Companies · Other Technology

86Borders LLC

ATLANTA · Other Technology

Diligence memoA one-page analyst read on 86Borders LLC — recommendation, valuation, rhythm, risks.
$9.5M
Total raised · real
9
Rounds
6.3×
Latest step-up
Top 30%
Sector rank · raised
Seed
Latest stage · inferred · Mon Apr 05 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

86Borders 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 technology 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 1.12× the median modeled value of Seed Other Technology companies in 2019–2021 (1049 peers) — value vs value, same stage and era.
  • Within the normal band (112% of peer median) for its niche.
Dormant
  • Last raise 5.2 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal cadence.

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

Issuer-vehicle patternmedium confidence

86Borders 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
11.8 yr record
Peak capital year was 2021 with $2.5M across 1 filings.
Market position
ahead of 71% of Other Technology peers
Capital scale is ahead of 71% of Other Technology peers; modeled value is above 61% 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
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
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 2021: $2.5M across 1 filings.
  • Largest single filing was $2.5M on 2021-04-05.
  • Filing rows sum to $12.2M, while canonical raised total is $9.5M; likely amendments/superseded rows are mixed into the detail view.
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.
  • Canonical filtering should be tightened before using row-level totals for diligence.
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 Technology

86Borders LLC is one of 21292 Other Technology companies tracked from ATLANTA. By capital raised it ranks in the upper tier (ahead of 71% 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
$0–$1M
Issuer revenue
Rule 506(b)
Reg D exemption
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$100MPre-Seed · 2014-09-23 Raised $550K (real) Modeled valuation $23M (est)Pre-Seed2014Seed · 2014-09-23 Raised $1.1M (real) Modeled valuation $36M (est)Seed2014Pre-Seed · 2015-11-10 Raised $700K (real) Modeled valuation $30M (est)Pre-Seed2015Seed · 2015-11-10 Raised $1.3M (real) Modeled valuation $44M (est)Seed2015Seed · 2016-07-01 Raised $1.5M (real) Modeled valuation $51M (est)Seed2016Seed · 2017-07-19 Raised $392K (real) Modeled valuation $13M (est)Seed2017Pre-Seed · 2017-07-19 Raised $392K (real) Modeled valuation $17M (est)Pre-Seed2017Seed · 2018-07-01 Raised $800K (real) Modeled valuation $27M (est)Seed2018Seed · 2018-07-01 Raised $750K (real) Modeled valuation $26M (est)Seed2018Seed · 2019-07-23 Raised $148K (real) Modeled valuation $5.0M (est)Seed2019Seed · 2020-06-01 Raised $1.0M (real) Modeled valuation $35M (est)Seed2020Pre-Seed · 2020-06-01 Raised $687K (real) Modeled valuation $29M (est)Pre-Seed2020Pre-Seed · 2020-06-01 Raised $400K (real) Modeled valuation $17M (est)Pre-Seed2020Seed · 2021-04-05 Raised $2.5M (real) Modeled valuation $59M (est)Seed2021Cumulative $12M

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$550K · 2014
Seed$1.1M · 2014
Bridge · Seed-stage$700K · 2015smaller follow-on
Seed extension$1.3M · 2015
Seed extension$1.5M · 2016
Seed extension$392K · 2017
Bridge · Seed-stage$392K · 2017smaller follow-on
Seed extension$800K · 2018
Seed extension$750K · 2018
Seed extension$148K · 2019
Seed extension$1.0M · 2020
Bridge · Seed-stage$687K · 2020smaller follow-on
Bridge · Seed-stage$400K · 2020smaller follow-on
Seed extension$2.5M · 2021

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

Modeled valuation trajectory
$59.3M
Base estimate est.
$2.2M
Conservative case
$378.3M
Upside case
$12.5M
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 technology sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $23.3M · 2014-09-232014Seed · modeled $35.8M · 2014-09-23Pre-Seed · modeled $29.7M · 2015-11-10Seed · modeled $44.4M · 2015-11-10Seed · modeled $51.1M · 2016-07-01Seed · modeled $13.4M · 2017-07-19Pre-Seed · modeled $16.6M · 2017-07-19Seed · modeled $27.3M · 2018-07-01Seed · modeled $25.6M · 2018-07-01Seed · modeled $5.0M · 2019-07-23Seed · modeled $35.3M · 2020-06-01Pre-Seed · modeled $29.1M · 2020-06-01Pre-Seed · modeled $16.9M · 2020-06-01Seed · modeled $59.3M · 2021-04-052021
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
39%
Survival probability
18% low · 61% high
1.61×/yr
Annual markup
2.11×/yr upside case
5.2 yr
Elapsed time used
5.2 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
6 mo
Avg between rounds
$1.5M/yr
Capital velocity
11.8 yr
On record since
2014
First round
14
Rounds on file
How it compares to the market

Benchmarked against 21292 companies in Other Technology. 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) 3.0× above median
This company$9.5M
Sector median$3.2M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.4× above median
This company$2.5M
Sector median$1.8M
Modeled value — vs sector median (estimate, all stages) 1.6× above median
This company$59.3M
Sector median$37.3M

