Companies · Retailing

Netshoes (Cayman) Ltd.

SAO PAULO · Retailing

Diligence memoA one-page analyst read on Netshoes (Cayman) Ltd. — recommendation, valuation, rhythm, risks.
$319.9M
Total raised · real
4
Rounds
0.7×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Wed Feb 22 2017 00:00:00 GMT+0000 (Coordinated Universal Time)

Netshoes (Cayman) Ltd. 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 retail 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 0.20× the median modeled value of Series D+ Retailing companies in 2016–2018 (10 peers) — value vs value, same stage and era.
Dormant
  • Last raise 9.4 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 Retailing

Netshoes (Cayman) Ltd. is one of 2347 Retailing companies tracked from SAO PAULO. 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
Rule 506(b)
Reg D exemption
11
Investors (latest)
2017-02-22
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$250M$500M$750M$1.0BSeries C · 2012-11-13 Raised $76M (real) Modeled valuation $444M (est)$76M$444MSeries C2012Series D+ · 2014-05-05 Raised $169M (real) Modeled valuation $988M (est)$169M$988MSeries D+2014Series D+ · 2015-03-20 Raised $45M (real) Modeled valuation $264M (est)$45M$264MSeries D+2015Series D+ · 2017-02-22 Raised $30M (real) Modeled valuation $176M (est)$30M$176MSeries D+2017+$169M+$45M+$30MCumulative $320M

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 C$76.3M · 2012
Series D+$168.6M · 2014
Series D+ extension$45.0M · 2015
Series D+ extension$30.0M · 2017

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B — 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
$175.7M
Base estimate est.
$153.0M
Conservative case
$385.0M
Upside case
$250.0M
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 retail sector profile. Directional, not a quoted figure.

Series C · modeled $443.9M · 2012-11-132012Series D+ · modeled $987.6M · 2014-05-05Series D+ · modeled $263.6M · 2015-03-20Series D+ · modeled $175.7M · 2017-02-222017
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
77%
Survival probability
61% low · 85% high
0.99×/yr
Annual markup
1.10×/yr upside case
6.0 yr
Elapsed time used
9.4 yr actual, capped for stale marks
retail
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
17 mo
Avg between rounds
$74.8M/yr
Capital velocity
13.6 yr
On record since
2012
First round
4
Rounds on file
How it compares to the market

Benchmarked against 2347 companies in Retailing. 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) 203× above median
This company$319.9M
Sector median$1.6M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.2× of median
This company$30.0M
Sector median$165.3M
Modeled value — vs sector median (estimate, all stages) 30× above median
This company$175.7M
Sector median$5.8M

