Companies · Other

Mercury Fan, Inc.

NEW YORK · Other

Diligence memoA one-page analyst read on Mercury Fan, Inc. — recommendation, valuation, rhythm, risks.
$28.0M
Total raised · real
7
Rounds
12.0×
Latest step-up
Top 12%
Sector rank · raised
Series A
Latest stage · inferred · Wed Jul 09 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Mercury Fan, 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 0.52× the median modeled value of Series A Other companies in 2025–2027 (485 peers) — value vs value, same stage and era.
Active
  • Last raise 12 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

Mercury Fan, Inc. is one of 25008 Other companies tracked from NEW YORK. By capital raised it ranks in the upper tier (ahead of 89% of sector peers), and in the long tail 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
14
Investors (latest)
2021
Year incorporated
2025-07-09
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$25M$50M$75M$100MSeed · 2021-03-25 Raised $1.9M (real) Modeled valuation $26M (est)Seed2021Seed · 2021-11-23 Raised $2.0M (real) Modeled valuation $22M (est)Seed2021Seed · 2021-11-23 Raised $2.2M (real) Modeled valuation $24M (est)Seed2021Seed · 2021-11-23 Raised $2.0M (real) Modeled valuation $22M (est)Seed2021Series A · 2022-08-09 Raised $12M (real) Modeled valuation $93M (est)Series A2022Series A · 2023-07-14 Raised $500K (real) Modeled valuation $3.0M (est)Series A2023Series A · 2023-11-16 Raised $8.6M (real) Modeled valuation $47M (est)Series A2023Series A · 2025-04-16 Raised $250K (real) Modeled valuation $898K (est)Series A2025Series A · 2025-07-09 Raised $3.0M (real) Modeled valuation $10M (est)Series A2025+$2.0M+$2.2M+$2.0M+$12M+$500K+$8.6M+$250K+$3.0MCumulative $32M

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
Seed$1.9M · 2021
Seed extension$2.0M · 2021
Seed extension$2.2M · 2021
Seed extension$2.0M · 2021
Series A$11.6M · 2022
Series A extension$500K · 2023
Series A extension$8.6M · 2023
Series A extension$250K · 2025
Series A extension$3.0M · 2025

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: 67%.

Modeled valuation trajectory
$10.1M
Base estimate est.
$4.1M
Conservative case
$17.2M
Upside case
$13.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Seed · modeled $26.2M · 2021-03-252021Seed · modeled $22.1M · 2021-11-23Seed · modeled $24.1M · 2021-11-23Seed · modeled $22.4M · 2021-11-23Series A · modeled $93.5M · 2022-08-09Series A · modeled $3.0M · 2023-07-14Series A · modeled $47.3M · 2023-11-16Series A · modeled $898K · 2025-04-16Series A · modeled $10.1M · 2025-07-092025
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
55%
Survival probability
30% low · 75% high
1.35×/yr
Annual markup
1.70×/yr upside case
1.0 yr
Elapsed time used
1.0 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
6 mo
Avg between rounds
$6.5M/yr
Capital velocity
5.3 yr
On record since
2021
First round
9
Rounds on file
How it compares to the market

Benchmarked against 25008 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$28.0M
Sector median$2.0M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.5× of median
This company$3.0M
Sector median$5.7M
Modeled value — vs sector median (estimate, all stages) 0.6× of median
This company$10.1M
Sector median$17.7M

Raised more than 89% of sector peers (real $). Modeled value above 38% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #404 of 485.

