Companies · Other

Bfc-Ink, Llc

GRAND RAPIDS · Other

Diligence memoA one-page analyst read on Bfc-Ink, Llc — recommendation, valuation, rhythm, risks.
$17.5M
Total raised · real
2
Rounds
0.1×
Latest step-up
Top 17%
Sector rank · raised
Series B
Latest stage · inferred · Fri Nov 22 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Bfc-Ink, Llc looks under-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.

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 0.09× the median modeled value of Series B Other companies in 2019–2021 (371 peers) — value vs value, same stage and era.
Dormant
  • Last raise 6.6 yr ago; this sector typically re-raises about every 11 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

Bfc-Ink, 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
8.4 yr record
Peak capital year was 2018 with $15.9M across 1 filings.
Market position
ahead of 84% of Other peers
Capital scale is ahead of 84% of Other peers; modeled value is above 60% 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
Lower 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.
  • Sector is still broad/Other, so operating comparables are weak.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2018: $15.9M across 1 filings.
  • Largest single filing was $15.9M on 2018-01-23.
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 Other

Bfc-Ink, Llc is one of 25008 Other companies tracked from GRAND RAPIDS. By capital raised it ranks in the upper tier (ahead of 84% 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
Rule 506(b)
Reg D exemption
80
Investors (latest)
2017
Year incorporated
2019-11-22
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$125M$250M$375M$500MSeries B · 2018-01-23 Raised $16M (real) Modeled valuation $264M (est)$16M$264MSeries B2018Series B · 2019-11-22 Raised $1.6M (real) Modeled valuation $26M (est)$1.6M$26MSeries B2019+$1.6MCumulative $17M

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
Series B$15.9M · 2018
Series B extension$1.6M · 2019

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$26.3M
Base estimate est.
$4.0M
Conservative case
$101.2M
Upside case
$8.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Series B · modeled $264.3M · 2018-01-232018Series B · modeled $26.3M · 2019-11-222019
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
45% low · 83% high
1.28×/yr
Annual markup
1.55×/yr upside case
6.0 yr
Elapsed time used
6.6 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
22 mo
Avg between rounds
$9.6M/yr
Capital velocity
8.4 yr
On record since
2018
First round
2
Rounds on file
How it compares to the market

Benchmarked against 25008 companies in Other. 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) 8.6× above median
This company$17.5M
Sector median$2.0M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.1× of median
This company$1.6M
Sector median$19.6M
Modeled value — vs sector median (estimate, all stages) 1.5× above median
This company$26.3M
Sector median$17.7M

Raised more than 84% of sector peers (real $). Modeled value above 60% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #353 of 371.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)MStar Holding Corp · Series B Raised $67.6M · modeled $645.3M (est)Chlorum Solutions Llc · Series B Raised $39.7M · modeled $626.8M (est)IFS Management Holdco, LLC · Series B Raised $37.5M · modeled $623.8M (est)Benefit Recovery Group, LLC · Series B Raised $40.0M · modeled $618.0M (est)Shenandoah Growers, Inc. · Series B Raised $74.2M · modeled $613.0M (est)Zmco Llc · Series B Raised $40.0M · modeled $610.1M (est)PathStream, Inc. · Series B Raised $38.8M · modeled $601.9M (est)MXY Holdings, LLC · Series B Raised $49.9M · modeled $597.0M (est)Ryzac, Inc. · Series B Raised $42.5M · modeled $593.9M (est)Plouton Datacenter I, Inc. · Series B Raised $35.3M · modeled $586.5M (est)Es Ei Llc · Series B Raised $35.3M · modeled $585.7M (est)Factor Law, Inc. · Series B Raised $36.3M · modeled $569.9M (est)Bfc-Ink, Llc (this company) Raised $17.5M · modeled $26.3M (est)Bfc-Ink, Llc
CompanyStageRaised · realValue · estvs peer med.
MStar Holding CorpSeries B$67.6M$645.3M2.16×
Chlorum Solutions LlcSeries B$39.7M$626.8M2.10×
IFS Management Holdco, LLCSeries B$37.5M$623.8M2.09×
Benefit Recovery Group, LLCSeries B$40.0M$618.0M2.07×
Shenandoah Growers, Inc.Series B$74.2M$613.0M2.05×
Zmco LlcSeries B$40.0M$610.1M2.04×
PathStream, Inc.Series B$38.8M$601.9M2.01×
MXY Holdings, LLCSeries B$49.9M$597.0M2.00×
Ryzac, Inc.Series B$42.5M$593.9M1.99×
Plouton Datacenter I, Inc.Series B$35.3M$586.5M1.96×
Es Ei LlcSeries B$35.3M$585.7M1.96×
Factor Law, Inc.Series B$36.3M$569.9M1.91×
Bfc-Ink, Llc this companySeries B$17.5M$26.3M0.09×
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.
Series B$15.9M2018-01-23$88.4M$264.3M90%
Series B$1.6M2019-11-22$8.8M$26.3M90%
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. Series B$15.9M2018-01-23
    • First recorded raise — entered as Series B.
    • 81 investors on this round.
  2. Series B$1.6M2019-11-22
    • Raised again after 22 mo — slower than the ~11 mo sector norm.
    • Round 10.1× smaller than the prior — bridge or down round.
    • 80 investors on this round.
Intelligence
2021 ~Q3
Modeled next raise · ~22mo cadence
$1.6M
Modeled next size est.range $1.6M$2.5M
0.1×
Last step-up
$9.6M/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
Martin Stein7 other2018-01
Registry & provenance

Bfc-Ink, 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
1728475
SEC CIK
2017
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
Bfc-Mnm, LlcOtherSeries A$12.0M$181.6Mnetwork1 shared operator · same sector
Adar Holdings, Inc.OtherSeries B$24.6M$26.3Msame sector · same stage
OnsiteIQ Inc.OtherSeries B$30.6M$25.7Msame sector · same stage
Espresa, Inc.OtherSeries B$32.6M$25.3Msame sector · same stage
Bfc - Dmc, LlcOtherSeries A$5.0M$12.5Mnetwork1 shared operator · same sector
Freegold Ventures LtdOtherSeries B$33.2M$25.3Msame sector · same stage
AFC-Dell Holding Corp.OtherSeries B$34.0M$25.5Msame sector · same stage
Sellars Absorbent Materials, Inc.OtherSeries B$34.3M$26.5Msame 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
Bfc-Mnm, LlcOtherSeries A$181.6M84%
Ink, Inc.Other TechnologySeed$719K82%
Black Ink Capital LLCOtherPre-Seed$18.5M82%
Particle Ink NY Ltd Liability CoOtherSeries A$90.8M80%
SYNCING INK Ltd Liability CoOtherSeed$2.2M80%
Black Ink Capital Mexico IV, LLCOtherPre-Seed$2.3M79%
Black Ink Capital Mexico II, LLCOtherPre-Seed$11.6M79%
Barrelmark, LLCOtherSeed$17.2M79%
Frequently asked
How much funding has Bfc-Ink, Llc raised?
Bfc-Ink, Llc has raised approximately $17.5M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Bfc-Ink, Llc's estimated valuation?
Provath's modeled valuation for Bfc-Ink, Llc is approximately $26.3M (modeled range $4.0M–$101.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Bfc-Ink, Llc at?
Bfc-Ink, Llc's latest modeled financing stage is Series B. Its most recent recorded round closed around Fri Nov 22.
What does Bfc-Ink, Llc do and where is it based?
Bfc-Ink, Llc operates in the Other sector, based in GRAND RAPIDS.
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