Companies · Retailing

Altrec Inc

REDMOND · Retailing

Diligence memoA one-page analyst read on Altrec Inc — recommendation, valuation, rhythm, risks.
$6.6M
Total raised · real
6
Rounds
1.8×
Latest step-up
Top 25%
Sector rank · raised
Seed
Latest stage · inferred · Tue May 07 2013 00:00:00 GMT+0000 (Coordinated Universal Time)

Altrec Inc looks fair against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the retail sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 1.19× the median modeled value of Seed Retailing companies in 2013–2015 (103 peers) — value vs value, same stage and era.
  • Within the normal band (119% of peer median) for its niche.
Dormant
  • Last raise 13.1 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal cadence.
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 Retailing

Altrec Inc is one of 2347 Retailing companies tracked from REDMOND. By capital raised it ranks in the upper tier (ahead of 76% 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
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$5.0M$10M$15M$20MPre-Seed · 2009-04-02 Raised $155K (real) Modeled valuation $1.2M (est)$155K$1.2MPre-Seed2009Pre-Seed · 2009-09-18 Raised $225K (real) Modeled valuation $1.8M (est)$225K$1.8MPre-Seed2009Seed · 2010-09-14 Raised $1.5M (real) Modeled valuation $9.5M (est)$1.5M$9.5MSeed2010Seed · 2010-11-09 Raised $2.0M (real) Modeled valuation $13M (est)$2.0M$13MSeed2010Seed · 2010-11-09 Raised $1.0M (real) Modeled valuation $6.3M (est)$1.0M$6.3MSeed2010Seed · 2013-05-07 Raised $1.8M (real) Modeled valuation $11M (est)$1.8M$11MSeed2013+$225K+$1.5M+$2.0M+$1.0M+$1.8MCumulative $6.6M

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
Pre-Seed$155K · 2009
Pre-Seed extension$225K · 2009
Seed$1.5M · 2010
Seed extension$2.0M · 2010
Seed extension$1.0M · 2010
Seed extension$1.8M · 2013

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$11.0M
Base estimate est.
$1.4M
Conservative case
$86.6M
Upside case
$8.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the retail sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $1.2M · 2009-04-022009Pre-Seed · modeled $1.8M · 2009-09-18Seed · modeled $9.5M · 2010-09-14Seed · modeled $12.6M · 2010-11-09Seed · modeled $6.3M · 2010-11-09Seed · modeled $11.0M · 2013-05-072013
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
36%
Survival probability
16% low · 56% high
1.23×/yr
Annual markup
1.61×/yr upside case
6.0 yr
Elapsed time used
13.2 yr actual, capped for stale marks
retail
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$1.6M/yr
Capital velocity
17.2 yr
On record since
2009
First round
6
Rounds on file
How it compares to the market

Benchmarked against 2347 companies in Retailing. 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) 4.2× above median
This company$6.6M
Sector median$1.6M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.1× above median
This company$1.8M
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 1.9× above median
This company$11.0M
Sector median$5.8M

