Companies · Other

Invoca, Inc.

SANTA BARBARA · Other

Diligence memoA one-page analyst read on Invoca, Inc. — recommendation, valuation, rhythm, risks.
$181.8M
Total raised · real
6
Rounds
2.0×
Latest step-up
Top 3%
Sector rank · raised
Series C
Latest stage · inferred · Thu Jun 02 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Invoca, Inc. looks over-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.

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

Over-valued
  • Modeled value is 1.81× the median modeled value of Series C Other companies in 2022–2024 (192 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.1 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

Invoca, Inc. is one of 25008 Other companies tracked from SANTA BARBARA. By capital raised it ranks among the largest (ahead of 98% 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
14
Investors (latest)
2022-06-02
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$250M$500M$750M$1.0BSeed · 2010-11-24 Raised $3.8M (real) Modeled valuation $70M (est)Seed2010Seed · 2012-11-02 Raised $3.3M (real) Modeled valuation $60M (est)Seed2012Series B · 2013-12-20 Raised $20M (real) Modeled valuation $332M (est)Series B2013Series B · 2013-12-20 Raised $22M (real) Modeled valuation $361M (est)Series B2013Series B · 2016-03-21 Raised $29M (real) Modeled valuation $476M (est)Series B2016Series C · 2019-08-12 Raised $42M (real) Modeled valuation $712M (est)Series C2019Series C · 2022-06-02 Raised $83M (real) Modeled valuation $970M (est)Series C2022+$3.3M+$20M+$22M+$29M+$42M+$83MCumulative $202M

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$3.8M · 2010
Seed extension$3.3M · 2012
Series B$20.0M · 2013no Series A on file
Series B extension$21.7M · 2013
Series B extension$28.6M · 2016
Series C$41.5M · 2019
Series C extension$82.9M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 60%.

Modeled valuation trajectory
$970.0M
Base estimate est.
$320.5M
Conservative case
$2.0B
Upside case
$552.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Seed · modeled $70.2M · 2010-11-242010Seed · modeled $60.4M · 2012-11-02Series B · modeled $332.3M · 2013-12-20Series B · modeled $361.4M · 2013-12-20Series B · modeled $475.9M · 2016-03-21Series C · modeled $711.6M · 2019-08-12Series C · modeled $970.0M · 2022-06-022022
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
78%
Survival probability
58% low · 90% high
1.22×/yr
Annual markup
1.40×/yr upside case
4.1 yr
Elapsed time used
4.1 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
23 mo
Avg between rounds
$15.8M/yr
Capital velocity
15.6 yr
On record since
2010
First round
7
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) 89× above median
This company$181.8M
Sector median$2.0M
Latest round — vs other Series C rounds in sector (real $, this stage) 1.7× above median
This company$82.9M
Sector median$50.0M
Modeled value — vs sector median (estimate, all stages) 55× above median
This company$970.0M
Sector median$17.7M

