Companies · Retailing

Bulletin, Inc.Winter 2017Acquired

NEW YORK · NY, USA · Retailing · founded 2016 · https://bulletin.co

Diligence memoA one-page analyst read on Bulletin, Inc. — recommendation, valuation, rhythm, risks.
$10.3M
Total raised · real
2
Rounds
32.1×
Latest step-up
Top 20%
Sector rank · raised
Series A
Latest stage · inferred · Fri Feb 08 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Bulletin, Inc. looks over-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 retail sector profile.

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

Over-valued
  • Modeled value is 1.96× the median modeled value of Series A Retailing companies in 2019–2021 (76 peers) — value vs value, same stage and era.
Dormant
  • Last raise 7.4 yr ago; this sector typically re-raises about every 13 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 Retailing

Bulletin, Inc. is one of 2347 Retailing companies tracked from NEW YORK, NY, USA, on record since 2016. By capital raised it ranks in the upper tier (ahead of 81% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Helping retailers discover and shop the best brands on the planet

Bulletin is a small business community that allows independent brands and retailers to connect, transact, and grow together.

MarketplaceB2B
Find Bulletin, Inc. online

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
34
Investors (latest)
2016
Year incorporated
2019-02-08
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 · 2016-11-04 Raised $310K (real) Modeled valuation $2.4M (est)$310K$2.4MPre-Seed2016Series A · 2019-02-08 Raised $10.0M (real) Modeled valuation $51M (est)$10.0M$51MSeries A2019+$10.0MCumulative $10M

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$310K · 2016
Series A$10.0M · 2019no Seed on file

Stages are modeled from round size (public records carry no series label). No record for: 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
$51.2M
Base estimate est.
$12.2M
Conservative case
$278.3M
Upside case
$45.3M
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 scaled by the retail sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $2.4M · 2016-11-042016Series A · modeled $51.2M · 2019-02-082019
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
50%
Survival probability
27% low · 68% high
1.15×/yr
Annual markup
1.45×/yr upside case
6.0 yr
Elapsed time used
7.4 yr actual, capped for stale marks
retail
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
27 mo
Avg between rounds
$4.5M/yr
Capital velocity
9.7 yr
On record since
2016
First round
2
Rounds on file
How it compares to the market

Benchmarked against 2347 companies in Retailing. 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) 6.5× above median
This company$10.3M
Sector median$1.6M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.8× above median
This company$10.0M
Sector median$5.5M
Modeled value — vs sector median (estimate, all stages) 8.9× above median
This company$51.2M
Sector median$5.8M

Raised more than 81% of sector peers (real $). Modeled value above 88% 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 #10 of 76.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)GP Parent, L.L.C. · Series A Raised $14.3M · modeled $73.6M (est)Anomalie Inc. · Series A Raised $17.7M · modeled $70.5M (est)Anine Bing Corp · Series A Raised $19.5M · modeled $69.3M (est)Doms Market Holdco Inc. · Series A Raised $16.8M · modeled $69.2M (est)Streamline USA, Inc. · Series A Raised $15.0M · modeled $65.5M (est)Kandui Holdings, LLC · Series A Raised $11.6M · modeled $59.8M (est)Fuji INC. · Series A Raised $18.3M · modeled $57.6M (est)Cast Holding Co · Series A Raised $12.0M · modeled $55.2M (est)Andie, Co. · Series A Raised $19.2M · modeled $52.9M (est)Rhone Apparel, Inc. · Series A Raised $32.4M · modeled $50.9M (est)China Jo-Jo Drugstores, Inc. · Series A Raised $19.8M · modeled $50.1M (est)Bulletin, Inc. (this company) Raised $10.3M · modeled $51.2M (est)Bulletin, Inc.
CompanyStageRaised · realValue · estvs peer med.
GP Parent, L.L.C.Series A$14.3M$73.6M2.82×
Anomalie Inc.Series A$17.7M$70.5M2.70×
Anine Bing CorpSeries A$19.5M$69.3M2.66×
Doms Market Holdco Inc.Series A$16.8M$69.2M2.65×
Streamline USA, Inc.Series A$15.0M$65.5M2.51×
Kandui Holdings, LLCSeries A$11.6M$59.8M2.29×
Fuji INC.Series A$18.3M$57.6M2.21×
Cast Holding CoSeries A$12.0M$55.2M2.12×
Andie, Co.Series A$19.2M$52.9M2.03×
Bulletin, Inc. this companySeries A$10.3M$51.2M1.96×
Rhone Apparel, Inc.Series A$32.4M$50.9M1.95×
China Jo-Jo Drugstores, Inc.Series A$19.8M$50.1M1.92×
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$310K2016-11-04$1.7M$2.4M90%
Series A$10.0M2019-02-08$45.3M$51.2M90%
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$310K2016-11-04
    • First recorded raise — entered as Pre-Seed.
    • 4 investors on this round.
  2. Series A$10.0M2019-02-08
    • Raised again after 27 mo — slower than the ~13 mo sector norm.
    • Round 32.1× larger than the prior — scaling up.
    • 34 investors on this round.
Intelligence
2021 ~Q2
Modeled next raise · ~27mo cadence
$29.9M
Modeled next size est.range $19.4M$47.8M
32.1×
Last step-up
$4.5M/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
JONATHAN EHRLICH3 other2019-02
Alana Branston2016-11
Alixandra Kriegsman2016-11
Registry & provenance

Bulletin, 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
1692999
SEC CIK
2016
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
Pathfinder Collective LLCRetailingSeries A$10.1M$27.3Msame sector · same stage
Natural Grocers by Vitamin Cottage, Inc.RetailingSeries A$10.1M$51.6Msame sector · same stage
Jolly ProductsRetailingSeries A$10.5M$23.6Msame sector · same stage
M11 Motors, LLCRetailingSeries A$10.5M$48.8Msame sector · same stage
Bergeys, Inc.RetailingSeries A$10.5M$18.5Msame sector · same stage
Never Forget Brands LLCRetailingSeries A$10.0M$45.2Msame sector · same stage
A.C. Moore Arts & Crafts, Inc.RetailingSeries A$10.0M$51.4Msame sector · same stage
Buffalo Forklift, LLCRetailingSeries A$10.0M$22.5Msame 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
Defined Brand, Inc.Consumer / RetailPre-Seed$1.2M72%
boitas.com
Largest B2B eCommerce platform for SMBs in Latin America.
Ecommerce / Retail72%
Banner Season Marketing, LLCRetailingPre-Seed$1.2M71%
Coop Cooperative
Swiss company, based in Basel. Sector: mass-market retailing.
mass-market retailing70%
Bs Group
Brazilian company, based in Manga, MG. Sector: Consumer / Retail.
Consumer / Retail70%
Beacon Brands, Inc.Consumer / RetailPre-Seed$3.0M70%
PEP
South African company, based in Parow. Sector: retail.
retail70%
Commerce Signals, Inc.Consumer / RetailSeries A$12.2M70%
Frequently asked
How much funding has Bulletin, Inc. raised?
Bulletin, Inc. has raised approximately $10.3M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Bulletin, Inc.'s estimated valuation?
Provath's modeled valuation for Bulletin, Inc. is approximately $51.2M (modeled range $12.2M–$278.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Bulletin, Inc. at?
Bulletin, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Feb 08.
What does Bulletin, Inc. do and where is it based?
Bulletin, Inc. operates in the Retailing sector, based in NEW YORK, NY, USA. Helping retailers discover and shop the best brands on the planet
Explore related

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