Companies · Software / Tech

Cherwell Software, LLC

COLORADO SPRINGS · Software / Tech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Cherwell Software, LLC — recommendation, valuation, rhythm, risks.
$83.3M
Total raised · real
1
Rounds
1.0×
Latest step-up
Top 7%
Sector rank · raised
Series C
Latest stage · inferred · Thu Feb 05 2015 00:00:00 GMT+0000 (Coordinated Universal Time)

Cherwell Software, LLC has raised $83M over 1 round; 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 technology sector profile.

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

Dormant
  • Last raise 11.4 yr ago; this sector typically re-raises about every 13 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.

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

Issuer-vehicle patternmedium confidence

Cherwell Software, LLC 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
11.4 yr record
Peak capital year was 2015 with $223.0M across 6 filings.
Market position
ahead of 94% of Software / Tech peers
Capital scale is ahead of 94% of Software / Tech peers; modeled value is above 98% 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
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
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 2015: $223.0M across 6 filings.
  • Largest single filing was $83.3M on 2015-02-05.
  • Filing rows sum to $223.0M, while canonical raised total is $83.3M; likely amendments/superseded rows are mixed into the detail view.
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.
  • Canonical filtering should be tightened before using row-level totals for diligence.
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

Cherwell Software, LLC is one of 3920 Software / Tech companies tracked from COLORADO SPRINGS. By capital raised it ranks among the largest (ahead of 94% 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
76
Investors (latest)
2015-02-05
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$1.3B$2.5B$3.8B$5.0BSeries B · 2015-02-05 Raised $19M (real) Modeled valuation $570M (est)$19M$570MSeries B2015Seed · 2015-02-05 Raised $3.2M (real) Modeled valuation $108M (est)$3.2M$108MSeed2015Series B · 2015-02-05 Raised $29M (real) Modeled valuation $886M (est)$29M$886MSeries B2015Series A · 2015-02-05 Raised $8.2M (real) Modeled valuation $227M (est)$8.2M$227MSeries A2015Series C · 2015-02-05 Raised $81M (real) Modeled valuation $2.5B (est)$81M$2.5BSeries C2015Series C · 2015-02-05 Raised $83M (real) Modeled valuation $2.6B (est)$83M$2.6BSeries C2015+$3.2M+$29M+$8.2M+$81M+$83MCumulative $223M

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$18.7M · 2015
Bridge · Series B-stage$3.2M · 2015smaller follow-on
Series B extension$29.1M · 2015
Bridge · Series B-stage$8.2M · 2015smaller follow-on
Series C$80.6M · 2015
Series C extension$83.3M · 2015

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
$2.6B
Base estimate est.
$315.5M
Conservative case
$6.9B
Upside case
$555.0M
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.

Series B · modeled $569.6M · 2015-02-052015Seed · modeled $108.0M · 2015-02-05Series B · modeled $886.2M · 2015-02-05Series A · modeled $226.9M · 2015-02-05Series C · modeled $2.5B · 2015-02-05Series C · modeled $2.6B · 2015-02-052015
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
6.0 yr
Elapsed time used
11.4 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
11.4 yr
On record since
2015
First round
6
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) 18× above median
This company$83.3M
Sector median$4.6M
Latest round — vs other Series C rounds in sector (real $, this stage) 1.6× above median
This company$83.3M
Sector median$51.0M
Modeled value — vs sector median (estimate, all stages) 72× above median
This company$2.6B
Sector median$36.6M

Raised more than 94% of sector peers (real $). Modeled value above 98% 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.

Not enough valued peers in this cohort to chart positioning.

