Private Market View

Armada (Commercial Products)

Other Commercial Products · San Francisco, CA · Founded 2022 · Privately Held (backing)

PA Mark · $/share
$11
Sep 2026
Implied valuation
$2.3B
Total raised
$226.0M
Last round
Early Stage VC (Series B)
May 2026

Capitalization table

5 share classes, by liquidation seniority
ClassLiq. prefIssue price
Seed
Series A
Series B
Series B-1
Series B-2
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Reading Armada (Commercial Products)'s cap table

Share classes are listed senior-first: in a sale or liquidation, higher-seniority preferred stock is paid its liquidation preference before junior classes and common see proceeds. A participating class takes its preference and shares in the remainder; a non-participating class chooses one or the other.

The original issue price is what investors paid per share in that class’s round — read against current secondary prices, it shows which investors are above or below water.

Frequently asked

How many share classes does Armada (Commercial Products) have?
Armada (Commercial Products) has 5 recorded share classes, listed by liquidation seniority — Seed is the most senior.
How many shares has Armada (Commercial Products) authorized?
Across its 5 recorded classes, Armada (Commercial Products) has authorized 66,731,525 shares.
Where does Armada (Commercial Products)'s cap table come from?
Share classes are assembled from certificates of incorporation, priced-round filings, and disclosures across Armada (Commercial Products)'s 6 recorded funding rounds.