Companies · SaaS / Software

Submittable Holdings, Inc.Summer 2012Active

MISSOULA · MT, USA · SaaS / Software · refined from filed group “Other Technology · founded 2012 · https://www.submittable.com/

Diligence memoA one-page analyst read on Submittable Holdings, Inc. — recommendation, valuation, rhythm, risks.
$150.4M
Total raised · real
4
Rounds
1.9×
Latest step-up
Top 2%
Sector rank · raised
Series C
Latest stage · inferred · Wed Aug 07 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Submittable Holdings, Inc. has raised $150M over 4 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. Valuation uses the saas sector profile.

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

Active
  • Last raise 23 mo ago; this sector typically re-raises about every 22 months.
  • Raising on or ahead of the sector's normal rhythm.

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

Issuer-vehicle patternmedium confidence

Submittable 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
10.7 yr record
Peak capital year was 2024 with $91.5M across 1 filings.
Market position
ahead of 99% of SaaS / Software peers
Capital scale is ahead of 99% of SaaS / Software peers; modeled value is above 98% 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
Some evidence
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
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.
  • Capital program peaked in 2024: $91.5M across 1 filings.
  • Largest single filing was $91.5M on 2024-08-07.
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.
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 SaaS / Software

Submittable Holdings, Inc. is one of 381 SaaS / Software companies tracked from MISSOULA, MT, USA, on record since 2012. By capital raised it ranks among the largest (ahead of 99% 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.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

The best way to launch, manage and measure social impact programs

Submittable is a growing social impact platform used by thousands of companies, governments, and philanthropic organizations to manage their social impact programs and maximize their impact. Submittable has helped big and small organizations worldwide run 134,000 programs and collect nearly 22 million applications to date, and is backed by Accel-KKR, Next Coast Ventures, True Ventures, Next Frontier Capital, StepStone Group and a few other amazing investors.

SaaSB2B
Find Submittable Holdings, Inc. online

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
30
Investors (latest)
2024-08-07
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 A · 2015-11-05 Raised $10M (real) Modeled valuation $326M (est)$10M$326MSeries A2015Series A · 2015-11-20 Raised $1.2M (real) Modeled valuation $38M (est)$1.2M$38MSeries A2015Series C · 2022-06-10 Raised $47M (real) Modeled valuation $908M (est)$47M$908MSeries C2022Series C · 2024-08-07 Raised $91M (real) Modeled valuation $875M (est)$91M$875MSeries C2024+$1.2M+$47M+$91MCumulative $150M

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 A$10.3M · 2015
Series A extension$1.2M · 2015
Series C$47.4M · 2022no Series B on file
Series C extension$91.5M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 40%.

Modeled valuation trajectory
$875.3M
Base estimate est.
$353.6M
Conservative case
$1.3B
Upside case
$609.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the saas sector profile. Directional, not a quoted figure.

Series A · modeled $326.1M · 2015-11-052015Series A · modeled $37.8M · 2015-11-20Series C · modeled $907.9M · 2022-06-10Series C · modeled $875.3M · 2024-08-072024
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
78%
Survival probability
58% low · 90% high
1.38×/yr
Annual markup
1.58×/yr upside case
1.9 yr
Elapsed time used
1.9 yr actual, capped for stale marks
saas
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
35 mo
Avg between rounds
$17.2M/yr
Capital velocity
10.7 yr
On record since
2015
First round
4
Rounds on file
How it compares to the market

Benchmarked against 381 companies in SaaS / Software. 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) 20× above median
This company$150.4M
Sector median$7.7M
Latest round — vs other Series C rounds in sector (real $, this stage) 1.2× above median
This company$91.5M
Sector median$75.0M
Modeled value — vs sector median (estimate, all stages) 10× above median
This company$875.3M
Sector median$86.6M

Raised more than 99% of sector peers (real $). Modeled value above 98% of peers (estimate).

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 A$10.3M2015-11-05$47.0M$326.1M85%
Series A$1.2M2015-11-20$5.5M$37.8M85%
Series C$47.4M2022-06-10$316.1M$907.9M90%
Series C$91.5M2024-08-07$609.7M$875.3M90%
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 A$10.3M2015-11-05
    • First recorded raise — entered as Series A.
    • 35 investors on this round.
  2. Series A$1.2M2015-11-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 8.6× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  3. Series C$47.4M2022-06-10
    • Raised again after 79 mo — slower than the ~22 mo sector norm.
    • Round 39.5× larger than the prior — scaling up.
    • 11 investors on this round.
  4. Series C$91.5M2024-08-07
    • Raised 26 mo later, in step with the ~22 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 30 investors on this round.
Intelligence
2027 ~Q3
Modeled next raise · ~35mo cadence
$176.4M
Modeled next size est.range $114.7M$282.3M
1.9×
Last step-up
$17.2M/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
Puneet Agarwal14 other2022-06
Michael Smerklo9 other2022-06
Michael Fitzgerald7 other2015-11
David Reuter6 other2024-08
William Price5 other2022-06
Thor Culverhouse2 other2022-06
Bruce Tribbensee2015-11
Joe Porten2022-06
John Brownell2015-11
Joseph Silver2022-06
Registry & provenance

Submittable 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
1657776
SEC CIK
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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.

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Semantically similar

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Frequently asked
How much funding has Submittable Holdings, Inc. raised?
Submittable Holdings, Inc. has raised approximately $150.4M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Submittable Holdings, Inc.'s estimated valuation?
Provath's modeled valuation for Submittable Holdings, Inc. is approximately $875.3M (modeled range $353.6M–$1.3B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Submittable Holdings, Inc. at?
Submittable Holdings, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Wed Aug 07.
What does Submittable Holdings, Inc. do and where is it based?
Submittable Holdings, Inc. operates in the SaaS / Software sector, based in MISSOULA, MT, USA. The best way to launch, manage and measure social impact programs
Explore related

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