Companies · Other Technology

Etsy Inc

BROOKLYN · Other Technology

Diligence memoA one-page analyst read on Etsy Inc — recommendation, valuation, rhythm, risks.
$45.6M
Total raised · real
2
Rounds
0.1×
Latest step-up
Top 9%
Sector rank · raised
Series C
Latest stage · inferred · Tue Apr 29 2014 00:00:00 GMT+0000 (Coordinated Universal Time)

Etsy 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. 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.

Under-valued
  • Modeled value is 0.11× the median modeled value of Series C Other Technology companies in 2013–2015 (101 peers) — value vs value, same stage and era.
Dormant
  • Last raise 12.2 yr ago; this sector typically re-raises about every 13 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 Technology

Etsy Inc is one of 21292 Other Technology companies tracked from BROOKLYN. By capital raised it ranks among the largest (ahead of 92% 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$500M$1.0B$1.5B$2.0BSeries C · 2012-05-01 Raised $40M (real) Modeled valuation $1.3B (est)$40M$1.3BSeries C2012Series C · 2014-04-29 Raised $5.6M (real) Modeled valuation $176M (est)$5.6M$176MSeries C2014+$5.6MCumulative $46M

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 C$40.0M · 2012
Series C extension$5.6M · 2014

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 20%.

Modeled valuation trajectory
$176.2M
Base estimate est.
$21.2M
Conservative case
$464.2M
Upside case
$37.4M
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 C · modeled $1.3B · 2012-05-012012Series C · modeled $176.2M · 2014-04-292014
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
12.2 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
24 mo
Avg between rounds
$22.9M/yr
Capital velocity
14.2 yr
On record since
2012
First round
2
Rounds on file
How it compares to the market

Benchmarked against 21292 companies in Other Technology. 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) 14× above median
This company$45.6M
Sector median$3.2M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.1× of median
This company$5.6M
Sector median$50.0M
Modeled value — vs sector median (estimate, all stages) 4.7× above median
This company$176.2M
Sector median$37.3M

Raised more than 92% of sector peers (real $). Modeled value above 82% 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. This company ranks #98 of 101.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Open Text Corp · Series C Raised $200.0M · modeled $3.1B (est)Mobilitie Investments III, LLC · Series C Raised $100.0M · modeled $3.1B (est)Gct Semiconductor Inc · Series C Raised $334.9M · modeled $3.1B (est)Netsuite Inc · Series C Raised $100.4M · modeled $3.1B (est)Datadog, Inc. · Series C Raised $147.2M · modeled $3.0B (est)AvePoint, Inc. · Series C Raised $90.0M · modeled $2.8B (est)Munchery Inc. · Series C Raised $117.8M · modeled $2.7B (est)Lithium Technologies, Inc. · Series C Raised $196.2M · modeled $2.7B (est)Appdynamics Inc · Series C Raised $94.4M · modeled $2.6B (est)HotChalk, Inc. · Series C Raised $83.1M · modeled $2.6B (est)Arecont Vision, LLC · Series C Raised $80.0M · modeled $2.5B (est)ZocDoc Inc · Series C Raised $148.6M · modeled $2.5B (est)Etsy Inc (this company) Raised $45.6M · modeled $176.2M (est)Etsy Inc
CompanyStageRaised · realValue · estvs peer med.
Open Text CorpSeries C$200.0M$3.1B1.97×
Mobilitie Investments III, LLCSeries C$100.0M$3.1B1.97×
Gct Semiconductor IncSeries C$334.9M$3.1B1.94×
Netsuite IncSeries C$100.4M$3.1B1.94×
Datadog, Inc.Series C$147.2M$3.0B1.86×
AvePoint, Inc.Series C$90.0M$2.8B1.77×
Munchery Inc.Series C$117.8M$2.7B1.70×
Lithium Technologies, Inc.Series C$196.2M$2.7B1.70×
Appdynamics IncSeries C$94.4M$2.6B1.64×
HotChalk, Inc.Series C$83.1M$2.6B1.63×
Arecont Vision, LLCSeries C$80.0M$2.5B1.57×
ZocDoc IncSeries C$148.6M$2.5B1.57×
Etsy Inc this companySeries C$45.6M$176.2M0.11×
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 C$40.0M2012-05-01$266.7M$1.3B90%
Series C$5.6M2014-04-29$37.4M$176.2M90%
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 C$40.0M2012-05-01
    • First recorded raise — entered as Series C.
  2. Series C$5.6M2014-04-29
    • Raised again after 24 mo — slower than the ~13 mo sector norm.
    • Round 7.1× smaller than the prior — bridge or down round.
Intelligence
2016 ~Q2
Modeled next raise · ~24mo cadence
$5.6M
Modeled next size est.range $5.6M$9.0M
0.1×
Last step-up
$22.9M/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
Fred Wilson14 other2012-05
Daniel Rimer6 other2012-05
James Breyer5 other2012-05
Jonathan Klein4 other2012-05
Caterina Fake3 other2012-05
Caterina Chad Fake2014-04
Chad Dickerson2012-05
Daniel Chad Rimer2014-04
Fred Chad Wilson2014-04
James Chad Breyer2014-04
Jeffrey Chad Dickerson2014-04
Jonathan Chad Klein2014-04
Kristina Chad Salen2014-04
Michele Chad Burns2014-04
Sinohe Terrero2012-05
Registry & provenance

Etsy 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
1370637
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
Flipboard, Inc.Other TechnologySeries C$125.5M$433.6Mnetwork1 shared operator · same sector · same stage
Brightcove IncOther TechnologySeries B$65.9M$34.8Mnetwork1 shared operator · same sector
Sidecar Technologies, Inc.Other TechnologySeries B$31.5M$121.8Mnetwork1 shared operator · same sector
Wickr Inc.Other TechnologySeries B$82.9M$184.5Mnetwork1 shared operator · same sector
Tassat Group Inc.Other TechnologySeries C$60.5M$183.1Msame sector · same stage
Ibiquity Digital CorpTelecommunicationsSeries C$42.5M$843.6Mnetwork1 shared operator · same stage
Noya PBCOther TechnologySeries B$22.0M$262.4Mnetwork1 shared operator · same sector
Gloo Holdings, LLCOther TechnologySeries C$64.6M$184.6Msame sector · same stage
Frequently asked
How much funding has Etsy Inc raised?
Etsy Inc has raised approximately $45.6M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Etsy Inc's estimated valuation?
Provath's modeled valuation for Etsy Inc is approximately $176.2M (modeled range $21.2M–$464.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Etsy Inc at?
Etsy Inc's latest modeled financing stage is Series C. Its most recent recorded round closed around Tue Apr 29.
What does Etsy Inc do and where is it based?
Etsy Inc operates in the Other Technology sector, based in BROOKLYN.
Explore related

See where Etsy Inc 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 Etsy Inc, 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.