Companies · Business Services

2018 Permian Basin JV

LUBBOCK · Business Services

Diligence memoA one-page analyst read on 2018 Permian Basin JV — recommendation, valuation, rhythm, risks.
$3.4M
Total raised · real
1
Rounds
6.4×
Latest step-up
Top 28%
Sector rank · raised
Seed
Latest stage · inferred · Wed Apr 18 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

2018 Permian Basin JV looks over-valued 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 business services sector profile.

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

Over-valued
  • Modeled value is 1.92× the median modeled value of Seed Business Services companies in 2016–2018 (62 peers) — value vs value, same stage and era.
  • Issuer reports no revenue, yet is modeled well above niche peers.
Dormant
  • Last raise 8.2 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.
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 Business Services

2018 Permian Basin JV is one of 2439 Business Services companies tracked from LUBBOCK. By capital raised it ranks in the upper tier (ahead of 73% of sector peers), and in the upper tier 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
32
Investors (latest)
2018
Year incorporated
2018-04-18
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$25M$50M$75M$100MSeed · 2018-04-18 Raised $3.4M (real) Modeled valuation $87M (est)$3.4M$87MSeed2018Pre-Seed · 2018-04-18 Raised $425K (real) Modeled valuation $13M (est)$425K$13MPre-Seed2018Seed · 2018-04-18 Raised $2.7M (real) Modeled valuation $69M (est)$2.7M$69MSeed2018+$425K+$2.7MCumulative $6.6M

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
Seed$3.4M · 2018
Bridge · Seed-stage$425K · 2018smaller follow-on
Seed extension$2.7M · 2018

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

Modeled valuation trajectory
$87.0M
Base estimate est.
$3.1M
Conservative case
$682.8M
Upside case
$17.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the business services sector profile. Directional, not a quoted figure.

Seed · modeled $87.0M · 2018-04-182018Pre-Seed · modeled $13.4M · 2018-04-18Seed · modeled $69.2M · 2018-04-182018
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
41%
Survival probability
18% low · 63% high
1.52×/yr
Annual markup
2.00×/yr upside case
6.0 yr
Elapsed time used
8.2 yr actual, capped for stale marks
business services
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
8.2 yr
On record since
2018
First round
3
Rounds on file
How it compares to the market

Benchmarked against 2439 companies in Business Services. 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) 2.3× above median
This company$3.4M
Sector median$1.5M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.6× above median
This company$2.7M
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 5.8× above median
This company$87.0M
Sector median$15.0M

