Companies · Other

NextStep Interactive Inc.

SEATTLE · Other

Diligence memoA one-page analyst read on NextStep Interactive Inc. — recommendation, valuation, rhythm, risks.
$22.6M
Total raised · real
7
Rounds
8.3×
Latest step-up
Top 14%
Sector rank · raised
Series A
Latest stage · inferred · Fri Jan 28 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

NextStep Interactive Inc. looks over-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.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 1.88× the median modeled value of Series A Other companies in 2022–2024 (1135 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.4 yr ago; this sector typically re-raises about every 11 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

NextStep Interactive Inc. is one of 25015 Other companies tracked from SEATTLE. By capital raised it ranks in the upper tier (ahead of 87% 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
11
Investors (latest)
2017
Year incorporated
2022-01-28
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$50M$100M$150M$200MSeed · 2018-10-05 Raised $3.4M (real) Modeled valuation $63M (est)Seed2018Seed · 2019-05-08 Raised $2.1M (real) Modeled valuation $40M (est)Seed2019Seed · 2020-03-23 Raised $3.6M (real) Modeled valuation $66M (est)Seed2020Series A · 2020-03-23 Raised $6.8M (real) Modeled valuation $102M (est)Series A2020Series A · 2021-06-10 Raised $850K (real) Modeled valuation $9.7M (est)Series A2021Series A · 2021-11-10 Raised $750K (real) Modeled valuation $7.5M (est)Series A2021Pre-Seed · 2021-12-13 Raised $640K (real) Modeled valuation $7.8M (est)Pre-Seed2021Series A · 2021-12-13 Raised $933K (real) Modeled valuation $9.1M (est)Series A2021Series A · 2022-01-28 Raised $7.7M (real) Modeled valuation $73M (est)Series A2022+$2.1M+$3.6M+$6.8M+$850K+$750K+$640K+$933K+$7.7MCumulative $27M

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$3.4M · 2018
Seed extension$2.1M · 2019
Seed extension$3.6M · 2020
Series A$6.8M · 2020
Series A extension$850K · 2021
Series A extension$750K · 2021
Bridge · Series A-stage$640K · 2021smaller follow-on
Series A extension$933K · 2021
Series A extension$7.7M · 2022

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

Modeled valuation trajectory
$73.1M
Base estimate est.
$10.6M
Conservative case
$276.3M
Upside case
$35.2M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Seed · modeled $63.5M · 2018-10-052018Seed · modeled $40.0M · 2019-05-08Seed · modeled $66.5M · 2020-03-23Series A · modeled $102.2M · 2020-03-23Series A · modeled $9.7M · 2021-06-10Series A · modeled $7.5M · 2021-11-10Pre-Seed · modeled $7.8M · 2021-12-13Series A · modeled $9.1M · 2021-12-13Series A · modeled $73.1M · 2022-01-282022
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
55%
Survival probability
30% low · 75% high
1.35×/yr
Annual markup
1.70×/yr upside case
4.4 yr
Elapsed time used
4.4 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
5 mo
Avg between rounds
$6.8M/yr
Capital velocity
7.7 yr
On record since
2018
First round
9
Rounds on file
How it compares to the market

Benchmarked against 25015 companies in Other. 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$22.6M
Sector median$2.0M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.4× above median
This company$7.7M
Sector median$5.7M
Modeled value — vs sector median (estimate, all stages) 4.1× above median
This company$73.1M
Sector median$17.7M

