Companies · Other

iHeartCommunications, Inc.

SAN ANTONIO · Other · https://www.iheart.com/

Diligence memoA one-page analyst read on iHeartCommunications, Inc. — recommendation, valuation, rhythm, risks.
$4.3B
Total raised · real
4
Rounds
1.0×
Latest step-up
Top 1%
Sector rank · raised
Growth/Late
Latest stage · inferred · Tue Feb 07 2017 00:00:00 GMT+0000 (Coordinated Universal Time)

iHeartCommunications, 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.

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

Fair
  • Modeled value is 0.89× the median modeled value of Growth/Late Other companies in 2016–2018 (26 peers) — value vs value, same stage and era.
  • Within the normal band (89% of peer median) for its niche.
Dormant
  • Last raise 9.4 yr ago; this sector typically re-raises about every 11 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

iHeartCommunications, Inc. is one of 25015 Other companies tracked from SAN ANTONIO. By capital raised it ranks among the largest (ahead of 100% 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.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

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Find iHeart online

Trades publicly as iHeart.

As reported in public records reported — not modeled.

US
Jurisdiction
$100M+
Issuer revenue
Rule 506(c)
Reg D exemption
101
Investors (latest)
2017-02-07
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$12.5B$25.0B$37.5B$50.0BGrowth/Late · 2012-10-25 Raised $2.0B (real) Modeled valuation $34.8B (est)$2.0B$34.8BGrowth/Late2012Growth/Late · 2013-06-21 Raised $1.2B (real) Modeled valuation $21.3B (est)$1.2B$21.3BGrowth/Late2013Growth/Late · 2013-12-16 Raised $622M (real) Modeled valuation $11.0B (est)$622M$11.0BGrowth/Late2013Growth/Late · 2017-02-07 Raised $476M (real) Modeled valuation $8.5B (est)$476M$8.5BGrowth/Late2017Growth/Late · 2017-02-07 Raised $476M (real) Modeled valuation $8.5B (est)$476M$8.5BGrowth/Late2017+$1.2B+$622M+$476M+$476MCumulative $4.7B

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
Growth/Late$2.0B · 2012
Growth/Late extension$1.2B · 2013
Growth/Late extension$621.9M · 2013
Growth/Late extension$476.4M · 2017
Growth/Late extension$476.4M · 2017

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C, Series D+ — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 14%.

Modeled valuation trajectory
$8.5B
Base estimate est.
$3.7B
Conservative case
$15.2B
Upside case
$4.8B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Growth/Latea round over $400M). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Growth/Late · modeled $34.8B · 2012-10-252012Growth/Late · modeled $21.3B · 2013-06-21Growth/Late · modeled $11.0B · 2013-12-16Growth/Late · modeled $8.5B · 2017-02-07Growth/Late · modeled $8.5B · 2017-02-072017
Model inputs · modeled:benchmark-stage-stepup-v1
10%
Dilution assumption
Implied ownership sold in the financing.
90%
Survival probability
78% low · 97% high
1.12×/yr
Annual markup
1.22×/yr upside case
6.0 yr
Elapsed time used
9.4 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$993.2M/yr
Capital velocity
13.7 yr
On record since
2012
First round
5
Rounds on file
How it compares to the market

Benchmarked against 25015 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) 2082× above median
This company$4.3B
Sector median$2.0M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 0.9× of median
This company$476.4M
Sector median$513.1M
Modeled value — vs sector median (estimate, all stages) 479× above median
This company$8.5B
Sector median$17.7M

Raised more than 100% of sector peers (real $). Modeled value above 100% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Growth/Late) 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 #16 of 26.

