Diligence memo · auto-generated · as of July 2, 2026
VFN Holdings, Inc.
VFN Holdings, Inc. has raised $188M over 3 rounds; too few niche peers to rank its valuation yet.
Businessfiled
VFN Holdings, Inc. operates in Telecommunications, based in BOULDER.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
VFN Holdings, Inc. has raised $188M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $125M on 2026-02-13.
Most recent recorded round closed around 2026-02-13.
Valuation (modeled)modeled
Provath models VFN Holdings, Inc. at approximately $919M (range $687M–$1.1B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 31 months.
Last raise 5 mo ago; this sector typically re-raises about every 10 months.
Raising on or ahead of the sector's normal rhythm.
The last round stepped up 2.5× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 96% of Telecommunications peers (929 compared).
Modeled value ranks above 93% of those peers.
Closest niche peers: Sk Technology, Gray Media, Inc, Green Energy Global Inc.
Peoplefiled
10 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.