Companies · Other Technology

ZenBusiness Inc.

Austin · Other Technology

Diligence memoA one-page analyst read on ZenBusiness Inc. — recommendation, valuation, rhythm, risks.
$267.7M
Total raised · real
5
Rounds
0.0×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Tue Sep 06 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

ZenBusiness Inc. looks under-valued against its niche peers and is at-risk 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 0.02× the median modeled value of Series D+ Other Technology companies in 2022–2024 (75 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.8 yr ago; this sector typically re-raises about every 13 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

ZenBusiness Inc. is one of 21302 Other Technology companies tracked from Austin. By capital raised it ranks among the largest (ahead of 99% of sector peers), and mid-pack 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
18
Investors (latest)
2022-09-06
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$1.3B$2.5B$3.8B$5.0BSeed · 2018-02-06 Raised $2.1M (real) Modeled valuation $70M (est)$2.1M$70MSeed2018Series A · 2019-06-18 Raised $15M (real) Modeled valuation $416M (est)$15M$416MSeries A2019Series C · 2020-10-30 Raised $55M (real) Modeled valuation $1.6B (est)$55M$1.6BSeries C2020Series D+ · 2021-10-29 Raised $193M (real) Modeled valuation $4.4B (est)$193M$4.4BSeries D+2021Series D+ · 2022-09-06 Raised $2.5M (real) Modeled valuation $45M (est)$2.5M$45MSeries D+2022+$15M+$55M+$193M+$2.5MCumulative $268M

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
Seed$2.1M · 2018
Series A$15.0M · 2019
Series C$55.0M · 2020no Series B on file
Series D+$193.2M · 2021
Series D+ extension$2.5M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$44.8M
Base estimate est.
$13.7M
Conservative case
$76.6M
Upside case
$20.5M
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 technology sector profile. Directional, not a quoted figure.

Seed · modeled $70.0M · 2018-02-062018Series A · modeled $416.1M · 2019-06-18Series C · modeled $1.6B · 2020-10-30Series D+ · modeled $4.4B · 2021-10-29Series D+ · modeled $44.8M · 2022-09-062022
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
83%
Survival probability
67% low · 92% high
1.29×/yr
Annual markup
1.44×/yr upside case
3.8 yr
Elapsed time used
3.8 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$58.4M/yr
Capital velocity
8.4 yr
On record since
2018
First round
5
Rounds on file
How it compares to the market

Benchmarked against 21302 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) 84× above median
This company$267.7M
Sector median$3.2M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.0× of median
This company$2.5M
Sector median$115.0M
Modeled value — vs sector median (estimate, all stages) 1.2× above median
This company$44.8M
Sector median$37.3M

