Companies · Other Technology

Sphero, Inc.

BOULDER · Other Technology

Diligence memoA one-page analyst read on Sphero, Inc. — recommendation, valuation, rhythm, risks.
$114.2M
Total raised · real
17
Rounds
0.1×
Latest step-up
Top 4%
Sector rank · raised
Series B
Latest stage · inferred · Thu May 28 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Sphero, Inc. 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 technology 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 0.01× the median modeled value of Series B Other Technology companies in 2019–2021 (415 peers) — value vs value, same stage and era.
Dormant
  • Last raise 6.1 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal 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 Other Technology

Sphero, Inc. is one of 21292 Other Technology companies tracked from BOULDER. By capital raised it ranks among the largest (ahead of 97% 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
1
Investors (latest)
2020-05-28
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$1.0BSeed · 2010-09-03 Raised $1.1M (real) Modeled valuation $38M (est)Seed2010Series A · 2011-04-01 Raised $4.9M (real) Modeled valuation $137M (est)Series A · 2012-05-23 Raised $5.0M (real) Modeled valuation $140M (est)Series A2012Series A · 2013-04-26 Raised $4.0M (real) Modeled valuation $111M (est)Series B · 2014-04-30 Raised $15M (real) Modeled valuation $472M (est)Series B2014Series B · 2014-06-27 Raised $997K (real) Modeled valuation $30M (est)Series B · 2015-05-11 Raised $11M (real) Modeled valuation $335M (est)Series B2015Series B · 2015-06-23 Raised $2.0M (real) Modeled valuation $60M (est)Series B · 2015-11-11 Raised $1.2M (real) Modeled valuation $35M (est)Series B2015Series B · 2017-03-22 Raised $24M (real) Modeled valuation $724M (est)Series B · 2018-05-25 Raised $27M (real) Modeled valuation $818M (est)Series B2018Series B · 2018-05-25 Raised $28M (real) Modeled valuation $846M (est)Series A · 2018-05-25 Raised $12M (real) Modeled valuation $336M (est)Series A2018Series B · 2018-09-07 Raised $606K (real) Modeled valuation $18M (est)Series B · 2018-11-06 Raised $718K (real) Modeled valuation $22M (est)Series B2018Series B · 2019-08-22 Raised $12M (real) Modeled valuation $365M (est)Series B · 2020-04-15 Raised $498K (real) Modeled valuation $15M (est)Series B2020Series B · 2020-05-27 Raised $3.0M (real) Modeled valuation $91M (est)Series B · 2020-05-28 Raised $159K (real) Modeled valuation $4.8M (est)Series B2020Cumulative $153M

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 · 2010
Series A$4.9M · 2011
Series A extension$5.0M · 2012
Series A extension$4.0M · 2013
Series B$15.5M · 2014
Series B extension$997K · 2014
Series B extension$11.0M · 2015
Series B extension$2.0M · 2015
Series B extension$1.2M · 2015
Series B extension$23.8M · 2017
Series B extension$26.9M · 2018
Series B extension$27.8M · 2018
Bridge · Series B-stage$12.1M · 2018smaller follow-on
Series B extension$606K · 2018
Series B extension$718K · 2018
Series B extension$12.0M · 2019
Series B extension$498K · 2020
Series B extension$3.0M · 2020
Series B extension$159K · 2020

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: 75%.

Modeled valuation trajectory
$4.8M
Base estimate est.
$388K
Conservative case
$18.6M
Upside case
$881K
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.

