Companies · Business Services

Boxcar Inc.

CHATHAM · Business Services

Diligence memoA one-page analyst read on Boxcar Inc. — recommendation, valuation, rhythm, risks.
$4.1M
Total raised · real
2
Rounds
1.5×
Latest step-up
Top 26%
Sector rank · raised
Seed
Latest stage · inferred · Fri Apr 26 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Boxcar Inc. looks fair 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 business services 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 0.99× the median modeled value of Seed Business Services companies in 2022–2024 (98 peers) — value vs value, same stage and era.
  • Within the normal band (99% of peer median) for its niche.
At-risk
  • Last raise 2.2 yr ago; this sector typically re-raises about every 12 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

Boxcar Inc. is one of 2438 Business Services companies tracked from CHATHAM. By capital raised it ranks in the upper tier (ahead of 75% 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
18
Investors (latest)
2024-04-26
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$5.0M$10M$15M$20MSeed · 2022-07-21 Raised $1.7M (real) Modeled valuation $18M (est)$1.7M$18MSeed2022Seed · 2024-04-26 Raised $2.5M (real) Modeled valuation $13M (est)$2.5M$13MSeed2024+$2.5MCumulative $4.1M

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$1.7M · 2022
Seed extension$2.5M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$12.6M
Base estimate est.
$2.3M
Conservative case
$35.1M
Upside case
$12.3M
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 $17.7M · 2022-07-212022Seed · modeled $12.6M · 2024-04-262024
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
2.2 yr
Elapsed time used
2.2 yr actual, capped for stale marks
business services
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
21 mo
Avg between rounds
$2.3M/yr
Capital velocity
3.9 yr
On record since
2022
First round
2
Rounds on file
How it compares to the market

Benchmarked against 2438 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) 2.8× above median
This company$4.1M
Sector median$1.5M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.5× above median
This company$2.5M
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 0.8× of median
This company$12.6M
Sector median$15.1M

Raised more than 75% of sector peers (real $). Modeled value above 56% 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 #50 of 98.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Astralabs Inc. · Seed Raised $8.0M · modeled $41.4M (est)Partnerslate, Inc. · Seed Raised $4.8M · modeled $36.8M (est)Resolve Advocates, Inc. · Seed Raised $3.6M · modeled $36.6M (est)OBM, Inc. · Seed Raised $3.0M · modeled $34.8M (est)Mooveguru, Inc. · Seed Raised $5.6M · modeled $31.7M (est)EF Capital Management, LLC · Seed Raised $2.8M · modeled $31.0M (est)scoutbird, Inc. · Seed Raised $3.2M · modeled $30.6M (est)GS Management, LLC · Seed Raised $10.3M · modeled $28.6M (est)First Arriving IO, Inc. · Seed Raised $3.7M · modeled $28.0M (est)Beagle Services Inc. · Seed Raised $4.2M · modeled $26.7M (est)RippleWorx, Inc. · Seed Raised $3.0M · modeled $26.6M (est)Supplycaddy, Inc. · Seed Raised $3.2M · modeled $26.6M (est)Boxcar Inc. (this company) Raised $4.1M · modeled $12.6M (est)Boxcar Inc.
CompanyStageRaised · realValue · estvs peer med.
Astralabs Inc.Seed$8.0M$41.4M3.26×
Partnerslate, Inc.Seed$4.8M$36.8M2.89×
Resolve Advocates, Inc.Seed$3.6M$36.6M2.88×
OBM, Inc.Seed$3.0M$34.8M2.74×
Mooveguru, Inc.Seed$5.6M$31.7M2.49×
EF Capital Management, LLCSeed$2.8M$31.0M2.43×
scoutbird, Inc.Seed$3.2M$30.6M2.41×
GS Management, LLCSeed$10.3M$28.6M2.25×
First Arriving IO, Inc.Seed$3.7M$28.0M2.20×
Beagle Services Inc.Seed$4.2M$26.7M2.10×
RippleWorx, Inc.Seed$3.0M$26.6M2.09×
Supplycaddy, Inc.Seed$3.2M$26.6M2.09×
Boxcar Inc. this companySeed$4.1M$12.6M0.99×
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$1.7M2022-07-21$8.3M$17.7M90%
Seed$2.5M2024-04-26$12.3M$12.6M90%
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$1.7M2022-07-21
    • First recorded raise — entered as Seed.
    • 20 investors on this round.
  2. Seed$2.5M2024-04-26
    • Raised again after 21 mo — slower than the ~12 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 18 investors on this round.
Intelligence
2026 ~Q1
Modeled next raise · ~21mo cadence
$3.7M
Modeled next size est.range $2.5M$5.9M
1.5×
Last step-up
$2.3M/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
Dan James Kelly2022-07
Joseph James Colangelo2022-07
Owen Sanderson Lee2022-07
Registry & provenance

Boxcar Inc. 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
1945555
SEC CIK
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
Wake, Inc.Business ServicesSeed$4.1M$7.5Msame sector · same stage
Commerce Club, LLCBusiness ServicesSeed$4.0M$14.1Msame sector · same stage
ESG Holdco, LLCBusiness ServicesSeed$4.0M$11.2Msame sector · same stage
Office Libations IncBusiness ServicesSeed$4.0M$14.5Msame sector · same stage
Sanctum Media Group, Inc.Business ServicesSeed$4.0M$8.2Msame sector · same stage
Newscrafted L.L.C.Business ServicesSeed$3.8M$10.1Msame sector · same stage
Transitiv, Inc.Business ServicesSeed$3.8M$10.2Msame sector · same stage
First Call Ventures, LLCBusiness ServicesSeed$3.8M$10.1Msame 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
Digital Site Box, Inc.Business ServicesPre-Seed$961K83%
Boxcar Durham, LLCOtherPre-Seed$9.7M83%
Driven Deliveries, Inc.Business ServicesSeed$49.5M81%
Propeller, Inc.Business ServicesPre-Seed$20.5M80%
Boxx Ventures LLCRetailingPre-Seed$1.4M80%
BoxCo Interactive IncOtherSeries A$32.5M79%
RailPros Holdings, LLCBusiness ServicesPre-Seed$13.8M78%
Boxiz, Inc.OtherPre-Seed$3.7M78%
Frequently asked
How much funding has Boxcar Inc. raised?
Boxcar Inc. has raised approximately $4.1M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Boxcar Inc.'s estimated valuation?
Provath's modeled valuation for Boxcar Inc. is approximately $12.6M (modeled range $2.3M–$35.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Boxcar Inc. at?
Boxcar Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Apr 26.
What does Boxcar Inc. do and where is it based?
Boxcar Inc. operates in the Business Services sector, based in CHATHAM.
Explore related

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

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