Companies · Other Technology

n3xt inc

CHARLOTTE · Other Technology

Diligence memoA one-page analyst read on n3xt inc — recommendation, valuation, rhythm, risks.
$46.8M
Total raised · real
2
Rounds
1.0×
Latest step-up
Top 9%
Sector rank · raised
Series C
Latest stage · inferred · Fri Feb 07 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

n3xt inc looks fair against its niche peers and is quiet 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.

Fair
  • Modeled value is 0.94× the median modeled value of Series C Other Technology companies in 2025–2027 (92 peers) — value vs value, same stage and era.
  • Within the normal band (94% of peer median) for its niche.
Quiet
  • Last raise 17 mo ago; this sector typically re-raises about every 13 months.
  • Slightly overdue versus sector 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

n3xt inc is one of 21292 Other Technology companies tracked from CHARLOTTE. By capital raised it ranks among the largest (ahead of 92% 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
32
Investors (latest)
2023
Year incorporated
2025-02-07
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$125M$250M$375M$500MSeries A · 2023-11-07 Raised $6.5M (real) Modeled valuation $46M (est)$6.5M$46MSeries A2023Series C · 2025-02-07 Raised $40M (real) Modeled valuation $313M (est)$40M$313MSeries C2025Series C · 2025-02-07 Raised $40M (real) Modeled valuation $313M (est)$40M$313MSeries C2025Series C · 2025-02-07 Raised $40M (real) Modeled valuation $313M (est)$40M$313MSeries C2025+$40M+$40M+$40MCumulative $127M

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$6.5M · 2023
Series C$40.3M · 2025no Series B on file
Series C extension$40.3M · 2025
Series C extension$40.3M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 40%.

Modeled valuation trajectory
$313.2M
Base estimate est.
$152.7M
Conservative case
$437.8M
Upside case
$268.6M
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 technology sector profile. Directional, not a quoted figure.

Series A · modeled $46.5M · 2023-11-072023Series C · modeled $313.2M · 2025-02-07Series C · modeled $313.2M · 2025-02-07Series C · modeled $313.2M · 2025-02-072025
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
76%
Survival probability
57% low · 88% high
1.35×/yr
Annual markup
1.55×/yr upside case
1.4 yr
Elapsed time used
1.4 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
5 mo
Avg between rounds
$37.3M/yr
Capital velocity
2.7 yr
On record since
2023
First round
4
Rounds on file
How it compares to the market

Benchmarked against 21292 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) 15× above median
This company$46.8M
Sector median$3.2M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.8× of median
This company$40.3M
Sector median$50.0M
Modeled value — vs sector median (estimate, all stages) 8.4× above median
This company$313.2M
Sector median$37.3M

Raised more than 92% of sector peers (real $). Modeled value above 88% 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 #53 of 92.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)TensorWave Inc. · Series C Raised $100.0M · modeled $739.8M (est)Mobile Money Americas Corp. · Series C Raised $175.0M · modeled $674.1M (est)Framer, Inc. · Series C Raised $162.1M · modeled $665.8M (est)Sanity, Inc. · Series C Raised $174.3M · modeled $640.2M (est)Celero Communications, Inc. · Series C Raised $138.4M · modeled $627.1M (est)Colors4Kids (01-50) LLC · Series C Raised $90.0M · modeled $624.1M (est)PDW Holdings, Inc. · Series C Raised $124.1M · modeled $608.3M (est)Vivodyne, Inc. · Series C Raised $79.7M · modeled $606.1M (est)Project Applecart LLC · Series C Raised $118.3M · modeled $602.6M (est)Cambium Biomaterials, Inc. · Series C Raised $119.7M · modeled $579.7M (est)Vumedi, Inc. · Series C Raised $82.1M · modeled $574.3M (est)Auterion Group Inc. · Series C Raised $87.7M · modeled $567.1M (est)n3xt inc (this company) Raised $46.8M · modeled $313.2M (est)n3xt inc
CompanyStageRaised · realValue · estvs peer med.
TensorWave Inc.Series C$100.0M$739.8M2.22×
Mobile Money Americas Corp.Series C$175.0M$674.1M2.02×
Framer, Inc.Series C$162.1M$665.8M1.99×
Sanity, Inc.Series C$174.3M$640.2M1.92×
Celero Communications, Inc.Series C$138.4M$627.1M1.88×
Colors4Kids (01-50) LLCSeries C$90.0M$624.1M1.87×
PDW Holdings, Inc.Series C$124.1M$608.3M1.82×
Vivodyne, Inc.Series C$79.7M$606.1M1.81×
Project Applecart LLCSeries C$118.3M$602.6M1.80×
Cambium Biomaterials, Inc.Series C$119.7M$579.7M1.74×
Vumedi, Inc.Series C$82.1M$574.3M1.72×
Auterion Group Inc.Series C$87.7M$567.1M1.70×
n3xt inc this companySeries C$46.8M$313.2M0.94×
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$6.5M2023-11-07$29.5M$46.5M90%
Series C$40.3M2025-02-07$268.6M$313.2M90%
Series C$40.3M2025-02-07$268.6M$313.2M90%
Series C$40.3M2025-02-07$268.6M$313.2M90%
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$6.5M2023-11-07
    • First recorded raise — entered as Series A.
    • 23 investors on this round.
  2. Series C$40.3M2025-02-07
    • Raised 15 mo later, in step with the ~13 mo sector norm.
    • Round 6.2× larger than the prior — scaling up.
    • 32 investors on this round.
  3. Series C$40.3M2025-02-07
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 32 investors on this round.
  4. Series C$40.3M2025-02-07
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 32 investors on this round.
Intelligence
2025 ~Q3
Modeled next raise · ~5mo cadence
$40.3M
Modeled next size est.range $40.3M$64.5M
1.0×
Last step-up
$37.3M/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
Jeffrey Wallis2023-11
Jesseson Michael2025-02
Michael Jesseson2025-02
Scott Shay2023-11
Registry & provenance

n3xt 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
2001527
SEC CIK
2023
Incorporated
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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.

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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
NxtComm2.0, Inc.Other TechnologySeed$35.1M88%
ConTXT IncOther TechnologySeed$68.1M87%
DataXtrax Inc.Other TechnologyPre-Seed$562K87%
CarNext, Inc.Other TechnologyPre-Seed$1.2M86%
MEXT CorpOther TechnologySeries A$7.9M86%
Connixt, Inc.Other TechnologyPre-Seed$646K86%
3XR Inc.Other TechnologySeed$51.1M86%
ThreePlusOne Company, Inc.Other TechnologySeries A$277.4M86%
Frequently asked
How much funding has n3xt inc raised?
n3xt inc has raised approximately $46.8M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is n3xt inc's estimated valuation?
Provath's modeled valuation for n3xt inc is approximately $313.2M (modeled range $152.7M–$437.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is n3xt inc at?
n3xt inc's latest modeled financing stage is Series C. Its most recent recorded round closed around Fri Feb 07.
What does n3xt inc do and where is it based?
n3xt inc operates in the Other Technology sector, based in CHARLOTTE.
Explore related

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