Companies · Software / Tech

Trevi Systems Inc.

ROHNERT PARK · Software / Tech · refined from filed group “Other

Diligence memoA one-page analyst read on Trevi Systems Inc. — recommendation, valuation, rhythm, risks.
$35.5M
Total raised · real
7
Rounds
0.0×
Latest step-up
Top 14%
Sector rank · raised
Series A
Latest stage · inferred · Wed May 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Trevi Systems Inc. looks under-valued against its niche peers and is at-risk on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the technology 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 0.04× the median modeled value of Series A Software / Tech companies in 2022–2024 (413 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.1 yr ago; this sector typically re-raises about every 13 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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 Software / Tech

Trevi Systems Inc. is one of 3920 Software / Tech companies tracked from ROHNERT PARK. By capital raised it ranks in the upper tier (ahead of 87% 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
7
Investors (latest)
2023-05-31
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$125M$250M$375M$500MSeries A · 2014-02-19 Raised $4.3M (real) Modeled valuation $120M (est)Series A2014Series A · 2014-05-05 Raised $300K (real) Modeled valuation $8.3M (est)Series A2014Seed · 2014-07-16 Raised $3.8M (real) Modeled valuation $130M (est)Seed2014Seed · 2014-07-16 Raised $2.3M (real) Modeled valuation $79M (est)Seed2014Series A · 2014-07-16 Raised $4.0M (real) Modeled valuation $112M (est)Series A2014Seed · 2014-07-16 Raised $3.8M (real) Modeled valuation $130M (est)Seed2014Series A · 2014-07-16 Raised $5.4M (real) Modeled valuation $150M (est)Series A2014Series A · 2016-07-01 Raised $4.1M (real) Modeled valuation $114M (est)Series A2016Series A · 2017-08-25 Raised $11M (real) Modeled valuation $300M (est)Series A2017Series A · 2021-07-30 Raised $10M (real) Modeled valuation $184M (est)Series A2021Series A · 2023-05-31 Raised $265K (real) Modeled valuation $2.3M (est)Series A2023Cumulative $49M

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$4.3M · 2014
Series A extension$300K · 2014
Bridge · Series A-stage$3.8M · 2014smaller follow-on
Bridge · Series A-stage$2.3M · 2014smaller follow-on
Series A extension$4.0M · 2014
Bridge · Series A-stage$3.8M · 2014smaller follow-on
Series A extension$5.4M · 2014
Series A extension$4.1M · 2016
Series A extension$10.8M · 2017
Series A extension$10.3M · 2021
Series A extension$265K · 2023

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$2.3M
Base estimate est.
$354K
Conservative case
$6.3M
Upside case
$1.2M
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 technology sector profile. Directional, not a quoted figure.

Series A · modeled $119.9M · 2014-02-192014Series A · modeled $8.3M · 2014-05-05Seed · modeled $130.3M · 2014-07-16Seed · modeled $79.0M · 2014-07-16Series A · modeled $111.6M · 2014-07-16Seed · modeled $130.3M · 2014-07-16Series A · modeled $149.8M · 2014-07-16Series A · modeled $113.7M · 2016-07-01Series A · modeled $299.9M · 2017-08-25Series A · modeled $184.4M · 2021-07-30Series A · modeled $2.3M · 2023-05-312023
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
54%
Survival probability
29% low · 74% high
1.50×/yr
Annual markup
1.89×/yr upside case
3.1 yr
Elapsed time used
3.1 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$3.8M/yr
Capital velocity
12.4 yr
On record since
2014
First round
11
Rounds on file
How it compares to the market

Benchmarked against 3920 companies in Software / Tech. 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) 7.7× above median
This company$35.5M
Sector median$4.6M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.0× of median
This company$265K
Sector median$5.6M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$2.3M
Sector median$36.6M

