Companies · Other Travel

Cruisebound, Inc.

New York · Other Travel

Diligence memoA one-page analyst read on Cruisebound, Inc. — recommendation, valuation, rhythm, risks.
$30.4M
Total raised · real
4
Rounds
2.5×
Latest step-up
Top 15%
Sector rank · raised
Series A
Latest stage · inferred · Tue Sep 17 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Cruisebound, Inc. looks fair against its niche peers and is at-risk on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the travel sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 1.10× the median modeled value of Series A Other Travel companies in 2022–2024 (7 peers) — value vs value, same stage and era.
  • Within the normal band (110% of peer median) for its niche.
At-risk
  • Last raise 21 mo ago; this sector typically re-raises about every 9 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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 Travel

Cruisebound, Inc. is one of 176 Other Travel companies tracked from New York. By capital raised it ranks in the upper tier (ahead of 86% 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
Rule 506(b)
Reg D exemption
33
Investors (latest)
2021
Year incorporated
2024-09-17
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$13M$25M$38M$50MSeed · 2021-06-23 Raised $2.6M (real) Modeled valuation $15M (est)$2.6M$15MSeed2021Series A · 2022-08-04 Raised $9.5M (real) Modeled valuation $40M (est)$9.5M$40MSeries A2022Series A · 2023-10-17 Raised $5.3M (real) Modeled valuation $18M (est)$5.3M$18MSeries A2023Series A · 2024-09-17 Raised $13M (real) Modeled valuation $39M (est)$13M$39MSeries A2024+$9.5M+$5.3M+$13MCumulative $30M

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
Seed$2.6M · 2021
Series A$9.5M · 2022
Series A extension$5.3M · 2023
Series A extension$13.0M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$38.6M
Base estimate est.
$15.8M
Conservative case
$79.3M
Upside case
$59.1M
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 scaled by the travel sector profile. Directional, not a quoted figure.

Seed · modeled $15.1M · 2021-06-232021Series A · modeled $39.7M · 2022-08-04Series A · modeled $18.1M · 2023-10-17Series A · modeled $38.6M · 2024-09-172024
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
49%
Survival probability
27% low · 67% high
1.18×/yr
Annual markup
1.48×/yr upside case
1.8 yr
Elapsed time used
1.8 yr actual, capped for stale marks
travel
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$9.4M/yr
Capital velocity
5.0 yr
On record since
2021
First round
4
Rounds on file
How it compares to the market

Benchmarked against 176 companies in Other Travel. 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) 12× above median
This company$30.4M
Sector median$2.5M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.9× above median
This company$13.0M
Sector median$7.0M
Modeled value — vs sector median (estimate, all stages) 4.3× above median
This company$38.6M
Sector median$8.9M

