Diligence memo · auto-generated · as of July 2, 2026
Republic of Frends, Inc.
Republic of Frends, Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Republic of Frends, Inc. operates in Manufacturing, based in ENCINITAS.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Republic of Frends, Inc. has raised $1.3M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $760K on 2010-07-23.
Most recent recorded round closed around 2011-12-15.
Valuation (modeled)modeled
Provath models Republic of Frends, Inc. at approximately $7.6M (range $340K–$86M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.58× the median modeled value of Pre-Seed Manufacturing companies in 2010–2012 (240 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 17 months.
Last raise 14.5 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round was 1.5× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 41% of Manufacturing peers (3257 compared).
Modeled value ranks above 41% of those peers.
Closest niche peers: Green Folks & MacLeod, Inc., American Nano Silicon Technologies, Inc., Dynamic Turbine Llc, Sajar Plastics, LLC, J.W.D. Machine, Inc..
Peoplefiled
4 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.