Companies · Other Technology

Spark Grills Inc.

BOULDER · Other Technology

Diligence memoA one-page analyst read on Spark Grills Inc. — recommendation, valuation, rhythm, risks.
$26.3M
Total raised · real
5
Rounds
1.0×
Latest step-up
Top 14%
Sector rank · raised
Series A
Latest stage · inferred · Fri Feb 18 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Spark Grills Inc. 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. Valuation uses the technology sector profile.

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 1.97× the median modeled value of Series A Other Technology companies in 2022–2024 (1325 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.4 yr ago; this sector typically re-raises about every 13 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 Technology

Spark Grills Inc. is one of 21292 Other Technology companies tracked from BOULDER. By capital raised it ranks in the upper tier (ahead of 87% of sector peers), and in the upper tier 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
Rule 506(b)
Reg D exemption
11
Investors (latest)
2017
Year incorporated
2022-02-18
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$125M$250M$375M$500MPre-Seed · 2017-06-12 Raised $287K (real) Modeled valuation $12M (est)$287K$12MPre-Seed2017Pre-Seed · 2017-07-01 Raised $200K (real) Modeled valuation $8.5M (est)$200K$8.5MPre-Seed2017Series A · 2019-08-09 Raised $8.8M (real) Modeled valuation $243M (est)$8.8M$243MSeries A2019Series A · 2020-05-12 Raised $3.5M (real) Modeled valuation $97M (est)$3.5M$97MSeries A2020Series A · 2021-04-08 Raised $6.8M (real) Modeled valuation $139M (est)$6.8M$139MSeries A2021Series A · 2022-02-18 Raised $6.9M (real) Modeled valuation $99M (est)$6.9M$99MSeries A2022+$200K+$8.8M+$3.5M+$6.8M+$6.9MCumulative $27M

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
Pre-Seed$287K · 2017
Pre-Seed extension$200K · 2017
Series A$8.8M · 2019no Seed on file
Series A extension$3.5M · 2020
Series A extension$6.8M · 2021
Series A extension$6.9M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$99.1M
Base estimate est.
$9.3M
Conservative case
$369.7M
Upside case
$31.5M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $12.2M · 2017-06-122017Pre-Seed · modeled $8.5M · 2017-07-01Series A · modeled $243.4M · 2019-08-09Series A · modeled $97.1M · 2020-05-12Series A · modeled $139.0M · 2021-04-08Series A · modeled $99.1M · 2022-02-182022
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
54%
Survival probability
29% low · 74% high
1.50×/yr
Annual markup
1.89×/yr upside case
4.4 yr
Elapsed time used
4.4 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$5.6M/yr
Capital velocity
9.1 yr
On record since
2017
First round
6
Rounds on file
How it compares to the market

Benchmarked against 21292 companies in Other Technology. 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) 8.3× above median
This company$26.3M
Sector median$3.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.2× above median
This company$6.9M
Sector median$5.8M
Modeled value — vs sector median (estimate, all stages) 2.7× above median
This company$99.1M
Sector median$37.3M

