Companies · Other

Carpathian Gold Inc

TORONTO ONT M5H 2V1 · Other

Diligence memoA one-page analyst read on Carpathian Gold Inc — recommendation, valuation, rhythm, risks.
$82.1M
Total raised · real
5
Rounds
0.2×
Latest step-up
Top 6%
Sector rank · raised
Series C
Latest stage · inferred · Thu Sep 05 2013 00:00:00 GMT+0000 (Coordinated Universal Time)

Carpathian Gold 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 0.09× the median modeled value of Series C Other companies in 2013–2015 (148 peers) — value vs value, same stage and era.
Dormant
  • Last raise 12.8 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

Carpathian Gold Inc is one of 25015 Other companies tracked from TORONTO ONT M5H 2V1. By capital raised it ranks among the largest (ahead of 95% 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$250M$500M$750M$1.0BPre-Seed · 2009-05-07 Raised $900K (real) Modeled valuation $21M (est)$900K$21MPre-Seed2009Seed · 2009-12-02 Raised $1.6M (real) Modeled valuation $30M (est)$1.6M$30MSeed2009Series C · 2010-11-03 Raised $52M (real) Modeled valuation $885M (est)$52M$885MSeries C2010Series C · 2011-11-22 Raised $24M (real) Modeled valuation $404M (est)$24M$404MSeries C2011Series C · 2013-09-05 Raised $4.4M (real) Modeled valuation $76M (est)$4.4M$76MSeries C2013+$1.6M+$52M+$24M+$4.4MCumulative $82M

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$900K · 2009
Seed$1.6M · 2009
Series C$51.6M · 2010no Series A / Series B on file
Series C extension$23.6M · 2011
Series C extension$4.4M · 2013

Stages are modeled from round size (public records carry no series label). No record for: Series A, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 60%.

Modeled valuation trajectory
$76.1M
Base estimate est.
$17.2M
Conservative case
$200.6M
Upside case
$29.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Pre-Seed · modeled $20.8M · 2009-05-072009Seed · modeled $30.1M · 2009-12-02Series C · modeled $884.9M · 2010-11-03Series C · modeled $404.0M · 2011-11-22Series C · modeled $76.1M · 2013-09-052013
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
78%
Survival probability
58% low · 90% high
1.22×/yr
Annual markup
1.40×/yr upside case
6.0 yr
Elapsed time used
12.8 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$19.0M/yr
Capital velocity
17.2 yr
On record since
2009
First round
5
Rounds on file
How it compares to the market

Benchmarked against 25015 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) 40× above median
This company$82.1M
Sector median$2.0M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.1× of median
This company$4.4M
Sector median$50.0M
Modeled value — vs sector median (estimate, all stages) 4.3× above median
This company$76.1M
Sector median$17.7M