Seed · modeled $38.0M · 2010-09-032010Series A · modeled $136.9M · 2011-04-01Series A · modeled $139.7M · 2012-05-23Series A · modeled $111.0M · 2013-04-26Series B · modeled $472.1M · 2014-04-30Series B · modeled $30.4M · 2014-06-27Series B · modeled $335.0M · 2015-05-11Series B · modeled $59.6M · 2015-06-23Series B · modeled $35.4M · 2015-11-11Series B · modeled $724.0M · 2017-03-22Series B · modeled $818.3M · 2018-05-25Series B · modeled $845.7M · 2018-05-25Series A · modeled $335.7M · 2018-05-25Series B · modeled $18.4M · 2018-09-07Series B · modeled $21.9M · 2018-11-06Series B · modeled $364.8M · 2019-08-22Series B · modeled $15.2M · 2020-04-15Series B · modeled $91.4M · 2020-05-27Series B · modeled $4.8M · 2020-05-282020
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
6.0 yr
Elapsed time used
6.1 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
6 mo
Avg between rounds
$11.7M/yr
Capital velocity
15.8 yr
On record since
2010
First round
19
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) 36× above median
This company$114.2M
Sector median$3.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.0× of median
This company$159K
Sector median$19.2M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$4.8M
Sector median$37.3M

Raised more than 97% of sector peers (real $). Modeled value above 13% 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 #414 of 415.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Decisions, LLC · Series B Raised $40.0M · modeled $1.2B (est)Visual Lease, LLC · Series B Raised $40.0M · modeled $1.2B (est)Suvoda LLC · Series B Raised $40.0M · modeled $1.2B (est)SmartRecruiters, Inc. · Series B Raised $95.0M · modeled $1.2B (est)Litify Inc. · Series B Raised $43.7M · modeled $1.2B (est)Stevenson Aggregator, LP · Series B Raised $39.5M · modeled $1.2B (est)Hazelcast, Inc. · Series B Raised $55.1M · modeled $1.2B (est)Qardio, Inc. · Series B Raised $99.8M · modeled $1.1B (est)BlockFi Inc. · Series B Raised $62.6M · modeled $1.1B (est)Pencil & Pixel, Inc. · Series B Raised $74.4M · modeled $1.1B (est)Niche.com, Inc. · Series B Raised $36.0M · modeled $1.1B (est)EdCast Inc. · Series B Raised $67.5M · modeled $1.1B (est)Sphero, Inc. (this company) Raised $114.2M · modeled $4.8M (est)Sphero, Inc.
CompanyStageRaised · realValue · estvs peer med.
Decisions, LLCSeries B$40.0M$1.2B2.42×
Visual Lease, LLCSeries B$40.0M$1.2B2.42×
Suvoda LLCSeries B$40.0M$1.2B2.42×
SmartRecruiters, Inc.Series B$95.0M$1.2B2.42×
Litify Inc.Series B$43.7M$1.2B2.42×
Stevenson Aggregator, LPSeries B$39.5M$1.2B2.39×
Hazelcast, Inc.Series B$55.1M$1.2B2.33×
Qardio, Inc.Series B$99.8M$1.1B2.28×
BlockFi Inc.Series B$62.6M$1.1B2.27×
Pencil & Pixel, Inc.Series B$74.4M$1.1B2.25×
Niche.com, Inc.Series B$36.0M$1.1B2.12×
EdCast Inc.Series B$67.5M$1.1B2.12×
Sphero, Inc. this companySeries B$114.2M$4.8M0.01×
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$1.1M2010-09-03$5.6M$38.0M85%
Series A$4.9M2011-04-01$22.4M$136.9M85%
Series A$5.0M2012-05-23$22.9M$139.7M85%
Series A$4.0M2013-04-26$18.2M$111.0M85%
Series B$15.5M2014-04-30$86.1M$472.1M85%
Series B$997K2014-06-27$5.5M$30.4M85%
Series B$11.0M2015-05-11$61.1M$335.0M85%
Series B$2.0M2015-06-23$10.9M$59.6M85%
Series B$1.2M2015-11-11$6.5M$35.4M85%
Series B$23.8M2017-03-22$132.1M$724.0M90%
Series B$26.9M2018-05-25$149.3M$818.3M90%
Series B$27.8M2018-05-25$154.3M$845.7M90%
Series A$12.1M2018-05-25$55.0M$335.7M90%
Series B$606K2018-09-07$3.4M$18.4M90%
Series B$718K2018-11-06$4.0M$21.9M90%
Series B$12.0M2019-08-22$66.6M$364.8M90%
Series B$498K2020-04-15$2.8M$15.2M90%
Series B$3.0M2020-05-27$16.7M$91.4M90%
Series B$159K2020-05-28$881K$4.8M90%
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$1.1M2010-09-03
    • First recorded raise — entered as Seed.
    • 13 investors on this round.
  2. Series A$4.9M2011-04-01
    • Came back fast: 7 mo vs the ~13 mo sector norm.
    • Round 4.4× larger than the prior — scaling up.
    • 8 investors on this round.
  3. Series A$5.0M2012-05-23
    • Raised 14 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 8 investors on this round.
  4. Series A$4.0M2013-04-26
