Companies · Other Technology

Policy Confluence, Inc.

MIDDLETON · Other Technology

Diligence memoA one-page analyst read on Policy Confluence, Inc. — recommendation, valuation, rhythm, risks.
$15.2M
Total raised · real
3
Rounds
0.4×
Latest step-up
Top 21%
Sector rank · raised
Series A
Latest stage · inferred · Fri May 19 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Policy Confluence, Inc. 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 0.64× the median modeled value of Series A Other Technology companies in 2022–2024 (1325 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 Other Technology

Policy Confluence, Inc. is one of 21302 Other Technology companies tracked from MIDDLETON. By capital raised it ranks in the upper tier (ahead of 80% 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
1
Investors (latest)
2023-05-19
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 · 2019-04-04 Raised $1.8M (real) Modeled valuation $60M (est)$1.8M$60MSeed2019Series A · 2022-07-01 Raised $9.8M (real) Modeled valuation $121M (est)$9.8M$121MSeries A2022Series A · 2023-05-19 Raised $3.7M (real) Modeled valuation $32M (est)$3.7M$32MSeries A2023+$9.8M+$3.7MCumulative $15M

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$1.8M · 2019
Series A$9.8M · 2022
Series A extension$3.7M · 2023

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: 67%.

Modeled valuation trajectory
$31.9M
Base estimate est.
$4.9M
Conservative case
$89.4M
Upside case
$16.8M
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 scaled by the technology sector profile. Directional, not a quoted figure.

Seed · modeled $59.9M · 2019-04-042019Series A · modeled $121.1M · 2022-07-01Series A · modeled $31.9M · 2023-05-192023
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
54%
Survival probability
29% low · 74% high
1.50×/yr
Annual markup
1.89×/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
25 mo
Avg between rounds
$3.7M/yr
Capital velocity
7.2 yr
On record since
2019
First round
3
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) 4.8× above median
This company$15.2M
Sector median$3.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.6× of median
This company$3.7M
Sector median$5.8M
Modeled value — vs sector median (estimate, all stages) 0.9× of median
This company$31.9M
Sector median$37.3M

Raised more than 80% of sector peers (real $). Modeled value above 46% 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 #945 of 1,325.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Phylum, Inc. · Series A Raised $15.0M · modeled $222.5M (est)Keon Foundation Ltd. · Series A Raised $15.0M · modeled $212.1M (est)Remoteam Inc. · Series A Raised $14.3M · modeled $209.7M (est)MultiSafe, Inc. · Series A Raised $17.3M · modeled $208.8M (est)Careerian Inc. · Series A Raised $20.3M · modeled $204.1M (est)Continu Inc. · Series A Raised $13.5M · modeled $202.7M (est)Devron Corp · Series A Raised $16.8M · modeled $201.7M (est)RISC Zero, Inc. · Series A Raised $14.4M · modeled $199.8M (est)Pentagon Port LLC · Series A Raised $15.0M · modeled $198.9M (est)Amnic Inc. · Series A Raised $14.0M · modeled $198.4M (est)Intensivate Inc · Series A Raised $14.7M · modeled $190.5M (est)Ws Holdco, Pbc · Series A Raised $14.8M · modeled $188.4M (est)Policy Confluence, Inc. (this company) Raised $15.2M · modeled $31.9M (est)Policy Confluence, Inc.
CompanyStageRaised · realValue · estvs peer med.
Phylum, Inc.Series A$15.0M$222.5M4.42×
Keon Foundation Ltd.Series A$15.0M$212.1M4.22×
Remoteam Inc.Series A$14.3M$209.7M4.17×
MultiSafe, Inc.Series A$17.3M$208.8M4.15×
Careerian Inc.Series A$20.3M$204.1M4.06×
Continu Inc.Series A$13.5M$202.7M4.03×
Devron CorpSeries A$16.8M$201.7M4.01×
RISC Zero, Inc.Series A$14.4M$199.8M3.97×
Pentagon Port LLCSeries A$15.0M$198.9M3.96×
Amnic Inc.Series A$14.0M$198.4M3.95×
Intensivate IncSeries A$14.7M$190.5M3.79×
Ws Holdco, PbcSeries A$14.8M$188.4M3.75×
Policy Confluence, Inc. this companySeries A$15.2M$31.9M0.64×
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$1.8M2019-04-04$8.8M$59.9M90%
Series A$9.8M2022-07-01$44.5M$121.1M90%
Series A$3.7M2023-05-19$16.8M$31.9M90%
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$1.8M2019-04-04
    • First recorded raise — entered as Seed.
    • 25 investors on this round.
  2. Series A$9.8M2022-07-01
    • Raised again after 39 mo — slower than the ~13 mo sector norm.
    • Round 5.6× larger than the prior — scaling up.
    • 68 investors on this round.
  3. Series A$3.7M2023-05-19
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round 2.7× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2025 ~Q2
Modeled next raise · ~25mo cadence
$3.7M
Modeled next size est.range $3.7M$5.9M
0.4×
Last step-up
$3.7M/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
Andrew White7 other2022-07
Thomas Miller4 other2022-07
Alexander Pedersen2019-04
Michael Thiel2019-04
Nick Mastronardi2019-04
Thomas Miller, PhD2019-04
Registry & provenance

Policy Confluence, 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
1657022
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.

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RoofMarketplace, Inc.Other TechnologySeries A$14.0M$30.8Msame sector · same stage
Active Storage, Inc.Other TechnologySeries A$16.6M$33.3Msame sector · same stage
Colorcast, Inc.Other TechnologySeries A$16.7M$32.6Msame sector · same stage
ER Logix, LLCOther TechnologySeries A$13.8M$30.7Msame sector · same stage
Journey Meditation, Inc.Other TechnologySeries A$13.1M$30.6Msame 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
Networked Artifacts Inc.Other TechnologyPre-Seed$2.3M83%
Aux Politica, LLCOther TechnologyPre-Seed$2.2M83%
GovWorx, Inc.Other TechnologySeries A$34.4M83%
Weave Communications, Inc.Other TechnologySeries C$66.8M82%
Browser Co of New York Inc.Other TechnologySeries B$421.2M82%
Amalgamated Token Services Inc.Other TechnologySeries C$833.7M82%
Voi, Inc.Other TechnologyPre-Seed$10.6M82%
Quest Portal, Inc.Other TechnologySeries A$74.4M82%
Frequently asked
How much funding has Policy Confluence, Inc. raised?
Policy Confluence, Inc. has raised approximately $15.2M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Policy Confluence, Inc.'s estimated valuation?
Provath's modeled valuation for Policy Confluence, Inc. is approximately $31.9M (modeled range $4.9M–$89.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Policy Confluence, Inc. at?
Policy Confluence, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Fri May 19.
What does Policy Confluence, Inc. do and where is it based?
Policy Confluence, Inc. operates in the Other Technology sector, based in MIDDLETON.
Explore related

See where Policy Confluence, 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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