Diligence memo · auto-generated · as of July 2, 2026
Munising Water Sports, Inc.
Munising Water Sports, Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Munising Water Sports, Inc. operates in Tourism and Travel Services, based in MUNISING.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Munising Water Sports, Inc. has raised $3.4M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $2.3M on 2018-07-01.
Most recent recorded round closed around 2018-07-01.
Valuation (modeled)modeled
Provath models Munising Water Sports, Inc. at approximately $16M (range $1.8M–$127M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
Historic cadence: a new round about every 34 months.
Last raise 8.0 yr ago; this sector typically re-raises about every 14 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 2.0× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 70% of Tourism and Travel Services peers (172 compared).
Modeled value ranks above 77% of those peers.
Closest niche peers: Monaker Group, Inc., JackRabbit Systems, Inc., Old Marsh, LLC, Sharing Services, Inc., FTC Holdings LLC.
Peoplefiled
8 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.