Companies · Other

Body & Mind Inc.

VANCOUVER · Other

Diligence memoA one-page analyst read on Body & Mind Inc. — recommendation, valuation, rhythm, risks.
$27.9M
Total raised · real
14
Rounds
0.9×
Latest step-up
Top 12%
Sector rank · raised
Series A
Latest stage · inferred · Fri Feb 09 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Body & Mind Inc. 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 0.02× 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 2.4 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

Body & Mind Inc. is one of 25008 Other companies tracked from VANCOUVER. By capital raised it ranks in the upper tier (ahead of 89% 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
Rule 506(b)
Reg D exemption
1
Investors (latest)
2024-02-09
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$200MSeed · 2017-08-15 Raised $1.1M (real) Modeled valuation $20M (est)Seed2017Series A · 2017-11-14 Raised $9.5M (real) Modeled valuation $143M (est)Series A2017Series A · 2019-05-17 Raised $1.1M (real) Modeled valuation $17M (est)Series A2019Series A · 2020-07-01 Raised $1.2M (real) Modeled valuation $18M (est)Series A2020Series A · 2020-10-21 Raised $312K (real) Modeled valuation $4.3M (est)Series A2020Series A · 2021-07-19 Raised $6.7M (real) Modeled valuation $74M (est)Series A2021Series A · 2021-09-21 Raised $472K (real) Modeled valuation $4.9M (est)Series A2021Series A · 2021-12-03 Raised $998K (real) Modeled valuation $9.9M (est)Series A2021Series A · 2022-06-14 Raised $160K (real) Modeled valuation $1.3M (est)Series A2022Series A · 2022-12-07 Raised $2.2M (real) Modeled valuation $16M (est)Series A2022Series A · 2022-12-19 Raised $3.0M (real) Modeled valuation $22M (est)Series A2022Series A · 2022-12-21 Raised $979K (real) Modeled valuation $7.1M (est)Series A2022Series A · 2023-04-25 Raised $205K (real) Modeled valuation $1.3M (est)Series A2023Series A · 2024-02-09 Raised $179K (real) Modeled valuation $914K (est)Series A2024Cumulative $28M

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$1.1M · 2017
Series A$9.5M · 2017
Series A extension$1.1M · 2019
Series A extension$1.2M · 2020
Series A extension$312K · 2020
Series A extension$6.7M · 2021
Series A extension$472K · 2021
Series A extension$998K · 2021
Series A extension$160K · 2022
Series A extension$2.2M · 2022
Series A extension$3.0M · 2022
Series A extension$979K · 2022
Series A extension$205K · 2023
Series A extension$179K · 2024

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: 67%.

Modeled valuation trajectory
$914K
Base estimate est.
$243K
Conservative case
$2.2M
Upside case
$811K
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.

Seed · modeled $19.6M · 2017-08-152017Series A · modeled $143.2M · 2017-11-14Series A · modeled $16.6M · 2019-05-17Series A · modeled $17.8M · 2020-07-01Series A · modeled $4.3M · 2020-10-21Series A · modeled $73.6M · 2021-07-19Series A · modeled $4.9M · 2021-09-21Series A · modeled $9.9M · 2021-12-03Series A · modeled $1.3M · 2022-06-14Series A · modeled $15.9M · 2022-12-07Series A · modeled $21.6M · 2022-12-19Series A · modeled $7.1M · 2022-12-21Series A · modeled $1.3M · 2023-04-25Series A · modeled $914K · 2024-02-092024
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
2.4 yr
Elapsed time used
2.4 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
6 mo
Avg between rounds
$4.3M/yr
Capital velocity
8.9 yr
On record since
2017
First round
14
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) 14× above median
This company$27.9M
Sector median$2.0M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.0× of median
This company$179K
Sector median$5.7M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$914K
Sector median$17.7M

Raised more than 89% of sector peers (real $). Modeled value above 5% 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 #1129 of 1,135.

