Fundraising FoxPine State
Little Rock, US · Founded 2024 · Delaware limited partnership
Find your way into Pine State
Sign up to see every warm intro you have to Pine State
- Paths you didn't know you had: your email and LinkedIn already hold routes to the Pine State team. We find them for you
- 2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
- Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone
Days of research, done the moment you sign in, with every route ranked by how warm it is.
Pine State Regional Center facilitates EB-5 immigrant investor visa processes by identifying and underwriting commercial and industrial projects for foreign investors seeking to invest in the United States. The firm combines legal, lending, and due diligence expertise with its parent company's 65-year track record in business financing.
Founders & leadership
SW
Sam WallsManaging DirectorSam Walls holds a bachelor's degree in marine biology from the University of New Haven (2023) and has taught marine science at educational institutions including Sea Camp Newfound Harbor Marine Institute and Mystic Aquarium, where he developed curriculum in shark biology and marine ecosystems.
Board
CS
C. Sam Walls, IIIBoard director
LL
Leslie LaneManaging Director
MS
Michael Sean HatchBoard director
RD
Rush DeaconManaging Director
SS
Sebastian StubbeCEO, Pine State Regional Center
Reported raises · per SEC filings
Form D private placements$97.6M disclosed across 5 of 7 rounds · 2019–2024
▶$48.8MraisedDec 2025 · 61 investors · OtherRule 506(b)
▶$48.8MraisedDec 2025 · 61 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Michael Sean HatchDirector
- Rush DeaconDirector
- C. Sam Walls, IIIDirector
- Leslie LaneDirector
- Sebastian StubbeDirector
- Amount sold
- $48.8M
- Minimum investment
- $800K
- Sales commissions
- $1.7M
- Placement agents
- Innovation Partners LLC, Dalmore Group LLC
- First sale
- Dec 2024
- Incorporated
- Limited Partnership, Delaware, 2024
- Federal exemptions
- 06b, 3C, 3C.5
▶$20MraisedJul 2025 · 25 investors · OtherRule 506(b)
▶$20MraisedJul 2025 · 25 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Leslie LaneDirector
- Michael Sean HatchDirector
- Rush DeaconDirector
- C. Sam Walls, IIIDirector
- Sebastian StubbeDirector
- Amount sold
- $20M
- Minimum investment
- $800K
- Sales commissions
- $758.5K
- Placement agents
- Dalmore Group LLC, Sequence Financial Specialists LLC, Innovation Partners LLC
- First sale
- Jul 2024
- Incorporated
- Limited Partnership, Delaware, 2024
- Federal exemptions
- 06b, 3C, 3C.1
▶$24MraisedJun 2024 · 30 investors · OtherRule 506(b)
▶$24MraisedJun 2024 · 30 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Rush DeaconDirector
- C. Sam Walls, IIIDirector
- Sebastian StubbeExecutive Officer, Director
- Amount sold
- $24M
- Minimum investment
- $800K
- Sales commissions
- $372K
- Placement agents
- Dalmore Group LLC, Innovation Partners LLC, Sequence Financial Specialists LLC
- First sale
- Mar 2023
- Incorporated
- Limited Partnership, Delaware, 2022
- Federal exemptions
- 06b
▶$1.6MraisedMar 2024 · 2 investors · OtherRule 506(b)
▶$1.6MraisedMar 2024 · 2 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Sebastian StubbeExecutive Officer, Director
- Rush DeaconDirector
- C. Sam Walls, IIIDirector
- Amount sold
- $1.6M
- Minimum investment
- $800K
- First sale
- Aug 2023
- Incorporated
- Limited Partnership, Delaware, 2023
- Federal exemptions
- 06b
▶$3.2MraisedJun 2022 · 4 investors · OtherRule 506(c)
▶$3.2MraisedJun 2022 · 4 investors · Other
Rule 506(c)Officers, directors & promoters on the filing
- Sebastian StubbeExecutive Officer, Director
- C. Sam WallsDirector
- Rush DeaconDirector
- Amount sold
- $3.2M
- Minimum investment
- $500K
- Sales commissions
- $47K
- Placement agents
- Dalmore Group LLC
- First sale
- Nov 2019
- Incorporated
- Limited Partnership, Delaware, 2019
- Federal exemptions
- 06c
▶$20MofferedJun 2022 · OtherRule 506(c)
▶$20MofferedJun 2022 · Other
Rule 506(c)Officers, directors & promoters on the filing
- C. Sam WallsDirector
- Sebastian StubbeExecutive Officer
- Rush DeaconDirector
- Offering amount
- $20M
- Minimum investment
- $800K
- Incorporated
- Limited Partnership, Delaware, 2019
- Federal exemptions
- 06c
▶$49.5MofferedMay 2020 · OtherRule 506(c)
▶$49.5MofferedMay 2020 · Other
Rule 506(c)Officers, directors & promoters on the filing
- Sebastian StubbeExecutive Officer, Director
- Rush DeaconDirector
- C. Sam Walls, IIIDirector
- Offering amount
- $49.5M
- Minimum investment
- $500K
- Incorporated
- Limited Partnership, Delaware, 2019
- Federal exemptions
- 06c
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
In the news
Frequently asked questions
- What does Pine State do?
- Pine State Regional Center facilitates EB-5 immigrant investor visa processes by identifying and underwriting commercial and industrial projects for foreign investors seeking to invest in the United States. The firm combines legal, lending, and due diligence expertise with its parent company's 65-year track record in business financing.
- How much funding has Pine State raised?
- Pine State has disclosed $97.6M raised across 5 of its 7 known rounds.
- Where is Pine State headquartered?
- Pine State is headquartered in Little Rock, US.