Companies · Software / Tech

Reciprocal Labs Corp

MADISON · Software / Tech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Reciprocal Labs Corp — recommendation, valuation, rhythm, risks.
$64.9M
Total raised · real
5
Rounds
0.9×
Latest step-up
Top 8%
Sector rank · raised
Series B
Latest stage · inferred · Tue May 22 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Reciprocal Labs Corp looks fair 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.

Fair
  • Modeled value is 1.05× the median modeled value of Series B Software / Tech companies in 2016–2018 (78 peers) — value vs value, same stage and era.
  • Within the normal band (105% of peer median) for its niche.
Dormant
  • Last raise 8.1 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 Software / Tech

Reciprocal Labs Corp is one of 3920 Software / Tech companies tracked from MADISON. By capital raised it ranks among the largest (ahead of 93% 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
7
Investors (latest)
2018-05-22
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$250M$500M$750M$1.0BSeed · 2012-06-08 Raised $1.9M (real) Modeled valuation $65M (est)$1.9M$65MSeed2012Series A · 2013-03-15 Raised $7.0M (real) Modeled valuation $193M (est)$7.0M$193MSeries A2013Series A · 2014-08-26 Raised $14M (real) Modeled valuation $402M (est)$14M$402MSeries A2014Series B · 2016-10-11 Raised $22M (real) Modeled valuation $655M (est)$22M$655MSeries B2016Series B · 2018-05-22 Raised $20M (real) Modeled valuation $609M (est)$20M$609MSeries B2018+$7.0M+$14M+$22M+$20MCumulative $65M

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$1.9M · 2012
Series A$7.0M · 2013
Series A extension$14.5M · 2014
Series B$21.5M · 2016
Series B extension$20.0M · 2018

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: 75%.

Modeled valuation trajectory
$609.1M
Base estimate est.
$49.0M
Conservative case
$2.3B
Upside case
$111.1M
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.

Seed · modeled $65.0M · 2012-06-082012Series A · modeled $193.0M · 2013-03-15Series A · modeled $402.2M · 2014-08-26Series B · modeled $654.8M · 2016-10-11Series B · modeled $609.1M · 2018-05-222018
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
8.1 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
18 mo
Avg between rounds
$10.9M/yr
Capital velocity
14.1 yr
On record since
2012
First round
5
Rounds on file
How it compares to the market

Benchmarked against 3920 companies in Software / Tech. 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) 14× above median
This company$64.9M
Sector median$4.6M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.0× above median
This company$20.0M
Sector median$19.9M
Modeled value — vs sector median (estimate, all stages) 17× above median
This company$609.1M
Sector median$36.6M

