Companies · Other

Nevsun Resources Ltd

VANCOUVER · Other

Diligence memoA one-page analyst read on Nevsun Resources Ltd — recommendation, valuation, rhythm, risks.
$53.2M
Total raised · real
2
Rounds
3.0×
Latest step-up
Top 7%
Sector rank · raised
Series B
Latest stage · inferred · Tue Feb 16 2010 00:00:00 GMT+0000 (Coordinated Universal Time)

Nevsun Resources Ltd looks over-valued against its niche peers and is dormant 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.

Over-valued
  • Modeled value is 1.82× the median modeled value of Series B Other companies in 2010–2012 (251 peers) — value vs value, same stage and era.
Dormant
  • Last raise 16.4 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal cadence.
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

Nevsun Resources Ltd is one of 25008 Other companies tracked from VANCOUVER. By capital raised it ranks among the largest (ahead of 94% 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
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$250M$500M$750M$1.0BSeries A · 2009-10-30 Raised $13M (real) Modeled valuation $200M (est)$13M$200MSeries A2009Series B · 2010-02-16 Raised $40M (real) Modeled valuation $663M (est)$40M$663MSeries B2010+$40MCumulative $53M

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$13.2M · 2009
Series B$39.9M · 2010

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — 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
$663.3M
Base estimate est.
$99.8M
Conservative case
$2.6B
Upside case
$221.8M
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. Directional, not a quoted figure.

Series A · modeled $200.3M · 2009-10-302009Series B · modeled $663.3M · 2010-02-162010
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
45% low · 83% high
1.28×/yr
Annual markup
1.55×/yr upside case
6.0 yr
Elapsed time used
16.4 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
4 mo
Avg between rounds
$178.1M/yr
Capital velocity
16.7 yr
On record since
2009
First round
2
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) 26× above median
This company$53.2M
Sector median$2.0M
Latest round — vs other Series B rounds in sector (real $, this stage) 2.0× above median
This company$39.9M
Sector median$19.6M
Modeled value — vs sector median (estimate, all stages) 38× above median
This company$663.3M
Sector median$17.7M

Raised more than 94% of sector peers (real $). Modeled value above 95% 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 #5 of 251.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Amber Holding Inc. · Series B Raised $40.0M · modeled $664.6M (est)ATS Consolidated, Inc. · Series B Raised $40.0M · modeled $664.6M (est)Varsity AP Holdings LLC · Series B Raised $40.0M · modeled $664.6M (est)Nordic Cold Storage Holdings, LLC · Series B Raised $40.0M · modeled $664.6M (est)CS Holdings Co., Inc. · Series B Raised $39.2M · modeled $651.9M (est)L.COM Holding, Inc. · Series B Raised $39.1M · modeled $650.3M (est)Stag Parkway Holding Co · Series B Raised $38.0M · modeled $630.5M (est)Kettle Cuisine Holdings, Llc · Series B Raised $75.0M · modeled $627.3M (est)Dia Bras Exploration Inc · Series B Raised $57.9M · modeled $617.1M (est)SLS Learning Holdings, LLC · Series B Raised $36.7M · modeled $609.9M (est)Univar Inc. · Series B Raised $95.5M · modeled $604.5M (est)Nevsun Resources Ltd (this company) Raised $53.2M · modeled $663.3M (est)Nevsun Resources Ltd
CompanyStageRaised · realValue · estvs peer med.
Amber Holding Inc.Series B$40.0M$664.6M1.83×
ATS Consolidated, Inc.Series B$40.0M$664.6M1.83×
Varsity AP Holdings LLCSeries B$40.0M$664.6M1.83×
Nordic Cold Storage Holdings, LLCSeries B$40.0M$664.6M1.83×
Nevsun Resources Ltd this companySeries B$53.2M$663.3M1.82×
CS Holdings Co., Inc.Series B$39.2M$651.9M1.79×
L.COM Holding, Inc.Series B$39.1M$650.3M1.79×
Stag Parkway Holding CoSeries B$38.0M$630.5M1.73×
Kettle Cuisine Holdings, LlcSeries B$75.0M$627.3M1.72×
Dia Bras Exploration IncSeries B$57.9M$617.1M1.70×
SLS Learning Holdings, LLCSeries B$36.7M$609.9M1.68×
Univar Inc.Series B$95.5M$604.5M1.66×
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$13.2M2009-10-30$60.2M$200.3M90%
Series B$39.9M2010-02-16$221.8M$663.3M90%
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$13.2M2009-10-30
    • First recorded raise — entered as Series A.
  2. Series B$39.9M2010-02-16
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 3.0× larger than the prior — scaling up.
Intelligence
2010 ~Q2
Modeled next raise · ~4mo cadence
$119.8M
Modeled next size est.range $77.8M$191.6M
3.0×
Last step-up
$178.1M/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
R. Stuart Angus6 other2009-10
Gary E. German2 other2009-10
Clifford T. Davis1 other2009-10
Cliff T. Davis2010-02
Gerard E. Munera2009-10
Maureen Stuart Carse2009-10
Maureen T. Carse2010-02
Peter Stuart Hardie2009-10
Peter T. Hardie2010-02
Robert J. Gayton2009-10
Trevor Stuart Moss2009-10
Trevor T. Moss2010-02
Registry & provenance

Nevsun Resources Ltd 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
919991
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
Vascular Dynamics, Inc.OtherSeries B$51.4M$549.1Msame sector · same stage
higi SH Holdings Inc.OtherSeries B$55.2M$521.9Msame sector · same stage
Globaltranz Enterprises, Inc.OtherSeries B$50.0M$664.6Msame sector · same stage
MXY Holdings, LLCOtherSeries B$49.9M$597.0Msame sector · same stage
Clean Power Finance, Inc.OtherSeries B$56.7M$614.1Msame sector · same stage
Havenly Inc.OtherSeries B$57.5M$527.9Msame sector · same stage
Dia Bras Exploration IncOtherSeries B$57.9M$617.1Msame sector · same stage
Nexcore Holdings, LLCOtherSeries B$48.5M$637.1Msame sector · same stage
Frequently asked
How much funding has Nevsun Resources Ltd raised?
Nevsun Resources Ltd has raised approximately $53.2M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Nevsun Resources Ltd's estimated valuation?
Provath's modeled valuation for Nevsun Resources Ltd is approximately $663.3M (modeled range $99.8M–$2.6B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Nevsun Resources Ltd at?
Nevsun Resources Ltd's latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Feb 16.
What does Nevsun Resources Ltd do and where is it based?
Nevsun Resources Ltd operates in the Other sector, based in VANCOUVER.
Explore related

See where Nevsun Resources Ltd sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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