Diligence memo · auto-generated · as of July 2, 2026
Topcoder, Inc.
Topcoder, Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Topcoder, Inc. operates in Business Services, based in GLASTONBURY.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Topcoder, Inc. has raised $22M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $11M on 2010-01-28.
Most recent recorded round closed around 2010-01-28.
Valuation (modeled)modeled
Provath models Topcoder, Inc. at approximately $234M (range $16M–$1.3B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
Last raise 16.4 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round was 1.0× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 90% of Business Services peers (2439 compared).
Modeled value ranks above 93% of those peers.
Closest niche peers: Eliassen Group, LLC, Towers Watson & Co., STTG, Inc., Fountain Leasing 2010 LP, TDG Acquisition Company, LLC.
Peoplefiled
5 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.