Companies · Other

Formation Metals Inc

VANCOUVER · Other

Diligence memoA one-page analyst read on Formation Metals Inc — recommendation, valuation, rhythm, risks.
$8.1M
Total raised · real
3
Rounds
0.3×
Latest step-up
Top 27%
Sector rank · raised
Series A
Latest stage · inferred · Wed Jun 01 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

Formation Metals Inc looks under-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.

Under-valued
  • Modeled value is 0.09× the median modeled value of Series A Other companies in 2016–2018 (707 peers) — value vs value, same stage and era.
Dormant
  • Last raise 10.1 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

Formation Metals Inc is one of 25015 Other companies tracked from VANCOUVER. By capital raised it ranks in the upper tier (ahead of 74% 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
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$25M$50M$75M$100MSeries A · 2009-04-29 Raised $5.9M (real) Modeled valuation $89M (est)$5.9M$89MSeries A2009Series A · 2010-05-06 Raised $1.8M (real) Modeled valuation $27M (est)$1.8M$27MSeries A2010Series A · 2016-06-01 Raised $503K (real) Modeled valuation $7.6M (est)$503K$7.6MSeries A2016+$1.8M+$503KCumulative $8.1M

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
Series A$5.9M · 2009
Series A extension$1.8M · 2010
Series A extension$503K · 2016

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$7.6M
Base estimate est.
$687K
Conservative case
$41.4M
Upside case
$2.3M
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.

Series A · modeled $88.6M · 2009-04-292009Series A · modeled $26.7M · 2010-05-06Series A · modeled $7.6M · 2016-06-012016
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
10.1 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
43 mo
Avg between rounds
$1.1M/yr
Capital velocity
17.2 yr
On record since
2009
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) 4.0× above median
This company$8.1M
Sector median$2.0M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.1× of median
This company$503K
Sector median$5.7M
Modeled value — vs sector median (estimate, all stages) 0.4× of median
This company$7.6M
Sector median$17.7M

Raised more than 74% of sector peers (real $). Modeled value above 33% 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 #685 of 707.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Hogsalt Investors Llc · Series A Raised $15.0M · modeled $227.0M (est)Fanchise League Co LLC · Series A Raised $16.1M · modeled $227.0M (est)CannCare, Inc · Series A Raised $15.0M · modeled $227.0M (est)Baba Joe Diamond Ventures Us Inc. · Series A Raised $15.0M · modeled $227.0M (est)Instapage, Inc. · Series A Raised $18.0M · modeled $227.0M (est)Genie Enterprises, Ltd · Series A Raised $15.0M · modeled $227.0M (est)ACM Research, Inc. · Series A Raised $15.0M · modeled $227.0M (est)Cardinal Memorial Ultimate Holdings, Llc · Series A Raised $15.0M · modeled $227.0M (est)Qq Utah 3, Llc · Series A Raised $15.0M · modeled $227.0M (est)Mina Mar Corp · Series A Raised $15.0M · modeled $227.0M (est)PASSADO Co Ltd · Series A Raised $15.0M · modeled $227.0M (est)Tatcha LLC · Series A Raised $21.3M · modeled $227.0M (est)Formation Metals Inc (this company) Raised $8.1M · modeled $7.6M (est)Formation Metals Inc
CompanyStageRaised · realValue · estvs peer med.
Hogsalt Investors LlcSeries A$15.0M$227.0M2.59×
Fanchise League Co LLCSeries A$16.1M$227.0M2.59×
CannCare, IncSeries A$15.0M$227.0M2.59×
Baba Joe Diamond Ventures Us Inc.Series A$15.0M$227.0M2.59×
Instapage, Inc.Series A$18.0M$227.0M2.59×
Genie Enterprises, LtdSeries A$15.0M$227.0M2.59×
ACM Research, Inc.Series A$15.0M$227.0M2.59×
Cardinal Memorial Ultimate Holdings, LlcSeries A$15.0M$227.0M2.59×
Qq Utah 3, LlcSeries A$15.0M$227.0M2.59×
Mina Mar CorpSeries A$15.0M$227.0M2.59×
PASSADO Co LtdSeries A$15.0M$227.0M2.59×
Tatcha LLCSeries A$21.3M$227.0M2.59×
Formation Metals Inc this companySeries A$8.1M$7.6M0.09×
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.
Series A$5.9M2009-04-29$26.6M$88.6M90%
Series A$1.8M2010-05-06$8.0M$26.7M90%
Series A$503K2016-06-01$2.3M$7.6M90%
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. Series A$5.9M2009-04-29
    • First recorded raise — entered as Series A.
  2. Series A$1.8M2010-05-06
    • Raised 12 mo later, in step with the ~11 mo sector norm.
    • Round 3.3× smaller than the prior — bridge or down round.
  3. Series A$503K2016-06-01
    • Raised again after 73 mo — slower than the ~11 mo sector norm.
    • Round 3.5× smaller than the prior — bridge or down round.
Intelligence
2019 ~Q4
Modeled next raise · ~43mo cadence
$503K
Modeled next size est.range $503K$806K
0.3×
Last step-up
$1.1M/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
David Stone11 other2009-04
Robert J. Quinn3 other2010-05
James B. Engdahl2 other2009-04
Robert Quinn2 other2009-04
Cecil D. Andrus1 other2010-05
Charles D. Entrekin1 other2010-05
David J. Stone1 other2010-05
GREGORY A HAHN1 other2016-06
Jeffrey Scott Bending1 other2010-05
J. Scott Bending1 other2009-04
Mari-Ann Green1 other2009-04
Robert G. Metka1 other2010-05
Scott A. Hean1 other2016-06
William G. Scales1 other2009-04
Cecil Andrus2009-04
David A. Christie2016-06
David M.R. Stone2016-06
James B.P. Engdahl2016-06
Marc Tran2016-06
Paul A. Farquharson2016-06
Rick A. Honsinger2016-06
Robert Metka2009-04
Registry & provenance

Formation Metals 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
911586
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
Formation Metals IncOtherSeries A$15.9M$75.7Mnetwork10 shared operators · same sector · same stage
Great Western Minerals Group LtdOtherSeries B$65.6M$407.5Mnetwork3 shared operators · same sector
Kimberly Akimbo Ltd Liability CoOtherSeries A$7.0M$61.3Mnetwork1 shared operator · same sector · same stage
Some Other Me, LLCOtherSeries A$10.0M$25.0Mnetwork1 shared operator · same sector · same stage
Purpose Broadway Ltd Liability CoOtherSeries A$5.3M$20.7Mnetwork1 shared operator · same sector · same stage
Face to Face Broadway LLCOtherSeries A$5.2M$79.2Mnetwork1 shared operator · same sector · same stage
Talino Ventures PBCOtherSeries A$8.2M$7.8Msame sector · same stage
Make It Happen Broadway, Ltd Liability CoOtherSeries A$8.2M$7.7Msame sector · same stage
Frequently asked
How much funding has Formation Metals Inc raised?
Formation Metals Inc has raised approximately $8.1M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Formation Metals Inc's estimated valuation?
Provath's modeled valuation for Formation Metals Inc is approximately $7.6M (modeled range $687K–$41.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Formation Metals Inc at?
Formation Metals Inc's latest modeled financing stage is Series A. Its most recent recorded round closed around Wed Jun 01.
What does Formation Metals Inc do and where is it based?
Formation Metals Inc operates in the Other sector, based in VANCOUVER.
Explore related

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