Companies · Other Technology

Nano-C Inc

WESTWOOD · Other Technology

Diligence memoA one-page analyst read on Nano-C Inc — recommendation, valuation, rhythm, risks.
$71.0M
Total raised · real
8
Rounds
16.3×
Latest step-up
Top 6%
Sector rank · raised
Series B
Latest stage · inferred · Tue Aug 12 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Nano-C Inc looks over-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. Valuation uses the technology sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 1.61× the median modeled value of Series B Other Technology companies in 2025–2027 (193 peers) — value vs value, same stage and era.
Active
  • Last raise 11 mo ago; this sector typically re-raises about every 13 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 Technology

Nano-C Inc is one of 21292 Other Technology companies tracked from WESTWOOD. By capital raised it ranks among the largest (ahead of 95% 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
Rule 506(b)
Reg D exemption
33
Investors (latest)
2025-08-12
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$125M$250M$375M$500MSeries A · 2018-04-02 Raised $11M (real) Modeled valuation $319M (est)Series A2018Series A · 2018-07-17 Raised $4.8M (real) Modeled valuation $132M (est)Series A2018Seed · 2018-07-17 Raised $1.1M (real) Modeled valuation $37M (est)Seed2018Series A · 2018-07-17 Raised $9.8M (real) Modeled valuation $271M (est)Series A2018Seed · 2018-07-17 Raised $2.7M (real) Modeled valuation $92M (est)Seed2018Seed · 2020-02-28 Raised $1.3M (real) Modeled valuation $43M (est)Seed2020Series A · 2020-02-28 Raised $5.1M (real) Modeled valuation $140M (est)Series A2020Series A · 2021-07-01 Raised $8.5M (real) Modeled valuation $158M (est)Series A2021Series A · 2022-04-26 Raised $660K (real) Modeled valuation $8.8M (est)Series A2022Series A · 2022-08-03 Raised $1.0M (real) Modeled valuation $12M (est)Series A2022Series A · 2023-10-30 Raised $2.0M (real) Modeled valuation $14M (est)Series A2023Series B · 2025-08-12 Raised $33M (real) Modeled valuation $164M (est)Series B2025Cumulative $81M

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$11.5M · 2018
Series A extension$4.8M · 2018
Bridge · Series A-stage$1.1M · 2018smaller follow-on
Series A extension$9.8M · 2018
Bridge · Series A-stage$2.7M · 2018smaller follow-on
Bridge · Series A-stage$1.3M · 2020smaller follow-on
Series A extension$5.1M · 2020
Series A extension$8.5M · 2021
Series A extension$660K · 2022
Series A extension$1.0M · 2022
Series A extension$2.0M · 2023
Series B$32.5M · 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: 75%.

Modeled valuation trajectory
$164.2M
Base estimate est.
$79.6M
Conservative case
$237.4M
Upside case
$180.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Series A · modeled $319.0M · 2018-04-022018Series A · modeled $132.0M · 2018-07-17Seed · modeled $37.5M · 2018-07-17Series A · modeled $271.0M · 2018-07-17Seed · modeled $92.0M · 2018-07-17Seed · modeled $42.6M · 2020-02-28Series A · modeled $140.2M · 2020-02-28Series A · modeled $157.6M · 2021-07-01Series A · modeled $8.8M · 2022-04-26Series A · modeled $12.1M · 2022-08-03Series A · modeled $14.4M · 2023-10-30Series B · modeled $164.2M · 2025-08-122025
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
67%
Survival probability
44% low · 81% high
1.42×/yr
Annual markup
1.72×/yr upside case
0.9 yr
Elapsed time used
0.9 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
8 mo
Avg between rounds
$9.6M/yr
Capital velocity
8.2 yr
On record since
2018
First round
12
Rounds on file
How it compares to the market

Benchmarked against 21292 companies in Other Technology. 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) 22× above median
This company$71.0M
Sector median$3.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.7× above median
This company$32.5M
Sector median$19.2M
Modeled value — vs sector median (estimate, all stages) 4.4× above median
This company$164.2M
Sector median$37.3M

