Companies · Other

EMX Royalty Corp

VANCOUVER · Other

Diligence memoA one-page analyst read on EMX Royalty Corp — recommendation, valuation, rhythm, risks.
$33.2M
Total raised · real
7
Rounds
2.6×
Latest step-up
Top 11%
Sector rank · raised
Series A
Latest stage · inferred · Fri Nov 05 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

EMX Royalty Corp looks fair 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.

Fair
  • Modeled value is 1.20× the median modeled value of Series A Other companies in 2019–2021 (858 peers) — value vs value, same stage and era.
  • Within the normal band (120% of peer median) for its niche.
Dormant
  • Last raise 4.7 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

EMX Royalty Corp is one of 25015 Other companies tracked from VANCOUVER. By capital raised it ranks among the largest (ahead of 90% 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
148
Investors (latest)
2021-11-05
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$50M$100M$150M$200MSeed · 2010-01-29 Raised $3.1M (real) Modeled valuation $58M (est)Seed2010Seed · 2010-08-11 Raised $315K (real) Modeled valuation $5.9M (est)Seed2010Series A · 2010-11-09 Raised $7.6M (real) Modeled valuation $116M (est)Series A2010Series A · 2011-03-18 Raised $8.8M (real) Modeled valuation $133M (est)Series A2011Series A · 2016-07-01 Raised $105K (real) Modeled valuation $1.6M (est)Series A2016Series A · 2017-04-12 Raised $3.7M (real) Modeled valuation $56M (est)Series A2017Series A · 2021-11-05 Raised $9.6M (real) Modeled valuation $97M (est)Series A2021+$315K+$7.6M+$8.8M+$105K+$3.7M+$9.6MCumulative $33M

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$3.1M · 2010
Seed extension$315K · 2010
Series A$7.6M · 2010
Series A extension$8.8M · 2011
Series A extension$105K · 2016
Series A extension$3.7M · 2017
Series A extension$9.6M · 2021

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
$97.0M
Base estimate est.
$13.1M
Conservative case
$386.8M
Upside case
$43.6M
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. Directional, not a quoted figure.

Seed · modeled $57.6M · 2010-01-292010Seed · modeled $5.9M · 2010-08-11Series A · modeled $115.8M · 2010-11-09Series A · modeled $132.6M · 2011-03-18Series A · modeled $1.6M · 2016-07-01Series A · modeled $56.2M · 2017-04-12Series A · modeled $97.0M · 2021-11-052021
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
55%
Survival probability
30% low · 75% high
1.35×/yr
Annual markup
1.70×/yr upside case
4.7 yr
Elapsed time used
4.7 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
24 mo
Avg between rounds
$2.8M/yr
Capital velocity
16.4 yr
On record since
2010
First round
7
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) 16× above median
This company$33.2M
Sector median$2.0M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.7× above median
This company$9.6M
Sector median$5.7M
Modeled value — vs sector median (estimate, all stages) 5.5× above median
This company$97.0M
Sector median$17.7M

