Private Market View

Fourth State

Ann Arbor, MI · Founded 2022 · Privately Held (backing)

Last price · $/share
Implied valuation
Total raised
$130K
Last round

Key facts

  • It has raised $130K; the latest was Angel (individual) ($130K) in Nov 2025.
  • Notable investors include United States Department of Agriculture, U.S. Environmental Protection Agency.
  • Status: Privately Held (backing).
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Funding rounds

No rounds on record

No funding rounds for Fourth State are on record yet — either the company hasn't raised institutional capital, or the raise hasn't surfaced in our sources.

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About Fourth State

Developer of a plasma reactor designed to destroy PFAS and remove heavy metals in landfill leachate and other wastewater. The company offers a plasma reactor that treats landfill leachate, extracting rate constants for PFAS destruction, which will be used to inform the scale-up from the laboratory batch reactor to a scalable continuous flow reactor amenable to commercialization, thereby helping clients address the issue of PFAS treatment in complex water matrices.

Sector
Business Products and Services (B2B)
HQ
Ann Arbor, MI, United States
Founded
2022
Employees
3
Ownership
Privately Held (backing)
PA Mark — not yet priced

Fourth State doesn't have a composite mark yet — a PA Mark is published once enough pricing inputs exist (trade prints, fund marks, round prices). The rest of the record below builds toward it.

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Recorded secondary trades

No prints on record

No secondary trades in Fourth State shares have been recorded yet. When a print lands — third-party, direct report, or platform — it appears here with structure, source, and price.

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Institutional fund marks

No fund marks yet

No SEC-registered fund has reported a fair-value mark on Fourth State in its N-PORT filings yet. We sweep new filings monthly.

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