Companies · Telecommunications

SmartSky New HoldCo, LLC

MORRISVILLE · Telecommunications

Diligence memoA one-page analyst read on SmartSky New HoldCo, LLC — recommendation, valuation, rhythm, risks.
$115.7M
Total raised · real
2
Rounds
1.3×
Latest step-up
Top 8%
Sector rank · raised
Series C
Latest stage · inferred · Fri Jun 03 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

SmartSky New HoldCo, LLC looks under-valued 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 telecom sector profile.

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

Under-valued
  • Modeled value is 0.55× the median modeled value of Series C Telecommunications companies in 2022–2024 (8 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.1 yr ago; this sector typically re-raises about every 10 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

SmartSky New HoldCo, LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
4.9 yr record
Peak capital year was 2021 with $108.8M across 2 filings.
Market position
ahead of 93% of Telecommunications peers
Capital scale is ahead of 93% of Telecommunications peers; modeled value is above 87% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2021: $108.8M across 2 filings.
  • Largest single filing was $88.8M on 2021-08-10.
  • Filing rows sum to $135.7M, while canonical raised total is $115.7M; likely amendments/superseded rows are mixed into the detail view.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • Canonical filtering should be tightened before using row-level totals for diligence.
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 Telecommunications

SmartSky New HoldCo, LLC is one of 929 Telecommunications companies tracked from MORRISVILLE. By capital raised it ranks among the largest (ahead of 93% of sector peers), and in the upper tier 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
6
Investors (latest)
2021
Year incorporated
2022-06-03
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$500M$1.0B$1.5B$2.0BSeries C · 2021-08-10 Raised $89M (real) Modeled valuation $1.4B (est)$89M$1.4BSeries C2021Series B · 2021-08-10 Raised $20M (real) Modeled valuation $283M (est)$20M$283MSeries B2021Series C · 2022-06-03 Raised $27M (real) Modeled valuation $344M (est)$27M$344MSeries C2022+$20M+$27MCumulative $136M

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
Series C$88.8M · 2021
Bridge · Series C-stage$20.0M · 2021smaller follow-on
Series C extension$26.9M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 40%.

Modeled valuation trajectory
$344.2M
Base estimate est.
$100.9M
Conservative case
$696.0M
Upside case
$179.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the telecom sector profile. Directional, not a quoted figure.

Series C · modeled $1.4B · 2021-08-102021Series B · modeled $283.2M · 2021-08-10Series C · modeled $344.2M · 2022-06-032022
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
76%
Survival probability
56% low · 87% high
1.26×/yr
Annual markup
1.44×/yr upside case
4.1 yr
Elapsed time used
4.1 yr actual, capped for stale marks
telecom
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
5 mo
Avg between rounds
$142.3M/yr
Capital velocity
4.9 yr
On record since
2021
First round
3
Rounds on file
How it compares to the market

Benchmarked against 929 companies in Telecommunications. 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) 29× above median
This company$115.7M
Sector median$4.0M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.6× of median
This company$26.9M
Sector median$48.2M
Modeled value — vs sector median (estimate, all stages) 12× above median
This company$344.2M
Sector median$28.3M

