Companies · Telecommunications

Azulstar, Inc.

GRAND HAVEN · Telecommunications

Diligence memoA one-page analyst read on Azulstar, Inc. — recommendation, valuation, rhythm, risks.
$4.2M
Total raised · real
3
Rounds
0.2×
Latest step-up
Top 50%
Sector rank · raised
Seed
Latest stage · inferred · Fri Jun 01 2012 00:00:00 GMT+0000 (Coordinated Universal Time)

Azulstar, 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. Valuation uses the telecom sector profile.

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 0.12× the median modeled value of Seed Telecommunications companies in 2010–2012 (53 peers) — value vs value, same stage and era.
Dormant
  • Last raise 14.1 yr ago; this sector typically re-raises about every 10 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 Telecommunications

Azulstar, Inc. is one of 929 Telecommunications companies tracked from GRAND HAVEN. By capital raised it ranks mid-pack (ahead of 51% of sector peers), and in the long tail 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$25M$50M$75M$100MSeed · 2011-06-16 Raised $3.2M (real) Modeled valuation $69M (est)$3.2M$69MSeed2011Seed · 2011-06-29 Raised $838K (real) Modeled valuation $18M (est)$838K$18MSeed2011Seed · 2012-06-01 Raised $193K (real) Modeled valuation $4.1M (est)$193K$4.1MSeed2012+$838K+$193KCumulative $4.2M

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
Seed$3.2M · 2011
Seed extension$838K · 2011
Seed extension$193K · 2012

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$4.1M
Base estimate est.
$168K
Conservative case
$32.5M
Upside case
$963K
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 telecom sector profile. Directional, not a quoted figure.

Seed · modeled $68.8M · 2011-06-162011Seed · modeled $18.0M · 2011-06-29Seed · modeled $4.1M · 2012-06-012012
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
39%
Survival probability
18% low · 60% high
1.49×/yr
Annual markup
1.96×/yr upside case
6.0 yr
Elapsed time used
14.1 yr actual, capped for stale marks
telecom
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
6 mo
Avg between rounds
$4.4M/yr
Capital velocity
15.0 yr
On record since
2011
First round
3
Rounds on file
How it compares to the market

Benchmarked against 929 companies in Telecommunications. 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) 1.1× above median
This company$4.2M
Sector median$4.0M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.1× of median
This company$193K
Sector median$1.6M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$4.1M
Sector median$28.3M

Raised more than 51% of sector peers (real $). Modeled value above 13% 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 #51 of 53.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$1.0M$10.0MCapital raised (log)Glt Enterra, Lp · Seed Raised $4.0M · modeled $86.1M (est)Pavlov Media, Inc. · Seed Raised $4.0M · modeled $86.1M (est)Genband Inc. · Seed Raised $4.0M · modeled $85.2M (est)Edgecore Networks, Inc. · Seed Raised $7.2M · modeled $77.5M (est)Evolveip Holdings, Llc · Seed Raised $7.0M · modeled $75.4M (est)SignalSet, Inc. · Seed Raised $3.5M · modeled $74.5M (est)Vanu Coverage Co. · Seed Raised $3.2M · modeled $68.3M (est)Cenoplex, LLC · Seed Raised $4.5M · modeled $64.6M (est)Turnip Truck II, LLC · Seed Raised $3.0M · modeled $64.6M (est)aXess america, LLC · Seed Raised $2.9M · modeled $62.4M (est)Network Management Holdings, LLC · Seed Raised $4.4M · modeled $60.3M (est)Last Mile Inc · Seed Raised $4.5M · modeled $59.2M (est)Azulstar, Inc. (this company) Raised $4.2M · modeled $4.1M (est)Azulstar, Inc.
CompanyStageRaised · realValue · estvs peer med.
Glt Enterra, LpSeed$4.0M$86.1M2.41×
Pavlov Media, Inc.Seed$4.0M$86.1M2.41×
Genband Inc.Seed$4.0M$85.2M2.38×
Edgecore Networks, Inc.Seed$7.2M$77.5M2.17×
Evolveip Holdings, LlcSeed$7.0M$75.4M2.11×
SignalSet, Inc.Seed$3.5M$74.5M2.08×
Vanu Coverage Co.Seed$3.2M$68.3M1.91×
Cenoplex, LLCSeed$4.5M$64.6M1.81×
Turnip Truck II, LLCSeed$3.0M$64.6M1.81×
aXess america, LLCSeed$2.9M$62.4M1.75×
Network Management Holdings, LLCSeed$4.4M$60.3M1.69×
Last Mile IncSeed$4.5M$59.2M1.66×
Azulstar, Inc. this companySeed$4.2M$4.1M0.12×
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.
Seed$3.2M2011-06-16$16.0M$68.8M90%
Seed$838K2011-06-29$4.2M$18.0M90%
Seed$193K2012-06-01$963K$4.1M90%
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. Seed$3.2M2011-06-16
    • First recorded raise — entered as Seed.
  2. Seed$838K2011-06-29
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.8× smaller than the prior — bridge or down round.
  3. Seed$193K2012-06-01
    • Raised 11 mo later, in step with the ~10 mo sector norm.
    • Round 4.4× smaller than the prior — bridge or down round.
Intelligence
2012 ~Q4
Modeled next raise · ~6mo cadence
$193K
Modeled next size est.range $193K$308K
0.2×
Last step-up
$4.4M/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
John Smith5 other2012-06
Carl Jandernoa2012-06
Joe Asiala2012-06
Les Lewis2012-06
Leslie R. Lewis2011-06
Marc J. Van Houwelingen2011-06
Marc Van Houwelingen2012-06
Mark R. Lardieri2011-06
Merwyn R. Koster2011-06
Nicholas R. Van Houwelingen2011-06
Peter A. Van Houwelingen2011-06
Peter Van Houwelingen2012-06
Tony E. Van Houwelingen2011-06
Tony Van Houwelingen2012-06
Tyler S. Van Houwelingen2011-06
Tyler Van Houwelingen2012-06
Registry & provenance

Azulstar, 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
1524394
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
Arkleus Broadcasting, Inc.TelecommunicationsSeed$4.1M$22.5Msame sector · same stage
LiveWire Mobile, Inc.TelecommunicationsSeed$4.4M$17.2Msame sector · same stage
Iotum IncTelecommunicationsSeed$4.4M$3.4Msame sector · same stage
Nodify Networks, Inc.TelecommunicationsSeed$4.0M$7.8Msame sector · same stage
Red Bison Technology Group, LLCTelecommunicationsSeed$4.0M$3.9Msame sector · same stage
Naborforce, Inc.TelecommunicationsSeed$3.9M$1.2Msame sector · same stage
Lenco Mobile Inc.TelecommunicationsSeed$3.8M$15.1Msame sector · same stage
Lattice INCTelecommunicationsSeed$3.7M$4.7Msame sector · same stage
Frequently asked
How much funding has Azulstar, Inc. raised?
Azulstar, Inc. has raised approximately $4.2M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Azulstar, Inc.'s estimated valuation?
Provath's modeled valuation for Azulstar, Inc. is approximately $4.1M (modeled range $168K–$32.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Azulstar, Inc. at?
Azulstar, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Jun 01.
What does Azulstar, Inc. do and where is it based?
Azulstar, Inc. operates in the Telecommunications sector, based in GRAND HAVEN.
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