Companies · Other Technology

Passenger Inc.

AUSTIN · Other Technology

Diligence memoA one-page analyst read on Passenger Inc. — recommendation, valuation, rhythm, risks.
$1.7M
Total raised · real
2
Rounds
1.7×
Latest step-up
Top 64%
Sector rank · raised
Seed
Latest stage · inferred · Mon Sep 28 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Passenger Inc. 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 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 0.61× the median modeled value of Seed Other Technology companies in 2019–2021 (1049 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.8 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 Other Technology

Passenger Inc. is one of 21292 Other Technology companies tracked from AUSTIN. By capital raised it ranks in the long tail (ahead of 37% of sector peers), and mid-pack 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)
2019
Year incorporated
2020-09-28
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$13M$25M$38M$50MPre-Seed · 2019-07-02 Raised $611K (real) Modeled valuation $26M (est)$611K$26MPre-Seed2019Seed · 2020-09-28 Raised $1.1M (real) Modeled valuation $32M (est)$1.1M$32MSeed2020+$1.1MCumulative $1.7M

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
Pre-Seed$611K · 2019
Seed$1.1M · 2020

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

Modeled valuation trajectory
$32.4M
Base estimate est.
$943K
Conservative case
$238.1M
Upside case
$5.3M
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.

Pre-Seed · modeled $25.9M · 2019-07-022019Seed · modeled $32.4M · 2020-09-282020
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
5.8 yr
Elapsed time used
5.8 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
15 mo
Avg between rounds
$1.4M/yr
Capital velocity
7.0 yr
On record since
2019
First round
2
Rounds on file
How it compares to the market

Benchmarked against 21292 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) 0.5× of median
This company$1.7M
Sector median$3.2M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.6× of median
This company$1.1M
Sector median$1.8M
Modeled value — vs sector median (estimate, all stages) 0.9× of median
This company$32.4M
Sector median$37.3M

Raised more than 37% of sector peers (real $). Modeled value above 47% 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 #788 of 1,049.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0MCapital raised (log)Altinity Inc. · Seed Raised $6.9M · modeled $136.3M (est)Platypus Institute Inc. · Seed Raised $6.5M · modeled $136.3M (est)Social Circle, LLC · Seed Raised $4.5M · modeled $136.3M (est)Pointivo, Inc. · Seed Raised $5.4M · modeled $136.3M (est)RealtimeX Inc. · Seed Raised $4.0M · modeled $136.3M (est)Scholastic Network Partners, LLC · Seed Raised $4.0M · modeled $136.3M (est)Thundra, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Sideqik, Inc. · Seed Raised $4.0M · modeled $136.3M (est)LevelOps Inc. · Seed Raised $4.0M · modeled $136.3M (est)Zebrium, Inc. · Seed Raised $7.3M · modeled $136.3M (est)Datawire, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Centercode, Inc. · Seed Raised $7.5M · modeled $136.3M (est)Passenger Inc. (this company) Raised $1.7M · modeled $32.4M (est)Passenger Inc.
CompanyStageRaised · realValue · estvs peer med.
Altinity Inc.Seed$6.9M$136.3M2.57×
Platypus Institute Inc.Seed$6.5M$136.3M2.57×
Social Circle, LLCSeed$4.5M$136.3M2.57×
Pointivo, Inc.Seed$5.4M$136.3M2.57×
RealtimeX Inc.Seed$4.0M$136.3M2.57×
Scholastic Network Partners, LLCSeed$4.0M$136.3M2.57×
Thundra, Inc.Seed$4.0M$136.3M2.57×
Sideqik, Inc.Seed$4.0M$136.3M2.57×
LevelOps Inc.Seed$4.0M$136.3M2.57×
Zebrium, Inc.Seed$7.3M$136.3M2.57×
Datawire, Inc.Seed$4.0M$136.3M2.57×
Centercode, Inc.Seed$7.5M$136.3M2.57×
Passenger Inc. this companySeed$1.7M$32.4M0.61×
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.
Pre-Seed$611K2019-07-02$3.4M$25.9M90%
Seed$1.1M2020-09-28$5.3M$32.4M90%
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. Pre-Seed$611K2019-07-02
    • First recorded raise — entered as Pre-Seed.
    • 6 investors on this round.
  2. Seed$1.1M2020-09-28
    • Raised 15 mo later, in step with the ~13 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
    • 2 investors on this round.
Intelligence
2021 ~Q4
Modeled next raise · ~15mo cadence
$1.9M
Modeled next size est.range $1.2M$3.0M
1.7×
Last step-up
$1.4M/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
Evan Loomis6 other2019-07
Ronald Maynard2019-07
Registry & provenance

Passenger 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
1782799
SEC CIK
2019
Incorporated
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
Sayge Inc.Other TechnologySeed$1.7M$31.9Msame sector · same stage
Favik LLCOther TechnologySeed$1.6M$32.1Msame sector · same stage
Passport Worldwide IncOther TechnologySeed$1.6M$31.0Msame sector · same stage
Hued Inc.Other TechnologySeed$1.6M$32.1Msame sector · same stage
XIID CorpOther TechnologySeed$1.8M$32.0Msame sector · same stage
MBK Group, LLCOther TechnologySeed$1.6M$33.3Msame sector · same stage
Haxor Inc.Other TechnologySeed$1.8M$32.7Msame sector · same stage
Juried Protocol Galleries, Ltd.Other TechnologySeed$1.8M$33.0Msame 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
Passenger1, Inc.Other TechnologySeries A$97.1M96%
Seaters, Inc.Other TechnologySeries A$50.8M87%
Via Transportation, Inc.Other TechnologySeries D+$1.6B87%
Ride RoundTrip, Inc.Other TechnologySeries A$111.8M86%
Social Auto Transport, Inc.Other TechnologySeries A$55.0M86%
RideAlongNow Inc.Other TechnologyPre-Seed$18.1M86%
Aboard Holdings, Inc.Other TechnologySeries A$28.5M86%
Voyage Auto, Inc.Other TechnologySeries B$955.6M86%
Frequently asked
How much funding has Passenger Inc. raised?
Passenger Inc. has raised approximately $1.7M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Passenger Inc.'s estimated valuation?
Provath's modeled valuation for Passenger Inc. is approximately $32.4M (modeled range $943K–$238.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Passenger Inc. at?
Passenger Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Mon Sep 28.
What does Passenger Inc. do and where is it based?
Passenger Inc. operates in the Other Technology sector, based in AUSTIN.
Explore related

See where Passenger 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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