Companies · Other

Funnel Leasing, Inc.

ODESSA · Other

Diligence memoA one-page analyst read on Funnel Leasing, Inc. — recommendation, valuation, rhythm, risks.
$72.1M
Total raised · real
10
Rounds
0.7×
Latest step-up
Top 6%
Sector rank · raised
Series B
Latest stage · inferred · Fri Aug 18 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Funnel Leasing, Inc. looks under-valued against its niche peers and is at-risk 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.

Under-valued
  • Modeled value is 0.58× the median modeled value of Series B Other companies in 2022–2024 (465 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.9 yr ago; this sector typically re-raises about every 11 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

Funnel Leasing, Inc. is one of 25008 Other companies tracked from ODESSA. By capital raised it ranks among the largest (ahead of 95% 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
Rule 506(b)
Reg D exemption
6
Investors (latest)
2023-08-18
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$50M$100M$150M$200MPre-Seed · 2011-06-17 Raised $768K (real) Modeled valuation $18M (est)Pre-Seed2011Pre-Seed · 2013-04-25 Raised $875K (real) Modeled valuation $20M (est)Pre-Seed2013Seed · 2013-04-25 Raised $1.5M (real) Modeled valuation $28M (est)Seed2013Seed · 2014-11-19 Raised $1.6M (real) Modeled valuation $30M (est)Seed2014Series A · 2015-11-13 Raised $8.0M (real) Modeled valuation $121M (est)Series A2015Series A · 2018-06-01 Raised $4.5M (real) Modeled valuation $68M (est)Series A2018Series A · 2019-08-09 Raised $8.0M (real) Modeled valuation $121M (est)Series A2019Series A · 2020-10-27 Raised $6.1M (real) Modeled valuation $84M (est)Series A2020Series A · 2021-08-06 Raised $14M (real) Modeled valuation $147M (est)Series A2021Series B · 2022-02-02 Raised $16M (real) Modeled valuation $179M (est)Series B2022Series B · 2023-08-18 Raised $12M (real) Modeled valuation $92M (est)Series B2023Cumulative $73M

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
Pre-Seed$768K · 2011
Pre-Seed extension$875K · 2013
Seed$1.5M · 2013
Seed extension$1.6M · 2014
Series A$8.0M · 2015
Series A extension$4.5M · 2018
Series A extension$8.0M · 2019
Series A extension$6.1M · 2020
Series A extension$13.6M · 2021
Series B$16.0M · 2022
Series B extension$12.0M · 2023

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$92.1M
Base estimate est.
$30.0M
Conservative case
$194.6M
Upside case
$66.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Pre-Seed · modeled $17.8M · 2011-06-172011Pre-Seed · modeled $20.2M · 2013-04-25Seed · modeled $27.9M · 2013-04-25Seed · modeled $29.7M · 2014-11-19Series A · modeled $121.1M · 2015-11-13Series A · modeled $68.1M · 2018-06-01Series A · modeled $121.1M · 2019-08-09Series A · modeled $84.4M · 2020-10-27Series A · modeled $147.5M · 2021-08-06Series B · modeled $179.4M · 2022-02-02Series B · modeled $92.1M · 2023-08-182023
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
45% low · 83% high
1.28×/yr
Annual markup
1.55×/yr upside case
2.9 yr
Elapsed time used
2.9 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
15 mo
Avg between rounds
$5.9M/yr
Capital velocity
15.0 yr
On record since
2011
First round
11
Rounds on file
How it compares to the market

Benchmarked against 25008 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) 35× above median
This company$72.1M
Sector median$2.0M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.6× of median
This company$12.0M
Sector median$19.6M
Modeled value — vs sector median (estimate, all stages) 5.2× above median
This company$92.1M
Sector median$17.7M

