Companies · Environmental Services

Novinda Corp.

DENVER · Environmental Services

Diligence memoA one-page analyst read on Novinda Corp. — recommendation, valuation, rhythm, risks.
$25.4M
Total raised · real
6
Rounds
0.2×
Latest step-up
Top 14%
Sector rank · raised
Series A
Latest stage · inferred · Wed Oct 28 2015 00:00:00 GMT+0000 (Coordinated Universal Time)

Novinda Corp. 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. Valuation uses the climate/enviro 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 0.25× the median modeled value of Series A Environmental Services companies in 2013–2015 (16 peers) — value vs value, same stage and era.
Dormant
  • Last raise 10.7 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 Environmental Services

Novinda Corp. is one of 242 Environmental Services companies tracked from DENVER. By capital raised it ranks in the upper tier (ahead of 87% of sector peers), and mid-pack 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$50M$100M$150M$200MSeed · 2009-06-11 Raised $4.0M (real) Modeled valuation $109M (est)$4.0M$109MSeed2009Seed · 2010-12-09 Raised $2.0M (real) Modeled valuation $54M (est)$2.0M$54MSeed2010Series A · 2011-10-14 Raised $6.0M (real) Modeled valuation $133M (est)$6.0M$133MSeries A2011Series A · 2013-01-23 Raised $5.0M (real) Modeled valuation $110M (est)$5.0M$110MSeries A2013Series A · 2014-12-22 Raised $7.3M (real) Modeled valuation $161M (est)$7.3M$161MSeries A2014Series A · 2015-10-28 Raised $1.1M (real) Modeled valuation $24M (est)$1.1M$24MSeries A2015+$2.0M+$6.0M+$5.0M+$7.3M+$1.1MCumulative $25M

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$4.0M · 2009
Seed extension$2.0M · 2010
Series A$6.0M · 2011
Series A extension$5.0M · 2013
Series A extension$7.3M · 2014
Series A extension$1.1M · 2015

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: 67%.

Modeled valuation trajectory
$24.3M
Base estimate est.
$1.4M
Conservative case
$132.1M
Upside case
$5.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the climate/enviro sector profile. Directional, not a quoted figure.

Seed · modeled $108.5M · 2009-06-112009Seed · modeled $54.3M · 2010-12-09Series A · modeled $132.6M · 2011-10-14Series A · modeled $110.5M · 2013-01-23Series A · modeled $161.0M · 2014-12-22Series A · modeled $24.3M · 2015-10-282015
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
51%
Survival probability
28% low · 69% high
1.46×/yr
Annual markup
1.84×/yr upside case
6.0 yr
Elapsed time used
10.7 yr actual, capped for stale marks
climate/enviro
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
15 mo
Avg between rounds
$4.0M/yr
Capital velocity
17.1 yr
On record since
2009
First round
6
Rounds on file
How it compares to the market

Benchmarked against 242 companies in Environmental Services. 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) 11× above median
This company$25.4M
Sector median$2.3M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.3× of median
This company$1.1M
Sector median$4.2M
Modeled value — vs sector median (estimate, all stages) 1.0× of median
This company$24.3M
Sector median$25.3M

