Companies · Other Technology

FLEXE, Inc.

SEATTLE · Other Technology

Diligence memoA one-page analyst read on FLEXE, Inc. — recommendation, valuation, rhythm, risks.
$206.2M
Total raised · real
5
Rounds
1.0×
Latest step-up
Top 2%
Sector rank · raised
Series C
Latest stage · inferred · Thu Apr 07 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

FLEXE, Inc. looks over-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.

Over-valued
  • Modeled value is 1.87× the median modeled value of Series C Other Technology companies in 2022–2024 (187 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.2 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

FLEXE, Inc. is one of 21302 Other Technology companies tracked from SEATTLE. 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
33
Investors (latest)
2022-04-07
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 A · 2015-11-10 Raised $4.4M (real) Modeled valuation $123M (est)Series A2015Series A · 2016-07-12 Raised $14M (real) Modeled valuation $395M (est)Series A2016Series B · 2019-03-13 Raised $40M (real) Modeled valuation $1.2B (est)Series B2019Series C · 2019-07-01 Raised $43M (real) Modeled valuation $1.4B (est)Series C2019Series C · 2020-11-18 Raised $80M (real) Modeled valuation $2.2B (est)Series C2020Series C · 2020-11-18 Raised $70M (real) Modeled valuation $2.0B (est)Series C2020Series C · 2022-04-07 Raised $68M (real) Modeled valuation $1.3B (est)Series C2022+$14M+$40M+$43M+$80M+$70M+$68MCumulative $319M

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 A$4.4M · 2015
Series A extension$14.3M · 2016
Series B$39.5M · 2019
Series C$43.0M · 2019
Series C extension$80.0M · 2020
Series C extension$70.0M · 2020
Series C extension$67.9M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 60%.

Modeled valuation trajectory
$1.3B
Base estimate est.
$257.4M
Conservative case
$2.6B
Upside case
$452.9M
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 A · modeled $123.0M · 2015-11-102015Series A · modeled $395.5M · 2016-07-12Series B · modeled $1.2B · 2019-03-13Series C · modeled $1.4B · 2019-07-01Series C · modeled $2.2B · 2020-11-18Series C · modeled $2.0B · 2020-11-18Series C · modeled $1.3B · 2022-04-072022
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
4.2 yr
Elapsed time used
4.2 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$32.2M/yr
Capital velocity
10.6 yr
On record since
2015
First round
7
Rounds on file
How it compares to the market

Benchmarked against 21302 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) 65× above median
This company$206.2M
Sector median$3.2M
Latest round — vs other Series C rounds in sector (real $, this stage) 1.4× above median
This company$67.9M
Sector median$50.0M
Modeled value — vs sector median (estimate, all stages) 34× above median
This company$1.3B
Sector median$37.3M

Raised more than 99% of sector peers (real $). Modeled value above 97% 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 #19 of 187.

