Companies · Software / Tech

Spritz Technology, Inc.

SALT LAKE CITY · Software / Tech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Spritz Technology, Inc. — recommendation, valuation, rhythm, risks.
$2.8M
Total raised · real
3
Rounds
0.1×
Latest step-up
Top 61%
Sector rank · raised
Seed
Latest stage · inferred · Wed Oct 05 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

Spritz Technology, 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 0.05× the median modeled value of Seed Software / Tech companies in 2016–2018 (229 peers) — value vs value, same stage and era.
Dormant
  • Last raise 9.7 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 Software / Tech

Spritz Technology, Inc. is one of 3920 Software / Tech companies tracked from SALT LAKE CITY. By capital raised it ranks mid-pack (ahead of 40% 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
2
Investors (latest)
2012
Year incorporated
2016-10-05
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 · 2014-02-24 Raised $2.0M (real) Modeled valuation $68M (est)$2.0M$68MSeed2014Seed · 2015-07-23 Raised $735K (real) Modeled valuation $25M (est)$735K$25MSeed2015Seed · 2016-10-05 Raised $100K (real) Modeled valuation $3.4M (est)$100K$3.4MSeed2016+$735K+$100KCumulative $2.8M

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$2.0M · 2014
Seed extension$735K · 2015
Seed extension$100K · 2016

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: 50%.

Modeled valuation trajectory
$3.4M
Base estimate est.
$88K
Conservative case
$26.7M
Upside case
$500K
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Seed · modeled $68.1M · 2014-02-242014Seed · modeled $25.0M · 2015-07-23Seed · modeled $3.4M · 2016-10-052016
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
39%
Survival probability
18% low · 61% high
1.61×/yr
Annual markup
2.11×/yr upside case
6.0 yr
Elapsed time used
9.7 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
16 mo
Avg between rounds
$1.1M/yr
Capital velocity
12.4 yr
On record since
2014
First round
3
Rounds on file
How it compares to the market

Benchmarked against 3920 companies in Software / Tech. 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) 0.6× of median
This company$2.8M
Sector median$4.6M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.1× of median
This company$100K
Sector median$1.9M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$3.4M
Sector median$36.6M

Raised more than 40% of sector peers (real $). Modeled value above 12% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) 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 #229 of 229.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$1.0M$10.0MCapital raised (log)Gigajot Technology, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Newman Cloud, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Digital Sandbox, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Vetica Labs, Inc. · Seed Raised $4.6M · modeled $136.3M (est)Privacy Labs, Inc. · Seed Raised $4.0M · modeled $136.3M (est)GoCo.IO, Inc. · Seed Raised $5.8M · modeled $135.2M (est)Risk Labs · Seed Raised $3.9M · modeled $132.9M (est)Eventador Labs, Inc. · Seed Raised $3.9M · modeled $131.9M (est)Pillar Technologies, Inc. · Seed Raised $3.7M · modeled $126.0M (est)VIIAD Systems, LLC · Seed Raised $3.7M · modeled $124.9M (est)Cambridge Technologies LLC · Seed Raised $3.5M · modeled $119.3M (est)LightRiver Software, Inc. · Seed Raised $3.5M · modeled $119.3M (est)Spritz Technology, Inc. (this company) Raised $2.8M · modeled $3.4M (est)Spritz Technology, Inc.
CompanyStageRaised · realValue · estvs peer med.
Gigajot Technology, Inc.Seed$4.0M$136.3M2.00×
Newman Cloud, Inc.Seed$4.0M$136.3M2.00×
Digital Sandbox, Inc.Seed$4.0M$136.3M2.00×
Vetica Labs, Inc.Seed$4.6M$136.3M2.00×
Privacy Labs, Inc.Seed$4.0M$136.3M2.00×
GoCo.IO, Inc.Seed$5.8M$135.2M1.98×
Risk LabsSeed$3.9M$132.9M1.95×
Eventador Labs, Inc.Seed$3.9M$131.9M1.94×
Pillar Technologies, Inc.Seed$3.7M$126.0M1.85×
VIIAD Systems, LLCSeed$3.7M$124.9M1.83×
Cambridge Technologies LLCSeed$3.5M$119.3M1.75×
LightRiver Software, Inc.Seed$3.5M$119.3M1.75×
Spritz Technology, Inc. this companySeed$2.8M$3.4M0.05×
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$2.0M2014-02-24$10.0M$68.1M85%
Seed$735K2015-07-23$3.7M$25.0M85%
Seed$100K2016-10-05$500K$3.4M90%
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$2.0M2014-02-24
    • First recorded raise — entered as Seed.
    • 1 investor on this round.
  2. Seed$735K2015-07-23
    • Raised 17 mo later, in step with the ~13 mo sector norm.
    • Round 2.7× smaller than the prior — bridge or down round.
    • 11 investors on this round.
  3. Seed$100K2016-10-05
    • Raised 14 mo later, in step with the ~13 mo sector norm.
    • Round 7.4× smaller than the prior — bridge or down round.
    • 2 investors on this round.
Intelligence
2018 ~Q1
Modeled next raise · ~16mo cadence
$100K
Modeled next size est.range $100K$160K
0.1×
Last step-up
$1.1M/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
Bradford C Bond2 other2016-10
Francis Waldman2014-02
Gordon C. Van Der Brug2016-10
James C. Locke2016-10
Maik Maurer2014-02
Marcy Simon2015-07
Registry & provenance

Spritz Technology, 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
1602070
SEC CIK
2012
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
Formulate Labs, Inc.Software / TechSeed$2.8M$4.4Msame sector · same stage
Medicom Digital, Inc.Software / TechSeed$2.9M$3.6Msame sector · same stage
Lightcone Labs Inc.Software / TechSeed$2.8M$5.1Msame sector · same stage
NanoPattern Technologies, Inc.Software / TechSeed$2.9M$3.9Msame sector · same stage
Skydex Technologies IncSoftware / TechSeed$2.7M$4.0Msame sector · same stage
PureVita Labs, LLCSoftware / TechSeed$2.7M$2.7Msame sector · same stage
NFANT Labs, LLCSoftware / TechSeed$3.0M$3.5Msame sector · same stage
Storyraise Technology Inc.Software / TechSeed$3.0M$4.7Msame 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
SPIDR Tech Inc.Software / TechSeed$22.1M85%
Spektrum Labs, Inc.Software / TechSeries A$27.8M84%
Letz Technologies LLCSoftware / TechPre-Seed$2.0M84%
Feliz Labs Inc.Software / TechSeries A$68.4M83%
SPeerz, Inc.Other TechnologyPre-Seed$6.6M83%
Osmnez Technologies Inc.Software / TechSeries A$166.4M83%
Yardz Technologies, Inc.Software / TechPre-Seed$5.6M82%
Sprout Labs, Inc.Software / TechSeed$454K82%
Frequently asked
How much funding has Spritz Technology, Inc. raised?
Spritz Technology, Inc. has raised approximately $2.8M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Spritz Technology, Inc.'s estimated valuation?
Provath's modeled valuation for Spritz Technology, Inc. is approximately $3.4M (modeled range $88K–$26.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Spritz Technology, Inc. at?
Spritz Technology, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Wed Oct 05.
What does Spritz Technology, Inc. do and where is it based?
Spritz Technology, Inc. operates in the Software / Tech sector, based in SALT LAKE CITY.
Explore related

See where Spritz Technology, 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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