Diligence memo · auto-generated · as of July 2, 2026
Ses S.A.
Ses S.A. looks fair against its niche peers and is active on financing cadence.
Businessfiled
Ses S.A. operates in Telecommunications, based in LUXEMBOURG.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Ses S.A. has raised $10M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $5.1M on 2025-08-14.
Most recent recorded round closed around 2025-10-20.
Valuation (modeled)modeled
Provath models Ses S.A. at approximately $15M (range $6.6M–$24M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.93× the median modeled value of Series A Telecommunications companies in 2025–2027 (16 peers) — value vs value, same stage and era. Within the normal band (93% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 2 months.
Last raise 8 mo ago; this sector typically re-raises about every 10 months.
Raising on or ahead of the sector's normal rhythm.
The last round was 1.0× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 68% of Telecommunications peers (929 compared).
Modeled value ranks above 35% of those peers.
Closest niche peers: Affiniti Ventures, Inc., Searchlight III CVL, LLC, Caregility Corp, Ondas Networks Inc., Otava, Inc..
Peoplefiled
15 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.