Provath · Source

What to source now

A sourced pipeline, not a screener. Every private company in the data is scored on the signals that say move now — entering its sector's re-raise window, modeled below its niche peers, still actively financing — and ranked by conviction. Each pick carries the written reasoning an analyst would put in a note. All figures are filed or transparently modeled; the inputs are on every company page.

40 companies worth sourcing.

  1. 1
    TransparentBusiness, Inc.Priced below peersGrowth/LateOther Technology
    • Modeled $117M — about 98% below the median of its 9 closest same-era peers, a possible mispricing.
    • has just entered the back of its re-raise window — 15 mo since the last of 9 rounds, against a ~13 mo sector cadence.
    • 9 recorded rounds totaling $529M — an established financing history to read cadence from.
    • Last raise 15 mo ago — actively financing.
    Raised $528.8M · realModeled $116.6MDiligence memo →
  2. 2
    Foursquare Labs, Inc.Priced below peersSeries CSoftware / Tech
    • Modeled $28M — about 92% below the median of its 39 closest same-era peers, a possible mispricing.
    • has just entered the back of its re-raise window — 15 mo since the last of 10 rounds, against a ~13 mo sector cadence.
    • 10 recorded rounds totaling $319M — an established financing history to read cadence from.
    • Last raise 15 mo ago — actively financing.
    Raised $319.0M · realModeled $28.2MDiligence memo →
  3. 3
    CHA Northstar Group Holdings, L.P.Priced below peersGrowth/LateOther
    • Modeled $35M — about 99% below the median of its 16 closest same-era peers, a possible mispricing.
    • is right in its sector's re-raise window now — 13 mo since the last of 3 rounds, against a ~11 mo sector cadence.
    • Last raise 13 mo ago — actively financing.
    • 3 recorded rounds totaling $423M — an established financing history to read cadence from.
    Raised $422.7M · realModeled $35.5MDiligence memo →
  4. 4
    Faraday Future Intelligent Electric Inc.Priced below peersGrowth/LateManufacturing
    • Modeled $357M — about 93% below the median of its 6 closest same-era peers, a possible mispricing.
    • is approaching its sector's re-raise window — 10 mo since the last of 4 rounds, against a ~12 mo sector cadence.
    • Last raise 10 mo ago — actively financing.
    • 4 recorded rounds totaling $821M — an established financing history to read cadence from.
    Raised $820.8M · realModeled $357.4MDiligence memo →
  5. 5
    Castle Creek Biosciences, Inc.Priced below peersGrowth/LateBiotechnology
    • Modeled $805M — about 72% below the median of its 5 closest same-era peers, a possible mispricing.
    • has just entered the back of its re-raise window — 16 mo since the last of 6 rounds, against a ~14 mo sector cadence.
    • 6 recorded rounds totaling $840M — an established financing history to read cadence from.
    • Last raise 16 mo ago — actively financing.
    Raised $839.8M · realModeled $804.8MDiligence memo →
  6. 6
    Asset Entities Inc.Priced below peersGrowth/LateOther Technology
    • Modeled $86M — about 98% below the median of its 9 closest same-era peers, a possible mispricing.
    • is approaching its sector's re-raise window — 10 mo since the last of 4 rounds, against a ~13 mo sector cadence.
    • Last raise 10 mo ago — actively financing.
    • 4 recorded rounds totaling $760M — an established financing history to read cadence from.
    Raised $760.1M · realModeled $85.6MDiligence memo →
  7. 7
    Pollen, Inc.Priced below peersSeries D+AI / ML
    • Modeled $310M — about 77% below the median of its 8 closest same-era peers, a possible mispricing.
    • has just entered the back of its re-raise window — 15 mo since the last of 10 rounds, against a ~11 mo sector cadence.
    • 10 recorded rounds totaling $447M — an established financing history to read cadence from.
    • Last raise 15 mo ago — actively financing.
    Raised $447.0M · realModeled $310.5MDiligence memo →
  8. 8
    Outset Medical, Inc.Priced below peersSeries D+Healthtech
    • Modeled $36M — about 95% below the median of its 9 closest same-era peers, a possible mispricing.
    • has just entered the back of its re-raise window — 18 mo since the last of 7 rounds, against a ~14 mo sector cadence.
    • 7 recorded rounds totaling $395M — an established financing history to read cadence from.
    • Last raise 18 mo ago — actively financing.
    Raised $395.4M · realModeled $36.2MDiligence memo →
  9. 9
    Opentrons Labworks Inc.Priced below peersSeries D+Other
    • Modeled $156M — about 84% below the median of its 50 closest same-era peers, a possible mispricing.
