Companies · Other Technology

Millennial Media Inc.

Baltimore · Other Technology

Diligence memoA one-page analyst read on Millennial Media Inc. — recommendation, valuation, rhythm, risks.
$239.7M
Total raised · real
3
Rounds
0.3×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Thu Dec 04 2014 00:00:00 GMT+0000 (Coordinated Universal Time)

Millennial Media Inc. 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 technology 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 0.33× the median modeled value of Series D+ Other Technology companies in 2013–2015 (45 peers) — value vs value, same stage and era.
Dormant
  • Last raise 11.6 yr ago; this sector typically re-raises about every 13 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 Technology

Millennial Media Inc. is one of 21302 Other Technology companies tracked from Baltimore. By capital raised it ranks among the largest (ahead of 99% 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$2.5B$5.0B$7.5B$10.0BSeries B · 2009-11-13 Raised $16M (real) Modeled valuation $487M (est)$16M$487MSeries B2009Series D+ · 2013-11-06 Raised $175M (real) Modeled valuation $5.5B (est)$175M$5.5BSeries D+2013Series D+ · 2014-12-04 Raised $48M (real) Modeled valuation $1.5B (est)$48M$1.5BSeries D+2014+$175M+$48MCumulative $240M

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 B$16.0M · 2009
Series D+$175.4M · 2013no Series C on file
Series D+ extension$48.3M · 2014

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series C — 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
$1.5B
Base estimate est.
$268.0M
Conservative case
$3.3B
Upside case
$402.1M
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 technology sector profile. Directional, not a quoted figure.

Series B · modeled $487.3M · 2009-11-132009Series D+ · modeled $5.5B · 2013-11-06Series D+ · modeled $1.5B · 2014-12-042014
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
83%
Survival probability
67% low · 92% high
1.29×/yr
Annual markup
1.44×/yr upside case
6.0 yr
Elapsed time used
11.6 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
30 mo
Avg between rounds
$47.4M/yr
Capital velocity
16.6 yr
On record since
2009
First round
3
Rounds on file
How it compares to the market

Benchmarked against 21302 companies in Other Technology. 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) 75× above median
This company$239.7M
Sector median$3.2M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.4× of median
This company$48.3M
Sector median$115.0M
Modeled value — vs sector median (estimate, all stages) 41× above median
This company$1.5B
Sector median$37.3M

Raised more than 99% 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 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 #37 of 45.

