) 2.0× above median
This company$10.5M
Sector median$5.3M
Modeled value — vs sector median (estimate, all stages) 7.5× above median
This company$211.6M
Sector median$28.3M

Raised more than 84% of sector peers (real $). Modeled value above 83% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #6 of 60.

This companyCohort peer
$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Destination Media, Inc. · Series A Raised $17.7M · modeled $233.1M (est)Tely Labs, Inc. · Series A Raised $13.0M · modeled $227.9M (est)Mblast Inc · Series A Raised $25.8M · modeled $226.4M (est)Matrixx Software, Inc. · Series A Raised $24.1M · modeled $220.9M (est)Unitek Holdings Inc · Series A Raised $12.5M · modeled $219.1M (est)Waxess Holdings, Inc. · Series A Raised $20.6M · modeled $210.3M (est)Kineto Wireless Inc · Series A Raised $44.8M · modeled $209.4M (est)Applied Optoelectronics Inc · Series A Raised $17.3M · modeled $192.7M (est)GENBAND II, Inc. · Series A Raised $12.8M · modeled $189.1M (est)Telanetix,Inc · Series A Raised $12.0M · modeled $184.0M (est)Open Range Communications Inc · Series A Raised $10.0M · modeled $175.3M (est)Borqs International Holding Corp (this company) Raised $36.1M · modeled $211.6M (est)Borqs International Holding Corp
CompanyStageRaised · realValue · estvs peer med.
Destination Media, Inc.Series A$17.7M$233.1M2.46×
Tely Labs, Inc.Series A$13.0M$227.9M2.41×
Mblast IncSeries A$25.8M$226.4M2.39×
Matrixx Software, Inc.Series A$24.1M$220.9M2.33×
Unitek Holdings IncSeries A$12.5M$219.1M2.31×
Borqs International Holding Corp this companySeries A$36.1M$211.6M2.24×
Waxess Holdings, Inc.Series A$20.6M$210.3M2.22×
Kineto Wireless IncSeries A$44.8M$209.4M2.21×
Applied Optoelectronics IncSeries A$17.3M$192.7M2.04×
GENBAND II, Inc.Series A$12.8M$189.1M2.00×
Telanetix,IncSeries A$12.0M$184.0M1.94×
Open Range Communications IncSeries A$10.0M$175.3M1.85×
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 A$13.5M2009-06-26$61.4M$236.6M90%
Series A$12.1M2011-02-14$54.9M$211.6M90%
Series A$10.5M2011-02-14$47.7M$184.0M90%
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 A$13.5M2009-06-26
    • First recorded raise — entered as Series A.
  2. Series A$12.1M2011-02-14
    • Raised again after 20 mo — slower than the ~10 mo sector norm.
    • Round roughly the size of the prior one.
  3. Series A$10.5M2011-02-14
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
Intelligence
2011 ~Q4
Modeled next raise · ~10mo cadence
$10.5M
Modeled next size est.range $10.5M$16.8M
0.9×
Last step-up
$22.0M/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
Jian Ding1 other2009-06
Mohan Kumar1 other2009-06
Pat Sek Yuen Chan1 other2009-06
Jian Sek Yuen Ding2011-02
Jing-Chun Sek Yuen Sun2011-02
Jing-Chun Sun2009-06
Jun Sek Yuen Song2011-02
Jun Song2009-06
Mohan Sek Yuen Kumar2011-02
Zhixiong Sek Yuen Zhou2011-02
Zhixiong Zhou2009-06
Registry & provenance

Borqs International Holding Corp 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
1428513
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
Deep Fiber Solutions, Inc.TelecommunicationsSeries A$35.4M$121.0Msame sector · same stage
Bridgewave Communications IncTelecommunicationsSeries A$34.5M$52.8Msame sector · same stage
Resonant IncTelecommunicationsSeries A$39.9M$175.6Msame sector · same stage
Fiberzone Networks IncTelecommunicationsSeries A$31.4M$200.6Msame sector · same stage
Signal Point Holdings Corp.TelecommunicationsSeries A$29.4M$187.6Msame sector · same stage
Kineto Wireless IncTelecommunicationsSeries A$44.8M$209.4Msame sector · same stage
Blinq Networks, Inc.TelecommunicationsSeries A$27.2M$47.7Msame sector · same stage
Gabb Wireless, Inc.TelecommunicationsSeries A$26.5M$152.3Msame sector · same stage
Frequently asked
How much funding has Borqs International Holding Corp raised?
Borqs International Holding Corp has raised approximately $36.1M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Borqs International Holding Corp's estimated valuation?
Provath's modeled valuation for Borqs International Holding Corp is approximately $211.6M (modeled range $16.0M–$1.2B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Borqs International Holding Corp at?
Borqs International Holding Corp's latest modeled financing stage is Series A. Its most recent recorded round closed around Mon Feb 14.
What does Borqs International Holding Corp do and where is it based?
Borqs International Holding Corp operates in the Telecommunications sector, based in Beijing.
Explore related

See where Borqs International Holding Corp 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 Borqs International Holding Corp, 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.