Raised more than 93% of sector peers (real $). Modeled value above 92% 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 #36 of 78.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0MCapital raised (log)Orchid Labs Inc. · Series B Raised $40.6M · modeled $1.1B (est)Overclock Labs, Inc. · Series B Raised $35.3M · modeled $1.0B (est)Reflexis Systems Inc · Series B Raised $67.2M · modeled $999.8M (est)Nav Technologies, Inc. · Series B Raised $67.8M · modeled $995.5M (est)Vesper Technologies Inc. · Series B Raised $51.4M · modeled $971.7M (est)Applied Data Finance, LLC · Series B Raised $30.8M · modeled $938.7M (est)Digital Reasoning Systems, Inc. · Series B Raised $80.5M · modeled $913.8M (est)Singular Labs Inc. · Series B Raised $35.6M · modeled $913.7M (est)Skyport Systems, Inc. · Series B Raised $66.7M · modeled $904.5M (est)Constellation Labs, LLC · Series B Raised $29.7M · modeled $904.1M (est)Theta Labs, Inc. · Series B Raised $37.4M · modeled $887.6M (est)SolidEnergy Systems Corp. · Series B Raised $79.5M · modeled $879.4M (est)Reciprocal Labs Corp (this company) Raised $64.9M · modeled $609.1M (est)Reciprocal Labs Corp
CompanyStageRaised · realValue · estvs peer med.
Orchid Labs Inc.Series B$40.6M$1.1B1.89×
Overclock Labs, Inc.Series B$35.3M$1.0B1.78×
Reflexis Systems IncSeries B$67.2M$999.8M1.72×
Nav Technologies, Inc.Series B$67.8M$995.5M1.71×
Vesper Technologies Inc.Series B$51.4M$971.7M1.67×
Applied Data Finance, LLCSeries B$30.8M$938.7M1.61×
Digital Reasoning Systems, Inc.Series B$80.5M$913.8M1.57×
Singular Labs Inc.Series B$35.6M$913.7M1.57×
Skyport Systems, Inc.Series B$66.7M$904.5M1.55×
Constellation Labs, LLCSeries B$29.7M$904.1M1.55×
Theta Labs, Inc.Series B$37.4M$887.6M1.52×
SolidEnergy Systems Corp.Series B$79.5M$879.4M1.51×
Reciprocal Labs Corp this companySeries B$64.9M$609.1M1.05×
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$1.9M2012-06-08$9.5M$65.0M85%
Series A$7.0M2013-03-15$31.6M$193.0M85%
Series A$14.5M2014-08-26$65.9M$402.2M85%
Series B$21.5M2016-10-11$119.4M$654.8M90%
Series B$20.0M2018-05-22$111.1M$609.1M90%
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$1.9M2012-06-08
    • First recorded raise — entered as Seed.
    • 6 investors on this round.
  2. Series A$7.0M2013-03-15
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round 3.6× larger than the prior — scaling up.
    • 7 investors on this round.
  3. Series A$14.5M2014-08-26
    • Raised 17 mo later, in step with the ~13 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 3 investors on this round.
  4. Series B$21.5M2016-10-11
    • Raised again after 26 mo — slower than the ~13 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 5 investors on this round.
  5. Series B$20.0M2018-05-22
    • Raised again after 19 mo — slower than the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 7 investors on this round.
Intelligence
2019 ~Q4
Modeled next raise · ~18mo cadence
$20.0M
Modeled next size est.range $20.0M$32.0M
0.9×
Last step-up
$10.9M/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
Ted Maidenberg8 other2013-03
Gary Kurtzman7 other2014-08
Jeffrey Rusinow2 other2012-06
Greg Tracy1 other2014-08
Mark Gehring1 other2012-06
Chris Hogg2014-08
David Van Sickle2012-06
Erica St. Angel2014-08
Rob Monahan2012-06
Registry & provenance

Reciprocal Labs Corp 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
1552548
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.

CompanySectorStageRaised · realValue · estWhy similar
Woven Digital, Inc.Software / TechSeries B$64.9M$565.5Msame sector · same stage
Intouch Technologies IncSoftware / TechSeries B$63.5M$639.6Msame sector · same stage
Pieces Technologies, Inc.Software / TechSeries B$63.5M$782.9Msame sector · same stage
Skyport Systems, Inc.Software / TechSeries B$66.7M$904.5Msame sector · same stage
Outbox Systems, Inc.Software / TechSeries B$62.9M$650.6Msame sector · same stage
Guru Technologies, Inc.Software / TechSeries B$67.8M$913.7Msame sector · same stage
Cloud Elements, Inc.Software / TechSeries B$60.2M$913.7Msame sector · same stage
Rasa Technologies Inc.Software / TechSeries B$70.2M$274.0Msame 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
Spanning Labs Inc.Software / TechSeries A$91.1M86%
Swap Labs, Inc.Software / TechSeries A$32.1M86%
Stack Labs, Inc.Software / TechSeries B$479.7M85%
Mona Labs Inc.Software / TechSeed$132.9M85%
Concord Labs, Inc.Software / TechSeed$45.4M85%
Refirm Labs, Inc.Software / TechSeed$50.1M84%
Mira Labs, Inc.Software / TechSeries A$70.9M84%
Ripple Labs Inc.Software / TechGrowth/Late$5.1B84%
Frequently asked
How much funding has Reciprocal Labs Corp raised?
Reciprocal Labs Corp has raised approximately $64.9M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Reciprocal Labs Corp's estimated valuation?
Provath's modeled valuation for Reciprocal Labs Corp is approximately $609.1M (modeled range $49.0M–$2.3B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Reciprocal Labs Corp at?
Reciprocal Labs Corp's latest modeled financing stage is Series B. Its most recent recorded round closed around Tue May 22.
What does Reciprocal Labs Corp do and where is it based?
Reciprocal Labs Corp operates in the Software / Tech sector, based in MADISON.
Explore related

See where Reciprocal Labs Corp sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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