Companies · Software / Tech

Figure Technologies, Inc.

SAN FRANCISCO · Software / Tech · refined from filed group “Other

Diligence memoA one-page analyst read on Figure Technologies, Inc. — recommendation, valuation, rhythm, risks.
$299.9M
Total raised · real
4
Rounds
2.0×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Fri May 28 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Figure Technologies, 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. 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.

Fair
  • Modeled value is 0.89× the median modeled value of Series D+ Software / Tech companies in 2019–2021 (34 peers) — value vs value, same stage and era.
  • Within the normal band (89% of peer median) for its niche.
Dormant
  • Last raise 5.1 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 Software / Tech

Figure Technologies, Inc. is one of 3920 Software / Tech companies tracked from SAN FRANCISCO. 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
Rule 506(b)
Reg D exemption
60
Investors (latest)
2018
Year incorporated
2021-05-28
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 C · 2018-05-24 Raised $51M (real) Modeled valuation $1.6B (est)$51M$1.6BSeries C2018Series C · 2019-02-15 Raised $74M (real) Modeled valuation $2.3B (est)$74M$2.3BSeries C2019Series C · 2019-10-21 Raised $59M (real) Modeled valuation $1.8B (est)$59M$1.8BSeries C2019Series D+ · 2021-05-28 Raised $116M (real) Modeled valuation $2.9B (est)$116M$2.9BSeries D+2021+$74M+$59M+$116MCumulative $300M

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$51.1M · 2018
Series C extension$73.6M · 2019
Series C extension$58.8M · 2019
Series D+$116.3M · 2021

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: 33%.

Modeled valuation trajectory
$2.9B
Base estimate est.
$645.9M
Conservative case
$5.8B
Upside case
$969.3M
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 scaled by the technology sector profile. Directional, not a quoted figure.

Series C · modeled $1.6B · 2018-05-242018Series C · modeled $2.3B · 2019-02-15Series C · modeled $1.8B · 2019-10-21Series D+ · modeled $2.9B · 2021-05-282021
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
83%
Survival probability
67% low · 92% high
1.29×/yr
Annual markup
1.44×/yr upside case
5.1 yr
Elapsed time used
5.1 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
12 mo
Avg between rounds
$99.6M/yr
Capital velocity
8.1 yr
On record since
2018
First round
4
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) 65× above median
This company$299.9M
Sector median$4.6M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.8× of median
This company$116.3M
Sector median$150.0M
Modeled value — vs sector median (estimate, all stages) 80× above median
This company$2.9B
Sector median$36.6M

Raised more than 99% of sector peers (real $). Modeled value above 99% 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 #21 of 34.

