Diligence memo · auto-generated · as of July 2, 2026
OnState Communications Corp
OnState Communications Corp looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
OnState Communications Corp operates in Other, based in LINCOLN.
Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
OnState Communications Corp has raised $10M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $5.5M on 2009-03-17.
Most recent recorded round closed around 2009-03-17.
Valuation (modeled)modeled
Provath models OnState Communications Corp at approximately $83M (range $7.5M–$454M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.85× the median modeled value of Series A Other companies in 2007–2009 (168 peers) — value vs value, same stage and era. Within the normal band (85% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 17.3 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round was 1.2× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 78% of Other peers (25015 compared).
Modeled value ranks above 81% of those peers.
Closest niche peers: Osiris Holdings, LLC, C3 Acquisition Co. LLC, NARS Holding Company, Inc., LBC Western, Inc., Grid Net Inc.
Peoplefiled
3 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Broad sector classification weakens peer comparison.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.