Raised more than 90% of sector peers (real $). Modeled value above 82% 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 #333 of 858.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)No More Landfills Investment Group, LLC · Series A Raised $15.0M · modeled $227.0M (est)3901 Campbellton Rd., LLC · Series A Raised $15.0M · modeled $227.0M (est)medpai group · Series A Raised $15.0M · modeled $227.0M (est)WestCap Bolt, LLC · Series A Raised $15.0M · modeled $227.0M (est)HBC Management Class B L.P. · Series A Raised $15.0M · modeled $226.3M (est)Globus Maritime Ltd · Series A Raised $27.4M · modeled $223.4M (est)Redwood Holding Group, LLC · Series A Raised $21.1M · modeled $222.5M (est)Sol de Janeiro Holdings, Inc. · Series A Raised $14.6M · modeled $220.6M (est)Patrick Partners LLC · Series A Raised $14.5M · modeled $219.4M (est)Concord Resources Holdings Ltd · Series A Raised $14.4M · modeled $218.2M (est)Bigstream Solutions, Inc. · Series A Raised $19.8M · modeled $216.3M (est)Engageli, Inc. · Series A Raised $14.5M · modeled $215.8M (est)EMX Royalty Corp (this company) Raised $33.2M · modeled $97.0M (est)EMX Royalty Corp
CompanyStageRaised · realValue · estvs peer med.
No More Landfills Investment Group, LLCSeries A$15.0M$227.0M2.81×
3901 Campbellton Rd., LLCSeries A$15.0M$227.0M2.81×
medpai groupSeries A$15.0M$227.0M2.81×
WestCap Bolt, LLCSeries A$15.0M$227.0M2.81×
HBC Management Class B L.P.Series A$15.0M$226.3M2.80×
Globus Maritime LtdSeries A$27.4M$223.4M2.76×
Redwood Holding Group, LLCSeries A$21.1M$222.5M2.75×
Sol de Janeiro Holdings, Inc.Series A$14.6M$220.6M2.73×
Patrick Partners LLCSeries A$14.5M$219.4M2.71×
Concord Resources Holdings LtdSeries A$14.4M$218.2M2.70×
Bigstream Solutions, Inc.Series A$19.8M$216.3M2.67×
Engageli, Inc.Series A$14.5M$215.8M2.67×
EMX Royalty Corp this companySeries A$33.2M$97.0M1.20×
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$3.1M2010-01-29$15.5M$57.6M85%
Seed$315K2010-08-11$1.6M$5.9M85%
Series A$7.6M2010-11-09$34.8M$115.8M85%
Series A$8.8M2011-03-18$39.8M$132.6M85%
Series A$105K2016-07-01$477K$1.6M85%
Series A$3.7M2017-04-12$16.9M$56.2M90%
Series A$9.6M2021-11-05$43.6M$97.0M90%
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$3.1M2010-01-29
    • First recorded raise — entered as Seed.
    • 13 investors on this round.
  2. Seed$315K2010-08-11
    • Came back fast: 6 mo vs the ~11 mo sector norm.
    • Round 9.8× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  3. Series A$7.6M2010-11-09
    • Came back fast: 3 mo vs the ~11 mo sector norm.
    • Round 24.3× larger than the prior — scaling up.
    • 137 investors on this round.
  4. Series A$8.8M2011-03-18
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 188 investors on this round.
  5. Series A$105K2016-07-01
    • Raised again after 63 mo — slower than the ~11 mo sector norm.
    • Round 83.5× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 1 investor on this round.
  6. Series A$3.7M2017-04-12
    • Raised 9 mo later, in step with the ~11 mo sector norm.
    • Round 35.3× larger than the prior — scaling up.
    • 136 investors on this round.
  7. Series A$9.6M2021-11-05
    • Raised again after 55 mo — slower than the ~11 mo sector norm.
    • Round 2.6× larger than the prior — scaling up.
    • 148 investors on this round.
Intelligence
2023 ~Q4
Modeled next raise · ~24mo cadence
$24.8M
Modeled next size est.range $16.1M$39.7M
2.6×
Last step-up
$2.8M/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
Michael Dempsey Winn7 other2010-01
Kim Charisse Casswell6 other2010-01
Brian Eric Bayley4 other2010-01
Brian E. Bayley3 other2016-07
David Morrell Cole2 other2010-01
Michael D. Winn1 other2016-07
Brian Kenneth Levet2011-03
Brian K Levet2016-07
Christina Dempsey Cepeliauskas2010-01
Christina M Cepeliauskas2016-07
Christina Minoru Cepeliauskas2017-04
David M Cole2016-07
Douglas Minoru Reed2021-11
George Kok Chean Lim2010-01
Henrik Minoru Lundin2021-11
Larry K Okada2016-07
Larry Minoru Okada2017-04
Merrit Stephen Enders2010-01
Rocio Minoru Echegaray2021-11
S.C. Sunny Minoru Lowe2021-11
Valerie Dempsey Barlow2011-03
Registry & provenance

EMX Royalty Corp 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
1285786
SEC CIK
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Semantically similar

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Frequently asked
How much funding has EMX Royalty Corp raised?
EMX Royalty Corp has raised approximately $33.2M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is EMX Royalty Corp's estimated valuation?
Provath's modeled valuation for EMX Royalty Corp is approximately $97.0M (modeled range $13.1M–$386.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is EMX Royalty Corp at?
EMX Royalty Corp's latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Nov 05.
What does EMX Royalty Corp do and where is it based?
EMX Royalty Corp operates in the Other sector, based in VANCOUVER.
Explore related

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

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