Raised more than 86% of sector peers (real $). Modeled value above 77% 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 #3 of 7.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Fora Travel, Inc. · Series A Raised $18.2M · modeled $57.0M (est)Heli Destinations 2, Llc · Series A Raised $13.5M · modeled $47.5M (est)Heli Destinations 1, Llc · Series A Raised $8.9M · modeled $35.2M (est)U.S. Coachways, Inc. · Series A Raised $10.0M · modeled $32.4M (est)EventPipe Inc. · Series A Raised $5.3M · modeled $17.9M (est)Volato Group, Inc. · Series A Raised $4.5M · modeled $12.9M (est)Cruisebound, Inc. (this company) Raised $30.4M · modeled $38.6M (est)Cruisebound, Inc.
CompanyStageRaised · realValue · estvs peer med.
Fora Travel, Inc.Series A$18.2M$57.0M1.62×
Heli Destinations 2, LlcSeries A$13.5M$47.5M1.35×
Cruisebound, Inc. this companySeries A$30.4M$38.6M1.10×
Heli Destinations 1, LlcSeries A$8.9M$35.2M1.00×
U.S. Coachways, Inc.Series A$10.0M$32.4M0.92×
EventPipe Inc.Series A$5.3M$17.9M0.51×
Volato Group, Inc.Series A$4.5M$12.9M0.37×
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.
Seed$2.6M2021-06-23$13.3M$15.1M90%
Series A$9.5M2022-08-04$43.3M$39.7M90%
Series A$5.3M2023-10-17$23.9M$18.1M90%
Series A$13.0M2024-09-17$59.1M$38.6M90%
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. Seed$2.6M2021-06-23
    • First recorded raise — entered as Seed.
    • 20 investors on this round.
  2. Series A$9.5M2022-08-04
    • Raised 13 mo later, in step with the ~9 mo sector norm.
    • Round 3.6× larger than the prior — scaling up.
    • 27 investors on this round.
  3. Series A$5.3M2023-10-17
    • Raised again after 14 mo — slower than the ~9 mo sector norm.
    • Round 1.8× smaller than the prior — bridge or down round.
    • 19 investors on this round.
  4. Series A$13.0M2024-09-17
    • Raised 11 mo later, in step with the ~9 mo sector norm.
    • Round 2.5× larger than the prior — scaling up.
    • 33 investors on this round.
Intelligence
2025 ~Q4
Modeled next raise · ~13mo cadence
$32.1M
Modeled next size est.range $20.9M$51.4M
2.5×
Last step-up
$9.4M/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
KJ GUNDERSEN2 other2021-06
Bjorn Larsen1 other2021-06
Jay Hoffmann1 other2021-06
Bjorn Christian Heimdal Larsen2022-08
Christopher William Hemmeter2024-09
Jay William Hoffman2024-09
Jay William Hoffmann2022-08
Jeffery William Boyd2022-08
Jeffrey William Boyd2024-09
Kjetil William Gundersen2022-08
Pierre-Olivier Christian Heimdal Lepage2024-09
Pierre-Olivier Lepage2021-06
Pierre-Olivier William Lepage2022-08
Registry & provenance

Cruisebound, 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
1879051
SEC CIK
2021
Incorporated
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
Rocket Travel, Inc.Other TravelSeries A$9.6M$48.5Mnetwork3 shared operators · same sector · same stage
Fora Travel, Inc.Other TravelSeries A$18.2M$57.0Msame sector · same stage
Surf Air Inc.Other TravelSeries A$17.9M$53.4Msame sector · same stage
RVShare, LLCOther TravelSeries A$14.2M$83.2Msame sector · same stage
Heli Destinations 2, LlcOther TravelSeries A$13.5M$47.5Msame sector · same stage
Ridecharge IncOther TravelSeries A$12.1M$12.3Msame sector · same stage
Heli Destinations 3, LLCOther TravelSeries A$11.0M$28.4Msame sector · same stage
Mondee Holdings, LlcOther TravelSeries B$30.1M$193.0Msame sector
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
Residential Cruise Holdings IncOther TravelSeries A$11.4M89%
Tabletop Vacations Inc.Other TravelPre-Seed$557K86%
Outdoor Trip, Inc.Other TravelPre-Seed$1.7M86%
Submersive, Inc.Other TravelPre-Seed$1.7M86%
TripOutside.com, LLCOther TravelPre-Seed$705K85%
Clever Travel Inc.Other TravelSeed$8.6M85%
Wetravel IncOther TravelSeries C$253.8M84%
Adventure Travel Trade Association, Inc.Other TravelSeed$11.7M84%
Frequently asked
How much funding has Cruisebound, Inc. raised?
Cruisebound, Inc. has raised approximately $30.4M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Cruisebound, Inc.'s estimated valuation?
Provath's modeled valuation for Cruisebound, Inc. is approximately $38.6M (modeled range $15.8M–$79.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Cruisebound, Inc. at?
Cruisebound, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Tue Sep 17.
What does Cruisebound, Inc. do and where is it based?
Cruisebound, Inc. operates in the Other Travel sector, based in New York.
Explore related

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

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