Companies · Software / Tech

NICE Recovery Systems LLC

BOULDER · Software / Tech · refined from filed group “Other

Diligence memoA one-page analyst read on NICE Recovery Systems LLC — recommendation, valuation, rhythm, risks.
$5.9M
Total raised · real
2
Rounds
1.4×
Latest step-up
Top 44%
Sector rank · raised
Seed
Latest stage · inferred · Fri Aug 30 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

NICE Recovery Systems LLC 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 1.00× the median modeled value of Seed Software / Tech companies in 2022–2024 (387 peers) — value vs value, same stage and era.
  • Within the normal band (100% of peer median) for its niche.
Quiet
  • Last raise 22 mo ago; this sector typically re-raises about every 13 months.
  • Slightly overdue versus sector cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

NICE Recovery Systems LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
6.7 yr record
Peak capital year was 2024 with $3.5M across 1 filings.
Market position
ahead of 57% of Software / Tech peers
Capital scale is ahead of 57% of Software / Tech peers; modeled value is above 35% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2024: $3.5M across 1 filings.
  • Largest single filing was $3.5M on 2024-08-30.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
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 Software / Tech

NICE Recovery Systems LLC is one of 3920 Software / Tech companies tracked from BOULDER. By capital raised it ranks mid-pack (ahead of 57% 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
6
Investors (latest)
2024-08-30
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$25M$50M$75M$100MSeed · 2019-10-09 Raised $2.4M (real) Modeled valuation $83M (est)$2.4M$83MSeed2019Seed · 2024-08-30 Raised $3.5M (real) Modeled valuation $16M (est)$3.5M$16MSeed2024+$3.5MCumulative $5.9M

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$2.4M · 2019
Seed extension$3.5M · 2024

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: 50%.

Modeled valuation trajectory
$16.4M
Base estimate est.
$3.1M
Conservative case
$41.9M
Upside case
$17.5M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Seed · modeled $82.9M · 2019-10-092019Seed · modeled $16.4M · 2024-08-302024
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
39%
Survival probability
18% low · 61% high
1.61×/yr
Annual markup
2.11×/yr upside case
1.8 yr
Elapsed time used
1.8 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
59 mo
Avg between rounds
$1.2M/yr
Capital velocity
6.7 yr
On record since
2019
First round
2
Rounds on file
How it compares to the market

Benchmarked against 3920 companies in Software / Tech. 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) 1.3× above median
This company$5.9M
Sector median$4.6M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.8× above median
This company$3.5M
Sector median$1.9M
Modeled value — vs sector median (estimate, all stages) 0.4× of median
This company$16.4M
Sector median$36.6M

