Companies · Telecommunications

Mutualink Inc

WALLINGFORD · Telecommunications

Diligence memoA one-page analyst read on Mutualink Inc — recommendation, valuation, rhythm, risks.
$86.3M
Total raised · real
7
Rounds
0.8×
Latest step-up
Top 10%
Sector rank · raised
Series C
Latest stage · inferred · Wed Jun 18 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Mutualink Inc has raised $86M over 7 rounds; too few niche peers to rank its valuation yet.

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.

Active
  • Last raise 12 mo ago; this sector typically re-raises about every 10 months.
  • Raising on or ahead of the sector's normal rhythm.
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 Telecommunications

Mutualink Inc is one of 929 Telecommunications companies tracked from WALLINGFORD. By capital raised it ranks among the largest (ahead of 91% 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
$5M–$25M
Issuer revenue
Rule 506(b)
Reg D exemption
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$250M$500M$750M$1.0BSeed · 2011-10-14 Raised $2.0M (real) Modeled valuation $43M (est)Seed2011Series A · 2012-03-02 Raised $6.0M (real) Modeled valuation $105M (est)Series A2012Series B · 2013-04-25 Raised $37M (real) Modeled valuation $719M (est)Series B2013Seed · 2013-04-25 Raised $2.3M (real) Modeled valuation $50M (est)Seed2013Series A · 2013-04-25 Raised $11M (real) Modeled valuation $193M (est)Series A2013Series B · 2013-04-25 Raised $27M (real) Modeled valuation $520M (est)Series B2013Series C · 2013-04-25 Raised $42M (real) Modeled valuation $834M (est)Series C2013Series B · 2013-04-25 Raised $23M (real) Modeled valuation $438M (est)Series B2013Series A · 2017-12-29 Raised $14M (real) Modeled valuation $240M (est)Series A2017Series C · 2017-12-29 Raised $30M (real) Modeled valuation $590M (est)Series C2017Series C · 2019-04-30 Raised $3.0M (real) Modeled valuation $61M (est)Series C2019Series C · 2019-10-28 Raised $2.0M (real) Modeled valuation $40M (est)Series C2019Series C · 2025-06-18 Raised $1.5M (real) Modeled valuation $9.6M (est)Series C2025Cumulative $200M

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
Seed$2.0M · 2011
Series A$6.0M · 2012
Series B$37.4M · 2013
Bridge · Series B-stage$2.3M · 2013smaller follow-on
Bridge · Series B-stage$11.0M · 2013smaller follow-on
Series B extension$27.0M · 2013
Series C$42.0M · 2013
Bridge · Series C-stage$22.7M · 2013smaller follow-on
Bridge · Series C-stage$13.7M · 2017smaller follow-on
Series C extension$29.7M · 2017
Series C extension$3.0M · 2019
Series C extension$2.0M · 2019
Series C extension$1.5M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 80%.

Modeled valuation trajectory
$9.6M
Base estimate est.
$5.6M
Conservative case
$12.8M
Upside case
$10.0M
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 scaled by the telecom sector profile. Directional, not a quoted figure.

Seed · modeled $43.1M · 2011-10-142011Series A · modeled $105.2M · 2012-03-02Series B · modeled $718.9M · 2013-04-25Seed · modeled $50.2M · 2013-04-25Series A · modeled $192.8M · 2013-04-25Series B · modeled $519.6M · 2013-04-25Series C · modeled $834.1M · 2013-04-25Series B · modeled $437.6M · 2013-04-25Series A · modeled $239.8M · 2017-12-29Series C · modeled $590.2M · 2017-12-29Series C · modeled $60.6M · 2019-04-30Series C · modeled $39.7M · 2019-10-28Series C · modeled $9.6M · 2025-06-182025
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
76%
Survival probability
56% low · 87% high
1.26×/yr
Annual markup
1.44×/yr upside case
1.0 yr
Elapsed time used
1.0 yr actual, capped for stale marks
telecom
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$6.3M/yr
Capital velocity
14.7 yr
On record since
2011
First round
13
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) 22× above median
This company$86.3M
Sector median$4.0M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.0× of median
This company$1.5M
Sector median$48.2M
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$9.6M
Sector median$28.3M