This companyCohort peer
$1.0M$10.0M$100.0M$10.0M$100.0MCapital raised (log)Sea Court GP, LLC · Series A Raised $15.0M · modeled $57.7M (est)Kastle Biopartners II LP · Series A Raised $14.4M · modeled $53.1M (est)Econic Investment LLC · Series A Raised $14.0M · modeled $53.1M (est)DCFC Holdings, LLC · Series A Raised $16.1M · modeled $51.8M (est)HeadVantage Corp · Series A Raised $15.0M · modeled $50.8M (est)Cobbs Creek Restoration & Community Foundation · Series A Raised $14.1M · modeled $50.5M (est)Mawson Resources Ltd · Series A Raised $26.3M · modeled $50.2M (est)Chess Champion Ltd Liability Co · Series A Raised $15.0M · modeled $50.1M (est)Sepratech TopCo, LLC · Series A Raised $14.6M · modeled $49.7M (est)MATT & LEWIS DEVELOPMENT Ltd LIABILITY Co · Series A Raised $15.0M · modeled $48.6M (est)FlyGuys, Inc · Series A Raised $16.7M · modeled $48.5M (est)Empyrean Club, LLC · Series A Raised $14.0M · modeled $48.0M (est)Mercury Fan, Inc. (this company) Raised $28.0M · modeled $10.1M (est)Mercury Fan, Inc.
CompanyStageRaised · realValue · estvs peer med.
Sea Court GP, LLCSeries A$15.0M$57.7M2.98×
Kastle Biopartners II LPSeries A$14.4M$53.1M2.75×
Econic Investment LLCSeries A$14.0M$53.1M2.74×
DCFC Holdings, LLCSeries A$16.1M$51.8M2.67×
HeadVantage CorpSeries A$15.0M$50.8M2.62×
Cobbs Creek Restoration & Community FoundationSeries A$14.1M$50.5M2.61×
Mawson Resources LtdSeries A$26.3M$50.2M2.60×
Chess Champion Ltd Liability CoSeries A$15.0M$50.1M2.59×
Sepratech TopCo, LLCSeries A$14.6M$49.7M2.57×
MATT & LEWIS DEVELOPMENT Ltd LIABILITY CoSeries A$15.0M$48.6M2.51×
FlyGuys, IncSeries A$16.7M$48.5M2.51×
Empyrean Club, LLCSeries A$14.0M$48.0M2.48×
Mercury Fan, Inc. this companySeries A$28.0M$10.1M0.52×
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.
Seed$1.9M2021-03-25$9.3M$26.2M90%
Seed$2.0M2021-11-23$10.0M$22.1M90%
Seed$2.2M2021-11-23$10.9M$24.1M90%
Seed$2.0M2021-11-23$10.1M$22.4M90%
Series A$11.6M2022-08-09$52.8M$93.5M90%
Series A$500K2023-07-14$2.3M$3.0M90%
Series A$8.6M2023-11-16$39.2M$47.3M90%
Series A$250K2025-04-16$1.1M$898K90%
Series A$3.0M2025-07-09$13.6M$10.1M90%
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. Seed$1.9M2021-03-25
    • First recorded raise — entered as Seed.
    • 6 investors on this round.
  2. Seed$2.0M2021-11-23
    • Raised 8 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
  3. Seed$2.2M2021-11-23
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 5 investors on this round.
  4. Seed$2.0M2021-11-23
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 4 investors on this round.
  5. Series A$11.6M2022-08-09
    • Raised 9 mo later, in step with the ~11 mo sector norm.
    • Round 5.7× larger than the prior — scaling up.
    • 14 investors on this round.
  6. Series A$500K2023-07-14
    • Raised 11 mo later, in step with the ~11 mo sector norm.
    • Round 23.2× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  7. Series A$8.6M2023-11-16
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 17.2× larger than the prior — scaling up.
    • 14 investors on this round.
  8. Series A$250K2025-04-16
    • Raised 17 mo later, in step with the ~11 mo sector norm.
    • Round 34.5× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  9. Series A$3.0M2025-07-09
    • Came back fast: 3 mo vs the ~11 mo sector norm.
    • Round 12.0× larger than the prior — scaling up.
    • 14 investors on this round.
Intelligence
2026 ~Q1
Modeled next raise · ~6mo cadence
$9.0M
Modeled next size est.range $5.9M$14.4M
12.0×
Last step-up
$6.5M/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 Katz3 other2021-03
Richard Vogel3 other2021-03
Thomas Mann2 other2021-03
Justin Johnson1 other2021-03
MATT SHAPIRO1 other2022-08
Andrew Porter Spano2023-11
Andrew Spano2021-03
Brian Porter Grey2025-04
David Porter Grieve2023-11
Matt Porter Shapiro2023-11
Peter Porter Blacklow2025-07
Porter Grieve2021-03
Rich Porter Vogel2025-04
Ryan Troyer2021-03
Tobias Porter Nilsson-Roos2023-11
Registry & provenance

Mercury Fan, 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
1896088
SEC CIK
2021
Incorporated
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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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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
Mercury Management Holdings, LLCOtherSeries A$74.3M83%
Fanfactor IncOtherPre-Seed$3.5M83%
Future Fans Inc.OtherSeed$7.4M82%
Fandex, Inc.OtherPre-Seed$4.6M82%
Mercury Business Services Holdings, LLCOtherSeed$22.3M82%
Fan Owned Club, Inc.OtherPre-Seed$7.8M82%
Fan Recruiters Inc.OtherPre-Seed$916K81%
Fanbasis Inc.OtherSeries B$98.9M81%
Frequently asked
How much funding has Mercury Fan, Inc. raised?
Mercury Fan, Inc. has raised approximately $28.0M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Mercury Fan, Inc.'s estimated valuation?
Provath's modeled valuation for Mercury Fan, Inc. is approximately $10.1M (modeled range $4.1M–$17.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Mercury Fan, Inc. at?
Mercury Fan, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Wed Jul 09.
What does Mercury Fan, Inc. do and where is it based?
Mercury Fan, Inc. operates in the Other sector, based in NEW YORK.
Explore related

See where Mercury Fan, 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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