Companies · Other

eShares Inc

San Francisco · Other

Diligence memoA one-page analyst read on eShares Inc — recommendation, valuation, rhythm, risks.
$1.1B
Total raised · real
5
Rounds
2.8×
Latest step-up
Top 1%
Sector rank · raised
Growth/Late
Latest stage · inferred · Fri Jul 30 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

eShares Inc looks fair 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.

Fair
  • Modeled value is 0.86× the median modeled value of Growth/Late Other companies in 2019–2021 (33 peers) — value vs value, same stage and era.
  • Within the normal band (86% of peer median) for its niche.
Dormant
  • Last raise 4.9 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

eShares Inc is one of 25015 Other companies tracked from San Francisco. By capital raised it ranks among the largest (ahead of 100% 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
19
Investors (latest)
2021-07-30
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$2.5B$5.0B$7.5B$10.0BSeries B · 2017-08-25 Raised $39M (real) Modeled valuation $650M (est)$39M$650MSeries B2017Series C · 2018-12-26 Raised $63M (real) Modeled valuation $1.1B (est)$63M$1.1BSeries C2018Series D+ · 2019-05-03 Raised $271M (real) Modeled valuation $4.7B (est)$271M$4.7BSeries D+2019Series D+ · 2020-04-07 Raised $210M (real) Modeled valuation $3.6B (est)$210M$3.6BSeries D+2020Series D+ · 2020-04-07 Raised $175M (real) Modeled valuation $3.0B (est)$175M$3.0BSeries D+2020Growth/Late · 2021-07-30 Raised $498M (real) Modeled valuation $7.8B (est)$498M$7.8BGrowth/Late2021+$63M+$271M+$210M+$175M+$498MCumulative $1.3B

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$39.1M · 2017
Series C$62.6M · 2018
Series D+$271.5M · 2019
Series D+ extension$210.0M · 2020
Series D+ extension$175.0M · 2020
Growth/Late$498.5M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 57%.

Modeled valuation trajectory
$7.8B
Base estimate est.
$3.9B
Conservative case
$12.9B
Upside case
$5.0B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Growth/Latea round over $400M). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Series B · modeled $649.6M · 2017-08-252017Series C · modeled $1.1B · 2018-12-26Series D+ · modeled $4.7B · 2019-05-03Series D+ · modeled $3.6B · 2020-04-07Series D+ · modeled $3.0B · 2020-04-07Growth/Late · modeled $7.8B · 2021-07-302021
Model inputs · modeled:benchmark-stage-stepup-v1
10%
Dilution assumption
Implied ownership sold in the financing.
90%
Survival probability
78% low · 97% high
1.12×/yr
Annual markup
1.22×/yr upside case
4.9 yr
Elapsed time used
4.9 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
9 mo
Avg between rounds
$275.3M/yr
Capital velocity
8.9 yr
On record since
2017
First round
6
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) 529× above median
This company$1.1B
Sector median$2.0M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 1.0× of median
This company$498.5M
Sector median$513.1M
Modeled value — vs sector median (estimate, all stages) 444× above median
This company$7.8B
Sector median$17.7M

Raised more than 100% of sector peers (real $). Modeled value above 100% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Growth/Late) 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 #20 of 33.

