Companies · Other Technology

Rally Topco, L.P.

NEW YORK · Other Technology · https://rally.co/

Diligence memoA one-page analyst read on Rally Topco, L.P. — recommendation, valuation, rhythm, risks.
$601.8M
Total raised · real
2
Rounds
1.1×
Latest step-up
Top 1%
Sector rank · raised
Growth/Late
Latest stage · inferred · Tue Aug 09 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Rally Topco, L.P. 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 0.09× the median modeled value of Growth/Late Other Technology companies in 2022–2024 (10 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.9 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

Rally Topco, L.P. is one of 21302 Other Technology companies tracked from NEW YORK. 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.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Let's get there together: Trips to concerts, sports, festivals, and events of all kinds, we connect people with their passions. Join our on-demand, crowdsourced bus trips!

Let's get there together: Trips to concerts, sports, festivals, and events of all kinds, we connect people with their passions. Join our on-demand, crowdsourced bus trips! Book from 100+ cities on OurBus for the highest customer-rated service. Find a convenient, safe, and green ride to your event — or create your own. Share your ride and fill the bus. Crowdpower makes Rally roll. Hop on board and relax. Enjoy the ride with people that share your passion. Rally to concerts, sports, and festivals. There are thousands of trips ready to book. Don't see a Rally you want, create one! Crowdfund the trip with friends or share it with the Rally community. Create a Rally and let's get there together... Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged.

Find Rally Topco, L.P. online

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
46
Investors (latest)
2022
Year incorporated
2022-08-09
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$5.0B$10.0B$15.0B$20.0BGrowth/Late · 2022-07-19 Raised $563M (real) Modeled valuation $11.7B (est)$563M$11.7BGrowth/Late2022Series B · 2022-08-09 Raised $37M (real) Modeled valuation $534M (est)$37M$534MSeries B2022Growth/Late · 2022-08-09 Raised $39M (real) Modeled valuation $801M (est)$39M$801MGrowth/Late2022+$37M+$39MCumulative $639M

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$562.9M · 2022
Bridge · Growth/Late-stage$36.7M · 2022smaller follow-on
Growth/Late extension$38.9M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, 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: 29%.

Modeled valuation trajectory
$801.3M
Base estimate est.
$297.4M
Conservative case
$1.2B
Upside case
$389.1M
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 $11.7B · 2022-07-192022Series B · modeled $534.0M · 2022-08-09Growth/Late · modeled $801.3M · 2022-08-092022
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
3.9 yr
Elapsed time used
3.9 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
4.0 yr
On record since
2022
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) 190× above median
This company$601.8M
Sector median$3.2M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 0.1× of median
This company$38.9M
Sector median$500.0M
Modeled value — vs sector median (estimate, all stages) 21× above median
This company$801.3M
Sector median$37.3M

Raised more than 100% of sector peers (real $). Modeled value above 95% 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 #7 of 10.

