Companies · Other

MycoWorks, Inc.

EMERYVILLE · Other

Diligence memoA one-page analyst read on MycoWorks, Inc. — recommendation, valuation, rhythm, risks.
$220.6M
Total raised · real
4
Rounds
0.3×
Latest step-up
Top 3%
Sector rank · raised
Series D+
Latest stage · inferred · Mon Oct 03 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

MycoWorks, Inc. looks under-valued against its niche peers and is at-risk 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 0.34× the median modeled value of Series D+ Other companies in 2022–2024 (109 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.7 yr ago; this sector typically re-raises about every 11 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

MycoWorks, Inc. is one of 25008 Other companies tracked from EMERYVILLE. By capital raised it ranks among the largest (ahead of 98% of sector peers), and among the largest 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
11
Investors (latest)
2022-10-03
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$500M$1.0B$1.5B$2.0BSeries A · 2019-05-08 Raised $14M (real) Modeled valuation $208M (est)$14M$208MSeries A2019Series C · 2020-10-14 Raised $45M (real) Modeled valuation $725M (est)$45M$725MSeries C2020Series D+ · 2022-01-06 Raised $125M (real) Modeled valuation $1.7B (est)$125M$1.7BSeries D+2022Series D+ · 2022-10-03 Raised $37M (real) Modeled valuation $457M (est)$37M$457MSeries D+2022+$45M+$125M+$37MCumulative $221M

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$13.8M · 2019
Series C$44.8M · 2020no Series B on file
Series D+$125.0M · 2022
Series D+ extension$37.1M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series B — 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
$457.4M
Base estimate est.
$210.0M
Conservative case
$774.8M
Upside case
$308.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Series A · modeled $208.5M · 2019-05-082019Series C · modeled $725.0M · 2020-10-14Series D+ · modeled $1.7B · 2022-01-06Series D+ · modeled $457.4M · 2022-10-032022
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
85%
Survival probability
68% low · 94% high
1.16×/yr
Annual markup
1.30×/yr upside case
3.7 yr
Elapsed time used
3.7 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$64.8M/yr
Capital velocity
7.2 yr
On record since
2019
First round
4
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) 108× above median
This company$220.6M
Sector median$2.0M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.3× of median
This company$37.1M
Sector median$125.1M
Modeled value — vs sector median (estimate, all stages) 26× above median
This company$457.4M
Sector median$17.7M

Raised more than 98% of sector peers (real $). Modeled value above 94% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) 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 #79 of 109.