Raised more than 87% of sector peers (real $). Modeled value above 78% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #138 of 1,135.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Ness Well, Inc. · Series A Raised $14.9M · modeled $142.5M (est)Quantori, Inc. · Series A Raised $15.0M · modeled $138.6M (est)Qquv Investments 5, Llc · Series A Raised $15.0M · modeled $135.1M (est)Applause Network TV, Inc. · Series A Raised $15.0M · modeled $135.1M (est)Trustworthy Co · Series A Raised $15.5M · modeled $134.4M (est)DigniFi Holding, Inc. · Series A Raised $24.3M · modeled $134.0M (est)Proventures Capital, Inc. · Series A Raised $14.7M · modeled $133.0M (est)Zenledger, Inc. · Series A Raised $21.6M · modeled $132.1M (est)Gridwise, Inc. · Series A Raised $20.4M · modeled $131.8M (est)Aztec Broadway Ltd Liability Co · Series A Raised $14.0M · modeled $127.7M (est)KABR Jamaica SPE LLC · Series A Raised $14.7M · modeled $126.9M (est)Harmony Musical LLC · Series A Raised $15.0M · modeled $126.3M (est)NextStep Interactive Inc. (this company) Raised $22.6M · modeled $73.1M (est)NextStep Interactive Inc.
CompanyStageRaised · realValue · estvs peer med.
Ness Well, Inc.Series A$14.9M$142.5M3.67×
Quantori, Inc.Series A$15.0M$138.6M3.57×
Qquv Investments 5, LlcSeries A$15.0M$135.1M3.48×
Applause Network TV, Inc.Series A$15.0M$135.1M3.48×
Trustworthy CoSeries A$15.5M$134.4M3.46×
DigniFi Holding, Inc.Series A$24.3M$134.0M3.45×
Proventures Capital, Inc.Series A$14.7M$133.0M3.42×
Zenledger, Inc.Series A$21.6M$132.1M3.40×
Gridwise, Inc.Series A$20.4M$131.8M3.39×
Aztec Broadway Ltd Liability CoSeries A$14.0M$127.7M3.29×
KABR Jamaica SPE LLCSeries A$14.7M$126.9M3.26×
Harmony Musical LLCSeries A$15.0M$126.3M3.25×
NextStep Interactive Inc. this companySeries A$22.6M$73.1M1.88×
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$3.4M2018-10-05$17.1M$63.5M90%
Seed$2.1M2019-05-08$10.7M$40.0M90%
Seed$3.6M2020-03-23$17.9M$66.5M90%
Series A$6.8M2020-03-23$30.7M$102.2M90%
Series A$850K2021-06-10$3.9M$9.7M90%
Series A$750K2021-11-10$3.4M$7.5M90%
Pre-Seed$640K2021-12-13$3.6M$7.8M90%
Series A$933K2021-12-13$4.2M$9.1M90%
Series A$7.7M2022-01-28$35.2M$73.1M90%
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$3.4M2018-10-05
    • First recorded raise — entered as Seed.
    • 4 investors on this round.
  2. Seed$2.1M2019-05-08
    • Raised 7 mo later, in step with the ~11 mo sector norm.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  3. Seed$3.6M2020-03-23
    • Raised 11 mo later, in step with the ~11 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
    • 5 investors on this round.
  4. Series A$6.8M2020-03-23
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.9× larger than the prior — scaling up.
    • 13 investors on this round.
  5. Series A$850K2021-06-10
    • Raised 15 mo later, in step with the ~11 mo sector norm.
    • Round 7.9× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  6. Series A$750K2021-11-10
    • Came back fast: 5 mo vs the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  7. Pre-Seed$640K2021-12-13
    • Came back fast: 1 mo vs the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 5 investors on this round.
  8. Series A$933K2021-12-13
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× larger than the prior — scaling up.
    • 7 investors on this round.
  9. Series A$7.7M2022-01-28
    • Came back fast: 2 mo vs the ~11 mo sector norm.
    • Round 8.3× larger than the prior — scaling up.
    • 11 investors on this round.
Intelligence
2022 ~Q2
Modeled next raise · ~5mo cadence
$23.2M
Modeled next size est.range $15.1M$37.2M
8.3×
Last step-up
$6.8M/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 Harris19 other2019-05
Greg Gottesman14 other2018-10
Kirsten Morbeck2 other2020-03
Chris Hedrick2018-10
Terry McDonough2020-03
Registry & provenance

NextStep Interactive 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
1756177
SEC CIK
2017
Incorporated
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Frequently asked
How much funding has NextStep Interactive Inc. raised?
NextStep Interactive Inc. has raised approximately $22.6M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is NextStep Interactive Inc.'s estimated valuation?
Provath's modeled valuation for NextStep Interactive Inc. is approximately $73.1M (modeled range $10.6M–$276.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is NextStep Interactive Inc. at?
NextStep Interactive Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Jan 28.
What does NextStep Interactive Inc. do and where is it based?
NextStep Interactive Inc. operates in the Other sector, based in SEATTLE.
Explore related

See where NextStep Interactive 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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