Companies · Other

Canarc Resource Corp

VANCOUVER · Other

Diligence memoA one-page analyst read on Canarc Resource Corp — recommendation, valuation, rhythm, risks.
$2.6M
Total raised · real
7
Rounds
1.1×
Latest step-up
Top 47%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Wed Oct 07 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Canarc Resource Corp 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 0.51× the median modeled value of Pre-Seed Other companies in 2019–2021 (1372 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.7 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

Canarc Resource Corp is one of 25008 Other companies tracked from VANCOUVER. By capital raised it ranks mid-pack (ahead of 54% 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
4
Investors (latest)
2020-10-07
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$5.0M$10M$15M$20MPre-Seed · 2010-12-13 Raised $559K (real) Modeled valuation $13M (est)Pre-Seed2010Pre-Seed · 2012-12-19 Raised $334K (real) Modeled valuation $7.7M (est)Pre-Seed2012Pre-Seed · 2014-01-31 Raised $225K (real) Modeled valuation $5.2M (est)Pre-Seed2014Pre-Seed · 2014-03-18 Raised $777K (real) Modeled valuation $18M (est)Pre-Seed2014Pre-Seed · 2015-09-21 Raised $379K (real) Modeled valuation $8.8M (est)Pre-Seed2015Pre-Seed · 2015-09-21 Raised $379K (real) Modeled valuation $8.8M (est)Pre-Seed2015Pre-Seed · 2015-09-21 Raised $379K (real) Modeled valuation $8.8M (est)Pre-Seed2015Pre-Seed · 2016-03-03 Raised $141K (real) Modeled valuation $3.3M (est)Pre-Seed2016Pre-Seed · 2020-10-07 Raised $153K (real) Modeled valuation $3.1M (est)Pre-Seed2020+$334K+$225K+$777K+$379K+$379K+$379K+$141K+$153KCumulative $3.3M

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$559K · 2010
Pre-Seed extension$334K · 2012
Pre-Seed extension$225K · 2014
Pre-Seed extension$777K · 2014
Pre-Seed extension$379K · 2015
Pre-Seed extension$379K · 2015
Pre-Seed extension$379K · 2015
Pre-Seed extension$141K · 2016
Pre-Seed extension$153K · 2020

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

Modeled valuation trajectory
$3.1M
Base estimate est.
$102K
Conservative case
$32.9M
Upside case
$852K
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Pre-Seed · modeled $12.9M · 2010-12-132010Pre-Seed · modeled $7.7M · 2012-12-19Pre-Seed · modeled $5.2M · 2014-01-31Pre-Seed · modeled $18.0M · 2014-03-18Pre-Seed · modeled $8.8M · 2015-09-21Pre-Seed · modeled $8.8M · 2015-09-21Pre-Seed · modeled $8.8M · 2015-09-21Pre-Seed · modeled $3.3M · 2016-03-03Pre-Seed · modeled $3.1M · 2020-10-072020
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
30%
Survival probability
12% low · 55% high
1.55×/yr
Annual markup
2.10×/yr upside case
5.7 yr
Elapsed time used
5.7 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
15 mo
Avg between rounds
$262K/yr
Capital velocity
15.6 yr
On record since
2010
First round
9
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) 1.3× above median
This company$2.6M
Sector median$2.0M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.4× of median
This company$153K
Sector median$350K
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$3.1M
Sector median$17.7M

