Companies · Other

Sandspring Resources Ltd.

CENTENNIAL · Other

Diligence memoA one-page analyst read on Sandspring Resources Ltd. — recommendation, valuation, rhythm, risks.
$3.2M
Total raised · real
4
Rounds
2.8×
Latest step-up
Top 43%
Sector rank · raised
Seed
Latest stage · inferred · Fri May 06 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

Sandspring Resources Ltd. 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.

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 0.15× the median modeled value of Seed Other companies in 2016–2018 (1003 peers) — value vs value, same stage and era.
Dormant
  • Last raise 10.2 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 Other

Sandspring Resources Ltd. is one of 25008 Other companies tracked from CENTENNIAL. By capital raised it ranks mid-pack (ahead of 58% of sector peers), and in the long tail 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$13M$25M$38M$50MSeed · 2009-08-14 Raised $2.6M (real) Modeled valuation $49M (est)$2.6M$49MSeed2009Seed · 2010-10-14 Raised $199K (real) Modeled valuation $3.7M (est)$199K$3.7MSeed2010Seed · 2014-10-07 Raised $100K (real) Modeled valuation $1.9M (est)$100K$1.9MSeed2014Seed · 2016-05-06 Raised $282K (real) Modeled valuation $5.2M (est)$282K$5.2MSeed2016+$199K+$100K+$282KCumulative $3.2M

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$2.6M · 2009
Seed extension$199K · 2010
Seed extension$100K · 2014
Seed extension$282K · 2016

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: 50%.

Modeled valuation trajectory
$5.2M
Base estimate est.
$254K
Conservative case
$41.2M
Upside case
$1.4M
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 $49.3M · 2009-08-142009Seed · modeled $3.7M · 2010-10-14Seed · modeled $1.9M · 2014-10-07Seed · modeled $5.2M · 2016-05-062016
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
6.0 yr
Elapsed time used
10.2 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
27 mo
Avg between rounds
$480K/yr
Capital velocity
16.9 yr
On record since
2009
First round
4
Rounds on file
How it compares to the market

Benchmarked against 25008 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) 1.6× above median
This company$3.2M
Sector median$2.0M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.2× of median
This company$282K
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$5.2M
Sector median$17.7M

