Companies · Manufacturing

WaveAerospace, Inc.

OLD GREENWICH · Manufacturing

Diligence memoA one-page analyst read on WaveAerospace, Inc. — recommendation, valuation, rhythm, risks.
$4.2M
Total raised · real
1
Rounds
4.2×
Latest step-up
Top 37%
Sector rank · raised
Series A
Latest stage · inferred · Wed Aug 09 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

WaveAerospace, Inc. looks fair against its niche peers and is at-risk on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the manufacturing sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 0.71× the median modeled value of Series A Manufacturing companies in 2022–2024 (114 peers) — value vs value, same stage and era.
  • Within the normal band (71% of peer median) for its niche.
At-risk
  • Last raise 2.9 yr ago; this sector typically re-raises about every 12 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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 Manufacturing

WaveAerospace, Inc. is one of 3256 Manufacturing companies tracked from OLD GREENWICH. By capital raised it ranks mid-pack (ahead of 64% of sector peers), and mid-pack 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
2
Investors (latest)
2022
Year incorporated
2023-08-09
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$13M$25M$38M$50MSeed · 2023-08-09 Raised $3.1M (real) Modeled valuation $15M (est)$3.1M$15MSeed2023Pre-Seed · 2023-08-09 Raised $1.0M (real) Modeled valuation $4.9M (est)$1.0M$4.9MPre-Seed2023Series A · 2023-08-09 Raised $4.2M (real) Modeled valuation $21M (est)$4.2M$21MSeries A2023+$1.0M+$4.2MCumulative $8.3M

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
Seed$3.1M · 2023
Bridge · Seed-stage$1.0M · 2023smaller follow-on
Series A$4.2M · 2023

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$20.7M
Base estimate est.
$5.8M
Conservative case
$55.0M
Upside case
$19.1M
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 manufacturing sector profile. Directional, not a quoted figure.

Seed · modeled $15.0M · 2023-08-092023Pre-Seed · modeled $4.9M · 2023-08-09Series A · modeled $20.7M · 2023-08-092023
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
56%
Survival probability
31% low · 77% high
1.26×/yr
Annual markup
1.58×/yr upside case
2.9 yr
Elapsed time used
2.9 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
2.9 yr
On record since
2023
First round
3
Rounds on file
How it compares to the market

Benchmarked against 3256 companies in Manufacturing. 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) 2.1× above median
This company$4.2M
Sector median$2.0M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.8× of median
This company$4.2M
Sector median$5.3M
Modeled value — vs sector median (estimate, all stages) 1.7× above median
This company$20.7M
Sector median$12.0M

