Diligence memo · auto-generated · as of July 3, 2026
Rally Topco, L.P.
Rally Topco, L.P. looks under-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
Rally Topco, L.P. operates in Other Technology, 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!
Capital & rounds (filed)filed
Rally Topco, L.P. has raised $602M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Growth/Late (a round over $400M).
Largest single filing: $563M on 2022-07-19.
Most recent recorded round closed around 2022-08-09.
Valuation (modeled)modeled
Provath models Rally Topco, L.P. at approximately $801M (range $297M–$1.2B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
Historic cadence: a new round about every 0 months.
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.
The last round stepped up 1.1× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 100% of Other Technology peers (21302 compared).
Modeled value ranks above 95% of those peers.
Closest niche peers: Ncino, Inc., Lessen Inc., Yellowstone Ultimate Holdings, LP, Makatuu Inc, HAG Holding Ltd.
Peoplefiled
3 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.