    • Last raise 7 mo ago — actively financing.
    • is approaching its sector's re-raise window — 7 mo since the last of 8 rounds, against a ~11 mo sector cadence.
    • 8 recorded rounds totaling $303M — an established financing history to read cadence from.
    Raised $303.4M · realModeled $156.1MDiligence memo →
  10. 10
    Westrock Coffee CoPriced below peersGrowth/LateManufacturing
    • Modeled $283M — about 94% below the median of its 6 closest same-era peers, a possible mispricing.
    • Last raise 8 mo ago — actively financing.
    • is approaching its sector's re-raise window — 8 mo since the last of 5 rounds, against a ~12 mo sector cadence.
    • 5 recorded rounds totaling $799M — an established financing history to read cadence from.
    Raised $799.5M · realModeled $282.9MDiligence memo →
  11. 11
    Microbot Medical Inc.Priced below peersSeries D+Biotechnology
    • Modeled $186M — about 79% below the median of its 33 closest same-era peers, a possible mispricing.
    • is approaching its sector's re-raise window — 9 mo since the last of 6 rounds, against a ~14 mo sector cadence.
    • 6 recorded rounds totaling $453M — an established financing history to read cadence from.
    • Last raise 9 mo ago — actively financing.
    Raised $452.6M · realModeled $185.8MDiligence memo →
  12. 12
    Recode Therapeutics, Inc.Priced below peersSeries D+Biotechnology
    • Modeled $215M — about 76% below the median of its 33 closest same-era peers, a possible mispricing.
    • is approaching its sector's re-raise window — 9 mo since the last of 4 rounds, against a ~14 mo sector cadence.
    • Last raise 9 mo ago — actively financing.
    • 4 recorded rounds totaling $319M — an established financing history to read cadence from.
    Raised $318.7M · realModeled $215.4MDiligence memo →
  13. 13
    Spire Global, Inc.Due to re-raiseSeries D+Other Technology
    • has just entered the back of its re-raise window — 16 mo since the last of 2 rounds, against a ~13 mo sector cadence.
    • Modeled $386M — about 63% below the median of its 60 closest same-era peers, a possible mispricing.
    • Last raise 16 mo ago — actively financing.
    Raised $285.0M · realModeled $385.7MDiligence memo →
  14. 14
    ICON Technology, Inc.Priced below peersSeries D+Software / Tech
    • Modeled $558M — about 59% below the median of its 22 closest same-era peers, a possible mispricing.
    • has just entered the back of its re-raise window — 17 mo since the last of 6 rounds, against a ~13 mo sector cadence.
    • 6 recorded rounds totaling $475M — an established financing history to read cadence from.
    • Last raise 17 mo ago — actively financing.
    Raised $474.8M · realModeled $558.0MDiligence memo →
  15. 15
    I-Pulse Inc.Due to re-raiseSeries D+Other Technology
    • is approaching its sector's re-raise window — 12 mo since the last of 6 rounds, against a ~13 mo sector cadence.
    • Modeled $641M — about 38% below the median of its 60 closest same-era peers, a possible mispricing.
    • 6 recorded rounds totaling $349M — an established financing history to read cadence from.
    • Last raise 12 mo ago — actively financing.
    Raised $349.4M · realModeled $641.4MDiligence memo →
  16. 16
    OSP Gannett Holdings, LLCPriced below peersSeries D+Other
    • Modeled $9.3M — about 99% below the median of its 50 closest same-era peers, a possible mispricing.
    • Last raise 5 mo ago — actively financing.
    • 15 recorded rounds totaling $751M — an established financing history to read cadence from.
    Raised $750.7M · realModeled $9.3MDiligence memo →
  17. 17
    Payward, Inc.Due to re-raiseSeries D+Crypto / Web3
    • is right in its sector's re-raise window now — 7 mo since the last of 4 rounds, against a ~7 mo sector cadence.
    • Last raise 7 mo ago — actively financing.
    • 4 recorded rounds totaling $703M — an established financing history to read cadence from.
    Raised $703.3M · realModeled $1.8BDiligence memo →
  18. 18
    MHR Acquisitions, Inc.Priced below peersSeries D+Other Technology
    • Modeled $75M — about 93% below the median of its 60 closest same-era peers, a possible mispricing.
    • Last raise 4 mo ago — actively financing.
    • 17 recorded rounds totaling $538M — an established financing history to read cadence from.