This companyCohort peer
$1.0B$10.0B$100.0B$100.0M$1.0B$10.0BCapital raised (log)Papay Topco, Inc. · Growth/Late Raised $1.5B · modeled $26.6B (est)Advanced Disposal Services, Inc. · Growth/Late Raised $1.2B · modeled $20.6B (est)MB Parent Holdco, L.P. · Growth/Late Raised $917.1M · modeled $16.2B (est)Cersei Topco, Llc · Growth/Late Raised $853.5M · modeled $15.2B (est)FARMER & THE COWMAN Ltd LIABILITY Co · Growth/Late Raised $780.0M · modeled $13.9B (est)Owl Finance plc · Growth/Late Raised $726.0M · modeled $12.9B (est)Insight MB Holdings, LLC · Growth/Late Raised $680.1M · modeled $12.1B (est)Triangle Private Investments, LLC · Growth/Late Raised $667.0M · modeled $11.8B (est)Millennial Press LLC · Growth/Late Raised $650.0M · modeled $11.5B (est)Meredith Corp · Growth/Late Raised $650.0M · modeled $11.5B (est)Wrangler Topco, Llc · Growth/Late Raised $569.2M · modeled $10.1B (est)Aceso Topco, Llc · Growth/Late Raised $555.5M · modeled $9.9B (est)iHeartCommunications, Inc. (this company) Raised $4.3B · modeled $8.5B (est)iHeartCommunications, Inc.
CompanyStageRaised · realValue · estvs peer med.
Papay Topco, Inc.Growth/Late$1.5B$26.6B2.78×
Advanced Disposal Services, Inc.Growth/Late$1.2B$20.6B2.16×
MB Parent Holdco, L.P.Growth/Late$917.1M$16.2B1.69×
Cersei Topco, LlcGrowth/Late$853.5M$15.2B1.59×
FARMER & THE COWMAN Ltd LIABILITY CoGrowth/Late$780.0M$13.9B1.45×
Owl Finance plcGrowth/Late$726.0M$12.9B1.35×
Insight MB Holdings, LLCGrowth/Late$680.1M$12.1B1.26×
Triangle Private Investments, LLCGrowth/Late$667.0M$11.8B1.24×
Millennial Press LLCGrowth/Late$650.0M$11.5B1.21×
Meredith CorpGrowth/Late$650.0M$11.5B1.21×
Wrangler Topco, LlcGrowth/Late$569.2M$10.1B1.06×
Aceso Topco, LlcGrowth/Late$555.5M$9.9B1.03×
iHeartCommunications, Inc. this companyGrowth/Late$4.3B$8.5B0.89×
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.
Growth/Late$2.0B2012-10-25$19.6B$34.8B85%
Growth/Late$1.2B2013-06-21$12.0B$21.3B85%
Growth/Late$621.9M2013-12-16$6.2B$11.0B85%
Growth/Late$476.4M2017-02-07$4.8B$8.5B90%
Growth/Late$476.4M2017-02-07$4.8B$8.5B90%
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. Growth/Late$2.0B2012-10-25
    • First recorded raise — entered as Growth/Late.
    • 318 investors on this round.
  2. Growth/Late$1.2B2013-06-21
    • Raised 8 mo later, in step with the ~11 mo sector norm.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 141 investors on this round.
  3. Growth/Late$621.9M2013-12-16
    • Came back fast: 6 mo vs the ~11 mo sector norm.
    • Round 1.9× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 73 investors on this round.
  4. Growth/Late$476.4M2017-02-07
    • Raised again after 38 mo — slower than the ~11 mo sector norm.
    • Round 1.3× smaller than the prior — bridge or down round.
    • 101 investors on this round.
  5. Growth/Late$476.4M2017-02-07
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(c) (was Rule 506(b)).
    • 101 investors on this round.
Intelligence
2018 ~Q1
Modeled next raise · ~13mo cadence
$476.4M
Modeled next size est.range $476.4M$762.2M
1.0×
Last step-up
$993.2M/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
Charles A. Brizius2 other2012-10
Laura A. Grattan2 other2017-02
Scott M. Sperling2 other2012-10
Charles H. Cremens1 other2017-02
FREDERIC F. BRACE1 other2017-02
Richard J Bressler1 other2012-10
Blair E. Hendrix2012-10
C. William Eccleshare2012-10
David C. Abrams2012-10
Ian K. Loring2012-10
Irving L. Azoff2012-10
James C. Carlisle2013-06
John E. Hogan2012-10
John P. Connaughton2012-10
JONATHAN L. BELITSOS2017-02
Jonathon S. Jacobson2012-10
JULIA B. DONNELLY2013-12
Mark P. Mays2012-10
Matthew J. Freeman2013-06
Randall T. Mays2012-10
Robert H. Walls2012-10
Robert H. Walls, Jr.2013-06
Robert W. Pittman2012-10
Scott D. Hamilton2012-10
Registry & provenance

iHeartCommunications, 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
739708
SEC CIK
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Frequently asked
How much funding has iHeartCommunications, Inc. raised?
iHeartCommunications, Inc. has raised approximately $4.3B in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is iHeartCommunications, Inc.'s estimated valuation?
Provath's modeled valuation for iHeartCommunications, Inc. is approximately $8.5B (modeled range $3.7B–$15.2B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is iHeartCommunications, Inc. at?
iHeartCommunications, Inc.'s latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Tue Feb 07.
What does iHeartCommunications, Inc. do and where is it based?
iHeartCommunications, Inc. operates in the Other sector, based in SAN ANTONIO. Listen to the latest episodes from top podcasts. Get news, sports & lifestyle info from your favorite personalities for free!
Explore related

See where iHeartCommunications, 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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