Companies · Other Technology

sovrn Holdings, Inc.

BOULDER · Other Technology

Diligence memoA one-page analyst read on sovrn Holdings, Inc. — recommendation, valuation, rhythm, risks.
$80.4M
Total raised · real
4
Rounds
75.9×
Latest step-up
Top 5%
Sector rank · raised
Series B
Latest stage · inferred · Thu May 19 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

sovrn Holdings, Inc. looks over-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 technology sector profile.

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

Over-valued
  • Modeled value is 2.61× the median modeled value of Series B Other Technology companies in 2022–2024 (514 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.1 yr ago; this sector typically re-raises about every 13 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

sovrn Holdings, Inc. 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
10.9 yr record
Peak capital year was 2018 with $47.2M across 2 filings.
Market position
ahead of 96% of Other Technology peers
Capital scale is ahead of 96% of Other Technology peers; modeled value is above 93% 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Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.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 2018: $47.2M across 2 filings.
  • Largest single filing was $35.6M on 2022-05-19.
  • Filing rows sum to $101.1M, while canonical raised total is $80.4M; 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 Other Technology

sovrn Holdings, Inc. is one of 21292 Other Technology companies tracked from BOULDER. By capital raised it ranks among the largest (ahead of 96% of sector peers), and among the largest 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
13
Investors (latest)
2022-05-19
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$250M$500M$750M$1.0BSeries B · 2015-08-14 Raised $18M (real) Modeled valuation $545M (est)$18M$545MSeries B2015Series B · 2018-10-11 Raised $21M (real) Modeled valuation $630M (est)$21M$630MSeries B2018Series B · 2018-10-11 Raised $26M (real) Modeled valuation $807M (est)$26M$807MSeries B2018Series B · 2021-07-12 Raised $469K (real) Modeled valuation $9.9M (est)$469K$9.9MSeries B2021Series B · 2022-05-19 Raised $36M (real) Modeled valuation $559M (est)$36M$559MSeries B2022+$21M+$26M+$469K+$36MCumulative $101M

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 B$17.9M · 2015
Series B extension$20.7M · 2018
Series B extension$26.5M · 2018
Series B extension$469K · 2021
Series B extension$35.6M · 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: 25%.

Modeled valuation trajectory
$559.5M
Base estimate est.
$87.2M
Conservative case
$1.5B
Upside case
$197.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Series B · modeled $544.7M · 2015-08-142015Series B · modeled $630.4M · 2018-10-11Series B · modeled $806.7M · 2018-10-11Series B · modeled $9.9M · 2021-07-12Series B · modeled $559.5M · 2022-05-192022
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
67%
Survival probability
44% low · 81% high
1.42×/yr
Annual markup
1.72×/yr upside case
4.1 yr
Elapsed time used
4.1 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
20 mo
Avg between rounds
$11.9M/yr
Capital velocity
10.9 yr
On record since
2015
First round
5
Rounds on file
How it compares to the market

Benchmarked against 21292 companies in Other Technology. 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) 25× above median
This company$80.4M
Sector median$3.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.9× above median
This company$35.6M
Sector median$19.2M
Modeled value — vs sector median (estimate, all stages) 15× above median
This company$559.5M
Sector median$37.3M

