Companies · Other

North American Gold & Minerals Fund

LAS VEGAS · Other

Diligence memoA one-page analyst read on North American Gold & Minerals Fund — recommendation, valuation, rhythm, risks.
$474.3M
Total raised · real
6
Rounds
2.1×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Wed Nov 24 2010 00:00:00 GMT+0000 (Coordinated Universal Time)

North American Gold & Minerals Fund looks under-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.

Under-valued
  • Modeled value is 0.07× the median modeled value of Series D+ Other companies in 2010–2012 (92 peers) — value vs value, same stage and era.
Dormant
  • Last raise 15.6 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal 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

North American Gold & Minerals Fund 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
16.7 yr record
Peak capital year was 2010 with $466.9M across 4 filings.
Market position
ahead of 99% of Other peers
Capital scale is ahead of 99% of Other peers; modeled value is above 88% 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
Lower 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
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • Sector is still broad/Other, so operating comparables are weak.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2010: $466.9M across 4 filings.
  • Largest single filing was $258.1M on 2010-09-08.
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.
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

North American Gold & Minerals Fund is one of 25008 Other companies tracked from LAS VEGAS. By capital raised it ranks among the largest (ahead of 99% 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
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$1.3B$2.5B$3.8B$5.0BSeed · 2009-11-01 Raised $3.1M (real) Modeled valuation $59M (est)$3.1M$59MSeed2009Series A · 2009-11-02 Raised $4.2M (real) Modeled valuation $64M (est)$4.2M$64MSeries A2009Series D+ · 2010-09-08 Raised $194M (real) Modeled valuation $3.3B (est)$194M$3.3BSeries D+2010Series D+ · 2010-09-08 Raised $258M (real) Modeled valuation $4.5B (est)$258M$4.5BSeries D+2010Series D+ · 2010-11-24 Raised $5.0M (real) Modeled valuation $86M (est)$5.0M$86MSeries D+2010Series D+ · 2010-11-24 Raised $10M (real) Modeled valuation $178M (est)$10M$178MSeries D+2010+$4.2M+$194M+$258M+$5.0M+$10MCumulative $474M

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$3.1M · 2009
Series A$4.2M · 2009
Series D+$193.5M · 2010no Series B / Series C on file
Series D+ extension$258.1M · 2010
Series D+ extension$5.0M · 2010
Series D+ extension$10.3M · 2010

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Series B, Series C — 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
$177.8M
Base estimate est.
$58.4M
Conservative case
$389.4M
Upside case
$85.8M
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.

Seed · modeled $58.6M · 2009-11-012009Series A · modeled $63.6M · 2009-11-02Series D+ · modeled $3.3B · 2010-09-08Series D+ · modeled $4.5B · 2010-09-08Series D+ · modeled $86.3M · 2010-11-24Series D+ · modeled $177.8M · 2010-11-242010
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
6.0 yr
Elapsed time used
15.6 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
3 mo
Avg between rounds
$446.5M/yr
Capital velocity
16.7 yr
On record since
2009
First round
6
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) 232× above median
This company$474.3M
Sector median$2.0M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.1× of median
This company$10.3M
Sector median$125.1M
Modeled value — vs sector median (estimate, all stages) 10× above median
This company$177.8M
Sector median$17.7M

Raised more than 99% of sector peers (real $). Modeled value above 88% 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 #89 of 92.

