Companies · Other Technology

Nexben Inc.

Minneapolis · Other Technology

Diligence memoA one-page analyst read on Nexben Inc. — recommendation, valuation, rhythm, risks.
$33.6M
Total raised · real
4
Rounds
0.3×
Latest step-up
Top 11%
Sector rank · raised
Series B
Latest stage · inferred · Tue Jul 09 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Nexben Inc. looks under-valued 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.

Under-valued
  • Modeled value is 0.05× the median modeled value of Series B Other Technology companies in 2022–2024 (514 peers) — value vs value, same stage and era.
Quiet
  • Last raise 24 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

Nexben Inc. is one of 21302 Other Technology companies tracked from Minneapolis. By capital raised it ranks among the largest (ahead of 90% 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
Rule 506(b)
Reg D exemption
2
Investors (latest)
2024-07-09
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$500MSeed · 2015-08-28 Raised $2.9M (real) Modeled valuation $98M (est)Seed2015Series A · 2020-05-14 Raised $5.1M (real) Modeled valuation $140M (est)Series A2020Series B · 2022-04-28 Raised $24M (real) Modeled valuation $387M (est)Series B2022Series B · 2022-04-28 Raised $24M (real) Modeled valuation $387M (est)Series B2022Series B · 2022-04-28 Raised $24M (real) Modeled valuation $387M (est)Series B2022Series B · 2022-04-28 Raised $21M (real) Modeled valuation $345M (est)Series B2022Series B · 2022-04-28 Raised $18M (real) Modeled valuation $294M (est)Series B2022Series B · 2024-07-09 Raised $1.6M (real) Modeled valuation $12M (est)Series B2024Pre-Seed · 2024-07-09 Raised $500K (real) Modeled valuation $2.4M (est)Pre-Seed2024+$5.1M+$24M+$24M+$24M+$21M+$18M+$1.6M+$500KCumulative $122M

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$2.9M · 2015
Series A$5.1M · 2020
Series B$24.1M · 2022
Series B extension$24.1M · 2022
Series B extension$24.1M · 2022
Series B extension$21.5M · 2022
Series B extension$18.3M · 2022
Series B extension$1.6M · 2024
Bridge · Series B-stage$500K · 2024smaller follow-on

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$11.5M
Base estimate est.
$3.8M
Conservative case
$20.5M
Upside case
$8.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Seed · modeled $98.0M · 2015-08-282015Series A · modeled $140.4M · 2020-05-14Series B · modeled $386.8M · 2022-04-28Series B · modeled $386.8M · 2022-04-28Series B · modeled $386.8M · 2022-04-28Series B · modeled $344.6M · 2022-04-28Series B · modeled $294.3M · 2022-04-28Series B · modeled $11.5M · 2024-07-09Pre-Seed · modeled $2.4M · 2024-07-092024
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
67%
Survival probability
44% low · 81% high
1.42×/yr
Annual markup
1.72×/yr upside case
2.0 yr
Elapsed time used
2.0 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$3.8M/yr
Capital velocity
10.8 yr
On record since
2015
First round
9
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) 11× above median
This company$33.6M
Sector median$3.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.0× of median
This company$500K
Sector median$19.2M
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$11.5M
Sector median$37.3M

