Diligence memo · auto-generated · as of July 2, 2026
Submersive, Inc.
Submersive, Inc. looks over-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
Submersive, Inc. operates in Other Travel, based in SANTA FE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Submersive, Inc. has raised $500K in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $500K on 2023-09-06.
Most recent recorded round closed around 2023-09-06.
Valuation (modeled)modeled
Provath models Submersive, Inc. at approximately $1.7M (range $297K–$7.4M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.20× the median modeled value of Pre-Seed Other Travel companies in 2022–2024 (8 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 2.8 yr ago; this sector typically re-raises about every 9 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
Comparablesmixed
Capital scale ranks ahead of 23% of Other Travel peers (176 compared).
Modeled value ranks above 20% of those peers.
Closest niche peers: BTD Travel Holding Corp, Outdoor Trip, Inc., Bison World, Inc., Landng Inc., Route Line Co..
Peoplefiled
1 named person on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.