Companies · Other

Cal Minerals, Inc.

MORAGA · Other

Diligence memoA one-page analyst read on Cal Minerals, Inc. — recommendation, valuation, rhythm, risks.
$11.6M
Total raised · real
6
Rounds
15.5×
Latest step-up
Top 22%
Sector rank · raised
Series A
Latest stage · inferred · Tue Dec 16 2014 00:00:00 GMT+0000 (Coordinated Universal Time)

Cal Minerals, 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.

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 0.65× the median modeled value of Series A Other companies in 2013–2015 (623 peers) — value vs value, same stage and era.
Dormant
  • Last raise 11.5 yr ago; this sector typically re-raises about every 11 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 Other

Cal Minerals, Inc. is one of 25008 Other companies tracked from MORAGA. By capital raised it ranks in the upper tier (ahead of 79% 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.

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$100MSeries A · Raised $7.0M (real) Modeled valuation $18M (est)$7.0M$18MSeries ASeed · Raised $350K (real) Modeled valuation $700K (est)$350K$700KSeedPre-Seed · 2014-06-19 Raised $330K (real) Modeled valuation $7.6M (est)$330K$7.6MPre-Seed2014Pre-Seed · 2014-06-19 Raised $580K (real) Modeled valuation $13M (est)$580K$13MPre-Seed2014Pre-Seed · 2014-12-16 Raised $200K (real) Modeled valuation $4.6M (est)$200K$4.6MPre-Seed2014Seed · 2014-12-16 Raised $3.1M (real) Modeled valuation $58M (est)$3.1M$58MSeed2014+$350K+$330K+$580K+$200K+$3.1MCumulative $12M

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
Series A$7.0M
Bridge · Series A-stage$350Ksmaller follow-on
Bridge · Series A-stage$330K · 2014smaller follow-on
Bridge · Series A-stage$580K · 2014smaller follow-on
Bridge · Series A-stage$200K · 2014smaller follow-on
Bridge · Series A-stage$3.1M · 2014smaller follow-on

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$57.6M
Base estimate est.
$2.8M
Conservative case
$452.1M
Upside case
$15.5M
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.

Series A · modeled $17.5M · Seed · modeled $700K · Pre-Seed · modeled $7.6M · 2014-06-19Pre-Seed · modeled $13.4M · 2014-06-19Pre-Seed · modeled $4.6M · 2014-12-16Seed · modeled $57.6M · 2014-12-162014
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
40%
Survival probability
18% low · 62% high
1.45×/yr
Annual markup
1.90×/yr upside case
6.0 yr
Elapsed time used
11.5 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
108 mo
Avg between rounds
$257K/yr
Capital velocity
56.5 yr
On record since
1970
First round
6
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) 5.7× above median
This company$11.6M
Sector median$2.0M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.5× of median
This company$3.1M
Sector median$5.7M
Modeled value — vs sector median (estimate, all stages) 3.3× above median
This company$57.6M
Sector median$17.7M

