Companies · Other

Barnana, Pbc

LOS ANGELES · Other

Diligence memoA one-page analyst read on Barnana, Pbc — recommendation, valuation, rhythm, risks.
$24.3M
Total raised · real
9
Rounds
5.0×
Latest step-up
Top 14%
Sector rank · raised
Series A
Latest stage · inferred · Mon Oct 24 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Barnana, Pbc looks under-valued against its niche peers and is at-risk 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 0.39× the median modeled value of Series A Other companies in 2022–2024 (1135 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.7 yr ago; this sector typically re-raises about every 11 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

Barnana, Pbc is one of 25008 Other companies tracked from LOS ANGELES. By capital raised it ranks in the upper tier (ahead of 87% 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)
2022-10-24
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$50M$100M$150M$200MPre-Seed · 2013-11-28 Raised $987K (real) Modeled valuation $23M (est)Pre-Seed2013Pre-Seed · 2014-11-10 Raised $975K (real) Modeled valuation $23M (est)Pre-Seed2014Series A · 2016-09-12 Raised $4.0M (real) Modeled valuation $61M (est)Series A2016Series A · 2017-12-26 Raised $8.3M (real) Modeled valuation $126M (est)Series A2017Series A · 2019-11-25 Raised $875K (real) Modeled valuation $13M (est)Series A2019Seed · 2020-06-29 Raised $3.0M (real) Modeled valuation $56M (est)Seed2020Series A · 2020-06-29 Raised $4.8M (real) Modeled valuation $72M (est)Series A2020Series A · 2021-06-07 Raised $2.0M (real) Modeled valuation $23M (est)Series A2021Series A · 2022-08-31 Raised $400K (real) Modeled valuation $3.2M (est)Series A2022Series A · 2022-10-24 Raised $2.0M (real) Modeled valuation $15M (est)Series A2022+$975K+$4.0M+$8.3M+$875K+$3.0M+$4.8M+$2.0M+$400K+$2.0MCumulative $27M

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$987K · 2013
Pre-Seed extension$975K · 2014
Series A$4.0M · 2016no Seed on file
Series A extension$8.3M · 2017
Series A extension$875K · 2019
Bridge · Series A-stage$3.0M · 2020smaller follow-on
Series A extension$4.8M · 2020
Series A extension$2.0M · 2021
Series A extension$400K · 2022
Series A extension$2.0M · 2022

