Companies · Other

Miami International Holdings, Inc.

PRINCETON · Other

Diligence memoA one-page analyst read on Miami International Holdings, Inc. — recommendation, valuation, rhythm, risks.
$192.1M
Total raised · real
6
Rounds
0.5×
Latest step-up
Top 3%
Sector rank · raised
Series C
Latest stage · inferred · Fri Jul 30 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Miami International 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.

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

Fair
  • Modeled value is 0.85× the median modeled value of Series C Other companies in 2019–2021 (190 peers) — value vs value, same stage and era.
  • Within the normal band (85% of peer median) for its niche.
Dormant
  • Last raise 4.9 yr ago; this sector typically re-raises about every 11 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

Miami International 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
10.8 yr record
Peak capital year was 2020 with $94.9M across 1 filings.
Market position
ahead of 98% of Other peers
Capital scale is ahead of 98% of Other peers; modeled value is above 95% 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 2020: $94.9M across 1 filings.
  • Largest single filing was $94.9M on 2020-12-04.
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 Other

Miami International Holdings, Inc. is one of 25015 Other companies tracked from PRINCETON. 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
5
Investors (latest)
2021-07-30
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$500M$1.0B$1.5B$2.0BSeries A · 2015-09-17 Raised $10M (real) Modeled valuation $154M (est)$10M$154MSeries A2015Series B · 2016-06-27 Raised $30M (real) Modeled valuation $498M (est)$30M$498MSeries B2016Series B · 2017-03-24 Raised $1.8M (real) Modeled valuation $30M (est)$1.8M$30MSeries B2017Series B · 2018-01-19 Raised $5.0M (real) Modeled valuation $83M (est)$5.0M$83MSeries B2018Series C · 2020-12-04 Raised $95M (real) Modeled valuation $1.5B (est)$95M$1.5BSeries C2020Series C · 2021-07-30 Raised $50M (real) Modeled valuation $694M (est)$50M$694MSeries C2021+$30M+$1.8M+$5.0M+$95M+$50MCumulative $192M

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$10.2M · 2015
Series B$30.0M · 2016
Series B extension$1.8M · 2017
Series B extension$5.0M · 2018
Series C$94.9M · 2020
Series C extension$50.1M · 2021

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: 60%.

Modeled valuation trajectory
$694.1M
Base estimate est.
$193.9M
Conservative case
$1.6B
Upside case
$334.3M
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.

Series A · modeled $154.4M · 2015-09-172015Series B · modeled $498.4M · 2016-06-27Series B · modeled $29.9M · 2017-03-24Series B · modeled $83.1M · 2018-01-19Series C · modeled $1.5B · 2020-12-04Series C · modeled $694.1M · 2021-07-302021
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
4.9 yr
Elapsed time used
4.9 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$32.7M/yr
Capital velocity
10.8 yr
On record since
2015
First round
6
Rounds on file
How it compares to the market

Benchmarked against 25015 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) 94× above median
This company$192.1M
Sector median$2.0M
Latest round — vs other Series C rounds in sector (real $, this stage) 1.0× above median
This company$50.1M
Sector median$50.0M
Modeled value — vs sector median (estimate, all stages) 39× above median
This company$694.1M
Sector median$17.7M

