Companies · Other Travel

850Nine, LLC

SANTA ROSA BEACH · Other Travel

Diligence memoA one-page analyst read on 850Nine, LLC — recommendation, valuation, rhythm, risks.
$1.8M
Total raised · real
2
Rounds
1.3×
Latest step-up
Top 58%
Sector rank · raised
Seed
Latest stage · inferred · Thu May 02 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

850Nine, LLC looks under-valued against its niche peers and is at-risk on financing cadence.

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

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

Under-valued
  • Modeled value is 0.46× the median modeled value of Seed Other Travel companies in 2022–2024 (8 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.2 yr ago; this sector typically re-raises about every 9 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.

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

Issuer-vehicle patternmedium confidence

850Nine, 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
3.4 yr record
Peak capital year was 2024 with $1.0M across 1 filings.
Market position
ahead of 43% of Other Travel peers
Capital scale is ahead of 43% of Other Travel peers; modeled value is above 26% 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 2024: $1.0M across 1 filings.
  • Largest single filing was $1.0M on 2024-05-02.
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.
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 Other Travel

850Nine, LLC is one of 176 Other Travel companies tracked from SANTA ROSA BEACH. By capital raised it ranks mid-pack (ahead of 43% of sector peers), and in the long tail 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
10
Investors (latest)
2023
Year incorporated
2024-05-02
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$1.3M$2.5M$3.8M$5.0MPre-Seed · 2023-02-20 Raised $750K (real) Modeled valuation $3.0M (est)$750K$3.0MPre-Seed2023Seed · 2024-05-02 Raised $1.0M (real) Modeled valuation $3.0M (est)$1.0M$3.0MSeed2024+$1.0MCumulative $1.8M

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$750K · 2023
Seed$1.0M · 2024

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

Modeled valuation trajectory
$3.0M
Base estimate est.
$809K
Conservative case
$8.3M
Upside case
$5.0M
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 travel sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $3.0M · 2023-02-202023Seed · modeled $3.0M · 2024-05-022024
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
36%
Survival probability
16% low · 55% high
1.26×/yr
Annual markup
1.65×/yr upside case
2.2 yr
Elapsed time used
2.2 yr actual, capped for stale marks
travel
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$1.5M/yr
Capital velocity
3.4 yr
On record since
2023
First round
2
Rounds on file
How it compares to the market

Benchmarked against 176 companies in Other Travel. 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) 0.7× of median
This company$1.8M
Sector median$2.5M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.5× of median
This company$1.0M
Sector median$1.9M
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$3.0M
Sector median$8.9M

Raised more than 43% of sector peers (real $). Modeled value above 26% 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 8.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)Silverhawk Aviation, Inc. · Seed Raised $3.1M · modeled $11.7M (est)Orbite Inc. · Seed Raised $2.7M · modeled $8.8M (est)Giv Investors, Llc · Seed Raised $3.0M · modeled $8.3M (est)La Wawa Holding Co · Seed Raised $3.5M · modeled $7.1M (est)Sendaride, Inc. · Seed Raised $7.6M · modeled $5.9M (est)Teardown Funding #2,LLC · Seed Raised $1.6M · modeled $5.7M (est)WWSG Travel, Inc. · Seed Raised $1.9M · modeled $3.2M (est)850Nine, LLC (this company) Raised $1.8M · modeled $3.0M (est)850Nine, LLC
CompanyStageRaised · realValue · estvs peer med.
Silverhawk Aviation, Inc.Seed$3.1M$11.7M1.80×
Orbite Inc.Seed$2.7M$8.8M1.35×
Giv Investors, LlcSeed$3.0M$8.3M1.27×
La Wawa Holding CoSeed$3.5M$7.1M1.09×
Sendaride, Inc.Seed$7.6M$5.9M0.91×
Teardown Funding #2,LLCSeed$1.6M$5.7M0.88×
WWSG Travel, Inc.Seed$1.9M$3.2M0.50×
850Nine, LLC this companySeed$1.8M$3.0M0.46×
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$750K2023-02-20$4.2M$3.0M90%
Seed$1.0M2024-05-02$5.0M$3.0M90%
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$750K2023-02-20
    • First recorded raise — entered as Pre-Seed.
    • 9 investors on this round.
  2. Seed$1.0M2024-05-02
    • Raised again after 14 mo — slower than the ~9 mo sector norm.
    • Round 1.3× larger than the prior — scaling up.
    • 10 investors on this round.
Intelligence
2025 ~Q3
Modeled next raise · ~14mo cadence
$1.4M
Modeled next size est.range $1.0M$2.2M
1.3×
Last step-up
$1.5M/yr
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
Michael Steiner2 other2023-02
Registry & provenance

850Nine, 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
1969613
SEC CIK
2023
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
Black Mountain Community CorpOther TravelSeed$1.8M$3.9Msame sector · same stage
Second Porch, Inc.Other TravelSeed$1.7M$10.8Msame sector · same stage
efreightsolutions, LLCOther TravelSeed$1.9M$13.3Msame sector · same stage
WWSG Travel, Inc.Other TravelSeed$1.9M$3.2Msame sector · same stage
Triumph FBO Holdings, LLCOther TravelSeed$1.9M$13.4Msame sector · same stage
Adventure Travel Trade Association, Inc.Other TravelSeed$1.9M$11.7Msame sector · same stage
Hangar Partners, LLCOther TravelSeed$1.9M$4.5Msame sector · same stage
HotSpot Tax, Inc.Other TravelSeed$1.6M$11.5Msame 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
Highlands 850, LlcOtherPre-Seed$19.6M81%
SilverRail Technologies, Inc.Other TravelSeries B$72.2M80%
RVShare, LLCOther TravelSeries A$83.2M80%
Orbite Inc.Other TravelSeed$8.8M79%
Tiplr, Inc.Other TravelPre-Seed$1.4M79%
Jet It LLCOther TravelSeries B$84.1M79%
ninetynine inc.OtherPre-Seed$3.3M79%
Giv Investors, LlcOther TravelSeed$8.3M79%
Frequently asked
How much funding has 850Nine, LLC raised?
850Nine, LLC has raised approximately $1.8M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is 850Nine, LLC's estimated valuation?
Provath's modeled valuation for 850Nine, LLC is approximately $3.0M (modeled range $809K–$8.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is 850Nine, LLC at?
850Nine, LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Thu May 02.
What does 850Nine, LLC do and where is it based?
850Nine, LLC operates in the Other Travel sector, based in SANTA ROSA BEACH.
Explore related

See where 850Nine, 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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