Diligence memo · auto-generated · as of July 2, 2026
Carrot Inc.
Carrot Inc. looks under-valued against its niche peers and is active on financing cadence.
Businessfiled
Carrot Inc. operates in Other Health Care, based in REDWOOD CITY. Nigerian digital lending startup Carrot has raised US$4.2 million in seed funding to help it expand access to credit for African businesses and individuals.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Carrot Inc. has raised $51M in disclosed capital across 5 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $25M on 2018-10-12.
Most recent recorded round closed around 2025-05-27.
Valuation (modeled)modeled
Provath models Carrot Inc. at approximately $21M (range $9.9M–$31M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.23× the median modeled value of Series B Other Health Care companies in 2025–2027 (48 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 23 months.
Last raise 13 mo ago; this sector typically re-raises about every 14 months.
Raising on or ahead of the sector's normal rhythm.
The last round was 2.3× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 92% of Other Health Care peers (5377 compared).
Modeled value ranks above 49% of those peers.
Closest niche peers: Imagine Pediatrics Holdings LLC, Porter Cares, Inc., True Medicine Inc., CranioVation, Inc., Seriously Clean LTD..
Peoplefiled
7 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.