Companies · Other

Athena Bitcoin Inc.

CHICAGO · Other

Diligence memoA one-page analyst read on Athena Bitcoin Inc. — recommendation, valuation, rhythm, risks.
$9.2M
Total raised · real
5
Rounds
1.3×
Latest step-up
Top 25%
Sector rank · raised
Series A
Latest stage · inferred · Fri Jul 26 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Athena Bitcoin Inc. looks under-valued 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.

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

Under-valued
  • Modeled value is 0.19× the median modeled value of Series A Other companies in 2019–2021 (858 peers) — value vs value, same stage and era.
Dormant
  • Last raise 6.9 yr ago; this sector typically re-raises about every 11 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 Other

Athena Bitcoin Inc. is one of 25008 Other companies tracked from CHICAGO. 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
Rule 506(b)
Reg D exemption
1
Investors (latest)
2015
Year incorporated
2019-07-26
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$100MPre-Seed · 2016-03-01 Raised $500K (real) Modeled valuation $12M (est)$500K$12MPre-Seed2016Seed · 2016-08-01 Raised $1.5M (real) Modeled valuation $28M (est)$1.5M$28MSeed2016Series A · 2018-04-01 Raised $5.4M (real) Modeled valuation $82M (est)$5.4M$82MSeries A2018Series A · 2018-10-01 Raised $800K (real) Modeled valuation $12M (est)$800K$12MSeries A2018Series A · 2019-07-26 Raised $1.0M (real) Modeled valuation $15M (est)$1.0M$15MSeries A2019+$1.5M+$5.4M+$800K+$1.0MCumulative $9.2M

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$500K · 2016
Seed$1.5M · 2016
Series A$5.4M · 2018
Series A extension$800K · 2018
Series A extension$1.0M · 2019

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

Modeled valuation trajectory
$15.1M
Base estimate est.
$1.4M
Conservative case
$82.3M
Upside case
$4.5M
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.

Pre-Seed · modeled $11.6M · 2016-03-012016Seed · modeled $27.9M · 2016-08-01Series A · modeled $82.2M · 2018-04-01Series A · modeled $12.1M · 2018-10-01Series A · modeled $15.1M · 2019-07-262019
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
6.0 yr
Elapsed time used
6.9 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$2.7M/yr
Capital velocity
10.3 yr
On record since
2016
First round
5
Rounds on file
How it compares to the market

Benchmarked against 25008 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) 4.5× above median
This company$9.2M
Sector median$2.0M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.2× of median
This company$1.0M
Sector median$5.7M
Modeled value — vs sector median (estimate, all stages) 0.9× of median
This company$15.1M
Sector median$17.7M

