Companies · Other Technology

Qardio, Inc.

COVINA · Other Technology

Diligence memoA one-page analyst read on Qardio, Inc. — recommendation, valuation, rhythm, risks.
$99.8M
Total raised · real
9
Rounds
3.7×
Latest step-up
Top 4%
Sector rank · raised
Series B
Latest stage · inferred · Mon Apr 20 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Qardio, 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 2.28× the median modeled value of Series B Other Technology companies in 2019–2021 (415 peers) — value vs value, same stage and era.
Dormant
  • Last raise 6.2 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

Qardio, Inc. is one of 21302 Other Technology companies tracked from COVINA. By capital raised it ranks among the largest (ahead of 97% 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
23
Investors (latest)
2020-04-20
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$500M$1.0B$1.5B$2.0BPre-Seed · 2012-10-19 Raised $325K (real) Modeled valuation $14M (est)Pre-Seed2012Pre-Seed · 2013-03-11 Raised $600K (real) Modeled valuation $25M (est)Pre-Seed2013Pre-Seed · 2013-11-15 Raised $948K (real) Modeled valuation $40M (est)Pre-Seed2013Seed · 2014-07-01 Raised $3.0M (real) Modeled valuation $102M (est)Seed2014Series A · 2015-07-01 Raised $10M (real) Modeled valuation $277M (est)Series A2015Series B · 2016-07-01 Raised $20M (real) Modeled valuation $609M (est)Series B2016Series B · 2018-10-31 Raised $22M (real) Modeled valuation $677M (est)Series B2018Series B · 2019-04-19 Raised $5.0M (real) Modeled valuation $153M (est)Series B2019Series A · 2020-04-20 Raised $10M (real) Modeled valuation $281M (est)Series A2020Series B · 2020-04-20 Raised $38M (real) Modeled valuation $1.1B (est)Series B2020+$600K+$948K+$3.0M+$10M+$20M+$22M+$5.0M+$10M+$38MCumulative $110M

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$325K · 2012
Pre-Seed extension$600K · 2013
Pre-Seed extension$948K · 2013
Seed$3.0M · 2014
Series A$10.0M · 2015
Series B$20.0M · 2016
Series B extension$22.2M · 2018
Series B extension$5.0M · 2019
Bridge · Series B-stage$10.1M · 2020smaller follow-on
Series B extension$37.7M · 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
$1.1B
Base estimate est.
$92.3M
Conservative case
$4.4B
Upside case
$209.2M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $13.8M · 2012-10-192012Pre-Seed · modeled $25.4M · 2013-03-11Pre-Seed · modeled $40.2M · 2013-11-15Seed · modeled $102.2M · 2014-07-01Series A · modeled $277.4M · 2015-07-01Series B · modeled $609.1M · 2016-07-01Series B · modeled $677.3M · 2018-10-31Series B · modeled $152.7M · 2019-04-19Series A · modeled $281.3M · 2020-04-20Series B · modeled $1.1B · 2020-04-202020
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
67%
Survival probability
44% low · 81% high
1.42×/yr
Annual markup
1.72×/yr upside case
6.0 yr
Elapsed time used
6.2 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$13.3M/yr
Capital velocity
13.7 yr
On record since
2012
First round
10
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) 31× above median
This company$99.8M
Sector median$3.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 2.0× above median
This company$37.7M
Sector median$19.2M
Modeled value — vs sector median (estimate, all stages) 31× above median
This company$1.1B
Sector median$37.3M

Raised more than 97% of sector peers (real $). Modeled value above 97% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #8 of 415.

