Diligence memo · auto-generated · as of July 2, 2026
Project Frog Inc
Project Frog Inc looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Project Frog Inc operates in Manufacturing, based in SAN FRANCISCO.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Project Frog Inc has raised $83M in disclosed capital across 7 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $26M on 2016-07-25.
Most recent recorded round closed around 2018-03-23.
Valuation (modeled)modeled
Provath models Project Frog Inc at approximately $12M (range $2.8M–$46M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.06× the median modeled value of Series B Manufacturing companies in 2016–2018 (37 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 12 months.
Last raise 8.3 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round was 2.1× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 95% of Manufacturing peers (3257 compared).
Modeled value ranks above 50% of those peers.
Closest niche peers: CannaCraft, Inc., Manitex International, Inc., Specialty Liquid Transportation Corp., Amplify Snack Brands, INC, Simms Fishing Products LLC.
Peoplefiled
17 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.