Diligence memo · auto-generated · as of July 2, 2026

Ember Sports Inc.

Ember Sports Inc. looks under-valued against its niche peers and is active on financing cadence.

SourceModeled below same-niche peers while still financing on rhythm — a potential mispricing worth a closer look.

Businessfiled

Ember Sports Inc. operates in Sports & Fitness, based in Madison.

No verified homepage on file yet — operating evidence is limited to the public record.

Capital & rounds (filed)filed

Ember Sports Inc. has raised $2.5M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).

Largest single filing: $2.3M on 2024-10-18.

Most recent recorded round closed around 2025-12-05.

Valuation (modeled)modeled

Provath models Ember Sports Inc. at approximately $433K (range $158K–$783K). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.

Read: Under-valued. Modeled value is 0.11× the median modeled value of Seed Sports & Fitness companies in 2025–2027 (5 peers) — value vs value, same stage and era.

Financing rhythm & timingmixed

Historic cadence: a new round about every 14 months.

Last raise 7 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 13.3× smaller than the prior — a bridge or down round.

Comparablesmixed

Capital scale ranks ahead of 61% of Sports & Fitness peers (214 compared).

Modeled value ranks above 18% of those peers.

Closest niche peers: Athletic Club Holdings, Inc., Athletic Clubs, Inc., PSV Fitness, LLC, Premier Sports Lighting, LLC.

Peoplefiled

3 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.