Companies · Other Technology

Institutional Capital Network, Inc.

NEW YORK · Other Technology

Diligence memoA one-page analyst read on Institutional Capital Network, Inc. — recommendation, valuation, rhythm, risks.
$519.4M
Total raised · real
6
Rounds
0.1×
Latest step-up
Top 1%
Sector rank · raised
Growth/Late
Latest stage · inferred · Thu Dec 23 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Institutional Capital Network, Inc. looks under-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.

Under-valued
  • Modeled value is 0.04× the median modeled value of Growth/Late Other Technology companies in 2019–2021 (27 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.5 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

Institutional Capital Network, Inc. is one of 21302 Other Technology companies tracked from NEW YORK. 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.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
3
Investors (latest)
2021-12-23
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$5.0B$10.0B$15.0B$20.0BSeed · 2013-06-21 Raised $3.0M (real) Modeled valuation $104M (est)$3.0M$104MSeed2013Series A · 2014-06-26 Raised $5.6M (real) Modeled valuation $154M (est)$5.6M$154MSeries A2014Series A · 2015-06-04 Raised $10M (real) Modeled valuation $279M (est)$10M$279MSeries A2015Series A · 2017-12-08 Raised $12M (real) Modeled valuation $327M (est)$12M$327MSeries A2017Growth/Late · 2021-07-26 Raised $439M (real) Modeled valuation $11.3B (est)$439M$11.3BGrowth/Late2021Growth/Late · 2021-12-23 Raised $50M (real) Modeled valuation $1.2B (est)$50M$1.2BGrowth/Late2021+$5.6M+$10M+$12M+$439M+$50MCumulative $519M

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 · 2013
Series A$5.6M · 2014
Series A extension$10.0M · 2015
Series A extension$11.8M · 2017
Growth/Late$439.0M · 2021no Series B / Series C / Series D+ on file
Growth/Late extension$50.0M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, 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: 43%.

Modeled valuation trajectory
$1.2B
Base estimate est.
$382.2M
Conservative case
$1.9B
Upside case
$500.0M
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 scaled by the technology sector profile. Directional, not a quoted figure.

Seed · modeled $103.6M · 2013-06-212013Series A · modeled $154.1M · 2014-06-26Series A · modeled $278.7M · 2015-06-04Series A · modeled $326.6M · 2017-12-08Growth/Late · modeled $11.3B · 2021-07-26Growth/Late · modeled $1.2B · 2021-12-232021
Model inputs · modeled:benchmark-stage-stepup-v1
10%
Dilution assumption
Implied ownership sold in the financing.
88%
Survival probability
76% low · 95% high
1.24×/yr
Annual markup
1.35×/yr upside case
4.5 yr
Elapsed time used
4.5 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
20 mo
Avg between rounds
$61.1M/yr
Capital velocity
13.0 yr
On record since
2013
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) 164× above median
This company$519.4M
Sector median$3.2M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 0.1× of median
This company$50.0M
Sector median$500.0M
Modeled value — vs sector median (estimate, all stages) 32× above median
This company$1.2B
Sector median$37.3M

Raised more than 100% 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 (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 #26 of 27.

