Companies · Other Technology

Headwater Partners I LLC

REDWOOD CITY · Other Technology

Diligence memoA one-page analyst read on Headwater Partners I LLC — recommendation, valuation, rhythm, risks.
$11.8M
Total raised · real
6
Rounds
0.5×
Latest step-up
Top 25%
Sector rank · raised
Series A
Latest stage · inferred · Fri Feb 11 2011 00:00:00 GMT+0000 (Coordinated Universal Time)

Headwater Partners I LLC 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 0.76× the median modeled value of Series A Other Technology companies in 2010–2012 (618 peers) — value vs value, same stage and era.
  • Within the normal band (76% of peer median) for its niche.
Dormant
  • Last raise 15.4 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal 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

Headwater Partners I LLC 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
17.3 yr record
Peak capital year was 2011 with $9.3M across 3 filings.
Market position
ahead of 76% of Other Technology peers
Capital scale is ahead of 76% of Other Technology peers; modeled value is above 74% 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 2011: $9.3M across 3 filings.
  • Largest single filing was $4.3M on 2011-02-11.
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.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
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

Headwater Partners I LLC is one of 21302 Other Technology companies tracked from REDWOOD CITY. By capital raised it ranks in the upper tier (ahead of 76% 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$50M$100M$150M$200MPre-Seed · 2009-03-30 Raised $341K (real) Modeled valuation $14M (est)$341K$14MPre-Seed2009Pre-Seed · 2009-06-11 Raised $500K (real) Modeled valuation $21M (est)$500K$21MPre-Seed2009Seed · 2010-03-17 Raised $1.8M (real) Modeled valuation $60M (est)$1.8M$60MSeed2010Series A · 2011-02-11 Raised $4.3M (real) Modeled valuation $118M (est)$4.3M$118MSeries A2011Seed · 2011-02-11 Raised $3.3M (real) Modeled valuation $111M (est)$3.3M$111MSeed2011Seed · 2011-02-11 Raised $1.8M (real) Modeled valuation $60M (est)$1.8M$60MSeed2011+$500K+$1.8M+$4.3M+$3.3M+$1.8MCumulative $12M

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$341K · 2009
Pre-Seed extension$500K · 2009
Seed$1.8M · 2010
Series A$4.3M · 2011
Bridge · Series A-stage$3.3M · 2011smaller follow-on
Bridge · Series A-stage$1.8M · 2011smaller follow-on

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

Modeled valuation trajectory
$117.9M
Base estimate est.
$5.7M
Conservative case
$641.0M
Upside case
$19.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $14.4M · 2009-03-302009Pre-Seed · modeled $21.2M · 2009-06-11Seed · modeled $59.6M · 2010-03-17Series A · modeled $117.9M · 2011-02-11Seed · modeled $110.7M · 2011-02-11Seed · modeled $59.6M · 2011-02-112011
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
54%
Survival probability
29% low · 74% high
1.50×/yr
Annual markup
1.89×/yr upside case
6.0 yr
Elapsed time used
15.4 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
4 mo
Avg between rounds
$6.3M/yr
Capital velocity
17.3 yr
On record since
2009
First round
6
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) 3.7× above median
This company$11.8M
Sector median$3.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.3× of median
This company$1.8M
Sector median$5.8M
Modeled value — vs sector median (estimate, all stages) 3.2× above median
This company$117.9M
Sector median$37.3M