This companyCohort peer
$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)LinkSquares, Inc. · Series C Raised $160.2M · modeled $1.9B (est)Semperis Ltd. · Series C Raised $130.0M · modeled $1.8B (est)Veev Group, Inc. · Series C Raised $94.5M · modeled $1.8B (est)GPI Acquisitions, Inc. · Series C Raised $175.0M · modeled $1.7B (est)DVX Ventures LLC · Series C Raised $119.8M · modeled $1.5B (est)Ncr Corp · Series C Raised $73.7M · modeled $1.5B (est)RelationalAI, Inc. · Series C Raised $74.0M · modeled $1.4B (est)Nantero Inc · Series C Raised $172.9M · modeled $1.4B (est)MoEngage, Inc. · Series C Raised $172.2M · modeled $1.4B (est)H2scan Corp · Series C Raised $83.2M · modeled $1.4B (est)ITsavvy Holdings, LLC · Series C Raised $81.4M · modeled $1.4B (est)Coherent Group Inc. · Series C Raised $74.0M · modeled $1.3B (est)FLEXE, Inc. (this company) Raised $206.2M · modeled $1.3B (est)FLEXE, Inc.
CompanyStageRaised · realValue · estvs peer med.
LinkSquares, Inc.Series C$160.2M$1.9B2.80×
Semperis Ltd.Series C$130.0M$1.8B2.74×
Veev Group, Inc.Series C$94.5M$1.8B2.71×
GPI Acquisitions, Inc.Series C$175.0M$1.7B2.47×
DVX Ventures LLCSeries C$119.8M$1.5B2.27×
Ncr CorpSeries C$73.7M$1.5B2.19×
RelationalAI, Inc.Series C$74.0M$1.4B2.07×
Nantero IncSeries C$172.9M$1.4B2.06×
MoEngage, Inc.Series C$172.2M$1.4B2.05×
H2scan CorpSeries C$83.2M$1.4B2.03×
ITsavvy Holdings, LLCSeries C$81.4M$1.4B2.03×
Coherent Group Inc.Series C$74.0M$1.3B2.02×
FLEXE, Inc. this companySeries C$206.2M$1.3B1.87×
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 A$4.4M2015-11-10$20.2M$123.0M85%
Series A$14.3M2016-07-12$64.8M$395.5M85%
Series B$39.5M2019-03-13$219.6M$1.2B90%
Series C$43.0M2019-07-01$286.8M$1.4B90%
Series C$80.0M2020-11-18$533.3M$2.2B90%
Series C$70.0M2020-11-18$466.7M$2.0B90%
Series C$67.9M2022-04-07$452.9M$1.3B90%
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 A$4.4M2015-11-10
    • First recorded raise — entered as Series A.
    • 22 investors on this round.
  2. Series A$14.3M2016-07-12
    • Raised 8 mo later, in step with the ~13 mo sector norm.
    • Round 3.2× larger than the prior — scaling up.
    • 5 investors on this round.
  3. Series B$39.5M2019-03-13
    • Raised again after 32 mo — slower than the ~13 mo sector norm.
    • Round 2.8× larger than the prior — scaling up.
    • 10 investors on this round.
  4. Series C$43.0M2019-07-01
    • Came back fast: 4 mo vs the ~13 mo sector norm.
    • Round roughly the size of the prior one.
  5. Series C$80.0M2020-11-18
    • Raised 17 mo later, in step with the ~13 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 41 investors on this round.
  6. Series C$70.0M2020-11-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 36 investors on this round.
  7. Series C$67.9M2022-04-07
    • Raised 17 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 33 investors on this round.
Intelligence
2023 ~Q2
Modeled next raise · ~13mo cadence
$67.9M
Modeled next size est.range $67.9M$108.7M
1.0×
Last step-up
$32.2M/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
Michael Galgon13 other2022-04
Raj Atluru4 other2019-03
Karl Siebrecht2 other2015-11
Mike Galgon1 other2015-11
RYAN SARVER1 other2016-07
DIANNE RANDOLPH2022-04
Edmond Yue2015-11
Francis Duong2015-11
HASSAN NATHA2022-04
Mike Karl Galgon2020-11
Raj Karl Atluru2020-11
ROBERT SPEITH2022-04
Registry & provenance

FLEXE, 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
1659157
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
Energysavvy IncOther TechnologySeries A$31.2M$390.1Mnetwork2 shared operators · same sector
Quantenna Communications IncOther TechnologySeries C$208.2M$1.1Bsame sector · same stage
Glassdoor IncOther TechnologySeries C$199.2M$1.3Bsame sector · same stage
Bridgelux IncOther TechnologySeries C$194.0M$1.3Bsame sector · same stage
MycoTechnology, Inc.Other TechnologySeries C$186.0M$1.3Bsame sector · same stage
InsideSales.com, Inc.Other TechnologySeries C$229.3M$1.6Bsame sector · same stage
Nantero IncOther TechnologySeries C$172.9M$1.4Bsame sector · same stage
MoEngage, Inc.Other TechnologySeries C$172.2M$1.4Bsame 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
Flexx, Inc.Other TechnologyPre-Seed$30.1M96%
Flexx Inc.Other TechnologySeries A$22.8M96%
FlexCorp IncOther TechnologySeries B$125.7M94%
Flexterra, Inc.Other TechnologySeries B$90.1M94%
FlexTraPower, Inc.Other TechnologyPre-Seed$33.9M92%
Flexio Holdings LtdOther TechnologySeed$53.5M92%
Flexa Holdings LLCOther TechnologySeries A$391.1M92%
FlexFleet, Inc.Other TechnologySeed$71.6M92%
Frequently asked
How much funding has FLEXE, Inc. raised?
FLEXE, Inc. has raised approximately $206.2M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is FLEXE, Inc.'s estimated valuation?
Provath's modeled valuation for FLEXE, Inc. is approximately $1.3B (modeled range $257.4M–$2.6B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is FLEXE, Inc. at?
FLEXE, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Thu Apr 07.
What does FLEXE, Inc. do and where is it based?
FLEXE, Inc. operates in the Other Technology sector, based in SEATTLE.
Explore related

See where FLEXE, 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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