Companies · Investment Vehicle

Sovos Co-Invest LP

WILMINGTON · Investment Vehicle · refined from filed group “Other

Diligence memoA one-page analyst read on Sovos Co-Invest LP — recommendation, valuation, rhythm, risks.
$137.3M
Total raised · real
8
Rounds
1.0×
Latest step-up
Top 5%
Sector rank · raised
Recurring offerings
Latest stage · inferred · Mon Oct 21 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Sovos Co-Invest LP has raised $137M over 8 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.

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

Recurring offering issuerhigh confidence

Sovos Co-Invest LP behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Program-like
Frequent filings and follow-ons read more like a securities offering program than discrete startup rounds.
Lifecycle
5.8 yr record
Peak capital year was 2024 with $155.0M across 6 filings.
Market position
ahead of 96% of Investment Vehicle peers
Capital scale is ahead of 96% of Investment Vehicle 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
Lower 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Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.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
  • 25 dated financing filings, averaging about 2 months apart.
  • 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 2024: $155.0M across 6 filings.
  • Largest single filing was $44.4M on 2024-10-21.
  • Filing rows sum to $344.7M, while canonical raised total is $137.3M; likely amendments/superseded rows are mixed into the detail view.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.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
  • 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 Investment Vehicle

Sovos Co-Invest LP is one of 1793 Investment Vehicle companies tracked from WILMINGTON. By capital raised it ranks among the largest (ahead of 96% 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
55
Investors (latest)
2020
Year incorporated
2024-10-21
First sale
Amount raised vs valuation, by year

This issuer has a dense recurring filing history, so the chart groups filings by year. Solid bars are annual reported capital reported; hatched bars show the latest modeled value est. observed in that year. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Annual capital raised · realLatest value in year · estCumulative funded · real

Dense history compressed: 25 filings shown as 5 yearly buckets. Hover a bucket for filing count, annual capital, and latest modeled value.

$0$125M$250M$375M$500M2020: 1 filing Raised $31M total (real) Latest modeled valuation $488M (est)20201 filings2021: 6 filings Raised $39M total (real) Latest modeled valuation $102M (est)20216 filings2022: 1 filing Raised $720K total (real) Latest modeled valuation $6.6M (est)20221 filings2023: 11 filings Raised $118M total (real) Latest modeled valuation $27M (est)202311 filings2024: 6 filings Raised $155M total (real) Latest modeled valuation $308M (est)20246 filings+$39M+$720K+$118M+$155MCumulative $345M

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

This looks like a recurring offering series, so a VC stage ladder would be misleading. Showing the filed offering sequence instead.

Initial offering$31.3M · 2020
Follow-on offering$3.8M · 2021
Follow-on offering$5.5M · 2021
Follow-on offering$8.3M · 2021
Follow-on offering$7.1M · 2021
Follow-on offering$6.3M · 2021
Follow-on offering$8.6M · 2021
Follow-on offering$720K · 2022
Follow-on offering$1.0M · 2023
Follow-on offering$27.0M · 2023
Follow-on offering$2.0M · 2023
Follow-on offering$1.8M · 2023
Follow-on offering$29.1M · 2023
Follow-on offering$300K · 2023
Follow-on offering$18.3M · 2023
Follow-on offering$5.8M · 2023
Follow-on offering$20.6M · 2023
Follow-on offering$7.2M · 2023
Follow-on offering$5.1M · 2023
Follow-on offering$22.8M · 2024
Follow-on offering$23.5M · 2024
Follow-on offering$14.0M · 2024
Follow-on offering$8.1M · 2024
Follow-on offering$44.4M · 2024

Showing first 24 of 25 filings to keep the sequence readable.

Modeled valuation trajectory
$323.3M
Base estimate est.
$171.6M
Conservative case
$471.0M
Upside case
$295.9M
Modeled post-money

This issuer files recurring offerings, so the model treats stage labels as a loose sizing heuristic, not a clean VC ladder. The estimate anchors on reported filing amounts and dates, then applies benchmark dilution, survival, and markup assumptions. Directional, not a quoted figure.