Raised more than 95% of sector peers (real $). Modeled value above 80% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #133 of 148.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Island Timberlands Finance Corp · Series C Raised $100.0M · modeled $1.7B (est)Layne Christensen Co · Series C Raised $99.9M · modeled $1.7B (est)Autotask Superior Holding, Inc. · Series C Raised $99.0M · modeled $1.7B (est)Creative Artists Agency Holdings LLC · Series C Raised $97.3M · modeled $1.7B (est)Concord Resources Ltd · Series C Raised $96.5M · modeled $1.7B (est)UFS Group Holdings, Inc. · Series C Raised $95.6M · modeled $1.6B (est)Hycroft Mining Corp · Series C Raised $95.0M · modeled $1.6B (est)Fortress Worldwide Transportation & Infrastructure Investors LP · Series C Raised $162.6M · modeled $1.6B (est)Gold Standard Investment, LP · Series C Raised $91.0M · modeled $1.6B (est)Dollar Shave Club, Inc. · Series C Raised $190.9M · modeled $1.6B (est)Eighth Note, inc. · Series C Raised $90.4M · modeled $1.5B (est)Safe Fleet Holdings LLC · Series C Raised $90.1M · modeled $1.5B (est)Carpathian Gold Inc (this company) Raised $82.1M · modeled $76.1M (est)Carpathian Gold Inc
CompanyStageRaised · realValue · estvs peer med.
Island Timberlands Finance CorpSeries C$100.0M$1.7B2.00×
Layne Christensen CoSeries C$99.9M$1.7B2.00×
Autotask Superior Holding, Inc.Series C$99.0M$1.7B1.98×
Creative Artists Agency Holdings LLCSeries C$97.3M$1.7B1.95×
Concord Resources LtdSeries C$96.5M$1.7B1.93×
UFS Group Holdings, Inc.Series C$95.6M$1.6B1.91×
Hycroft Mining CorpSeries C$95.0M$1.6B1.90×
Fortress Worldwide Transportation & Infrastructure Investors LPSeries C$162.6M$1.6B1.85×
Gold Standard Investment, LPSeries C$91.0M$1.6B1.82×
Dollar Shave Club, Inc.Series C$190.9M$1.6B1.81×
Eighth Note, inc.Series C$90.4M$1.5B1.81×
Safe Fleet Holdings LLCSeries C$90.1M$1.5B1.80×
Carpathian Gold Inc this companySeries C$82.1M$76.1M0.09×
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$900K2009-05-07$5.0M$20.8M90%
Seed$1.6M2009-12-02$8.1M$30.1M90%
Series C$51.6M2010-11-03$344.1M$884.9M90%
Series C$23.6M2011-11-22$157.1M$404.0M90%
Series C$4.4M2013-09-05$29.6M$76.1M90%
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$900K2009-05-07
    • First recorded raise — entered as Pre-Seed.
  2. Seed$1.6M2009-12-02
    • Raised 7 mo later, in step with the ~11 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
  3. Series C$51.6M2010-11-03
    • Raised 11 mo later, in step with the ~11 mo sector norm.
    • Round 31.9× larger than the prior — scaling up.
  4. Series C$23.6M2011-11-22
    • Raised 13 mo later, in step with the ~11 mo sector norm.
    • Round 2.2× smaller than the prior — bridge or down round.
  5. Series C$4.4M2013-09-05
    • Raised again after 21 mo — slower than the ~11 mo sector norm.
    • Round 5.3× smaller than the prior — bridge or down round.
Intelligence
2014 ~Q4
Modeled next raise · ~13mo cadence
$4.4M
Modeled next size est.range $4.4M$7.1M
0.2×
Last step-up
$19.0M/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
Guy Charette2 other2009-05
Daniel B.J. Kivari1 other2009-05
Dino Titaro1 other2009-05
Patrick J. Mars1 other2009-05
David W. Danziger2010-11
Guy W. Charette2009-12
John W. Hick2009-05
Julio Carvalho2009-05
Kevin Flaherty2009-05
Linda Prager2009-05
Linda W. Prager2009-12
Peter Lehner2009-05
Randall K. Ruff2009-05
Registry & provenance

Carpathian Gold 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
1367671
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
TS OpCo Holding, LLCOtherSeries C$64.9M$78.3Msame sector · same stage
Mercury Alternative Assets Fund I, L.P.OtherSeries C$55.1M$77.0Msame sector · same stage
Aura Minerals Inc.OtherSeries A$10.1M$6.6Mnetwork1 shared operator · same sector
Avegant Corp.OtherSeries B$87.2M$74.0Msame sector
Niocan Inc.OtherSeed$5.0M$37.9Mnetwork1 shared operator · same sector
MCO Capital IncOtherPre-Seed$101K$2.3Mnetwork1 shared operator · same sector
Largo Resources Ltd.OtherSeries B$50.7M$78.0Msame sector
StackHawk, Inc.OtherSeries B$50.2M$74.6Msame sector
Frequently asked
How much funding has Carpathian Gold Inc raised?
Carpathian Gold Inc has raised approximately $82.1M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Carpathian Gold Inc's estimated valuation?
Provath's modeled valuation for Carpathian Gold Inc is approximately $76.1M (modeled range $17.2M–$200.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Carpathian Gold Inc at?
Carpathian Gold Inc's latest modeled financing stage is Series C. Its most recent recorded round closed around Thu Sep 05.
What does Carpathian Gold Inc do and where is it based?
Carpathian Gold Inc operates in the Other sector, based in TORONTO ONT M5H 2V1.
Explore related

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