Companies · Construction

18th & Spruce LLC

SEATTLE · Construction

Diligence memoA one-page analyst read on 18th & Spruce LLC — recommendation, valuation, rhythm, risks.→
$575K
Total raised · real
1
Rounds
—
Latest step-up
Top 47%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Tue Aug 06 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

18th & Spruce LLC looks fair against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the construction sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 1.29× the median modeled value of Pre-Seed Construction companies in 2019–2021 (56 peers) — value vs value, same stage and era.
  • Within the normal band (129% of peer median) for its niche.
Dormant
  • Last raise 6.9 yr ago; this sector typically re-raises about every 12 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

18th & Spruce LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
7.2 yr record
Peak capital year was 2019 with $575K across 1 filings.
Market position
ahead of 54% of Construction peers
Capital scale is ahead of 54% of Construction peers; modeled value is above 62% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2019: $575K across 1 filings.
  • Largest single filing was $575K on 2019-08-06.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Construction

18th & Spruce LLC is one of 1338 Construction companies tracked from SEATTLE. By capital raised it ranks mid-pack (ahead of 54% of sector peers), and mid-pack by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
No revenue
Issuer revenue
Rule 506(b)
Reg D exemption
3
Investors (latest)
2018
Year incorporated
2019-08-06
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$2.5M$5.0M$7.5M$10MPre-Seed · 2019-08-06 Raised $575K (real) Modeled valuation $5.4M (est)$575K$5.4MPre-Seed2019

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$575K · 2019

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$5.4M
Base estimate est.
$383K
Conservative case
$61.0M
Upside case
$3.2M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seed — a round under $1.0M). Valuation is modeled from stage benchmarks scaled by the construction sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
30%
Survival probability
12% low · 55% high
1.33×/yr
Annual markup
1.81×/yr upside case
6.0 yr
Elapsed time used
6.9 yr actual, capped for stale marks
construction
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
—
Avg between rounds
—
Capital velocity
7.2 yr
On record since
2019
First round
1
Rounds on file
How it compares to the market

Benchmarked against 1338 companies in Construction. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages)▼ 0.2× of median
This company$575K
Sector median$2.4M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage)▲ 1.2× above median
This company$575K
Sector median$495K
Modeled value — vs sector median (estimate, all stages)▼ 0.5× of median
This company$5.4M
Sector median$9.9M

Raised more than 54% of sector peers (real $). Modeled value above 62% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #19 of 56.

This companyCohort peer
$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)Cbg 1936, Llc · Pre-Seed Raised $980K · modeled $9.2M (est)Fremont Woodland Apartments, LLC · Pre-Seed Raised $950K · modeled $8.3M (est)4226 Bowser LLC · Pre-Seed Raised $850K · modeled $7.9M (est)2317 Moser LLC · Pre-Seed Raised $835K · modeled $7.8M (est)2603 Calvin, LLC · Pre-Seed Raised $820K · modeled $7.7M (est)Hopkins Hartland 1 LLC · Pre-Seed Raised $785K · modeled $7.3M (est)5915 Hudson, LLC · Pre-Seed Raised $900K · modeled $7.2M (est)Amstad Huntsville 1791, Lp · Pre-Seed Raised $757K · modeled $7.1M (est)175 Montalvo, LLC · Pre-Seed Raised $850K · modeled $6.8M (est)Ardent OZF, LLC · Pre-Seed Raised $1.0M · modeled $6.8M (est)5908 Lindell, LLC · Pre-Seed Raised $710K · modeled $6.6M (est)Brunswick 160 LLC · Pre-Seed Raised $700K · modeled $6.5M (est)18th & Spruce LLC (this company) Raised $575K · modeled $5.4M (est)18th & Spruce LLC
CompanyStageRaised · realValue · estvs peer med.
Cbg 1936, LlcPre-Seed$980K$9.2M2.20×
Fremont Woodland Apartments, LLCPre-Seed$950K$8.3M2.00×
4226 Bowser LLCPre-Seed$850K$7.9M1.91×
2317 Moser LLCPre-Seed$835K$7.8M1.88×
2603 Calvin, LLCPre-Seed$820K$7.7M1.84×
Hopkins Hartland 1 LLCPre-Seed$785K$7.3M1.76×
5915 Hudson, LLCPre-Seed$900K$7.2M1.74×
Amstad Huntsville 1791, LpPre-Seed$757K$7.1M1.70×
175 Montalvo, LLCPre-Seed$850K$6.8M1.65×
Ardent OZF, LLCPre-Seed$1.0M$6.8M1.63×
5908 Lindell, LLCPre-Seed$710K$6.6M1.60×
Brunswick 160 LLCPre-Seed$700K$6.5M1.57×
18th & Spruce LLC this companyPre-Seed$575K$5.4M1.29×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$575K2019-08-06$3.2M$5.4M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$575K2019-08-06
    • First recorded raise — entered as Pre-Seed.
    • 3 investors on this round.
Intelligence
—
Modeled next raise
$920K
Modeled next size est.range $598K–$1.5M
—
Last step-up
—
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
SLOAN RITCHIE—2 other2019-08
Registry & provenance

18th & Spruce LLC is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1785454
SEC CIK
2018
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
3700 Hudson LLCConstructionPre-Seed$250K$2.3Mnetwork1 shared operator · same sector · same stage
6S Orly Wapato Wa LlcConstructionPre-Seed$577K$3.7Msame sector · same stage
Five Mile Prairie (Sherron Associates) LLCConstructionPre-Seed$560K$933Ksame sector · same stage
KG McCordsville LLCConstructionPre-Seed$560K$1.6Msame sector · same stage
Western Washington Investments - Mt Baker Station LPConstructionPre-Seed$560K$5.2Msame sector · same stage
102 Harvard GP Investment LLCConstructionPre-Seed$600K$5.1Msame sector · same stage
159 LlcConstructionPre-Seed$600K$1.5Msame sector · same stage
3421 Rainier Partners, LLCConstructionPre-Seed$600K$5.6Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
6418 Maple, LLCConstructionSeed$11.8M83%
Craftsman Industries, Inc.ConstructionPre-Seed$1.1M79%
Building 18
Canadian company.
———79%
Qde 18 LlcConstructionSeed$10.2M79%
Cedar & Sage Development, LLCConstructionSeries A$55.0M78%
AIA Industries, LLCConstructionSeed$3.8M78%
5915 Hudson, LLCConstructionPre-Seed$7.2M78%
Module Design, Inc.ConstructionSeed$1.1M78%
Frequently asked
How much funding has 18th & Spruce LLC raised?
18th & Spruce LLC has raised approximately $575K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is 18th & Spruce LLC's estimated valuation?
Provath's modeled valuation for 18th & Spruce LLC is approximately $5.4M (modeled range $383K–$61.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is 18th & Spruce LLC at?
18th & Spruce LLC's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Tue Aug 06.
What does 18th & Spruce LLC do and where is it based?
18th & Spruce LLC operates in the Construction sector, based in SEATTLE.
Explore related

See where 18th & Spruce LLC sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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