This companyCohort peer
$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Visual Lease, LLC · Series B Raised $40.0M · modeled $1.2B (est)Decisions, LLC · Series B Raised $40.0M · modeled $1.2B (est)Suvoda LLC · Series B Raised $40.0M · modeled $1.2B (est)SmartRecruiters, Inc. · Series B Raised $95.0M · modeled $1.2B (est)Litify Inc. · Series B Raised $43.7M · modeled $1.2B (est)Stevenson Aggregator, LP · Series B Raised $39.5M · modeled $1.2B (est)Hazelcast, Inc. · Series B Raised $55.1M · modeled $1.2B (est)BlockFi Inc. · Series B Raised $62.6M · modeled $1.1B (est)Pencil & Pixel, Inc. · Series B Raised $74.4M · modeled $1.1B (est)Niche.com, Inc. · Series B Raised $36.0M · modeled $1.1B (est)Derivative Path Inc · Series B Raised $35.0M · modeled $1.1B (est)Qardio, Inc. (this company) Raised $99.8M · modeled $1.1B (est)Qardio, Inc.
CompanyStageRaised · realValue · estvs peer med.
Visual Lease, LLCSeries B$40.0M$1.2B2.42×
Decisions, LLCSeries B$40.0M$1.2B2.42×
Suvoda LLCSeries B$40.0M$1.2B2.42×
SmartRecruiters, Inc.Series B$95.0M$1.2B2.42×
Litify Inc.Series B$43.7M$1.2B2.42×
Stevenson Aggregator, LPSeries B$39.5M$1.2B2.39×
Hazelcast, Inc.Series B$55.1M$1.2B2.33×
Qardio, Inc. this companySeries B$99.8M$1.1B2.28×
BlockFi Inc.Series B$62.6M$1.1B2.27×
Pencil & Pixel, Inc.Series B$74.4M$1.1B2.24×
Niche.com, Inc.Series B$36.0M$1.1B2.12×
Derivative Path IncSeries B$35.0M$1.1B2.12×
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$325K2012-10-19$1.8M$13.8M85%
Pre-Seed$600K2013-03-11$3.3M$25.4M85%
Pre-Seed$948K2013-11-15$5.3M$40.2M85%
Seed$3.0M2014-07-01$15.0M$102.2M85%
Series A$10.0M2015-07-01$45.5M$277.4M85%
Series B$20.0M2016-07-01$111.1M$609.1M85%
Series B$22.2M2018-10-31$123.6M$677.3M90%
Series B$5.0M2019-04-19$27.9M$152.7M90%
Series A$10.1M2020-04-20$46.1M$281.3M90%
Series B$37.7M2020-04-20$209.2M$1.1B90%
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$325K2012-10-19
    • First recorded raise — entered as Pre-Seed.
    • 6 investors on this round.
  2. Pre-Seed$600K2013-03-11
    • Came back fast: 5 mo vs the ~13 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • 5 investors on this round.
  3. Pre-Seed$948K2013-11-15
    • Raised 8 mo later, in step with the ~13 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 504).
    • 9 investors on this round.
  4. Seed$3.0M2014-07-01
    • Came back fast: 7 mo vs the ~13 mo sector norm.
    • Round 3.2× larger than the prior — scaling up.
  5. Series A$10.0M2015-07-01
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round 3.3× larger than the prior — scaling up.
  6. Series B$20.0M2016-07-01
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
  7. Series B$22.2M2018-10-31
    • Raised again after 28 mo — slower than the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 19 investors on this round.
  8. Series B$5.0M2019-04-19
    • Came back fast: 6 mo vs the ~13 mo sector norm.
    • Round 4.4× smaller than the prior — bridge or down round.
    • 40 investors on this round.
  9. Series A$10.1M2020-04-20
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 2 investors on this round.
  10. Series B$37.7M2020-04-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.7× larger than the prior — scaling up.
    • 23 investors on this round.
Intelligence
2021 ~Q1
Modeled next raise · ~10mo cadence
$113.0M
Modeled next size est.range $73.4M$180.8M
3.7×
Last step-up
$13.3M/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
Leopoldo Zambeletti1 other2016-07
Alexander Bezugly2020-04
Alex Bezugly2018-10
Alexis Zervoglos2018-10
Bram Van Den Heuvel2018-10
Carlo Zuccaro2019-04
David Steinhaus2020-04
Dev Singh2019-04
Greg Rich2019-04
Jorrit Kelderman2016-07
Lucas Tassan2018-10
Luca Tassan2020-04
Marco Peluso2012-10
Mark Prince2019-04
Mike Alvarez2020-04
Rosario Iannella2016-07
Willard Gardiner2016-07
Registry & provenance

Qardio, 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
1560938
SEC CIK
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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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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
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Quodus Inc.Other TechnologyPre-Seed$321K87%
Quavo, Inc.Other TechnologySeries A$18.3M87%
Frequently asked
How much funding has Qardio, Inc. raised?
Qardio, Inc. has raised approximately $99.8M in disclosed capital across 9 recorded financing rounds, aggregated from public filings.
What is Qardio, Inc.'s estimated valuation?
Provath's modeled valuation for Qardio, Inc. is approximately $1.1B (modeled range $92.3M–$4.4B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Qardio, Inc. at?
Qardio, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Mon Apr 20.
What does Qardio, Inc. do and where is it based?
Qardio, Inc. operates in the Other Technology sector, based in COVINA.
Explore related

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