Companies · Other

Biked, LLC

GRAND RAPIDS · Other

Diligence memoA one-page analyst read on Biked, LLC — recommendation, valuation, rhythm, risks.
$3.3M
Total raised · real
4
Rounds
6.7×
Latest step-up
Top 43%
Sector rank · raised
Seed
Latest stage · inferred · Wed Sep 25 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Biked, LLC looks under-valued against its niche peers and is quiet 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 0.34× the median modeled value of Seed Other companies in 2022–2024 (1231 peers) — value vs value, same stage and era.
Quiet
  • Last raise 21 mo ago; this sector typically re-raises about every 11 months.
  • Slightly overdue versus sector 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

Biked, 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
3.1 yr record
Peak capital year was 2023 with $2.1M across 2 filings.
Market position
ahead of 58% of Other peers
Capital scale is ahead of 58% of Other peers; modeled value is above 21% 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 2023: $2.1M across 2 filings.
  • Largest single filing was $2.0M on 2023-06-06.
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.
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

Biked, LLC is one of 25008 Other companies tracked from GRAND RAPIDS. By capital raised it ranks mid-pack (ahead of 58% 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
Rule 506(b)
Reg D exemption
2023
Year incorporated
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$5.0M$10M$15M$20MPre-Seed · 2023-05-19 Raised $120K (real) Modeled valuation $784K (est)$120K$784KPre-Seed2023Seed · 2023-06-06 Raised $2.0M (real) Modeled valuation $13M (est)$2.0M$13MSeed2023Seed · 2024-09-15 Raised $150K (real) Modeled valuation $584K (est)$150K$584KSeed2024Seed · 2024-09-25 Raised $1.0M (real) Modeled valuation $3.9M (est)$1.0M$3.9MSeed2024+$2.0M+$150K+$1.0MCumulative $3.3M

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$120K · 2023
Seed$2.0M · 2023
Seed extension$150K · 2024
Seed extension$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
$3.9M
Base estimate est.
$900K
Conservative case
$9.6M
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. Directional, not a quoted figure.

Pre-Seed · modeled $784K · 2023-05-192023Seed · modeled $12.5M · 2023-06-06Seed · modeled $584K · 2024-09-15Seed · modeled $3.9M · 2024-09-252024
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
40%
Survival probability
18% low · 62% high
1.45×/yr
Annual markup
1.90×/yr upside case
1.8 yr
Elapsed time used
1.8 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
5 mo
Avg between rounds
$2.4M/yr
Capital velocity
3.1 yr
On record since
2023
First round
4
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) 1.6× above median
This company$3.3M
Sector median$2.0M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.6× of median
This company$1.0M
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$3.9M
Sector median$17.7M