    Raised $538.1M · realModeled $74.8MDiligence memo →
  19. 19
    Hockey Parent Holdings, L.P.Priced below peersSeries COther
    • Modeled $9.2M — about 97% below the median of its 76 closest same-era peers, a possible mispricing.
    • Last raise 4 mo ago — actively financing.
    • 41 recorded rounds totaling $391M — an established financing history to read cadence from.
    Raised $390.8M · realModeled $9.2MDiligence memo →
  20. 20
    Stord, Inc.Due to re-raiseSeries D+Other Technology
    • has just entered the back of its re-raise window — 15 mo since the last of 7 rounds, against a ~13 mo sector cadence.
    • Modeled $647M — about 38% below the median of its 60 closest same-era peers, a possible mispricing.
    • 7 recorded rounds totaling $367M — an established financing history to read cadence from.
    • Last raise 15 mo ago — actively financing.
    Raised $366.9M · realModeled $646.7MDiligence memo →
  21. 21
    Apollo Medical Holdings, Inc.Priced below peersSeries D+Healthtech
    • Modeled $11M — about 98% below the median of its 9 closest same-era peers, a possible mispricing.
    • Last raise 8 mo ago — actively financing.
    • 9 recorded rounds totaling $313M — an established financing history to read cadence from.
    Raised $312.8M · realModeled $11.2MDiligence memo →
  22. 22
    Better Choice Co Inc.Priced below peersSeries D+Other
    • Modeled $119M — about 87% below the median of its 50 closest same-era peers, a possible mispricing.
    • Last raise 8 mo ago — actively financing.
    • 14 recorded rounds totaling $280M — an established financing history to read cadence from.
    Raised $280.1M · realModeled $119.1MDiligence memo →
  23. 23
    Trulieve Cannabis Corp.Priced below peersGrowth/LateOther
    • Modeled $127M — about 97% below the median of its 16 closest same-era peers, a possible mispricing.
    • Last raise 5 mo ago — actively financing.
    • 5 recorded rounds totaling $620M — an established financing history to read cadence from.
    Raised $619.8M · realModeled $127.4MDiligence memo →
  24. 24
    Grammarly, Inc.Due to re-raiseGrowth/LateAI / ML
    • is right in its sector's re-raise window now — 11 mo since the last of 5 rounds, against a ~11 mo sector cadence.
    • 5 recorded rounds totaling $1.4B — an established financing history to read cadence from.
    • Last raise 11 mo ago — actively financing.
    Raised $1.4B · realModeled $7.6BDiligence memo →
  25. 25
    Sidewalk Infrastructure Partners, LlcDue to re-raiseSeries D+Climate / Cleantech
    • is right in its sector's re-raise window now — 8 mo since the last of 5 rounds, against a ~9 mo sector cadence.
    • Last raise 8 mo ago — actively financing.
    • 5 recorded rounds totaling $950M — an established financing history to read cadence from.
    Raised $950.0M · realModeled $762.7MDiligence memo →
  26. 26
    reAlpha Tech Corp.Priced below peersGrowth/LateSoftware / Tech
    • Modeled $14M — about 100% below the median of its 6 closest same-era peers, a possible mispricing.
    • Last raise 7 mo ago — actively financing.
    • 4 recorded rounds totaling $413M — an established financing history to read cadence from.
    Raised $413.5M · realModeled $13.6MDiligence memo →
  27. 27
    Lumicell, Inc.Due to re-raiseSeries D+Biotechnology
    • is right in its sector's re-raise window now — 14 mo since the last of 9 rounds, against a ~14 mo sector cadence.
    • 9 recorded rounds totaling $331M — an established financing history to read cadence from.
    • Last raise 14 mo ago — actively financing.
    Raised $331.1M · realModeled $1.7BDiligence memo →
  28. 28
    SVP MVP Holdings, L.P.Priced below peersGrowth/LateOther
    • Modeled $14M — about 100% below the median of its 16 closest same-era peers, a possible mispricing.
    • Last raise 6 mo ago — actively financing.
    • 3 recorded rounds totaling $2.1B — an established financing history to read cadence from.
    Raised $2.1B · realModeled $13.5MDiligence memo →
  29. 29
    Axonius, Inc.Due to re-raiseSeries D+Other Technology
    • is approaching its sector's re-raise window — 11 mo since the last of 7 rounds, against a ~13 mo sector cadence.
    • 7 recorded rounds totaling $571M — an established financing history to read cadence from.
    • Modeled $705M — about 32% below the median of its 60 closest same-era peers, a possible mispricing.