Raised more than 54% of sector peers (real $). Modeled value above 18% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) 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 #1073 of 1,372.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Wnder, LTD · Pre-Seed Raised $1.0M · modeled $23.1M (est)W.E. Equity Associates, LLC · Pre-Seed Raised $1.0M · modeled $23.1M (est)Forest N Oak Holdings, Llc · Pre-Seed Raised $1.3M · modeled $23.1M (est)RF SLIH Ltd LIABILITY Co · Pre-Seed Raised $1.0M · modeled $23.1M (est)CiiTA, LLC · Pre-Seed Raised $1.0M · modeled $23.1M (est)Varfaj Ventures LLC · Pre-Seed Raised $1.0M · modeled $23.1M (est)Linkage Holdings Corp. · Pre-Seed Raised $1.0M · modeled $23.1M (est)Quantum Loop Solutions, Inc. · Pre-Seed Raised $1.0M · modeled $23.1M (est)Stadiumred, Inc. · Pre-Seed Raised $2.0M · modeled $23.1M (est)Royalty Exchange Inc. · Pre-Seed Raised $1.0M · modeled $23.1M (est)ListEngage Holdings, LLC · Pre-Seed Raised $1.0M · modeled $23.1M (est)Baseload Group, Inc. · Pre-Seed Raised $1.0M · modeled $23.1M (est)Canarc Resource Corp (this company) Raised $2.6M · modeled $3.1M (est)Canarc Resource Corp
CompanyStageRaised · realValue · estvs peer med.
Wnder, LTDPre-Seed$1.0M$23.1M3.72×
W.E. Equity Associates, LLCPre-Seed$1.0M$23.1M3.72×
Forest N Oak Holdings, LlcPre-Seed$1.3M$23.1M3.72×
RF SLIH Ltd LIABILITY CoPre-Seed$1.0M$23.1M3.72×
CiiTA, LLCPre-Seed$1.0M$23.1M3.72×
Varfaj Ventures LLCPre-Seed$1.0M$23.1M3.72×
Linkage Holdings Corp.Pre-Seed$1.0M$23.1M3.72×
Quantum Loop Solutions, Inc.Pre-Seed$1.0M$23.1M3.72×
Stadiumred, Inc.Pre-Seed$2.0M$23.1M3.72×
Royalty Exchange Inc.Pre-Seed$1.0M$23.1M3.72×
ListEngage Holdings, LLCPre-Seed$1.0M$23.1M3.72×
Baseload Group, Inc.Pre-Seed$1.0M$23.1M3.72×
Canarc Resource Corp this companyPre-Seed$2.6M$3.1M0.51×
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$559K2010-12-13$3.1M$12.9M85%
Pre-Seed$334K2012-12-19$1.9M$7.7M85%
Pre-Seed$225K2014-01-31$1.2M$5.2M85%
Pre-Seed$777K2014-03-18$4.3M$18.0M85%
Pre-Seed$379K2015-09-21$2.1M$8.8M85%
Pre-Seed$379K2015-09-21$2.1M$8.8M85%
Pre-Seed$379K2015-09-21$2.1M$8.8M85%
Pre-Seed$141K2016-03-03$782K$3.3M85%
Pre-Seed$153K2020-10-07$852K$3.1M90%
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$559K2010-12-13
    • First recorded raise — entered as Pre-Seed.
    • 7 investors on this round.
  2. Pre-Seed$334K2012-12-19
    • Raised again after 24 mo — slower than the ~11 mo sector norm.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 10 investors on this round.
  3. Pre-Seed$225K2014-01-31
    • Raised 13 mo later, in step with the ~11 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 10 investors on this round.
  4. Pre-Seed$777K2014-03-18
    • Came back fast: 2 mo vs the ~11 mo sector norm.
    • Round 3.5× larger than the prior — scaling up.
    • 20 investors on this round.
  5. Pre-Seed$379K2015-09-21
    • Raised again after 18 mo — slower than the ~11 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 11 investors on this round.
  6. Pre-Seed$379K2015-09-21
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 11 investors on this round.
  7. Pre-Seed$379K2015-09-21
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 11 investors on this round.
  8. Pre-Seed$141K2016-03-03
    • Came back fast: 5 mo vs the ~11 mo sector norm.
    • Round 2.7× smaller than the prior — bridge or down round.
    • 6 investors on this round.
  9. Pre-Seed$153K2020-10-07
    • Raised again after 55 mo — slower than the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 4 investors on this round.
Intelligence
2021 ~Q4
Modeled next raise · ~15mo cadence
$167K
Modeled next size est.range $153K$267K
1.1×
Last step-up
$262K/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
ANDREW BOWERING7 other2020-10
Leonard Harris6 other2016-03
Akiba Leisman3 other2016-03
Bradford Cooke3 other2016-03
Deepak Malhotra2 other2016-03
Martin Burian2 other2016-03
Scott Eldridge2 other2020-10
Bradford J. Cooke1 other2010-12
Philip J. Yee1 other2010-12
Philip Yee1 other2016-03
William L. Price1 other2010-12
Bruce L. Bried2010-12
Catalin Chiloflischi2016-03
Catalin J. Chiloflischi2014-01
Deepak L. Malhotra2015-09
Derek L. Bullock2010-12
Garry Biles2016-03
Garry D. Biles2014-01
Garry J. Biles2010-12
James L. Moors2010-12
Leonard L. Harris2010-12
Martin L. Burian2014-03
Philip D. Yee2014-01
Stewart L. Lockwood2010-12
Registry & provenance

Canarc Resource Corp 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
868822
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
Caza Gold Corp.OtherPre-Seed$726K$8.4Mnetwork2 shared operators · same sector · same stage
Aztec Minerals Corp.Mining & ResourcesPre-Seed$3.1M$1.2Mnetwork2 shared operators · same stage
Endeavour Silver CorpOtherSeries A$8.0M$91.6Mnetwork2 shared operators · same sector
Radius Gold Inc.OtherPre-Seed$852K$10.2Mnetwork1 shared operator · same sector · same stage
Cardero Resource Corp.OtherSeries A$24.3M$27.8Mnetwork2 shared operators · same sector
Millennial Lithium Corp.OtherPre-Seed$286K$6.6Mnetwork1 shared operator · same sector · same stage
Elysee Development Corp.OtherPre-Seed$125K$2.9Mnetwork1 shared operator · same sector · same stage
Aston Bay Holdings Ltd.OtherPre-Seed$2.1M$3.1Msame 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
Canter Resources Corp.OtherPre-Seed$4.8M91%
CANarchy Holding Co LLCOtherSeries D+$86.3M90%
Canuc Resources CorpOtherPre-Seed$5.1M90%
Cannex Capital Group IncOtherSeries A$112.6M86%
Candera Capital, LLCOtherPre-Seed$6.9M85%
Canncure Investments Inc.OtherSeries A$46.5M85%
Cannex Capital Holdings Inc.OtherSeries D+$54.1M85%
CannaRoyalty Corp.OtherSeries B$8.3M84%
Frequently asked
How much funding has Canarc Resource Corp raised?
Canarc Resource Corp has raised approximately $2.6M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Canarc Resource Corp's estimated valuation?
Provath's modeled valuation for Canarc Resource Corp is approximately $3.1M (modeled range $102K–$32.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Canarc Resource Corp at?
Canarc Resource Corp's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Wed Oct 07.
What does Canarc Resource Corp do and where is it based?
Canarc Resource Corp operates in the Other sector, based in VANCOUVER.
Explore related

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

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