Raised more than 98% 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 (Series C) 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 #13 of 192.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Wild Type, Inc. · Series C Raised $115.6M · modeled $1.2B (est)Thingy Thing Inc. · Series C Raised $118.4M · modeled $1.2B (est)Intelycare, Inc. · Series C Raised $142.1M · modeled $1.2B (est)CertiK Global Ltd. · Series C Raised $233.4M · modeled $1.1B (est)Ivanhoe Electric Inc. · Series C Raised $157.6M · modeled $1.0B (est)Social Life Network, Inc. · Series C Raised $202.1M · modeled $1.0B (est)Ecoark Holdings, Inc. · Series C Raised $109.6M · modeled $1.0B (est)Marcella Golf Club LLC · Series C Raised $100.0M · modeled $1.0B (est)IAFD Holdings, LP · Series C Raised $88.4M · modeled $998.9M (est)CRB Topco LLC · Series C Raised $98.7M · modeled $995.4M (est)Alera Group Ultimate Holdings, LLC · Series C Raised $100.0M · modeled $992.9M (est)Redwire Corp · Series C Raised $80.8M · modeled $971.2M (est)Invoca, Inc. (this company) Raised $181.8M · modeled $970.0M (est)Invoca, Inc.
CompanyStageRaised · realValue · estvs peer med.
Wild Type, Inc.Series C$115.6M$1.2B2.33×
Thingy Thing Inc.Series C$118.4M$1.2B2.26×
Intelycare, Inc.Series C$142.1M$1.2B2.20×
CertiK Global Ltd.Series C$233.4M$1.1B2.00×
Ivanhoe Electric Inc.Series C$157.6M$1.0B1.95×
Social Life Network, Inc.Series C$202.1M$1.0B1.91×
Ecoark Holdings, Inc.Series C$109.6M$1.0B1.88×
Marcella Golf Club LLCSeries C$100.0M$1.0B1.88×
IAFD Holdings, LPSeries C$88.4M$998.9M1.87×
CRB Topco LLCSeries C$98.7M$995.4M1.86×
Alera Group Ultimate Holdings, LLCSeries C$100.0M$992.9M1.86×
Redwire CorpSeries C$80.8M$971.2M1.82×
Invoca, Inc. this companySeries C$181.8M$970.0M1.81×
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$3.8M2010-11-24$18.9M$70.2M85%
Seed$3.3M2012-11-02$16.3M$60.4M85%
Series B$20.0M2013-12-20$111.1M$332.3M85%
Series B$21.7M2013-12-20$120.8M$361.4M85%
Series B$28.6M2016-03-21$159.1M$475.9M85%
Series C$41.5M2019-08-12$276.7M$711.6M90%
Series C$82.9M2022-06-02$552.6M$970.0M90%
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$3.8M2010-11-24
    • First recorded raise — entered as Seed.
    • 10 investors on this round.
  2. Seed$3.3M2012-11-02
    • Raised again after 23 mo — slower than the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 9 investors on this round.
  3. Series B$20.0M2013-12-20
    • Raised 14 mo later, in step with the ~11 mo sector norm.
    • Round 6.2× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 3 investors on this round.
  4. Series B$21.7M2013-12-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  5. Series B$28.6M2016-03-21
    • Raised again after 27 mo — slower than the ~11 mo sector norm.
    • Round 1.3× larger than the prior — scaling up.
    • 6 investors on this round.
  6. Series C$41.5M2019-08-12
    • Raised again after 41 mo — slower than the ~11 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 11 investors on this round.
  7. Series C$82.9M2022-06-02
    • Raised again after 34 mo — slower than the ~11 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 14 investors on this round.
Intelligence
2024 ~Q2
Modeled next raise · ~23mo cadence
$165.5M
Modeled next size est.range $107.6M$264.9M
2.0×
Last step-up
$15.8M/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
Mark Suster12 other2010-11
Brett Queener9 other2013-12
John Greathouse8 other2012-11
Jason Spievak6 other2010-11
Scott Hilleboe5 other2019-08
Kobie Fuller3 other2016-03
Ethan Choi2 other2019-08
Joshua Jacobs2 other2012-11
Peter V. Sperling2 other2010-11
Mark Woodward1 other2016-03
Nick Cronin1 other2013-12
Robert Duva1 other2012-11
Dan Weigel2016-03
Gregg Johnson2019-08
John V. Greathouse2010-11
Kobie Fueller2013-12
Rob Duva2010-11
Scott Hillboe2022-06
Registry & provenance

Invoca, 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
1459030
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
Sitetracker, Inc.OtherSeries C$121.5M$763.5Mnetwork1 shared operator · same sector · same stage
Maker Studios, Inc.OtherSeries C$83.2M$8.6Mnetwork1 shared operator · same sector · same stage
1661, Inc.OtherSeries C$71.4M$1.0Bnetwork1 shared operator · same sector · same stage
Anrok, Inc.OtherSeries C$51.9M$387.8Mnetwork1 shared operator · same sector · same stage
Anuvia Plant Nutrients Holdings Inc.OtherSeries C$195.3M$802.9Msame sector · same stage
ZT Motors Holding, L.P.OtherSeries C$200.2M$931.6Msame sector · same stage
Asana, Inc.OtherSeries C$164.5M$874.4Msame sector · same stage
Social Life Network, Inc.OtherSeries C$202.1M$1.0Bsame sector · same stage
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
Involio Inc.Other TechnologySeed$3.0M87%
CHEVOO Inc.OtherSeries A$109.3M86%
Tavour, Inc.OtherPre-Seed$4.3M85%
Nevoya, Inc.OtherSeries A$15.4M85%
ONvocal, Inc.OtherSeed$73.9M84%
Novivolt, IncOtherPre-Seed$4.6M84%
Enduvo, Inc.OtherSeed$72.9M84%
Bevoco, Inc.Other TechnologyPre-Seed$6.4M83%
Frequently asked
How much funding has Invoca, Inc. raised?
Invoca, Inc. has raised approximately $181.8M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Invoca, Inc.'s estimated valuation?
Provath's modeled valuation for Invoca, Inc. is approximately $970.0M (modeled range $320.5M–$2.0B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Invoca, Inc. at?
Invoca, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Thu Jun 02.
What does Invoca, Inc. do and where is it based?
Invoca, Inc. operates in the Other sector, based in SANTA BARBARA.
Explore related

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

Is this your company?

If you work at Invoca, Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.