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.
$2.7M
Conservative case
$48.2M
Upside case
$9.1M
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 $22.8M · 2013-11-282013Pre-Seed · modeled $22.5M · 2014-11-10Series A · modeled $60.7M · 2016-09-12Series A · modeled $125.7M · 2017-12-26Series A · modeled $13.2M · 2019-11-25Seed · modeled $55.8M · 2020-06-29Series A · modeled $71.9M · 2020-06-29Series A · modeled $22.9M · 2021-06-07Series A · modeled $3.2M · 2022-08-31Series A · modeled $15.1M · 2022-10-242022
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
3.7 yr
Elapsed time used
3.7 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
12 mo
Avg between rounds
$2.7M/yr
Capital velocity
12.6 yr
On record since
2013
First round
10
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) 12× above median
This company$24.3M
Sector median$2.0M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.4× of median
This company$2.0M
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 87% 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 #997 of 1,135.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Ness Well, Inc. · Series A Raised $14.9M · modeled $142.4M (est)Quantori, Inc. · Series A Raised $15.0M · modeled $138.5M (est)Applause Network TV, Inc. · Series A Raised $15.0M · modeled $135.0M (est)Qquv Investments 5, Llc · Series A Raised $15.0M · modeled $135.0M (est)Trustworthy Co · Series A Raised $15.5M · modeled $134.2M (est)DigniFi Holding, Inc. · Series A Raised $24.3M · modeled $133.9M (est)Proventures Capital, Inc. · Series A Raised $14.7M · modeled $132.9M (est)Zenledger, Inc. · Series A Raised $21.6M · modeled $132.0M (est)Gridwise, Inc. · Series A Raised $20.4M · modeled $131.7M (est)Aztec Broadway Ltd Liability Co · Series A Raised $14.0M · modeled $127.6M (est)KABR Jamaica SPE LLC · Series A Raised $14.7M · modeled $126.8M (est)Harmony Musical LLC · Series A Raised $15.0M · modeled $126.2M (est)Barnana, Pbc (this company) Raised $24.3M · modeled $15.1M (est)Barnana, Pbc
CompanyStageRaised · realValue · estvs peer med.
Ness Well, Inc.Series A$14.9M$142.4M3.67×
Quantori, Inc.Series A$15.0M$138.5M3.57×
Applause Network TV, Inc.Series A$15.0M$135.0M3.48×
Qquv Investments 5, LlcSeries A$15.0M$135.0M3.48×
Trustworthy CoSeries A$15.5M$134.2M3.46×
DigniFi Holding, Inc.Series A$24.3M$133.9M3.45×
Proventures Capital, Inc.Series A$14.7M$132.9M3.42×
Zenledger, Inc.Series A$21.6M$132.0M3.40×
Gridwise, Inc.Series A$20.4M$131.7M3.39×
Aztec Broadway Ltd Liability CoSeries A$14.0M$127.6M3.29×
KABR Jamaica SPE LLCSeries A$14.7M$126.8M3.26×
Harmony Musical LLCSeries A$15.0M$126.2M3.25×
Barnana, Pbc this companySeries A$24.3M$15.1M0.39×
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$987K2013-11-28$5.5M$22.8M85%
Pre-Seed$975K2014-11-10$5.4M$22.5M85%
Series A$4.0M2016-09-12$18.2M$60.7M85%
Series A$8.3M2017-12-26$37.8M$125.7M90%
Series A$875K2019-11-25$4.0M$13.2M90%
Seed$3.0M2020-06-29$15.0M$55.8M90%
Series A$4.8M2020-06-29$21.6M$71.9M90%
Series A$2.0M2021-06-07$9.1M$22.9M90%
Series A$400K2022-08-31$1.8M$3.2M90%
Series A$2.0M2022-10-24$9.1M$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$987K2013-11-28
    • First recorded raise — entered as Pre-Seed.
    • 7 investors on this round.
  2. Pre-Seed$975K2014-11-10
    • Raised 11 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 7 investors on this round.
  3. Series A$4.0M2016-09-12
    • Raised again after 22 mo — slower than the ~11 mo sector norm.
    • Round 4.1× larger than the prior — scaling up.
    • 3 investors on this round.
  4. Series A$8.3M2017-12-26
    • Raised 15 mo later, in step with the ~11 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
    • 18 investors on this round.
  5. Series A$875K2019-11-25
    • Raised again after 23 mo — slower than the ~11 mo sector norm.
    • Round 9.5× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  6. Seed$3.0M2020-06-29
    • Raised 7 mo later, in step with the ~11 mo sector norm.
    • Round 3.4× larger than the prior — scaling up.
    • 1 investor on this round.
  7. Series A$4.8M2020-06-29
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× larger than the prior — scaling up.
    • 2 investors on this round.
  8. Series A$2.0M2021-06-07
    • Raised 11 mo later, in step with the ~11 mo sector norm.
    • Round 2.4× smaller than the prior — bridge or down round.
    • 6 investors on this round.
  9. Series A$400K2022-08-31
    • Raised 15 mo later, in step with the ~11 mo sector norm.
    • Round 5.0× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  10. Series A$2.0M2022-10-24
    • Came back fast: 2 mo vs the ~11 mo sector norm.
    • Round 5.0× larger than the prior — scaling up.
    • 1 investor on this round.
Intelligence
2023 ~Q4
Modeled next raise · ~12mo cadence
$6.0M
Modeled next size est.range $3.9M$9.6M
5.0×
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
Patrick Finn5 other2014-11
Dayton Miller3 other2017-12
Scot Cohen3 other2014-11
JERRY BELLO2 other2013-11
Tom Spier2 other2016-09
Alan Leavitt1 other2017-12
Alfred Multari1 other2019-11
CAUE SUPLICY2013-11
Francesca Schechter2022-08
Jerry Bellow2014-11
MATTHEW CLIFFORD2013-11
Miller Dayton2020-06
Registry & provenance

Barnana, Pbc 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
1591027
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
10000, Inc.OtherSeries A$29.6M$40.5Mnetwork1 shared operator · same sector · same stage
Caulipower, LLCOtherSeries A$10.2M$123.9Mnetwork1 shared operator · same sector · same stage
Brad's Raw Chips, LLCOtherSeries A$5.7M$80.2Mnetwork1 shared operator · same sector · same stage
We The Pie People, LLCOtherSeries A$5.0M$75.7Mnetwork1 shared operator · same sector · same stage
Pearsonia West Investment Group, LLCOtherSeries A$4.4M$66.6Mnetwork1 shared operator · same sector · same stage
Access Closure, Inc.OtherSeries A$23.6M$15.6Msame sector · same stage
Red Barn Dog Investor Holdings LLCOtherSeries A$21.9M$15.0Msame sector · same stage
Plethora CorpOtherSeries A$20.9M$15.2Msame 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
CoPeace PBCOtherPre-Seed$10.4M75%
Town Kitchen PbcFood & BeveragePre-Seed$13.9M74%
Cove, PBCOtherSeries A$75.7M74%
Miyoko's, PBCOtherSeries C$16.3M74%
Finca Chocolat Belize, LLCFood & BeveragePre-Seed$5.0M73%
Makina (BVI) Ltd.OtherSeed$9.0M73%
Bouqs CoOtherSeries B$399.5M73%
Adyton PBCOtherSeries A$45.5M73%
Frequently asked
How much funding has Barnana, Pbc raised?
Barnana, Pbc has raised approximately $24.3M in disclosed capital across 9 recorded financing rounds, aggregated from public filings.
What is Barnana, Pbc's estimated valuation?
Provath's modeled valuation for Barnana, Pbc is approximately $15.1M (modeled range $2.7M–$48.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Barnana, Pbc at?
Barnana, Pbc's latest modeled financing stage is Series A. Its most recent recorded round closed around Mon Oct 24.
What does Barnana, Pbc do and where is it based?
Barnana, Pbc operates in the Other sector, based in LOS ANGELES.
Explore related

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

Is this your company?

If you work at Barnana, Pbc, claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.