Raised more than 93% of sector peers (real $). Modeled value above 87% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #7 of 8.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Clickatell Corp · Series C Raised $91.0M · modeled $1.2B (est)Crosstown Fiber Holdings LLC · Series C Raised $163.9M · modeled $847.5M (est)Flr Grants, Inc. · Series C Raised $79.2M · modeled $666.5M (est)Ribbon Communications Inc. · Series C Raised $52.1M · modeled $637.9M (est)Main Line Sports Assets, Inc. · Series C Raised $50.0M · modeled $615.2M (est)Gigs Inc. · Series C Raised $69.9M · modeled $504.4M (est)Movius Interactive Corp · Series C Raised $129.0M · modeled $103.0M (est)SmartSky New HoldCo, LLC (this company) Raised $115.7M · modeled $344.2M (est)SmartSky New HoldCo, LLC
CompanyStageRaised · realValue · estvs peer med.
Clickatell CorpSeries C$91.0M$1.2B1.98×
Crosstown Fiber Holdings LLCSeries C$163.9M$847.5M1.35×
Flr Grants, Inc.Series C$79.2M$666.5M1.06×
Ribbon Communications Inc.Series C$52.1M$637.9M1.02×
Main Line Sports Assets, Inc.Series C$50.0M$615.2M0.98×
Gigs Inc.Series C$69.9M$504.4M0.80×
SmartSky New HoldCo, LLC this companySeries C$115.7M$344.2M0.55×
Movius Interactive CorpSeries C$129.0M$103.0M0.16×
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.
Series C$88.8M2021-08-10$592.1M$1.4B90%
Series B$20.0M2021-08-10$111.1M$283.2M90%
Series C$26.9M2022-06-03$179.3M$344.2M90%
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. Series C$88.8M2021-08-10
    • First recorded raise — entered as Series C.
    • 3 investors on this round.
  2. Series B$20.0M2021-08-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 4.4× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  3. Series C$26.9M2022-06-03
    • Raised 10 mo later, in step with the ~10 mo sector norm.
    • Round 1.3× larger than the prior — scaling up.
    • 6 investors on this round.
Intelligence
2022 ~Q4
Modeled next raise · ~5mo cadence
$36.2M
Modeled next size est.range $26.9M$57.9M
1.3×
Last step-up
$142.3M/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
Haynes G. Griffin5 other2021-08
Richard C. Rowlenson5 other2021-08
Ryan M. Stone4 other2021-08
G. Jackson Tankersley, Jr.3 other2021-08
Emil W. Henry, Jr.2 other2021-08
David Helfgott1 other2022-06
Adam Emmert2022-06
Carter M. Griffin2021-08
David G. Helfgott2021-08
Registry & provenance

SmartSky New HoldCo, LLC 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
1879118
SEC CIK
2021
Incorporated
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
SmartSky Investco, LLCTelecommunicationsSeries C$68.3M$464.8Mnetwork5 shared operators · same sector · same stage
SmartSky Networks, LLCTelecommunicationsSeries D+$234.7M$860.7Mnetwork5 shared operators · same sector
Series B SmartSky II, LLCTelecommunicationsSeed$1.7M$17.2Mnetwork3 shared operators · same sector
Series B SmartSky I, LLCTelecommunicationsPre-Seed$908K$9.9Mnetwork3 shared operators · same sector
Legacy SmartSky, LLCTelecommunicationsSeries A$8.1M$97.8Mnetwork2 shared operators · same sector
Movius Interactive CorpTelecommunicationsSeries C$129.0M$103.0Msame sector · same stage
Tango Networks, Inc.TelecommunicationsSeries C$78.4M$44.3Msame sector · same stage
Iota Communications, Inc.TelecommunicationsSeries C$77.0M$487.9Msame 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
SmartSky Investco, LLCTelecommunicationsSeries C$464.8M94%
SmartSky Networks, LLCTelecommunicationsSeries D+$860.7M89%
Legacy SmartSky, LLCTelecommunicationsSeries A$97.8M86%
Series B SmartSky I, LLCTelecommunicationsPre-Seed$9.9M83%
Vertical Communications Holdco IncTelecommunicationsSeed$65.8M83%
Series B SmartSky II, LLCTelecommunicationsSeed$17.2M81%
Searchlight TYP Holdco, LLCTelecommunicationsSeries B$124.2M81%
SmartMedia Technologies HoldCo, Inc.Software / TechPre-Seed$1.2M80%
Frequently asked
How much funding has SmartSky New HoldCo, LLC raised?
SmartSky New HoldCo, LLC has raised approximately $115.7M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is SmartSky New HoldCo, LLC's estimated valuation?
Provath's modeled valuation for SmartSky New HoldCo, LLC is approximately $344.2M (modeled range $100.9M–$696.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is SmartSky New HoldCo, LLC at?
SmartSky New HoldCo, LLC's latest modeled financing stage is Series C. Its most recent recorded round closed around Fri Jun 03.
What does SmartSky New HoldCo, LLC do and where is it based?
SmartSky New HoldCo, LLC operates in the Telecommunications sector, based in MORRISVILLE.
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