Companies · Business Services

Topcoder, Inc.

GLASTONBURY · Business Services

Diligence memoA one-page analyst read on Topcoder, Inc. — recommendation, valuation, rhythm, risks.
$22.1M
Total raised · real
2
Rounds
1.0×
Latest step-up
Top 11%
Sector rank · raised
Series A
Latest stage · inferred · Thu Jan 28 2010 00:00:00 GMT+0000 (Coordinated Universal Time)

Topcoder, Inc. looks over-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 business services sector profile.

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

Over-valued
  • Modeled value is 1.69× the median modeled value of Series A Business Services companies in 2010–2012 (41 peers) — value vs value, same stage and era.
Dormant
  • Last raise 16.4 yr ago; this sector typically re-raises about every 12 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 Business Services

Topcoder, Inc. is one of 2438 Business Services companies tracked from GLASTONBURY. By capital raised it ranks among the largest (ahead of 90% 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.

As reported in public records reported — not modeled.

US
Jurisdiction
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 A · 2010-01-28 Raised $11M (real) Modeled valuation $234M (est)$11M$234MSeries A2010Series A · 2010-01-28 Raised $11M (real) Modeled valuation $224M (est)$11M$224MSeries A2010+$11MCumulative $22M

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$11.3M · 2010
Series A extension$10.8M · 2010

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: 33%.

Modeled valuation trajectory
$234.0M
Base estimate est.
$15.7M
Conservative case
$1.3B
Upside case
$51.4M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the business services sector profile. Directional, not a quoted figure.

Series A · modeled $234.0M · 2010-01-282010Series A · modeled $223.7M · 2010-01-282010
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
56%
Survival probability
31% low · 77% high
1.42×/yr
Annual markup
1.78×/yr upside case
6.0 yr
Elapsed time used
16.4 yr actual, capped for stale marks
business services
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
16.4 yr
On record since
2010
First round
2
Rounds on file
How it compares to the market

Benchmarked against 2438 companies in Business Services. 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) 15× above median
This company$22.1M
Sector median$1.5M
Latest round — vs other Series A rounds in sector (real $, this stage) 2.1× above median
This company$10.8M
Sector median$5.2M
Modeled value — vs sector median (estimate, all stages) 16× above median
This company$234.0M
Sector median$15.1M

Raised more than 90% of sector peers (real $). Modeled value above 93% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #3 of 41.

This companyCohort peer
$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Eliassen Group, LLC · Series A Raised $14.4M · modeled $297.4M (est)Towers Watson & Co. · Series A Raised $12.3M · modeled $254.8M (est)STTG, Inc. · Series A Raised $17.1M · modeled $232.5M (est)Fountain Leasing 2010 LP · Series A Raised $11.0M · modeled $227.5M (est)TDG Acquisition Company, LLC · Series A Raised $10.0M · modeled $207.0M (est)IRI Holdings, Inc. · Series A Raised $10.0M · modeled $206.9M (est)Credibility Corp. · Series A Raised $28.0M · modeled $206.9M (est)Garda Fund I, LLC · Series A Raised $10.0M · modeled $206.9M (est)ETC Global Holdings, Inc. · Series A Raised $24.9M · modeled $182.0M (est)Coverago I Inc. · Series A Raised $8.5M · modeled $175.8M (est)Paysimple Inc · Series A Raised $12.0M · modeled $165.5M (est)Topcoder, Inc. (this company) Raised $22.1M · modeled $234.0M (est)Topcoder, Inc.
CompanyStageRaised · realValue · estvs peer med.
Eliassen Group, LLCSeries A$14.4M$297.4M2.15×
Towers Watson & Co.Series A$12.3M$254.8M1.84×
Topcoder, Inc. this companySeries A$22.1M$234.0M1.69×
STTG, Inc.Series A$17.1M$232.5M1.68×
Fountain Leasing 2010 LPSeries A$11.0M$227.5M1.64×
TDG Acquisition Company, LLCSeries A$10.0M$207.0M1.49×
IRI Holdings, Inc.Series A$10.0M$206.9M1.49×
Credibility Corp.Series A$28.0M$206.9M1.49×
Garda Fund I, LLCSeries A$10.0M$206.9M1.49×
ETC Global Holdings, Inc.Series A$24.9M$182.0M1.31×
Coverago I Inc.Series A$8.5M$175.8M1.27×
Paysimple IncSeries A$12.0M$165.5M1.19×
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$11.3M2010-01-28$51.4M$234.0M90%
Series A$10.8M2010-01-28$49.1M$223.7M90%
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$11.3M2010-01-28
    • First recorded raise — entered as Series A.
  2. Series A$10.8M2010-01-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
Intelligence
Modeled next raise
$10.8M
Modeled next size est.range $10.8M$17.3M
1.0×
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
John M. Hughes1 other2010-01
Robert M. Hughes1 other2010-01
Ira M. Heffan2010-01
Laurie M. Paternoster2010-01
Peter M. Bourdon2010-01
Registry & provenance

Topcoder, 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
1156077
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
ContactPoint, L.C.Business ServicesSeries A$22.3M$289.6Msame sector · same stage
3Gs LlcBusiness ServicesSeries A$22.4M$131.3Msame sector · same stage
GrayMeta, Inc.Business ServicesSeries A$23.5M$135.8Msame sector · same stage
Finicity Factoring Co I, LLCBusiness ServicesSeries A$24.7M$201.4Msame sector · same stage
ETC Global Holdings, Inc.Business ServicesSeries A$24.9M$182.0Msame sector · same stage
Smartprocure, Inc.Business ServicesSeries A$19.2M$62.1Msame sector · same stage
Ontuitive, Inc.Business ServicesSeries A$19.1M$127.0Msame sector · same stage
Balihoo IncBusiness ServicesSeries A$19.1M$62.1Msame sector · same stage
Frequently asked
How much funding has Topcoder, Inc. raised?
Topcoder, Inc. has raised approximately $22.1M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Topcoder, Inc.'s estimated valuation?
Provath's modeled valuation for Topcoder, Inc. is approximately $234.0M (modeled range $15.7M–$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 Topcoder, Inc. at?
Topcoder, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Jan 28.
What does Topcoder, Inc. do and where is it based?
Topcoder, Inc. operates in the Business Services sector, based in GLASTONBURY.
Explore related

See where Topcoder, 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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