Raised more than 91% of sector peers (real $). Modeled value above 25% 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 companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Iota Communications, Inc. · Series C Raised $77.0M · modeled $487.9M (est)Technology Holdings North America Inc. · Series C Raised $55.2M · modeled $275.1M (est)Mutualink Inc (this company) Raised $86.3M · modeled $9.6M (est)Mutualink Inc
CompanyStageRaised · realValue · estvs peer med.
Iota Communications, Inc.Series C$77.0M$487.9M1.77×
Technology Holdings North America Inc.Series C$55.2M$275.1M1.00×
Mutualink Inc this companySeries C$86.3M$9.6M0.03×
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.
Seed$2.0M2011-10-14$10.0M$43.1M85%
Series A$6.0M2012-03-02$27.3M$105.2M85%
Series B$37.4M2013-04-25$207.5M$718.9M85%
Seed$2.3M2013-04-25$11.7M$50.2M85%
Series A$11.0M2013-04-25$50.0M$192.8M85%
Series B$27.0M2013-04-25$150.0M$519.6M85%
Series C$42.0M2013-04-25$280.0M$834.1M90%
Series B$22.7M2013-04-25$126.3M$437.6M85%
Series A$13.7M2017-12-29$62.2M$239.8M90%
Series C$29.7M2017-12-29$198.1M$590.2M90%
Series C$3.0M2019-04-30$20.3M$60.6M90%
Series C$2.0M2019-10-28$13.3M$39.7M90%
Series C$1.5M2025-06-18$10.0M$9.6M90%
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. Seed$2.0M2011-10-14
    • First recorded raise — entered as Seed.
    • 1 investor on this round.
  2. Series A$6.0M2012-03-02
    • Came back fast: 5 mo vs the ~10 mo sector norm.
    • Round 3.0× larger than the prior — scaling up.
    • 32 investors on this round.
  3. Series B$37.4M2013-04-25
    • Raised 14 mo later, in step with the ~10 mo sector norm.
    • Round 6.2× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 163 investors on this round.
  4. Seed$2.3M2013-04-25
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 16.0× smaller than the prior — bridge or down round.
    • Switched to Rule 06 (was Rule 506(b)).
    • 16 investors on this round.
  5. Series A$11.0M2013-04-25
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 4.7× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 43 investors on this round.
  6. Series B$27.0M2013-04-25
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.5× larger than the prior — scaling up.
    • 112 investors on this round.
  7. Series C$42.0M2013-04-25
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× larger than the prior — scaling up.
    • 208 investors on this round.
  8. Series B$22.7M2013-04-25
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.8× smaller than the prior — bridge or down round.
    • 78 investors on this round.
  9. Series A$13.7M2017-12-29
    • Raised again after 56 mo — slower than the ~10 mo sector norm.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 11 investors on this round.
  10. Series C$29.7M2017-12-29
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.2× larger than the prior — scaling up.
    • 91 investors on this round.
  11. Series C$3.0M2019-04-30
    • Raised again after 16 mo — slower than the ~10 mo sector norm.
    • Round 9.7× smaller than the prior — bridge or down round.
    • 12 investors on this round.
  12. Series C$2.0M2019-10-28
    • Came back fast: 6 mo vs the ~10 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 6 investors on this round.
  13. Series C$1.5M2025-06-18
    • Raised again after 68 mo — slower than the ~10 mo sector norm.
    • Round 1.3× smaller than the prior — bridge or down round.
Intelligence
2026 ~Q3
Modeled next raise · ~14mo cadence
$1.5M
Modeled next size est.range $1.5M$2.4M
0.8×
Last step-up
$6.3M/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 Wright8 other2019-04
David Long4 other2019-04
Kevin Thompson4 other2019-04
David Harding3 other2019-04
David R. Long1 other2013-04
Robert R. Wright1 other2017-12
William R Leimkuhler1 other2019-10
ALINE DWYER2019-04
Aline R. Dwyer2013-04
Chrissie Coffey2025-06
Colin R. McWay2012-03
DAVID KLEEMAN2019-04
David P. Kleeman2011-10
David R Harding2017-12
David R Kleeman2017-12
DAWN ODAMS2019-04
Dawn R. Odams2013-04
Dawn R Odams Hannigan2019-10
Glenn R. Schultz2013-04
GLENN SCHULTZ2019-04
JAMES MERSFELDER2019-04
James R Mersfelder2017-12
JOE BOUCHER2019-04
Joe R. Boucher2012-03
Registry & provenance

Mutualink 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
1447606
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
Caribe Spectrum Holdings, Inc.TelecommunicationsSeries C$77.6M$2.7Msame sector · same stage
Wind Power Holdings IncOther EnergySeries C$79.4M$53.4Mnetwork1 shared operator · same stage
Netsuite IncOther TechnologySeries C$100.4M$3.1Bnetwork1 shared operator · same stage
Smith Micro Software, Inc.TelecommunicationsSeries A$78.5M$13.2Msame sector
AURA Network Systems, Inc.TelecommunicationsSeries B$106.8M$18.8Msame sector
Phenix Real Time Solutions, Inc.TelecommunicationsSeries B$60.4M$21.7Msame sector
Parkervision IncTelecommunicationsSeries A$60.2M$20.0Msame sector
Opanga Networks, Inc.TelecommunicationsSeries B$44.8M$1.0Msame sector
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
OneLink, LLCTelecommunicationsPre-Seed$26.8M81%
WireSurfer, Inc.TelecommunicationsPre-Seed$674K81%
MutualMarkets Inc.Other TechnologySeed$12.8M80%
Mainstream Fiber Networks, LLCTelecommunicationsSeries A$59.3M80%
Fusion Connect, Inc.TelecommunicationsSeries B$436.8M80%
Infrastructure Networks, Inc.TelecommunicationsSeries B$533.3M80%
Connected Analytics, Inc.TelecommunicationsSeed$66.4M80%
Finger Lakes Region Rural Broadband Company, Inc.TelecommunicationsSeries B$85.2M80%
Frequently asked
How much funding has Mutualink Inc raised?
Mutualink Inc has raised approximately $86.3M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Mutualink Inc's estimated valuation?
Provath's modeled valuation for Mutualink Inc is approximately $9.6M (modeled range $5.6M–$12.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Mutualink Inc at?
Mutualink Inc's latest modeled financing stage is Series C. Its most recent recorded round closed around Wed Jun 18.
What does Mutualink Inc do and where is it based?
Mutualink Inc operates in the Telecommunications sector, based in WALLINGFORD.
Explore related

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