Raised more than 71% of sector peers (real $). Modeled value above 61% 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 #456 of 1,049.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Altinity Inc. · Seed Raised $6.9M · modeled $136.3M (est)Platypus Institute Inc. · Seed Raised $6.5M · modeled $136.3M (est)Social Circle, LLC · Seed Raised $4.5M · modeled $136.3M (est)Pointivo, Inc. · Seed Raised $5.4M · modeled $136.3M (est)RealtimeX Inc. · Seed Raised $4.0M · modeled $136.3M (est)Scholastic Network Partners, LLC · Seed Raised $4.0M · modeled $136.3M (est)Thundra, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Sideqik, Inc. · Seed Raised $4.0M · modeled $136.3M (est)LevelOps Inc. · Seed Raised $4.0M · modeled $136.3M (est)Zebrium, Inc. · Seed Raised $7.3M · modeled $136.3M (est)Datawire, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Centercode, Inc. · Seed Raised $7.5M · modeled $136.3M (est)86Borders LLC (this company) Raised $9.5M · modeled $59.3M (est)86Borders LLC
CompanyStageRaised · realValue · estvs peer med.
Altinity Inc.Seed$6.9M$136.3M2.57×
Platypus Institute Inc.Seed$6.5M$136.3M2.57×
Social Circle, LLCSeed$4.5M$136.3M2.57×
Pointivo, Inc.Seed$5.4M$136.3M2.57×
RealtimeX Inc.Seed$4.0M$136.3M2.57×
Scholastic Network Partners, LLCSeed$4.0M$136.3M2.57×
Thundra, Inc.Seed$4.0M$136.3M2.57×
Sideqik, Inc.Seed$4.0M$136.3M2.57×
LevelOps Inc.Seed$4.0M$136.3M2.57×
Zebrium, Inc.Seed$7.3M$136.3M2.57×
Datawire, Inc.Seed$4.0M$136.3M2.57×
Centercode, Inc.Seed$7.5M$136.3M2.57×
86Borders LLC this companySeed$9.5M$59.3M1.12×
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$550K2014-09-23$3.1M$23.3M85%
Seed$1.1M2014-09-23$5.3M$35.8M85%
Pre-Seed$700K2015-11-10$3.9M$29.7M85%
Seed$1.3M2015-11-10$6.5M$44.4M85%
Seed$1.5M2016-07-01$7.5M$51.1M90%
Seed$392K2017-07-19$2.0M$13.4M90%
Pre-Seed$392K2017-07-19$2.2M$16.6M90%
Seed$800K2018-07-01$4.0M$27.3M90%
Seed$750K2018-07-01$3.8M$25.6M90%
Seed$148K2019-07-23$740K$5.0M90%
Seed$1.0M2020-06-01$5.2M$35.3M90%
Pre-Seed$687K2020-06-01$3.8M$29.1M90%
Pre-Seed$400K2020-06-01$2.2M$16.9M90%
Seed$2.5M2021-04-05$12.5M$59.3M90%
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$550K2014-09-23
    • First recorded raise — entered as Pre-Seed.
    • 3 investors on this round.
  2. Seed$1.1M2014-09-23
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.9× larger than the prior — scaling up.
    • 4 investors on this round.
  3. Pre-Seed$700K2015-11-10
    • Raised 14 mo later, in step with the ~13 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  4. Seed$1.3M2015-11-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.9× larger than the prior — scaling up.
    • 5 investors on this round.
  5. Seed$1.5M2016-07-01
    • Came back fast: 8 mo vs the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • Revenue band moved No revenue → $0–$1M.
  6. Seed$392K2017-07-19
    • Raised 13 mo later, in step with the ~13 mo sector norm.
    • Round 3.8× smaller than the prior — bridge or down round.
    • 6 investors on this round.
  7. Pre-Seed$392K2017-07-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 6 investors on this round.
  8. Seed$800K2018-07-01
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
  9. Seed$750K2018-07-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  10. Seed$148K2019-07-23
    • Raised 13 mo later, in step with the ~13 mo sector norm.
    • Round 5.1× smaller than the prior — bridge or down round.
    • Revenue band moved $0–$1M → $1M–$5M.
    • 1 investor on this round.
  11. Seed$1.0M2020-06-01
    • Raised 10 mo later, in step with the ~13 mo sector norm.
    • Round 7.0× larger than the prior — scaling up.
    • 5 investors on this round.
  12. Pre-Seed$687K2020-06-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  13. Pre-Seed$400K2020-06-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  14. Seed$2.5M2021-04-05
    • Raised 10 mo later, in step with the ~13 mo sector norm.
    • Round 6.3× larger than the prior — scaling up.
    • Revenue band moved $1M–$5M → $0–$1M.
Intelligence
2021 ~Q4
Modeled next raise · ~6mo cadence
$7.5M
Modeled next size est.range $4.9M$12.0M
6.3×
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
Mark McDonald3 other2019-07
Michael C. McChesney1 other2014-09
Dan C. McDonald2014-09
Dan McDonald2019-07
Mark C. McDonald2018-07
Michael McChesney2019-07
Richard C. Spencer2015-11
Richard V. Spencer2014-09
Registry & provenance

86Borders 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
1622720
SEC CIK
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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.

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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
eWellbore, LLCOther TechnologySeries A$59.8M84%
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Otg, LLCOther TechnologyPre-Seed$5.8M84%
Extracker, Inc.Other TechnologySeries A$142.3M84%
EasyRx, LLCOther TechnologySeed$34.1M84%
CBDRatings, LLCOther TechnologyPre-Seed$34.8M83%
Eighty Twenty One Inc.Other TechnologySeed$5.9M83%
120Over80, LLCOther TechnologyPre-Seed$2.6M83%
Frequently asked
How much funding has 86Borders LLC raised?
86Borders LLC has raised approximately $9.5M in disclosed capital across 9 recorded financing rounds, aggregated from public filings.
What is 86Borders LLC's estimated valuation?
Provath's modeled valuation for 86Borders LLC is approximately $59.3M (modeled range $2.2M–$378.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is 86Borders LLC at?
86Borders LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Mon Apr 05.
What does 86Borders LLC do and where is it based?
86Borders LLC operates in the Other Technology sector, based in ATLANTA.
Explore related

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