Raised more than 95% 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 B) 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 #358 of 465.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Ever/Body, Inc. · Series B Raised $64.2M · modeled $430.2M (est)Financeware Holdings LLC · Series B Raised $59.7M · modeled $413.0M (est)American Cricket Enterprises Inc. · Series B Raised $39.0M · modeled $409.2M (est)Xlerate Ultimate Holdings, Lp · Series B Raised $62.2M · modeled $405.9M (est)MDME Ultimate Holdings, LP · Series B Raised $39.9M · modeled $395.4M (est)aXiomatic, LLC · Series B Raised $138.8M · modeled $389.3M (est)Moov Financial, Inc. · Series B Raised $69.2M · modeled $378.4M (est)NovaVision Holdings, LLC · Series B Raised $38.4M · modeled $373.9M (est)Ttxa Ii 2022, Lp · Series B Raised $35.0M · modeled $369.4M (est)Encamp, Inc. · Series B Raised $54.0M · modeled $363.2M (est)JAF Communications Holdings, LLC · Series B Raised $36.8M · modeled $358.7M (est)Enboarder Inc. · Series B Raised $39.7M · modeled $357.0M (est)Funnel Leasing, Inc. (this company) Raised $72.1M · modeled $92.1M (est)Funnel Leasing, Inc.
CompanyStageRaised · realValue · estvs peer med.
Ever/Body, Inc.Series B$64.2M$430.2M2.73×
Financeware Holdings LLCSeries B$59.7M$413.0M2.62×
American Cricket Enterprises Inc.Series B$39.0M$409.2M2.59×
Xlerate Ultimate Holdings, LpSeries B$62.2M$405.9M2.57×
MDME Ultimate Holdings, LPSeries B$39.9M$395.4M2.51×
aXiomatic, LLCSeries B$138.8M$389.3M2.47×
Moov Financial, Inc.Series B$69.2M$378.4M2.40×
NovaVision Holdings, LLCSeries B$38.4M$373.9M2.37×
Ttxa Ii 2022, LpSeries B$35.0M$369.4M2.34×
Encamp, Inc.Series B$54.0M$363.2M2.30×
JAF Communications Holdings, LLCSeries B$36.8M$358.7M2.27×
Enboarder Inc.Series B$39.7M$357.0M2.26×
Funnel Leasing, Inc. this companySeries B$72.1M$92.1M0.58×
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.
Pre-Seed$768K2011-06-17$4.3M$17.8M85%
Pre-Seed$875K2013-04-25$4.9M$20.2M85%
Seed$1.5M2013-04-25$7.5M$27.9M85%
Seed$1.6M2014-11-19$8.0M$29.7M85%
Series A$8.0M2015-11-13$36.4M$121.1M85%
Series A$4.5M2018-06-01$20.5M$68.1M90%
Series A$8.0M2019-08-09$36.4M$121.1M90%
Series A$6.1M2020-10-27$27.9M$84.4M90%
Series A$13.6M2021-08-06$61.6M$147.5M90%
Series B$16.0M2022-02-02$88.9M$179.4M90%
Series B$12.0M2023-08-18$66.7M$92.1M90%
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. Pre-Seed$768K2011-06-17
    • First recorded raise — entered as Pre-Seed.
    • 13 investors on this round.
  2. Pre-Seed$875K2013-04-25
    • Raised again after 22 mo — slower than the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 14 investors on this round.
  3. Seed$1.5M2013-04-25
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.7× larger than the prior — scaling up.
    • 22 investors on this round.
  4. Seed$1.6M2014-11-19
    • Raised again after 19 mo — slower than the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(b) (was Rule 06).
    • 13 investors on this round.
  5. Series A$8.0M2015-11-13
    • Raised 12 mo later, in step with the ~11 mo sector norm.
    • Round 5.0× larger than the prior — scaling up.
    • 20 investors on this round.
  6. Series A$4.5M2018-06-01
    • Raised again after 31 mo — slower than the ~11 mo sector norm.
    • Round 1.8× smaller than the prior — bridge or down round.
    • 11 investors on this round.
  7. Series A$8.0M2019-08-09
    • Raised 14 mo later, in step with the ~11 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • 22 investors on this round.
  8. Series A$6.1M2020-10-27
    • Raised 15 mo later, in step with the ~11 mo sector norm.
    • Round 1.3× smaller than the prior — bridge or down round.
    • 20 investors on this round.
  9. Series A$13.6M2021-08-06
    • Raised 9 mo later, in step with the ~11 mo sector norm.
    • Round 2.2× larger than the prior — scaling up.
    • 16 investors on this round.
  10. Series B$16.0M2022-02-02
    • Came back fast: 6 mo vs the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 7 investors on this round.
  11. Series B$12.0M2023-08-18
    • Raised again after 18 mo — slower than the ~11 mo sector norm.
    • Round 1.3× smaller than the prior — bridge or down round.
    • 6 investors on this round.
Intelligence
2024 ~Q4
Modeled next raise · ~15mo cadence
$12.0M
Modeled next size est.range $12.0M$19.2M
0.7×
Last step-up
$5.9M/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
Joanne Wilson11 other2015-11
Jeffrey Berman3 other2018-06
John Helm3 other2018-06
Noel Fenton3 other2015-11
Michael O'Toole2 other2015-11
Scott Wolfgang2 other2018-06
Caren Maio2011-06
Cristina Sullivan Wheeler2021-08
Jenny Torres Lefcourt2014-11
Jerry Davis2023-08
Joanne Torres Wilson2013-04
Michael Torres O'Toole2011-06
Pedro Torres Picon2011-06
Tyler Christiansen2019-08
Registry & provenance

Funnel Leasing, 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
1524781
SEC CIK
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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.

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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.

CompanySectorStageValue · estMatch
News Funnel, LlcOtherSeed$36.6M83%
Growth Leasing Holdings LLCOtherSeries C$614.5M83%
LiquidSpace, Inc.OtherSeries A$110.0M82%
Mission Lane Holdings Inc.OtherSeries D+$252.1M82%
Growth Leasing LLCOtherSeries B$14.8M82%
Ramp Holdings IncOtherSeries A$27.2M82%
Fountain Leasing Partners LLCOtherSeries B$336.5M82%
Leaselot, Inc.OtherSeries A$43.2M82%
Frequently asked
How much funding has Funnel Leasing, Inc. raised?
Funnel Leasing, Inc. has raised approximately $72.1M in disclosed capital across 10 recorded financing rounds, aggregated from public filings.
What is Funnel Leasing, Inc.'s estimated valuation?
Provath's modeled valuation for Funnel Leasing, Inc. is approximately $92.1M (modeled range $30.0M–$194.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Funnel Leasing, Inc. at?
Funnel Leasing, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Fri Aug 18.
What does Funnel Leasing, Inc. do and where is it based?
Funnel Leasing, Inc. operates in the Other sector, based in ODESSA.
Explore related

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