Raised more than 79% of sector peers (real $). Modeled value above 74% 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 #509 of 623.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)CanWel Building Materials Group Ltd. · Series A Raised $15.0M · modeled $227.0M (est)New Gold Recovery USA, Inc. · Series A Raised $17.8M · modeled $227.0M (est)ZAG America, LLC · Series A Raised $15.0M · modeled $227.0M (est)County Waste of Virginia, LLC · Series A Raised $15.0M · modeled $227.0M (est)Sound Seal Holdings, Inc. · Series A Raised $15.0M · modeled $227.0M (est)Marathon Patent Group, Inc. · Series A Raised $38.4M · modeled $227.0M (est)United Sample Inc · Series A Raised $31.2M · modeled $227.0M (est)Biloxi Baseball, LLC · Series A Raised $15.0M · modeled $227.0M (est)Content Partners Cyber Holdco, LP · Series A Raised $15.0M · modeled $227.0M (est)Nitro Software PTY LTD · Series A Raised $15.0M · modeled $227.0M (est)Revolution Lighting Technologies, Inc. · Series A Raised $18.8M · modeled $227.0M (est)Profile Products Institutional Co-Investor Holdings, LLC · Series A Raised $15.0M · modeled $227.0M (est)Cal Minerals, Inc. (this company) Raised $11.6M · modeled $57.6M (est)Cal Minerals, Inc.
CompanyStageRaised · realValue · estvs peer med.
CanWel Building Materials Group Ltd.Series A$15.0M$227.0M2.57×
New Gold Recovery USA, Inc.Series A$17.8M$227.0M2.57×
ZAG America, LLCSeries A$15.0M$227.0M2.57×
County Waste of Virginia, LLCSeries A$15.0M$227.0M2.57×
Sound Seal Holdings, Inc.Series A$15.0M$227.0M2.57×
Marathon Patent Group, Inc.Series A$38.4M$227.0M2.57×
United Sample IncSeries A$31.2M$227.0M2.57×
Biloxi Baseball, LLCSeries A$15.0M$227.0M2.57×
Content Partners Cyber Holdco, LPSeries A$15.0M$227.0M2.57×
Nitro Software PTY LTDSeries A$15.0M$227.0M2.57×
Revolution Lighting Technologies, Inc.Series A$18.8M$227.0M2.57×
Profile Products Institutional Co-Investor Holdings, LLCSeries A$15.0M$227.0M2.57×
Cal Minerals, Inc. this companySeries A$11.6M$57.6M0.65×
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$330K2014-06-19$1.8M$7.6M90%
Pre-Seed$580K2014-06-19$3.2M$13.4M90%
Pre-Seed$200K2014-12-16$1.1M$4.6M90%
Seed$3.1M2014-12-16$15.5M$57.6M90%
Series A$7.0M$31.8M$17.5M90%
Seed$350K$1.8M$700K90%
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$330K2014-06-19
    • First recorded raise — entered as Pre-Seed.
  2. Pre-Seed$580K2014-06-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.8× larger than the prior — scaling up.
  3. Pre-Seed$200K2014-12-16
    • Came back fast: 6 mo vs the ~11 mo sector norm.
    • Round 2.9× smaller than the prior — bridge or down round.
  4. Seed$3.1M2014-12-16
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 15.5× larger than the prior — scaling up.
Intelligence
2023 ~Q4
Modeled next raise · ~108mo cadence
$9.3M
Modeled next size est.range $6.0M$14.9M
15.5×
Last step-up
$257K/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
Grant Gordon4 other2014-06
James Bowen2 other2014-06
Corey Mickael Flaa2014-06
Mickael Alan Flaa2014-06
Registry & provenance

Cal Minerals, 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
1611056
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
Geofortis Pozzolans LLCOtherSeries B$56.0M$515.1Mnetwork2 shared operators · same sector
Geofortis LLCOtherSeries C$96.7M$12.0Mnetwork2 shared operators · same sector
Fortuna Silver Mines IncOtherSeries A$11.8M$57.2Msame sector · same stage
M R World Tour Ltd Liability CoOtherSeries A$11.3M$56.8Msame sector · same stage
Grimes CarbonTech, Inc.OtherSeries A$12.0M$56.5Msame sector · same stage
Rainy River Resources Ltd.OtherSeries A$11.1M$57.8Msame sector · same stage
Encellin, Inc.OtherSeries A$12.0M$57.2Msame sector · same stage
Kingtree & Warwick LLCOtherSeries A$12.1M$55.3Msame sector · same stage
Frequently asked
How much funding has Cal Minerals, Inc. raised?
Cal Minerals, Inc. has raised approximately $11.6M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Cal Minerals, Inc.'s estimated valuation?
Provath's modeled valuation for Cal Minerals, Inc. is approximately $57.6M (modeled range $2.8M–$452.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Cal Minerals, Inc. at?
Cal Minerals, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Tue Dec 16.
What does Cal Minerals, Inc. do and where is it based?
Cal Minerals, Inc. operates in the Other sector, based in MORAGA.
Explore related

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