Diligence memo · auto-generated · as of July 2, 2026
TILT Holdings Inc.
TILT Holdings Inc. looks under-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
TILT Holdings Inc. operates in Other, based in Phoenix, CA, USA. Mobile crowdfunding: The easiest way to collect, fundraise, and sell…
Sub-sector tags: Crowdfunding.
Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.
Capital & rounds (filed)filed
TILT Holdings Inc. has raised $102M in disclosed capital across 6 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $53M on 2023-02-15.
Most recent recorded round closed around 2023-05-15.
Valuation (modeled)modeled
Provath models TILT Holdings Inc. at approximately $44M (range $17M–$77M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.08× the median modeled value of Series C Other companies in 2022–2024 (192 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 5 months.
Last raise 3.1 yr ago; this sector typically re-raises about every 11 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round was 11.7× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 96% of Other peers (25015 compared).
Modeled value ranks above 69% of those peers.
Closest niche peers: Wild Type, Inc., Thingy Thing Inc., Intelycare, Inc., CertiK Global Ltd., Ivanhoe Electric Inc..
Peoplefiled
24 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
Broad sector classification weakens peer comparison.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.