Companies · Telecommunications

LTS Co-Invest Blocker II LLC

BOSTON · Telecommunications

Diligence memoA one-page analyst read on LTS Co-Invest Blocker II LLC — recommendation, valuation, rhythm, risks.
$181.4M
Total raised · real
2
Rounds
0.2×
Latest step-up
Top 5%
Sector rank · raised
Series D+
Latest stage · inferred · Fri Jul 29 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

LTS Co-Invest Blocker II LLC 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 telecom 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 0.28× the median modeled value of Series D+ Telecommunications companies in 2016–2018 (9 peers) — value vs value, same stage and era.
Dormant
  • Last raise 9.9 yr ago; this sector typically re-raises about every 10 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

LTS Co-Invest Blocker II 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
10.9 yr record
Peak capital year was 2015 with $150.8M across 1 filings.
Market position
ahead of 96% of Telecommunications peers
Capital scale is ahead of 96% of Telecommunications peers; modeled value is above 92% 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 2015: $150.8M across 1 filings.
  • Largest single filing was $150.8M on 2015-08-12.
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.
Where it sits in Telecommunications

LTS Co-Invest Blocker II LLC is one of 929 Telecommunications companies tracked from BOSTON. By capital raised it ranks among the largest (ahead of 96% 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
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$1.3B$2.5B$3.8B$5.0BSeries D+ · 2015-08-12 Raised $151M (real) Modeled valuation $3.0B (est)$151M$3.0BSeries D+2015Series D+ · 2016-07-29 Raised $31M (real) Modeled valuation $611M (est)$31M$611MSeries D+2016+$31MCumulative $181M

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
Series D+$150.8M · 2015
Series D+ extension$30.6M · 2016

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 17%.

Modeled valuation trajectory
$611.0M
Base estimate est.
$168.0M
Conservative case
$1.3B
Upside case
$254.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the telecom sector profile. Directional, not a quoted figure.

Series D+ · modeled $3.0B · 2015-08-122015Series D+ · modeled $611.0M · 2016-07-292016
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
83%
Survival probability
66% low · 91% high
1.20×/yr
Annual markup
1.34×/yr upside case
6.0 yr
Elapsed time used
9.9 yr actual, capped for stale marks
telecom
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
12 mo
Avg between rounds
$188.2M/yr
Capital velocity
10.9 yr
On record since
2015
First round
2
Rounds on file
How it compares to the market

Benchmarked against 929 companies in Telecommunications. 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) 46× above median
This company$181.4M
Sector median$4.0M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.2× of median
This company$30.6M
Sector median$135.9M
Modeled value — vs sector median (estimate, all stages) 22× above median
This company$611.0M
Sector median$28.3M

Raised more than 96% of sector peers (real $). Modeled value above 92% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) 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 #9 of 9.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)IWG Holdings, LLC · Series D+ Raised $269.9M · modeled $5.4B (est)Trident Private Holdings III, LLC · Series D+ Raised $230.3M · modeled $4.6B (est)GTCR Onvoy Holdings LLC · Series D+ Raised $167.9M · modeled $3.2B (est)INFINERA Corp · Series D+ Raised $129.6M · modeled $2.6B (est)MIV Greeneden LP Holding SCA · Series D+ Raised $124.0M · modeled $2.2B (est)MTN Infrastructure TopCo, LP · Series D+ Raised $107.2M · modeled $2.1B (est)Starry, Inc. · Series D+ Raised $130.0M · modeled $2.0B (est)SmartSky Networks, LLC · Series D+ Raised $234.7M · modeled $860.7M (est)LTS Co-Invest Blocker II LLC (this company) Raised $181.4M · modeled $611.0M (est)LTS Co-Invest Blocker II LLC
CompanyStageRaised · realValue · estvs peer med.
IWG Holdings, LLCSeries D+$269.9M$5.4B2.43×
Trident Private Holdings III, LLCSeries D+$230.3M$4.6B2.07×
GTCR Onvoy Holdings LLCSeries D+$167.9M$3.2B1.44×
INFINERA CorpSeries D+$129.6M$2.6B1.17×
MIV Greeneden LP Holding SCASeries D+$124.0M$2.2B1.00×
MTN Infrastructure TopCo, LPSeries D+$107.2M$2.1B0.97×
Starry, Inc.Series D+$130.0M$2.0B0.90×
SmartSky Networks, LLCSeries D+$234.7M$860.7M0.39×
LTS Co-Invest Blocker II LLC this companySeries D+$181.4M$611.0M0.28×
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.
Series D+$150.8M2015-08-12$1.3B$3.0B90%
Series D+$30.6M2016-07-29$254.7M$611.0M90%
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. Series D+$150.8M2015-08-12
    • First recorded raise — entered as Series D+.
  2. Series D+$30.6M2016-07-29
    • Raised 12 mo later, in step with the ~10 mo sector norm.
    • Round 4.9× smaller than the prior — bridge or down round.
Intelligence
2017 ~Q3
Modeled next raise · ~12mo cadence
$30.6M
Modeled next size est.range $30.6M$48.9M
0.2×
Last step-up
$188.2M/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.

Registry & provenance

LTS Co-Invest Blocker II 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
1650773
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
VFN Holdings, Inc.TelecommunicationsSeries D+$188.0M$918.6Msame sector · same stage
Juniper Networks IncTelecommunicationsSeries D+$163.6M$78.1Msame sector · same stage
OAO Acquisitions, Inc.TelecommunicationsSeries D+$160.6M$93.6Msame sector · same stage
SmartSky Networks, LLCTelecommunicationsSeries D+$234.7M$860.7Msame sector · same stage
Broadsoft IncTelecommunicationsSeries D+$121.5M$32.3Msame sector · same stage
Fuze, Inc.TelecommunicationsSeries D+$491.3M$247.5Msame sector · same stage
SpiderCloud Wireless, Inc.TelecommunicationsSeries B$164.8M$292.5Msame sector
Crosstown Fiber Holdings LLCTelecommunicationsSeries C$163.9M$847.5Msame sector
Frequently asked
How much funding has LTS Co-Invest Blocker II LLC raised?
LTS Co-Invest Blocker II LLC has raised approximately $181.4M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is LTS Co-Invest Blocker II LLC's estimated valuation?
Provath's modeled valuation for LTS Co-Invest Blocker II LLC is approximately $611.0M (modeled range $168.0M–$1.3B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is LTS Co-Invest Blocker II LLC at?
LTS Co-Invest Blocker II LLC's latest modeled financing stage is Series D+. Its most recent recorded round closed around Fri Jul 29.
What does LTS Co-Invest Blocker II LLC do and where is it based?
LTS Co-Invest Blocker II LLC operates in the Telecommunications sector, based in BOSTON.
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