Companies · Other

Armada Topco Inc.

Washington · Other

Diligence memoA one-page analyst read on Armada Topco Inc. — recommendation, valuation, rhythm, risks.
$10.3M
Total raised · real
2
Rounds
0.9×
Latest step-up
Top 23%
Sector rank · raised
Series A
Latest stage · inferred · Fri Nov 07 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Armada Topco Inc. looks fair against its niche peers and is active on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

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

Fair
  • Modeled value is 0.79× the median modeled value of Series A Other companies in 2025–2027 (487 peers) — value vs value, same stage and era.
  • Within the normal band (79% of peer median) for its niche.
Active
  • Last raise 8 mo ago; this sector typically re-raises about every 11 months.
  • Raising on or ahead of the sector's normal rhythm.
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

Armada Topco Inc. is one of 25015 Other companies tracked from Washington. By capital raised it ranks in the upper tier (ahead of 78% 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
4
Investors (latest)
2021
Year incorporated
2025-11-07
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$25M$50M$75M$100MSeries A · 2021-10-29 Raised $5.3M (real) Modeled valuation $54M (est)$5.3M$54MSeries A2021Series A · 2025-11-07 Raised $5.0M (real) Modeled valuation $15M (est)$5.0M$15MSeries A2025+$5.0MCumulative $10M

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
Series A$5.3M · 2021
Series A extension$5.0M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$15.2M
Base estimate est.
$6.8M
Conservative case
$24.1M
Upside case
$22.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Series A · modeled $54.4M · 2021-10-292021Series A · modeled $15.2M · 2025-11-072025
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
55%
Survival probability
30% low · 75% high
1.35×/yr
Annual markup
1.70×/yr upside case
0.7 yr
Elapsed time used
0.7 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
48 mo
Avg between rounds
$2.6M/yr
Capital velocity
4.7 yr
On record since
2021
First round
2
Rounds on file
How it compares to the market

Benchmarked against 25015 companies in Other. 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) 5.1× above median
This company$10.3M
Sector median$2.0M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.9× of median
This company$5.0M
Sector median$5.7M
Modeled value — vs sector median (estimate, all stages) 0.9× of median
This company$15.2M
Sector median$17.7M

Raised more than 78% of sector peers (real $). Modeled value above 47% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #347 of 487.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Sea Court GP, LLC · Series A Raised $15.0M · modeled $57.7M (est)Kastle Biopartners II LP · Series A Raised $14.4M · modeled $53.2M (est)Econic Investment LLC · Series A Raised $14.0M · modeled $53.1M (est)DCFC Holdings, LLC · Series A Raised $16.1M · modeled $51.8M (est)HeadVantage Corp · Series A Raised $15.0M · modeled $50.8M (est)Cobbs Creek Restoration & Community Foundation · Series A Raised $14.1M · modeled $50.5M (est)Mawson Resources Ltd · Series A Raised $26.3M · modeled $50.3M (est)Chess Champion Ltd Liability Co · Series A Raised $15.0M · modeled $50.1M (est)Sepratech TopCo, LLC · Series A Raised $14.6M · modeled $49.7M (est)MATT & LEWIS DEVELOPMENT Ltd LIABILITY Co · Series A Raised $15.0M · modeled $48.7M (est)FlyGuys, Inc · Series A Raised $16.7M · modeled $48.6M (est)Empyrean Club, LLC · Series A Raised $14.0M · modeled $48.1M (est)Armada Topco Inc. (this company) Raised $10.3M · modeled $15.2M (est)Armada Topco Inc.
CompanyStageRaised · realValue · estvs peer med.
Sea Court GP, LLCSeries A$15.0M$57.7M2.99×
Kastle Biopartners II LPSeries A$14.4M$53.2M2.75×
Econic Investment LLCSeries A$14.0M$53.1M2.75×
DCFC Holdings, LLCSeries A$16.1M$51.8M2.68×
HeadVantage CorpSeries A$15.0M$50.8M2.63×
Cobbs Creek Restoration & Community FoundationSeries A$14.1M$50.5M2.61×
Mawson Resources LtdSeries A$26.3M$50.3M2.60×
Chess Champion Ltd Liability CoSeries A$15.0M$50.1M2.59×
Sepratech TopCo, LLCSeries A$14.6M$49.7M2.57×
MATT & LEWIS DEVELOPMENT Ltd LIABILITY CoSeries A$15.0M$48.7M2.52×
FlyGuys, IncSeries A$16.7M$48.6M2.51×
Empyrean Club, LLCSeries A$14.0M$48.1M2.49×
Armada Topco Inc. this companySeries A$10.3M$15.2M0.79×
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.
Series A$5.3M2021-10-29$24.3M$54.4M90%
Series A$5.0M2025-11-07$22.7M$15.2M90%
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. Series A$5.3M2021-10-29
    • First recorded raise — entered as Series A.
    • 5 investors on this round.
  2. Series A$5.0M2025-11-07
    • Raised again after 48 mo — slower than the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 4 investors on this round.
Intelligence
2029 ~Q4
Modeled next raise · ~48mo cadence
$5.0M
Modeled next size est.range $5.0M$8.0M
0.9×
Last step-up
$2.6M/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
David Waxman4 other2021-10
DEREK WHANG2 other2021-10
Aaron Hurwitz1 other2025-11
Thomas Rabaut1 other2025-11
Elgin Helton2021-10
Mary Jackson2025-11
Michael Cochran2025-11
Michael Keenan, Jr.2021-10
Ray Whiteman2025-11
Robert McPherson2025-11
William Langenstein2025-11
Yehuda Chakoff2025-11
Registry & provenance

Armada Topco 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
1896679
SEC CIK
2021
Incorporated
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
Delta Band Inc.OtherSeries A$16.5M$38.7Mnetwork1 shared operator · same sector · same stage
Impacked Inc.OtherSeries A$4.7M$23.0Mnetwork1 shared operator · same sector · same stage
BioLite, Inc.OtherSeries A$10.9M$15.1Msame sector · same stage
LEADOPTIK Inc.OtherSeries A$11.2M$14.9Msame sector · same stage
LRT Holdings, Inc.OtherSeries A$9.5M$15.1Msame sector · same stage
Liquid Science Holdings, LLCOtherSeries A$9.4M$15.1Msame sector · same stage
Nevoya, Inc.OtherSeries A$9.3M$15.4Msame sector · same stage
Athena Bitcoin Inc.OtherSeries A$9.2M$15.1Msame sector · same stage
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
Kite Topco Inc.OtherSeries A$5.8M88%
Top Ships Inc.OtherSeries A$55.4M88%
Axe Topco, Inc.OtherGrowth/Late$194.0M87%
Pm Topco Inc.OtherSeries B$371.7M87%
Mercury Topco Holdings, Inc.OtherSeries A$45.2M86%
Maverick Topco, LLCOtherSeed$17.9M86%
Future Topco LtdOtherSeries B$209.3M86%
Mountain Topco, Inc.OtherGrowth/Late$6.5B85%
Frequently asked
How much funding has Armada Topco Inc. raised?
Armada Topco Inc. has raised approximately $10.3M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Armada Topco Inc.'s estimated valuation?
Provath's modeled valuation for Armada Topco Inc. is approximately $15.2M (modeled range $6.8M–$24.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Armada Topco Inc. at?
Armada Topco Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Nov 07.
What does Armada Topco Inc. do and where is it based?
Armada Topco Inc. operates in the Other sector, based in Washington.
Explore related

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