Raised more than 87% of sector peers (real $). Modeled value above 71% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #199 of 1,325.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Phylum, Inc. · Series A Raised $15.0M · modeled $222.2M (est)Keon Foundation Ltd. · Series A Raised $15.0M · modeled $211.9M (est)Remoteam Inc. · Series A Raised $14.3M · modeled $209.5M (est)MultiSafe, Inc. · Series A Raised $17.3M · modeled $208.6M (est)Careerian Inc. · Series A Raised $20.3M · modeled $203.8M (est)Continu Inc. · Series A Raised $13.5M · modeled $202.4M (est)Devron Corp · Series A Raised $16.8M · modeled $201.5M (est)RISC Zero, Inc. · Series A Raised $14.4M · modeled $199.5M (est)Pentagon Port LLC · Series A Raised $15.0M · modeled $198.7M (est)Amnic Inc. · Series A Raised $14.0M · modeled $198.2M (est)Intensivate Inc · Series A Raised $14.7M · modeled $190.3M (est)Ws Holdco, Pbc · Series A Raised $14.8M · modeled $188.2M (est)Spark Grills Inc. (this company) Raised $26.3M · modeled $99.1M (est)Spark Grills Inc.
CompanyStageRaised · realValue · estvs peer med.
Phylum, Inc.Series A$15.0M$222.2M4.42×
Keon Foundation Ltd.Series A$15.0M$211.9M4.22×
Remoteam Inc.Series A$14.3M$209.5M4.17×
MultiSafe, Inc.Series A$17.3M$208.6M4.15×
Careerian Inc.Series A$20.3M$203.8M4.06×
Continu Inc.Series A$13.5M$202.4M4.03×
Devron CorpSeries A$16.8M$201.5M4.01×
RISC Zero, Inc.Series A$14.4M$199.5M3.97×
Pentagon Port LLCSeries A$15.0M$198.7M3.96×
Amnic Inc.Series A$14.0M$198.2M3.95×
Intensivate IncSeries A$14.7M$190.3M3.79×
Ws Holdco, PbcSeries A$14.8M$188.2M3.75×
Spark Grills Inc. this companySeries A$26.3M$99.1M1.97×
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.
Pre-Seed$287K2017-06-12$1.6M$12.2M90%
Pre-Seed$200K2017-07-01$1.1M$8.5M90%
Series A$8.8M2019-08-09$39.9M$243.4M90%
Series A$3.5M2020-05-12$15.9M$97.1M90%
Series A$6.8M2021-04-08$31.1M$139.0M90%
Series A$6.9M2022-02-18$31.5M$99.1M90%
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. Pre-Seed$287K2017-06-12
    • First recorded raise — entered as Pre-Seed.
    • 3 investors on this round.
  2. Pre-Seed$200K2017-07-01
    • Came back fast: 1 mo vs the ~13 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  3. Series A$8.8M2019-08-09
    • Raised again after 25 mo — slower than the ~13 mo sector norm.
    • Round 43.9× larger than the prior — scaling up.
    • 39 investors on this round.
  4. Series A$3.5M2020-05-12
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round 2.5× smaller than the prior — bridge or down round.
    • 23 investors on this round.
  5. Series A$6.8M2021-04-08
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 36 investors on this round.
  6. Series A$6.9M2022-02-18
    • Raised 10 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 11 investors on this round.
Intelligence
2023 ~Q1
Modeled next raise · ~11mo cadence
$7.0M
Modeled next size est.range $6.9M$11.2M
1.0×
Last step-up
$5.6M/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
Donald Stalter4 other2019-08
David Kalt2 other2022-02
Daniel P. Caruso1 other2022-02
Eric Roza1 other2019-08
Ben West2017-06
Registry & provenance

Spark Grills Inc. 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
1708401
SEC CIK
2017
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
Tractor Zoom, Inc.Other TechnologySeries A$27.1M$102.4Msame sector · same stage
Puzzl Group Inc.Other TechnologySeries A$28.3M$101.0Msame sector · same stage
Airlinq Inc.Other TechnologySeries A$23.2M$101.7Msame sector · same stage
Fifth Asset, Inc.Other TechnologySeries A$23.0M$101.6Msame sector · same stage
Templum, Inc.Other TechnologySeries A$30.7M$101.0Msame sector · same stage
DimensionalMechanics, Inc.Other TechnologySeries A$22.3M$95.2Msame sector · same stage
Nvoicepay, Inc.Other TechnologySeries A$31.9M$97.1Msame sector · same stage
VNN, Inc.Other TechnologySeries A$21.6M$98.3Msame 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
SparkCharge, Inc.Other TechnologySeries B$92.7M89%
Spark Certified Inc.Other TechnologyPre-Seed$8.5M88%
SparkAI Inc.Other TechnologySeries A$106.8M87%
SparkToro, LLCOther TechnologyPre-Seed$25.3M86%
Spark Neuro Inc.Other TechnologySeries A$368.7M86%
Roastertools, Inc.Other TechnologyPre-Seed$10.0M85%
FuelGems Inc.Other TechnologyPre-Seed$1.1M85%
SparkRaiser, Inc.Other TechnologySeed$68.1M85%
Frequently asked
How much funding has Spark Grills Inc. raised?
Spark Grills Inc. has raised approximately $26.3M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Spark Grills Inc.'s estimated valuation?
Provath's modeled valuation for Spark Grills Inc. is approximately $99.1M (modeled range $9.3M–$369.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Spark Grills Inc. at?
Spark Grills Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Feb 18.
What does Spark Grills Inc. do and where is it based?
Spark Grills Inc. operates in the Other Technology sector, based in BOULDER.
Explore related

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

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