Companies · Business Services

Valkyrie Topco, LLC

Greenwich · Business Services

Diligence memoA one-page analyst read on Valkyrie Topco, LLC — recommendation, valuation, rhythm, risks.
$478.2M
Total raised · real
6
Rounds
5.7×
Latest step-up
Top 2%
Sector rank · raised
Growth/Late
Latest stage · inferred · Mon Dec 01 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Valkyrie Topco, LLC has raised $478M over 6 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the business services sector profile.

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

Active
  • Last raise 7 mo ago; this sector typically re-raises about every 12 months.
  • Raising on or ahead of the sector's normal rhythm.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Valkyrie Topco, LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
2.2 yr record
Peak capital year was 2024 with $448.8M across 4 filings.
Market position
ahead of 99% of Business Services peers
Capital scale is ahead of 99% of Business Services peers; modeled value is above 93% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2024: $448.8M across 4 filings.
  • Largest single filing was $445.0M on 2024-05-06.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
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 Business Services

Valkyrie Topco, LLC is one of 2439 Business Services companies tracked from Greenwich. By capital raised it ranks among the largest (ahead of 99% 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
Rule 506(b)
Reg D exemption
2
Investors (latest)
2024
Year incorporated
2025-12-01
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$2.5B$5.0B$7.5B$10.0BGrowth/Late · 2024-05-06 Raised $445M (real) Modeled valuation $5.8B (est)$445M$5.8BGrowth/Late2024Growth/Late · 2024-08-01 Raised $2.4M (real) Modeled valuation $31M (est)$2.4M$31MGrowth/Late2024Growth/Late · 2024-09-03 Raised $550K (real) Modeled valuation $6.8M (est)$550K$6.8MGrowth/Late2024Growth/Late · 2024-11-20 Raised $780K (real) Modeled valuation $9.3M (est)$780K$9.3MGrowth/Late2024Growth/Late · 2025-01-03 Raised $4.4M (real) Modeled valuation $52M (est)$4.4M$52MGrowth/Late2025Growth/Late · 2025-12-01 Raised $25M (real) Modeled valuation $252M (est)$25M$252MGrowth/Late2025+$2.4M+$550K+$780K+$4.4M+$25MCumulative $478M

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
Growth/Late$445.0M · 2024
Growth/Late extension$2.4M · 2024
Growth/Late extension$550K · 2024
Growth/Late extension$780K · 2024
Growth/Late extension$4.4M · 2025
Growth/Late extension$25.0M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C, Series D+ — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 14%.

Modeled valuation trajectory
$252.3M
Base estimate est.
$198.9M
Conservative case
$283.1M
Upside case
$250.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Growth/Latea round over $400M). Valuation is modeled from stage benchmarks scaled by the business services sector profile. Directional, not a quoted figure.

Growth/Late · modeled $5.8B · 2024-05-062024Growth/Late · modeled $30.6M · 2024-08-01Growth/Late · modeled $6.8M · 2024-09-03Growth/Late · modeled $9.3M · 2024-11-20Growth/Late · modeled $51.5M · 2025-01-03Growth/Late · modeled $252.3M · 2025-12-012025
Model inputs · modeled:benchmark-stage-stepup-v1
10%
Dilution assumption
Implied ownership sold in the financing.
92%
Survival probability
80% low · 98% high
1.18×/yr
Annual markup
1.28×/yr upside case
0.6 yr
Elapsed time used
0.6 yr actual, capped for stale marks
business services
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
4 mo
Avg between rounds
$304.3M/yr
Capital velocity
2.2 yr
On record since
2024
First round
6
Rounds on file
How it compares to the market

Benchmarked against 2439 companies in Business Services. 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) 327× above median
This company$478.2M
Sector median$1.5M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 0.1× of median
This company$25.0M
Sector median$442.3M
Modeled value — vs sector median (estimate, all stages) 17× above median
This company$252.3M
Sector median$15.0M

