Companies · Manufacturing

Growstone, Inc.

SANTA FE · Manufacturing

Diligence memoA one-page analyst read on Growstone, Inc. — recommendation, valuation, rhythm, risks.
$12.0M
Total raised · real
8
Rounds
0.9×
Latest step-up
Top 20%
Sector rank · raised
Seed
Latest stage · inferred · Tue Jan 03 2017 00:00:00 GMT+0000 (Coordinated Universal Time)

Growstone, Inc. looks fair 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. Valuation uses the manufacturing sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 0.80× the median modeled value of Seed Manufacturing companies in 2016–2018 (141 peers) — value vs value, same stage and era.
  • Within the normal band (80% of peer median) for its niche.
Dormant
  • Last raise 9.5 yr ago; this sector typically re-raises about every 12 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 Manufacturing

Growstone, Inc. is one of 3257 Manufacturing companies tracked from SANTA FE. By capital raised it ranks in the upper tier (ahead of 81% 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
Rule 506(b)
Reg D exemption
2
Investors (latest)
2012
Year incorporated
2017-01-03
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$13M$25M$38M$50MPre-Seed · 2012-02-03 Raised $1000K (real) Modeled valuation $15M (est)Pre-Seed2012Pre-Seed · 2012-07-13 Raised $585K (real) Modeled valuation $8.9M (est)Pre-Seed2012Pre-Seed · 2012-10-29 Raised $980K (real) Modeled valuation $15M (est)Pre-Seed2012Seed · 2013-09-30 Raised $2.5M (real) Modeled valuation $31M (est)Seed2013Seed · 2014-02-05 Raised $1.2M (real) Modeled valuation $15M (est)Seed2014Seed · 2014-08-07 Raised $1.3M (real) Modeled valuation $16M (est)Seed2014Pre-Seed · 2014-08-07 Raised $600K (real) Modeled valuation $9.2M (est)Pre-Seed2014Seed · 2015-04-15 Raised $2.5M (real) Modeled valuation $31M (est)Seed2015Seed · 2016-01-22 Raised $1.4M (real) Modeled valuation $17M (est)Seed2016Seed · 2017-01-03 Raised $1.2M (real) Modeled valuation $15M (est)Seed2017+$585K+$980K+$2.5M+$1.2M+$1.3M+$600K+$2.5M+$1.4M+$1.2MCumulative $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$1000K · 2012
Pre-Seed extension$585K · 2012
Pre-Seed extension$980K · 2012
Seed$2.5M · 2013
Seed extension$1.2M · 2014
Seed extension$1.3M · 2014
Bridge · Seed-stage$600K · 2014smaller follow-on
Seed extension$2.5M · 2015
Seed extension$1.4M · 2016
Seed extension$1.2M · 2017

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

Modeled valuation trajectory
$14.7M
Base estimate est.
$1.1M
Conservative case
$115.5M
Upside case
$6.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the manufacturing sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $15.3M · 2012-02-032012Pre-Seed · modeled $8.9M · 2012-07-13Pre-Seed · modeled $14.9M · 2012-10-29Seed · modeled $30.7M · 2013-09-30Seed · modeled $14.7M · 2014-02-05Seed · modeled $15.9M · 2014-08-07Pre-Seed · modeled $9.2M · 2014-08-07Seed · modeled $30.7M · 2015-04-15Seed · modeled $16.6M · 2016-01-22Seed · modeled $14.7M · 2017-01-032017
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
41%
Survival probability
18% low · 63% high
1.35×/yr
Annual markup
1.77×/yr upside case
6.0 yr
Elapsed time used
9.5 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
7 mo
Avg between rounds
$2.4M/yr
Capital velocity
14.4 yr
On record since
2012
First round
10
Rounds on file
How it compares to the market

Benchmarked against 3257 companies in Manufacturing. 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) 5.9× above median
This company$12.0M
Sector median$2.0M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.8× of median
This company$1.2M
Sector median$1.6M
Modeled value — vs sector median (estimate, all stages) 1.2× above median
This company$14.7M
Sector median$12.0M

