Companies · Business Services

Flete, Inc.

DES MOINES · Business Services

Diligence memoA one-page analyst read on Flete, Inc. — recommendation, valuation, rhythm, risks.
$653K
Total raised · real
1
Rounds
2.0×
Latest step-up
Top 53%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Tue Oct 01 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Flete, Inc. looks fair against its niche peers and is quiet on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the business services 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 1.26× the median modeled value of Pre-Seed Business Services companies in 2022–2024 (151 peers) — value vs value, same stage and era.
  • Within the normal band (126% of peer median) for its niche.
Quiet
  • Last raise 21 mo ago; this sector typically re-raises about every 12 months.
  • Slightly overdue versus sector 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 Business Services

Flete, Inc. is one of 2438 Business Services companies tracked from DES MOINES. By capital raised it ranks mid-pack (ahead of 48% of sector peers), and in the long tail 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
12
Investors (latest)
2024
Year incorporated
2024-10-01
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$1.3M$2.5M$3.8M$5.0MPre-Seed · 2024-10-01 Raised $325K (real) Modeled valuation $1.3M (est)$325K$1.3MPre-Seed2024Pre-Seed · 2024-10-01 Raised $653K (real) Modeled valuation $2.6M (est)$653K$2.6MPre-Seed2024+$653KCumulative $978K

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
Pre-Seed$325K · 2024
Pre-Seed extension$653K · 2024

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$2.6M
Base estimate est.
$444K
Conservative case
$8.1M
Upside case
$3.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the business services sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $1.3M · 2024-10-012024Pre-Seed · modeled $2.6M · 2024-10-012024
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
31%
Survival probability
12% low · 56% high
1.63×/yr
Annual markup
2.21×/yr upside case
1.8 yr
Elapsed time used
1.8 yr actual, capped for stale marks
business services
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
1.7 yr
On record since
2024
First round
2
Rounds on file
How it compares to the market

Benchmarked against 2438 companies in Business Services. 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) 0.4× of median
This company$653K
Sector median$1.5M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 2.0× above median
This company$653K
Sector median$322K
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$2.6M
Sector median$15.1M

Raised more than 48% of sector peers (real $). Modeled value above 31% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) 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 #62 of 151.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)AltaClaro, Inc. · Pre-Seed Raised $1.0M · modeled $14.7M (est)LC Group, LLC · Pre-Seed Raised $713K · modeled $9.7M (est)SEI - Chicago LLC · Pre-Seed Raised $1.3M · modeled $8.1M (est)Ellie Lane Capital Llc · Pre-Seed Raised $800K · modeled $7.3M (est)Blast Digital Media Corp · Pre-Seed Raised $500K · modeled $7.0M (est)Clean30 LLC · Pre-Seed Raised $600K · modeled $6.9M (est)Skydeo Inc · Pre-Seed Raised $834K · modeled $6.7M (est)Aiken Farrell Kroloff Llc · Pre-Seed Raised $1.0M · modeled $6.7M (est)TeamBuilder, LLC · Pre-Seed Raised $895K · modeled $6.4M (est)Altitude International Holdings, Inc. · Pre-Seed Raised $850K · modeled $6.4M (est)Esports Exclusive, Inc. · Pre-Seed Raised $350K · modeled $5.2M (est)Topranked.Io Llc · Pre-Seed Raised $750K · modeled $5.2M (est)Flete, Inc. (this company) Raised $653K · modeled $2.6M (est)Flete, Inc.
CompanyStageRaised · realValue · estvs peer med.
AltaClaro, Inc.Pre-Seed$1.0M$14.7M7.12×
LC Group, LLCPre-Seed$713K$9.7M4.72×
SEI - Chicago LLCPre-Seed$1.3M$8.1M3.94×
Ellie Lane Capital LlcPre-Seed$800K$7.3M3.54×
Blast Digital Media CorpPre-Seed$500K$7.0M3.41×
Clean30 LLCPre-Seed$600K$6.9M3.33×
Skydeo IncPre-Seed$834K$6.7M3.25×
Aiken Farrell Kroloff LlcPre-Seed$1.0M$6.7M3.23×
TeamBuilder, LLCPre-Seed$895K$6.4M3.13×
Altitude International Holdings, Inc.Pre-Seed$850K$6.4M3.12×
Esports Exclusive, Inc.Pre-Seed$350K$5.2M2.52×
Topranked.Io LlcPre-Seed$750K$5.2M2.51×
Flete, Inc. this companyPre-Seed$653K$2.6M1.26×
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.
Pre-Seed$325K2024-10-01$1.8M$1.3M90%
Pre-Seed$653K2024-10-01$3.6M$2.6M90%
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. Pre-Seed$325K2024-10-01
    • First recorded raise — entered as Pre-Seed.
    • 7 investors on this round.
  2. Pre-Seed$653K2024-10-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.0× larger than the prior — scaling up.
    • 12 investors on this round.
Intelligence
Modeled next raise
$1.3M
Modeled next size est.range $852K$2.1M
2.0×
Last step-up
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
Colin Knudsen2024-10
Drake Bauer2024-10
James Rotbert2024-10
Registry & provenance

Flete, 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
2040857
SEC CIK
2024
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
Connective Health Strategies, LLCBusiness ServicesPre-Seed$650K$2.7Msame sector · same stage
MHP Partners, Inc.Business ServicesPre-Seed$650K$1.9Msame sector · same stage
Scribl, Inc.Business ServicesPre-Seed$665K$942Ksame sector · same stage
RMP EvidenceCare, LLCBusiness ServicesPre-Seed$640K$4.4Msame sector · same stage
VLinc CorpBusiness ServicesPre-Seed$635K$1.1Msame sector · same stage
Bowden Trucking, LLCBusiness ServicesPre-Seed$675K$1.1Msame sector · same stage
Next Thing,LLCBusiness ServicesPre-Seed$625K$1.1Msame sector · same stage
ParcelPal Logistics Inc.Business ServicesPre-Seed$684K$1.5Msame sector · same stage
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
Floafers, LLCRetailingSeed$17.4M79%
Pontem Partners Inc.Business ServicesPre-Seed$956K77%
Wesave, Inc.Business ServicesPre-Seed$7.8M77%
HMETE Inc.RetailingPre-Seed$1.6M77%
RE-OPS, Inc.Business ServicesSeed$26.3M77%
Relode, LLCBusiness ServicesSeries A$1.3M77%
Worklete, Inc.Business ServicesSeries A$134.5M77%
Wrapify, Inc.Business ServicesSeries A$33.2M77%
Frequently asked
How much funding has Flete, Inc. raised?
Flete, Inc. has raised approximately $653K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Flete, Inc.'s estimated valuation?
Provath's modeled valuation for Flete, Inc. is approximately $2.6M (modeled range $444K–$8.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Flete, Inc. at?
Flete, Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Tue Oct 01.
What does Flete, Inc. do and where is it based?
Flete, Inc. operates in the Business Services sector, based in DES MOINES.
Explore related

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

Is this your company?

If you work at Flete, Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.