Companies · Other

Kinstate, Inc.

LARKSPUR · Other

Diligence memoA one-page analyst read on Kinstate, Inc. — recommendation, valuation, rhythm, risks.
$4.9M
Total raised · real
5
Rounds
2.0×
Latest step-up
Top 36%
Sector rank · raised
Seed
Latest stage · inferred · Wed Jul 07 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Kinstate, 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 0.46× the median modeled value of Seed Other companies in 2019–2021 (1101 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.0 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

Kinstate, Inc. is one of 25015 Other companies tracked from LARKSPUR. By capital raised it ranks mid-pack (ahead of 65% 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
34
Investors (latest)
2021-07-07
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 · 2016-11-30 Raised $600K (real) Modeled valuation $14M (est)Pre-Seed2016Seed · 2018-02-28 Raised $1.1M (real) Modeled valuation $21M (est)Seed2018Pre-Seed · 2018-03-19 Raised $805K (real) Modeled valuation $19M (est)Pre-Seed2018Pre-Seed · 2018-03-19 Raised $285K (real) Modeled valuation $6.6M (est)Pre-Seed2018Seed · 2018-03-19 Raised $1.4M (real) Modeled valuation $26M (est)Seed2018Seed · 2020-08-21 Raised $775K (real) Modeled valuation $14M (est)Seed2020Seed · 2021-06-23 Raised $500K (real) Modeled valuation $6.5M (est)Seed2021Seed · 2021-07-07 Raised $1.0M (real) Modeled valuation $13M (est)Seed2021+$1.1M+$805K+$285K+$1.4M+$775K+$500K+$1.0MCumulative $6.5M

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$600K · 2016
Seed$1.1M · 2018
Bridge · Seed-stage$805K · 2018smaller follow-on
Bridge · Seed-stage$285K · 2018smaller follow-on
Seed extension$1.4M · 2018
Seed extension$775K · 2020
Seed extension$500K · 2021
Seed extension$1.0M · 2021

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

Modeled valuation trajectory
$12.8M
Base estimate est.
$900K
Conservative case
$76.1M
Upside case
$5.0M
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. Directional, not a quoted figure.

Pre-Seed · modeled $13.9M · 2016-11-302016Seed · modeled $20.9M · 2018-02-28Pre-Seed · modeled $18.6M · 2018-03-19Pre-Seed · modeled $6.6M · 2018-03-19Seed · modeled $25.6M · 2018-03-19Seed · modeled $13.7M · 2020-08-21Seed · modeled $6.5M · 2021-06-23Seed · modeled $12.8M · 2021-07-072021
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
40%
Survival probability
18% low · 62% high
1.45×/yr
Annual markup
1.90×/yr upside case
5.0 yr
Elapsed time used
5.0 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
8 mo
Avg between rounds
$1.1M/yr
Capital velocity
9.6 yr
On record since
2016
First round
8
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) 2.4× above median
This company$4.9M
Sector median$2.0M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.6× of median
This company$1.0M
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 0.7× of median
This company$12.8M
Sector median$17.7M

