Companies · Media & Content

Veeam Software Holding Inc.

KIRKLAND · Media & Content · refined from filed group “Other Technology · https://www.veeam.com/

Diligence memoA one-page analyst read on Veeam Software Holding Inc. — recommendation, valuation, rhythm, risks.
$407.3M
Total raised · real
2
Rounds
0.1×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Tue Jan 14 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Veeam Software Holding Inc. looks under-valued against its niche peers and is quiet on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the media 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 0.09× the median modeled value of Series D+ Media & Content companies in 2025–2027 (5 peers) — value vs value, same stage and era.
Quiet
  • Last raise 18 mo ago; this sector typically re-raises about every 12 months.
  • Slightly overdue versus sector cadence.

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

Issuer-vehicle patternmedium confidence

Veeam Software Holding Inc. 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
5.8 yr record
Peak capital year was 2020 with $882.5M across 5 filings.
Market position
ahead of 99% of Media & Content peers
Capital scale is ahead of 99% of Media & Content peers; modeled value is above 88% 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
Some evidence
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
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.
  • Capital program peaked in 2020: $882.5M across 5 filings.
  • Largest single filing was $397.3M on 2020-09-25.
  • Filing rows sum to $892.5M, while canonical raised total is $407.3M; likely amendments/superseded rows are mixed into the detail view.
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.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
  • Canonical filtering should be tightened before using row-level totals for diligence.
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 Media & Content

Veeam Software Holding Inc. is one of 1052 Media & Content companies tracked from KIRKLAND. By capital raised it ranks among the largest (ahead of 99% 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.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Discover cyber resilient solutions for AI and data. See risk everywhere, move data securely, stay compliant, and accelerate safe AI all with Veeam.

Discover cyber resilient solutions for AI and data. See risk everywhere, move data securely, stay compliant, and accelerate safe AI all with Veeam. Veeam’s exclusive community that brings together a suite of experiences & resources for executive leaders. See the full picture, manage every risk, and deploy AI safely. Recover instantly across your hybrid estate. Protect Cloud, Kubernetes, SaaS, On‑prem, and Identity workloads, and restore operations up to 5x faster. With immutable‑by‑design protection and automated malware scanning, you recover clean every time. And with true data portability, you’re never locked in, free to move or restore workloads anywhere. Unify security, privacy, and governance with a Data Command Center built on deep intelligence. Automatically discover and classify sensitive assets across your entire hybrid estate—structured, unstructured, or streaming. From Data Security Posture Management (DSPM) and identity-aware access to AI firewalls and automated PrivacyOps, gain instant visibility and control over risks, lineage, and threats for every user and AI agent. GenCore gives you the platform to create copilots, agents, and AI search with policy enforcement, dat

ai/mlmedia/contentsaas
Find Veeam Software online

Trades publicly as Veeam Software.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(c)
Reg D exemption
1
Investors (latest)
2020
Year incorporated
2025-01-14
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$10.0BSeries D+ · 2020-09-25 Raised $397M (real) Modeled valuation $6.0B (est)$397M$6.0BSeries D+2020Series D+ · 2020-09-25 Raised $199M (real) Modeled valuation $3.0B (est)$199M$3.0BSeries D+2020Series C · 2020-09-25 Raised $42M (real) Modeled valuation $620M (est)$42M$620MSeries C2020Series D+ · 2020-09-25 Raised $110M (real) Modeled valuation $1.6B (est)$110M$1.6BSeries D+2020Series D+ · 2020-09-25 Raised $135M (real) Modeled valuation $2.0B (est)$135M$2.0BSeries D+2020Series D+ · 2025-01-14 Raised $10.0M (real) Modeled valuation $79M (est)$10.0M$79MSeries D+2025+$199M+$42M+$110M+$135M+$10.0MCumulative $893M

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 D+$397.3M · 2020
Series D+ extension$199.0M · 2020
Bridge · Series D+-stage$42.1M · 2020smaller follow-on
Series D+ extension$109.6M · 2020
Series D+ extension$134.6M · 2020
Series D+ extension$10.0M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$79.2M
Base estimate est.
$51.0M
Conservative case
$103.5M
Upside case
$83.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the media sector profile. Directional, not a quoted figure.

