Companies · Other

Squan Holding Corp.

NEW CANAAN · Other

Diligence memoA one-page analyst read on Squan Holding Corp. — recommendation, valuation, rhythm, risks.
$29.1M
Total raised · real
4
Rounds
0.8×
Latest step-up
Top 12%
Sector rank · raised
Series B
Latest stage · inferred · Wed Nov 25 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Squan Holding Corp. 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.

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 0.20× the median modeled value of Series B Other companies in 2019–2021 (371 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.6 yr ago; this sector typically re-raises about every 11 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

Squan Holding Corp. 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
11.7 yr record
Peak capital year was 2014 with $20.2M across 1 filings.
Market position
ahead of 89% of Other peers
Capital scale is ahead of 89% of Other peers; modeled value is above 74% 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Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.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
  • Legal name looks like an issuer vehicle rather than a product company.
  • Sector is still broad/Other, so operating comparables are weak.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2014: $20.2M across 1 filings.
  • Largest single filing was $20.2M on 2014-10-10.
  • Filing rows sum to $32.0M, while canonical raised total is $29.1M; 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

Squan Holding Corp. is one of 25008 Other companies tracked from NEW CANAAN. By capital raised it ranks in the upper tier (ahead of 89% 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
3
Investors (latest)
2020-11-25
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$125M$250M$375M$500MSeries B · 2014-10-10 Raised $20M (real) Modeled valuation $336M (est)$20M$336MSeries B2014Series B · 2015-02-23 Raised $100K (real) Modeled valuation $1.7M (est)$100K$1.7MSeries B2015Series B · 2015-12-31 Raised $2.9M (real) Modeled valuation $48M (est)$2.9M$48MSeries B2015Series B · 2017-07-12 Raised $4.8M (real) Modeled valuation $80M (est)$4.8M$80MSeries B2017Series B · 2020-11-25 Raised $4.0M (real) Modeled valuation $60M (est)$4.0M$60MSeries B2020+$100K+$2.9M+$4.8M+$4.0MCumulative $32M

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$20.2M · 2014
Series B extension$100K · 2015
Series B extension$2.9M · 2015
Series B extension$4.8M · 2017
Series B extension$4.0M · 2020

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
$60.2M
Base estimate est.
$10.0M
Conservative case
$214.3M
Upside case
$22.2M
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. Directional, not a quoted figure.

Series B · modeled $335.6M · 2014-10-102014Series B · modeled $1.7M · 2015-02-23Series B · modeled $47.7M · 2015-12-31Series B · modeled $79.8M · 2017-07-12Series B · modeled $60.2M · 2020-11-252020
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
45% low · 83% high
1.28×/yr
Annual markup
1.55×/yr upside case
5.6 yr
Elapsed time used
5.6 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
18 mo
Avg between rounds
$4.7M/yr
Capital velocity
11.7 yr
On record since
2014
First round
5
Rounds on file
How it compares to the market

Benchmarked against 25008 companies in Other. 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) 14× above median
This company$29.1M
Sector median$2.0M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.2× of median
This company$4.0M
Sector median$19.6M
Modeled value — vs sector median (estimate, all stages) 3.4× above median
This company$60.2M
Sector median$17.7M

