Diligence memo · auto-generated · as of July 2, 2026
Superstate Inc.
Superstate Inc. looks over-valued against its niche peers and is active on financing cadence.
Businessfiled
Superstate Inc. operates in Other, based in NEW YORK.
Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Superstate Inc. has raised $95M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $78M on 2026-01-09.
Most recent recorded round closed around 2026-01-09.
Valuation (modeled)modeled
Provath models Superstate Inc. at approximately $443M (range $300M–$545M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.64× the median modeled value of Series C Other companies in 2025–2027 (74 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 16 months.
Last raise 6 mo ago; this sector typically re-raises about every 11 months.
Raising on or ahead of the sector's normal rhythm.
The last round stepped up 5.5× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 96% of Other peers (25008 compared).
Modeled value ranks above 94% of those peers.
Closest niche peers: Premium Packaged Products LLC, Hoagie Investor Holdings, LLC, Sunset At El Paso Llc, Orion Street Capital LLC, Mozella Capital Inc..
Peoplefiled
6 named people on file across officers, directors and signatories.
Risks & flagsmixed
Modeled above niche peers — valuation risk on entry.
Broad sector classification weakens peer comparison.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.