Companies · Other

BW-IGC, Inc.

SPOKANE · Other

Diligence memoA one-page analyst read on BW-IGC, Inc. — recommendation, valuation, rhythm, risks.→
$1.0M
Total raised · real
1
Rounds
—
Latest step-up
Top 64%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Fri Feb 18 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

BW-IGC, Inc. looks over-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.

Over-valued
  • Modeled value is 5.58× the median modeled value of Pre-Seed Other companies in 2022–2024 (1723 peers) — value vs value, same stage and era.
  • Issuer reports no revenue, yet is modeled well above niche peers.
Dormant
  • Last raise 4.4 yr ago; this sector typically re-raises about every 11 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
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

BW-IGC, Inc. is one of 25015 Other companies tracked from SPOKANE. By capital raised it ranks in the long tail (ahead of 37% 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
No revenue
Issuer revenue
Rule 504
Reg D exemption
12
Investors (latest)
2022
Year incorporated
2022-02-18
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$20MPre-Seed · 2022-02-18 Raised $1.0M (real) Modeled valuation $11M (est)$1.0M$11MPre-Seed2022

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$1.0M · 2022

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

Modeled valuation trajectory
$11.3M
Base estimate est.
$667K
Conservative case
$78.0M
Upside case
$5.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seed — a round under $1.0M). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
30%
Survival probability
12% low · 55% high
1.55×/yr
Annual markup
2.10×/yr upside case
4.4 yr
Elapsed time used
4.4 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
—
Avg between rounds
—
Capital velocity
4.6 yr
On record since
2022
First round
1
Rounds on file
How it compares to the market

Benchmarked against 25015 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)▼ 0.5× of median
This company$1.0M
Sector median$2.0M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage)▲ 2.9× above median
This company$1.0M
Sector median$350K
Modeled value — vs sector median (estimate, all stages)▼ 0.6× of median
This company$11.3M
Sector median$17.7M

Raised more than 37% of sector peers (real $). Modeled value above 40% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-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 #7 of 1,723.

This companyCohort peer
$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)El American Inc. · Pre-Seed Raised $1.0M · modeled $11.9M (est)AEA Hope, LLC · Pre-Seed Raised $1.0M · modeled $11.8M (est)Joy Milk Tea Inc. · Pre-Seed Raised $1.0M · modeled $11.7M (est)Manage Mindfully, Inc. · Pre-Seed Raised $1.0M · modeled $11.5M (est)ValiDateMe LLC · Pre-Seed Raised $1.0M · modeled $11.4M (est)Phoenix Asset Recovery Corp · Pre-Seed Raised $1.0M · modeled $11.3M (est)Hge Fic N Llc · Pre-Seed Raised $1.0M · modeled $10.7M (est)Isegoria, Inc · Pre-Seed Raised $1.0M · modeled $10.7M (est)Brookstone VC Blaze, LLC · Pre-Seed Raised $961K · modeled $10.5M (est)Supreme Colas LLC · Pre-Seed Raised $1.0M · modeled $10.5M (est)Asian Court Holdings, Inc. · Pre-Seed Raised $897K · modeled $10.5M (est)BW-IGC, Inc. (this company) Raised $1.0M · modeled $11.3M (est)BW-IGC, Inc.
CompanyStageRaised · realValue · estvs peer med.
El American Inc.Pre-Seed$1.0M$11.9M5.88×
AEA Hope, LLCPre-Seed$1.0M$11.8M5.85×
Joy Milk Tea Inc.Pre-Seed$1.0M$11.7M5.77×
Manage Mindfully, Inc.Pre-Seed$1.0M$11.5M5.70×
ValiDateMe LLCPre-Seed$1.0M$11.4M5.64×
Phoenix Asset Recovery CorpPre-Seed$1.0M$11.3M5.58×
BW-IGC, Inc. this companyPre-Seed$1.0M$11.3M5.58×
Hge Fic N LlcPre-Seed$1.0M$10.7M5.28×
Isegoria, IncPre-Seed$1.0M$10.7M5.26×
Brookstone VC Blaze, LLCPre-Seed$961K$10.5M5.20×
Supreme Colas LLCPre-Seed$1.0M$10.5M5.18×
Asian Court Holdings, Inc.Pre-Seed$897K$10.5M5.18×
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$1.0M2022-02-18$5.6M$11.3M90%
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$1.0M2022-02-18
    • First recorded raise — entered as Pre-Seed.
    • 12 investors on this round.
Intelligence
—
Modeled next raise
$1.6M
Modeled next size est.range $1.0M–$2.6M
—
Last step-up
—
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
David Martin—12 other2022-02
Gregory Johnson—7 other2022-02
Matthew Russell—1 other2022-02
Randal Squires——2022-02
Registry & provenance

BW-IGC, 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
1922617
SEC CIK
2022
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
Ultimate Pros, LLCOtherPre-Seed$500K$11.6Mnetwork1 shared operator · same sector · same stage
LOVE LOSS PRODUCTION Co LLCOtherPre-Seed$1.0M$11.6Msame sector · same stage
Love Never Dies London L.P.OtherPre-Seed$1.0M$11.6Msame sector · same stage
Manage Mindfully, Inc.OtherPre-Seed$1.0M$11.5Msame sector · same stage
Milne Spirit Works LLCOtherPre-Seed$1.0M$11.6Msame sector · same stage
Mozzo, Inc.OtherPre-Seed$1.0M$11.6Msame sector · same stage
OpenSpace Store, Inc.OtherPre-Seed$1.0M$11.6Msame sector · same stage
Phoenix Asset Recovery CorpOtherPre-Seed$1.0M$11.3Msame 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
Bwbc I LlcOtherSeed$35.9M86%
BG Holding Co LLCOtherPre-Seed$649K85%
BGLG, Inc.OtherSeed$1.5M84%
Ww International, Inc.OtherSeries B$286.5M83%
B2B/AMW Holdings, LLCOtherSeries A$91.1M83%
HKW GC Holdings, Inc.OtherSeries C$463.2M83%
SBW Holdings, LLCOtherPre-Seed$2.6M83%
Bhang Canada Inc.OtherSeed$5.1M82%
Frequently asked
How much funding has BW-IGC, Inc. raised?
BW-IGC, Inc. has raised approximately $1.0M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is BW-IGC, Inc.'s estimated valuation?
Provath's modeled valuation for BW-IGC, Inc. is approximately $11.3M (modeled range $667K–$78.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is BW-IGC, Inc. at?
BW-IGC, Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Fri Feb 18.
What does BW-IGC, Inc. do and where is it based?
BW-IGC, Inc. operates in the Other sector, based in SPOKANE.
Explore related

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