Diligence memo · auto-generated · as of July 2, 2026
Fold, Inc.
Fold, Inc. looks fair against its niche peers and is quiet on financing cadence.
Businessfiled
Fold, Inc. operates in Other Technology, based in PHOENIX.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Fold, Inc. has raised $58M in disclosed capital across 5 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $40M on 2024-12-24.
Most recent recorded round closed around 2024-12-24.
Valuation (modeled)modeled
Provath models Fold, Inc. at approximately $252M (range $98M–$411M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.17× the median modeled value of Series B Other Technology companies in 2022–2024 (514 peers) — value vs value, same stage and era. Within the normal band (117% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 16 months.
Last raise 18 mo ago; this sector typically re-raises about every 13 months.
Slightly overdue versus sector cadence.
The last round stepped up 2.3× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 94% of Other Technology peers (21302 compared).
Modeled value ranks above 86% of those peers.
Closest niche peers: Contabilizei Co, Skan, Inc., Design Barn Inc., SKAEL, Inc., Maze.Design, Inc..
Peoplefiled
7 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.