Series B · modeled $488.4M · 2020-09-302020Seed · modeled $43.1M · 2021-11-04Series A · modeled $55.6M · 2021-11-04Series A · modeled $83.6M · 2021-11-04Series A · modeled $71.4M · 2021-11-04Series A · modeled $63.5M · 2021-11-04Series B · modeled $102.1M · 2021-11-04Series B · modeled $6.6M · 2022-11-28Seed · modeled $7.2M · 2023-02-08Series B · modeled $236.0M · 2023-02-08Series B · modeled $17.6M · 2023-02-08Seed · modeled $12.5M · 2023-02-08Series B · modeled $232.3M · 2023-06-22Pre-Seed · modeled $1.9M · 2023-06-22Series B · modeled $146.0M · 2023-06-22Series A · modeled $36.0M · 2023-06-22Series B · modeled $163.9M · 2023-06-22Series B · modeled $50.7M · 2023-12-29Series A · modeled $27.3M · 2023-12-29Series B · modeled $152.2M · 2024-03-08Series B · modeled $157.1M · 2024-03-08Series B · modeled $94.0M · 2024-03-08Series A · modeled $33.6M · 2024-10-21Series C · modeled $323.3M · 2024-10-21Series C · modeled $308.0M · 2024-10-212024
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
78%
Survival probability
58% low · 90% high
1.22×/yr
Annual markup
1.40×/yr upside case
1.7 yr
Elapsed time used
1.7 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
2 mo
Avg between rounds
$33.8M/yr
Capital velocity
5.8 yr
On record since
2020
First round
25
Rounds on file
How it compares to the market

Benchmarked against 1793 companies in Investment Vehicle. 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) 42× above median
This company$137.3M
Sector median$3.2M
Modeled value — vs sector median (estimate, all stages) 13× above median
This company$323.3M
Sector median$25.2M

Raised more than 96% of sector peers (real $). Modeled value above 87% of peers (estimate).