Raised more than 58% of sector peers (real $). Modeled value above 21% 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 #1144 of 1,231.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)Dropee Inc. · Seed Raised $3.9M · modeled $40.6M (est)NFH Northern Project Development, LLC · Seed Raised $4.0M · modeled $40.6M (est)FactorFund-Note-2022 LLC · Seed Raised $4.0M · modeled $40.0M (est)Immersion Elements LLC · Seed Raised $3.8M · modeled $39.9M (est)Possip, Inc. · Seed Raised $5.8M · modeled $39.6M (est)Porch Group, Inc. · Seed Raised $6.0M · modeled $38.8M (est)Rootwurks, Inc. · Seed Raised $3.9M · modeled $38.7M (est)Cordelia Capital Holdings Inc. · Seed Raised $3.9M · modeled $38.3M (est)99 Counties, Inc. · Seed Raised $3.7M · modeled $38.1M (est)2910 Richmond Hill 1 LLC · Seed Raised $3.8M · modeled $37.5M (est)BH Polycor Holding Inc. · Seed Raised $3.9M · modeled $37.0M (est)FitJoy, Inc. · Seed Raised $3.7M · modeled $36.9M (est)Biked, LLC (this company) Raised $3.3M · modeled $3.9M (est)Biked, LLC
CompanyStageRaised · realValue · estvs peer med.
Dropee Inc.Seed$3.9M$40.6M3.61×
NFH Northern Project Development, LLCSeed$4.0M$40.6M3.61×
FactorFund-Note-2022 LLCSeed$4.0M$40.0M3.56×
Immersion Elements LLCSeed$3.8M$39.9M3.55×
Possip, Inc.Seed$5.8M$39.6M3.52×
Porch Group, Inc.Seed$6.0M$38.8M3.45×
Rootwurks, Inc.Seed$3.9M$38.7M3.44×
Cordelia Capital Holdings Inc.Seed$3.9M$38.3M3.41×
99 Counties, Inc.Seed$3.7M$38.1M3.38×
2910 Richmond Hill 1 LLCSeed$3.8M$37.5M3.33×
BH Polycor Holding Inc.Seed$3.9M$37.0M3.28×
FitJoy, Inc.Seed$3.7M$36.9M3.28×
Biked, LLC this companySeed$3.3M$3.9M0.34×
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$120K2023-05-19$667K$784K90%
Seed$2.0M2023-06-06$10.0M$12.5M90%
Seed$150K2024-09-15$750K$584K90%
Seed$1.0M2024-09-25$5.0M$3.9M90%
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$120K2023-05-19
    • First recorded raise — entered as Pre-Seed.
    • 7 investors on this round.
  2. Seed$2.0M2023-06-06
    • Came back fast: 1 mo vs the ~11 mo sector norm.
    • Round 16.7× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 504).
  3. Seed$150K2024-09-15
    • Raised 15 mo later, in step with the ~11 mo sector norm.
    • Round 13.3× smaller than the prior — bridge or down round.
    • Switched to Rule 504 (was Rule 506(b)).
    • 1 investor on this round.
  4. Seed$1.0M2024-09-25
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 6.7× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 504).
Intelligence
2025 ~Q1
Modeled next raise · ~5mo cadence
$3.0M
Modeled next size est.range $2.0M$4.8M
6.7×
Last step-up
$2.4M/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
DANIEL JOHNSON4 other2023-05
David Hopson1 other2023-05
Jeffrey Mark Barrett2023-05
Registry & provenance

Biked, 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
1978714
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
Biked, Inc.OtherSeed$1.5M$12.1Mnetwork1 shared operator · same sector · same stage
'Merican Mule, Inc.OtherSeed$3.5M$3.9Msame sector · same stage
SignaTouch CorpOtherSeed$3.5M$4.0Msame sector · same stage
Love, Nala Inc.OtherSeed$3.0M$3.9Msame sector · same stage
RioSoft Holdings, Inc.OtherSeed$3.0M$3.7Msame sector · same stage
Ultimate Life, LLCOtherSeed$3.0M$3.7Msame sector · same stage
Pershing VenturesOtherSeed$2.8M$3.7Msame sector · same stage
One King Entertainment, IncOtherSeed$3.8M$4.0Msame 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
Biked, Inc.OtherSeed$12.1M97%
Rev'd Indoor Cycling LLCOtherPre-Seed$4.6M83%
Public Bikes, Inc.OtherSeed$12.4M83%
Ross Bicycles LLCOtherSeries A$10.0M81%
SnapNHD, LLCOtherPre-Seed$4.4M81%
Mycocycle, Inc.OtherSeed$6.0M81%
Vindex LLCOtherSeries C$389.4M81%
Day 6 Bicycles, LLCOtherPre-Seed$4.6M80%
Frequently asked
How much funding has Biked, LLC raised?
Biked, LLC has raised approximately $3.3M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Biked, LLC's estimated valuation?
Provath's modeled valuation for Biked, LLC is approximately $3.9M (modeled range $900K–$9.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Biked, LLC at?
Biked, LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Wed Sep 25.
What does Biked, LLC do and where is it based?
Biked, LLC operates in the Other sector, based in GRAND RAPIDS.
Explore related

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