Raised more than 64% of sector peers (real $). Modeled value above 65% 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 #84 of 114.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Whitehorse Timber Ventures SPC · Series A Raised $13.8M · modeled $95.9M (est)Camden Timbers Holdings, LLC · Series A Raised $13.0M · modeled $85.4M (est)RST Brands, LLC · Series A Raised $15.0M · modeled $84.5M (est)Plantd, Inc. · Series A Raised $13.6M · modeled $77.1M (est)Sanford Aluminum Group, LLC · Series A Raised $11.0M · modeled $72.8M (est)Decked, L.L.C. · Series A Raised $12.4M · modeled $65.3M (est)Mustang Motor Holdings, LLC · Series A Raised $9.2M · modeled $62.3M (est)LiftWave, Inc. · Series A Raised $21.7M · modeled $60.7M (est)SUN METALON Inc. · Series A Raised $9.6M · modeled $58.9M (est)MSolar Manufacturing, LLC · Series A Raised $16.0M · modeled $58.8M (est)American Battery Factory Inc. · Series A Raised $11.7M · modeled $57.9M (est)Agbanga Karite, Inc. · Series A Raised $9.6M · modeled $56.8M (est)WaveAerospace, Inc. (this company) Raised $4.2M · modeled $20.7M (est)WaveAerospace, Inc.
CompanyStageRaised · realValue · estvs peer med.
Whitehorse Timber Ventures SPCSeries A$13.8M$95.9M3.29×
Camden Timbers Holdings, LLCSeries A$13.0M$85.4M2.93×
RST Brands, LLCSeries A$15.0M$84.5M2.90×
Plantd, Inc.Series A$13.6M$77.1M2.65×
Sanford Aluminum Group, LLCSeries A$11.0M$72.8M2.50×
Decked, L.L.C.Series A$12.4M$65.3M2.24×
Mustang Motor Holdings, LLCSeries A$9.2M$62.3M2.14×
LiftWave, Inc.Series A$21.7M$60.7M2.09×
SUN METALON Inc.Series A$9.6M$58.9M2.02×
MSolar Manufacturing, LLCSeries A$16.0M$58.8M2.02×
American Battery Factory Inc.Series A$11.7M$57.9M1.99×
Agbanga Karite, Inc.Series A$9.6M$56.8M1.95×
WaveAerospace, Inc. this companySeries A$4.2M$20.7M0.71×
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.
Seed$3.1M2023-08-09$15.5M$15.0M90%
Pre-Seed$1.0M2023-08-09$5.6M$4.9M90%
Series A$4.2M2023-08-09$19.1M$20.7M90%
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. Seed$3.1M2023-08-09
    • First recorded raise — entered as Seed.
    • 1 investor on this round.
  2. Pre-Seed$1.0M2023-08-09
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.1× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  3. Series A$4.2M2023-08-09
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 4.2× larger than the prior — scaling up.
    • 2 investors on this round.
Intelligence
Modeled next raise
$12.6M
Modeled next size est.range $8.2M$20.2M
4.2×
Last step-up
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
Mark Strauss2023-08
Steven Bofill2023-08
Registry & provenance

WaveAerospace, 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
1990160
SEC CIK
2022
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
Wicked Sheets, LLCManufacturingSeries A$4.2M$17.8Msame sector · same stage
Haus.me IncManufacturingSeries A$4.3M$26.4Msame sector · same stage
WFF, Inc.ManufacturingSeries A$4.4M$19.6Msame sector · same stage
Green Valley Products LLCManufacturingSeries A$4.4M$24.3Msame sector · same stage
Eagle Creek Bicycles LLCManufacturingSeries A$4.5M$17.0Msame sector · same stage
Briggs Health Solutions, Inc.ManufacturingSeries A$5.0M$18.2Msame sector · same stage
China Qianxiangdi Investment LtdManufacturingSeries A$5.0M$18.5Msame sector · same stage
China shengtong industrial co., LtdManufacturingSeries A$5.0M$18.5Msame 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
Tidal Flight, Inc.ManufacturingSeed$8.7M82%
Optical Structures IncManufacturingPre-Seed$15.2M82%
Vanguard Scientific Systems, Inc.ManufacturingSeed$32.5M82%
Lake Air Products, LLCManufacturingSeries A$104.9M82%
Summer Hawk Optics, Inc.ManufacturingSeed$843K81%
Engineered Propulsion Systems, Inc.ManufacturingSeries A$20.0M81%
Specified Air Solutions Holdings, LLCManufacturingSeed$3.0M81%
AeroVironment IncManufacturingSeries D+$1.2B81%
Frequently asked
How much funding has WaveAerospace, Inc. raised?
WaveAerospace, Inc. has raised approximately $4.2M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is WaveAerospace, Inc.'s estimated valuation?
Provath's modeled valuation for WaveAerospace, Inc. is approximately $20.7M (modeled range $5.8M–$55.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is WaveAerospace, Inc. at?
WaveAerospace, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Wed Aug 09.
What does WaveAerospace, Inc. do and where is it based?
WaveAerospace, Inc. operates in the Manufacturing sector, based in OLD GREENWICH.
Explore related

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