Companies · Computers

Manatron Holdings, Inc.

PORTAGE · Computers

Diligence memoA one-page analyst read on Manatron Holdings, Inc. — recommendation, valuation, rhythm, risks.
$250K
Total raised · real
1
Rounds
Latest step-up
Top 86%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Wed Jan 26 2011 00:00:00 GMT+0000 (Coordinated Universal Time)

Manatron Holdings, 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 software/compute 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 0.83× the median modeled value of Pre-Seed Computers companies in 2010–2012 (115 peers) — value vs value, same stage and era.
  • Within the normal band (83% of peer median) for its niche.
Dormant
  • Last raise 15.4 yr ago; this sector typically re-raises about every 12 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Manatron Holdings, Inc. 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
15.4 yr record
Peak capital year was 2011 with $250K across 1 filings.
Market position
ahead of 15% of Computers peers
Capital scale is ahead of 15% of Computers peers; modeled value is above 32% 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 2011: $250K across 1 filings.
  • Largest single filing was $250K on 2011-01-26.
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.
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 Computers

Manatron Holdings, Inc. is one of 1371 Computers companies tracked from PORTAGE. By capital raised it ranks in the long tail (ahead of 15% of sector peers), and in the long tail 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$5.0M$10M$15M$20MPre-Seed · 2011-01-26 Raised $250K (real) Modeled valuation $13M (est)$250K$13MPre-Seed2011

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
Pre-Seed$250K · 2011

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$12.7M
Base estimate est.
$167K
Conservative case
$143.8M
Upside case
$1.4M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the software/compute sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
30%
Survival probability
12% low · 55% high
1.77×/yr
Annual markup
2.39×/yr upside case
6.0 yr
Elapsed time used
15.4 yr actual, capped for stale marks
software/compute
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
15.4 yr
On record since
2011
First round
1
Rounds on file
How it compares to the market

Benchmarked against 1371 companies in Computers. 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) 0.1× of median
This company$250K
Sector median$1.9M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.8× of median
This company$250K
Sector median$326K
Modeled value — vs sector median (estimate, all stages) 0.4× of median
This company$12.7M
Sector median$33.0M

Raised more than 15% of sector peers (real $). Modeled value above 32% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-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 #67 of 115.

This companyCohort peer
$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Semmle Capital Partners LLC · Pre-Seed Raised $2.0M · modeled $50.7M (est)Trustifi Inc. · Pre-Seed Raised $1.0M · modeled $50.7M (est)Execue Inc · Pre-Seed Raised $1.0M · modeled $50.7M (est)CloudPrime, Inc. · Pre-Seed Raised $995K · modeled $50.5M (est)Giftiki, Inc. · Pre-Seed Raised $920K · modeled $46.7M (est)Webroot Software Inc · Pre-Seed Raised $1.1M · modeled $46.3M (est)Ncap Security Systems, Inc. · Pre-Seed Raised $1.5M · modeled $45.9M (est)Celeris LLC · Pre-Seed Raised $900K · modeled $45.7M (est)Brainrush, Inc. · Pre-Seed Raised $875K · modeled $44.4M (est)CrossCurrent Business Analytics, LLC · Pre-Seed Raised $833K · modeled $42.3M (est)Flashgroup Inc · Pre-Seed Raised $1.5M · modeled $41.9M (est)Virtual Command, LLC · Pre-Seed Raised $1.0M · modeled $40.6M (est)Manatron Holdings, Inc. (this company) Raised $250K · modeled $12.7M (est)Manatron Holdings, Inc.
CompanyStageRaised · realValue · estvs peer med.
Semmle Capital Partners LLCPre-Seed$2.0M$50.7M3.33×
Trustifi Inc.Pre-Seed$1.0M$50.7M3.33×
Execue IncPre-Seed$1.0M$50.7M3.33×
CloudPrime, Inc.Pre-Seed$995K$50.5M3.32×
Giftiki, Inc.Pre-Seed$920K$46.7M3.07×
Webroot Software IncPre-Seed$1.1M$46.3M3.04×
Ncap Security Systems, Inc.Pre-Seed$1.5M$45.9M3.02×
Celeris LLCPre-Seed$900K$45.7M3.00×
Brainrush, Inc.Pre-Seed$875K$44.4M2.92×
CrossCurrent Business Analytics, LLCPre-Seed$833K$42.3M2.78×
Flashgroup IncPre-Seed$1.5M$41.9M2.75×
Virtual Command, LLCPre-Seed$1.0M$40.6M2.67×
Manatron Holdings, Inc. this companyPre-Seed$250K$12.7M0.83×
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.
Pre-Seed$250K2011-01-26$1.4M$12.7M90%
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. Pre-Seed$250K2011-01-26
    • First recorded raise — entered as Pre-Seed.
Intelligence
Modeled next raise
$400K
Modeled next size est.range $260K$640K
Last step-up
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
Marcel Bernard7 other2011-01
Holden Spaht4 other2011-01
Scott Crabill3 other2011-01
Charles Boyle1 other2011-01
Bill McKinzie2011-01
Early Stephens2011-01
Marty Ulanski2011-01
Mary Gephart2011-01
Registry & provenance

Manatron Holdings, 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
1512591
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
4DI Inc.ComputersPre-Seed$250K$12.7Msame sector · same stage
5 examples, inc.ComputersPre-Seed$250K$12.7Msame sector · same stage
AdelaVoice CorpComputersPre-Seed$250K$12.7Msame sector · same stage
Artifact Software IncComputersPre-Seed$250K$12.7Msame sector · same stage
BoatsGo, Inc.ComputersPre-Seed$250K$12.7Msame sector · same stage
cGate Health, Inc.ComputersPre-Seed$250K$12.7Msame sector · same stage
Create Reach, LLCComputersPre-Seed$250K$12.7Msame sector · same stage
Infinite Acquisitions, Inc.ComputersPre-Seed$250K$12.7Msame sector · same stage
Frequently asked
How much funding has Manatron Holdings, Inc. raised?
Manatron Holdings, Inc. has raised approximately $250K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Manatron Holdings, Inc.'s estimated valuation?
Provath's modeled valuation for Manatron Holdings, Inc. is approximately $12.7M (modeled range $167K–$143.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Manatron Holdings, Inc. at?
Manatron Holdings, Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Wed Jan 26.
What does Manatron Holdings, Inc. do and where is it based?
Manatron Holdings, Inc. operates in the Computers sector, based in PORTAGE.
Explore related

See where Manatron Holdings, 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 Manatron Holdings, 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.