Companies · Other Technology

Highroads Inc

BURLINGTON · Other Technology

Diligence memoA one-page analyst read on Highroads Inc — recommendation, valuation, rhythm, risks.
$12.6M
Total raised · real
6
Rounds
0.7×
Latest step-up
Top 25%
Sector rank · raised
Seed
Latest stage · inferred · Sat Aug 20 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

Highroads 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 1.18× the median modeled value of Seed Other Technology companies in 2016–2018 (1024 peers) — value vs value, same stage and era.
  • Within the normal band (118% of peer median) for its niche.
Dormant
  • Last raise 9.9 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

Highroads Inc is one of 21292 Other Technology companies tracked from BURLINGTON. By capital raised it ranks in the upper tier (ahead of 76% 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
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$200MSeed · 2009-04-17 Raised $3.0M (real) Modeled valuation $102M (est)$3.0M$102MSeed2009Seed · 2010-10-01 Raised $600K (real) Modeled valuation $20M (est)$600K$20MSeed2010Seed · 2013-01-18 Raised $263K (real) Modeled valuation $8.9M (est)$263K$8.9MSeed2013Seed · 2014-05-30 Raised $3.7M (real) Modeled valuation $127M (est)$3.7M$127MSeed2014Seed · 2015-05-18 Raised $3.0M (real) Modeled valuation $103M (est)$3.0M$103MSeed2015Seed · 2016-08-20 Raised $2.0M (real) Modeled valuation $68M (est)$2.0M$68MSeed2016+$600K+$263K+$3.7M+$3.0M+$2.0MCumulative $13M

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
Seed$3.0M · 2009
Seed extension$600K · 2010
Seed extension$263K · 2013
Seed extension$3.7M · 2014
Seed extension$3.0M · 2015
Seed extension$2.0M · 2016

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$68.1M
Base estimate est.
$1.8M
Conservative case
$534.7M
Upside case
$10.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Seed · modeled $102.2M · 2009-04-172009Seed · modeled $20.4M · 2010-10-01Seed · modeled $8.9M · 2013-01-18Seed · modeled $126.5M · 2014-05-30Seed · modeled $102.8M · 2015-05-18Seed · modeled $68.1M · 2016-08-202016
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
39%
Survival probability
18% low · 61% high
1.61×/yr
Annual markup
2.11×/yr upside case
6.0 yr
Elapsed time used
9.9 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
18 mo
Avg between rounds
$1.7M/yr
Capital velocity
17.2 yr
On record since
2009
First round
6
Rounds on file
How it compares to the market

Benchmarked against 21292 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) 4.0× above median
This company$12.6M
Sector median$3.2M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.1× above median
This company$2.0M
Sector median$1.8M
Modeled value — vs sector median (estimate, all stages) 1.8× above median
This company$68.1M
Sector median$37.3M

