Companies · Tourism and Travel Services

Sigma Labs, Inc.

SANTA FE · Tourism and Travel Services

Diligence memoA one-page analyst read on Sigma Labs, Inc. — recommendation, valuation, rhythm, risks.
$19.3M
Total raised · real
11
Rounds
2.2×
Latest step-up
Top 10%
Sector rank · raised
Series A
Latest stage · inferred · Tue Dec 31 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Sigma Labs, Inc. has raised $19M over 11 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the travel sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Quiet
  • Last raise 18 mo ago; this sector typically re-raises about every 14 months.
  • Slightly overdue versus sector 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 Tourism and Travel Services

Sigma Labs, Inc. is one of 172 Tourism and Travel Services companies tracked from SANTA FE. By capital raised it ranks among the largest (ahead of 91% of sector peers), and in the long tail 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
5
Investors (latest)
2024-12-31
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$25M$50M$75M$100MSeed · 2011-04-15 Raised $1.1M (real) Modeled valuation $8.2M (est)Seed2011Seed · 2013-07-18 Raised $1.2M (real) Modeled valuation $8.6M (est)Seed2013Seed · 2018-04-06 Raised $1.0M (real) Modeled valuation $7.2M (est)Seed2018Seed · 2020-01-28 Raised $2.1M (real) Modeled valuation $15M (est)Seed2020Seed · 2020-04-06 Raised $1.5M (real) Modeled valuation $11M (est)Seed2020Series A · 2021-03-26 Raised $9.7M (real) Modeled valuation $51M (est)Series A2021Series A · 2023-12-29 Raised $472K (real) Modeled valuation $1.6M (est)Series A2023Series A · 2024-02-22 Raised $673K (real) Modeled valuation $2.2M (est)Series A2024Series A · 2024-12-31 Raised $183K (real) Modeled valuation $518K (est)Series A2024Series A · 2024-12-31 Raised $403K (real) Modeled valuation $1.1M (est)Series A2024Series A · 2024-12-31 Raised $899K (real) Modeled valuation $2.5M (est)Series A2024Cumulative $19M

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$1.1M · 2011
Seed extension$1.2M · 2013
Seed extension$1.0M · 2018
Seed extension$2.1M · 2020
Seed extension$1.5M · 2020
Series A$9.7M · 2021
Series A extension$472K · 2023
Series A extension$673K · 2024
Series A extension$183K · 2024
Series A extension$403K · 2024
Series A extension$899K · 2024

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: 67%.

Modeled valuation trajectory
$2.5M
Base estimate est.
$1.1M
Conservative case
$4.9M
Upside case
$4.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the travel sector profile. Directional, not a quoted figure.

Seed · modeled $8.2M · 2011-04-152011Seed · modeled $8.6M · 2013-07-18Seed · modeled $7.2M · 2018-04-06Seed · modeled $15.1M · 2020-01-28Seed · modeled $10.8M · 2020-04-06Series A · modeled $50.5M · 2021-03-26Series A · modeled $1.6M · 2023-12-29Series A · modeled $2.2M · 2024-02-22Series A · modeled $518K · 2024-12-31Series A · modeled $1.1M · 2024-12-31Series A · modeled $2.5M · 2024-12-312024
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
49%
Survival probability
27% low · 67% high
1.18×/yr
Annual markup
1.48×/yr upside case
1.5 yr
Elapsed time used
1.5 yr actual, capped for stale marks
travel
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
16 mo
Avg between rounds
$1.4M/yr
Capital velocity
15.2 yr
On record since
2011
First round
11
Rounds on file
How it compares to the market

Benchmarked against 172 companies in Tourism and Travel Services. 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) 15× above median
This company$19.3M
Sector median$1.3M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.2× of median
This company$899K
Sector median$5.0M
Modeled value — vs sector median (estimate, all stages) 0.5× of median
This company$2.5M
Sector median$5.5M

