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 · source ↗
Reported valuation$4B2025-02-18 · source ↗

Cross-fund comparison

Equity & warrant marks

One latest disclosed mark per fund.

FundFair valueSecurity / basisImplied price / shareMark age vs roundMethodology / filing
HTGCHercules Capital, Inc.$4.3MMar 31, 2026 · source ↗equityFair Value$27.80Not comparable — different security type or share classMar 31, 2026 · source ↗406dMar 31, 2026 · source ↗10-Q 2026-03-31 ↗
PRIVXPrivate Shares Fund$3.8MMar 31, 2026 · source ↗preferredFair value hierarchy level 3$27.45Not comparable — different security type or share classMar 31, 2026 · source ↗406dMar 31, 2026 · source ↗N-PORT 2026-03-31 ↗
HTGCHercules Capital, Inc.$2.2MMar 31, 2026 · source ↗warrantFair Value$19.83Not comparable — different security type or share classMar 31, 2026 · source ↗406dMar 31, 2026 · source ↗10-Q 2026-03-31 ↗
Not comparable — different security types or share classes

Cross-fund comparison

Debt investments

One latest disclosed debt mark per fund.

FundSecurity type / basisPrincipalFair valueFV / principalRateMaturityMark age vs roundNon-accrual
HTGCHercules Capital, Inc.senior secured loanFair Value — Senior Secured$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