This companyCohort peer
$1.0B$10.0B$100.0M$1.0BCapital raised (log)Mango Technologies, Inc. · Series D+ Raised $532.4M · modeled $9.1B (est)Cloud Guru Group Inc. · Series D+ Raised $257.5M · modeled $8.1B (est)Alternative Platform LLC · Series D+ Raised $250.0M · modeled $7.9B (est)Astranis Space Technologies Corp. · Series D+ Raised $376.3M · modeled $7.4B (est)Badger Technology Co Holdings Ltd · Series D+ Raised $254.3M · modeled $6.5B (est)Economic Transformation Technologies Corp · Series D+ Raised $203.7M · modeled $6.3B (est)Apeel Technology, Inc. · Series D+ Raised $534.6M · modeled $6.1B (est)Notion Labs, Inc. · Series D+ Raised $327.0M · modeled $6.0B (est)Hyperloop Technologies, Inc. · Series D+ Raised $299.9M · modeled $5.4B (est)Onestream Software Llc · Series D+ Raised $200.0M · modeled $5.2B (est)Verint Systems Inc · Series D+ Raised $400.0M · modeled $5.2B (est)Luminar Technologies, Inc. · Series D+ Raised $257.3M · modeled $5.2B (est)Figure Technologies, Inc. (this company) Raised $299.9M · modeled $2.9B (est)Figure Technologies, Inc.
CompanyStageRaised · realValue · estvs peer med.
Mango Technologies, Inc.Series D+$532.4M$9.1B2.74×
Cloud Guru Group Inc.Series D+$257.5M$8.1B2.47×
Alternative Platform LLCSeries D+$250.0M$7.9B2.38×
Astranis Space Technologies Corp.Series D+$376.3M$7.4B2.25×
Badger Technology Co Holdings LtdSeries D+$254.3M$6.5B1.97×
Economic Transformation Technologies CorpSeries D+$203.7M$6.3B1.92×
Apeel Technology, Inc.Series D+$534.6M$6.1B1.84×
Notion Labs, Inc.Series D+$327.0M$6.0B1.82×
Hyperloop Technologies, Inc.Series D+$299.9M$5.4B1.65×
Onestream Software LlcSeries D+$200.0M$5.2B1.58×
Verint Systems IncSeries D+$400.0M$5.2B1.58×
Luminar Technologies, Inc.Series D+$257.3M$5.2B1.57×
Figure Technologies, Inc. this companySeries D+$299.9M$2.9B0.89×
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$51.1M2018-05-24$340.9M$1.6B90%
Series C$73.6M2019-02-15$490.6M$2.3B90%
Series C$58.8M2019-10-21$392.2M$1.8B90%
Series D+$116.3M2021-05-28$969.3M$2.9B90%
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$51.1M2018-05-24
    • First recorded raise — entered as Series C.
    • 56 investors on this round.
  2. Series C$73.6M2019-02-15
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 61 investors on this round.
  3. Series C$58.8M2019-10-21
    • Raised 8 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 36 investors on this round.
  4. Series D+$116.3M2021-05-28
    • Raised again after 19 mo — slower than the ~13 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 60 investors on this round.
Intelligence
2022 ~Q2
Modeled next raise · ~12mo cadence
$229.9M
Modeled next size est.range $149.5M$367.9M
2.0×
Last step-up
$99.6M/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
David Chao10 other2019-02
Adam Boyden6 other2019-02
Meyer Malka5 other2018-05
Asiff Hirji3 other2021-05
Ashley Harris2 other2019-10
June Ou2 other2018-05
Xinyi Chen2 other2018-05
Anthony Pompliano1 other2019-10
Michael Cagney1 other2018-05
Alana Ackerson2019-02
Sara Priola2018-05
TJ Milani2021-05
Registry & provenance

Figure Technologies, 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
1742847
SEC CIK
2018
Incorporated
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
Hippo Analytics Inc.Software / TechSeries D+$344.2M$4.7Bnetwork1 shared operator · same sector · same stage
Vise Technologies, Inc.Software / TechSeries D+$126.6M$2.8Bnetwork1 shared operator · same sector · same stage
Huntress Labs IncSoftware / TechSeries D+$292.1M$2.1Bsame sector · same stage
Elise A.I. Technologies Corp.Software / TechSeries D+$320.9M$1.8Bsame sector · same stage
Built Technologies, Inc.Software / TechSeries D+$277.6M$451.0Msame sector · same stage
Powerup Technology Inc.Software / TechSeries D+$277.0M$588.0Msame sector · same stage
JenaValve Technology IncSoftware / TechSeries D+$328.5M$2.2Bsame sector · same stage
Mammoth Admin & Tech, LLCSoftware / TechSeries D+$270.0M$3.4Bsame 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
Figure Inc.Other TechnologyPre-Seed$2.1M92%
Figure Solutions, Inc.OtherSeries A$94.5M88%
Art Data, Inc.Software / TechPre-Seed$17.0M81%
SciArt Software, Inc.Software / TechPre-Seed$5.5M81%
Sequence Arts & Technologies, Inc.Software / TechSeries A$43.9M81%
Collectable Technologies, Inc.Software / TechSeries A$106.8M81%
Digit Technologies Inc.Software / TechSeed$11.1M80%
Figura Labs, Inc.Software / TechPre-Seed$899K80%
Frequently asked
How much funding has Figure Technologies, Inc. raised?
Figure Technologies, Inc. has raised approximately $299.9M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Figure Technologies, Inc.'s estimated valuation?
Provath's modeled valuation for Figure Technologies, Inc. is approximately $2.9B (modeled range $645.9M–$5.8B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Figure Technologies, Inc. at?
Figure Technologies, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Fri May 28.
What does Figure Technologies, Inc. do and where is it based?
Figure Technologies, Inc. operates in the Software / Tech sector, based in SAN FRANCISCO.
Explore related

See where Figure Technologies, 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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