Raised more than 76% of sector peers (real $). Modeled value above 64% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) 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 #402 of 1,024.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Modern Teacher LLC · Seed Raised $4.0M · modeled $136.3M (est)OneDine, LLC · Seed Raised $4.0M · modeled $136.3M (est)Pixobot, Inc. · Seed Raised $4.7M · modeled $136.3M (est)SubVRsive, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Red Lambda, Inc. · Seed Raised $9.2M · modeled $136.3M (est)Lea, Llc · Seed Raised $4.0M · modeled $136.3M (est)Homebot, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Watershed Systems, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Bivarus, Inc. · Seed Raised $8.3M · modeled $136.3M (est)Salcido Enterprises, LLC · Seed Raised $5.1M · modeled $136.3M (est)RSV QOZB Rural, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Punchbowl, Inc. · Seed Raised $5.6M · modeled $136.3M (est)Highroads Inc (this company) Raised $12.6M · modeled $68.1M (est)Highroads Inc
CompanyStageRaised · realValue · estvs peer med.
Modern Teacher LLCSeed$4.0M$136.3M2.36×
OneDine, LLCSeed$4.0M$136.3M2.36×
Pixobot, Inc.Seed$4.7M$136.3M2.36×
SubVRsive, Inc.Seed$4.0M$136.3M2.36×
Red Lambda, Inc.Seed$9.2M$136.3M2.36×
Lea, LlcSeed$4.0M$136.3M2.36×
Homebot, Inc.Seed$4.0M$136.3M2.36×
Watershed Systems, Inc.Seed$4.0M$136.3M2.36×
Bivarus, Inc.Seed$8.3M$136.3M2.36×
Salcido Enterprises, LLCSeed$5.1M$136.3M2.36×
RSV QOZB Rural, Inc.Seed$4.0M$136.3M2.36×
Punchbowl, Inc.Seed$5.6M$136.3M2.36×
Highroads Inc this companySeed$12.6M$68.1M1.18×
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.
Seed$3.0M2009-04-17$15.0M$102.2M90%
Seed$600K2010-10-01$3.0M$20.4M90%
Seed$263K2013-01-18$1.3M$8.9M90%
Seed$3.7M2014-05-30$18.6M$126.5M90%
Seed$3.0M2015-05-18$15.1M$102.8M90%
Seed$2.0M2016-08-20$10.0M$68.1M90%
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. Seed$3.0M2009-04-17
    • First recorded raise — entered as Seed.
  2. Seed$600K2010-10-01
    • Raised 17 mo later, in step with the ~13 mo sector norm.
    • Round 5.0× smaller than the prior — bridge or down round.
  3. Seed$263K2013-01-18
    • Raised again after 28 mo — slower than the ~13 mo sector norm.
    • Round 2.3× smaller than the prior — bridge or down round.
  4. Seed$3.7M2014-05-30
    • Raised 16 mo later, in step with the ~13 mo sector norm.
    • Round 14.1× larger than the prior — scaling up.
  5. Seed$3.0M2015-05-18
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
  6. Seed$2.0M2016-08-20
    • Raised 15 mo later, in step with the ~13 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
Intelligence
2018 ~Q1
Modeled next raise · ~18mo cadence
$2.0M
Modeled next size est.range $2.0M$3.2M
0.7×
Last step-up
$1.7M/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
Brian Kim7 other2016-08
Michael Shanahan7 other2016-08
John Egan4 other2009-04
James Corscadden2 other2009-04
John R. Egan2 other2010-10
Michael Byers2 other2009-04
Jay Corscadden1 other2016-08
Louis R. Volpe1 other2010-10
Louis Volpe1 other2009-04
Paul R. Daoust1 other2009-04
R. William Burgess, Jr.1 other2009-04
David Lucey2016-08
Ed Novinski2016-08
James R. Corscadden2010-10
Larry R. Whitman2010-10
Larry Whitman2009-04
Michael R. Byers2010-10
Michael R. Shanahan2013-01
Richard R. Darer2014-05
R. William R. Burgess, Jr.2010-10
Registry & provenance

Highroads 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
1348027
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
CPG-FoodLogiQ, LLCOther TechnologySeries A$11.6M$99.9Mnetwork1 shared operator · same sector
All Set Works, Inc.Other TechnologySeries A$14.4M$400.8Mnetwork1 shared operator · same sector
Egenera IncOtherSeed$4.6M$12.0Mnetwork2 shared operators · same stage
Circonus, Inc.Other TechnologySeries A$15.8M$161.5Mnetwork1 shared operator · same sector
FibeRio Technology CorpOther TechnologySeed$11.3M$68.9Msame sector · same stage
Shoutz, Inc.Other TechnologySeed$11.0M$68.1Msame sector · same stage
Lightwave Logic, Inc.Other TechnologySeed$10.2M$68.1Msame sector · same stage
Bramasol, Inc.Other TechnologySeed$15.7M$68.1Msame sector · same stage
Frequently asked
How much funding has Highroads Inc raised?
Highroads Inc has raised approximately $12.6M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Highroads Inc's estimated valuation?
Provath's modeled valuation for Highroads Inc is approximately $68.1M (modeled range $1.8M–$534.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Highroads Inc at?
Highroads Inc's latest modeled financing stage is Seed. Its most recent recorded round closed around Sat Aug 20.
What does Highroads Inc do and where is it based?
Highroads Inc operates in the Other Technology sector, based in BURLINGTON.
Explore related

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