Diligence memo · auto-generated · as of July 2, 2026
References-Online, Inc.
References-Online, Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
References-Online, Inc. operates in Other Technology, based in DENVER.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
References-Online, Inc. has raised $2.4M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $1.1M on 2015-10-21.
Most recent recorded round closed around 2015-10-21.
Valuation (modeled)modeled
Provath models References-Online, Inc. at approximately $36M (range $927K–$281M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.66× the median modeled value of Seed Other Technology companies in 2013–2015 (1027 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 10.7 yr ago; this sector typically re-raises about every 13 months.
Silent for over 3× the sector's normal cadence.
The last round was 1.1× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 44% of Other Technology peers (21302 compared).
Modeled value ranks above 49% of those peers.
Closest niche peers: Database Solutions, Inc., BAK USA Technologies Corp., OpenFin Inc., Golfkick Llc, CourseHorse, Inc..
Peoplefiled
1 named person on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.