Raised more than 89% of sector peers (real $). Modeled value above 74% 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 #337 of 371.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)MStar Holding Corp · Series B Raised $67.6M · modeled $645.3M (est)Chlorum Solutions Llc · Series B Raised $39.7M · modeled $626.8M (est)IFS Management Holdco, LLC · Series B Raised $37.5M · modeled $623.8M (est)Benefit Recovery Group, LLC · Series B Raised $40.0M · modeled $618.0M (est)Shenandoah Growers, Inc. · Series B Raised $74.2M · modeled $613.0M (est)Zmco Llc · Series B Raised $40.0M · modeled $610.1M (est)PathStream, Inc. · Series B Raised $38.8M · modeled $601.9M (est)MXY Holdings, LLC · Series B Raised $49.9M · modeled $597.0M (est)Ryzac, Inc. · Series B Raised $42.5M · modeled $593.9M (est)Plouton Datacenter I, Inc. · Series B Raised $35.3M · modeled $586.5M (est)Es Ei Llc · Series B Raised $35.3M · modeled $585.7M (est)Factor Law, Inc. · Series B Raised $36.3M · modeled $569.9M (est)Squan Holding Corp. (this company) Raised $29.1M · modeled $60.2M (est)Squan Holding Corp.
CompanyStageRaised · realValue · estvs peer med.
MStar Holding CorpSeries B$67.6M$645.3M2.16×
Chlorum Solutions LlcSeries B$39.7M$626.8M2.10×
IFS Management Holdco, LLCSeries B$37.5M$623.8M2.09×
Benefit Recovery Group, LLCSeries B$40.0M$618.0M2.07×
Shenandoah Growers, Inc.Series B$74.2M$613.0M2.05×
Zmco LlcSeries B$40.0M$610.1M2.04×
PathStream, Inc.Series B$38.8M$601.9M2.01×
MXY Holdings, LLCSeries B$49.9M$597.0M2.00×
Ryzac, Inc.Series B$42.5M$593.9M1.99×
Plouton Datacenter I, Inc.Series B$35.3M$586.5M1.96×
Es Ei LlcSeries B$35.3M$585.7M1.96×
Factor Law, Inc.Series B$36.3M$569.9M1.91×
Squan Holding Corp. this companySeries B$29.1M$60.2M0.20×
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$20.2M2014-10-10$112.2M$335.6M85%
Series B$100K2015-02-23$556K$1.7M85%
Series B$2.9M2015-12-31$16.0M$47.7M85%
Series B$4.8M2017-07-12$26.7M$79.8M90%
Series B$4.0M2020-11-25$22.2M$60.2M90%
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 B$20.2M2014-10-10
    • First recorded raise — entered as Series B.
    • 5 investors on this round.
  2. Series B$100K2015-02-23
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 202.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  3. Series B$2.9M2015-12-31
    • Raised 10 mo later, in step with the ~11 mo sector norm.
    • Round 28.7× larger than the prior — scaling up.
    • 1 investor on this round.
  4. Series B$4.8M2017-07-12
    • Raised again after 18 mo — slower than the ~11 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
    • 2 investors on this round.
  5. Series B$4.0M2020-11-25
    • Raised again after 40 mo — slower than the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
Intelligence
2022 ~Q2
Modeled next raise · ~18mo cadence
$4.0M
Modeled next size est.range $4.0M$6.4M
0.8×
Last step-up
$4.7M/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
PAUL PETER SCHILPP2 other2014-10
R. PETER REITER, JR.2 other2014-10
Duane W. Albro1 other2017-07
DUANE PETER ALBRO2020-11
EDWIN J. BURKE2014-10
EDWIN PETER BURKE2020-11
GLENN PETER WEBER2020-11
JOHN J. CELENTANO, JR.2014-10
KEVIN J. FRERICH2014-10
LEIGHTON A. CARROLL2015-02
MICHAEL A. KIMIEC2015-02
Registry & provenance

Squan Holding Corp. 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
1623242
SEC CIK
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
3 Bridge Holding Corp.OtherSeries B$30.5M$3.3Mnetwork2 shared operators · same sector · same stage
Global Ifs Holdings Inc.OtherSeries B$21.2M$352.4Mnetwork1 shared operator · same sector · same stage
BSB-Brown Sugar Bourbon LLCOtherSeries B$29.9M$57.6Msame sector · same stage
Better Place Forests Co.OtherSeries B$28.1M$61.3Msame sector · same stage
Brand Affinity Technologies IncOtherSeries B$30.7M$57.4Msame sector · same stage
Petnet, Inc.OtherSeries B$27.1M$62.3Msame sector · same stage
Savvy Source For Parents, Inc.OtherSeries B$32.0M$60.3Msame sector · same stage
Nebula, Inc.OtherSeries B$25.9M$58.2Msame 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
Inshur Holding Corp.OtherSeries A$86.9M80%
LSI Holding Company, LLCOtherSeries B$229.3M80%
SG AL Holdings, LLCOtherSeries B$413.8M80%
SG DAN Holdings LLCOtherSeries A$213.0M80%
PSG HoldCo, Inc.OtherGrowth/Late$5.1B80%
SG DSG Holdings LLCOtherSeries B$346.1M79%
Kaya Holding CorpOtherSeed$2.8M79%
STO Holding Company, LLCOtherSeries B$140.7M79%
Frequently asked
How much funding has Squan Holding Corp. raised?
Squan Holding Corp. has raised approximately $29.1M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Squan Holding Corp.'s estimated valuation?
Provath's modeled valuation for Squan Holding Corp. is approximately $60.2M (modeled range $10.0M–$214.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Squan Holding Corp. at?
Squan Holding Corp.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Nov 25.
What does Squan Holding Corp. do and where is it based?
Squan Holding Corp. operates in the Other sector, based in NEW CANAAN.
Explore related

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

Is this your company?

If you work at Squan Holding Corp., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.