Companies · Other Technology

Turn Inc

REDWOOD CITY · Other Technology

Diligence memoA one-page analyst read on Turn Inc — recommendation, valuation, rhythm, risks.
$121.1M
Total raised · real
5
Rounds
0.2×
Latest step-up
Top 4%
Sector rank · raised
Series C
Latest stage · inferred · Wed Mar 02 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

Turn 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. 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 0.28× the median modeled value of Series C Other Technology companies in 2016–2018 (94 peers) — value vs value, same stage and era.
Dormant
  • Last raise 10.3 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 Other Technology

Turn Inc is one of 21292 Other Technology companies tracked from REDWOOD CITY. By capital raised it ranks among the largest (ahead of 97% 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$1.3B$2.5B$3.8B$5.0BSeries B · 2010-11-30 Raised $20M (real) Modeled valuation $611M (est)$20M$611MSeries B2010Series B · 2012-08-14 Raised $3.6M (real) Modeled valuation $110M (est)$3.6M$110MSeries B2012Series B · 2013-02-14 Raised $3.7M (real) Modeled valuation $113M (est)$3.7M$113MSeries B2013Series C · 2013-12-30 Raised $80M (real) Modeled valuation $2.5B (est)$80M$2.5BSeries C2013Series C · 2016-03-02 Raised $14M (real) Modeled valuation $432M (est)$14M$432MSeries C2016+$3.6M+$3.7M+$80M+$14MCumulative $121M

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$20.1M · 2010
Series B extension$3.6M · 2012
Series B extension$3.7M · 2013
Series C$80.0M · 2013
Series C extension$13.8M · 2016

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: 40%.

Modeled valuation trajectory
$432.5M
Base estimate est.
$52.1M
Conservative case
$1.1B
Upside case
$91.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Series B · modeled $610.6M · 2010-11-302010Series B · modeled $110.4M · 2012-08-14Series B · modeled $112.9M · 2013-02-14Series C · modeled $2.5B · 2013-12-30Series C · modeled $432.5M · 2016-03-022016
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
76%
Survival probability
57% low · 88% high
1.35×/yr
Annual markup
1.55×/yr upside case
6.0 yr
Elapsed time used
10.3 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
16 mo
Avg between rounds
$23.1M/yr
Capital velocity
15.6 yr
On record since
2010
First round
5
Rounds on file
How it compares to the market

Benchmarked against 21292 companies in Other Technology. 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) 38× above median
This company$121.1M
Sector median$3.2M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.3× of median
This company$13.8M
Sector median$50.0M
Modeled value — vs sector median (estimate, all stages) 12× above median
This company$432.5M
Sector median$37.3M