Raised more than 96% of sector peers (real $). Modeled value above 93% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #12 of 514.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)Contabilizei Co · Series B Raised $66.4M · modeled $707.8M (est)Skan, Inc. · Series B Raised $39.3M · modeled $684.7M (est)Design Barn Inc. · Series B Raised $37.0M · modeled $662.7M (est)SKAEL, Inc. · Series B Raised $37.9M · modeled $658.4M (est)Maze.Design, Inc. · Series B Raised $57.0M · modeled $649.8M (est)Infinity Stones Inc. · Series B Raised $78.9M · modeled $648.5M (est)GridX, Inc. · Series B Raised $54.7M · modeled $623.3M (est)Convictional, Inc. · Series B Raised $43.4M · modeled $608.7M (est)SourceDay, Inc. · Series B Raised $58.0M · modeled $599.3M (est)Xatabase, Inc. · Series B Raised $35.0M · modeled $596.0M (est)Concord SCC Ltd · Series B Raised $39.8M · modeled $585.1M (est)sovrn Holdings, Inc. (this company) Raised $80.4M · modeled $559.5M (est)sovrn Holdings, Inc.
CompanyStageRaised · realValue · estvs peer med.
Contabilizei CoSeries B$66.4M$707.8M3.30×
Skan, Inc.Series B$39.3M$684.7M3.19×
Design Barn Inc.Series B$37.0M$662.7M3.09×
SKAEL, Inc.Series B$37.9M$658.4M3.07×
Maze.Design, Inc.Series B$57.0M$649.8M3.03×
Infinity Stones Inc.Series B$78.9M$648.5M3.02×
GridX, Inc.Series B$54.7M$623.3M2.90×
Convictional, Inc.Series B$43.4M$608.7M2.84×
SourceDay, Inc.Series B$58.0M$599.3M2.79×
Xatabase, Inc.Series B$35.0M$596.0M2.78×
Concord SCC LtdSeries B$39.8M$585.1M2.73×
sovrn Holdings, Inc. this companySeries B$80.4M$559.5M2.61×
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 B$17.9M2015-08-14$99.4M$544.7M85%
Series B$20.7M2018-10-11$115.0M$630.4M90%
Series B$26.5M2018-10-11$147.2M$806.7M90%
Series B$469K2021-07-12$2.6M$9.9M90%
Series B$35.6M2022-05-19$197.7M$559.5M90%
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. Series B$17.9M2015-08-14
    • First recorded raise — entered as Series B.
    • 14 investors on this round.
  2. Series B$20.7M2018-10-11
    • Raised again after 38 mo — slower than the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 4 investors on this round.
  3. Series B$26.5M2018-10-11
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 11 investors on this round.
  4. Series B$469K2021-07-12
    • Raised again after 33 mo — slower than the ~13 mo sector norm.
    • Round 56.5× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  5. Series B$35.6M2022-05-19
    • Raised 10 mo later, in step with the ~13 mo sector norm.
    • Round 75.9× larger than the prior — scaling up.
    • 13 investors on this round.
Intelligence
2024 ~Q1
Modeled next raise · ~20mo cadence
$106.7M
Modeled next size est.range $69.4M$170.8M
75.9×
Last step-up
$11.9M/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
Seth Levine25 other2015-08
GREG MARTIN11 other2015-08
Fred Harman10 other2015-08
Tim Miller7 other2018-10
John Battelle4 other2015-08
Tim Connor3 other2018-10
Timothy Miller3 other2015-08
NOLAN SMITH2 other2015-08
Walter Knapp2 other2015-08
Eric Weinberg1 other2021-07
James Corboy1 other2021-07
Jesse Demmel1 other2021-07
Todd Siegler1 other2015-08
Aaron N. Samuels2022-05
Carolyn L. Cox2022-05
Eric N. Weinberg2022-05
Gregory N. Martin2022-05
James N. Corboy2022-05
John N. Battelle2022-05
Judi L. Hand2022-05
Matt Arkin2015-08
Nick Claassen2018-10
Timothy N. Connor2022-05
Registry & provenance

sovrn Holdings, 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
1651810
SEC CIK
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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
SOKN Engineering, Inc.Other TechnologySeries A$49.9M89%
SOS Group, Inc.Other TechnologySeed$26.5M88%
Sojern IncOther TechnologySeries A$33.6M88%
SoraFinance, Inc.Other TechnologySeed$36.2M86%
Somos Networks, Inc.Other TechnologySeries A$49.4M86%
Soelect Inc.Other TechnologySeed$34.2M86%
Soham Inc.Other TechnologySeries D+$2.0B85%
BCVU Holdings, Inc.Other TechnologySeries A$124.8M85%
Frequently asked
How much funding has sovrn Holdings, Inc. raised?
sovrn Holdings, Inc. has raised approximately $80.4M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is sovrn Holdings, Inc.'s estimated valuation?
Provath's modeled valuation for sovrn Holdings, Inc. is approximately $559.5M (modeled range $87.2M–$1.5B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is sovrn Holdings, Inc. at?
sovrn Holdings, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Thu May 19.
What does sovrn Holdings, Inc. do and where is it based?
sovrn Holdings, Inc. operates in the Other Technology sector, based in BOULDER.
Explore related

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