CompanyStageRaised · realValue · estvs peer med.
Cherwell Software, LLC this companySeries C$83.3M$2.6B1.17×
Hall Labs LLCSeries C$58.5M$1.8B0.83×
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$18.7M2015-02-05$103.9M$569.6M90%
Seed$3.2M2015-02-05$15.9M$108.0M85%
Series B$29.1M2015-02-05$161.7M$886.2M90%
Series A$8.2M2015-02-05$37.2M$226.9M85%
Series C$80.6M2015-02-05$537.1M$2.5B90%
Series C$83.3M2015-02-05$555.0M$2.6B90%
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$18.7M2015-02-05
    • First recorded raise — entered as Series B.
    • 32 investors on this round.
  2. Seed$3.2M2015-02-05
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 5.9× smaller than the prior — bridge or down round.
    • 9 investors on this round.
  3. Series B$29.1M2015-02-05
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 9.2× larger than the prior — scaling up.
    • 50 investors on this round.
  4. Series A$8.2M2015-02-05
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.6× smaller than the prior — bridge or down round.
    • 18 investors on this round.
  5. Series C$80.6M2015-02-05
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 9.9× larger than the prior — scaling up.
    • 63 investors on this round.
  6. Series C$83.3M2015-02-05
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 76 investors on this round.
Intelligence
Modeled next raise
$86.0M
Modeled next size est.range $83.3M$137.6M
1.0×
Last step-up
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
Peter Segall7 other2015-02
Richard Wells7 other2015-02
Jaye Alison Alfers1 other2015-02
Andre K. Cuenin2015-02
Andrew Harman2015-02
Arlen G. Feldman2015-02
Craig A. Harper2015-02
Dave G. Welsh2015-02
Garrett (Gary) K. Golden2015-02
Jean Alison Patrick2015-02
John G. Spiliotis2015-02
Kevin Alison Morgan2015-02
Michael (Sam) G. Gilliland2015-02
Richard A. Mueller2015-02
Rob G. Salvagno2015-02
Ron A. Muns2015-02
Scott K. Gainey2015-02
Steve K. Rodda2015-02
Timothy G. Pfeifer2015-02
Vance Brown2015-02
Vincent G. Letteri2015-02
Registry & provenance

Cherwell Software, 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.

United States
Country of record
US
Jurisdiction
1636779
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
Peloton Technology, Inc.Software / TechSeries C$82.8M$2.1Bsame sector · same stage
BitSight Technologies, Inc.Software / TechSeries C$82.1M$1.9Bsame sector · same stage
Cohere Technologies, Inc.Software / TechSeries C$84.7M$1.0Bsame sector · same stage
Kyte Technologies, Inc.Software / TechSeries C$81.4M$1.8Bsame sector · same stage
Sortera Technologies, Inc.Software / TechSeries C$81.3M$802.2Msame sector · same stage
Bit Digital, IncSoftware / TechSeries C$81.1M$1.7Bsame sector · same stage
Dell Technologies IncSoftware / TechSeries C$85.5M$1.1Bsame sector · same stage
Concierge Technologies IncSoftware / TechSeries C$88.5M$2.7Bsame sector · same stage
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
Cherub Technologies, Inc.Software / TechSeed$9.8M88%
Groundswell Technologies IncSoftware / TechSeed$29.2M85%
Upwell Revenue Software Inc.Software / TechSeries A$23.8M85%
Tradewell Technologies Inc.Software / TechSeed$87.4M85%
GovWell Technologies Inc.Software / TechSeries A$30.4M84%
CherryCircle Software, Inc.Software / TechSeries A$52.0M84%
Tinwell Labs Inc.Software / TechSeries A$49.3M83%
Broadleaf Software, LLCSoftware / TechPre-Seed$16.0M83%
Frequently asked
How much funding has Cherwell Software, LLC raised?
Cherwell Software, LLC has raised approximately $83.3M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Cherwell Software, LLC's estimated valuation?
Provath's modeled valuation for Cherwell Software, LLC is approximately $2.6B (modeled range $315.5M–$6.9B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Cherwell Software, LLC at?
Cherwell Software, LLC's latest modeled financing stage is Series C. Its most recent recorded round closed around Thu Feb 05.
What does Cherwell Software, LLC do and where is it based?
Cherwell Software, LLC operates in the Software / Tech sector, based in COLORADO SPRINGS.
Explore related

See where Cherwell Software, LLC 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 Cherwell Software, LLC, 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.