Companies · Telecommunications

Terawave, LLC

NAPLES · Telecommunications

Diligence memoA one-page analyst read on Terawave, LLC — recommendation, valuation, rhythm, risks.
$39.4M
Total raised · real
3
Rounds
0.0×
Latest step-up
Top 16%
Sector rank · raised
Series B
Latest stage · inferred · Tue Dec 31 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Terawave, LLC looks under-valued against its niche peers and is quiet on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the telecom 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 0.03× the median modeled value of Series B Telecommunications companies in 2022–2024 (21 peers) — value vs value, same stage and era.
Quiet
  • Last raise 18 mo ago; this sector typically re-raises about every 10 months.
  • Slightly overdue versus sector 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

Terawave, LLC 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
1.7 yr record
Peak capital year was 2024 with $44.4M across 4 filings.
Market position
ahead of 85% of Telecommunications peers
Capital scale is ahead of 85% of Telecommunications peers; modeled value is above 11% 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Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.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 2024: $44.4M across 4 filings.
  • Largest single filing was $30.0M on 2024-12-20.
  • Filing rows sum to $44.4M, while canonical raised total is $39.4M; 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.
  • 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 Telecommunications

Terawave, LLC is one of 929 Telecommunications companies tracked from NAPLES. By capital raised it ranks in the upper tier (ahead of 85% 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
3
Investors (latest)
2024-12-31
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$50M$100M$150M$200MSeries A · 2024-10-05 Raised $8.8M (real) Modeled valuation $38M (est)$8.8M$38MSeries A2024Series A · 2024-10-05 Raised $5.0M (real) Modeled valuation $21M (est)$5.0M$21MSeries A2024Series B · 2024-12-20 Raised $30M (real) Modeled valuation $168M (est)$30M$168MSeries B2024Series B · 2024-12-31 Raised $689K (real) Modeled valuation $3.8M (est)$689K$3.8MSeries B2024+$5.0M+$30M+$689KCumulative $44M

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$8.8M · 2024
Series A extension$5.0M · 2024
Series B$30.0M · 2024
Series B extension$689K · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, 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
$3.8M
Base estimate est.
$1.7M
Conservative case
$6.2M
Upside case
$3.8M
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 telecom sector profile. Directional, not a quoted figure.

Series A · modeled $37.6M · 2024-10-052024Series A · modeled $21.5M · 2024-10-05Series B · modeled $167.7M · 2024-12-20Series B · modeled $3.8M · 2024-12-312024
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
66%
Survival probability
44% low · 81% high
1.32×/yr
Annual markup
1.60×/yr upside case
1.5 yr
Elapsed time used
1.5 yr actual, capped for stale marks
telecom
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
1 mo
Avg between rounds
Capital velocity
1.7 yr
On record since
2024
First round
4
Rounds on file
How it compares to the market

Benchmarked against 929 companies in Telecommunications. 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) 10.0× above median
This company$39.4M
Sector median$4.0M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.0× of median
This company$689K
Sector median$17.5M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$3.8M
Sector median$28.3M

