Companies · Other

Covestor Inc

BOSTON · Other

Diligence memoA one-page analyst read on Covestor Inc — recommendation, valuation, rhythm, risks.
$380.6M
Total raised · real
4
Rounds
3.3×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Fri Jun 07 2013 00:00:00 GMT+0000 (Coordinated Universal Time)

Covestor Inc looks under-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.

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 0.08× the median modeled value of Series D+ Other companies in 2013–2015 (90 peers) — value vs value, same stage and era.
Dormant
  • Last raise 13.1 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal cadence.
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 Other

Covestor Inc is one of 25015 Other companies tracked from BOSTON. By capital raised it ranks among the largest (ahead of 99% 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
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$10.0BSeed · 2010-02-18 Raised $3.6M (real) Modeled valuation $67M (est)$3.6M$67MSeed2010Series D+ · 2010-02-18 Raised $360M (real) Modeled valuation $6.2B (est)$360M$6.2BSeries D+2010Series D+ · 2011-08-18 Raised $4.0M (real) Modeled valuation $69M (est)$4.0M$69MSeries D+2011Series D+ · 2013-06-07 Raised $13M (real) Modeled valuation $225M (est)$13M$225MSeries D+2013+$360M+$4.0M+$13MCumulative $381M

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$3.6M · 2010
Series D+$360.0M · 2010no Series A / Series B / Series C on file
Series D+ extension$4.0M · 2011
Series D+ extension$13.0M · 2013

Stages are modeled from round size (public records carry no series label). No record for: Pre-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: 33%.

Modeled valuation trajectory
$224.6M
Base estimate est.
$73.7M
Conservative case
$492.0M
Upside case
$108.4M
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. Directional, not a quoted figure.

Seed · modeled $66.9M · 2010-02-182010Series D+ · modeled $6.2B · 2010-02-18Series D+ · modeled $69.0M · 2011-08-18Series D+ · modeled $224.6M · 2013-06-072013
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
85%
Survival probability
68% low · 94% high
1.16×/yr
Annual markup
1.30×/yr upside case
6.0 yr
Elapsed time used
13.1 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$115.4M/yr
Capital velocity
16.4 yr
On record since
2010
First round
4
Rounds on file
How it compares to the market

Benchmarked against 25015 companies in Other. 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) 186× above median
This company$380.6M
Sector median$2.0M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.1× of median
This company$13.0M
Sector median$125.1M
Modeled value — vs sector median (estimate, all stages) 13× above median
This company$224.6M
Sector median$17.7M

Raised more than 99% of sector peers (real $). Modeled value above 90% 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 #79 of 90.

This companyCohort peer
$100.0M$1.0B$10.0B$100.0M$1.0BCapital raised (log)Campaign Monitor Holdings (UK) Ltd · Series D+ Raised $800.9M · modeled $6.9B (est)Tomahawk Holdings, Inc. · Series D+ Raised $390.0M · modeled $6.7B (est)Cornell Capital Special Situations Partners II LP · Series D+ Raised $362.0M · modeled $6.2B (est)Liberty Resources II, LLC · Series D+ Raised $354.8M · modeled $6.1B (est)Resolute Investment Holdings, LLC · Series D+ Raised $342.2M · modeled $5.9B (est)THL Portfolio Holdings Corp. · Series D+ Raised $320.7M · modeled $5.5B (est)Stratasys Ltd. · Series D+ Raised $317.2M · modeled $5.5B (est)Forward Ventures, LLC · Series D+ Raised $540.9M · modeled $5.2B (est)Ch2M Hill Companies Ltd · Series D+ Raised $300.0M · modeled $5.2B (est)Vertice Pharma UK Parent Ltd · Series D+ Raised $300.0M · modeled $5.2B (est)Ajax Resources Holdings LLC · Series D+ Raised $298.0M · modeled $5.1B (est)Sea Island Clothiers Holdings, LLC · Series D+ Raised $293.5M · modeled $5.1B (est)Covestor Inc (this company) Raised $380.6M · modeled $224.6M (est)Covestor Inc
CompanyStageRaised · realValue · estvs peer med.
Campaign Monitor Holdings (UK) LtdSeries D+$800.9M$6.9B2.50×
Tomahawk Holdings, Inc.Series D+$390.0M$6.7B2.45×
Cornell Capital Special Situations Partners II LPSeries D+$362.0M$6.2B2.27×
Liberty Resources II, LLCSeries D+$354.8M$6.1B2.23×
Resolute Investment Holdings, LLCSeries D+$342.2M$5.9B2.15×
THL Portfolio Holdings Corp.Series D+$320.7M$5.5B2.01×
Stratasys Ltd.Series D+$317.2M$5.5B1.99×
Forward Ventures, LLCSeries D+$540.9M$5.2B1.88×
Ch2M Hill Companies LtdSeries D+$300.0M$5.2B1.88×
Vertice Pharma UK Parent LtdSeries D+$300.0M$5.2B1.88×
Ajax Resources Holdings LLCSeries D+$298.0M$5.1B1.87×
Sea Island Clothiers Holdings, LLCSeries D+$293.5M$5.1B1.84×
Covestor Inc this companySeries D+$380.6M$224.6M0.08×
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$3.6M2010-02-18$18.0M$66.9M90%
Series D+$360.0M2010-02-18$3.0B$6.2B90%
Series D+$4.0M2011-08-18$33.3M$69.0M90%
Series D+$13.0M2013-06-07$108.4M$224.6M90%
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$3.6M2010-02-18
    • First recorded raise — entered as Seed.
  2. Series D+$360.0M2010-02-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 100.0× larger than the prior — scaling up.
  3. Series D+$4.0M2011-08-18
    • Raised again after 18 mo — slower than the ~11 mo sector norm.
    • Round 90.0× smaller than the prior — bridge or down round.
  4. Series D+$13.0M2013-06-07
    • Raised again after 22 mo — slower than the ~11 mo sector norm.
    • Round 3.3× larger than the prior — scaling up.
Intelligence
2014 ~Q3
Modeled next raise · ~13mo cadence
$39.0M
Modeled next size est.range $25.4M$62.5M
3.3×
Last step-up
$115.4M/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
Albert Wenger19 other2010-02
Todd Dagres11 other2010-02
John Sinclair2 other2013-06
Rikki Tahta1 other2010-02
Anne Glover2011-08
Antoine Devine2013-06
Asheesh Advani2011-08
Jamie Cornell2013-06
Perry Blacher2010-02
Rob Klapper2011-08
Simon Veingard2010-02
Tom Dorsky2013-06
Registry & provenance

Covestor 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
1485465
SEC CIK
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Desert Newco, LLCOtherSeries D+$179.6M$225.1Msame sector · same stage
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Flywheel Sports, Inc.OtherSeries D+$120.9M$208.4Msame sector · same stage
Frequently asked
How much funding has Covestor Inc raised?
Covestor Inc has raised approximately $380.6M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Covestor Inc's estimated valuation?
Provath's modeled valuation for Covestor Inc is approximately $224.6M (modeled range $73.7M–$492.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Covestor Inc at?
Covestor Inc's latest modeled financing stage is Series D+. Its most recent recorded round closed around Fri Jun 07.
What does Covestor Inc do and where is it based?
Covestor Inc operates in the Other sector, based in BOSTON.
Explore related

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