Meld Valuation / Venture NAV Tracker
FundsCompaniesMethodology
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Venture NAV Tracker / Private company

SARONIC TECHNOLOGIES

Defense Technologies
Headquarters—
Founded—
Last known roundSeries C2025-02-18 · Saronic / PR Newswire ↗
Reported valuation$4B2025-02-18 · Saronic / PR Newswire ↗

Security-class differences are disclosed on the affected rows; non-degenerate marks remain in the underlying-company comparison band. 3 rows are omitted from dispersion statistics under the degenerate-mark guard; each affected row states why.

Cross-fund comparison

Equity & warrant marks

One underlying-company band; one latest disclosed mark per fund and security.

FundFair valueSecurity / annotationsImplied price / shareMark age vs roundMethodology / filing
HTGCHercules Capital, Inc.$4.3MMar 31, 2026 · source ↗equityFair ValueNo valuation basis was disclosed for this position. This is an annotation only and does not exclude the mark from comparison statistics.Carried at warrant/option value (net of strike), not underlying share value — not comparable to share marks as filed.Omitted from statistics — Carried at warrant/option value (net of strike), not underlying share value — not comparable to share marks as filed.$27.80Mar 31, 2026 · source ↗406dMar 31, 2026 · source ↗10-Q 2026-03-31 ↗
PRIVXThe Private Shares Fund$3.8MMar 31, 2026 · source ↗preferredFair value hierarchy level 3Filed as preferred; the comparison band's majority class is equity.No valuation basis was disclosed for this position. This is an annotation only and does not exclude the mark from comparison statistics.$27.45Mar 31, 2026 · source ↗406dMar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
HTGCHercules Capital, Inc.$2.2MMar 31, 2026 · source ↗warrantFair ValueFiled as warrant; the comparison band's majority class is equity.No valuation basis was disclosed for this position. This is an annotation only and does not exclude the mark from comparison statistics.Carried at warrant/option value (net of strike), not underlying share value — not comparable to share marks as filed.Omitted from statistics — Carried at warrant/option value (net of strike), not underlying share value — not comparable to share marks as filed.$19.83Mar 31, 2026 · source ↗406dMar 31, 2026 · source ↗10-Q 2026-03-31 ↗

Cross-fund comparison

Debt investments

Included in the same underlying-company comparison band.

FundSecurity type / annotationsPrincipalFair valueFV / principalRateMaturityMark age vs roundNon-accrual
HTGCHercules Capital, Inc.senior secured loanFair Value — Senior SecuredFiled as senior secured loan; the comparison band's majority class is equity.No valuation basis was disclosed for this position. This is an annotation only and does not exclude the mark from comparison statistics.Omitted from statistics — security type is not an eligible fund-equity mark for dispersion.$21.3MMar 31, 2026 · source ↗$21.8MMar 31, 2026 · source ↗102.6%Mar 31, 2026 · source ↗Prime + 2.50 %, Floor rate 9.00 %, 2.00 % Exit FeeMar 31, 2026 · source ↗Jun 1, 2030Mar 31, 2026 · source ↗406dMar 31, 2026 · source ↗NoMar 31, 2026 · source ↗

Historical marks

Reported fair value by fund

Each bar is a disclosed position-quarter.

$3.8MPRIVXMar 31, 2026 · source ↗$21.8MHTGCMar 31, 2026 · source ↗$4.3MHTGCMar 31, 2026 · source ↗$2.2MHTGCMar 31, 2026 · source ↗
Figures are compiled from public filings.Read methodologyMELD Valuation