Full financing history

This issuer files too frequently for VC stage labels to be meaningful, so rows are shown as initial/follow-on offerings est. instead of Pre-Seed/Seed/Series buckets.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Initial offering$31.3M2020-09-30$173.6M$488.4M90%
Follow-on offering$3.8M2021-11-04$19.1M$43.1M90%
Follow-on offering$5.5M2021-11-04$25.0M$55.6M90%
Follow-on offering$8.3M2021-11-04$37.6M$83.6M90%
Follow-on offering$7.1M2021-11-04$32.1M$71.4M90%
Follow-on offering$6.3M2021-11-04$28.6M$63.5M90%
Follow-on offering$8.6M2021-11-04$47.6M$102.1M90%
Follow-on offering$720K2022-11-28$4.0M$6.6M90%
Follow-on offering$1.0M2023-02-08$5.1M$7.2M90%
Follow-on offering$27.0M2023-02-08$150.1M$236.0M90%
Follow-on offering$2.0M2023-02-08$11.2M$17.6M90%
Follow-on offering$1.8M2023-02-08$8.9M$12.5M90%
Follow-on offering$29.1M2023-06-22$161.8M$232.3M90%
Follow-on offering$300K2023-06-22$1.7M$1.9M90%
Follow-on offering$18.3M2023-06-22$101.7M$146.0M90%
Follow-on offering$5.8M2023-06-22$26.4M$36.0M90%
Follow-on offering$20.6M2023-06-22$114.2M$163.9M90%
Follow-on offering$7.2M2023-12-29$40.1M$50.7M90%
Follow-on offering$5.1M2023-12-29$23.4M$27.3M90%
Follow-on offering$22.8M2024-03-08$126.4M$152.2M90%
Follow-on offering$23.5M2024-03-08$130.4M$157.1M90%
Follow-on offering$14.0M2024-03-08$78.0M$94.0M90%
Follow-on offering$8.1M2024-10-21$36.7M$33.6M90%
Follow-on offering$44.4M2024-10-21$295.9M$323.3M90%
Follow-on offering$42.3M2024-10-21$281.9M$308.0M90%
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. Initial offering$31.3M2020-09-30
    • First recorded raise — entered as Initial offering.
    • 14 investors on this round.
  2. Follow-on offering$3.8M2021-11-04
    • Raised 13 mo later.
    • Round 8.2× smaller than the prior — bridge or down round.
    • 10 investors on this round.
  3. Follow-on offering$5.5M2021-11-04
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× larger than the prior — scaling up.
    • 15 investors on this round.
  4. Follow-on offering$8.3M2021-11-04
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× larger than the prior — scaling up.
    • 26 investors on this round.
  5. Follow-on offering$7.1M2021-11-04
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 23 investors on this round.
  6. Follow-on offering$6.3M2021-11-04
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 20 investors on this round.
  7. Follow-on offering$8.6M2021-11-04
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× larger than the prior — scaling up.
    • 27 investors on this round.
  8. Follow-on offering$720K2022-11-28
    • Raised 13 mo later.
    • Round 11.9× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  9. Follow-on offering$1.0M2023-02-08
    • Raised 2 mo later.
    • Round 1.4× larger than the prior — scaling up.
    • 5 investors on this round.
  10. Follow-on offering$27.0M2023-02-08
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 26.5× larger than the prior — scaling up.
    • 7 investors on this round.
  11. Follow-on offering$2.0M2023-02-08
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 13.4× smaller than the prior — bridge or down round.
    • 6 investors on this round.
  12. Follow-on offering$1.8M2023-02-08
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 6 investors on this round.
  13. Follow-on offering$29.1M2023-06-22
    • Raised 4 mo later.
    • Round 16.4× larger than the prior — scaling up.
    • 6 investors on this round.
  14. Follow-on offering$300K2023-06-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 97.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  15. Follow-on offering$18.3M2023-06-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 61.0× larger than the prior — scaling up.
    • 4 investors on this round.
  16. Follow-on offering$5.8M2023-06-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.2× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  17. Follow-on offering$20.6M2023-06-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.5× larger than the prior — scaling up.
    • 5 investors on this round.
  18. Follow-on offering$7.2M2023-12-29
    • Raised 6 mo later.
    • Round 2.8× smaller than the prior — bridge or down round.
    • 26 investors on this round.
  19. Follow-on offering$5.1M2023-12-29
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 13 investors on this round.
  20. Follow-on offering$22.8M2024-03-08
    • Raised 2 mo later.
    • Round 4.4× larger than the prior — scaling up.
    • 24 investors on this round.
  21. Follow-on offering$23.5M2024-03-08
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 26 investors on this round.
  22. Follow-on offering$14.0M2024-03-08
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 8 investors on this round.
  23. Follow-on offering$8.1M2024-10-21
    • Raised 7 mo later.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 21 investors on this round.
  24. Follow-on offering$44.4M2024-10-21
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 5.5× larger than the prior — scaling up.
    • 63 investors on this round.
  25. Follow-on offering$42.3M2024-10-21
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 55 investors on this round.
Intelligence
2024 ~Q4
Modeled next raise · ~2mo cadence
$42.3M
Modeled next size est.range $42.3M$67.7M
1.0×
Last step-up
$33.8M/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
Kevin Cunningham6 other2023-06
Hythem El-Nazer4 other2023-06
Anthony Reisz1 other2023-06
Ashvin Malkani1 other2023-06
Jonathan Wulkan1 other2020-09
Kevin Akeroyd1 other2023-06
Alexander Johnson2020-09
Andrew Cyril Hovancik2020-09
Arif Cyril Lakhani2022-11
Arif W. Lakhani2021-11
Ashvin D'Oyen Malkani2021-11
David Cyril Habiger2020-09
Elizabeth Salomon2023-06
Gero Wittemann2020-09
Hythem Cyril El-Nazer2020-09
Jonathan Boyes2020-09
Ken Stillwell2023-06
Kevin Cyril Cunningham2022-11
Morgan Cyril Seigler2020-09
Qinnan Cyril Lin2023-06
Qinnan Lin2023-06
Robert W. White2020-09
Tjada D'Oyen McKenna2021-11
Vagh Bakhshyan2023-06
Registry & provenance

Sovos Co-Invest LP 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
1828449
SEC CIK
2020
Incorporated
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Frequently asked
How much funding has Sovos Co-Invest LP raised?
Sovos Co-Invest LP has raised approximately $137.3M in disclosed capital across 8 recorded financing rounds, aggregated from public filings.
What is Sovos Co-Invest LP's estimated valuation?
Provath's modeled valuation for Sovos Co-Invest LP is approximately $323.3M (modeled range $171.6M–$471.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Sovos Co-Invest LP at?
Sovos Co-Invest LP shows a recurring offering pattern rather than a clean VC stage progression. Its most recent recorded round closed around Mon Oct 21.
What does Sovos Co-Invest LP do and where is it based?
Sovos Co-Invest LP operates in the Investment Vehicle sector, based in WILMINGTON.
Explore related

See where Sovos Co-Invest LP sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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