This companyCohort peer
$1.0B$10.0B$100.0B$100.0M$1.0B$10.0BCapital raised (log)Mickey Barreto Missions · Growth/Late Raised $2.2B · modeled $39.5B (est)Uber Freight Holding Corp · Growth/Late Raised $2.2B · modeled $34.0B (est)Saturn Ultimate, Inc. · Growth/Late Raised $2.1B · modeled $31.5B (est)Millennium Top1 Corp · Growth/Late Raised $1.7B · modeled $26.2B (est)Bellevue Topco, Inc. · Growth/Late Raised $1.4B · modeled $25.3B (est)Tallinn Topco, Inc. · Growth/Late Raised $1.2B · modeled $20.7B (est)Dynamo Topco, Inc. · Growth/Late Raised $1.2B · modeled $18.6B (est)Torreys Topco, Inc. · Growth/Late Raised $900.6M · modeled $16.0B (est)Gainster Topco, Inc. · Growth/Late Raised $936.7M · modeled $15.7B (est)D&P US Holding Corp · Growth/Late Raised $866.0M · modeled $15.4B (est)Quibi Holdings, LLC · Growth/Late Raised $1.8B · modeled $13.3B (est)BIB Central American Card Receivables Ltd · Growth/Late Raised $700.0M · modeled $12.4B (est)eShares Inc (this company) Raised $1.1B · modeled $7.8B (est)eShares Inc
CompanyStageRaised · realValue · estvs peer med.
Mickey Barreto MissionsGrowth/Late$2.2B$39.5B4.36×
Uber Freight Holding CorpGrowth/Late$2.2B$34.0B3.75×
Saturn Ultimate, Inc.Growth/Late$2.1B$31.5B3.48×
Millennium Top1 CorpGrowth/Late$1.7B$26.2B2.89×
Bellevue Topco, Inc.Growth/Late$1.4B$25.3B2.79×
Tallinn Topco, Inc.Growth/Late$1.2B$20.7B2.28×
Dynamo Topco, Inc.Growth/Late$1.2B$18.6B2.05×
Torreys Topco, Inc.Growth/Late$900.6M$16.0B1.76×
Gainster Topco, Inc.Growth/Late$936.7M$15.7B1.74×
D&P US Holding CorpGrowth/Late$866.0M$15.4B1.70×
Quibi Holdings, LLCGrowth/Late$1.8B$13.3B1.47×
BIB Central American Card Receivables LtdGrowth/Late$700.0M$12.4B1.37×
eShares Inc this companyGrowth/Late$1.1B$7.8B0.86×
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$39.1M2017-08-25$217.2M$649.6M90%
Series C$62.6M2018-12-26$417.4M$1.1B90%
Series D+$271.5M2019-05-03$2.3B$4.7B90%
Series D+$210.0M2020-04-07$1.7B$3.6B90%
Series D+$175.0M2020-04-07$1.5B$3.0B90%
Growth/Late$498.5M2021-07-30$5.0B$7.8B90%
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$39.1M2017-08-25
    • First recorded raise — entered as Series B.
    • 27 investors on this round.
  2. Series C$62.6M2018-12-26
    • Raised 16 mo later, in step with the ~11 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 53 investors on this round.
  3. Series D+$271.5M2019-05-03
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 4.3× larger than the prior — scaling up.
    • 15 investors on this round.
  4. Series D+$210.0M2020-04-07
    • Raised 11 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 39 investors on this round.
  5. Series D+$175.0M2020-04-07
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 34 investors on this round.
  6. Growth/Late$498.5M2021-07-30
    • Raised 16 mo later, in step with the ~11 mo sector norm.
    • Round 2.8× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 506(c)).
    • 19 investors on this round.
Intelligence
2022 ~Q2
Modeled next raise · ~9mo cadence
$1.4B
Modeled next size est.range $922.8M$2.3B
2.8×
Last step-up
$275.3M/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
Matthew Murphy11 other2019-05
Arjun Sethi9 other2019-05
Marc Andreessen7 other2021-07
William Kohler3 other2021-07
Joe Osnoss1 other2021-07
Michael Deleray1 other2019-05
Alex Chien Hsing Kurland2018-12
Alex Kurland2019-05
Andrew Chien Hsing Parker2018-12
Andrew Daniel Parker2017-08
Arjun Chien Hsing Sethi2018-12
Arjun Shozen Sethi2020-04
Barbara Byrne2021-07
Charly Chien Hsing Kevers2017-08
Charly Kevers2021-07
Charly Shozen Kevers2019-05
Henry Shozen Ward2017-08
Henry Ward2021-07
John Ward Buttrick2017-08
Manu Chien Hsing Kumar2017-08
Marc Andresseen2019-05
Marc Shozen Andreessen2020-04
Matthew Chien Hsing Murphy2018-12
Matthew Shozen Murphy2020-04
Registry & provenance

eShares 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
1718624
SEC CIK
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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.

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Frequently asked
How much funding has eShares Inc raised?
eShares Inc has raised approximately $1.1B in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is eShares Inc's estimated valuation?
Provath's modeled valuation for eShares Inc is approximately $7.8B (modeled range $3.9B–$12.9B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is eShares Inc at?
eShares Inc's latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Fri Jul 30.
What does eShares Inc do and where is it based?
eShares Inc operates in the Other sector, based in San Francisco.
Explore related

See where eShares Inc sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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