Companies · Other

Global Water Resources, Inc.

PHOENIX · Other

Diligence memoA one-page analyst read on Global Water Resources, Inc. — recommendation, valuation, rhythm, risks.
$148.2M
Total raised · real
3
Rounds
4.7×
Latest step-up
Top 3%
Sector rank · raised
Series D+
Latest stage · inferred · Tue Sep 30 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Global Water Resources, Inc. looks under-valued against its niche peers and is active 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 0.11× the median modeled value of Series D+ Other companies in 2025–2027 (50 peers) — value vs value, same stage and era.
  • Issuer reports $25M–$100M revenue while modeled below niche peers.
Active
  • Last raise 9 mo ago; this sector typically re-raises about every 11 months.
  • Raising on or ahead of the sector's normal rhythm.
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

Global Water Resources, Inc. is one of 25015 Other companies tracked from PHOENIX. By capital raised it ranks among the largest (ahead of 98% 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
$25M–$100M
Issuer revenue
Rule 506(b)
Reg D exemption
3
Investors (latest)
2025-09-30
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$1.3B$2.5B$3.8B$5.0BSeries D+ · 2010-12-30 Raised $132M (real) Modeled valuation $2.3B (est)$132M$2.3BSeries D+2010Series D+ · 2023-06-08 Raised $2.8M (real) Modeled valuation $31M (est)$2.8M$31MSeries D+2023Series D+ · 2025-09-30 Raised $13M (real) Modeled valuation $104M (est)$13M$104MSeries D+2025+$2.8M+$13MCumulative $148M

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 D+$132.3M · 2010
Series D+ extension$2.8M · 2023
Series D+ extension$13.1M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 17%.

Modeled valuation trajectory
$103.7M
Base estimate est.
$74.2M
Conservative case
$124.9M
Upside case
$109.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Series D+ · modeled $2.3B · 2010-12-302010Series D+ · modeled $31.0M · 2023-06-08Series D+ · modeled $103.7M · 2025-09-302025
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
85%
Survival probability
68% low · 94% high
1.16×/yr
Annual markup
1.30×/yr upside case
0.8 yr
Elapsed time used
0.8 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
89 mo
Avg between rounds
$10.0M/yr
Capital velocity
15.5 yr
On record since
2010
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) 72× above median
This company$148.2M
Sector median$2.0M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.1× of median
This company$13.1M
Sector median$125.1M
Modeled value — vs sector median (estimate, all stages) 5.9× above median
This company$103.7M
Sector median$17.7M

