Companies · Other

Mercury Topco Holdings, Inc.

McLean · Other

Diligence memoA one-page analyst read on Mercury Topco Holdings, Inc. — recommendation, valuation, rhythm, risks.
$13.8M
Total raised · real
2
Rounds
0.8×
Latest step-up
Top 20%
Sector rank · raised
Series A
Latest stage · inferred · Thu Dec 01 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Mercury Topco Holdings, Inc. looks fair against its niche peers and is at-risk 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 1.16× the median modeled value of Series A Other companies in 2022–2024 (1135 peers) — value vs value, same stage and era.
  • Within the normal band (116% of peer median) for its niche.
At-risk
  • Last raise 3.6 yr ago; this sector typically re-raises about every 11 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.

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

Issuer-vehicle patternmedium confidence

Mercury Topco 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
4.5 yr record
Peak capital year was 2021 with $7.6M across 1 filings.
Market position
ahead of 81% of Other peers
Capital scale is ahead of 81% of Other peers; modeled value is above 70% 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
Lower 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.
  • Sector is still broad/Other, so operating comparables are weak.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2021: $7.6M across 1 filings.
  • Largest single filing was $7.6M on 2021-12-17.
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.
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

Mercury Topco Holdings, Inc. is one of 25008 Other companies tracked from McLean. By capital raised it ranks in the upper tier (ahead of 81% of sector peers), and in the upper tier 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
6
Investors (latest)
2021
Year incorporated
2022-12-01
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$25M$50M$75M$100MSeries A · 2021-12-17 Raised $7.6M (real) Modeled valuation $74M (est)$7.6M$74MSeries A2021Series A · 2022-12-01 Raised $6.2M (real) Modeled valuation $45M (est)$6.2M$45MSeries A2022+$6.2MCumulative $14M

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 A$7.6M · 2021
Series A extension$6.2M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$45.2M
Base estimate est.
$8.4M
Conservative case
$140.7M
Upside case
$28.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Series A · modeled $74.3M · 2021-12-172021Series A · modeled $45.2M · 2022-12-012022
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
55%
Survival probability
30% low · 75% high
1.35×/yr
Annual markup
1.70×/yr upside case
3.6 yr
Elapsed time used
3.6 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$14.4M/yr
Capital velocity
4.5 yr
On record since
2021
First round
2
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) 6.7× above median
This company$13.8M
Sector median$2.0M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.1× above median
This company$6.2M
Sector median$5.7M
Modeled value — vs sector median (estimate, all stages) 2.6× above median
This company$45.2M
Sector median$17.7M

Raised more than 81% of sector peers (real $). Modeled value above 70% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #432 of 1,135.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Ness Well, Inc. · Series A Raised $14.9M · modeled $142.4M (est)Quantori, Inc. · Series A Raised $15.0M · modeled $138.5M (est)Applause Network TV, Inc. · Series A Raised $15.0M · modeled $135.0M (est)Qquv Investments 5, Llc · Series A Raised $15.0M · modeled $135.0M (est)Trustworthy Co · Series A Raised $15.5M · modeled $134.2M (est)DigniFi Holding, Inc. · Series A Raised $24.3M · modeled $133.9M (est)Proventures Capital, Inc. · Series A Raised $14.7M · modeled $132.9M (est)Zenledger, Inc. · Series A Raised $21.6M · modeled $132.0M (est)Gridwise, Inc. · Series A Raised $20.4M · modeled $131.7M (est)Aztec Broadway Ltd Liability Co · Series A Raised $14.0M · modeled $127.6M (est)KABR Jamaica SPE LLC · Series A Raised $14.7M · modeled $126.8M (est)Harmony Musical LLC · Series A Raised $15.0M · modeled $126.2M (est)Mercury Topco Holdings, Inc. (this company) Raised $13.8M · modeled $45.2M (est)Mercury Topco Holdings, Inc.
CompanyStageRaised · realValue · estvs peer med.
Ness Well, Inc.Series A$14.9M$142.4M3.67×
Quantori, Inc.Series A$15.0M$138.5M3.57×
Applause Network TV, Inc.Series A$15.0M$135.0M3.48×
Qquv Investments 5, LlcSeries A$15.0M$135.0M3.48×
Trustworthy CoSeries A$15.5M$134.2M3.46×
DigniFi Holding, Inc.Series A$24.3M$133.9M3.45×
Proventures Capital, Inc.Series A$14.7M$132.9M3.42×
Zenledger, Inc.Series A$21.6M$132.0M3.40×
Gridwise, Inc.Series A$20.4M$131.7M3.39×
Aztec Broadway Ltd Liability CoSeries A$14.0M$127.6M3.29×
KABR Jamaica SPE LLCSeries A$14.7M$126.8M3.26×
Harmony Musical LLCSeries A$15.0M$126.2M3.25×
Mercury Topco Holdings, Inc. this companySeries A$13.8M$45.2M1.16×
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 A$7.6M2021-12-17$34.6M$74.3M90%
Series A$6.2M2022-12-01$28.1M$45.2M90%
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 A$7.6M2021-12-17
    • First recorded raise — entered as Series A.
    • 8 investors on this round.
  2. Series A$6.2M2022-12-01
    • Raised 11 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 6 investors on this round.
Intelligence
2023 ~Q4
Modeled next raise · ~11mo cadence
$6.2M
Modeled next size est.range $6.2M$9.9M
0.8×
Last step-up
$14.4M/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
David Adams13 other2021-12
Todd Stottlemyer2 other2021-12
Dayne Baird1 other2021-12
Alex Mears2021-12
Registry & provenance

Mercury Topco 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
1907182
SEC CIK
2021
Incorporated
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
Mercury Management Holdings, LLCOtherSeries A$7.6M$74.3Mnetwork2 shared operators · same sector · same stage
Dalradian Resources Inc.OtherSeries A$13.7M$46.3Msame sector · same stage
InStadium, Inc.OtherSeries A$13.6M$45.4Msame sector · same stage
Homecourt, Inc.OtherSeries A$14.1M$46.0Msame sector · same stage
RailRoad Lofts Syndication LPOtherSeries A$13.5M$46.1Msame sector · same stage
Avitae Holdings LLCOtherSeries A$13.2M$46.9Msame sector · same stage
Coyne Rickenbacker, LlcOtherSeries A$13.1M$45.4Msame sector · same stage
Brindlee Mountain Fire Apparatus, L.L.C.OtherSeries A$13.1M$45.9Msame 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
Neptune Topco Holdings, LLCOtherSeries C$11.1M91%
Mercury Management Holdings, LLCOtherSeries A$74.3M90%
Neptune Management Topco Holdings, LLCOtherSeries B$2.0M90%
S-G TopCo CorpOtherSeries C$1.1B89%
Mercury Business Services Holdings, LLCOtherSeed$22.3M88%
Elements Topco LtdOtherPre-Seed$515K87%
Maverick Topco, LLCOtherSeed$17.9M87%
Top Holdings, LLCOtherPre-Seed$1.9M87%
Frequently asked
How much funding has Mercury Topco Holdings, Inc. raised?
Mercury Topco Holdings, Inc. has raised approximately $13.8M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Mercury Topco Holdings, Inc.'s estimated valuation?
Provath's modeled valuation for Mercury Topco Holdings, Inc. is approximately $45.2M (modeled range $8.4M–$140.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Mercury Topco Holdings, Inc. at?
Mercury Topco Holdings, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Dec 01.
What does Mercury Topco Holdings, Inc. do and where is it based?
Mercury Topco Holdings, Inc. operates in the Other sector, based in McLean.
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