Companies · Other

Groundworks Operations, Inc.

PORTLAND · Other

Diligence memoA one-page analyst read on Groundworks Operations, Inc. — recommendation, valuation, rhythm, risks.
$29.1M
Total raised · real
4
Rounds
1.2×
Latest step-up
Top 12%
Sector rank · raised
Series B
Latest stage · inferred · Wed May 12 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Groundworks Operations, 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 0.30× the median modeled value of Series B Other companies in 2019–2021 (371 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.1 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

Groundworks Operations, Inc. is one of 25015 Other companies tracked from PORTLAND. By capital raised it ranks in the upper tier (ahead of 89% 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
2
Investors (latest)
2021-05-12
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$125M$250M$375M$500MPre-Seed · 2018-12-06 Raised $878K (real) Modeled valuation $20M (est)$878K$20MPre-Seed2018Series B · 2019-05-17 Raised $16M (real) Modeled valuation $266M (est)$16M$266MSeries B2019Series B · 2020-04-16 Raised $5.7M (real) Modeled valuation $94M (est)$5.7M$94MSeries B2020Series B · 2021-05-12 Raised $6.6M (real) Modeled valuation $88M (est)$6.6M$88MSeries B2021+$16M+$5.7M+$6.6MCumulative $29M

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$878K · 2018
Series B$16.0M · 2019no Seed / Series A on file
Series B extension$5.7M · 2020
Series B extension$6.6M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$88.3M
Base estimate est.
$16.4M
Conservative case
$288.1M
Upside case
$36.5M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Pre-Seed · modeled $20.3M · 2018-12-062018Series B · modeled $265.8M · 2019-05-17Series B · modeled $94.1M · 2020-04-16Series B · modeled $88.3M · 2021-05-122021
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
45% low · 83% high
1.28×/yr
Annual markup
1.55×/yr upside case
5.1 yr
Elapsed time used
5.1 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$12.0M/yr
Capital velocity
7.6 yr
On record since
2018
First round
4
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) 14× above median
This company$29.1M
Sector median$2.0M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.3× of median
This company$6.6M
Sector median$19.6M
Modeled value — vs sector median (estimate, all stages) 5.0× above median
This company$88.3M
Sector median$17.7M

Raised more than 89% of sector peers (real $). Modeled value above 81% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #328 of 371.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)MStar Holding Corp · Series B Raised $67.6M · modeled $645.8M (est)Chlorum Solutions Llc · Series B Raised $39.7M · modeled $627.2M (est)IFS Management Holdco, LLC · Series B Raised $37.5M · modeled $623.8M (est)Benefit Recovery Group, LLC · Series B Raised $40.0M · modeled $618.4M (est)Shenandoah Growers, Inc. · Series B Raised $74.2M · modeled $613.4M (est)Zmco Llc · Series B Raised $40.0M · modeled $610.5M (est)PathStream, Inc. · Series B Raised $38.8M · modeled $602.3M (est)MXY Holdings, LLC · Series B Raised $49.9M · modeled $597.0M (est)Ryzac, Inc. · Series B Raised $42.5M · modeled $594.3M (est)Plouton Datacenter I, Inc. · Series B Raised $35.3M · modeled $586.5M (est)Es Ei Llc · Series B Raised $35.3M · modeled $585.7M (est)Factor Law, Inc. · Series B Raised $36.3M · modeled $570.3M (est)Groundworks Operations, Inc. (this company) Raised $29.1M · modeled $88.3M (est)Groundworks Operations, Inc.
CompanyStageRaised · realValue · estvs peer med.
MStar Holding CorpSeries B$67.6M$645.8M2.16×
Chlorum Solutions LlcSeries B$39.7M$627.2M2.10×
IFS Management Holdco, LLCSeries B$37.5M$623.8M2.09×
Benefit Recovery Group, LLCSeries B$40.0M$618.4M2.07×
Shenandoah Growers, Inc.Series B$74.2M$613.4M2.05×
Zmco LlcSeries B$40.0M$610.5M2.04×
PathStream, Inc.Series B$38.8M$602.3M2.01×
MXY Holdings, LLCSeries B$49.9M$597.0M2.00×
Ryzac, Inc.Series B$42.5M$594.3M1.99×
Plouton Datacenter I, Inc.Series B$35.3M$586.5M1.96×
Es Ei LlcSeries B$35.3M$585.7M1.96×
Factor Law, Inc.Series B$36.3M$570.3M1.91×
Groundworks Operations, Inc. this companySeries B$29.1M$88.3M0.30×
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$878K2018-12-06$4.9M$20.3M90%
Series B$16.0M2019-05-17$88.9M$265.8M90%
Series B$5.7M2020-04-16$31.5M$94.1M90%
Series B$6.6M2021-05-12$36.5M$88.3M90%
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$878K2018-12-06
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
  2. Series B$16.0M2019-05-17
    • Came back fast: 5 mo vs the ~11 mo sector norm.
    • Round 18.2× larger than the prior — scaling up.
    • 5 investors on this round.
  3. Series B$5.7M2020-04-16
    • Raised 11 mo later, in step with the ~11 mo sector norm.
    • Round 2.8× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  4. Series B$6.6M2021-05-12
    • Raised 13 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 2 investors on this round.
Intelligence
2022 ~Q1
Modeled next raise · ~10mo cadence
$7.6M
Modeled next size est.range $6.6M$12.2M
1.2×
Last step-up
$12.0M/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
Ryan Brown9 other2021-05
Nico Richardson1 other2021-05
Spencer Noecker1 other2018-12
Registry & provenance

Groundworks Operations, 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
1762012
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
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Seatwave IncOtherSeries B$26.7M$84.6Msame sector · same stage
Affiniti Finance, Inc.OtherSeries B$26.6M$84.9Msame 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
Airworks Solutions, Inc.OtherSeed$26.7M87%
Treeworks, Inc.OtherPre-Seed$6.5M83%
Groundfloor Finance Inc.OtherSeries A$31.0M83%
WorkRails, Inc.OtherSeed$19.7M83%
Groundbreakers, LLCOtherPre-Seed$3.0M83%
Greenwork Inc.OtherSeed$29.1M82%
Work Truck Solutions, Inc.OtherSeries A$67.2M82%
Blockworks Inc.OtherSeries A$79.7M82%
Frequently asked
How much funding has Groundworks Operations, Inc. raised?
Groundworks Operations, Inc. has raised approximately $29.1M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Groundworks Operations, Inc.'s estimated valuation?
Provath's modeled valuation for Groundworks Operations, Inc. is approximately $88.3M (modeled range $16.4M–$288.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Groundworks Operations, Inc. at?
Groundworks Operations, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Wed May 12.
What does Groundworks Operations, Inc. do and where is it based?
Groundworks Operations, Inc. operates in the Other sector, based in PORTLAND.
Explore related

See where Groundworks Operations, 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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