Raised more than 65% of sector peers (real $). Modeled value above 44% 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 #989 of 1,101.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0MCapital raised (log)Esperos, Inc. · Seed Raised $4.0M · modeled $74.4M (est)AL International Holdings Inc. · Seed Raised $4.0M · modeled $74.4M (est)Clean Beam, LLC · Seed Raised $4.0M · modeled $74.4M (est)SEAM Group Holdings, LLC · Seed Raised $4.0M · modeled $74.4M (est)HemTex Holdings, LLC · Seed Raised $4.0M · modeled $74.4M (est)BlueStripe Inc. · Seed Raised $4.0M · modeled $74.4M (est)Yardstik, Inc. · Seed Raised $4.0M · modeled $74.4M (est)Labyrinthe Holdings Corp · Seed Raised $4.0M · modeled $74.4M (est)INSIDE THESE CASTLE WALLS DEVELOPMENT Ltd LIABILITY Co · Seed Raised $4.0M · modeled $74.4M (est)Exotic Breeding Partnership LLC 5 · Seed Raised $4.0M · modeled $74.4M (est)Phg Oz I, Llc · Seed Raised $4.0M · modeled $73.7M (est)Betasv L.P. · Seed Raised $4.0M · modeled $73.3M (est)Kinstate, Inc. (this company) Raised $4.9M · modeled $12.8M (est)Kinstate, Inc.
CompanyStageRaised · realValue · estvs peer med.
Esperos, Inc.Seed$4.0M$74.4M2.67×
AL International Holdings Inc.Seed$4.0M$74.4M2.67×
Clean Beam, LLCSeed$4.0M$74.4M2.67×
SEAM Group Holdings, LLCSeed$4.0M$74.4M2.67×
HemTex Holdings, LLCSeed$4.0M$74.4M2.67×
BlueStripe Inc.Seed$4.0M$74.4M2.67×
Yardstik, Inc.Seed$4.0M$74.4M2.67×
Labyrinthe Holdings CorpSeed$4.0M$74.4M2.67×
INSIDE THESE CASTLE WALLS DEVELOPMENT Ltd LIABILITY CoSeed$4.0M$74.4M2.67×
Exotic Breeding Partnership LLC 5Seed$4.0M$74.4M2.67×
Phg Oz I, LlcSeed$4.0M$73.7M2.64×
Betasv L.P.Seed$4.0M$73.3M2.63×
Kinstate, Inc. this companySeed$4.9M$12.8M0.46×
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$600K2016-11-30$3.3M$13.9M90%
Seed$1.1M2018-02-28$5.6M$20.9M90%
Pre-Seed$805K2018-03-19$4.5M$18.6M90%
Pre-Seed$285K2018-03-19$1.6M$6.6M90%
Seed$1.4M2018-03-19$6.9M$25.6M90%
Seed$775K2020-08-21$3.9M$13.7M90%
Seed$500K2021-06-23$2.5M$6.5M90%
Seed$1.0M2021-07-07$5.0M$12.8M90%
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$600K2016-11-30
    • First recorded raise — entered as Pre-Seed.
    • 15 investors on this round.
  2. Seed$1.1M2018-02-28
    • Raised 15 mo later, in step with the ~11 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 29 investors on this round.
  3. Pre-Seed$805K2018-03-19
    • Came back fast: 1 mo vs the ~11 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  4. Pre-Seed$285K2018-03-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.8× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  5. Seed$1.4M2018-03-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 4.8× larger than the prior — scaling up.
    • 26 investors on this round.
  6. Seed$775K2020-08-21
    • Raised again after 29 mo — slower than the ~11 mo sector norm.
    • Round 1.8× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  7. Seed$500K2021-06-23
    • Raised 10 mo later, in step with the ~11 mo sector norm.
    • Round 1.6× smaller than the prior — bridge or down round.
  8. Seed$1.0M2021-07-07
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.0× larger than the prior — scaling up.
    • 34 investors on this round.
Intelligence
2022 ~Q1
Modeled next raise · ~8mo cadence
$2.0M
Modeled next size est.range $1.3M$3.2M
2.0×
Last step-up
$1.1M/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
Andrew Brevard Mack2020-08
Andrew Gerald Lobo2020-08
Harry Joseph DeMott2021-07
James William Anstey2018-02
John Allen Lee2018-03
Joshua Allen Kirby2016-11
Ronald Farley Richards2016-11
Steven Michael Marshank2016-11
Registry & provenance

Kinstate, 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
1691556
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.

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Cliq Products Inc.OtherSeed$4.3M$12.5Msame sector · same stage
Adamah, Inc.OtherSeed$4.3M$12.7Msame 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
Superstate Inc.OtherSeries C$443.0M86%
Kintent, Inc.OtherSeries B$78.1M85%
Kinecho, Inc.OtherPre-Seed$10.4M85%
Ionate, Inc.OtherPre-Seed$5.8M82%
FullStack IncOtherPre-Seed$8.0M81%
Tiltsta, Inc.OtherSeed$31.4M81%
Solaborate Inc.OtherSeries C$331.7M80%
Kinsa Inc.OtherSeries A$120.1M80%
Frequently asked
How much funding has Kinstate, Inc. raised?
Kinstate, Inc. has raised approximately $4.9M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Kinstate, Inc.'s estimated valuation?
Provath's modeled valuation for Kinstate, Inc. is approximately $12.8M (modeled range $900K–$76.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Kinstate, Inc. at?
Kinstate, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Wed Jul 07.
What does Kinstate, Inc. do and where is it based?
Kinstate, Inc. operates in the Other sector, based in LARKSPUR.
Explore related

See where Kinstate, 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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