Companies · Other

Old Salt Co-op LLC

HELENA · Other

Diligence memoA one-page analyst read on Old Salt Co-op LLC — recommendation, valuation, rhythm, risks.
$3.9M
Total raised · real
1
Rounds
4.5×
Latest step-up
Top 40%
Sector rank · raised
Seed
Latest stage · inferred · Tue Jul 12 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Old Salt Co-op LLC 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 3.01× the median modeled value of Seed Other companies in 2022–2024 (1231 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.0 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.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Old Salt Co-op LLC 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
4.0 yr record
Peak capital year was 2022 with $9.6M across 4 filings.
Market position
ahead of 61% of Other peers
Capital scale is ahead of 61% of Other peers; modeled value is above 65% 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
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
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 2022: $9.6M across 4 filings.
  • Largest single filing was $3.9M on 2022-07-12.
  • Filing rows sum to $9.6M, while canonical raised total is $3.9M; 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.
  • 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 Other

Old Salt Co-op LLC is one of 25015 Other companies tracked from HELENA. By capital raised it ranks mid-pack (ahead of 61% 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
$0–$1M
Issuer revenue
Rule 506(b)
Reg D exemption
31
Investors (latest)
2022
Year incorporated
2022-07-12
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
$0$13M$25M$38M$50MSeed · 2022-07-12 Raised $2.7M (real) Modeled valuation $24M (est)$2.7M$24MSeed2022Seed · 2022-07-12 Raised $2.2M (real) Modeled valuation $19M (est)$2.2M$19MSeed2022Pre-Seed · 2022-07-12 Raised $855K (real) Modeled valuation $8.1M (est)$855K$8.1MPre-Seed2022Seed · 2022-07-12 Raised $3.9M (real) Modeled valuation $34M (est)$3.9M$34MSeed2022+$2.2M+$855K+$3.9MCumulative $9.6M

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$2.7M · 2022
Seed extension$2.2M · 2022
Bridge · Seed-stage$855K · 2022smaller follow-on
Seed extension$3.9M · 2022

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$34.0M
Base estimate est.
$3.5M
Conservative case
$154.0M
Upside case
$19.4M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Seed · modeled $23.8M · 2022-07-122022Seed · modeled $19.0M · 2022-07-12Pre-Seed · modeled $8.1M · 2022-07-12Seed · modeled $34.0M · 2022-07-122022
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
40%
Survival probability
18% low · 62% high
1.45×/yr
Annual markup
1.90×/yr upside case
4.0 yr
Elapsed time used
4.0 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
4.0 yr
On record since
2022
First round
4
Rounds on file
How it compares to the market

Benchmarked against 25015 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) 1.9× above median
This company$3.9M
Sector median$2.0M
Latest round — vs other Seed rounds in sector (real $, this stage) 2.2× above median
This company$3.9M
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 1.9× above median
This company$34.0M
Sector median$17.7M

