Companies · Media & Content

Films TopCo, LP

NEW YORK · Media & Content · refined from filed group “Other

Diligence memoA one-page analyst read on Films TopCo, LP — recommendation, valuation, rhythm, risks.
$158.2M
Total raised · real
3
Rounds
0.0×
Latest step-up
Top 3%
Sector rank · raised
Series D+
Latest stage · inferred · Sun Sep 29 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Films TopCo, LP has raised $158M over 3 rounds; 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 media sector profile.

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

Quiet
  • Last raise 21 mo ago; this sector typically re-raises about every 12 months.
  • Slightly overdue versus sector cadence.

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

Issuer-vehicle patternmedium confidence

Films TopCo, LP 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
4.9 yr record
Peak capital year was 2021 with $156.7M across 2 filings.
Market position
ahead of 98% of Media & Content peers
Capital scale is ahead of 98% of Media & Content peers; modeled value is above 57% 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
Consistent
Canonical totals and visible filing detail are broadly aligned.
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 2021: $156.7M across 2 filings.
  • Largest single filing was $123.2M on 2021-07-22.
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.
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 Media & Content

Films TopCo, LP is one of 1052 Media & Content companies tracked from NEW YORK. By capital raised it ranks among the largest (ahead of 98% of sector peers), and mid-pack 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
3
Investors (latest)
2021
Year incorporated
2024-09-29
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$500M$1.0B$1.5B$2.0BSeries D+ · 2021-07-22 Raised $123M (real) Modeled valuation $1.6B (est)$123M$1.6BSeries D+2021Series D+ · 2021-12-21 Raised $33M (real) Modeled valuation $418M (est)$33M$418MSeries D+2021Series D+ · 2024-09-29 Raised $1.5M (real) Modeled valuation $13M (est)$1.5M$13MSeries D+2024+$33M+$1.5MCumulative $158M

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 D+$123.2M · 2021
Series D+ extension$33.5M · 2021
Series D+ extension$1.5M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, 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: 17%.

Modeled valuation trajectory
$12.5M
Base estimate est.
$7.7M
Conservative case
$16.9M
Upside case
$12.6M
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 media sector profile. Directional, not a quoted figure.

Series D+ · modeled $1.6B · 2021-07-222021Series D+ · modeled $417.8M · 2021-12-21Series D+ · modeled $12.5M · 2024-09-292024
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
77%
Survival probability
61% low · 85% high
1.16×/yr
Annual markup
1.30×/yr upside case
1.8 yr
Elapsed time used
1.8 yr actual, capped for stale marks
media
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
19 mo
Avg between rounds
$49.6M/yr
Capital velocity
4.9 yr
On record since
2021
First round
3
Rounds on file
How it compares to the market

Benchmarked against 1052 companies in Media & Content. 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) 71× above median
This company$158.2M
Sector median$2.2M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.0× of median
This company$1.5M
Sector median$107.5M
Modeled value — vs sector median (estimate, all stages) 0.8× of median
This company$12.5M
Sector median$16.7M

Raised more than 98% of sector peers (real $). Modeled value above 57% 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 companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0B$100.0M$1.0BCapital raised (log)A24 Films LLC · Series D+ Raised $225.0M · modeled $2.7B (est)Jasper AI, Inc. · Series D+ Raised $140.6M · modeled $1.6B (est)Northside Entertainment Holdings, LLC · Series D+ Raised $515.9M · modeled $761.3M (est)Films TopCo, LP (this company) Raised $158.2M · modeled $12.5M (est)Films TopCo, LP
CompanyStageRaised · realValue · estvs peer med.
A24 Films LLCSeries D+$225.0M$2.7B2.27×
Jasper AI, Inc.Series D+$140.6M$1.6B1.37×
Northside Entertainment Holdings, LLCSeries D+$515.9M$761.3M0.63×
Films TopCo, LP this companySeries D+$158.2M$12.5M0.01×
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 D+$123.2M2021-07-22$1.0B$1.6B90%
Series D+$33.5M2021-12-21$278.9M$417.8M90%
Series D+$1.5M2024-09-29$12.6M$12.5M90%
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 D+$123.2M2021-07-22
    • First recorded raise — entered as Series D+.
    • 65 investors on this round.
  2. Series D+$33.5M2021-12-21
    • Came back fast: 5 mo vs the ~12 mo sector norm.
    • Round 3.7× smaller than the prior — bridge or down round.
    • 81 investors on this round.
  3. Series D+$1.5M2024-09-29
    • Raised again after 33 mo — slower than the ~12 mo sector norm.
    • Round 22.1× smaller than the prior — bridge or down round.
    • 3 investors on this round.
Intelligence
2026 ~Q2
Modeled next raise · ~19mo cadence
$1.5M
Modeled next size est.range $1.5M$2.4M
0.0×
Last step-up
$49.6M/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
Kimberly K Jude2024-09
Michael Turzenski2021-07
M. Kathleen Bolhous2021-07
Registry & provenance

Films TopCo, LP 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
1875929
SEC CIK
2021
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
Zenimax Media IncMedia & ContentSeries D+$187.4M$14.0Msame sector · same stage
Bitmovin, Inc.Media & ContentSeries B$77.0M$15.5Msame sector
Warner Music Group Corp.Media & ContentSeries B$52.6M$4.7Msame sector
Odyssey Media Group, Inc.Media & ContentSeries B$39.9M$18.7Msame sector
Adroit Worldwide Media, Inc.Media & ContentSeries A$36.3M$12.9Msame sector
Dolphin Entertainment, Inc.Media & ContentSeries B$33.4M$19.4Msame sector
Unchained Entertainment, LLCMedia & ContentSeries A$24.2M$5.8Msame sector
Thin Film Electronics ASAMedia & ContentSeries B$23.4M$20.2Msame sector
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
Now Media Topco, LLCMedia & ContentSeries B$152.1M84%
Big L Film LLCMedia & ContentPre-Seed$305K81%
Silo Film LlcMedia & ContentPre-Seed$2.5M80%
CM Films, LLCMedia & ContentPre-Seed$5.3M80%
Top This Media, LLCMedia & ContentPre-Seed$4.9M80%
Shermco Topco, LPOtherSeries B$313.6M79%
CL Film Project 2 LLCMedia & ContentPre-Seed$14.6M79%
Second One Films, LLCMedia & ContentPre-Seed$7.8M79%
Frequently asked
How much funding has Films TopCo, LP raised?
Films TopCo, LP has raised approximately $158.2M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Films TopCo, LP's estimated valuation?
Provath's modeled valuation for Films TopCo, LP is approximately $12.5M (modeled range $7.7M–$16.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Films TopCo, LP at?
Films TopCo, LP's latest modeled financing stage is Series D+. Its most recent recorded round closed around Sun Sep 29.
What does Films TopCo, LP do and where is it based?
Films TopCo, LP operates in the Media & Content sector, based in NEW YORK.
Explore related

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

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