This companyCohort peer
$100.0M$1.0B$10.0B$100.0B$1.00T$100.0M$1.0B$10.0BCapital raised (log)GM Cruise Holdings LLC · Growth/Late Raised $6.8B · modeled $79.2B (est)Bp Sun, Inc. · Growth/Late Raised $2.0B · modeled $57.0B (est)M. ii. M. i, INC. · Growth/Late Raised $1.7B · modeled $49.1B (est)Sharif Da'Mani, INC. · Growth/Late Raised $1.7B · modeled $48.1B (est)Masiyah ConnectWorks, Inc. · Growth/Late Raised $1.7B · modeled $48.1B (est)Kealoha Mikael, Inc. · Growth/Late Raised $1.7B · modeled $48.1B (est)Velodyne Lidar, Inc. · Growth/Late Raised $1.5B · modeled $47.6B (est)Alfayiz TA, INC. · Growth/Late Raised $1.5B · modeled $42.7B (est)Emhotip, Inc. · Growth/Late Raised $1.4B · modeled $40.6B (est)Aspro Exchange Pty Ltd · Growth/Late Raised $1.0B · modeled $32.5B (est)Just Eat Takeaway.com N.V. · Growth/Late Raised $992.1M · modeled $32.3B (est)BH Acquisition Holding Company, LP · Growth/Late Raised $936.3M · modeled $28.9B (est)Institutional Capital Network, Inc. (this company) Raised $519.4M · modeled $1.2B (est)Institutional Capital Network, Inc.
CompanyStageRaised · realValue · estvs peer med.
GM Cruise Holdings LLCGrowth/Late$6.8B$79.2B2.79×
Bp Sun, Inc.Growth/Late$2.0B$57.0B2.01×
M. ii. M. i, INC.Growth/Late$1.7B$49.1B1.73×
Sharif Da'Mani, INC.Growth/Late$1.7B$48.1B1.70×
Masiyah ConnectWorks, Inc.Growth/Late$1.7B$48.1B1.70×
Kealoha Mikael, Inc.Growth/Late$1.7B$48.1B1.70×
Velodyne Lidar, Inc.Growth/Late$1.5B$47.6B1.68×
Alfayiz TA, INC.Growth/Late$1.5B$42.7B1.51×
Emhotip, Inc.Growth/Late$1.4B$40.6B1.43×
Aspro Exchange Pty LtdGrowth/Late$1.0B$32.5B1.15×
Just Eat Takeaway.com N.V.Growth/Late$992.1M$32.3B1.14×
BH Acquisition Holding Company, LPGrowth/Late$936.3M$28.9B1.02×
Institutional Capital Network, Inc. this companyGrowth/Late$519.4M$1.2B0.04×
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$3.0M2013-06-21$15.2M$103.6M85%
Series A$5.6M2014-06-26$25.3M$154.1M85%
Series A$10.0M2015-06-04$45.7M$278.7M85%
Series A$11.8M2017-12-08$53.5M$326.6M90%
Growth/Late$439.0M2021-07-26$4.4B$11.3B90%
Growth/Late$50.0M2021-12-23$500.0M$1.2B90%
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$3.0M2013-06-21
    • First recorded raise — entered as Seed.
    • 32 investors on this round.
  2. Series A$5.6M2014-06-26
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 24 investors on this round.
  3. Series A$10.0M2015-06-04
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • 31 investors on this round.
  4. Series A$11.8M2017-12-08
    • Raised again after 30 mo — slower than the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 17 investors on this round.
  5. Growth/Late$439.0M2021-07-26
    • Raised again after 44 mo — slower than the ~13 mo sector norm.
    • Round 37.3× larger than the prior — scaling up.
    • 42 investors on this round.
  6. Growth/Late$50.0M2021-12-23
    • Came back fast: 5 mo vs the ~13 mo sector norm.
    • Round 8.8× smaller than the prior — bridge or down round.
    • 3 investors on this round.
Intelligence
2023 ~Q3
Modeled next raise · ~20mo cadence
$50.0M
Modeled next size est.range $50.0M$80.0M
0.1×
Last step-up
$61.1M/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 Levine6 other2015-06
Lawrence Calcano3 other2014-06
Donald Lacey1 other2021-07
Daniel Vene2013-06
Dinkar B. Jetley2017-12
Frank B. Porcelli2017-12
JAMIE MAGYERA2021-07
JANE B. ATHERTON2021-12
JOHN B. ROBERTSHAW2021-07
John C. Robertshaw2017-12
John Robertshaw2014-06
JOSH B. WARREN2021-07
MICHAEL B. KUSHNER2021-07
Nicholas Veronis2013-06
NICK B. VERONIS2021-07
Philip B. Pool2017-12
Philip Pool2013-06
Scott B. Mahoney2017-12
Thomas Fortin2017-12
TODD B. MYERS2021-07
TOM B. FORTIN2021-07
WEST LOCKHART2021-07
Registry & provenance

Institutional Capital Network, 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
1580513
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.

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Frequently asked
How much funding has Institutional Capital Network, Inc. raised?
Institutional Capital Network, Inc. has raised approximately $519.4M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Institutional Capital Network, Inc.'s estimated valuation?
Provath's modeled valuation for Institutional Capital Network, Inc. is approximately $1.2B (modeled range $382.2M–$1.9B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Institutional Capital Network, Inc. at?
Institutional Capital Network, Inc.'s latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Thu Dec 23.
What does Institutional Capital Network, Inc. do and where is it based?
Institutional Capital Network, Inc. operates in the Other Technology sector, based in NEW YORK.
Explore related

See where Institutional Capital Network, 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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