Companies · Other

TrustToken, Inc.

SAN FRANCISCO · Other

Diligence memoA one-page analyst read on TrustToken, Inc. — recommendation, valuation, rhythm, risks.
$30.3M
Total raised · real
2
Rounds
0.1×
Latest step-up
Top 11%
Sector rank · raised
Series B
Latest stage · inferred · Wed Jul 18 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

TrustToken, Inc. looks under-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.

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 0.20× the median modeled value of Series B Other companies in 2016–2018 (298 peers) — value vs value, same stage and era.
Dormant
  • Last raise 8.0 yr ago; this sector typically re-raises about every 11 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 Other

TrustToken, Inc. is one of 25008 Other companies tracked from SAN FRANCISCO. By capital raised it ranks among the largest (ahead of 90% of sector peers), and in the upper tier 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(c)
Reg D exemption
516
Investors (latest)
2017
Year incorporated
2018-07-18
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 B · 2017-11-29 Raised $23M (real) Modeled valuation $380M (est)$23M$380MSeries B2017Series B · 2017-11-29 Raised $26M (real) Modeled valuation $439M (est)$26M$439MSeries B2017Series B · 2018-07-18 Raised $3.9M (real) Modeled valuation $65M (est)$3.9M$65MSeries B2018+$26M+$3.9MCumulative $53M

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 B$22.9M · 2017
Series B extension$26.4M · 2017
Series B extension$3.9M · 2018

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$65.4M
Base estimate est.
$9.8M
Conservative case
$251.6M
Upside case
$21.9M
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. Directional, not a quoted figure.

Series B · modeled $380.2M · 2017-11-292017Series B · modeled $438.7M · 2017-11-29Series B · modeled $65.4M · 2018-07-182018
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
45% low · 83% high
1.28×/yr
Annual markup
1.55×/yr upside case
6.0 yr
Elapsed time used
8.0 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
4 mo
Avg between rounds
$48.0M/yr
Capital velocity
8.6 yr
On record since
2017
First round
3
Rounds on file
How it compares to the market

Benchmarked against 25008 companies in Other. 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$30.3M
Sector median$2.0M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.2× of median
This company$3.9M
Sector median$19.6M
Modeled value — vs sector median (estimate, all stages) 3.7× above median
This company$65.4M
Sector median$17.7M

Raised more than 90% of sector peers (real $). Modeled value above 76% 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 #259 of 298.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)EIP Investment Holdings, LLC · Series B Raised $40.0M · modeled $664.6M (est)HD MSouth Holdings, LLC · Series B Raised $39.7M · modeled $659.3M (est)Aston Holding Corp. · Series B Raised $39.6M · modeled $658.7M (est)AirClean Holdings, Inc. · Series B Raised $39.6M · modeled $658.2M (est)Westminster Virginia LP · Series B Raised $39.6M · modeled $657.9M (est)NextGen CCM, LLC · Series B Raised $39.5M · modeled $656.3M (est)Juvo Mobile Inc. · Series B Raised $44.4M · modeled $649.6M (est)Swordfish Holdings, L.P. · Series B Raised $58.7M · modeled $641.7M (est)Nexcore Holdings, LLC · Series B Raised $48.5M · modeled $637.1M (est)Champion Parent Corp · Series B Raised $37.7M · modeled $627.2M (est)ADT Investment LLC · Series B Raised $37.5M · modeled $623.2M (est)Marolina Outdoor Inc · Series B Raised $47.1M · modeled $623.1M (est)TrustToken, Inc. (this company) Raised $30.3M · modeled $65.4M (est)TrustToken, Inc.
CompanyStageRaised · realValue · estvs peer med.
EIP Investment Holdings, LLCSeries B$40.0M$664.6M2.00×
HD MSouth Holdings, LLCSeries B$39.7M$659.3M1.98×
Aston Holding Corp.Series B$39.6M$658.7M1.98×
AirClean Holdings, Inc.Series B$39.6M$658.2M1.98×
Westminster Virginia LPSeries B$39.6M$657.9M1.98×
NextGen CCM, LLCSeries B$39.5M$656.3M1.97×
Juvo Mobile Inc.Series B$44.4M$649.6M1.95×
Swordfish Holdings, L.P.Series B$58.7M$641.7M1.93×
Nexcore Holdings, LLCSeries B$48.5M$637.1M1.92×
Champion Parent CorpSeries B$37.7M$627.2M1.89×
ADT Investment LLCSeries B$37.5M$623.2M1.88×
Marolina Outdoor IncSeries B$47.1M$623.1M1.87×
TrustToken, Inc. this companySeries B$30.3M$65.4M0.20×
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 B$22.9M2017-11-29$127.1M$380.2M90%
Series B$26.4M2017-11-29$146.7M$438.7M90%
Series B$3.9M2018-07-18$21.9M$65.4M90%
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 B$22.9M2017-11-29
    • First recorded raise — entered as Series B.
    • 97 investors on this round.
  2. Series B$26.4M2017-11-29
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 119 investors on this round.
  3. Series B$3.9M2018-07-18
    • Raised 8 mo later, in step with the ~11 mo sector norm.
    • Round 6.7× smaller than the prior — bridge or down round.
    • 516 investors on this round.
Intelligence
2018 ~Q4
Modeled next raise · ~4mo cadence
$3.9M
Modeled next size est.range $3.9M$6.3M
0.1×
Last step-up
$48.0M/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
Daniel An2017-11
Rafael Cosman2017-11
Registry & provenance

TrustToken, 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
1737792
SEC CIK
2017
Incorporated
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
Envocore Holding, LLCOtherSeries B$31.6M$67.5Msame sector · same stage
Graylog, Inc.OtherSeries B$32.3M$67.4Msame sector · same stage
iMATCHative, Inc.OtherSeries B$26.8M$65.5Msame sector · same stage
Nacho Eats Corp.OtherSeries B$35.1M$65.7Msame sector · same stage
3 Keys Communities, LLCOtherSeries B$25.8M$65.6Msame sector · same stage
Liminal Insights, Inc.OtherSeries B$38.9M$62.8Msame sector · same stage
NMR Holdco, LLCOtherSeries B$23.5M$65.7Msame sector · same stage
Eat Evergreen Inc.OtherSeries B$20.7M$65.5Msame sector · same stage
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
TrustClarity Inc.Other TechnologySeed$12.4M85%
Token, Inc.OtherSeries B$310.3M85%
TruStar Holdings, LLCOtherPre-Seed$8.2M84%
Tokens.com Inc.OtherSeed$9.6M84%
TrustLayer, Inc.Other TechnologyPre-Seed$6.4M83%
Trustify Inc.Other TechnologySeries A$82.8M82%
TaxToken, Inc.Other TechnologySeed$3.4M82%
TrustPoint Translations, LLCOtherSeed$37.2M82%
Frequently asked
How much funding has TrustToken, Inc. raised?
TrustToken, Inc. has raised approximately $30.3M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is TrustToken, Inc.'s estimated valuation?
Provath's modeled valuation for TrustToken, Inc. is approximately $65.4M (modeled range $9.8M–$251.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is TrustToken, Inc. at?
TrustToken, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Jul 18.
What does TrustToken, Inc. do and where is it based?
TrustToken, Inc. operates in the Other sector, based in SAN FRANCISCO.
Explore related

See where TrustToken, 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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