Raised more than 61% of sector peers (real $). Modeled value above 65% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) 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 #28 of 1,231.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0MCapital raised (log)Dropee Inc. · Seed Raised $3.9M · modeled $40.7M (est)NFH Northern Project Development, LLC · Seed Raised $4.0M · modeled $40.7M (est)FactorFund-Note-2022 LLC · Seed Raised $4.0M · modeled $40.1M (est)Immersion Elements LLC · Seed Raised $3.8M · modeled $40.0M (est)Possip, Inc. · Seed Raised $5.8M · modeled $39.7M (est)Porch Group, Inc. · Seed Raised $6.0M · modeled $38.8M (est)Rootwurks, Inc. · Seed Raised $3.9M · modeled $38.7M (est)Cordelia Capital Holdings Inc. · Seed Raised $3.9M · modeled $38.4M (est)99 Counties, Inc. · Seed Raised $3.7M · modeled $38.1M (est)2910 Richmond Hill 1 LLC · Seed Raised $3.8M · modeled $37.5M (est)BH Polycor Holding Inc. · Seed Raised $3.9M · modeled $37.0M (est)FitJoy, Inc. · Seed Raised $3.7M · modeled $36.9M (est)Old Salt Co-op LLC (this company) Raised $3.9M · modeled $34.0M (est)Old Salt Co-op LLC
CompanyStageRaised · realValue · estvs peer med.
Dropee Inc.Seed$3.9M$40.7M3.61×
NFH Northern Project Development, LLCSeed$4.0M$40.7M3.61×
FactorFund-Note-2022 LLCSeed$4.0M$40.1M3.56×
Immersion Elements LLCSeed$3.8M$40.0M3.55×
Possip, Inc.Seed$5.8M$39.7M3.52×
Porch Group, Inc.Seed$6.0M$38.8M3.45×
Rootwurks, Inc.Seed$3.9M$38.7M3.44×
Cordelia Capital Holdings Inc.Seed$3.9M$38.4M3.41×
99 Counties, Inc.Seed$3.7M$38.1M3.38×
2910 Richmond Hill 1 LLCSeed$3.8M$37.5M3.33×
BH Polycor Holding Inc.Seed$3.9M$37.0M3.28×
FitJoy, Inc.Seed$3.7M$36.9M3.28×
Old Salt Co-op LLC this companySeed$3.9M$34.0M3.01×
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$2.7M2022-07-12$13.6M$23.8M90%
Seed$2.2M2022-07-12$10.9M$19.0M90%
Pre-Seed$855K2022-07-12$4.8M$8.1M90%
Seed$3.9M2022-07-12$19.4M$34.0M90%
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$2.7M2022-07-12
    • First recorded raise — entered as Seed.
    • 28 investors on this round.
  2. Seed$2.2M2022-07-12
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • Revenue band moved $1M–$5M → $0–$1M.
    • 22 investors on this round.
  3. Pre-Seed$855K2022-07-12
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.5× smaller than the prior — bridge or down round.
    • 8 investors on this round.
  4. Seed$3.9M2022-07-12
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 4.5× larger than the prior — scaling up.
    • Revenue band moved $0–$1M → $1M–$5M.
    • 31 investors on this round.
Intelligence
Modeled next raise
$11.6M
Modeled next size est.range $7.6M$18.6M
4.5×
Last step-up
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
Chris Carparelli2022-07
Cole Mannix2022-07
Jeremy Nadison2022-07
Registry & provenance

Old Salt Co-op LLC 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
1943019
SEC CIK
2022
Incorporated
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
Paragon Flavors, Inc.OtherSeed$3.9M$34.1Msame sector · same stage
LoanWell, Inc.OtherSeed$3.9M$32.7Msame sector · same stage
N4XT Experiences incOtherSeed$3.9M$33.7Msame sector · same stage
FC Partners US, LLCOtherSeed$3.9M$35.0Msame sector · same stage
Signal Hound Holdings, LLCOtherSeed$3.8M$35.3Msame sector · same stage
High On Broadway Ltd Liability CoOtherSeed$4.0M$32.7Msame sector · same stage
BPN Group, Inc.OtherSeed$3.8M$35.2Msame sector · same stage
Nickels Inc.OtherSeed$4.0M$34.7Msame sector · same stage
Semantically similar

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.

CompanySectorStageValue · estMatch
Blue Hill Co-op, Inc.OtherPre-Seed$13.9M80%
Andel Co-op, Inc.OtherSeed$9.9M80%
Salt Athletic, Inc.Sports & FitnessPre-Seed$3.0M79%
Old Harbour Partners LLCOtherPre-Seed$14.4M78%
Northwest Cotton Growers Co Op IncOtherSeed$46.5M77%
Saltwater Investment Company, LLCOtherSeries A$24.7M76%
OVF/Salt & Straw, LLCOtherSeed$43.2M76%
SALT Insure IncOtherSeed$7.6M76%
Frequently asked
How much funding has Old Salt Co-op LLC raised?
Old Salt Co-op LLC has raised approximately $3.9M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Old Salt Co-op LLC's estimated valuation?
Provath's modeled valuation for Old Salt Co-op LLC is approximately $34.0M (modeled range $3.5M–$154.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Old Salt Co-op LLC at?
Old Salt Co-op LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Tue Jul 12.
What does Old Salt Co-op LLC do and where is it based?
Old Salt Co-op LLC operates in the Other sector, based in HELENA.
Explore related

See where Old Salt Co-op LLC sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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