Raised more than 95% of sector peers (real $). Modeled value above 81% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #23 of 193.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Proscia Inc. · Series B Raised $113.9M · modeled $206.4M (est)Creditly Corp. · Series B Raised $53.0M · modeled $206.1M (est)Enbalg Group Corp · Series B Raised $51.0M · modeled $205.5M (est)Lumana Inc. · Series B Raised $37.0M · modeled $202.8M (est)ProrataAI, Inc. · Series B Raised $70.9M · modeled $201.6M (est)Augmodo Inc. · Series B Raised $37.6M · modeled $197.7M (est)Altera.AL, Inc. · Series B Raised $40.1M · modeled $190.3M (est)Optimal Dynamics, Inc. · Series B Raised $88.0M · modeled $188.5M (est)Agentio Inc. · Series B Raised $58.2M · modeled $187.4M (est)Urban Sky Theory, Inc. · Series B Raised $45.0M · modeled $186.3M (est)Mombak Holdings Ltd. · Series B Raised $61.5M · modeled $185.4M (est)Numeral Two Inc. · Series B Raised $53.1M · modeled $184.5M (est)Nano-C Inc (this company) Raised $71.0M · modeled $164.2M (est)Nano-C Inc
CompanyStageRaised · realValue · estvs peer med.
Proscia Inc.Series B$113.9M$206.4M2.03×
Creditly Corp.Series B$53.0M$206.1M2.02×
Enbalg Group CorpSeries B$51.0M$205.5M2.02×
Lumana Inc.Series B$37.0M$202.8M1.99×
ProrataAI, Inc.Series B$70.9M$201.6M1.98×
Augmodo Inc.Series B$37.6M$197.7M1.94×
Altera.AL, Inc.Series B$40.1M$190.3M1.87×
Optimal Dynamics, Inc.Series B$88.0M$188.5M1.85×
Agentio Inc.Series B$58.2M$187.4M1.84×
Urban Sky Theory, Inc.Series B$45.0M$186.3M1.83×
Mombak Holdings Ltd.Series B$61.5M$185.4M1.82×
Numeral Two Inc.Series B$53.1M$184.5M1.81×
Nano-C Inc this companySeries B$71.0M$164.2M1.61×
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$11.5M2018-04-02$52.3M$319.0M90%
Series A$4.8M2018-07-17$21.6M$132.0M90%
Seed$1.1M2018-07-17$5.5M$37.5M90%
Series A$9.8M2018-07-17$44.4M$271.0M90%
Seed$2.7M2018-07-17$13.5M$92.0M90%
Seed$1.3M2020-02-28$6.3M$42.6M90%
Series A$5.1M2020-02-28$23.0M$140.2M90%
Series A$8.5M2021-07-01$38.7M$157.6M90%
Series A$660K2022-04-26$3.0M$8.8M90%
Series A$1.0M2022-08-03$4.6M$12.1M90%
Series A$2.0M2023-10-30$9.1M$14.4M90%
Series B$32.5M2025-08-12$180.6M$164.2M90%
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$11.5M2018-04-02
    • First recorded raise — entered as Series A.
    • 24 investors on this round.
  2. Series A$4.8M2018-07-17
    • Came back fast: 3 mo vs the ~13 mo sector norm.
    • Round 2.4× smaller than the prior — bridge or down round.
    • 13 investors on this round.
  3. Seed$1.1M2018-07-17
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 4.3× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  4. Series A$9.8M2018-07-17
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 8.9× larger than the prior — scaling up.
    • 13 investors on this round.
  5. Seed$2.7M2018-07-17
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.6× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  6. Seed$1.3M2020-02-28
    • Raised 19 mo later, in step with the ~13 mo sector norm.
    • Round 2.2× smaller than the prior — bridge or down round.
    • Switched to Rule 506(c) (was Rule 506(b)).
    • 12 investors on this round.
  7. Series A$5.1M2020-02-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 4.0× larger than the prior — scaling up.
    • 74 investors on this round.
  8. Series A$8.5M2021-07-01
    • Raised 16 mo later, in step with the ~13 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 506(c)).
    • 25 investors on this round.
  9. Series A$660K2022-04-26
    • Raised 10 mo later, in step with the ~13 mo sector norm.
    • Round 12.9× smaller than the prior — bridge or down round.
    • Switched to Rule 506(c) (was Rule 506(b)).
    • 4 investors on this round.
  10. Series A$1.0M2022-08-03
    • Came back fast: 3 mo vs the ~13 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 506(c)).
    • 16 investors on this round.
  11. Series A$2.0M2023-10-30
    • Raised 15 mo later, in step with the ~13 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 2 investors on this round.
  12. Series B$32.5M2025-08-12
    • Raised again after 21 mo — slower than the ~13 mo sector norm.
    • Round 16.3× larger than the prior — scaling up.
    • 33 investors on this round.
Intelligence
2026 ~Q2
Modeled next raise · ~8mo cadence
$97.5M
Modeled next size est.range $63.4M$156.0M
16.3×
Last step-up
$9.6M/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
Peter De Roetth1 other2018-04
Raymond S. Stata1 other2020-02
Christopher F. Cheever2018-04
Christopher R. Cheever2021-07
Christopher S. Cheever2020-02
Donald S. Wallroth2025-08
John F. Cogan, Jr.2018-04
John F. Grover2018-04
John R. Grover2021-07
John S. Grover2020-02
Peter R. De Roetth2018-07
Sandeep S. Singh2025-08
Stanley S. Twarog2025-08
Viktor R. Vegins2022-08
Viktor R. Vejins2018-07
Viktor Vejins2018-04
Registry & provenance

Nano-C 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
1350327
SEC CIK
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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
Nano Carbon Solutions, Inc.Other TechnologyPre-Seed$3.0M95%
Nanotech Engineering Inc.Other TechnologySeed$125.5M93%
C3 Nano, Inc.Other TechnologySeries A$155.6M92%
Nano One Materials Corp.Other TechnologySeed$60.0M92%
Nanofactory CorpOther TechnologySeed$69.2M91%
NanoMech, Inc.Other TechnologySeries A$41.2M91%
Ts-Nano, Inc.Other TechnologyPre-Seed$4.2M91%
Nanoscale Components, Inc.Other TechnologySeries A$249.6M91%
Frequently asked
How much funding has Nano-C Inc raised?
Nano-C Inc has raised approximately $71.0M in disclosed capital across 8 recorded financing rounds, aggregated from public filings.
What is Nano-C Inc's estimated valuation?
Provath's modeled valuation for Nano-C Inc is approximately $164.2M (modeled range $79.6M–$237.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Nano-C Inc at?
Nano-C Inc's latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Aug 12.
What does Nano-C Inc do and where is it based?
Nano-C Inc operates in the Other Technology sector, based in WESTWOOD.
Explore related

See where Nano-C 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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