Diligence memo · auto-generated · as of July 2, 2026
Springstar Inc.
Springstar Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Springstar Inc. operates in Manufacturing, based in WOODINVILLE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Springstar Inc. has raised $4.0M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $3.0M on 2017-07-01.
Most recent recorded round closed around 2017-07-01.
Valuation (modeled)modeled
Provath models Springstar Inc. at approximately $37M (range $2.8M–$289M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.01× the median modeled value of Seed Manufacturing companies in 2016–2018 (141 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 72 months.
Last raise 9.0 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 3.0× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 63% of Manufacturing peers (3256 compared).
Modeled value ranks above 75% of those peers.
Closest niche peers: ButterCup Bioplastic, Edelta, Inc., Waterloo Sparkling Water Corp., ProSteel Investment Holdings, LLC, OHI Orthotics, LLC.
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.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.