Raised more than 99% of sector peers (real $). Modeled value above 56% 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 #70 of 75.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$100.0B$100.0M$1.0BCapital raised (log)Memphis Meats, Inc. · Series D+ Raised $611.2M · modeled $8.2B (est)Edgio, Inc. · Series D+ Raised $361.3M · modeled $6.4B (est)Siprocal, Inc · Series D+ Raised $380.0M · modeled $6.1B (est)PacketFabric, Inc. · Series D+ Raised $423.5M · modeled $5.9B (est)Guess & Co. Corp · Series D+ Raised $250.0M · modeled $5.2B (est)Skydio, Inc. · Series D+ Raised $323.4M · modeled $4.7B (est)BAM Management US Holdings Inc. · Series D+ Raised $216.8M · modeled $4.4B (est)Coalition, Inc. · Series D+ Raised $221.4M · modeled $4.2B (est)Alchemy Insights, Inc. · Series D+ Raised $352.1M · modeled $4.1B (est)Fetch Rewards, Inc. · Series D+ Raised $530.7M · modeled $3.9B (est)Matonee Inc. · Series D+ Raised $200.0M · modeled $3.8B (est)Lightmatter, Inc. · Series D+ Raised $527.2M · modeled $3.8B (est)ZenBusiness Inc. (this company) Raised $267.7M · modeled $44.8M (est)ZenBusiness Inc.
CompanyStageRaised · realValue · estvs peer med.
Memphis Meats, Inc.Series D+$611.2M$8.2B3.90×
Edgio, Inc.Series D+$361.3M$6.4B3.06×
Siprocal, IncSeries D+$380.0M$6.1B2.91×
PacketFabric, Inc.Series D+$423.5M$5.9B2.82×
Guess & Co. CorpSeries D+$250.0M$5.2B2.46×
Skydio, Inc.Series D+$323.4M$4.7B2.24×
BAM Management US Holdings Inc.Series D+$216.8M$4.4B2.11×
Coalition, Inc.Series D+$221.4M$4.2B2.02×
Alchemy Insights, Inc.Series D+$352.1M$4.1B1.95×
Fetch Rewards, Inc.Series D+$530.7M$3.9B1.85×
Matonee Inc.Series D+$200.0M$3.8B1.80×
Lightmatter, Inc.Series D+$527.2M$3.8B1.79×
ZenBusiness Inc. this companySeries D+$267.7M$44.8M0.02×
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.
Seed$2.1M2018-02-06$10.3M$70.0M90%
Series A$15.0M2019-06-18$68.2M$416.1M90%
Series C$55.0M2020-10-30$366.7M$1.6B90%
Series D+$193.2M2021-10-29$1.6B$4.4B90%
Series D+$2.5M2022-09-06$20.5M$44.8M90%
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. Seed$2.1M2018-02-06
    • First recorded raise — entered as Seed.
    • 8 investors on this round.
  2. Series A$15.0M2019-06-18
    • Raised 16 mo later, in step with the ~13 mo sector norm.
    • Round 7.3× larger than the prior — scaling up.
    • 24 investors on this round.
  3. Series C$55.0M2020-10-30
    • Raised 16 mo later, in step with the ~13 mo sector norm.
    • Round 3.7× larger than the prior — scaling up.
    • 20 investors on this round.
  4. Series D+$193.2M2021-10-29
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round 3.5× larger than the prior — scaling up.
    • 24 investors on this round.
  5. Series D+$2.5M2022-09-06
    • Raised 10 mo later, in step with the ~13 mo sector norm.
    • Round 78.5× smaller than the prior — bridge or down round.
    • 18 investors on this round.
Intelligence
2023 ~Q4
Modeled next raise · ~14mo cadence
$2.5M
Modeled next size est.range $2.5M$3.9M
0.0×
Last step-up
$58.4M/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
Denis Barrier4 other2022-09
Paul Bricault4 other2021-10
Ross Buhrdorf2 other2018-02
JEFFREY A. WILLIAMS1 other2019-06
Matt Streisfeld1 other2021-10
Rafael Lopez1 other2018-02
Alex A Lazarow2020-10
Alex Lazarow2021-10
James C Glancy2019-06
JC Glancy2018-02
Jenne Britell2020-10
Jenne C Britell2019-06
Khadijeh Hemmati2018-02
Khadijeh (Shanaz) C Hemmati2019-06
Khadijeh (Shanaz) Hemmati2020-10
Paul A Bricault2019-06
Registry & provenance

ZenBusiness 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
1667806
SEC CIK
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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.

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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
Zengines, Inc.Other TechnologySeries A$21.9M92%
Zenus, Inc.Other TechnologySeed$40.7M92%
ZenSports, Inc.Other TechnologySeed$11.5M92%
Zencape, Inc.Other TechnologyPre-Seed$18.8M91%
Zenarate, Inc.Other TechnologyPre-Seed$10.8M91%
Zenoss IncOther TechnologySeries B$49.2M91%
Zenigata Ventures, Inc.Other TechnologyPre-Seed$5.7M91%
Zenapse Inc.Other TechnologySeries A$65.0M91%
Frequently asked
How much funding has ZenBusiness Inc. raised?
ZenBusiness Inc. has raised approximately $267.7M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is ZenBusiness Inc.'s estimated valuation?
Provath's modeled valuation for ZenBusiness Inc. is approximately $44.8M (modeled range $13.7M–$76.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is ZenBusiness Inc. at?
ZenBusiness Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Tue Sep 06.
What does ZenBusiness Inc. do and where is it based?
ZenBusiness Inc. operates in the Other Technology sector, based in Austin.
Explore related

See where ZenBusiness 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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