Companies · Other

Icelandic Provisions, Inc.

NEW YORK · Other

Diligence memoA one-page analyst read on Icelandic Provisions, Inc. — recommendation, valuation, rhythm, risks.
$79.2M
Total raised · real
9
Rounds
0.2×
Latest step-up
Top 6%
Sector rank · raised
Series B
Latest stage · inferred · Fri Sep 19 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Icelandic Provisions, 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 0.38× the median modeled value of Series B Other companies in 2025–2027 (207 peers) — value vs value, same stage and era.
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

Icelandic Provisions, Inc. is one of 25015 Other companies tracked from NEW YORK. By capital raised it ranks among the largest (ahead of 95% 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)
2025-09-19
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$50M$100M$150M$200MSeries A · 2015-12-04 Raised $11M (real) Modeled valuation $166M (est)Series A2015Series A · 2017-01-10 Raised $9.1M (real) Modeled valuation $138M (est)Series A2017Series A · 2018-05-03 Raised $5.0M (real) Modeled valuation $76M (est)Series A2018Series A · 2019-02-06 Raised $4.0M (real) Modeled valuation $61M (est)Series A2019Series A · 2021-02-12 Raised $3.5M (real) Modeled valuation $44M (est)Series A2021Series A · 2021-11-10 Raised $11M (real) Modeled valuation $107M (est)Series A2021Series A · 2022-04-05 Raised $11M (real) Modeled valuation $98M (est)Series A2022Series A · 2022-04-05 Raised $8.5M (real) Modeled valuation $76M (est)Series A2022Series A · 2022-04-05 Raised $5.0M (real) Modeled valuation $45M (est)Series A2022Series B · 2023-04-21 Raised $18M (real) Modeled valuation $148M (est)Series B2023Series B · 2025-09-19 Raised $7.1M (real) Modeled valuation $32M (est)Series B2025Seed · 2025-09-19 Raised $1.7M (real) Modeled valuation $4.5M (est)Seed2025Cumulative $94M

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$11.0M · 2015
Series A extension$9.1M · 2017
Series A extension$5.0M · 2018
Series A extension$4.0M · 2019
Series A extension$3.5M · 2021
Series A extension$10.6M · 2021
Series A extension$11.0M · 2022
Series A extension$8.5M · 2022
Series A extension$5.0M · 2022
Series B$17.8M · 2023
Series B extension$7.1M · 2025
Bridge · Series B-stage$1.7M · 2025smaller follow-on

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 75%.

Modeled valuation trajectory
$32.4M
Base estimate est.
$17.7M
Conservative case
$46.0M
Upside case
$39.3M
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.

Series A · modeled $166.5M · 2015-12-042015Series A · modeled $138.3M · 2017-01-10Series A · modeled $75.7M · 2018-05-03Series A · modeled $60.5M · 2019-02-06Series A · modeled $44.0M · 2021-02-12Series A · modeled $107.0M · 2021-11-10Series A · modeled $98.1M · 2022-04-05Series A · modeled $75.9M · 2022-04-05Series A · modeled $44.6M · 2022-04-05Series B · modeled $148.3M · 2023-04-21Series B · modeled $32.4M · 2025-09-19Seed · modeled $4.5M · 2025-09-192025
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
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
11 mo
Avg between rounds
$8.1M/yr
Capital velocity
10.6 yr
On record since
2015
First round
12
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) 39× above median
This company$79.2M
Sector median$2.0M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.1× of median
This company$1.7M
Sector median$19.6M
Modeled value — vs sector median (estimate, all stages) 1.8× above median
This company$32.4M
Sector median$17.7M