This companyCohort peer
$100.0M$1.0B$10.0B$100.0M$1.0BCapital raised (log)Wizard Parent LLC · Series D+ Raised $378.0M · modeled $6.5B (est)VMP Holding Co II, LLC · Series D+ Raised $369.4M · modeled $6.4B (est)Camp Global Holdings, Llc · Series D+ Raised $361.7M · modeled $6.2B (est)Maple Leaf Foods Inc · Series D+ Raised $352.5M · modeled $6.1B (est)IronCo. LLC · Series D+ Raised $343.2M · modeled $5.9B (est)Twin Metals Minnesota LLC · Series D+ Raised $325.0M · modeled $5.6B (est)S-I IPVF Holdings, LLC · Series D+ Raised $311.3M · modeled $5.4B (est)Lion/Big Catch Cayman L.P. · Series D+ Raised $332.8M · modeled $5.3B (est)FriendFinder Networks Inc. · Series D+ Raised $551.2M · modeled $5.3B (est)Aggregates USA Holdings, LLC · Series D+ Raised $302.0M · modeled $5.2B (est)Manabi S.A. · Series D+ Raised $300.0M · modeled $5.2B (est)Firefox Acquisition Corp. · Series D+ Raised $293.3M · modeled $5.1B (est)North American Gold & Minerals Fund (this company) Raised $474.3M · modeled $177.8M (est)North American Gold & Minerals Fund
CompanyStageRaised · realValue · estvs peer med.
Wizard Parent LLCSeries D+$378.0M$6.5B2.52×
VMP Holding Co II, LLCSeries D+$369.4M$6.4B2.46×
Camp Global Holdings, LlcSeries D+$361.7M$6.2B2.41×
Maple Leaf Foods IncSeries D+$352.5M$6.1B2.35×
IronCo. LLCSeries D+$343.2M$5.9B2.29×
Twin Metals Minnesota LLCSeries D+$325.0M$5.6B2.17×
S-I IPVF Holdings, LLCSeries D+$311.3M$5.4B2.08×
Lion/Big Catch Cayman L.P.Series D+$332.8M$5.3B2.04×
FriendFinder Networks Inc.Series D+$551.2M$5.3B2.03×
Aggregates USA Holdings, LLCSeries D+$302.0M$5.2B2.01×
Manabi S.A.Series D+$300.0M$5.2B2.00×
Firefox Acquisition Corp.Series D+$293.3M$5.1B1.96×
North American Gold & Minerals Fund this companySeries D+$474.3M$177.8M0.07×
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.
Seed$3.1M2009-11-01$15.8M$58.6M90%
Series A$4.2M2009-11-02$19.1M$63.6M90%
Series D+$193.5M2010-09-08$1.6B$3.3B90%
Series D+$258.1M2010-09-08$2.2B$4.5B90%
Series D+$5.0M2010-11-24$41.7M$86.3M90%
Series D+$10.3M2010-11-24$85.8M$177.8M90%
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. Seed$3.1M2009-11-01
    • First recorded raise — entered as Seed.
  2. Series A$4.2M2009-11-02
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.3× larger than the prior — scaling up.
  3. Series D+$193.5M2010-09-08
    • Raised 10 mo later, in step with the ~11 mo sector norm.
    • Round 46.1× larger than the prior — scaling up.
  4. Series D+$258.1M2010-09-08
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.3× larger than the prior — scaling up.
  5. Series D+$5.0M2010-11-24
    • Came back fast: 3 mo vs the ~11 mo sector norm.
    • Round 51.6× smaller than the prior — bridge or down round.
  6. Series D+$10.3M2010-11-24
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.1× larger than the prior — scaling up.
Intelligence
2011 ~Q1
Modeled next raise · ~3mo cadence
$21.2M
Modeled next size est.range $13.8M$33.9M
2.1×
Last step-up
$446.5M/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
Ronald Yadin Lowenthal2009-11
Registry & provenance

North American Gold & Minerals Fund 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
1393283
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.

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Global Infrastructure Solutions Inc.OtherSeries D+$182.0M$188.5Msame sector · same stage
Zero Mass Water, Inc.OtherSeries D+$181.3M$166.9Msame sector · same stage
Momentum Superior Holdings, Inc.OtherSeries D+$158.4M$172.6Msame sector · same stage
Axe Topco, Inc.OtherGrowth/Late$498.0M$193.9Msame sector
USASF Holdco LLCOtherSeries D+$115.0M$172.6Msame sector · same stage
American Heritage International Inc.OtherGrowth/Late$1.0B$186.0Msame sector
Decision Sciences International CorpOtherSeries B$177.6M$172.4Msame sector
Viome, Inc.OtherSeries C$161.5M$191.7Msame sector
Frequently asked
How much funding has North American Gold & Minerals Fund raised?
North American Gold & Minerals Fund has raised approximately $474.3M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is North American Gold & Minerals Fund's estimated valuation?
Provath's modeled valuation for North American Gold & Minerals Fund is approximately $177.8M (modeled range $58.4M–$389.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is North American Gold & Minerals Fund at?
North American Gold & Minerals Fund's latest modeled financing stage is Series D+. Its most recent recorded round closed around Wed Nov 24.
What does North American Gold & Minerals Fund do and where is it based?
North American Gold & Minerals Fund operates in the Other sector, based in LAS VEGAS.
Explore related

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