Companies · Software / Tech

TRX Systems, Inc.

GREENBELT · Software / Tech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on TRX Systems, Inc. — recommendation, valuation, rhythm, risks.
$900K
Total raised · real
2
Rounds
0.8×
Latest step-up
Top 79%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Fri Mar 24 2017 00:00:00 GMT+0000 (Coordinated Universal Time)

TRX Systems, Inc. looks fair 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 technology sector profile.

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

Fair
  • Modeled value is 1.27× the median modeled value of Pre-Seed Software / Tech companies in 2016–2018 (233 peers) — value vs value, same stage and era.
  • Within the normal band (127% of peer median) for its niche.
Dormant
  • Last raise 9.3 yr ago; this sector typically re-raises about every 13 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 Software / Tech

TRX Systems, Inc. is one of 3920 Software / Tech companies tracked from GREENBELT. By capital raised it ranks in the long tail (ahead of 22% 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
4
Investors (latest)
2017-03-24
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$13M$25M$38M$50MPre-Seed · 2015-05-21 Raised $500K (real) Modeled valuation $21M (est)$500K$21MPre-Seed2015Pre-Seed · 2017-03-24 Raised $400K (real) Modeled valuation $17M (est)$400K$17MPre-Seed2017+$400KCumulative $900K

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
Pre-Seed$500K · 2015
Pre-Seed extension$400K · 2017

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$16.9M
Base estimate est.
$261K
Conservative case
$192.1M
Upside case
$2.2M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $21.2M · 2015-05-212015Pre-Seed · modeled $16.9M · 2017-03-242017
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
29%
Survival probability
12% low · 54% high
1.72×/yr
Annual markup
2.33×/yr upside case
6.0 yr
Elapsed time used
9.3 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
22 mo
Avg between rounds
$488K/yr
Capital velocity
11.1 yr
On record since
2015
First round
2
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) 0.2× of median
This company$900K
Sector median$4.6M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 1.1× above median
This company$400K
Sector median$350K
Modeled value — vs sector median (estimate, all stages) 0.5× of median
This company$16.9M
Sector median$36.6M

Raised more than 22% of sector peers (real $). Modeled value above 36% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) 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 #95 of 233.

This companyCohort peer
$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Maven Software Corp. · Pre-Seed Raised $1.0M · modeled $42.4M (est)Microsfere Technologies, Inc. · Pre-Seed Raised $1.0M · modeled $42.4M (est)Parsec Cloud, Inc. · Pre-Seed Raised $1.0M · modeled $42.4M (est)VBit Technologies Corp · Pre-Seed Raised $1.0M · modeled $42.4M (est)Javvy Technologies, Ltd. · Pre-Seed Raised $1.0M · modeled $42.4M (est)Craniofacial Technologies Inc. · Pre-Seed Raised $1.0M · modeled $42.4M (est)Pet Data & Rescue, Inc. · Pre-Seed Raised $2.0M · modeled $42.4M (est)EDX Technologies Inc. · Pre-Seed Raised $1.0M · modeled $42.4M (est)New Harbor Network Systems, Inc. · Pre-Seed Raised $1.0M · modeled $42.4M (est)Raftup Technologies, Inc. · Pre-Seed Raised $1.0M · modeled $42.4M (est)Sellr Technologies, Inc. · Pre-Seed Raised $998K · modeled $42.3M (est)Digital Divide Data Ventures LLC · Pre-Seed Raised $960K · modeled $40.7M (est)TRX Systems, Inc. (this company) Raised $900K · modeled $16.9M (est)TRX Systems, Inc.
CompanyStageRaised · realValue · estvs peer med.
Maven Software Corp.Pre-Seed$1.0M$42.4M3.17×
Microsfere Technologies, Inc.Pre-Seed$1.0M$42.4M3.17×
Parsec Cloud, Inc.Pre-Seed$1.0M$42.4M3.17×
VBit Technologies CorpPre-Seed$1.0M$42.4M3.17×
Javvy Technologies, Ltd.Pre-Seed$1.0M$42.4M3.17×
Craniofacial Technologies Inc.Pre-Seed$1.0M$42.4M3.17×
Pet Data & Rescue, Inc.Pre-Seed$2.0M$42.4M3.17×
EDX Technologies Inc.Pre-Seed$1.0M$42.4M3.17×
New Harbor Network Systems, Inc.Pre-Seed$1.0M$42.4M3.17×
Raftup Technologies, Inc.Pre-Seed$1.0M$42.4M3.17×
Sellr Technologies, Inc.Pre-Seed$998K$42.3M3.17×
Digital Divide Data Ventures LLCPre-Seed$960K$40.7M3.05×
TRX Systems, Inc. this companyPre-Seed$900K$16.9M1.27×
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.
Pre-Seed$500K2015-05-21$2.8M$21.2M85%
Pre-Seed$400K2017-03-24$2.2M$16.9M90%
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. Pre-Seed$500K2015-05-21
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Pre-Seed$400K2017-03-24
    • Raised again after 22 mo — slower than the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 4 investors on this round.
Intelligence
2019 ~Q1
Modeled next raise · ~22mo cadence
$400K
Modeled next size est.range $400K$640K
0.8×
Last step-up
$488K/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
Gilmer Blankenship2 other2015-05
Benjamin Funk2015-05
Carole Teolis2015-05
Carol Politi2015-05
Jean-Luc Abaziou2015-05
William Armistead2015-05
Registry & provenance

TRX 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
1538914
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
Basketball Training Systems, Inc.Software / TechPre-Seed$900K$14.4Msame sector · same stage
Thrive Software, Inc.Software / TechPre-Seed$900K$16.1Msame sector · same stage
PRA Audio Systems, Inc.Software / TechPre-Seed$894K$20.9Msame sector · same stage
IIO Systems Inc.Software / TechPre-Seed$885K$12.5Msame sector · same stage
PWA Labs, Inc.Software / TechPre-Seed$945K$12.7Msame sector · same stage
Assistiv Labs, Inc.Software / TechPre-Seed$855K$12.6Msame sector · same stage
Firepower Technology IncSoftware / TechPre-Seed$961K$19.5Msame sector · same stage
Klutch Technologies Inc.Software / TechPre-Seed$840K$12.3Msame 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
ARIX Technologies, Inc.Software / TechSeries A$2.5M89%
Tropos Technologies, Inc.Software / TechSeed$36.2M88%
TruMarx Data Partners, Inc.Software / TechSeries A$200.2M88%
Tru Labs Inc.Software / TechPre-Seed$1.7M87%
trUSx, Inc.Other TechnologyPre-Seed$9.5M87%
SmartX Technology Solutions Inc.Software / TechSeries B$488.2M86%
Strax Technologies, LLCSoftware / TechSeed$19.5M85%
TCI Software, Inc.Software / TechPre-Seed$4.8M85%
Frequently asked
How much funding has TRX Systems, Inc. raised?
TRX Systems, Inc. has raised approximately $900K in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is TRX Systems, Inc.'s estimated valuation?
Provath's modeled valuation for TRX Systems, Inc. is approximately $16.9M (modeled range $261K–$192.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is TRX Systems, Inc. at?
TRX Systems, Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Fri Mar 24.
What does TRX Systems, Inc. do and where is it based?
TRX Systems, Inc. operates in the Software / Tech sector, based in GREENBELT.
Explore related

See where TRX 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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