Raised more than 76% of sector peers (real $). Modeled value above 65% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) 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 #41 of 103.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0MCapital raised (log)DK Equity, LLC · Seed Raised $3.7M · modeled $23.4M (est)Pam & Gela, Inc. · Seed Raised $3.5M · modeled $22.1M (est)Kaufmann Mercantile, Inc. · Seed Raised $3.6M · modeled $22.1M (est)Only Natural Pet Store, LLC · Seed Raised $7.8M · modeled $21.7M (est)ROOY, Inc. · Seed Raised $3.5M · modeled $21.5M (est)Migdal 1 LLC · Seed Raised $3.3M · modeled $21.1M (est)Marine Layer, Inc. · Seed Raised $7.0M · modeled $20.5M (est)Fastener Investors, LLC · Seed Raised $6.4M · modeled $20.5M (est)Kidtellect, Inc. · Seed Raised $3.6M · modeled $20.3M (est)American Eagle Outfitters Inc · Seed Raised $3.1M · modeled $19.5M (est)Tuckernuck, Inc. · Seed Raised $3.1M · modeled $19.4M (est)A-1 Screenprinting, LLC · Seed Raised $3.0M · modeled $18.9M (est)Altrec Inc (this company) Raised $6.6M · modeled $11.0M (est)Altrec Inc
CompanyStageRaised · realValue · estvs peer med.
DK Equity, LLCSeed$3.7M$23.4M2.53×
Pam & Gela, Inc.Seed$3.5M$22.1M2.38×
Kaufmann Mercantile, Inc.Seed$3.6M$22.1M2.38×
Only Natural Pet Store, LLCSeed$7.8M$21.7M2.34×
ROOY, Inc.Seed$3.5M$21.5M2.32×
Migdal 1 LLCSeed$3.3M$21.1M2.28×
Marine Layer, Inc.Seed$7.0M$20.5M2.21×
Fastener Investors, LLCSeed$6.4M$20.5M2.21×
Kidtellect, Inc.Seed$3.6M$20.3M2.19×
American Eagle Outfitters IncSeed$3.1M$19.5M2.10×
Tuckernuck, Inc.Seed$3.1M$19.4M2.09×
A-1 Screenprinting, LLCSeed$3.0M$18.9M2.04×
Altrec Inc this companySeed$6.6M$11.0M1.19×
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.
Pre-Seed$155K2009-04-02$861K$1.2M90%
Pre-Seed$225K2009-09-18$1.3M$1.8M90%
Seed$1.5M2010-09-14$7.5M$9.5M90%
Seed$2.0M2010-11-09$10.0M$12.6M90%
Seed$1.0M2010-11-09$5.0M$6.3M90%
Seed$1.8M2013-05-07$8.8M$11.0M90%
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. Pre-Seed$155K2009-04-02
    • First recorded raise — entered as Pre-Seed.
  2. Pre-Seed$225K2009-09-18
    • Came back fast: 6 mo vs the ~13 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
  3. Seed$1.5M2010-09-14
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round 6.7× larger than the prior — scaling up.
  4. Seed$2.0M2010-11-09
    • Came back fast: 2 mo vs the ~13 mo sector norm.
    • Round 1.3× larger than the prior — scaling up.
  5. Seed$1.0M2010-11-09
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.0× smaller than the prior — bridge or down round.
  6. Seed$1.8M2013-05-07
    • Raised again after 30 mo — slower than the ~13 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
Intelligence
2014 ~Q1
Modeled next raise · ~10mo cadence
$3.1M
Modeled next size est.range $2.0M$4.9M
1.8×
Last step-up
$1.6M/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
Christopher Kelly5 other2010-09
Michael Morford5 other2009-04
Eric Best4 other2013-05
Ray Johnson3 other2013-05
Christopher R. Kelly2 other2009-04
Don Pickering2009-04
Don R. Pickering2009-09
Timur Yarnall2013-05
Registry & provenance

Altrec 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
1097460
SEC CIK
Similar companies

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.

CompanySectorStageRaised · realValue · estWhy similar
Wantable, Inc.RetailingSeed$6.6M$9.1Msame sector · same stage
Revel Spirits, IncRetailingSeed$6.4M$10.5Msame sector · same stage
Bag Borrow Or Steal Inc.RetailingSeed$6.2M$11.4Msame sector · same stage
Cleanboss, Inc.RetailingSeed$6.2M$9.4Msame sector · same stage
Fanchest Inc.RetailingSeed$7.2M$13.3Msame sector · same stage
Follain Launch, Inc.RetailingSeed$6.1M$14.2Msame sector · same stage
Dm Natural Products, Inc.RetailingSeed$6.1M$7.9Msame sector · same stage
Trice Coffee Inc.RetailingSeed$7.8M$8.6Msame sector · same stage
Frequently asked
How much funding has Altrec Inc raised?
Altrec Inc has raised approximately $6.6M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Altrec Inc's estimated valuation?
Provath's modeled valuation for Altrec Inc is approximately $11.0M (modeled range $1.4M–$86.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Altrec Inc at?
Altrec Inc's latest modeled financing stage is Seed. Its most recent recorded round closed around Tue May 07.
What does Altrec Inc do and where is it based?
Altrec Inc operates in the Retailing sector, based in REDMOND.
Explore related

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