Companies · Other Technology

Pro-ficiency Holdings, Inc.

RALEIGH · Other Technology

Diligence memoA one-page analyst read on Pro-ficiency Holdings, Inc. — recommendation, valuation, rhythm, risks.
$15.6M
Total raised · real
2
Rounds
4.0×
Latest step-up
Top 21%
Sector rank · raised
Series A
Latest stage · inferred · Tue May 31 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Pro-ficiency Holdings, 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. 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.

Over-valued
  • Modeled value is 3.22× the median modeled value of Series A Other Technology companies in 2022–2024 (1325 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.1 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal 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

Pro-ficiency Holdings, Inc. 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
5.4 yr record
Peak capital year was 2022 with $21.4M across 3 filings.
Market position
ahead of 80% of Other Technology peers
Capital scale is ahead of 80% of Other Technology peers; modeled value is above 81% 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
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
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 2022: $21.4M across 3 filings.
  • Largest single filing was $12.6M on 2022-05-31.
  • Filing rows sum to $24.4M, while canonical raised total is $15.6M; likely amendments/superseded rows are mixed into the detail view.
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.
  • Canonical filtering should be tightened before using row-level totals for diligence.
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

Pro-ficiency Holdings, Inc. is one of 21292 Other Technology companies tracked from RALEIGH. By capital raised it ranks in the upper tier (ahead of 80% 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
1
Investors (latest)
2021
Year incorporated
2022-05-31
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 · 2021-02-22 Raised $3.0M (real) Modeled valuation $75M (est)$3.0M$75MSeed2021Series A · 2022-05-31 Raised $5.7M (real) Modeled valuation $72M (est)$5.7M$72MSeries A2022Seed · 2022-05-31 Raised $3.1M (real) Modeled valuation $43M (est)$3.1M$43MSeed2022Series A · 2022-05-31 Raised $13M (real) Modeled valuation $162M (est)$13M$162MSeries A2022+$5.7M+$3.1M+$13MCumulative $24M

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$3.0M · 2021
Series A$5.7M · 2022
Bridge · Series A-stage$3.1M · 2022smaller follow-on
Series A extension$12.6M · 2022

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
$161.7M
Base estimate est.
$16.9M
Conservative case
$565.5M
Upside case
$57.5M
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 $75.1M · 2021-02-222021Series A · modeled $72.2M · 2022-05-31Seed · modeled $43.1M · 2022-05-31Series A · modeled $161.7M · 2022-05-312022
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
4.1 yr
Elapsed time used
4.1 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
5 mo
Avg between rounds
$12.3M/yr
Capital velocity
5.4 yr
On record since
2021
First round
4
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) 4.9× above median
This company$15.6M
Sector median$3.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 2.2× above median
This company$12.6M
Sector median$5.8M
Modeled value — vs sector median (estimate, all stages) 4.3× above median
This company$161.7M
Sector median$37.3M

Raised more than 80% of sector peers (real $). Modeled value above 81% 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 #32 of 1,325.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)Phylum, Inc. · Series A Raised $15.0M · modeled $222.2M (est)Keon Foundation Ltd. · Series A Raised $15.0M · modeled $211.9M (est)Remoteam Inc. · Series A Raised $14.3M · modeled $209.5M (est)MultiSafe, Inc. · Series A Raised $17.3M · modeled $208.6M (est)Careerian Inc. · Series A Raised $20.3M · modeled $203.8M (est)Continu Inc. · Series A Raised $13.5M · modeled $202.4M (est)Devron Corp · Series A Raised $16.8M · modeled $201.5M (est)RISC Zero, Inc. · Series A Raised $14.4M · modeled $199.5M (est)Pentagon Port LLC · Series A Raised $15.0M · modeled $198.7M (est)Amnic Inc. · Series A Raised $14.0M · modeled $198.2M (est)Intensivate Inc · Series A Raised $14.7M · modeled $190.3M (est)Ws Holdco, Pbc · Series A Raised $14.8M · modeled $188.2M (est)Pro-ficiency Holdings, Inc. (this company) Raised $15.6M · modeled $161.7M (est)Pro-ficiency Holdings, Inc.
CompanyStageRaised · realValue · estvs peer med.
Phylum, Inc.Series A$15.0M$222.2M4.42×
Keon Foundation Ltd.Series A$15.0M$211.9M4.22×
Remoteam Inc.Series A$14.3M$209.5M4.17×
MultiSafe, Inc.Series A$17.3M$208.6M4.15×
Careerian Inc.Series A$20.3M$203.8M4.06×
Continu Inc.Series A$13.5M$202.4M4.03×
Devron CorpSeries A$16.8M$201.5M4.01×
RISC Zero, Inc.Series A$14.4M$199.5M3.97×
Pentagon Port LLCSeries A$15.0M$198.7M3.96×
Amnic Inc.Series A$14.0M$198.2M3.95×
Intensivate IncSeries A$14.7M$190.3M3.79×
Ws Holdco, PbcSeries A$14.8M$188.2M3.75×
Pro-ficiency Holdings, Inc. this companySeries A$15.6M$161.7M3.22×
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$3.0M2021-02-22$15.0M$75.1M90%
Series A$5.7M2022-05-31$25.7M$72.2M90%
Seed$3.1M2022-05-31$15.8M$43.1M90%
Series A$12.6M2022-05-31$57.5M$161.7M90%
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$3.0M2021-02-22
    • First recorded raise — entered as Seed.
    • 1 investor on this round.
  2. Series A$5.7M2022-05-31
    • Raised 15 mo later, in step with the ~13 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 1 investor on this round.
  3. Seed$3.1M2022-05-31
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.8× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  4. Series A$12.6M2022-05-31
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 4.0× larger than the prior — scaling up.
    • 1 investor on this round.
Intelligence
2022 ~Q4
Modeled next raise · ~5mo cadence
$37.9M
Modeled next size est.range $24.7M$60.7M
4.0×
Last step-up
$12.3M/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 Sorensen3 other2021-02
JEFFREY KASHER2 other2022-05
Michael Raymer2 other2021-02
Vern Davenport2 other2021-02
David Hadden2021-02
Jeanne Taylor Hecht2022-05
JoAnne Schaberick2021-02
Kasem Mohsen2021-02
Laura Muttini2021-02
Robin Newman2022-05
Registry & provenance

Pro-ficiency Holdings, 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
1848512
SEC CIK
2021
Incorporated
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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
Afficiency Inc.Other TechnologySeries A$110.0M90%
PROSPITALITY IncOther TechnologyPre-Seed$331K88%
Prospinity Inc.Other TechnologySeed$8.9M87%
Prosperety, Inc.Other TechnologyPre-Seed$10.6M87%
Provally Inc.Other TechnologyPre-Seed$507K87%
Fifr, Inc.Other TechnologySeed$6.3M86%
Procurated, Inc.Other TechnologySeries A$36.8M86%
Perficient IncOther TechnologySeries B$39.0M86%
Frequently asked
How much funding has Pro-ficiency Holdings, Inc. raised?
Pro-ficiency Holdings, Inc. has raised approximately $15.6M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Pro-ficiency Holdings, Inc.'s estimated valuation?
Provath's modeled valuation for Pro-ficiency Holdings, Inc. is approximately $161.7M (modeled range $16.9M–$565.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Pro-ficiency Holdings, Inc. at?
Pro-ficiency Holdings, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Tue May 31.
What does Pro-ficiency Holdings, Inc. do and where is it based?
Pro-ficiency Holdings, Inc. operates in the Other Technology sector, based in RALEIGH.
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