Raised more than 57% of sector peers (real $). Modeled value above 35% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) 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 #193 of 387.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0MCapital raised (log)SkyBell Technologies, Inc. · Seed Raised $4.8M · modeled $64.2M (est)BuyerAssist.io, Inc. · Seed Raised $5.7M · modeled $60.4M (est)Adaptive Surface Technologies, Inc. · Seed Raised $3.8M · modeled $59.6M (est)Abstract Labs, Inc. · Seed Raised $3.9M · modeled $57.2M (est)Elixir Lab Usa Inc. · Seed Raised $3.9M · modeled $57.0M (est)Grounded Technologies, Inc. · Seed Raised $3.5M · modeled $56.9M (est)Sticky Technologies, Inc./DE · Seed Raised $3.6M · modeled $55.0M (est)Urban Shipper Technology Inc. · Seed Raised $4.9M · modeled $54.3M (est)Rabbot Technologies Ltd · Seed Raised $3.8M · modeled $53.6M (est)Multisig Labs, Inc. · Seed Raised $3.8M · modeled $53.3M (est)Smartcare Software, Inc. · Seed Raised $3.5M · modeled $50.2M (est)Determinate Systems, Inc. · Seed Raised $3.5M · modeled $49.8M (est)NICE Recovery Systems LLC (this company) Raised $5.9M · modeled $16.4M (est)NICE Recovery Systems LLC
CompanyStageRaised · realValue · estvs peer med.
SkyBell Technologies, Inc.Seed$4.8M$64.2M3.92×
BuyerAssist.io, Inc.Seed$5.7M$60.4M3.68×
Adaptive Surface Technologies, Inc.Seed$3.8M$59.6M3.63×
Abstract Labs, Inc.Seed$3.9M$57.2M3.49×
Elixir Lab Usa Inc.Seed$3.9M$57.0M3.48×
Grounded Technologies, Inc.Seed$3.5M$56.9M3.47×
Sticky Technologies, Inc./DESeed$3.6M$55.0M3.35×
Urban Shipper Technology Inc.Seed$4.9M$54.3M3.31×
Rabbot Technologies LtdSeed$3.8M$53.6M3.27×
Multisig Labs, Inc.Seed$3.8M$53.3M3.25×
Smartcare Software, Inc.Seed$3.5M$50.2M3.06×
Determinate Systems, Inc.Seed$3.5M$49.8M3.04×
NICE Recovery Systems LLC this companySeed$5.9M$16.4M1.00×
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$2.4M2019-10-09$12.2M$82.9M90%
Seed$3.5M2024-08-30$17.5M$16.4M90%
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$2.4M2019-10-09
    • First recorded raise — entered as Seed.
    • 6 investors on this round.
  2. Seed$3.5M2024-08-30
    • Raised again after 59 mo — slower than the ~13 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 6 investors on this round.
Intelligence
2029 ~Q3
Modeled next raise · ~59mo cadence
$5.0M
Modeled next size est.range $3.5M$8.1M
1.4×
Last step-up
$1.2M/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
Michael Ross17 other2019-10
BRIAN E. WATSON2024-08
DENNIS E. JENSON2024-08
GRANT E. KASHNER2024-08
GREGG E. BAGNI2019-10
JOEL E. MEISINGER2024-08
ROBERT E. GLANVILLE2019-10
TOM E. HACKETT2024-08
Registry & provenance

NICE Recovery Systems LLC 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
1791551
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
Skip Technology, Inc.Software / TechSeed$5.9M$17.3Msame sector · same stage
Engagement Labs Inc.Software / TechSeed$6.0M$17.0Msame sector · same stage
Great Lakes Crystal Technologies, Inc.Software / TechSeed$6.0M$11.7Msame sector · same stage
Liquor Lab Holdings, Inc.Software / TechSeed$6.1M$19.7Msame sector · same stage
Strax Technologies, LLCSoftware / TechSeed$5.5M$19.6Msame sector · same stage
Futures App, Inc.Software / TechSeed$5.5M$16.5Msame sector · same stage
Volt Labs Inc.Software / TechSeed$5.4M$12.8Msame sector · same stage
ParaGen Technologies LLCSoftware / TechSeed$6.7M$11.9Msame sector · 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
Recovery Partners, Inc.Other TechnologyPre-Seed$12.7M79%
NET Recovery Corp.Other TechnologyPre-Seed$3.7M79%
Health Recovery Solutions, Inc.HealthtechSeries B$505.9M79%
Recovery Nexus, IncOtherSeed$448K78%
Heal Software Inc.Software / TechSeries A$133.3M78%
Recovery Solutions & Technologies IncManufacturingPre-Seed$1.9M77%
Correctional Recovery, LLCOtherPre-Seed$2.8M77%
Third Wave Recovery Systems, LLCSoftware / TechSeries D+$2.2B76%
Frequently asked
How much funding has NICE Recovery Systems LLC raised?
NICE Recovery Systems LLC has raised approximately $5.9M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is NICE Recovery Systems LLC's estimated valuation?
Provath's modeled valuation for NICE Recovery Systems LLC is approximately $16.4M (modeled range $3.1M–$41.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is NICE Recovery Systems LLC at?
NICE Recovery Systems LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Aug 30.
What does NICE Recovery Systems LLC do and where is it based?
NICE Recovery Systems LLC operates in the Software / Tech sector, based in BOULDER.
Explore related

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

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