Credit-data infrastructure — API platform for credit furnishing, data connectivity and cash-flow underwriting.
| As Of | EV | Cost | Fair Value | MOIC |
|---|---|---|---|---|
| Oct 2020 | $45.0M | $5.0M | $5.0M | 1.00x |
| Jul 2022 | $48.5M | $7.0M | $6.6M | 0.94x |
| Dec 2022 | $48.5M | $7.0M | $6.6M | 0.94x |
| Dec 2023 | $48.5M | $9.0M | $8.6M | 0.96x |
| Dec 2024 | $40.0M | $17.1M | $22.3M | 1.30x |
| Dec 2025 | $58.0M | $17.2M | $27.4M | 1.59x |
| Mar 2026 | $70.0M | $17.2M | $27.4M | 1.59x |
| Metric | Inv LTM | 2022 | 2023 | 2024 | 2025 | 2026E | LTM | NTM |
|---|---|---|---|---|---|---|---|---|
| GAAP Revenue ($M) | 0.1 | 0.3 | 0.8 | 1.9 | 4.2 | 8.5 | 5.0 | 6.8 |
| EBITDA ($M) | — | -6.6 | -4.8 | -4.9 | -5.7 | — | -4.1 | — |
| Cash ($M) | — | 2.7 | 2.7 | 0.6 | 4.9 | — | — | — |
| Debt ($M) | — | 1.4 | 2.2 | 2.0 | 0.5 | — | — | — |
| ARR ($M) | — | — | — | — | — | — | — | — |
| Round | Date | Invested | Post-Money EV | Fully Diluted Shares |
|---|---|---|---|---|
| Series A Preferred | Oct 2020 | $10.0M | $45.0M | — |
| Series A-1 Preferred | Jul 2022 | $3.5M | $48.5M | — |
| Convertible Note | May 2023 | $1.3M | $25.5M | — |
| SAFE (Sep-2023 to Feb-2024) | Feb 2024 | $6.6M | $20.0M | — |
| SAFE (Dec-2024) | Dec 2024 | $0.7M | $40.0M | — |
| Series B | Feb 2025 | $10.0M | $40.0M | 118,354,026 |
| Total Invested | $32.1M |