Raised more than 85% of sector peers (real $). Modeled value above 11% 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 #21 of 21.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Atento S.A. · Series B Raised $39.6M · modeled $368.1M (est)Towerthree Wireless del Ecuador S.A. · Series B Raised $25.0M · modeled $281.2M (est)Canela Media Inc · Series B Raised $20.4M · modeled $255.0M (est)ResultsCX Cayman Private Ltd · Series B Raised $22.9M · modeled $241.8M (est)BlueNet Technologies Inc. · Series B Raised $36.3M · modeled $216.7M (est)AccessParks Holdings, LLC · Series B Raised $29.2M · modeled $216.6M (est)Private Tech Inc. · Series B Raised $21.4M · modeled $184.5M (est)VoltServer Inc. · Series B Raised $38.9M · modeled $158.4M (est)Circet US Management II LLC · Series B Raised $15.5M · modeled $145.5M (est)Sonim Technologies Inc · Series B Raised $69.5M · modeled $137.1M (est)Guerrilla RF, Inc. · Series B Raised $51.9M · modeled $136.4M (est)Searchlight TYP Holdco, LLC · Series B Raised $43.3M · modeled $124.2M (est)Terawave, LLC (this company) Raised $39.4M · modeled $3.8M (est)Terawave, LLC
CompanyStageRaised · realValue · estvs peer med.
Atento S.A.Series B$39.6M$368.1M2.70×
Towerthree Wireless del Ecuador S.A.Series B$25.0M$281.2M2.06×
Canela Media IncSeries B$20.4M$255.0M1.87×
ResultsCX Cayman Private LtdSeries B$22.9M$241.8M1.77×
BlueNet Technologies Inc.Series B$36.3M$216.7M1.59×
AccessParks Holdings, LLCSeries B$29.2M$216.6M1.59×
Private Tech Inc.Series B$21.4M$184.5M1.35×
VoltServer Inc.Series B$38.9M$158.4M1.16×
Circet US Management II LLCSeries B$15.5M$145.5M1.07×
Sonim Technologies IncSeries B$69.5M$137.1M1.01×
Guerrilla RF, Inc.Series B$51.9M$136.4M1.00×
Searchlight TYP Holdco, LLCSeries B$43.3M$124.2M0.91×
Terawave, LLC this companySeries B$39.4M$3.8M0.03×
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$8.8M2024-10-05$39.8M$37.6M90%
Series A$5.0M2024-10-05$22.7M$21.5M90%
Series B$30.0M2024-12-20$166.7M$167.7M90%
Series B$689K2024-12-31$3.8M$3.8M90%
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. Series A$8.8M2024-10-05
    • First recorded raise — entered as Series A.
    • 15 investors on this round.
  2. Series A$5.0M2024-10-05
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.8× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  3. Series B$30.0M2024-12-20
    • Came back fast: 2 mo vs the ~10 mo sector norm.
    • Round 6.0× larger than the prior — scaling up.
    • 1 investor on this round.
  4. Series B$689K2024-12-31
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 43.5× smaller than the prior — bridge or down round.
    • 3 investors on this round.
Intelligence
2025 ~Q1
Modeled next raise · ~1mo cadence
$689K
Modeled next size est.range $689K$1.1M
0.0×
Last step-up
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
Alvie Smith2024-10
Ulrich Altvater2024-10
Registry & provenance

Terawave, LLC 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
2050734
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
Iris Mobile CorpTelecommunicationsSeries B$37.1M$21.9Msame sector · same stage
Opanga Networks, Inc.TelecommunicationsSeries B$44.8M$1.0Msame sector · same stage
Tpt Global Tech, Inc.TelecommunicationsSeries B$32.1M$6.4Msame sector · same stage
Phenix Real Time Solutions, Inc.TelecommunicationsSeries B$60.4M$21.7Msame sector · same stage
AmpliTech Group, Inc.TelecommunicationsSeries B$24.5M$7.6Msame sector · same stage
AURA Network Systems, Inc.TelecommunicationsSeries B$106.8M$18.8Msame sector · same stage
Gc Holdings IncTelecommunicationsSeries A$43.3M$8.8Msame sector
Fonality IncTelecommunicationsSeries A$28.6M$10.5Msame sector
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
Truconnect, LlcTelecommunicationsSeries A$18.0M82%
TeleCalm, Inc.TelecommunicationsPre-Seed$7.6M79%
Tilson Technology Management, Inc.TelecommunicationsSeed$75.4M79%
CTH Partners, LLCTelecommunicationsPre-Seed$24.1M79%
CellTrust CorpTelecommunicationsSeries A$40.6M79%
HomeWAV, LLCTelecommunicationsPre-Seed$7.3M79%
Jive Communications, Inc.TelecommunicationsSeries B$62.5M79%
Vanu, Inc.TelecommunicationsSeries B$31.6M79%
Frequently asked
How much funding has Terawave, LLC raised?
Terawave, LLC has raised approximately $39.4M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Terawave, LLC's estimated valuation?
Provath's modeled valuation for Terawave, LLC is approximately $3.8M (modeled range $1.7M–$6.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Terawave, LLC at?
Terawave, LLC's latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Dec 31.
What does Terawave, LLC do and where is it based?
Terawave, LLC operates in the Telecommunications sector, based in NAPLES.
Explore related

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

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