Raised more than 90% of sector peers (real $). Modeled value above 26% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #500 of 514.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Contabilizei Co · Series B Raised $66.4M · modeled $708.5M (est)Skan, Inc. · Series B Raised $39.3M · modeled $685.3M (est)Design Barn Inc. · Series B Raised $37.0M · modeled $663.3M (est)SKAEL, Inc. · Series B Raised $37.9M · modeled $659.0M (est)Maze.Design, Inc. · Series B Raised $57.0M · modeled $650.4M (est)Infinity Stones Inc. · Series B Raised $78.9M · modeled $649.1M (est)GridX, Inc. · Series B Raised $54.7M · modeled $623.9M (est)Convictional, Inc. · Series B Raised $43.4M · modeled $609.3M (est)SourceDay, Inc. · Series B Raised $58.0M · modeled $599.9M (est)Xatabase, Inc. · Series B Raised $35.0M · modeled $596.6M (est)Concord SCC Ltd · Series B Raised $39.8M · modeled $585.6M (est)sovrn Holdings, Inc. · Series B Raised $80.4M · modeled $560.0M (est)Nexben Inc. (this company) Raised $33.6M · modeled $11.5M (est)Nexben Inc.
CompanyStageRaised · realValue · estvs peer med.
Contabilizei CoSeries B$66.4M$708.5M3.30×
Skan, Inc.Series B$39.3M$685.3M3.19×
Design Barn Inc.Series B$37.0M$663.3M3.09×
SKAEL, Inc.Series B$37.9M$659.0M3.07×
Maze.Design, Inc.Series B$57.0M$650.4M3.03×
Infinity Stones Inc.Series B$78.9M$649.1M3.02×
GridX, Inc.Series B$54.7M$623.9M2.90×
Convictional, Inc.Series B$43.4M$609.3M2.84×
SourceDay, Inc.Series B$58.0M$599.9M2.79×
Xatabase, Inc.Series B$35.0M$596.6M2.78×
Concord SCC LtdSeries B$39.8M$585.6M2.73×
sovrn Holdings, Inc.Series B$80.4M$560.0M2.61×
Nexben Inc. this companySeries B$33.6M$11.5M0.05×
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$2.9M2015-08-28$14.4M$98.0M90%
Series A$5.1M2020-05-14$23.0M$140.4M90%
Series B$24.1M2022-04-28$133.8M$386.8M90%
Series B$24.1M2022-04-28$133.8M$386.8M90%
Series B$24.1M2022-04-28$133.8M$386.8M90%
Series B$21.5M2022-04-28$119.2M$344.6M90%
Series B$18.3M2022-04-28$101.8M$294.3M90%
Series B$1.6M2024-07-09$8.6M$11.5M90%
Pre-Seed$500K2024-07-09$2.8M$2.4M90%
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$2.9M2015-08-28
    • First recorded raise — entered as Seed.
    • 20 investors on this round.
  2. Series A$5.1M2020-05-14
    • Raised again after 57 mo — slower than the ~13 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • 18 investors on this round.
  3. Series B$24.1M2022-04-28
    • Raised again after 23 mo — slower than the ~13 mo sector norm.
    • Round 4.8× larger than the prior — scaling up.
    • 26 investors on this round.
  4. Series B$24.1M2022-04-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 26 investors on this round.
  5. Series B$24.1M2022-04-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 26 investors on this round.
  6. Series B$21.5M2022-04-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 25 investors on this round.
  7. Series B$18.3M2022-04-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 24 investors on this round.
  8. Series B$1.6M2024-07-09
    • Raised again after 26 mo — slower than the ~13 mo sector norm.
    • Round 11.8× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  9. Pre-Seed$500K2024-07-09
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.1× smaller than the prior — bridge or down round.
    • 2 investors on this round.
Intelligence
2025 ~Q3
Modeled next raise · ~13mo cadence
$500K
Modeled next size est.range $500K$800K
0.3×
Last step-up
$3.8M/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
John Kelly6 other2015-08
Theresa Sexton6 other2022-04
James B. Sparks2015-08
Jamison Rice2022-04
John Christopher2022-04
Keith Huckaby2022-04
Kevin R. Terrell2015-08
Mark Pontilana2022-04
Mark Pontliana2024-07
Matt Darragh2022-04
Matthew Darragh2024-07
Scib Ebel2022-04
Registry & provenance

Nexben 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
1736470
SEC CIK
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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
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Nexo Capital Inc.Other TechnologySeries C$1.7B90%
Nexla, Inc.Other TechnologySeries A$209.0M90%
NexLP, Inc.Other TechnologySeed$102.2M89%
NCX CorpOther TechnologySeed$42.2M87%
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Frequently asked
How much funding has Nexben Inc. raised?
Nexben Inc. has raised approximately $33.6M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Nexben Inc.'s estimated valuation?
Provath's modeled valuation for Nexben Inc. is approximately $11.5M (modeled range $3.8M–$20.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Nexben Inc. at?
Nexben Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Jul 09.
What does Nexben Inc. do and where is it based?
Nexben Inc. operates in the Other Technology sector, based in Minneapolis.
Explore related

See where Nexben Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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