Raised more than 91% of sector peers (real $). Modeled value above 31% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0M$100.0MCapital raised (log)RoverPass, Inc. · Series A Raised $9.2M · modeled $25.8M (est)CBUS Hotels, LLC · Series A Raised $1.1M · modeled $3.8M (est)Roam Maui LLC · Series A Raised $7.5M · modeled $1.8M (est)Sigma Labs, Inc. (this company) Raised $19.3M · modeled $2.5M (est)Sigma Labs, Inc.
CompanyStageRaised · realValue · estvs peer med.
RoverPass, Inc.Series A$9.2M$25.8M8.17×
CBUS Hotels, LLCSeries A$1.1M$3.8M1.19×
Sigma Labs, Inc. this companySeries A$19.3M$2.5M0.81×
Roam Maui LLCSeries A$7.5M$1.8M0.58×
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$1.1M2011-04-15$5.7M$8.2M85%
Seed$1.2M2013-07-18$6.0M$8.6M85%
Seed$1.0M2018-04-06$5.0M$7.2M90%
Seed$2.1M2020-01-28$10.5M$15.1M90%
Seed$1.5M2020-04-06$7.5M$10.8M90%
Series A$9.7M2021-03-26$44.2M$50.5M90%
Series A$472K2023-12-29$2.1M$1.6M90%
Series A$673K2024-02-22$3.1M$2.2M90%
Series A$183K2024-12-31$832K$518K90%
Series A$403K2024-12-31$1.8M$1.1M90%
Series A$899K2024-12-31$4.1M$2.5M90%
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$1.1M2011-04-15
    • First recorded raise — entered as Seed.
  2. Seed$1.2M2013-07-18
    • Raised again after 27 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 21 investors on this round.
  3. Seed$1.0M2018-04-06
    • Raised again after 57 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(b) (was Rule 06).
    • 2 investors on this round.
  4. Seed$2.1M2020-01-28
    • Raised again after 22 mo — slower than the ~14 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
    • 8 investors on this round.
  5. Seed$1.5M2020-04-06
    • Came back fast: 2 mo vs the ~14 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  6. Series A$9.7M2021-03-26
    • Raised 12 mo later, in step with the ~14 mo sector norm.
    • Round 6.5× larger than the prior — scaling up.
    • 7 investors on this round.
  7. Series A$472K2023-12-29
    • Raised again after 33 mo — slower than the ~14 mo sector norm.
    • Round 20.6× smaller than the prior — bridge or down round.
    • 26 investors on this round.
  8. Series A$673K2024-02-22
    • Came back fast: 2 mo vs the ~14 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 6 investors on this round.
  9. Series A$183K2024-12-31
    • Raised 10 mo later, in step with the ~14 mo sector norm.
    • Round 3.7× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  10. Series A$403K2024-12-31
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.2× larger than the prior — scaling up.
    • 1 investor on this round.
  11. Series A$899K2024-12-31
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.2× larger than the prior — scaling up.
    • 5 investors on this round.
Intelligence
2026 ~Q2
Modeled next raise · ~16mo cadence
$2.0M
Modeled next size est.range $1.3M$3.2M
2.2×
Last step-up
$1.4M/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
James Stout2 other2011-04
John Rice2 other2020-01
Richard Mah2 other2011-04
Ronald Fisher2 other2020-04
William Kerby2 other2023-12
Donald Monaco1 other2024-02
Donald P. Monaco1 other2023-12
Kent Summers1 other2020-01
Mark Cola1 other2011-04
Valerie Vekkos1 other2011-04
Allen Mason2013-07
Battinell P Salvatore2023-12
Damon Giovanielli2013-07
Darren Beckett2020-04
Dennis Duitch2020-01
Dennis P. Duitch2024-12
Dennis Reynolds Duitch2018-04
Frank Garofalo2020-01
Frank J Garofalo2018-04
Frank Orzechowski2020-01
Jacob Brunsberg2023-12
Jacob P. Brunsberg2024-12
John Reynolds Rice2018-04
Kent J Summers2018-04
Registry & provenance

Sigma Labs, Inc. 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
788611
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
B6 Sigma IncOtherPre-Seed$113K$2.6Mnetwork4 shared operators
Monaker Group, Inc.Tourism and Travel ServicesSeed$8.2M$22.0Mnetwork2 shared operators · same sector
LeisureLink IncTourism and Travel ServicesSeries A$17.5M$52.6Msame sector · same stage
Key Travel Concierge, Inc.Tourism and Travel ServicesSeries A$17.0M$13.9Msame sector · same stage
Pana Industries, Inc.Tourism and Travel ServicesSeries A$16.5M$19.3Msame sector · same stage
First Class Vacations, Inc.Tourism and Travel ServicesSeries A$15.0M$33.4Msame sector · same stage
Capri Hospitality, Inc.Tourism and Travel ServicesSeries A$14.9M$11.7Msame sector · same stage
Journey Rewards Inc.Tourism and Travel ServicesSeries A$14.7M$17.9Msame 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
Travel Labs, Inc.Software / TechPre-Seed$16.9M80%
Key Travel Concierge, Inc.Tourism and Travel ServicesSeries A$13.9M79%
Journey Rewards Inc.Tourism and Travel ServicesSeries A$17.9M78%
SIGMAS Inc.OtherPre-Seed$2.9M78%
HotelEngine, Inc.Tourism and Travel ServicesSeries C$396.5M78%
Mu Sigma, Inc.Business ServicesSeries B$14.9M77%
SigmaSense, LLCOther TechnologySeries B$74.6M77%
Tripiamo Inc.Tourism and Travel ServicesPre-Seed$3.5M77%
Frequently asked
How much funding has Sigma Labs, Inc. raised?
Sigma Labs, Inc. has raised approximately $19.3M in disclosed capital across 11 recorded financing rounds, aggregated from public filings.
What is Sigma Labs, Inc.'s estimated valuation?
Provath's modeled valuation for Sigma Labs, Inc. is approximately $2.5M (modeled range $1.1M–$4.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Sigma Labs, Inc. at?
Sigma Labs, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Tue Dec 31.
What does Sigma Labs, Inc. do and where is it based?
Sigma Labs, Inc. operates in the Tourism and Travel Services sector, based in SANTA FE.
Explore related

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