Raised more than 95% of sector peers (real $). Modeled value above 64% 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 #164 of 207.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Acorn Sim Investor Holdings, LLC · Series B Raised $38.6M · modeled $204.0M (est)Aircapture, Inc. · Series B Raised $40.0M · modeled $197.5M (est)Bathhouse Holdings Inc. · Series B Raised $34.4M · modeled $178.0M (est)Chlorum Solutions USA LLC · Series B Raised $35.4M · modeled $176.0M (est)Olympus Pines LLC · Series B Raised $35.0M · modeled $175.5M (est)Fraser Topco LLC · Series B Raised $32.8M · modeled $175.4M (est)Ketryx Corp · Series B Raised $54.2M · modeled $172.7M (est)r.Potential Inc. · Series B Raised $33.0M · modeled $170.5M (est)Helper Bees, Inc. · Series B Raised $58.7M · modeled $169.5M (est)Kingsland Pointe Holdings, LLC · Series B Raised $33.1M · modeled $168.7M (est)Modern Life Group Inc. · Series B Raised $34.7M · modeled $168.0M (est)BR MMJ Acquisition Co LLC · Series B Raised $37.5M · modeled $167.9M (est)Icelandic Provisions, Inc. (this company) Raised $79.2M · modeled $32.4M (est)Icelandic Provisions, Inc.
CompanyStageRaised · realValue · estvs peer med.
Acorn Sim Investor Holdings, LLCSeries B$38.6M$204.0M2.40×
Aircapture, Inc.Series B$40.0M$197.5M2.33×
Bathhouse Holdings Inc.Series B$34.4M$178.0M2.10×
Chlorum Solutions USA LLCSeries B$35.4M$176.0M2.07×
Olympus Pines LLCSeries B$35.0M$175.5M2.07×
Fraser Topco LLCSeries B$32.8M$175.4M2.06×
Ketryx CorpSeries B$54.2M$172.7M2.03×
r.Potential Inc.Series B$33.0M$170.5M2.01×
Helper Bees, Inc.Series B$58.7M$169.5M2.00×
Kingsland Pointe Holdings, LLCSeries B$33.1M$168.7M1.99×
Modern Life Group Inc.Series B$34.7M$168.0M1.98×
BR MMJ Acquisition Co LLCSeries B$37.5M$167.9M1.98×
Icelandic Provisions, Inc. this companySeries B$79.2M$32.4M0.38×
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$11.0M2015-12-04$50.0M$166.5M85%
Series A$9.1M2017-01-10$41.5M$138.3M90%
Series A$5.0M2018-05-03$22.7M$75.7M90%
Series A$4.0M2019-02-06$18.2M$60.5M90%
Series A$3.5M2021-02-12$15.9M$44.0M90%
Series A$10.6M2021-11-10$48.3M$107.0M90%
Series A$11.0M2022-04-05$49.9M$98.1M90%
Series A$8.5M2022-04-05$38.6M$75.9M90%
Series A$5.0M2022-04-05$22.7M$44.6M90%
Series B$17.8M2023-04-21$99.0M$148.3M90%
Series B$7.1M2025-09-19$39.3M$32.4M90%
Seed$1.7M2025-09-19$8.5M$4.5M90%
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$11.0M2015-12-04
    • First recorded raise — entered as Series A.
    • 18 investors on this round.
  2. Series A$9.1M2017-01-10
    • Raised 13 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 16 investors on this round.
  3. Series A$5.0M2018-05-03
    • Raised 16 mo later, in step with the ~11 mo sector norm.
    • Round 1.8× smaller than the prior — bridge or down round.
    • 17 investors on this round.
  4. Series A$4.0M2019-02-06
    • Raised 9 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 22 investors on this round.
  5. Series A$3.5M2021-02-12
    • Raised again after 24 mo — slower than the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 18 investors on this round.
  6. Series A$10.6M2021-11-10
    • Raised 9 mo later, in step with the ~11 mo sector norm.
    • Round 3.0× larger than the prior — scaling up.
    • 19 investors on this round.
  7. Series A$11.0M2022-04-05
    • Came back fast: 5 mo vs the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 17 investors on this round.
  8. Series A$8.5M2022-04-05
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 17 investors on this round.
  9. Series A$5.0M2022-04-05
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 13 investors on this round.
  10. Series B$17.8M2023-04-21
    • Raised 13 mo later, in step with the ~11 mo sector norm.
    • Round 3.6× larger than the prior — scaling up.
    • 26 investors on this round.
  11. Series B$7.1M2025-09-19
    • Raised again after 29 mo — slower than the ~11 mo sector norm.
    • Round 2.5× smaller than the prior — bridge or down round.
    • 19 investors on this round.
  12. Seed$1.7M2025-09-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 4.2× smaller than the prior — bridge or down round.
    • 2 investors on this round.
Intelligence
2026 ~Q3
Modeled next raise · ~11mo cadence
$1.7M
Modeled next size est.range $1.7M$2.7M
0.2×
Last step-up
$8.1M/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
Terrance McGuire8 other2015-12
Jonathan Flint5 other2015-12
Gregg Rubin1 other2015-12
John Heath1 other2017-01
Mark Alexander1 other2019-02
Stephen Platt1 other2017-01
Anthony Sciortino2022-04
Ari Edwald2018-05
Brant Wutzl2022-04
David Albertsson2017-01
Einar Sigurdsson2017-01
Elliot Shifrin2017-01
Grace Ray2015-12
Hallbjorn Karlsson2017-01
Kyle Wagner2018-05
Nicolaas Bevers2015-12
Rod Fontenot2017-01
Sigurjon Rafnsson2021-11
Trausti Jonsson2023-04
Registry & provenance

Icelandic Provisions, 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
1661454
SEC CIK
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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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Frequently asked
How much funding has Icelandic Provisions, Inc. raised?
Icelandic Provisions, Inc. has raised approximately $79.2M in disclosed capital across 9 recorded financing rounds, aggregated from public filings.
What is Icelandic Provisions, Inc.'s estimated valuation?
Provath's modeled valuation for Icelandic Provisions, Inc. is approximately $32.4M (modeled range $17.7M–$46.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Icelandic Provisions, Inc. at?
Icelandic Provisions, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Fri Sep 19.
What does Icelandic Provisions, Inc. do and where is it based?
Icelandic Provisions, Inc. operates in the Other sector, based in NEW YORK.
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