Diligence memo · auto-generated · as of July 2, 2026
Bluestem Brands, Inc.
Bluestem Brands, Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Bluestem Brands, Inc. operates in Retailing, based in EDEN PRAIRIE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Bluestem Brands, Inc. has raised $3.2M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $2.6M on 2013-12-13.
Most recent recorded round closed around 2013-12-13.
Valuation (modeled)modeled
Provath models Bluestem Brands, Inc. at approximately $16M (range $2.1M–$128M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.75× the median modeled value of Seed Retailing companies in 2013–2015 (103 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 17 months.
Last raise 12.5 yr ago; this sector typically re-raises about every 13 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 8.3× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 63% of Retailing peers (2347 compared).
Modeled value ranks above 73% of those peers.
Closest niche peers: DK Equity, LLC, Pam & Gela, Inc., Kaufmann Mercantile, Inc., Only Natural Pet Store, LLC, ROOY, Inc..
Peoplefiled
19 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.