This companyCohort peer
$100K$1.0M$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)Body & Mind Inc. (this company) Raised $27.9M · modeled $914K (est)Body & Mind Inc.
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×
Body & Mind Inc. this companySeries A$27.9M$914K0.02×
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$1.1M2017-08-15$5.3M$19.6M90%
Series A$9.5M2017-11-14$43.0M$143.2M90%
Series A$1.1M2019-05-17$5.0M$16.6M90%
Series A$1.2M2020-07-01$5.3M$17.8M90%
Series A$312K2020-10-21$1.4M$4.3M90%
Series A$6.7M2021-07-19$30.3M$73.6M90%
Series A$472K2021-09-21$2.1M$4.9M90%
Series A$998K2021-12-03$4.5M$9.9M90%
Series A$160K2022-06-14$727K$1.3M90%
Series A$2.2M2022-12-07$9.9M$15.9M90%
Series A$3.0M2022-12-19$13.6M$21.6M90%
Series A$979K2022-12-21$4.5M$7.1M90%
Series A$205K2023-04-25$932K$1.3M90%
Series A$179K2024-02-09$811K$914K90%
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$1.1M2017-08-15
    • First recorded raise — entered as Seed.
    • 11 investors on this round.
  2. Series A$9.5M2017-11-14
    • Came back fast: 3 mo vs the ~11 mo sector norm.
    • Round 9.0× larger than the prior — scaling up.
    • 8 investors on this round.
  3. Series A$1.1M2019-05-17
    • Raised again after 18 mo — slower than the ~11 mo sector norm.
    • Round 8.6× smaller than the prior — bridge or down round.
    • 8 investors on this round.
  4. Series A$1.2M2020-07-01
    • Raised 14 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  5. Series A$312K2020-10-21
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 3.8× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  6. Series A$6.7M2021-07-19
    • Raised 9 mo later, in step with the ~11 mo sector norm.
    • Round 21.4× larger than the prior — scaling up.
    • 1 investor on this round.
  7. Series A$472K2021-09-21
    • Came back fast: 2 mo vs the ~11 mo sector norm.
    • Round 14.1× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  8. Series A$998K2021-12-03
    • Came back fast: 2 mo vs the ~11 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
    • 1 investor on this round.
  9. Series A$160K2022-06-14
    • Came back fast: 6 mo vs the ~11 mo sector norm.
    • Round 6.2× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  10. Series A$2.2M2022-12-07
    • Came back fast: 6 mo vs the ~11 mo sector norm.
    • Round 13.7× larger than the prior — scaling up.
    • 1 investor on this round.
  11. Series A$3.0M2022-12-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× larger than the prior — scaling up.
    • 3 investors on this round.
  12. Series A$979K2022-12-21
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.1× smaller than the prior — bridge or down round.
    • 9 investors on this round.
  13. Series A$205K2023-04-25
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 4.8× smaller than the prior — bridge or down round.
    • 9 investors on this round.
  14. Series A$179K2024-02-09
    • 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
2024 ~Q3
Modeled next raise · ~6mo cadence
$179K
Modeled next size est.range $179K$286K
0.9×
Last step-up
$4.3M/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
Dong Shim6 other2019-05
Stephen Hoffman6 other2020-10
Dong H. Shim4 other2017-08
Darren Tindale2 other2017-08
LEONARD CLOUGH2 other2019-05
Josh Rosen1 other2023-04
Michael Mills1 other2020-07
Scott Dowty1 other2019-05
Alexis Podesta2021-07
Brent Edwin Reuter2020-07
Brent Reuter2020-10
Chris H. MacLeod2017-08
Darren August Tindale2020-07
David August Wenger2020-07
David Wenger2020-10
Dong Hyun Edwin Shim2020-07
Dong Hyun Shim2020-10
Kevin H. Hooks2017-11
Kevin Hooks2019-05
Leonard H. Clough2017-11
Robert Hasman2019-05
Robert H. Hasman2017-11
Stephen August Hoffman2020-07
Trip Hoffman2019-05
Registry & provenance

Body & Mind 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
1715611
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
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5Metis, Inc.OtherSeries A$11.6M$876Ksame sector · same stage
Curtiss Motorcycle Company, Inc.OtherSeries A$10.7M$858Ksame sector · same stage
Vireo Growth Inc.OtherSeries C$197.6M$9.6Mnetwork1 shared operator · same sector
Australis Capital IncOtherSeed$3.2M$3.4Mnetwork1 shared operator · same sector
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
BodyBio, Inc.OtherPre-Seed$15.6M85%
Mind Medicine, Inc.OtherSeries B$320.6M83%
Mindful Nourishment, LLCOtherSeries A$3.8M82%
Ever/Body, Inc.OtherSeries B$430.2M82%
Bodyshopbids, Inc.OtherSeries B$39.6M81%
Mindhealth Biomed Corp.OtherPre-Seed$15.9M80%
Body Wellness Fitness & Management Inc.Sports & FitnessPre-Seed$11.6M80%
Body Details, LLCOther Health CareSeries A$84.8M80%
Frequently asked
How much funding has Body & Mind Inc. raised?
Body & Mind Inc. has raised approximately $27.9M in disclosed capital across 14 recorded financing rounds, aggregated from public filings.
What is Body & Mind Inc.'s estimated valuation?
Provath's modeled valuation for Body & Mind Inc. is approximately $914K (modeled range $243K–$2.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Body & Mind Inc. at?
Body & Mind Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Feb 09.
What does Body & Mind Inc. do and where is it based?
Body & Mind Inc. operates in the Other sector, based in VANCOUVER.
Explore related

See where Body & Mind 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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