Companies · Manufacturing

Fluid Technology Solutions (FTS), Inc.

ALBANY · Manufacturing

Diligence memoA one-page analyst read on Fluid Technology Solutions (FTS), Inc. — recommendation, valuation, rhythm, risks.
$3.2M
Total raised · real
3
Rounds
0.5×
Latest step-up
Top 42%
Sector rank · raised
Seed
Latest stage · inferred · Fri Aug 26 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Fluid Technology Solutions (FTS), 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 manufacturing 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 0.76× the median modeled value of Seed Manufacturing companies in 2022–2024 (161 peers) — value vs value, same stage and era.
  • Within the normal band (76% of peer median) for its niche.
At-risk
  • Last raise 3.8 yr ago; this sector typically re-raises about every 12 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 Manufacturing

Fluid Technology Solutions (FTS), Inc. is one of 3257 Manufacturing companies tracked from ALBANY. By capital raised it ranks mid-pack (ahead of 59% 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
$1M–$5M
Issuer revenue
Rule 506(b)
Reg D exemption
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$50MPre-Seed · 2015-07-29 Raised $200K (real) Modeled valuation $3.1M (est)$200K$3.1MPre-Seed2015Pre-Seed · 2020-07-09 Raised $300K (real) Modeled valuation $4.5M (est)$300K$4.5MPre-Seed2020Seed · 2020-07-09 Raised $2.0M (real) Modeled valuation $24M (est)$2.0M$24MSeed2020Seed · 2022-08-26 Raised $1.0M (real) Modeled valuation $6.4M (est)$1.0M$6.4MSeed2022+$300K+$2.0M+$1.0MCumulative $3.5M

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$200K · 2015
Pre-Seed extension$300K · 2020
Seed$2.0M · 2020
Seed extension$1.0M · 2022

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

Modeled valuation trajectory
$6.4M
Base estimate est.
$918K
Conservative case
$28.3M
Upside case
$5.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the manufacturing sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $3.1M · 2015-07-292015Pre-Seed · modeled $4.5M · 2020-07-09Seed · modeled $24.4M · 2020-07-09Seed · modeled $6.4M · 2022-08-262022
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
41%
Survival probability
18% low · 63% high
1.35×/yr
Annual markup
1.77×/yr upside case
3.9 yr
Elapsed time used
3.9 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
28 mo
Avg between rounds
$452K/yr
Capital velocity
10.9 yr
On record since
2015
First round
4
Rounds on file
How it compares to the market

Benchmarked against 3257 companies in Manufacturing. 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) 1.6× above median
This company$3.2M
Sector median$2.0M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.6× of median
This company$1.0M
Sector median$1.6M
Modeled value — vs sector median (estimate, all stages) 0.5× of median
This company$6.4M
Sector median$12.0M

