Companies · Software / Tech

Pagaya Technologies Ltd.

TEL-AVIV · Software / Tech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Pagaya Technologies Ltd. — recommendation, valuation, rhythm, risks.
$3.5B
Total raised · real
4
Rounds
4.3×
Latest step-up
Top 1%
Sector rank · raised
Growth/Late
Latest stage · inferred · Wed May 24 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Pagaya Technologies Ltd. looks under-valued against its niche peers and is at-risk 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 0.16× the median modeled value of Growth/Late Software / Tech companies in 2022–2024 (6 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.1 yr ago; this sector typically re-raises about every 13 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

Pagaya Technologies Ltd. is one of 3920 Software / Tech companies tracked from TEL-AVIV. By capital raised it ranks among the largest (ahead of 100% 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
3
Investors (latest)
2023-05-24
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$25.0B$50.0B$75.0B$100.0BGrowth/Late · 2022-06-22 Raised $3.4B (real) Modeled valuation $72.2B (est)$3.4B$72.2BGrowth/Late2022Growth/Late · 2022-08-17 Raised $1.0M (real) Modeled valuation $20M (est)$1.0M$20MGrowth/Late2022Growth/Late · 2023-01-05 Raised $17M (real) Modeled valuation $329M (est)$17M$329MGrowth/Late2023Growth/Late · 2023-05-24 Raised $75M (real) Modeled valuation $1.3B (est)$75M$1.3BGrowth/Late2023+$1.0M+$17M+$75MCumulative $3.5B

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
Growth/Late$3.4B · 2022
Growth/Late extension$1.0M · 2022
Growth/Late extension$17.5M · 2023
Growth/Late extension$75.0M · 2023

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C, Series D+ — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 14%.

Modeled valuation trajectory
$1.3B
Base estimate est.
$573.3M
Conservative case
$1.8B
Upside case
$750.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Growth/Latea round over $400M). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Growth/Late · modeled $72.2B · 2022-06-222022Growth/Late · modeled $20.5M · 2022-08-17Growth/Late · modeled $328.9M · 2023-01-05Growth/Late · modeled $1.3B · 2023-05-242023
Model inputs · modeled:benchmark-stage-stepup-v1
10%
Dilution assumption
Implied ownership sold in the financing.
88%
Survival probability
76% low · 95% high
1.24×/yr
Annual markup
1.35×/yr upside case
3.1 yr
Elapsed time used
3.1 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
4 mo
Avg between rounds
$3.8B/yr
Capital velocity
4.0 yr
On record since
2022
First round
4
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) 761× above median
This company$3.5B
Sector median$4.6M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 1.0× above median
This company$75.0M
Sector median$75.0M
Modeled value — vs sector median (estimate, all stages) 36× above median
This company$1.3B
Sector median$36.6M