This companyCohort peer
$100.0M$1.0B$10.0B$100.0B$100.0M$1.0B$10.0BCapital raised (log)Ncino, Inc. · Growth/Late Raised $1.1B · modeled $21.7B (est)Lessen Inc. · Growth/Late Raised $965.8M · modeled $18.2B (est)Yellowstone Ultimate Holdings, LP · Growth/Late Raised $555.1M · modeled $10.8B (est)Makatuu Inc · Growth/Late Raised $1.4B · modeled $9.3B (est)HAG Holding Ltd · Growth/Late Raised $500.0M · modeled $8.9B (est)Aestas Management Company, LLC · Growth/Late Raised $495.9M · modeled $8.8B (est)Jamf Holding Corp. · Growth/Late Raised $582.6M · modeled $372.6M (est)ADT Inc. · Growth/Late Raised $664.7M · modeled $329.4M (est)Discord Inc. · Growth/Late Raised $913.9M · modeled $294.7M (est)Rally Topco, L.P. (this company) Raised $601.8M · modeled $801.3M (est)Rally Topco, L.P.
CompanyStageRaised · realValue · estvs peer med.
Ncino, Inc.Growth/Late$1.1B$21.7B2.44×
Lessen Inc.Growth/Late$965.8M$18.2B2.05×
Yellowstone Ultimate Holdings, LPGrowth/Late$555.1M$10.8B1.22×
Makatuu IncGrowth/Late$1.4B$9.3B1.05×
HAG Holding LtdGrowth/Late$500.0M$8.9B1.00×
Aestas Management Company, LLCGrowth/Late$495.9M$8.8B1.00×
Rally Topco, L.P. this companyGrowth/Late$601.8M$801.3M0.09×
Jamf Holding Corp.Growth/Late$582.6M$372.6M0.04×
ADT Inc.Growth/Late$664.7M$329.4M0.04×
Discord Inc.Growth/Late$913.9M$294.7M0.03×
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$562.9M2022-07-19$5.6B$11.7B90%
Series B$36.7M2022-08-09$204.0M$534.0M90%
Growth/Late$38.9M2022-08-09$389.1M$801.3M90%
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$562.9M2022-07-19
    • First recorded raise — entered as Growth/Late.
    • 39 investors on this round.
  2. Series B$36.7M2022-08-09
    • Came back fast: 1 mo vs the ~13 mo sector norm.
    • Round 15.3× smaller than the prior — bridge or down round.
    • 41 investors on this round.
  3. Growth/Late$38.9M2022-08-09
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 46 investors on this round.
Intelligence
2022 ~Q3
Modeled next raise · ~0mo cadence
$41.2M
Modeled next size est.range $38.9M$66.0M
1.1×
Last step-up
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
ADAM WEINSTEIN10 other2022-07
SEAN DONOVAN4 other2022-07
LARS JOHANSSON2 other2022-07
Registry & provenance

Rally Topco, L.P. 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
1957170
SEC CIK
2022
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
Warrior Group, L.P.OtherGrowth/Late$453.2M$565.4Mnetwork2 shared operators · same stage
ALKU Holdings, LLCBusiness ServicesGrowth/Late$960.6M$14.6Bnetwork2 shared operators · same stage
Speedway Holdings, L.P.OtherGrowth/Late$441.4M$4.7Bnetwork1 shared operator · same stage
Axonius, Inc.Other TechnologySeries D+$570.5M$705.0Msame sector
Tesouro HQ, Inc.Other TechnologySeries B$42.4M$96.5Mnetwork1 shared operator · same sector
Beta Technologies Inc.Software / TechGrowth/Late$1.6B$3.2Bnetwork1 shared operator · same stage
Props2Fantasy.com, Inc.Other TechnologySeed$5.6M$45.4Mnetwork1 shared operator · same sector
Coinbase Global, Inc.Other TechnologySeries D+$416.4M$673.6Msame 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
Rally HQ, Inc.Other TechnologySeries A$44.4M75%
RallyCorp, Inc.Other TechnologyPre-Seed$11.2M74%
Rally RVA, LLCOtherPre-Seed$2.0M74%
Rally Space, Inc.Other TechnologySeed$32.5M73%
Bus.com
The easiest way to charter a bus in North America.
72%
Rally Inc.
Rally is Zoom for social events
Other TechnologySeries A$63.4M72%
Rally Charlotte, LLCOtherSeed$37.5M71%
Rally Debates, Inc.Other TechnologyPre-Seed$2.9M71%
Frequently asked
How much funding has Rally Topco, L.P. raised?
Rally Topco, L.P. has raised approximately $601.8M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Rally Topco, L.P.'s estimated valuation?
Provath's modeled valuation for Rally Topco, L.P. is approximately $801.3M (modeled range $297.4M–$1.2B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Rally Topco, L.P. at?
Rally Topco, L.P.'s latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Tue Aug 09.
What does Rally Topco, L.P. do and where is it based?
Rally Topco, L.P. operates in the Other Technology sector, based in NEW YORK. Let's get there together: Trips to concerts, sports, festivals, and events of all kinds, we connect people with their passions. Join our on-demand, crowdsourced bus trips!
Explore related

See where Rally Topco, L.P. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at Rally Topco, L.P., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.