Neochord Inc looks under-valued against its niche peers and is quiet on financing cadence.
Raised $78M across 16 disclosed rounds, last modeled as Series B (a $15M–$40M round).
Modeled value is 0.03× the median modeled value of Series B Manufacturing companies in 2025–2027 (16 peers) — value vs value, same stage and era.
Valued on the manufacturing profile — its sector's growth and survival benchmarks differ from the market default, so the same raise is worth more or less here.
Last raise 16 mo ago; this sector typically re-raises about every 12 months.
Latest round was 1.9× smaller than the prior — a bridge or down round.
Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the manufacturing sector profile.
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 0.03× the median modeled value of Series B Manufacturing companies in 2025–2027 (16 peers) — value vs value, same stage and era.
Quiet
Last raise 16 mo ago; this sector typically re-raises about every 12 months.
Slightly overdue versus sector cadence.
Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.
Issuer-vehicle patternmedium confidence
Neochord Inc behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.
Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
17.0 yr record
Peak capital year was 2018 with $107.6M across 4 filings.
Market position
ahead of 95% of Manufacturing peers
Capital scale is ahead of 95% of Manufacturing peers; modeled value is above 17% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
What triggered this
No clearly named CEO/founder/principal role in the public records surfaced here.
No verified homepage on the profile yet.
Capital program peaked in 2018: $107.6M across 4 filings.
Largest single filing was $33.4M on 2018-10-31.
Filing rows sum to $157.2M, while canonical raised total is $78.2M; likely amendments/superseded rows are mixed into the detail view.
How to read the page
Read this less like a startup funding journey and more like a capital-raising program.
Stage-based valuation and peer labels have lower applicability for this pattern.
The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
Canonical filtering should be tightened before using row-level totals for diligence.
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 Manufacturing
Neochord Inc is one of 3257 Manufacturing companies tracked from Maple Grove. By capital raised it ranks among the largest (ahead of 95% of sector peers), and in the long tail 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
14
Investors (latest)
2025-02-27
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
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$3.4M · 2009
Seed extension$2.8M · 2009
Seed extension$1.0M · 2011
Series A$5.1M · 2011
Series A extension$852K · 2012
Series A extension$3.0M · 2013
Series A extension$457K · 2015
Series A extension$12.6M · 2015
Series A extension$4.0M · 2017
Series B$24.4M · 2018
Series B extension$29.2M · 2018
Series B extension$20.6M · 2018
Series B extension$33.4M · 2018
Series B extension$2.8M · 2021
Series B extension$1.0M · 2021
Series B extension$1.8M · 2022
Bridge · Series B-stage$2.0M · 2022smaller follow-on
Series B extension$2.9M · 2022
Series B extension$4.6M · 2023
Series B extension$914K · 2024
Series B extension$493K · 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
$2.4M
Base estimate est.
$1.3M
Conservative case
$3.8M
Upside case
$2.7M
Modeled post-money
Round size and date are reported; the stage label is inferred from round size (latest is Series B — a $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the manufacturing sector profile. Directional, not a quoted figure.
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
69%
Survival probability
46% low · 85% high
1.19×/yr
Annual markup
1.44×/yr upside case
1.3 yr
Elapsed time used
1.3 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
9 mo
Avg between rounds
$5.0M/yr
Capital velocity
17.0 yr
On record since
2009
First round
21
Rounds on file
How it compares to the market
Benchmarked against 3257 companies in Manufacturing. 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)▲ 39× above median
This company$78.2M
Sector median$2.0M
Latest round — vs other Series B rounds in sector (real $, this stage)▼ 0.0× of median
This company$493K
Sector median$18.5M
Modeled value — vs sector median (estimate, all stages)▼ 0.2× of median
This company$2.4M
Sector median$12.0M
Raised more than 95% of sector peers (real $). Modeled value above 17% 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 valueest. (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 #16 of 16.
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.
Stage
Amount · real
Announced
Post-money · est
Value · est
Conf.
Seed
$3.4M
2009-06-16
$16.8M
$41.2M
85%
Seed
$2.8M
2009-06-16
$14.0M
$34.3M
85%
Seed
$1.0M
2011-01-07
$5.0M
$12.3M
85%
Series A
$5.1M
2011-07-20
$23.1M
$50.7M
85%
Series A
$852K
2012-12-05
$3.9M
$8.5M
85%
Series A
$3.0M
2013-03-05
$13.6M
$30.0M
85%
Series A
$457K
2015-02-02
$2.1M
$4.6M
85%
Series A
$12.6M
2015-05-11
$57.1M
$125.4M
85%
Series A
$4.0M
2017-09-01
$18.3M
$40.3M
90%
Series B
$24.4M
2018-10-31
$135.4M
$267.3M
90%
Series B
$29.2M
2018-10-31
$162.5M
$320.7M
90%
Series B
$20.6M
2018-10-31
$114.5M
$226.0M
90%
Series B
$33.4M
2018-10-31
$185.4M
$365.9M
90%
Series B
$2.8M
2021-04-27
$15.6M
$26.6M
90%
Series B
$1.0M
2021-09-10
$5.6M
$8.9M
90%
Series B
$1.8M
2022-02-23
$9.7M
$14.4M
90%
Seed
$2.0M
2022-09-08
$10.0M
$12.8M
90%
Series B
$2.9M
2022-09-08
$16.2M
$21.9M
90%
Series B
$4.6M
2023-06-20
$25.6M
$30.2M
90%
Series B
$914K
2024-08-16
$5.1M
$4.9M
90%
Series B
$493K
2025-02-27
$2.7M
$2.4M
90%
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.