Raised more than 87% of sector peers (real $). Modeled value above 50% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #16 of 16.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Gwtt Holding Company, Llc · Series A Raised $14.9M · modeled $329.7M (est)ProAct Services Corp · Series A Raised $14.3M · modeled $314.8M (est)GreenHunter Resources, Inc. · Series A Raised $20.2M · modeled $287.2M (est)CES Holding Company, Inc. · Series A Raised $12.2M · modeled $268.9M (est)Kurion Inc · Series A Raised $11.3M · modeled $220.9M (est)BCR Environmental Corp · Series A Raised $16.1M · modeled $132.6M (est)IREP-Montgomery MRF, LLC · Series A Raised $5.8M · modeled $128.3M (est)Enviro Clean Group, LLC · Series A Raised $4.5M · modeled $99.4M (est)Preservation Ranch, LLC · Series A Raised $4.4M · modeled $97.2M (est)Reliable One Resources, Inc. · Series A Raised $4.0M · modeled $89.3M (est)Integrated Resource Recovery Inc · Series A Raised $14.7M · modeled $85.1M (est)Devonian Acquisition Corp · Series A Raised $13.8M · modeled $47.1M (est)Novinda Corp. (this company) Raised $25.4M · modeled $24.3M (est)Novinda Corp.
CompanyStageRaised · realValue · estvs peer med.
Gwtt Holding Company, LlcSeries A$14.9M$329.7M3.35×
ProAct Services CorpSeries A$14.3M$314.8M3.20×
GreenHunter Resources, Inc.Series A$20.2M$287.2M2.92×
CES Holding Company, Inc.Series A$12.2M$268.9M2.73×
Kurion IncSeries A$11.3M$220.9M2.25×
BCR Environmental CorpSeries A$16.1M$132.6M1.35×
IREP-Montgomery MRF, LLCSeries A$5.8M$128.3M1.30×
Enviro Clean Group, LLCSeries A$4.5M$99.4M1.01×
Preservation Ranch, LLCSeries A$4.4M$97.2M0.99×
Reliable One Resources, Inc.Series A$4.0M$89.3M0.91×
Integrated Resource Recovery IncSeries A$14.7M$85.1M0.87×
Devonian Acquisition CorpSeries A$13.8M$47.1M0.48×
Novinda Corp. this companySeries A$25.4M$24.3M0.25×
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$4.0M2009-06-11$20.0M$108.5M90%
Seed$2.0M2010-12-09$10.0M$54.3M90%
Series A$6.0M2011-10-14$27.3M$132.6M90%
Series A$5.0M2013-01-23$22.7M$110.5M90%
Series A$7.3M2014-12-22$33.1M$161.0M90%
Series A$1.1M2015-10-28$5.0M$24.3M90%
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. Seed$4.0M2009-06-11
    • First recorded raise — entered as Seed.
  2. Seed$2.0M2010-12-09
    • Raised again after 18 mo — slower than the ~11 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
  3. Series A$6.0M2011-10-14
    • Raised 10 mo later, in step with the ~11 mo sector norm.
    • Round 3.0× larger than the prior — scaling up.
  4. Series A$5.0M2013-01-23
    • Raised 15 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
  5. Series A$7.3M2014-12-22
    • Raised again after 23 mo — slower than the ~11 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
  6. Series A$1.1M2015-10-28
    • Raised 10 mo later, in step with the ~11 mo sector norm.
    • Round 6.6× smaller than the prior — bridge or down round.
Intelligence
2017 ~Q1
Modeled next raise · ~15mo cadence
$1.1M
Modeled next size est.range $1.1M$1.8M
0.2×
Last step-up
$4.0M/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.

PersonRoleAlso runsTied since
Steve Foster5 other2011-10
Dirk McDermott3 other2009-06
Andrew Garman2 other2009-06
Edward Williams2 other2011-10
Andrew J Garman1 other2015-10
Michael J Rosenberg1 other2015-10
Michael Maloney1 other2009-06
Andrew F. Garman2013-01
Andrew P. Garman2010-12
Anthony J. Scalese2015-10
Anthony W. Scalese2014-12
Cory P. Steffek2010-12
Don Evans2011-10
Don P. Evans2010-12
Edward F. Williams2013-01
Hull F. McKinnon2013-01
Hull J. McKinnon2015-10
Jerald W. Darlington2013-01
Jonathan J. Hastings2015-10
Michael P. Maloney2010-12
Russell E. Farmer2010-12
Russ Farmer2009-06
Steve F. Gelman2013-01
Steve Gelman2009-06
Registry & provenance

Novinda Corp. 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
1467051
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
Seal Industries, Inc.Environmental ServicesSeries A$24.9M$329.5Msame sector · same stage
Meridian Waste Solutions, Inc.Environmental ServicesSeries A$22.8M$234.6Msame sector · same stage
3Degrees Group, Inc.Environmental ServicesSeries A$22.7M$42.3Msame sector · same stage
NanoH2O, Inc.Environmental ServicesSeries A$29.9M$328.6Msame sector · same stage
Midwest Energy Emissions Corp.Environmental ServicesSeries A$30.5M$39.8Msame sector · same stage
GreenHunter Resources, Inc.Environmental ServicesSeries A$20.2M$287.2Msame sector · same stage
Phospholutions, Inc.Environmental ServicesSeries A$19.9M$101.6Msame sector · same stage
Blinq Networks, Inc.TelecommunicationsSeries A$27.2M$47.7Mnetwork1 shared operator · same stage
Frequently asked
How much funding has Novinda Corp. raised?
Novinda Corp. has raised approximately $25.4M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Novinda Corp.'s estimated valuation?
Provath's modeled valuation for Novinda Corp. is approximately $24.3M (modeled range $1.4M–$132.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Novinda Corp. at?
Novinda Corp.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Wed Oct 28.
What does Novinda Corp. do and where is it based?
Novinda Corp. operates in the Environmental Services sector, based in DENVER.
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