Raised more than 58% of sector peers (real $). Modeled value above 26% 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 #965 of 1,003.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)Capture2, Inc. · Seed Raised $4.0M · modeled $74.4M (est)Alliance Time Holdings, LLC · Seed Raised $4.0M · modeled $74.4M (est)Nithio Holdings, Inc. · Seed Raised $4.0M · modeled $74.4M (est)Springfield Hockey, LLC · Seed Raised $4.0M · modeled $74.4M (est)Zooba Eats, Inc. · Seed Raised $4.0M · modeled $74.4M (est)EQX Capital, Inc. · Seed Raised $4.0M · modeled $74.4M (est)Chooze, Corp. · Seed Raised $4.0M · modeled $74.4M (est)Spring Hill Development Partners, LLC · Seed Raised $8.0M · modeled $74.4M (est)Equisphere Corp. · Seed Raised $4.0M · modeled $74.4M (est)OHCP Northeastern Fiber Buyer Holdco, L.P. · Seed Raised $4.0M · modeled $74.4M (est)Ontimeworks, Inc. · Seed Raised $6.0M · modeled $74.4M (est)Polybio Capital, L.P. · Seed Raised $4.0M · modeled $74.4M (est)Sandspring Resources Ltd. (this company) Raised $3.2M · modeled $5.2M (est)Sandspring Resources Ltd.
CompanyStageRaised · realValue · estvs peer med.
Capture2, Inc.Seed$4.0M$74.4M2.16×
Alliance Time Holdings, LLCSeed$4.0M$74.4M2.16×
Nithio Holdings, Inc.Seed$4.0M$74.4M2.16×
Springfield Hockey, LLCSeed$4.0M$74.4M2.16×
Zooba Eats, Inc.Seed$4.0M$74.4M2.16×
EQX Capital, Inc.Seed$4.0M$74.4M2.16×
Chooze, Corp.Seed$4.0M$74.4M2.16×
Spring Hill Development Partners, LLCSeed$8.0M$74.4M2.16×
Equisphere Corp.Seed$4.0M$74.4M2.16×
OHCP Northeastern Fiber Buyer Holdco, L.P.Seed$4.0M$74.4M2.16×
Ontimeworks, Inc.Seed$6.0M$74.4M2.16×
Polybio Capital, L.P.Seed$4.0M$74.4M2.16×
Sandspring Resources Ltd. this companySeed$3.2M$5.2M0.15×
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$2.6M2009-08-14$13.2M$49.3M90%
Seed$199K2010-10-14$996K$3.7M90%
Seed$100K2014-10-07$502K$1.9M90%
Seed$282K2016-05-06$1.4M$5.2M90%
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$2.6M2009-08-14
    • First recorded raise — entered as Seed.
  2. Seed$199K2010-10-14
    • Raised 14 mo later, in step with the ~11 mo sector norm.
    • Round 13.3× smaller than the prior — bridge or down round.
  3. Seed$100K2014-10-07
    • Raised again after 48 mo — slower than the ~11 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
  4. Seed$282K2016-05-06
    • Raised again after 19 mo — slower than the ~11 mo sector norm.
    • Round 2.8× larger than the prior — scaling up.
Intelligence
2018 ~Q3
Modeled next raise · ~27mo cadence
$793K
Modeled next size est.range $516K$1.3M
2.8×
Last step-up
$480K/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
John Adams5 other2014-10
Mark C. Maier1 other2010-10
Abraham P. Drost2010-10
Brad L. Doores2010-10
Carmelo A. Marrelli2010-10
Charles Gryba2009-08
David Greg Constable2014-10
David R. Constable2016-05
David R. Laing2016-05
Frank R. Giustra2016-05
George M. Bee2014-10
Gerald W. Grandey2010-10
Harpreet Greg Dhaliwal2016-05
Harry R. Pokrandt2016-05
Joel Schneyer2009-08
John R. Adams2010-10
L. Werner Claessens2014-10
Mark Maier2009-08
P. Greg Barnes2010-10
Richard A. Munson2010-10
Scott L. Issel2014-10
Suresh L. Beharry2014-10
Suresh R. Beharry2016-05
Yani A. Roditis2014-10
Registry & provenance

Sandspring Resources Ltd. 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
1462081
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
Elephant in a Box, Inc.OtherSeed$3.2M$5.1Msame sector · same stage
Peat, Inc.OtherSeed$3.2M$5.5Msame sector · same stage
Crosshair Exploration & Mining CorpOtherSeed$3.2M$5.0Msame sector · same stage
MoviOne, Inc.OtherSeed$3.4M$5.2Msame sector · same stage
Book of Jobs, LLCOtherSeed$3.0M$5.5Msame sector · same stage
Calico Resources Corp.OtherSeed$3.0M$5.2Msame sector · same stage
Roy Hayes Studio, Inc.OtherSeed$3.0M$5.5Msame sector · same stage
Samar Anthony Productions, IncOtherSeed$3.5M$5.0Msame sector · same stage
Frequently asked
How much funding has Sandspring Resources Ltd. raised?
Sandspring Resources Ltd. has raised approximately $3.2M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Sandspring Resources Ltd.'s estimated valuation?
Provath's modeled valuation for Sandspring Resources Ltd. is approximately $5.2M (modeled range $254K–$41.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Sandspring Resources Ltd. at?
Sandspring Resources Ltd.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Fri May 06.
What does Sandspring Resources Ltd. do and where is it based?
Sandspring Resources Ltd. operates in the Other sector, based in CENTENNIAL.
Explore related

See where Sandspring Resources Ltd. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at Sandspring Resources Ltd., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.