Raised more than 87% of sector peers (real $). Modeled value above 9% 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 #410 of 413.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Solidblock Holdings LLC Detox Digital Series · Series A Raised $15.0M · modeled $210.2M (est)inFeedo Tech Inc. · Series A Raised $14.3M · modeled $205.9M (est)Red Leader Technologies, Inc. · Series A Raised $13.8M · modeled $202.0M (est)Mocha Technologies Inc. · Series A Raised $13.4M · modeled $200.7M (est)Isometric Technologies Inc. · Series A Raised $15.0M · modeled $193.3M (est)Carbon6 Technologies, Inc. · Series A Raised $15.9M · modeled $188.0M (est)Grin Technology Services, Inc. · Series A Raised $14.7M · modeled $180.7M (est)Nucleated Foam Technologies, Inc. · Series A Raised $12.5M · modeled $174.2M (est)Primer Labs Inc. · Series A Raised $12.9M · modeled $169.4M (est)Triumph Labs, Inc. · Series A Raised $12.1M · modeled $165.0M (est)Thred Technologies, Inc. · Series A Raised $14.9M · modeled $160.1M (est)MetaStreet Labs, Inc. · Series A Raised $26.2M · modeled $157.4M (est)Trevi Systems Inc. (this company) Raised $35.5M · modeled $2.3M (est)Trevi Systems Inc.
CompanyStageRaised · realValue · estvs peer med.
Solidblock Holdings LLC Detox Digital SeriesSeries A$15.0M$210.2M4.16×
inFeedo Tech Inc.Series A$14.3M$205.9M4.08×
Red Leader Technologies, Inc.Series A$13.8M$202.0M4.00×
Mocha Technologies Inc.Series A$13.4M$200.7M3.98×
Isometric Technologies Inc.Series A$15.0M$193.3M3.83×
Carbon6 Technologies, Inc.Series A$15.9M$188.0M3.72×
Grin Technology Services, Inc.Series A$14.7M$180.7M3.58×
Nucleated Foam Technologies, Inc.Series A$12.5M$174.2M3.45×
Primer Labs Inc.Series A$12.9M$169.4M3.36×
Triumph Labs, Inc.Series A$12.1M$165.0M3.27×
Thred Technologies, Inc.Series A$14.9M$160.1M3.17×
MetaStreet Labs, Inc.Series A$26.2M$157.4M3.12×
Trevi Systems Inc. this companySeries A$35.5M$2.3M0.04×
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$4.3M2014-02-19$19.6M$119.9M85%
Series A$300K2014-05-05$1.4M$8.3M85%
Seed$3.8M2014-07-16$19.1M$130.3M85%
Seed$2.3M2014-07-16$11.6M$79.0M85%
Series A$4.0M2014-07-16$18.3M$111.6M85%
Seed$3.8M2014-07-16$19.1M$130.3M85%
Series A$5.4M2014-07-16$24.5M$149.8M85%
Series A$4.1M2016-07-01$18.6M$113.7M85%
Series A$10.8M2017-08-25$49.1M$299.9M90%
Series A$10.3M2021-07-30$46.8M$184.4M90%
Series A$265K2023-05-31$1.2M$2.3M90%
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$4.3M2014-02-19
    • First recorded raise — entered as Series A.
    • 25 investors on this round.
  2. Series A$300K2014-05-05
    • Came back fast: 2 mo vs the ~13 mo sector norm.
    • Round 14.4× smaller than the prior — bridge or down round.
    • Revenue band moved $1M–$5M → $5M–$25M.
    • 2 investors on this round.
  3. Seed$3.8M2014-07-16
    • Came back fast: 2 mo vs the ~13 mo sector norm.
    • Round 12.7× larger than the prior — scaling up.
    • 23 investors on this round.
  4. Seed$2.3M2014-07-16
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  5. Series A$4.0M2014-07-16
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.7× larger than the prior — scaling up.
    • 25 investors on this round.
  6. Seed$3.8M2014-07-16
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 23 investors on this round.
  7. Series A$5.4M2014-07-16
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× larger than the prior — scaling up.
    • 42 investors on this round.
  8. Series A$4.1M2016-07-01
    • Raised again after 24 mo — slower than the ~13 mo sector norm.
    • Round 1.3× smaller than the prior — bridge or down round.
    • Switched to Rule 506(c) (was Rule 506(b)).
  9. Series A$10.8M2017-08-25
    • Raised 14 mo later, in step with the ~13 mo sector norm.
    • Round 2.6× larger than the prior — scaling up.
  10. Series A$10.3M2021-07-30
    • Raised again after 47 mo — slower than the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(b) (was Rule 506(c)).
    • 25 investors on this round.
  11. Series A$265K2023-05-31
    • Raised again after 22 mo — slower than the ~13 mo sector norm.
    • Round 38.8× smaller than the prior — bridge or down round.
    • 7 investors on this round.
Intelligence
2024 ~Q2
Modeled next raise · ~11mo cadence
$265K
Modeled next size est.range $265K$424K
0.0×
Last step-up
$3.8M/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
Laird Cagan3 other2014-07
John Webley2 other2014-02
Donald Green2014-02
Gary Carmignani2014-02
Karen Godfrey2016-07
Michelle Kim2023-05
Rebecca Green2021-07
Thomas Birdsall2014-02
Tom Birdsall2016-07
Yoshikazu Shiotani2023-05
Registry & provenance

Trevi Systems 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
1510171
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.

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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
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Auvi Labs, Inc.Software / TechPre-Seed$533K84%
Mavi.io, Inc.Software / TechSeed$5.4M83%
Carevive Systems, Inc.Software / TechSeries A$414.9M82%
Trellis Software, Inc.Software / TechSeed$31.5M81%
NAVIX.IO Inc.Software / TechSeries A$35.1M81%
Cognovi Labs, Inc.Software / TechSeries A$46.4M81%
Rtac System, Inc.Software / TechPre-Seed$563K80%
Frequently asked
How much funding has Trevi Systems Inc. raised?
Trevi Systems Inc. has raised approximately $35.5M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Trevi Systems Inc.'s estimated valuation?
Provath's modeled valuation for Trevi Systems Inc. is approximately $2.3M (modeled range $354K–$6.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Trevi Systems Inc. at?
Trevi Systems Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Wed May 31.
What does Trevi Systems Inc. do and where is it based?
Trevi Systems Inc. operates in the Software / Tech sector, based in ROHNERT PARK.
Explore related

See where Trevi Systems 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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