Raised more than 59% of sector peers (real $). Modeled value above 36% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (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 #104 of 161.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)Three Rivers Preferred Group LLC · Seed Raised $4.0M · modeled $29.6M (est)Thelma's, L.L.C. · Seed Raised $3.8M · modeled $27.7M (est)Mills Products, LLC · Seed Raised $3.8M · modeled $26.2M (est)Unity Laundry Systems Corp · Seed Raised $4.0M · modeled $25.8M (est)Ohio Heat Holdings LLC · Seed Raised $3.8M · modeled $25.6M (est)VMC Acquisition Co LLC · Seed Raised $2.9M · modeled $21.8M (est)LightningCath, Inc. · Seed Raised $3.0M · modeled $21.6M (est)Smede Son Holding Co LLC · Seed Raised $3.6M · modeled $20.9M (est)Total Advantage LLC · Seed Raised $3.5M · modeled $20.4M (est)Applied Bioplastics Corp. · Seed Raised $4.0M · modeled $20.3M (est)World Matcha Inc. · Seed Raised $5.6M · modeled $19.7M (est)Cotsworks, Inc. · Seed Raised $2.9M · modeled $19.6M (est)Fluid Technology Solutions (FTS), Inc. (this company) Raised $3.2M · modeled $6.4M (est)Fluid Technology Solutions (FTS), Inc.
CompanyStageRaised · realValue · estvs peer med.
Three Rivers Preferred Group LLCSeed$4.0M$29.6M3.49×
Thelma's, L.L.C.Seed$3.8M$27.7M3.26×
Mills Products, LLCSeed$3.8M$26.2M3.09×
Unity Laundry Systems CorpSeed$4.0M$25.8M3.04×
Ohio Heat Holdings LLCSeed$3.8M$25.6M3.01×
VMC Acquisition Co LLCSeed$2.9M$21.8M2.56×
LightningCath, Inc.Seed$3.0M$21.6M2.55×
Smede Son Holding Co LLCSeed$3.6M$20.9M2.47×
Total Advantage LLCSeed$3.5M$20.4M2.40×
Applied Bioplastics Corp.Seed$4.0M$20.3M2.40×
World Matcha Inc.Seed$5.6M$19.7M2.32×
Cotsworks, Inc.Seed$2.9M$19.6M2.31×
Fluid Technology Solutions (FTS), Inc. this companySeed$3.2M$6.4M0.76×
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$200K2015-07-29$1.1M$3.1M85%
Pre-Seed$300K2020-07-09$1.7M$4.5M90%
Seed$2.0M2020-07-09$10.0M$24.4M90%
Seed$1.0M2022-08-26$5.0M$6.4M90%
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$200K2015-07-29
    • First recorded raise — entered as Pre-Seed.
    • 3 investors on this round.
  2. Pre-Seed$300K2020-07-09
    • Raised again after 59 mo — slower than the ~12 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 2 investors on this round.
  3. Seed$2.0M2020-07-09
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 6.7× larger than the prior — scaling up.
    • Revenue band moved $0–$1M → $1M–$5M.
    • 19 investors on this round.
  4. Seed$1.0M2022-08-26
    • Raised again after 26 mo — slower than the ~12 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
Intelligence
2025 ~Q1
Modeled next raise · ~28mo cadence
$1.0M
Modeled next size est.range $1.0M$1.6M
0.5×
Last step-up
$452K/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
Don A. David2022-08
Edward A. Perlenfein2020-07
Edward G. Beaudry2015-07
F. Rowe Michels2020-07
Jinrong A. Ou2020-07
Jinrong Rowe Ou2020-07
John R. Herron2015-07
Keith A. Lampi2015-07
Robert R. Salter2015-07
Stephen A. Vitkauskas2020-07
Stephen Rowe Vitkauskas2020-07
Wei A. Chen2020-07
Wei Rowe Chen2020-07
Yurong A. Li2015-07
Registry & provenance

Fluid Technology Solutions (FTS), 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
1649917
SEC CIK
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
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THARP CABINET Co LPManufacturingSeed$3.0M$6.4Msame sector · same stage
Red Duck Foods, Inc.ManufacturingSeed$3.0M$5.4Msame sector · same stage
US Pharmatech Inc.ManufacturingSeed$3.4M$8.1Msame sector · same stage
Adiabatic Solutions, LLCManufacturingSeed$3.0M$6.1Msame sector · same stage
Aztek Bats LlcManufacturingSeed$3.0M$6.1Msame 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
Flow Environmental Systems, Inc.ManufacturingSeed$2.0M82%
Engineered Propulsion Systems, Inc.ManufacturingSeries A$20.0M82%
Specialty Liquid Transportation Corp.ManufacturingSeries B$318.1M81%
QCS Operations, LLCManufacturingPre-Seed$584K80%
Power Solutions Holdings, LLCManufacturingSeries A$17.1M80%
Fluid Construction Inc.ConstructionPre-Seed$783K80%
ESS Tech, Inc.ManufacturingPre-Seed$2.2M80%
BCS Acquisition, LLCManufacturingSeed$3.8M80%
Frequently asked
How much funding has Fluid Technology Solutions (FTS), Inc. raised?
Fluid Technology Solutions (FTS), Inc. has raised approximately $3.2M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Fluid Technology Solutions (FTS), Inc.'s estimated valuation?
Provath's modeled valuation for Fluid Technology Solutions (FTS), Inc. is approximately $6.4M (modeled range $918K–$28.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Fluid Technology Solutions (FTS), Inc. at?
Fluid Technology Solutions (FTS), Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Aug 26.
What does Fluid Technology Solutions (FTS), Inc. do and where is it based?
Fluid Technology Solutions (FTS), Inc. operates in the Manufacturing sector, based in ALBANY.
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