Raised more than 99% of sector peers (real $). Modeled value above 93% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Growth/Late) 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 companyCohort peer
$10.0M$100.0M$1.0B$100.0M$1.0BCapital raised (log)KRIV Holdings, L.P. · Growth/Late Raised $747.9M · modeled $61.4M (est)Swvl Holdings Corp · Growth/Late Raised $478.9M · modeled $23.0M (est)Valkyrie Topco, LLC (this company) Raised $478.2M · modeled $252.3M (est)Valkyrie Topco, LLC
CompanyStageRaised · realValue · estvs peer med.
Valkyrie Topco, LLC this companyGrowth/Late$478.2M$252.3M4.11×
KRIV Holdings, L.P.Growth/Late$747.9M$61.4M1.00×
Swvl Holdings CorpGrowth/Late$478.9M$23.0M0.38×
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.
Growth/Late$445.0M2024-05-06$4.5B$5.8B90%
Growth/Late$2.4M2024-08-01$24.4M$30.6M90%
Growth/Late$550K2024-09-03$5.5M$6.8M90%
Growth/Late$780K2024-11-20$7.8M$9.3M90%
Growth/Late$4.4M2025-01-03$44.1M$51.5M90%
Growth/Late$25.0M2025-12-01$250.0M$252.3M90%
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. Growth/Late$445.0M2024-05-06
    • First recorded raise — entered as Growth/Late.
    • 141 investors on this round.
  2. Growth/Late$2.4M2024-08-01
    • Came back fast: 3 mo vs the ~12 mo sector norm.
    • Round 182.2× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  3. Growth/Late$550K2024-09-03
    • Came back fast: 1 mo vs the ~12 mo sector norm.
    • Round 4.4× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  4. Growth/Late$780K2024-11-20
    • Came back fast: 3 mo vs the ~12 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 14 investors on this round.
  5. Growth/Late$4.4M2025-01-03
    • Came back fast: 1 mo vs the ~12 mo sector norm.
    • Round 5.6× larger than the prior — scaling up.
    • 8 investors on this round.
  6. Growth/Late$25.0M2025-12-01
    • Raised 11 mo later, in step with the ~12 mo sector norm.
    • Round 5.7× larger than the prior — scaling up.
    • 2 investors on this round.
Intelligence
2026 ~Q1
Modeled next raise · ~4mo cadence
$75.0M
Modeled next size est.range $48.8M$120.0M
5.7×
Last step-up
$304.3M/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
Morris William Macey2 other2024-09
James William Soldano1 other2024-09
Anthony Brindisi2024-05
Anthony William Brindisi2024-09
Ethan Michaeli2024-05
Ethan William Michaeli2024-09
James Soldano2024-05
Jesse Kropelnicki2024-05
Jesse William Kropelnicki2024-09
Morris Macey2024-05
Registry & provenance

Valkyrie Topco, LLC 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
2023290
SEC CIK
2024
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
Asgard Topco, LlcBusiness ServicesSeries D+$179.8M$401.3Mnetwork2 shared operators · same sector
SNL Financial LCBusiness ServicesGrowth/Late$465.2M$223.3Msame sector · same stage
KRIV Holdings, L.P.Business ServicesGrowth/Late$747.9M$61.4Msame sector · same stage
Sterling Ultimate Parent Corp.Business ServicesGrowth/Late$831.8M$130.3Msame sector · same stage
Booz Allen Hamilton Holding CorpBusiness ServicesGrowth/Late$2.1B$64.1Msame sector · same stage
AvidXchange, Inc.Business ServicesSeries D+$1.1B$106.9Msame sector
Inmar Investment Holdings, LLCBusiness ServicesSeries D+$178.2M$72.9Msame sector
Relevate Holdings, LPBusiness ServicesSeries C$156.3M$137.2Msame sector
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
Sainvus Topco LlcBusiness ServicesSeries C$363.1M87%
Asgard Topco, LlcBusiness ServicesSeries D+$401.3M86%
Victors Topco, L.P.Business ServicesSeries B$179.0M84%
Purple Cow Topco, LLCBusiness ServicesSeries D+$2.7B84%
Ascend Partners Topco LPBusiness ServicesSeed$7.5M81%
Cv Topco LlcOtherSeries C$1.3B81%
PHM Group TopCo OyBusiness ServicesSeed$7.3M80%
Office Topco, LlcOtherSeries D+$4.1B78%
Frequently asked
How much funding has Valkyrie Topco, LLC raised?
Valkyrie Topco, LLC has raised approximately $478.2M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Valkyrie Topco, LLC's estimated valuation?
Provath's modeled valuation for Valkyrie Topco, LLC is approximately $252.3M (modeled range $198.9M–$283.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Valkyrie Topco, LLC at?
Valkyrie Topco, LLC's latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Mon Dec 01.
What does Valkyrie Topco, LLC do and where is it based?
Valkyrie Topco, LLC operates in the Business Services sector, based in Greenwich.
Explore related

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