Companies · Other

Forager Group, Inc.

CHICAGO · Other

Diligence memoA one-page analyst read on Forager Group, Inc. — recommendation, valuation, rhythm, risks.
$13.2M
Total raised · real
3
Rounds
3.0×
Latest step-up
Top 20%
Sector rank · raised
Series A
Latest stage · inferred · Mon Mar 23 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Forager Group, Inc. looks over-valued 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.

Over-valued
  • Modeled value is 1.74× the median modeled value of Series A Other companies in 2019–2021 (858 peers) — value vs value, same stage and era.
Dormant
  • Last raise 6.3 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

Forager Group, Inc. is one of 25015 Other companies tracked from CHICAGO. By capital raised it ranks in the upper tier (ahead of 81% 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
6
Investors (latest)
2018
Year incorporated
2020-03-23
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$200MPre-Seed · 2018-12-10 Raised $850K (real) Modeled valuation $20M (est)$850K$20MPre-Seed2018Seed · 2019-07-30 Raised $3.1M (real) Modeled valuation $57M (est)$3.1M$57MSeed2019Series A · 2020-03-23 Raised $9.3M (real) Modeled valuation $141M (est)$9.3M$141MSeries A2020+$3.1M+$9.3MCumulative $13M

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$850K · 2018
Seed$3.1M · 2019
Series A$9.3M · 2020

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

Modeled valuation trajectory
$140.7M
Base estimate est.
$12.7M
Conservative case
$765.3M
Upside case
$42.3M
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.

Pre-Seed · modeled $19.6M · 2018-12-102018Seed · modeled $57.2M · 2019-07-30Series A · modeled $140.7M · 2020-03-232020
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
6.0 yr
Elapsed time used
6.3 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
8 mo
Avg between rounds
$10.3M/yr
Capital velocity
7.6 yr
On record since
2018
First round
3
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) 6.5× above median
This company$13.2M
Sector median$2.0M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.6× above median
This company$9.3M
Sector median$5.7M
Modeled value — vs sector median (estimate, all stages) 8.0× above median
This company$140.7M
Sector median$17.7M

Raised more than 81% of sector peers (real $). Modeled value above 86% 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 #147 of 858.

This companyCohort peer
$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)Forager Group, Inc. (this company) Raised $13.2M · modeled $140.7M (est)Forager Group, Inc.
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×
Forager Group, Inc. this companySeries A$13.2M$140.7M1.74×
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$850K2018-12-10$4.7M$19.6M90%
Seed$3.1M2019-07-30$15.4M$57.2M90%
Series A$9.3M2020-03-23$42.3M$140.7M90%
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$850K2018-12-10
    • First recorded raise — entered as Pre-Seed.
    • 11 investors on this round.
  2. Seed$3.1M2019-07-30
    • Raised 8 mo later, in step with the ~11 mo sector norm.
    • Round 3.6× larger than the prior — scaling up.
    • 9 investors on this round.
  3. Series A$9.3M2020-03-23
    • Raised 8 mo later, in step with the ~11 mo sector norm.
    • Round 3.0× larger than the prior — scaling up.
    • 6 investors on this round.
Intelligence
2020 ~Q4
Modeled next raise · ~8mo cadence
$27.9M
Modeled next size est.range $18.1M$44.6M
3.0×
Last step-up
$10.3M/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
Matthew Silver2 other2018-12
Eric A. Lunt2020-03
Jessica A. Essman2019-07
Jordan Salins2018-12
Rick A. Lewis2020-03
Stuart A. Larkins2019-07
Registry & provenance

Forager Group, 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
1762642
SEC CIK
2018
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
Polo Resources LtdOtherSeries A$13.2M$151.3Msame sector · same stage
Cargo Chief, Inc.OtherSeries A$13.2M$151.6Msame sector · same stage
NomNomNow Inc.OtherSeries A$13.3M$151.3Msame sector · same stage
Firetide Inc.OtherSeries A$13.1M$129.9Msame sector · same stage
Sedona Canyon, LLCOtherSeries A$13.0M$141.7Msame sector · same stage
Sterling Bluff Investments, LLCOtherSeries A$13.0M$135.3Msame sector · same stage
Gotrade Financial Inc.OtherSeries A$13.5M$137.3Msame sector · same stage
Northern Star Mining CorpOtherSeries A$12.8M$146.2Msame 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
Forager1, Inc.OtherPre-Seed$5.9M95%
ForUsAll, Inc.OtherSeries B$51.4M82%
CannGoods, Inc.OtherPre-Seed$2.3M79%
LunchBadger, Inc.OtherSeed$30.3M78%
Orcas Product Group, Inc.OtherPre-Seed$3.8M78%
SmallWorld Group, Inc.OtherSeed$11.0M78%
Beekeeper's Naturals Inc.OtherSeries B$125.8M78%
FoodMaven CorpOtherSeries B$2.6M78%
Frequently asked
How much funding has Forager Group, Inc. raised?
Forager Group, Inc. has raised approximately $13.2M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Forager Group, Inc.'s estimated valuation?
Provath's modeled valuation for Forager Group, Inc. is approximately $140.7M (modeled range $12.7M–$765.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Forager Group, Inc. at?
Forager Group, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Mon Mar 23.
What does Forager Group, Inc. do and where is it based?
Forager Group, Inc. operates in the Other sector, based in CHICAGO.
Explore related

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

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