Raised more than 73% of sector peers (real $). Modeled value above 85% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (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 #8 of 62.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0MCapital raised (log)Brightfield Strategies, LLC · Seed Raised $4.0M · modeled $101.6M (est)Anchor Worldwide Holdings LLC · Seed Raised $4.0M · modeled $101.1M (est)We Quilt, Inc. · Seed Raised $3.9M · modeled $99.9M (est)Centrifuge Inc. · Seed Raised $3.8M · modeled $96.7M (est)New Gen Holdings Inc · Seed Raised $3.6M · modeled $90.2M (est)Sense360 Inc. · Seed Raised $3.5M · modeled $88.9M (est)Auxilio Inc · Seed Raised $7.1M · modeled $88.0M (est)SBS Pinhook IV LLC · Seed Raised $3.0M · modeled $76.2M (est)SBS Pinhook III LLC · Seed Raised $3.0M · modeled $76.2M (est)4Front Ventures, Inc. · Seed Raised $8.9M · modeled $76.2M (est)Tradiv, Inc. · Seed Raised $3.6M · modeled $75.5M (est)2018 Permian Basin JV (this company) Raised $3.4M · modeled $87.0M (est)2018 Permian Basin JV
CompanyStageRaised · realValue · estvs peer med.
Brightfield Strategies, LLCSeed$4.0M$101.6M2.24×
Anchor Worldwide Holdings LLCSeed$4.0M$101.1M2.23×
We Quilt, Inc.Seed$3.9M$99.9M2.20×
Centrifuge Inc.Seed$3.8M$96.7M2.13×
New Gen Holdings IncSeed$3.6M$90.2M1.99×
Sense360 Inc.Seed$3.5M$88.9M1.96×
Auxilio IncSeed$7.1M$88.0M1.94×
2018 Permian Basin JV this companySeed$3.4M$87.0M1.92×
SBS Pinhook IV LLCSeed$3.0M$76.2M1.68×
SBS Pinhook III LLCSeed$3.0M$76.2M1.68×
4Front Ventures, Inc.Seed$8.9M$76.2M1.68×
Tradiv, Inc.Seed$3.6M$75.5M1.66×
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.
Seed$3.4M2018-04-18$17.1M$87.0M90%
Pre-Seed$425K2018-04-18$2.4M$13.4M90%
Seed$2.7M2018-04-18$13.6M$69.2M90%
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. Seed$3.4M2018-04-18
    • First recorded raise — entered as Seed.
    • 47 investors on this round.
  2. Pre-Seed$425K2018-04-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 8.1× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  3. Seed$2.7M2018-04-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 6.4× larger than the prior — scaling up.
    • 32 investors on this round.
Intelligence
Modeled next raise
$8.2M
Modeled next size est.range $5.3M$13.1M
6.4×
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
Rance C. Miles4 other2018-04
Lowell A. Hare3 other2018-04
Richard A. Martin3 other2018-04
Samuel J. Hawthorne3 other2018-04
Stephen J. Stone3 other2018-04
Billy R. Wolfe2 other2018-04
John T. Field2 other2018-04
Terry L. Pruiett2 other2018-04
Courtney L. Cox1 other2018-04
David A. Cummings1 other2018-04
David R. Long1 other2018-04
Jana K. Long1 other2018-04
Jon G. Massey1 other2018-04
Kimberly D. Miller1 other2018-04
Philip A. Scolaro1 other2018-04
Robert L. Cobb1 other2018-04
Steve L. Ross1 other2018-04
Tyson M. Field1 other2018-04
Zachary D. Long1 other2018-04
Ben L. Edwards2018-04
Billy F. Good2018-04
Bryan D. Harris2018-04
Carl C. Smith2018-04
Cody C. Cox2018-04
Registry & provenance

2018 Permian Basin JV 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
1740314
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
2017 Permian Basin JVBusiness ServicesSeed$2.5M$64.5Mnetwork10 shared operators · same sector · same stage
2015 Oil Opportunity JVBusiness ServicesSeed$2.2M$31.8Mnetwork5 shared operators · same sector · same stage
2019 Permian Basin JVBusiness ServicesSeries A$6.8M$140.1Mnetwork15 shared operators · same sector
Park Place Payments, Inc.Business ServicesSeed$3.5M$87.8Msame sector · same stage
DNA Response, Inc.Business ServicesSeed$3.4M$36.5Msame sector · same stage
Unitrends IncBusiness ServicesSeed$3.5M$88.9Msame sector · same stage
Sense360 Inc.Business ServicesSeed$3.5M$88.9Msame sector · same stage
AC AUTOPAY LLC, Series 2013 A-26Business ServicesSeed$3.5M$89.2Msame 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
2019 Permian Basin JVBusiness ServicesSeries A$140.1M99%
2017 Permian Basin JVBusiness ServicesSeed$64.5M98%
Perpetuity Project Ltd.Business ServicesSeries B$164.2M77%
PL - 2025 Predevelopment, LLCBusiness ServicesSeed$7.6M75%
PL - 2024 Predevelopment, LLCBusiness ServicesPre-Seed$3.8M75%
Ppj Enterprise, Inc.Business ServicesSeries A$103.4M75%
Amba Brewing Marketing Inc.Business ServicesPre-Seed$432K74%
2020 Keeneland LLCBusiness ServicesPre-Seed$14.6M74%
Frequently asked
How much funding has 2018 Permian Basin JV raised?
2018 Permian Basin JV has raised approximately $3.4M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is 2018 Permian Basin JV's estimated valuation?
Provath's modeled valuation for 2018 Permian Basin JV is approximately $87.0M (modeled range $3.1M–$682.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is 2018 Permian Basin JV at?
2018 Permian Basin JV's latest modeled financing stage is Seed. Its most recent recorded round closed around Wed Apr 18.
What does 2018 Permian Basin JV do and where is it based?
2018 Permian Basin JV operates in the Business Services sector, based in LUBBOCK.
Explore related

See where 2018 Permian Basin JV sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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