This companyCohort peer
$100.0M$1.0B$10.0B$100.0M$1.0BCapital raised (log)Getaround, Inc · Series D+ Raised $380.7M · modeled $5.0B (est)Relentless Topco, Inc. · Series D+ Raised $384.2M · modeled $4.9B (est)NQ PE Project Colosseum Parent, L.P. · Series D+ Raised $359.0M · modeled $4.4B (est)Cowboy Topco, Inc. · Series D+ Raised $328.1M · modeled $4.3B (est)Office Topco, Llc · Series D+ Raised $302.1M · modeled $4.1B (est)Litera Holdco LP · Series D+ Raised $854.9M · modeled $3.7B (est)Ergotron Investments, LLC · Series D+ Raised $287.5M · modeled $3.7B (est)Bolt Financial, Inc. · Series D+ Raised $756.7M · modeled $3.5B (est)Lambda, Inc./DE · Series D+ Raised $359.7M · modeled $3.4B (est)FS NU Investors LP · Series D+ Raised $264.8M · modeled $3.3B (est)AuditBoard HoldCo L.P. · Series D+ Raised $330.2M · modeled $2.9B (est)Atlantic Fields Club, LLC · Series D+ Raised $229.2M · modeled $2.8B (est)MycoWorks, Inc. (this company) Raised $220.6M · modeled $457.4M (est)MycoWorks, Inc.
CompanyStageRaised · realValue · estvs peer med.
Getaround, IncSeries D+$380.7M$5.0B3.66×
Relentless Topco, Inc.Series D+$384.2M$4.9B3.60×
NQ PE Project Colosseum Parent, L.P.Series D+$359.0M$4.4B3.26×
Cowboy Topco, Inc.Series D+$328.1M$4.3B3.15×
Office Topco, LlcSeries D+$302.1M$4.1B3.04×
Litera Holdco LPSeries D+$854.9M$3.7B2.73×
Ergotron Investments, LLCSeries D+$287.5M$3.7B2.70×
Bolt Financial, Inc.Series D+$756.7M$3.5B2.60×
Lambda, Inc./DESeries D+$359.7M$3.4B2.50×
FS NU Investors LPSeries D+$264.8M$3.3B2.45×
AuditBoard HoldCo L.P.Series D+$330.2M$2.9B2.15×
Atlantic Fields Club, LLCSeries D+$229.2M$2.8B2.04×
MycoWorks, Inc. this companySeries D+$220.6M$457.4M0.34×
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$13.8M2019-05-08$62.6M$208.5M90%
Series C$44.8M2020-10-14$298.5M$725.0M90%
Series D+$125.0M2022-01-06$1.0B$1.7B90%
Series D+$37.1M2022-10-03$308.8M$457.4M90%
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$13.8M2019-05-08
    • First recorded raise — entered as Series A.
    • 31 investors on this round.
  2. Series C$44.8M2020-10-14
    • Raised again after 17 mo — slower than the ~11 mo sector norm.
    • Round 3.3× larger than the prior — scaling up.
    • 32 investors on this round.
  3. Series D+$125.0M2022-01-06
    • Raised 15 mo later, in step with the ~11 mo sector norm.
    • Round 2.8× larger than the prior — scaling up.
    • 17 investors on this round.
  4. Series D+$37.1M2022-10-03
    • Raised 9 mo later, in step with the ~11 mo sector norm.
    • Round 3.4× smaller than the prior — bridge or down round.
    • 11 investors on this round.
Intelligence
2023 ~Q4
Modeled next raise · ~14mo cadence
$37.1M
Modeled next size est.range $37.1M$59.3M
0.3×
Last step-up
$64.8M/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
Gaetano Crupi5 other2022-10
Patrick Thomas4 other2022-10
Kiersten Stead3 other2020-10
ANDERS BENDSEN SPOHR2 other2022-01
Chris Hill2 other2019-05
Matthew Scullin2 other2019-05
Tjerk De Ruiter2 other2022-01
Michael Lindheim2019-05
Patrick De Thomas2022-01
Philip Ross2019-05
Stephen Van Helden2022-10
Thomas Grotkjaer2020-10
Registry & provenance

MycoWorks, 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
1894047
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.

CompanySectorStageRaised · realValue · estWhy similar
Lambda, Inc./DEOtherSeries D+$359.7M$3.4Bnetwork1 shared operator · same sector · same stage
Perfect Day, Inc.OtherSeries D+$221.8M$470.3Msame sector · same stage
Keras Holdings, LLCOtherSeries D+$213.8M$411.7Msame sector · same stage
On Assignment IncOtherSeries D+$247.0M$517.7Msame sector · same stage
ColdQuanta, Inc.OtherSeries D+$249.7M$436.8Msame sector · same stage
Sterling ADG Investments, LLCOtherSeries D+$185.9M$451.3Msame sector · same stage
NEFCO Acquisitions, Inc.OtherSeries D+$272.8M$418.8Msame sector · same stage
Snacks Parent CorpOtherSeries D+$173.5M$431.4Msame 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
Mycocycle, Inc.OtherSeed$6.0M87%
Yourco, Inc.Other TechnologyPre-Seed$5.3M84%
Highland Myco LLCOtherPre-Seed$1.6M84%
Leafworks Inc.OtherPre-Seed$1.4M83%
Blockworks Inc.OtherSeries A$79.6M83%
Myi, Inc.OtherPre-Seed$5.2M83%
Treeworks, Inc.OtherPre-Seed$6.5M83%
Thriveworks TopCo, LLCOtherSeries D+$5.0B82%
Frequently asked
How much funding has MycoWorks, Inc. raised?
MycoWorks, Inc. has raised approximately $220.6M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is MycoWorks, Inc.'s estimated valuation?
Provath's modeled valuation for MycoWorks, Inc. is approximately $457.4M (modeled range $210.0M–$774.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is MycoWorks, Inc. at?
MycoWorks, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Mon Oct 03.
What does MycoWorks, Inc. do and where is it based?
MycoWorks, Inc. operates in the Other sector, based in EMERYVILLE.
Explore related

See where MycoWorks, 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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