Diligence memo · auto-generated · as of July 2, 2026
Flow Commerce Inc.
Flow Commerce Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Flow Commerce Inc. operates in Consumer / Retail, based in HOBOKEN.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Flow Commerce Inc. has raised $56M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $37M on 2019-09-03.
Most recent recorded round closed around 2019-09-03.
Valuation (modeled)modeled
Provath models Flow Commerce Inc. at approximately $208M (range $83M–$802M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.65× the median modeled value of Series B Consumer / Retail companies in 2019–2021 (6 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 10 months.
Last raise 6.8 yr ago; this sector typically re-raises about every 15 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 2.0× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 98% of Consumer / Retail peers (1161 compared).
Modeled value ranks above 99% of those peers.
Closest niche peers: Iconic Brands, Inc., Shopmonkey Inc., Round2 Shop, Inc., Commerce Layer, Inc., Hero Cosmetics, Inc..
Peoplefiled
5 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.