Raised more than 100% of sector peers (real $). Modeled value above 96% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Growth/Late) 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 #5 of 6.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$100.0B$100.0M$1.0B$10.0BCapital raised (log)JUUL Labs, Inc. · Growth/Late Raised $4.4B · modeled $31.3B (est)Jingbo Technology, Inc. · Growth/Late Raised $1.5B · modeled $19.1B (est)Yuga Labs, Inc. · Growth/Late Raised $424.1M · modeled $9.6B (est)Sanborn Analytics Inc · Growth/Late Raised $500.0M · modeled $6.7B (est)ROM Technologies, Inc. · Growth/Late Raised $952.2M · modeled $62.8M (est)Pagaya Technologies Ltd. (this company) Raised $3.5B · modeled $1.3B (est)Pagaya Technologies Ltd.
CompanyStageRaised · realValue · estvs peer med.
JUUL Labs, Inc.Growth/Late$4.4B$31.3B3.84×
Jingbo Technology, Inc.Growth/Late$1.5B$19.1B2.34×
Yuga Labs, Inc.Growth/Late$424.1M$9.6B1.17×
Sanborn Analytics IncGrowth/Late$500.0M$6.7B0.83×
Pagaya Technologies Ltd. this companyGrowth/Late$3.5B$1.3B0.16×
ROM Technologies, Inc.Growth/Late$952.2M$62.8M0.01×
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.
Growth/Late$3.4B2022-06-22$34.1B$72.2B90%
Growth/Late$1.0M2022-08-17$10.0M$20.5M90%
Growth/Late$17.5M2023-01-05$174.6M$328.9M90%
Growth/Late$75.0M2023-05-24$750.0M$1.3B90%
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. Growth/Late$3.4B2022-06-22
    • First recorded raise — entered as Growth/Late.
    • 62 investors on this round.
  2. Growth/Late$1.0M2022-08-17
    • Came back fast: 2 mo vs the ~13 mo sector norm.
    • Round 3408.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  3. Growth/Late$17.5M2023-01-05
    • Came back fast: 5 mo vs the ~13 mo sector norm.
    • Round 17.5× larger than the prior — scaling up.
    • 42 investors on this round.
  4. Growth/Late$75.0M2023-05-24
    • Came back fast: 5 mo vs the ~13 mo sector norm.
    • Round 4.3× larger than the prior — scaling up.
    • 3 investors on this round.
Intelligence
2023 ~Q3
Modeled next raise · ~4mo cadence
$225.0M
Modeled next size est.range $146.3M$360.0M
4.3×
Last step-up
$3.8B/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
AVI ZEEVI2 other2022-08
Eric Watson2 other2023-05
Amy Pressman1 other2022-08
Dan Petrozzo1 other2022-08
Kevin Stein1 other2022-08
Tami Rosen1 other2023-05
Amol Naik2023-05
Ashok Vaswani2023-05
Avital Pardo2022-06
Gal Krubiner2022-06
Harvey Golub2022-08
Michael Kurlander2022-06
Mircea Ungureanu2022-08
Richmond Glasgow2022-06
Yahav Yulzari2022-06
Registry & provenance

Pagaya Technologies 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
1883085
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
Marvell Technology, Inc.Software / TechGrowth/Late$2.2B$1.9Bsame sector · same stage
Luminar Technologies, Inc.Software / TechSeries D+$257.3M$5.2Bnetwork1 shared operator · same sector
Bancar Technologies LtdSoftware / TechSeries D+$1.1B$1.5Bsame sector
ABL Space Systems CoSoftware / TechSeries D+$480.3M$537.1Msame sector
ICON Technology, Inc.Software / TechSeries D+$474.8M$557.6Msame sector
Motive Technologies, Inc.Software / TechSeries D+$408.0M$1.4Bsame sector
Apex Technology, Inc.Software / TechSeries D+$405.3M$1.3Bsame sector
Span.IO, Inc.Software / TechSeries D+$384.1M$1.3Bsame sector
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
Pavia Systems, Inc.Software / TechSeed$13.6M85%
Shaga Labs, Inc.Software / TechSeed$17.3M84%
Kodra Technologies, Inc.Software / TechSeed$29.0M83%
Tuya Technologies, LlcSoftware / TechSeries C$2.9M83%
Taiga Data, Inc.Software / TechSeed$11.9M83%
Pragya Systems Corp.Software / TechSeed$57.1M82%
Tiga Labs, Inc.Software / TechSeed$8.1M82%
ViGiT TECHNOLOGIES, LLCSoftware / TechPre-Seed$16.3M82%
Frequently asked
How much funding has Pagaya Technologies Ltd. raised?
Pagaya Technologies Ltd. has raised approximately $3.5B in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Pagaya Technologies Ltd.'s estimated valuation?
Provath's modeled valuation for Pagaya Technologies Ltd. is approximately $1.3B (modeled range $573.3M–$1.8B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Pagaya Technologies Ltd. at?
Pagaya Technologies Ltd.'s latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Wed May 24.
What does Pagaya Technologies Ltd. do and where is it based?
Pagaya Technologies Ltd. operates in the Software / Tech sector, based in TEL-AVIV.
Explore related

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

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