    • Last raise 11 mo ago — actively financing.
    Raised $570.5M · realModeled $705.0MDiligence memo →
  30. 30
    Sierra International Network IncDue to re-raiseSeries D+Other Technology
    • is right in its sector's re-raise window now — 14 mo since the last of 6 rounds, against a ~13 mo sector cadence.
    • 6 recorded rounds totaling $408M — an established financing history to read cadence from.
    • Last raise 14 mo ago — actively financing.
    Raised $407.5M · realModeled $960.1MDiligence memo →
  31. 31
    Delfi Diagnostics, Inc.Priced below peersSeries D+Biotechnology
    • Modeled $236M — about 73% below the median of its 33 closest same-era peers, a possible mispricing.
    • Last raise 7 mo ago — actively financing.
    • 4 recorded rounds totaling $366M — an established financing history to read cadence from.
    Raised $365.9M · realModeled $235.9MDiligence memo →
  32. 32
    Bae Systems Plc /Fi/Priced below peersSeries CSoftware / Tech
    • Modeled $10M — about 97% below the median of its 39 closest same-era peers, a possible mispricing.
    • 31 recorded rounds totaling $1.2B — an established financing history to read cadence from.
    • Last raise 10 mo ago — actively financing.
    Raised $1.2B · realModeled $10.3MDiligence memo →
  33. 33
    ServiceNow, Inc.Due to re-raiseSeries D+Other Technology
    • is right in its sector's re-raise window now — 13 mo since the last of 4 rounds, against a ~13 mo sector cadence.
    • Last raise 13 mo ago — actively financing.
    • 4 recorded rounds totaling $459M — an established financing history to read cadence from.
    Raised $459.3M · realModeled $3.6BDiligence memo →
  34. 34
    MedVet Associates, LLCPriced below peersSeries D+Other
    • Modeled $20M — about 98% below the median of its 50 closest same-era peers, a possible mispricing.
    • 36 recorded rounds totaling $368M — an established financing history to read cadence from.
    • Last raise 15 mo ago — actively financing.
    Raised $367.9M · realModeled $20.5MDiligence memo →
  35. 35
    Grove, Inc.Due to re-raiseSeries D+Other
    • is right in its sector's re-raise window now — 12 mo since the last of 5 rounds, against a ~11 mo sector cadence.
    • 5 recorded rounds totaling $309M — an established financing history to read cadence from.
    • Last raise 12 mo ago — actively financing.
    Raised $309.0M · realModeled $1.6BDiligence memo →
  36. 36
    EarLens CorpPriced below peersSeries COther Health Care
    • Modeled $56M — about 75% below the median of its 20 closest same-era peers, a possible mispricing.
    • 13 recorded rounds totaling $287M — an established financing history to read cadence from.
    • Last raise 16 mo ago — actively financing.
    Raised $287.1M · realModeled $55.5MDiligence memo →
  37. 37
    Kindly MD, Inc.Due to re-raiseGrowth/LateHospitals and Physicians
    • is right in its sector's re-raise window now — 12 mo since the last of 4 rounds, against a ~12 mo sector cadence.
    • Last raise 12 mo ago — actively financing.
    • 4 recorded rounds totaling $764M — an established financing history to read cadence from.
    Raised $763.9M · realModeled $531.9MDiligence memo →
  38. 38
    180 Life Sciences Corp.Due to re-raiseGrowth/LateOther
    • is right in its sector's re-raise window now — 11 mo since the last of 4 rounds, against a ~11 mo sector cadence.
    • Last raise 11 mo ago — actively financing.
    • 4 recorded rounds totaling $455M — an established financing history to read cadence from.
    Raised $454.6M · realModeled $4.2BDiligence memo →
  39. 39
    TXSE Group Inc.Due to re-raiseSeries D+Other
    • is right in its sector's re-raise window now — 12 mo since the last of 3 rounds, against a ~11 mo sector cadence.
    • Last raise 12 mo ago — actively financing.
    • 3 recorded rounds totaling $274M — an established financing history to read cadence from.
    Raised $274.0M · realModeled $922.0MDiligence memo →
  40. 40
    Neuralink Corp.Due to re-raiseGrowth/LateBiotechnology
    • is right in its sector's re-raise window now — 13 mo since the last of 5 rounds, against a ~14 mo sector cadence.
    • 5 recorded rounds totaling $1.2B — an established financing history to read cadence from.
    • Last raise 13 mo ago — actively financing.
    Raised $1.2B · realModeled $6.4BDiligence memo →