Companies · Tourism and Travel Services

Munising Water Sports, Inc.

MUNISING · Tourism and Travel Services

Diligence memoA one-page analyst read on Munising Water Sports, Inc. — recommendation, valuation, rhythm, risks.
$3.4M
Total raised · real
2
Rounds
2.0×
Latest step-up
Top 31%
Sector rank · raised
Seed
Latest stage · inferred · Sun Jul 01 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Munising Water Sports, 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 travel 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 1.00× the median modeled value of Seed Tourism and Travel Services companies in 2016–2018 (11 peers) — value vs value, same stage and era.
  • Within the normal band (100% of peer median) for its niche.
Dormant
  • Last raise 8.0 yr ago; this sector typically re-raises about every 14 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 Tourism and Travel Services

Munising Water Sports, Inc. is one of 172 Tourism and Travel Services companies tracked from MUNISING. By capital raised it ranks in the upper tier (ahead of 70% 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
$0–$1M
Issuer revenue
Rule 506(b)
Reg D exemption
2015
Year incorporated
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$5.0M$10M$15M$20MSeed · 2015-09-09 Raised $1.1M (real) Modeled valuation $8.2M (est)$1.1M$8.2MSeed2015Seed · 2018-07-01 Raised $2.3M (real) Modeled valuation $16M (est)$2.3M$16MSeed2018+$2.3MCumulative $3.4M

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$1.1M · 2015
Seed extension$2.3M · 2018

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: 50%.

Modeled valuation trajectory
$16.1M
Base estimate est.
$1.8M
Conservative case
$126.6M
Upside case
$11.3M
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 travel sector profile. Directional, not a quoted figure.

Seed · modeled $8.2M · 2015-09-092015Seed · modeled $16.1M · 2018-07-012018
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
36%
Survival probability
16% low · 55% high
1.26×/yr
Annual markup
1.65×/yr upside case
6.0 yr
Elapsed time used
8.0 yr actual, capped for stale marks
travel
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
34 mo
Avg between rounds
$1.2M/yr
Capital velocity
10.8 yr
On record since
2015
First round
2
Rounds on file
How it compares to the market

Benchmarked against 172 companies in Tourism and Travel Services. 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) 2.6× above median
This company$3.4M
Sector median$1.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.5× above median
This company$2.3M
Sector median$1.5M
Modeled value — vs sector median (estimate, all stages) 3.0× above median
This company$16.1M
Sector median$5.5M

Raised more than 70% of sector peers (real $). Modeled value above 77% 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 #6 of 11.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)Monaker Group, Inc. · Seed Raised $8.2M · modeled $22.0M (est)JackRabbit Systems, Inc. · Seed Raised $4.7M · modeled $20.7M (est)Old Marsh, LLC · Seed Raised $2.9M · modeled $20.5M (est)Sharing Services, Inc. · Seed Raised $2.5M · modeled $17.9M (est)FTC Holdings LLC · Seed Raised $2.4M · modeled $17.1M (est)TripBorn, Inc. · Seed Raised $2.6M · modeled $15.4M (est)Busbud Inc. · Seed Raised $2.0M · modeled $14.3M (est)Penobscot Valley, LLC · Seed Raised $1.9M · modeled $13.6M (est)Context Walks LLC · Seed Raised $1.5M · modeled $11.0M (est)Ride, LLC · Seed Raised $3.9M · modeled $2.8M (est)Munising Water Sports, Inc. (this company) Raised $3.4M · modeled $16.1M (est)Munising Water Sports, Inc.
CompanyStageRaised · realValue · estvs peer med.
Monaker Group, Inc.Seed$8.2M$22.0M1.36×
JackRabbit Systems, Inc.Seed$4.7M$20.7M1.28×
Old Marsh, LLCSeed$2.9M$20.5M1.27×
Sharing Services, Inc.Seed$2.5M$17.9M1.11×
FTC Holdings LLCSeed$2.4M$17.1M1.06×
Munising Water Sports, Inc. this companySeed$3.4M$16.1M1.00×
TripBorn, Inc.Seed$2.6M$15.4M0.95×
Busbud Inc.Seed$2.0M$14.3M0.89×
Penobscot Valley, LLCSeed$1.9M$13.6M0.84×
Context Walks LLCSeed$1.5M$11.0M0.68×
Ride, LLCSeed$3.9M$2.8M0.17×
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$1.1M2015-09-09$5.8M$8.2M85%
Seed$2.3M2018-07-01$11.3M$16.1M90%
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$1.1M2015-09-09
    • First recorded raise — entered as Seed.
    • 11 investors on this round.
  2. Seed$2.3M2018-07-01
    • Raised again after 34 mo — slower than the ~14 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • Revenue band moved $1M–$5M → $0–$1M.
Intelligence
2021 ~Q2
Modeled next raise · ~34mo cadence
$4.4M
Modeled next size est.range $2.9M$7.0M
2.0×
Last step-up
$1.2M/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
Larry Johnson3 other2015-09
John Madigan1 other2015-09
Ann Niemi2015-09
Burnell Perry2015-09
Daniel Boucher2015-09
Donna Brisson2015-09
Joe Lasak2018-07
Richard Madigan2015-09
Registry & provenance

Munising Water Sports, 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
1653767
SEC CIK
2015
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
Team Vision Virtual, Inc.Tourism and Travel ServicesSeed$3.4M$1.2Msame sector · same stage
Frost Group, LLCTourism and Travel ServicesSeed$3.4M$24.0Msame sector · same stage
Nantahala Outdoor Center IncTourism and Travel ServicesSeed$3.0M$21.5Msame sector · same stage
Aeolus Air Charter, Inc.Tourism and Travel ServicesSeed$3.0M$14.8Msame sector · same stage
Hybrid Cruise, Inc.Tourism and Travel ServicesSeed$3.0M$5.3Msame sector · same stage
Ride, LLCTourism and Travel ServicesSeed$3.9M$2.8Msame sector · same stage
Beskapes, Inc.Tourism and Travel ServicesSeed$3.9M$28.3Msame sector · same stage
Old Marsh, LLCTourism and Travel ServicesSeed$2.9M$20.5Msame 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
Silverthorne HIE, LLCTourism and Travel ServicesSeries A$8.3M75%
Monaker Group, Inc.Tourism and Travel ServicesSeed$22.0M75%
Channel Islands Expeditions Inc.Tourism and Travel ServicesPre-Seed$1.6M74%
Birdie Houses, Inc.Tourism and Travel ServicesSeed$6.6M74%
Westport Golf, Inc.Tourism and Travel ServicesSeed$5.2M74%
Fuelup, Corp.Tourism and Travel ServicesSeed$4.9M74%
tripdeals.FUN, Inc.Tourism and Travel ServicesSeries A$42.0M73%
Busbud Inc.Tourism and Travel ServicesSeed$14.3M73%
Frequently asked
How much funding has Munising Water Sports, Inc. raised?
Munising Water Sports, Inc. has raised approximately $3.4M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Munising Water Sports, Inc.'s estimated valuation?
Provath's modeled valuation for Munising Water Sports, Inc. is approximately $16.1M (modeled range $1.8M–$126.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Munising Water Sports, Inc. at?
Munising Water Sports, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Sun Jul 01.
What does Munising Water Sports, Inc. do and where is it based?
Munising Water Sports, Inc. operates in the Tourism and Travel Services sector, based in MUNISING.
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