Raised more than 76% of sector peers (real $). Modeled value above 74% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #454 of 618.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)Infineta Systems, Inc. · Series A Raised $15.0M · modeled $416.1M (est)Solera Networks Inc · Series A Raised $22.0M · modeled $416.1M (est)G5 Search Marketing, Inc. · Series A Raised $15.0M · modeled $416.1M (est)Synos Technology, Inc. · Series A Raised $25.0M · modeled $416.1M (est)Admeld Inc · Series A Raised $21.0M · modeled $416.1M (est)CouchSurfing International, Inc. · Series A Raised $15.0M · modeled $416.1M (est)Conviva Inc · Series A Raised $15.0M · modeled $416.1M (est)Imation Corp · Series A Raised $14.9M · modeled $414.4M (est)Idle Games, Inc. · Series A Raised $33.6M · modeled $414.0M (est)Mozido Invesco, LLC · Series A Raised $23.4M · modeled $408.6M (est)Bitly, Inc. · Series A Raised $27.2M · modeled $406.2M (est)DisplayLink Corp. · Series A Raised $30.5M · modeled $402.8M (est)Headwater Partners I LLC (this company) Raised $11.8M · modeled $117.9M (est)Headwater Partners I LLC
CompanyStageRaised · realValue · estvs peer med.
Infineta Systems, Inc.Series A$15.0M$416.1M2.67×
Solera Networks IncSeries A$22.0M$416.1M2.67×
G5 Search Marketing, Inc.Series A$15.0M$416.1M2.67×
Synos Technology, Inc.Series A$25.0M$416.1M2.67×
Admeld IncSeries A$21.0M$416.1M2.67×
CouchSurfing International, Inc.Series A$15.0M$416.1M2.67×
Conviva IncSeries A$15.0M$416.1M2.67×
Imation CorpSeries A$14.9M$414.4M2.65×
Idle Games, Inc.Series A$33.6M$414.0M2.65×
Mozido Invesco, LLCSeries A$23.4M$408.6M2.62×
Bitly, Inc.Series A$27.2M$406.2M2.60×
DisplayLink Corp.Series A$30.5M$402.8M2.58×
Headwater Partners I LLC this companySeries A$11.8M$117.9M0.76×
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$341K2009-03-30$1.9M$14.4M90%
Pre-Seed$500K2009-06-11$2.8M$21.2M90%
Seed$1.8M2010-03-17$8.8M$59.6M90%
Series A$4.3M2011-02-11$19.3M$117.9M90%
Seed$3.3M2011-02-11$16.3M$110.7M90%
Seed$1.8M2011-02-11$8.8M$59.6M90%
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$341K2009-03-30
    • First recorded raise — entered as Pre-Seed.
  2. Pre-Seed$500K2009-06-11
    • Came back fast: 2 mo vs the ~13 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
  3. Seed$1.8M2010-03-17
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round 3.5× larger than the prior — scaling up.
  4. Series A$4.3M2011-02-11
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round 2.4× larger than the prior — scaling up.
  5. Seed$3.3M2011-02-11
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.3× smaller than the prior — bridge or down round.
  6. Seed$1.8M2011-02-11
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.9× smaller than the prior — bridge or down round.
Intelligence
2011 ~Q2
Modeled next raise · ~4mo cadence
$1.8M
Modeled next size est.range $1.8M$2.8M
0.5×
Last step-up
$6.3M/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 Johnson34 other2010-03
David Brown24 other2009-03
Charles Giancarlo8 other2009-03
Kuk Yi6 other2009-06
Gregory Raleigh2 other2009-03
James Straight2 other2009-03
Krista Jacobsen2011-02
Registry & provenance

Headwater Partners I LLC 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
1460321
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.

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3AM Innovations, IncOther TechnologySeries A$9.8M$3.3Mnetwork1 shared operator · same sector · same stage
Zubie, Inc.Other TechnologySeries A$17.5M$51.9Mnetwork1 shared operator · same sector · same stage
Skype Global S.a r.l.Other TechnologySeries A$7.8M$215.1Mnetwork1 shared operator · same sector · same stage
Branded Online, Inc.Other TechnologySeries A$11.8M$120.2Msame sector · same stage
Frequently asked
How much funding has Headwater Partners I LLC raised?
Headwater Partners I LLC has raised approximately $11.8M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Headwater Partners I LLC's estimated valuation?
Provath's modeled valuation for Headwater Partners I LLC is approximately $117.9M (modeled range $5.7M–$641.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Headwater Partners I LLC at?
Headwater Partners I LLC's latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Feb 11.
What does Headwater Partners I LLC do and where is it based?
Headwater Partners I LLC operates in the Other Technology sector, based in REDWOOD CITY.
Explore related

See where Headwater Partners I LLC sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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