Raised more than 81% of sector peers (real $). Modeled value above 56% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (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 #99 of 141.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Bouldin Corp · Seed Raised $7.9M · modeled $49.1M (est)Waterloo Sparkling Water Corp. · Seed Raised $7.2M · modeled $49.1M (est)Edelta, Inc. · Seed Raised $4.0M · modeled $49.1M (est)ProSteel Investment Holdings, LLC · Seed Raised $4.0M · modeled $49.1M (est)ButterCup Bioplastic · Seed Raised $4.0M · modeled $49.1M (est)OHI Orthotics, LLC · Seed Raised $4.0M · modeled $49.1M (est)Arsenal Ultimate Holdco, LLC · Seed Raised $3.9M · modeled $47.2M (est)Piadina Inc · Seed Raised $7.5M · modeled $45.5M (est)VitaHEAT Medical Holdings, LLC · Seed Raised $5.5M · modeled $45.3M (est)Fischer Block, Inc. · Seed Raised $3.8M · modeled $42.7M (est)Material Handling Holdings LLC · Seed Raised $3.5M · modeled $42.3M (est)OMB Holdings LLC · Seed Raised $3.3M · modeled $40.5M (est)Growstone, Inc. (this company) Raised $12.0M · modeled $14.7M (est)Growstone, Inc.
CompanyStageRaised · realValue · estvs peer med.
Bouldin CorpSeed$7.9M$49.1M2.67×
Waterloo Sparkling Water Corp.Seed$7.2M$49.1M2.67×
Edelta, Inc.Seed$4.0M$49.1M2.67×
ProSteel Investment Holdings, LLCSeed$4.0M$49.1M2.67×
ButterCup BioplasticSeed$4.0M$49.1M2.67×
OHI Orthotics, LLCSeed$4.0M$49.1M2.67×
Arsenal Ultimate Holdco, LLCSeed$3.9M$47.2M2.57×
Piadina IncSeed$7.5M$45.5M2.48×
VitaHEAT Medical Holdings, LLCSeed$5.5M$45.3M2.47×
Fischer Block, Inc.Seed$3.8M$42.7M2.32×
Material Handling Holdings LLCSeed$3.5M$42.3M2.31×
OMB Holdings LLCSeed$3.3M$40.5M2.21×
Growstone, Inc. this companySeed$12.0M$14.7M0.80×
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$1000K2012-02-03$5.6M$15.3M85%
Pre-Seed$585K2012-07-13$3.3M$8.9M85%
Pre-Seed$980K2012-10-29$5.4M$14.9M85%
Seed$2.5M2013-09-30$12.5M$30.7M85%
Seed$1.2M2014-02-05$6.0M$14.7M85%
Seed$1.3M2014-08-07$6.5M$15.9M85%
Pre-Seed$600K2014-08-07$3.3M$9.2M85%
Seed$2.5M2015-04-15$12.5M$30.7M85%
Seed$1.4M2016-01-22$6.8M$16.6M85%
Seed$1.2M2017-01-03$6.0M$14.7M90%
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$1000K2012-02-03
    • First recorded raise — entered as Pre-Seed.
    • 7 investors on this round.
  2. Pre-Seed$585K2012-07-13
    • Came back fast: 5 mo vs the ~12 mo sector norm.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 10 investors on this round.
  3. Pre-Seed$980K2012-10-29
    • Came back fast: 4 mo vs the ~12 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
    • 14 investors on this round.
  4. Seed$2.5M2013-09-30
    • Raised 11 mo later, in step with the ~12 mo sector norm.
    • Round 2.6× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 505).
    • 9 investors on this round.
  5. Seed$1.2M2014-02-05
    • Came back fast: 4 mo vs the ~12 mo sector norm.
    • Round 2.1× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  6. Seed$1.3M2014-08-07
    • Came back fast: 6 mo vs the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 8 investors on this round.
  7. Pre-Seed$600K2014-08-07
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.2× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  8. Seed$2.5M2015-04-15
    • Raised 8 mo later, in step with the ~12 mo sector norm.
    • Round 4.2× larger than the prior — scaling up.
    • 1 investor on this round.
  9. Seed$1.4M2016-01-22
    • Raised 9 mo later, in step with the ~12 mo sector norm.
    • Round 1.9× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  10. Seed$1.2M2017-01-03
    • Raised 11 mo later, in step with the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 2 investors on this round.
Intelligence
2017 ~Q3
Modeled next raise · ~7mo cadence
$1.2M
Modeled next size est.range $1.2M$1.9M
0.9×
Last step-up
$2.4M/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
Brian Birk7 other2012-02
Ivan Faggen2 other2013-09
Matt Culler2 other2012-02
Geoffrey Flagg1 other2012-02
Mark Hollis1 other2013-09
WILLIAM C. KESSINGER1 other2012-02
William Kessinger1 other2013-09
Andrew C. Ungerleider2012-02
Dal C. LaMagna2012-02
Drummond Pike2014-02
Ivan C. Faggen2012-02
Jason Dvorchak2014-02
Michael Langone2012-02
Pike Drummond2013-09
Tertia Dvorchak2016-01
Tina Gibson2014-08
Registry & provenance

Growstone, 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
1542430
SEC CIK
2012
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
Growstone, LLCManufacturingSeed$2.6M$26.1Mnetwork3 shared operators · same sector · same stage
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Anthros Office LLCManufacturingSeed$9.0M$12.0Msame sector · same stage
CoreCentric Solutions, Inc.ManufacturingSeed$8.8M$11.7Msame sector · same stage
Entrada, Inc.Other Health CareSeed$10.5M$18.6Mnetwork1 shared operator · same stage
It's Skinny, Inc.ManufacturingSeed$7.6M$14.3Msame sector · same stage
Two Moms in the Raw, Inc.ManufacturingSeed$7.5M$13.5Msame 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
Grow-Ray Technologies, Inc.ManufacturingSeed$18.4M85%
Keytone Dairy Corp LtdManufacturingSeries A$111.1M83%
Capstone Companies, Inc.ManufacturingSeed$1.6M83%
Bluestone Medical, Inc.ManufacturingSeries A$47.4M80%
Riverstone Gamma Holdings, LPManufacturingGrowth/Late$155.8M80%
Sun Grown Packaging, LLCManufacturingPre-Seed$9.2M79%
Bloom Labs Bio Inc.ManufacturingSeed$34.4M79%
Green Boom Holdings Inc.ManufacturingSeries A$32.2M79%
Frequently asked
How much funding has Growstone, Inc. raised?
Growstone, Inc. has raised approximately $12.0M in disclosed capital across 8 recorded financing rounds, aggregated from public filings.
What is Growstone, Inc.'s estimated valuation?
Provath's modeled valuation for Growstone, Inc. is approximately $14.7M (modeled range $1.1M–$115.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Growstone, Inc. at?
Growstone, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Tue Jan 03.
What does Growstone, Inc. do and where is it based?
Growstone, Inc. operates in the Manufacturing sector, based in SANTA FE.
Explore related

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