Series D+ · modeled $6.0B · 2020-09-252020Series D+ · modeled $3.0B · 2020-09-25Series C · modeled $619.7M · 2020-09-25Series D+ · modeled $1.6B · 2020-09-25Series D+ · modeled $2.0B · 2020-09-25Series D+ · modeled $79.2M · 2025-01-142025
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
77%
Survival probability
61% low · 85% high
1.16×/yr
Annual markup
1.30×/yr upside case
1.5 yr
Elapsed time used
1.5 yr actual, capped for stale marks
media
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$94.6M/yr
Capital velocity
5.8 yr
On record since
2020
First round
6
Rounds on file
How it compares to the market

Benchmarked against 1052 companies in Media & Content. 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) 184× above median
This company$407.3M
Sector median$2.2M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.1× of median
This company$10.0M
Sector median$107.5M
Modeled value — vs sector median (estimate, all stages) 4.7× above median
This company$79.2M
Sector median$16.7M

Raised more than 99% of sector peers (real $). Modeled value above 88% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) 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 #5 of 5.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Lawyers Entertainment Consortium, LP · Series D+ Raised $300.0M · modeled $2.2B (est)Deepgram, Inc. · Series D+ Raised $215.1M · modeled $993.6M (est)Techtonic Media Entertainment Group Inc · Series D+ Raised $110.0M · modeled $838.5M (est)Base Boy Entertainment Network Inc · Series D+ Raised $117.5M · modeled $808.4M (est)Veeam Software Holding Inc. (this company) Raised $407.3M · modeled $79.2M (est)Veeam Software Holding Inc.
CompanyStageRaised · realValue · estvs peer med.
Lawyers Entertainment Consortium, LPSeries D+$300.0M$2.2B2.59×
Deepgram, Inc.Series D+$215.1M$993.6M1.18×
Techtonic Media Entertainment Group IncSeries D+$110.0M$838.5M1.00×
Base Boy Entertainment Network IncSeries D+$117.5M$808.4M0.96×
Veeam Software Holding Inc. this companySeries D+$407.3M$79.2M0.09×
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 D+$397.3M2020-09-25$3.3B$6.0B90%
Series D+$199.0M2020-09-25$1.7B$3.0B90%
Series C$42.1M2020-09-25$280.5M$619.7M90%
Series D+$109.6M2020-09-25$913.7M$1.6B90%
Series D+$134.6M2020-09-25$1.1B$2.0B90%
Series D+$10.0M2025-01-14$83.3M$79.2M90%
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 D+$397.3M2020-09-25
    • First recorded raise — entered as Series D+.
    • 369 investors on this round.
  2. Series D+$199.0M2020-09-25
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 245 investors on this round.
  3. Series C$42.1M2020-09-25
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 4.7× smaller than the prior — bridge or down round.
    • 70 investors on this round.
  4. Series D+$109.6M2020-09-25
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.6× larger than the prior — scaling up.
    • 80 investors on this round.
  5. Series D+$134.6M2020-09-25
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 82 investors on this round.
  6. Series D+$10.0M2025-01-14
    • Raised again after 52 mo — slower than the ~12 mo sector norm.
    • Round 13.5× smaller than the prior — bridge or down round.
    • Switched to Rule 506(c) (was Rule 506(b)).
    • 1 investor on this round.
Intelligence
2025 ~Q4
Modeled next raise · ~10mo cadence
$10.0M
Modeled next size est.range $10.0M$16.0M
0.1×
Last step-up
$94.6M/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
Ryan Hinkle19 other2020-09
Andrew Prodromos6 other2020-09
Michael Triplett6 other2020-09
Mark Wong4 other2020-09
Anand Eswaran2020-09
Anand Nick Eswaran2020-09
Arun Nick Agarwal2020-09
Chuck Garner2020-09
Dustin Driggs2020-09
James Nick Ayers2020-09
Mark Nick Wong2020-09
Nick Ayers2020-09
Philine Huizing2020-09
Richard Nick Bhamb2020-09
Rick Nick Jackson2020-09
William Largent2020-09
Registry & provenance

Veeam Software Holding 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
1882091
SEC CIK
2020
Incorporated
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Frequently asked
How much funding has Veeam Software Holding Inc. raised?
Veeam Software Holding Inc. has raised approximately $407.3M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Veeam Software Holding Inc.'s estimated valuation?
Provath's modeled valuation for Veeam Software Holding Inc. is approximately $79.2M (modeled range $51.0M–$103.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Veeam Software Holding Inc. at?
Veeam Software Holding Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Tue Jan 14.
What does Veeam Software Holding Inc. do and where is it based?
Veeam Software Holding Inc. operates in the Media & Content sector, based in KIRKLAND. Discover cyber resilient solutions for AI and data. See risk everywhere, move data securely, stay compliant, and accelerate safe AI all with Veeam.
Explore related

See where Veeam Software Holding 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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