Raised more than 98% of sector peers (real $). Modeled value above 95% 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 #132 of 190.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Lonnie Ray Williams Jr Trust · Series C Raised $100.0M · modeled $1.7B (est)Ault Life Sciences, Inc. · Series C Raised $100.0M · modeled $1.7B (est)Watchtower Topco, LLC · Series C Raised $99.7M · modeled $1.7B (est)Watchtower Management Holdco, LLC · Series C Raised $99.2M · modeled $1.7B (est)Alphaeon 1 LLC · Series C Raised $96.8M · modeled $1.7B (est)Jushi Acquisition Corp. · Series C Raised $92.3M · modeled $1.6B (est)Celebrands, LLC · Series C Raised $89.0M · modeled $1.5B (est)Dashlane, Inc. · Series C Raised $129.2M · modeled $1.5B (est)HES Facilities Holdings, LLC · Series C Raised $84.3M · modeled $1.4B (est)Surterra Holdings, Inc. · Series C Raised $98.0M · modeled $1.4B (est)Carmax Inc · Series C Raised $98.2M · modeled $1.4B (est)PEX Management Aggregator, LLC · Series C Raised $87.8M · modeled $1.4B (est)Miami International Holdings, Inc. (this company) Raised $192.1M · modeled $694.1M (est)Miami International Holdings, Inc.
CompanyStageRaised · realValue · estvs peer med.
Lonnie Ray Williams Jr TrustSeries C$100.0M$1.7B2.10×
Ault Life Sciences, Inc.Series C$100.0M$1.7B2.10×
Watchtower Topco, LLCSeries C$99.7M$1.7B2.09×
Watchtower Management Holdco, LLCSeries C$99.2M$1.7B2.08×
Alphaeon 1 LLCSeries C$96.8M$1.7B2.03×
Jushi Acquisition Corp.Series C$92.3M$1.6B1.94×
Celebrands, LLCSeries C$89.0M$1.5B1.81×
Dashlane, Inc.Series C$129.2M$1.5B1.78×
HES Facilities Holdings, LLCSeries C$84.3M$1.4B1.77×
Surterra Holdings, Inc.Series C$98.0M$1.4B1.74×
Carmax IncSeries C$98.2M$1.4B1.72×
PEX Management Aggregator, LLCSeries C$87.8M$1.4B1.69×
Miami International Holdings, Inc. this companySeries C$192.1M$694.1M0.85×
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$10.2M2015-09-17$46.4M$154.4M85%
Series B$30.0M2016-06-27$166.7M$498.4M85%
Series B$1.8M2017-03-24$10.0M$29.9M90%
Series B$5.0M2018-01-19$27.8M$83.1M90%
Series C$94.9M2020-12-04$632.8M$1.5B90%
Series C$50.1M2021-07-30$334.3M$694.1M90%
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$10.2M2015-09-17
    • First recorded raise — entered as Series A.
    • 1 investor on this round.
  2. Series B$30.0M2016-06-27
    • Raised 9 mo later, in step with the ~11 mo sector norm.
    • Round 2.9× larger than the prior — scaling up.
    • 1 investor on this round.
  3. Series B$1.8M2017-03-24
    • Raised 9 mo later, in step with the ~11 mo sector norm.
    • Round 16.7× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  4. Series B$5.0M2018-01-19
    • Raised 10 mo later, in step with the ~11 mo sector norm.
    • Round 2.8× larger than the prior — scaling up.
    • 1 investor on this round.
  5. Series C$94.9M2020-12-04
    • Raised again after 34 mo — slower than the ~11 mo sector norm.
    • Round 19.0× larger than the prior — scaling up.
    • 85 investors on this round.
  6. Series C$50.1M2021-07-30
    • Raised 8 mo later, in step with the ~11 mo sector norm.
    • Round 1.9× smaller than the prior — bridge or down round.
    • 5 investors on this round.
Intelligence
2022 ~Q4
Modeled next raise · ~14mo cadence
$50.1M
Modeled next size est.range $50.1M$80.2M
0.5×
Last step-up
$32.7M/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
Thomas Kelly8 other2015-09
John Davis6 other2015-09
Thomas Gallagher3 other2015-09
William Hopkins3 other2015-09
John Smollen2 other2015-09
Khaled El-Marsafy2 other2015-09
Mark Raymond2 other2015-09
Abdulwahab Al-Nakib1 other2015-09
Paul Warner1 other2015-09
Albert Barro, Jr.2015-09
Barbara Comly2015-09
Barry Belmont2015-09
Byrum Teekell2015-09
Christopher Brady2015-09
Christopher Gray Whittington2020-12
Christopher Whittington2015-09
Clinton Pagano, Sr.2015-09
Cynthia Schwarzkopf2015-09
Douglas Schafer, Jr.2015-09
Edward Deitzel2017-03
Edward Gray Deitzel2020-12
Jack Mondel2015-09
Jassem Gray Zainal2020-12
Jassem Zainal2015-09
Registry & provenance

Miami International 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
1438472
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
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Anuvia Plant Nutrients Holdings Inc.OtherSeries C$195.3M$803.3Msame sector · same stage
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Orange Holding Co LLCOtherSeries C$175.5M$544.5Msame sector · same stage
American Aerogel CorpOtherSeries C$174.4M$716.7Msame sector · same stage
Tremor Media IncOtherSeries C$165.6M$634.4Msame sector · same stage
NewStore Inc.OtherSeries C$155.7M$659.8Msame 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
Island Global Holdings, Inc.OtherSeries B$30.3M86%
DP Miami I, LLCOtherPre-Seed$3.1M86%
Nest Global Holdings LLCOtherPre-Seed$2.3M86%
FCP-B.I. Holdings, LLCOtherSeries B$336.2M84%
FCDG Holdings, LLCOtherSeries C$570.0M84%
Fc Acquisition, Inc.OtherSeed$21.4M83%
Cypress Holdings Group, Inc.OtherSeed$23.4M83%
Nest Collaborative Holdings, Inc.OtherSeries A$40.2M83%
Frequently asked
How much funding has Miami International Holdings, Inc. raised?
Miami International Holdings, Inc. has raised approximately $192.1M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Miami International Holdings, Inc.'s estimated valuation?
Provath's modeled valuation for Miami International Holdings, Inc. is approximately $694.1M (modeled range $193.9M–$1.6B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Miami International Holdings, Inc. at?
Miami International Holdings, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Fri Jul 30.
What does Miami International Holdings, Inc. do and where is it based?
Miami International Holdings, Inc. operates in the Other sector, based in PRINCETON.
Explore related

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