This companyCohort peer
$1.0B$10.0B$100.0B$100.0M$1.0BCapital raised (log)Medeanalytics Parent, Inc. · Series D+ Raised $387.5M · modeled $12.3B (est)Alphabet Inc. · Series D+ Raised $380.2M · modeled $12.0B (est)Digicert Parent, Inc. · Series D+ Raised $379.2M · modeled $12.0B (est)Jet.com, Inc. · Series D+ Raised $474.5M · modeled $11.1B (est)Dropbox, Inc. · Series D+ Raised $332.3M · modeled $10.3B (est)Tyler Technologies Inc · Series D+ Raised $310.0M · modeled $9.8B (est)Amaya Gaming Group Inc. · Series D+ Raised $486.6M · modeled $9.5B (est)PSAV Holdings LLC · Series D+ Raised $275.8M · modeled $8.7B (est)Trident Private Holdings I, LLC · Series D+ Raised $273.1M · modeled $8.6B (est)GitHub, Inc. · Series D+ Raised $350.5M · modeled $7.9B (est)Datapipe Holdings, LLC · Series D+ Raised $236.4M · modeled $7.5B (est)MaritzCX Holdings LLC · Series D+ Raised $203.1M · modeled $6.4B (est)Millennial Media Inc. (this company) Raised $239.7M · modeled $1.5B (est)Millennial Media Inc.
CompanyStageRaised · realValue · estvs peer med.
Medeanalytics Parent, Inc.Series D+$387.5M$12.3B2.66×
Alphabet Inc.Series D+$380.2M$12.0B2.61×
Digicert Parent, Inc.Series D+$379.2M$12.0B2.61×
Jet.com, Inc.Series D+$474.5M$11.1B2.41×
Dropbox, Inc.Series D+$332.3M$10.3B2.23×
Tyler Technologies IncSeries D+$310.0M$9.8B2.13×
Amaya Gaming Group Inc.Series D+$486.6M$9.5B2.06×
PSAV Holdings LLCSeries D+$275.8M$8.7B1.90×
Trident Private Holdings I, LLCSeries D+$273.1M$8.6B1.88×
GitHub, Inc.Series D+$350.5M$7.9B1.72×
Datapipe Holdings, LLCSeries D+$236.4M$7.5B1.62×
MaritzCX Holdings LLCSeries D+$203.1M$6.4B1.40×
Millennial Media Inc. this companySeries D+$239.7M$1.5B0.33×
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 B$16.0M2009-11-13$88.9M$487.3M90%
Series D+$175.4M2013-11-06$1.5B$5.5B90%
Series D+$48.3M2014-12-04$402.1M$1.5B90%
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 B$16.0M2009-11-13
    • First recorded raise — entered as Series B.
  2. Series D+$175.4M2013-11-06
    • Raised again after 48 mo — slower than the ~13 mo sector norm.
    • Round 11.0× larger than the prior — scaling up.
  3. Series D+$48.3M2014-12-04
    • Raised 13 mo later, in step with the ~13 mo sector norm.
    • Round 3.6× smaller than the prior — bridge or down round.
Intelligence
2017 ~Q2
Modeled next raise · ~30mo cadence
$48.3M
Modeled next size est.range $48.3M$77.2M
0.3×
Last step-up
$47.4M/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
Robert Goodman12 other2009-11
Chris Brandenburg2 other2009-11
Robert P. Goodman2 other2014-12
Wenda Harris Millard2 other2009-11
James A Tholen1 other2014-12
Jason A. Kelly1 other2014-12
Michael B Avon1 other2013-11
Michael G. Barrett1 other2014-12
Paul Palmieri1 other2009-11
Thomas R. Evans1 other2014-12
Alan Harris MacIntosh2009-11
Andrew J Jeanneret2014-12
Ernest A Cormier2014-12
George Harris Bell2013-11
George Harris Zachary2009-11
Ho B Shin2013-11
Ho J Shin2014-12
James Harris Tholen2013-11
Jay Harris Markley2009-11
Marc J Theermann2014-12
Matthew B Gillis2013-11
Matthew J Gillis2014-12
Mollie J Spilman2013-11
Patrick Harris Kerins2009-11
Registry & provenance

Millennial Media 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
1372375
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
Genomatica IncOther TechnologySeries D+$172.2M$3.0Bnetwork1 shared operator · same sector · same stage
Broadsoft IncTelecommunicationsSeries D+$121.5M$32.3Mnetwork2 shared operators · same stage
MaintainX Inc.Other TechnologySeries D+$242.1M$1.4Bsame sector · same stage
Awardco, Inc.Other TechnologySeries D+$235.2M$1.6Bsame sector · same stage
Wyle Inc.Other TechnologySeries D+$245.9M$1.1Bsame sector · same stage
Blockratize Inc.Other TechnologySeries D+$226.3M$1.2Bsame sector · same stage
Acacia Research CorpOther TechnologySeries D+$260.0M$1.1Bsame sector · same stage
American Bitcoin Corp.Other TechnologySeries D+$220.1M$2.0Bsame sector · same stage
Frequently asked
How much funding has Millennial Media Inc. raised?
Millennial Media Inc. has raised approximately $239.7M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Millennial Media Inc.'s estimated valuation?
Provath's modeled valuation for Millennial Media Inc. is approximately $1.5B (modeled range $268.0M–$3.3B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Millennial Media Inc. at?
Millennial Media Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Thu Dec 04.
What does Millennial Media Inc. do and where is it based?
Millennial Media Inc. operates in the Other Technology sector, based in Baltimore.
Explore related

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