Raised more than 98% of sector peers (real $). Modeled value above 83% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) 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 #37 of 50.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$100.0M$1.0B$10.0BCapital raised (log)AP Adhesives Acquisitions, Inc. · Series D+ Raised $369.6M · modeled $3.1B (est)INNOVATE Corp. · Series D+ Raised $411.5M · modeled $2.9B (est)Curaleaf Holdings, Inc. · Series D+ Raised $691.1M · modeled $2.6B (est)Phantom Parent, LP · Series D+ Raised $585.5M · modeled $2.5B (est)Impulse Space, Inc. · Series D+ Raised $353.3M · modeled $2.5B (est)Brera Holdings PLC · Series D+ Raised $303.3M · modeled $2.4B (est)Skims Body, Inc. · Series D+ Raised $623.6M · modeled $2.0B (est)Econic Professionals US LLC · Series D+ Raised $217.8M · modeled $1.9B (est)Capital Rx, Inc. · Series D+ Raised $499.6M · modeled $1.9B (est)Casago Holdings, LLC · Series D+ Raised $220.1M · modeled $1.9B (est)DraftKings Inc. · Series D+ Raised $1.1B · modeled $1.8B (est)Koch, Inc. · Series D+ Raised $408.4M · modeled $1.7B (est)Global Water Resources, Inc. (this company) Raised $148.2M · modeled $103.7M (est)Global Water Resources, Inc.
CompanyStageRaised · realValue · estvs peer med.
AP Adhesives Acquisitions, Inc.Series D+$369.6M$3.1B3.30×
INNOVATE Corp.Series D+$411.5M$2.9B3.08×
Curaleaf Holdings, Inc.Series D+$691.1M$2.6B2.72×
Phantom Parent, LPSeries D+$585.5M$2.5B2.68×
Impulse Space, Inc.Series D+$353.3M$2.5B2.60×
Brera Holdings PLCSeries D+$303.3M$2.4B2.51×
Skims Body, Inc.Series D+$623.6M$2.0B2.15×
Econic Professionals US LLCSeries D+$217.8M$1.9B1.97×
Capital Rx, Inc.Series D+$499.6M$1.9B1.96×
Casago Holdings, LLCSeries D+$220.1M$1.9B1.95×
DraftKings Inc.Series D+$1.1B$1.8B1.89×
Koch, Inc.Series D+$408.4M$1.7B1.76×
Global Water Resources, Inc. this companySeries D+$148.2M$103.7M0.11×
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 D+$132.3M2010-12-30$1.1B$2.3B85%
Series D+$2.8M2023-06-08$23.1M$31.0M90%
Series D+$13.1M2025-09-30$109.1M$103.7M90%
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. Series D+$132.3M2010-12-30
    • First recorded raise — entered as Series D+.
    • 9 investors on this round.
  2. Series D+$2.8M2023-06-08
    • Raised again after 149 mo — slower than the ~11 mo sector norm.
    • Round 47.7× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 2 investors on this round.
  3. Series D+$13.1M2025-09-30
    • Raised again after 28 mo — slower than the ~11 mo sector norm.
    • Round 4.7× larger than the prior — scaling up.
    • 3 investors on this round.
Intelligence
2033 ~Q1
Modeled next raise · ~89mo cadence
$39.3M
Modeled next size est.range $25.5M$62.8M
4.7×
Last step-up
$10.0M/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
Andrew M. Cohn2023-06
Brett G. Huckelbridge2023-06
Christopher D. Krygier2023-06
Cindy M. Liles2010-12
Daniel F. Cracchiolo2010-12
David L. Rousseau2023-06
Debra G. Coy2023-06
Ed C. Borromeo2010-12
E. J. Bird2010-12
Graham S. Symmonds2010-12
Jason C. Bethke2010-12
Jason C. Thuneman2023-06
Joanne D. Ellsworth2023-06
John Carroll Lenderking2023-06
Jonathan C. Corwin2023-06
Jonathan L. Levine2023-06
L. Rita Theil2010-12
Michael J. Liebman2023-06
Richard M. Alexander2010-12
Robert J Kuta2025-09
Ron L. Fleming2023-06
Steven D. Brill2025-09
Suzanne Michelle Kitts2023-06
Trevor T. Hill2010-12
Registry & provenance

Global Water Resources, 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
1434728
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
Fluent, Inc.OtherSeries D+$264.9M$97.2Msame sector · same stage
GC Atlas Holdings, Inc.OtherSeries D+$298.4M$109.5Msame sector · same stage
ATI Physical Therapy Holdings, LLCOtherSeries D+$392.4M$96.1Msame sector · same stage
Njoy Holdings, Inc.OtherSeries D+$531.1M$102.3Msame sector · same stage
BlueVoyant Investor LLCOtherSeries C$117.1M$95.7Msame sector
Skinit, Inc.OtherSeries C$83.7M$97.7Msame sector
RareCyte, Inc.OtherSeries B$79.8M$103.7Msame sector
Nanoprecision Holding Co IncOtherSeries A$76.2M$105.9Msame sector
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
Global Water Resources, LLCOther TechnologySeed$29.4M90%
Global Critical Resources CorpOtherSeries A$15.2M89%
Pan Global Resources Inc.OtherSeed$882K88%
Global Infrastructure Solutions Inc.OtherSeries D+$188.6M87%
Geofund Global Inc.OtherPre-Seed$1.1M84%
Transocean Resources Management, Inc.OtherSeries A$151.3M84%
Perfect Water Worldwide, LLCOtherPre-Seed$17.3M84%
Global Worldwide, Inc.OtherSeries A$1.4M84%
Frequently asked
How much funding has Global Water Resources, Inc. raised?
Global Water Resources, Inc. has raised approximately $148.2M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Global Water Resources, Inc.'s estimated valuation?
Provath's modeled valuation for Global Water Resources, Inc. is approximately $103.7M (modeled range $74.2M–$124.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Global Water Resources, Inc. at?
Global Water Resources, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Tue Sep 30.
What does Global Water Resources, Inc. do and where is it based?
Global Water Resources, Inc. operates in the Other sector, based in PHOENIX.
Explore related

See where Global Water Resources, 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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