Seed$3.4M2009-06-16
First recorded raise — entered as Seed.
53 investors on this round.
Seed$2.8M2009-06-16
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round roughly the size of the prior one.
42 investors on this round.
Seed$1.0M2011-01-07
Raised again after 19 mo — slower than the ~12 mo sector norm.
Round 2.8× smaller than the prior — bridge or down round.
Series A$5.1M2011-07-20
Came back fast: 6 mo vs the ~12 mo sector norm.
Round 5.1× larger than the prior — scaling up.
44 investors on this round.
Series A$852K2012-12-05
Raised 17 mo later, in step with the ~12 mo sector norm.
Round 6.0× smaller than the prior — bridge or down round.
10 investors on this round.
Series A$3.0M2013-03-05
Came back fast: 3 mo vs the ~12 mo sector norm.
Round 3.5× larger than the prior — scaling up.
23 investors on this round.
Series A$457K2015-02-02
Raised again after 23 mo — slower than the ~12 mo sector norm.
Round 6.6× smaller than the prior — bridge or down round.
Switched to Rule 506(b) (was Rule 06).
10 investors on this round.
Series A$12.6M2015-05-11
Came back fast: 3 mo vs the ~12 mo sector norm.
Round 27.5× larger than the prior — scaling up.
16 investors on this round.
Series A$4.0M2017-09-01
Raised again after 28 mo — slower than the ~12 mo sector norm.
Round 3.1× smaller than the prior — bridge or down round.
27 investors on this round.
Series B$24.4M2018-10-31
Raised 14 mo later, in step with the ~12 mo sector norm.
Round 6.0× larger than the prior — scaling up.
28 investors on this round.
Series B$29.2M2018-10-31
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round roughly the size of the prior one.
28 investors on this round.
Series B$20.6M2018-10-31
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round 1.4× smaller than the prior — bridge or down round.
27 investors on this round.
Series B$33.4M2018-10-31
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round 1.6× larger than the prior — scaling up.
28 investors on this round.
Series B$2.8M2021-04-27
Raised again after 30 mo — slower than the ~12 mo sector norm.
Round 11.9× smaller than the prior — bridge or down round.
6 investors on this round.
Series B$1.0M2021-09-10
Came back fast: 4 mo vs the ~12 mo sector norm.
Round 2.8× smaller than the prior — bridge or down round.
6 investors on this round.
Series B$1.8M2022-02-23
Came back fast: 5 mo vs the ~12 mo sector norm.
Round 1.8× larger than the prior — scaling up.
6 investors on this round.
Seed$2.0M2022-09-08
Came back fast: 6 mo vs the ~12 mo sector norm.
Round roughly the size of the prior one.
3 investors on this round.
Series B$2.9M2022-09-08
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round 1.5× larger than the prior — scaling up.
25 investors on this round.
Series B$4.6M2023-06-20
Raised 9 mo later, in step with the ~12 mo sector norm.
Round 1.6× larger than the prior — scaling up.
3 investors on this round.
Series B$914K2024-08-16
Raised 14 mo later, in step with the ~12 mo sector norm.
Round 5.0× smaller than the prior — bridge or down round.
9 investors on this round.
Series B$493K2025-02-27
Came back fast: 6 mo vs the ~12 mo sector norm.
Round 1.9× smaller than the prior — bridge or down round.
14 investors on this round.
Intelligence
2025 ~Q4
Modeled next raise · ~9mo cadence
$493K
Modeled next size est.range $493K–$789K
0.5×
Last step-up
$5.0M/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.
Neochord 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
1400819
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.
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.
Neochord Inc has raised approximately $78.2M in disclosed capital across 16 recorded financing rounds, aggregated from public filings.
What is Neochord Inc's estimated valuation?
Provath's modeled valuation for Neochord Inc is approximately $2.4M (modeled range $1.3M–$3.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Neochord Inc at?
Neochord Inc's latest modeled financing stage is Series B. Its most recent recorded round closed around Thu Feb 27.
What does Neochord Inc do and where is it based?
Neochord Inc operates in the Manufacturing sector, based in Maple Grove.
Explore related
See where Neochord Inc sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
If you work at Neochord Inc, claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.