Companies · Other

Free Public, SPC

Portland · Other

Diligence memoA one-page analyst read on Free Public, SPC — recommendation, valuation, rhythm, risks.
$900K
Total raised · real
2
Rounds
3.7×
Latest step-up
Top 67%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Mon Apr 23 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Free Public, SPC 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 1.86× the median modeled value of Pre-Seed Other companies in 2016–2018 (1548 peers) — value vs value, same stage and era.
Dormant
  • Last raise 8.2 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

Free Public, SPC is one of 25015 Other companies tracked from Portland. By capital raised it ranks in the long tail (ahead of 34% of sector peers), and mid-pack 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
$0–$1M
Issuer revenue
Rule 506(b)
Reg D exemption
9
Investors (latest)
2016
Year incorporated
2018-04-23
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$5.0M$10M$15M$20MPre-Seed · 2017-09-15 Raised $250K (real) Modeled valuation $5.8M (est)$250K$5.8MPre-Seed2017Pre-Seed · 2017-09-15 Raised $175K (real) Modeled valuation $4.0M (est)$175K$4.0MPre-Seed2017Pre-Seed · 2018-04-23 Raised $650K (real) Modeled valuation $15M (est)$650K$15MPre-Seed2018+$175K+$650KCumulative $1.1M

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
Pre-Seed$250K · 2017
Pre-Seed extension$175K · 2017
Pre-Seed extension$650K · 2018

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

Modeled valuation trajectory
$15.0M
Base estimate est.
$433K
Conservative case
$170.3M
Upside case
$3.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Pre-Seed · modeled $5.8M · 2017-09-152017Pre-Seed · modeled $4.0M · 2017-09-15Pre-Seed · modeled $15.0M · 2018-04-232018
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
30%
Survival probability
12% low · 55% high
1.55×/yr
Annual markup
2.10×/yr upside case
6.0 yr
Elapsed time used
8.2 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
4 mo
Avg between rounds
$1.5M/yr
Capital velocity
8.8 yr
On record since
2017
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) 0.4× of median
This company$900K
Sector median$2.0M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 1.9× above median
This company$650K
Sector median$350K
Modeled value — vs sector median (estimate, all stages) 0.9× of median
This company$15.0M
Sector median$17.7M

Raised more than 34% of sector peers (real $). Modeled value above 47% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-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 #321 of 1,548.

This companyCohort peer
$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Castleray Mezzanine Partners I, LLC · Pre-Seed Raised $1.0M · modeled $23.1M (est)AFI Holdings, LLC · Pre-Seed Raised $1.0M · modeled $23.1M (est)WWGL Inc. · Pre-Seed Raised $1.0M · modeled $23.1M (est)Ride Velo, Inc. · Pre-Seed Raised $1.0M · modeled $23.1M (est)ChampAmerica Inc. · Pre-Seed Raised $1.0M · modeled $23.1M (est)Branom Holding LLC · Pre-Seed Raised $1.0M · modeled $23.1M (est)Encourage Green Carbon Company, LLC · Pre-Seed Raised $1.0M · modeled $23.1M (est)Coast 2 Coast Extracts, LLC · Pre-Seed Raised $1.0M · modeled $23.1M (est)Laurel Mountain Partners LCRD, LLC · Pre-Seed Raised $1.0M · modeled $23.1M (est)BrandSpins, LLC · Pre-Seed Raised $1.5M · modeled $23.1M (est)Over. Easy., LLC · Pre-Seed Raised $1.0M · modeled $23.1M (est)Livng Memory, LLC · Pre-Seed Raised $1.0M · modeled $23.1M (est)Free Public, SPC (this company) Raised $900K · modeled $15.0M (est)Free Public, SPC
CompanyStageRaised · realValue · estvs peer med.
Castleray Mezzanine Partners I, LLCPre-Seed$1.0M$23.1M2.86×
AFI Holdings, LLCPre-Seed$1.0M$23.1M2.86×
WWGL Inc.Pre-Seed$1.0M$23.1M2.86×
Ride Velo, Inc.Pre-Seed$1.0M$23.1M2.86×
ChampAmerica Inc.Pre-Seed$1.0M$23.1M2.86×
Branom Holding LLCPre-Seed$1.0M$23.1M2.86×
Encourage Green Carbon Company, LLCPre-Seed$1.0M$23.1M2.86×
Coast 2 Coast Extracts, LLCPre-Seed$1.0M$23.1M2.86×
Laurel Mountain Partners LCRD, LLCPre-Seed$1.0M$23.1M2.86×
BrandSpins, LLCPre-Seed$1.5M$23.1M2.86×
Over. Easy., LLCPre-Seed$1.0M$23.1M2.86×
Livng Memory, LLCPre-Seed$1.0M$23.1M2.86×
Free Public, SPC this companyPre-Seed$900K$15.0M1.86×
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$250K2017-09-15$1.4M$5.8M90%
Pre-Seed$175K2017-09-15$972K$4.0M90%
Pre-Seed$650K2018-04-23$3.6M$15.0M90%
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$250K2017-09-15
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
  2. Pre-Seed$175K2017-09-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  3. Pre-Seed$650K2018-04-23
    • Raised 7 mo later, in step with the ~11 mo sector norm.
    • Round 3.7× larger than the prior — scaling up.
    • Revenue band moved No revenue → $0–$1M.
    • 9 investors on this round.
Intelligence
2018 ~Q3
Modeled next raise · ~4mo cadence
$1.9M
Modeled next size est.range $1.3M$3.1M
3.7×
Last step-up
$1.5M/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
Robert Greenberg5 other2017-09
Etter Michael2018-04
Gerald F Chew2017-09
Matt Lounsbury2017-09
Michael Etter2017-09
Ron Penner-Ash2017-09
Registry & provenance

Free Public, SPC 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
1716780
SEC CIK
2016
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.

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Menud Co.OtherPre-Seed$871K$14.8Msame sector · same stage
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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
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Public Rec Co.OtherSeries A$28.6M77%
Common Sense Privacy, PBCOther TechnologySeries A$55.2M75%
Free From Marketplace, Inc.OtherSeed$29.5M74%
C-Combinator, A Public Benefit CorpOtherSeries A$1.4M74%
Liberty Source PBCOtherPre-Seed$9.8M73%
TransparentC, Inc.OtherPre-Seed$19.5M73%
Free Play, LLCOtherSeed$20.4M73%
Frequently asked
How much funding has Free Public, SPC raised?
Free Public, SPC has raised approximately $900K in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Free Public, SPC's estimated valuation?
Provath's modeled valuation for Free Public, SPC is approximately $15.0M (modeled range $433K–$170.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Free Public, SPC at?
Free Public, SPC's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Mon Apr 23.
What does Free Public, SPC do and where is it based?
Free Public, SPC operates in the Other sector, based in Portland.
Explore related

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

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