Raised more than 99% 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 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 #10 of 10.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)K2016470260 (SOUTH AFRICA) Ltd · Series D+ Raised $223.2M · modeled $1.3B (est)Sears Holdings Corp · Series D+ Raised $376.2M · modeled $1.2B (est)Groupe Fnac · Series D+ Raised $170.3M · modeled $997.6M (est)BrightHouse Finco Ltd · Series D+ Raised $159.2M · modeled $932.4M (est)Boardriders, Inc. · Series D+ Raised $157.7M · modeled $923.8M (est)99 Cents Only Stores Llc · Series D+ Raised $140.1M · modeled $820.7M (est)Maple Parent Corp. · Series D+ Raised $122.9M · modeled $720.0M (est)ACON Beauty Investors I, L.L.C. · Series D+ Raised $101.6M · modeled $594.9M (est)Cycle Gear Holding LLC · Series D+ Raised $143.3M · modeled $588.7M (est)Netshoes (Cayman) Ltd. (this company) Raised $319.9M · modeled $175.7M (est)Netshoes (Cayman) Ltd.
CompanyStageRaised · realValue · estvs peer med.
K2016470260 (SOUTH AFRICA) LtdSeries D+$223.2M$1.3B1.50×
Sears Holdings CorpSeries D+$376.2M$1.2B1.40×
Groupe FnacSeries D+$170.3M$997.6M1.14×
BrightHouse Finco LtdSeries D+$159.2M$932.4M1.07×
Boardriders, Inc.Series D+$157.7M$923.8M1.06×
99 Cents Only Stores LlcSeries D+$140.1M$820.7M0.94×
Maple Parent Corp.Series D+$122.9M$720.0M0.83×
ACON Beauty Investors I, L.L.C.Series D+$101.6M$594.9M0.68×
Cycle Gear Holding LLCSeries D+$143.3M$588.7M0.67×
Netshoes (Cayman) Ltd. this companySeries D+$319.9M$175.7M0.20×
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 C$76.3M2012-11-13$508.5M$443.9M85%
Series D+$168.6M2014-05-05$1.4B$987.6M85%
Series D+$45.0M2015-03-20$375.0M$263.6M85%
Series D+$30.0M2017-02-22$250.0M$175.7M90%
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 C$76.3M2012-11-13
    • First recorded raise — entered as Series C.
    • 9 investors on this round.
  2. Series D+$168.6M2014-05-05
    • Raised 18 mo later, in step with the ~13 mo sector norm.
    • Round 2.2× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 11 investors on this round.
  3. Series D+$45.0M2015-03-20
    • Raised 10 mo later, in step with the ~13 mo sector norm.
    • Round 3.7× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  4. Series D+$30.0M2017-02-22
    • Raised again after 23 mo — slower than the ~13 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 11 investors on this round.
Intelligence
2018 ~Q3
Modeled next raise · ~17mo cadence
$30.0M
Modeled next size est.range $30.0M$48.0M
0.7×
Last step-up
$74.8M/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
Lee Fixel19 other2012-11
Francisco Alvarez-Demalde6 other2015-03
Nicolas Szekasy6 other2012-11
Nilesh Lakhani1 other2014-05
Wolfgang Schwerdtle1 other2014-05
Anibal Messa2012-11
Cassio Casseb2014-05
Chabab Hagop2012-11
Flavio Franco2014-05
Graciela Tanaka2017-02
Hagop Chabab2014-05
Leonardo Dib2015-03
Marcio Kumruian2012-11
Paul Tagliabue2012-11
Registry & provenance

Netshoes (Cayman) Ltd. 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
1562767
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
PetLove Cayman, Ltd.RetailingSeries D+$199.8M$695.3Mnetwork1 shared operator · same sector · same stage
JAND, Inc.Other TechnologySeries D+$287.7M$2.4Bnetwork1 shared operator · same stage
NotCo LtdManufacturingSeries D+$358.0M$2.5Bnetwork1 shared operator · same stage
Gather Parent, LLCOtherSeries D+$271.6M$4.2Bnetwork1 shared operator · same stage
NoHo Dental , Inc.HealthtechSeries D+$268.6M$741.7Mnetwork1 shared operator · same stage
Vroom, Inc.RetailingSeries D+$582.4M$31.6Msame sector · same stage
MedMen Enterprises, Inc.RetailingSeries D+$172.4M$102.2Msame sector · same stage
Freshworks Inc.Other TechnologySeries D+$439.6M$7.9Bnetwork1 shared operator · 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
PetLove Cayman, Ltd.RetailingSeries D+$695.3M85%
NQOCD Consulting LtdRetailingPre-Seed$477K83%
Yellow River (Cayman) LtdRetailingSeries A$32.4M82%
Jeffs' Brands LtdRetailingSeries A$22.9M81%
SeaVees Footwear, Inc.RetailingSeries A$12.4M81%
SG Distilleries, LLCRetailingPre-Seed$519K81%
Sovereign Trade, Inc.RetailingPre-Seed$479K81%
Del Toro Footwear LLCRetailingSeed$1.6M81%
Frequently asked
How much funding has Netshoes (Cayman) Ltd. raised?
Netshoes (Cayman) Ltd. has raised approximately $319.9M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Netshoes (Cayman) Ltd.'s estimated valuation?
Provath's modeled valuation for Netshoes (Cayman) Ltd. is approximately $175.7M (modeled range $153.0M–$385.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Netshoes (Cayman) Ltd. at?
Netshoes (Cayman) Ltd.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Wed Feb 22.
What does Netshoes (Cayman) Ltd. do and where is it based?
Netshoes (Cayman) Ltd. operates in the Retailing sector, based in SAO PAULO.
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