Diligence memo · auto-generated · as of July 2, 2026
COnovate, Inc.
COnovate, Inc. looks fair against its niche peers and is quiet on financing cadence.
Businessfiled
COnovate, Inc. operates in Other, based in WAUWATOSA.
Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
COnovate, Inc. has raised $2.5M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $2.5M on 2024-12-30.
Most recent recorded round closed around 2024-12-30.
Valuation (modeled)modeled
Provath models COnovate, Inc. at approximately $8.9M (range $2.3M–$21M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.79× the median modeled value of Seed Other companies in 2022–2024 (1231 peers) — value vs value, same stage and era. Within the normal band (79% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 18 mo ago; this sector typically re-raises about every 11 months.
Slightly overdue versus sector cadence.
Comparablesmixed
Capital scale ranks ahead of 54% of Other peers (25015 compared).
Modeled value ranks above 36% of those peers.
Closest niche peers: Dropee Inc., NFH Northern Project Development, LLC, FactorFund-Note-2022 LLC, Immersion Elements LLC, Possip, Inc..
Peoplefiled
4 named people on file across officers, directors and signatories.
Risks & flagsmixed
Broad sector classification weakens peer comparison.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.