DURHAM — Geo Land Solutions, Inc. filed with the SEC this week to disclose an investment of almost $6.3 million of equity funding from 15 investors. The company recently changed its name to ValueBase.
According to the filing, the company is seeking another $1.5 million, but an included note also mentions the remaining amount is “anticipated” to be sold to a current investor “within 30 days.”
Geo Land Solutions was started last year. No other name is associated with the filing. However, the director and executive officer William Jarvis is listed as the “CEO + Founder” of ValueBase, a software tool for property appraisals. According to the ValueBase website, the company uses machine learning to turn around quick property valuations for commercial, residential, and vacant land.
Last month’s 30 Under 30 in Finance included William Jarvis on the list and reported that ValueBase has 11 customers, including local governments in four states. It also states that Sam Altman, founder and CEO of OpenAI, and Nat Friedman, the former Github CEO and Midjourney advisor are among the 15 investors.