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
  5. Series B$15.5M2014-04-30
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round 3.9× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 3 investors on this round.
  6. Series B$997K2014-06-27
    • Came back fast: 2 mo vs the ~13 mo sector norm.
    • Round 15.6× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  7. Series B$11.0M2015-05-11
    • Raised 10 mo later, in step with the ~13 mo sector norm.
    • Round 11.0× larger than the prior — scaling up.
    • 3 investors on this round.
  8. Series B$2.0M2015-06-23
    • Came back fast: 1 mo vs the ~13 mo sector norm.
    • Round 5.6× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  9. Series B$1.2M2015-11-11
    • Came back fast: 5 mo vs the ~13 mo sector norm.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  10. Series B$23.8M2017-03-22
    • Raised 16 mo later, in step with the ~13 mo sector norm.
    • Round 20.4× larger than the prior — scaling up.
    • 7 investors on this round.
  11. Series B$26.9M2018-05-25
    • Raised 14 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 10 investors on this round.
  12. Series B$27.8M2018-05-25
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 12 investors on this round.
  13. Series A$12.1M2018-05-25
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.3× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  14. Series B$606K2018-09-07
    • Came back fast: 3 mo vs the ~13 mo sector norm.
    • Round 20.0× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  15. Series B$718K2018-11-06
    • Came back fast: 2 mo vs the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  16. Series B$12.0M2019-08-22
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round 16.7× larger than the prior — scaling up.
    • 1 investor on this round.
  17. Series B$498K2020-04-15
    • Came back fast: 8 mo vs the ~13 mo sector norm.
    • Round 24.1× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  18. Series B$3.0M2020-05-27
    • Came back fast: 1 mo vs the ~13 mo sector norm.
    • Round 6.0× larger than the prior — scaling up.
    • 3 investors on this round.
  19. Series B$159K2020-05-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 18.9× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2020 ~Q4
Modeled next raise · ~6mo cadence
$159K
Modeled next size est.range $159K$254K
0.1×
Last step-up
$11.7M/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
Brad Feld28 other2010-09
Jason Mendelson18 other2015-05
Mark Solon11 other2011-04
Jason Schoettler3 other2014-04
Paul Berberian3 other2010-09
Greg Warnock2 other2015-05
James M. Lejeal2 other2015-06
Brad M. Feld1 other2015-06
Ian Bernstein1 other2010-09
Jim Booth1 other2014-04
John Blood1 other2013-04
Adam M. Wilson2018-05
Adam Stone Wilson2017-03
AnaLisa D Valle2020-04
Benjamin M. Carney2018-05
Brad A Feld2020-04
David M. Cohen2018-05
Greg M. Warnock2015-06
Ian Stone Bernstein2017-03
James M. Booth2015-06
Jason A Schoettler2020-04
Jason M. Mendelson2015-06
Jason M. Schoettler2015-06
Jennifer A Lawton2020-04
Registry & provenance

Sphero, 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
1503887
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
Sprimo, Inc.Other TechnologyPre-Seed$4.2M92%
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DogHero, Ltd.Other TechnologySeries A$194.2M89%
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Frequently asked
How much funding has Sphero, Inc. raised?
Sphero, Inc. has raised approximately $114.2M in disclosed capital across 17 recorded financing rounds, aggregated from public filings.
What is Sphero, Inc.'s estimated valuation?
Provath's modeled valuation for Sphero, Inc. is approximately $4.8M (modeled range $388K–$18.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Sphero, Inc. at?
Sphero, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Thu May 28.
What does Sphero, Inc. do and where is it based?
Sphero, Inc. operates in the Other Technology sector, based in BOULDER.
Explore related

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

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