Raised more than 76% 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 #811 of 858.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)3901 Campbellton Rd., LLC · Series A Raised $15.0M · modeled $227.0M (est)No More Landfills Investment Group, LLC · Series A Raised $15.0M · modeled $227.0M (est)medpai group · Series A Raised $15.0M · modeled $227.0M (est)WestCap Bolt, LLC · Series A Raised $15.0M · modeled $227.0M (est)HBC Management Class B L.P. · Series A Raised $15.0M · modeled $226.3M (est)Globus Maritime Ltd · Series A Raised $27.4M · modeled $223.2M (est)Redwood Holding Group, LLC · Series A Raised $21.1M · modeled $222.5M (est)Sol de Janeiro Holdings, Inc. · Series A Raised $14.6M · modeled $220.6M (est)Patrick Partners LLC · Series A Raised $14.5M · modeled $219.4M (est)Concord Resources Holdings Ltd · Series A Raised $14.4M · modeled $218.2M (est)Bigstream Solutions, Inc. · Series A Raised $19.8M · modeled $216.3M (est)Engageli, Inc. · Series A Raised $14.5M · modeled $215.7M (est)Athena Bitcoin Inc. (this company) Raised $9.2M · modeled $15.1M (est)Athena Bitcoin Inc.
CompanyStageRaised · realValue · estvs peer med.
3901 Campbellton Rd., LLCSeries A$15.0M$227.0M2.81×
No More Landfills Investment Group, LLCSeries A$15.0M$227.0M2.81×
medpai groupSeries A$15.0M$227.0M2.81×
WestCap Bolt, LLCSeries A$15.0M$227.0M2.81×
HBC Management Class B L.P.Series A$15.0M$226.3M2.80×
Globus Maritime LtdSeries A$27.4M$223.2M2.76×
Redwood Holding Group, LLCSeries A$21.1M$222.5M2.75×
Sol de Janeiro Holdings, Inc.Series A$14.6M$220.6M2.73×
Patrick Partners LLCSeries A$14.5M$219.4M2.71×
Concord Resources Holdings LtdSeries A$14.4M$218.2M2.70×
Bigstream Solutions, Inc.Series A$19.8M$216.3M2.67×
Engageli, Inc.Series A$14.5M$215.7M2.67×
Athena Bitcoin Inc. this companySeries A$9.2M$15.1M0.19×
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$500K2016-03-01$2.8M$11.6M90%
Seed$1.5M2016-08-01$7.5M$27.9M90%
Series A$5.4M2018-04-01$24.7M$82.2M90%
Series A$800K2018-10-01$3.6M$12.1M90%
Series A$1.0M2019-07-26$4.5M$15.1M90%
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$500K2016-03-01
    • First recorded raise — entered as Pre-Seed.
    • 5 investors on this round.
  2. Seed$1.5M2016-08-01
    • Came back fast: 5 mo vs the ~11 mo sector norm.
    • Round 3.0× larger than the prior — scaling up.
    • 1 investor on this round.
  3. Series A$5.4M2018-04-01
    • Raised again after 20 mo — slower than the ~11 mo sector norm.
    • Round 3.6× larger than the prior — scaling up.
    • 8 investors on this round.
  4. Series A$800K2018-10-01
    • Came back fast: 6 mo vs the ~11 mo sector norm.
    • Round 6.8× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  5. Series A$1.0M2019-07-26
    • Raised 10 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
Intelligence
2020 ~Q2
Modeled next raise · ~10mo cadence
$1.3M
Modeled next size est.range $1.0M$2.0M
1.3×
Last step-up
$2.7M/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
Edward Weinhaus2 other2016-03
Eric Gravengaard1 other2016-03
Registry & provenance

Athena Bitcoin 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
1792536
SEC CIK
2015
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
Athena Bitcoin GlobalOtherSeed$3.9M$11.2Mnetwork2 shared operators · same sector
EDGE Markets, Inc.OtherSeries A$9.2M$14.5Msame sector · same stage
Spy Inc.OtherSeries A$9.2M$15.1Msame sector · same stage
Nevoya, Inc.OtherSeries A$9.3M$15.4Msame sector · same stage
Liquid Science Holdings, LLCOtherSeries A$9.4M$15.1Msame sector · same stage
CITYROW Holdings Inc.OtherSeries A$9.4M$14.5Msame sector · same stage
Dukky, LLCOtherSeries A$9.0M$15.1Msame sector · same stage
LRT Holdings, Inc.OtherSeries A$9.5M$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
Athena Bitcoin GlobalOtherSeed$11.2M92%
Athena IncOther TechnologySeries A$277.4M84%
Bitcoin Treasury CorpOtherSeries A$19.9M83%
Athena Gold CorpMining & ResourcesPre-Seed$843K83%
Pearl Bitcoin Co LLCOtherPre-Seed$2.1M81%
Lapa Athena LLCOtherSeries A$40.1M81%
American Bitcoin Corp.Other TechnologySeries D+$2.0B81%
Bitgo Holdings, Inc.OtherSeries D+$5.2M80%
Frequently asked
How much funding has Athena Bitcoin Inc. raised?
Athena Bitcoin Inc. has raised approximately $9.2M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Athena Bitcoin Inc.'s estimated valuation?
Provath's modeled valuation for Athena Bitcoin Inc. is approximately $15.1M (modeled range $1.4M–$82.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Athena Bitcoin Inc. at?
Athena Bitcoin Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Jul 26.
What does Athena Bitcoin Inc. do and where is it based?
Athena Bitcoin Inc. operates in the Other sector, based in CHICAGO.
Explore related

See where Athena Bitcoin Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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