Raised more than 97% of sector peers (real $). Modeled value above 91% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #74 of 94.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Cfunworld Ltd · Series C Raised $100.0M · modeled $3.1B (est)PhunCoin, Inc. · Series C Raised $100.0M · modeled $3.1B (est)Cylance Inc. · Series C Raised $120.0M · modeled $3.1B (est)ACV Auctions Inc. · Series C Raised $123.5M · modeled $2.9B (est)Petuum Holdings, Ltd. · Series C Raised $93.0M · modeled $2.9B (est)BI Global Connect Ltd · Series C Raised $90.0M · modeled $2.8B (est)CradlePoint Inc · Series C Raised $145.3M · modeled $2.8B (est)Arena Holdings, Inc. · Series C Raised $85.5M · modeled $2.7B (est)Nuance Communications, Inc. · Series C Raised $85.0M · modeled $2.7B (est)Safe Parent, Inc. · Series C Raised $84.9M · modeled $2.7B (est)Inovalon Holdings, Inc. · Series C Raised $79.0M · modeled $2.5B (est)Afiniti, Ltd. · Series C Raised $90.9M · modeled $2.4B (est)Turn Inc (this company) Raised $121.1M · modeled $432.5M (est)Turn Inc
CompanyStageRaised · realValue · estvs peer med.
Cfunworld LtdSeries C$100.0M$3.1B2.00×
PhunCoin, Inc.Series C$100.0M$3.1B2.00×
Cylance Inc.Series C$120.0M$3.1B2.00×
ACV Auctions Inc.Series C$123.5M$2.9B1.86×
Petuum Holdings, Ltd.Series C$93.0M$2.9B1.86×
BI Global Connect LtdSeries C$90.0M$2.8B1.80×
CradlePoint IncSeries C$145.3M$2.8B1.78×
Arena Holdings, Inc.Series C$85.5M$2.7B1.71×
Nuance Communications, Inc.Series C$85.0M$2.7B1.70×
Safe Parent, Inc.Series C$84.9M$2.7B1.70×
Inovalon Holdings, Inc.Series C$79.0M$2.5B1.58×
Afiniti, Ltd.Series C$90.9M$2.4B1.56×
Turn Inc this companySeries C$121.1M$432.5M0.28×
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$20.1M2010-11-30$111.4M$610.6M90%
Series B$3.6M2012-08-14$20.1M$110.4M90%
Series B$3.7M2013-02-14$20.6M$112.9M90%
Series C$80.0M2013-12-30$533.3M$2.5B90%
Series C$13.8M2016-03-02$91.7M$432.5M90%
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$20.1M2010-11-30
    • First recorded raise — entered as Series B.
  2. Series B$3.6M2012-08-14
    • Raised again after 20 mo — slower than the ~13 mo sector norm.
    • Round 5.5× smaller than the prior — bridge or down round.
  3. Series B$3.7M2013-02-14
    • Came back fast: 6 mo vs the ~13 mo sector norm.
    • Round roughly the size of the prior one.
  4. Series C$80.0M2013-12-30
    • Raised 10 mo later, in step with the ~13 mo sector norm.
    • Round 21.6× larger than the prior — scaling up.
  5. Series C$13.8M2016-03-02
    • Raised again after 26 mo — slower than the ~13 mo sector norm.
    • Round 5.8× smaller than the prior — bridge or down round.
Intelligence
2017 ~Q2
Modeled next raise · ~16mo cadence
$13.8M
Modeled next size est.range $13.8M$22.0M
0.2×
Last step-up
$23.1M/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
Jeffrey Crowe11 other2010-11
John Moragne7 other2010-11
James Barnett4 other2010-11
Scott Howe2 other2010-11
Bruce Falck1 other2016-03
David J. Henke1 other2013-02
Dennis Jang1 other2010-11
Gary Bloom1 other2012-08
James J. Barnett1 other2013-02
Mark Liao1 other2016-03
Gary Henke2012-08
Gary J. Bloom2013-02
Jeffrey P. Crowe2013-02
Joe P. Nemeth2013-02
John J. Moragne2013-02
Max P. Ochoa2013-02
Rebecca J. Saeger2016-03
William Demas2010-11
Registry & provenance

Turn 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
1315329
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
Common Living Inc.Other TechnologySeries C$119.3M$438.9Mnetwork1 shared operator · same sector · same stage
Knotel, Inc.Other TechnologySeries C$110.9M$1.6Bnetwork1 shared operator · same sector · same stage
Glint Inc.Business ServicesSeries B$75.7M$21.6Mnetwork3 shared operators
Sojern IncOther TechnologySeries A$30.6M$33.6Mnetwork2 shared operators · same sector
Plex, Inc.Other TechnologySeries C$121.7M$428.9Msame sector · same stage
Solopower IncOther TechnologySeries C$124.9M$471.3Msame sector · same stage
Flipboard, Inc.Other TechnologySeries C$125.5M$433.6Msame sector · same stage
Fabric8Labs, Inc.Other TechnologySeries C$132.1M$431.0Msame sector · same stage
Frequently asked
How much funding has Turn Inc raised?
Turn Inc has raised approximately $121.1M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Turn Inc's estimated valuation?
Provath's modeled valuation for Turn Inc is approximately $432.5M (modeled range $52.1M–$1.1B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Turn Inc at?
Turn Inc's latest modeled financing stage is Series C. Its most recent recorded round closed around Wed Mar 02.
What does Turn Inc do and where is it based?
Turn Inc operates in the Other Technology sector, based in REDWOOD CITY.
Explore related

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