Diligence memo · auto-generated · as of July 1, 2026
NativState LLC
NativState LLC looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
NativState LLC operates in Environmental Services, based in CONWAY.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
NativState LLC has raised $8.1M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $8.1M on 2023-06-12.
Most recent recorded round closed around 2023-06-12.
Valuation (modeled)modeled
Provath models NativState LLC at approximately $59M (range $10M–$161M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.84× the median modeled value of Series A Environmental Services companies in 2022–2024 (8 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 3.1 yr ago; this sector typically re-raises about every 11 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 74% of Environmental Services peers (242 compared).
Modeled value ranks above 69% of those peers.
Closest niche peers: Phospholutions, Inc., Omni Recycling Holdings, LLC, 3Degrees Group, Inc., Zhang Heng Technology Ltd, Climate Vault Solutions, Inc..
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.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.