BWR Innovations LLC looks under-valued against its niche peers and is at-risk on financing cadence.
Raised $3.3M across 4 disclosed rounds, last modeled as Seed (a $1.0M–$4.0M round).
Modeled value is 0.19× the median modeled value of Seed Other Technology companies in 2022–2024 (1103 peers) — value vs value, same stage and era.
Valued on the technology profile — its sector's growth and survival benchmarks differ from the market default, so the same raise is worth more or less here.
Last raise 2.9 yr ago; this sector typically re-raises about every 13 months.
Latest round stepped up 1.5× from the prior — scaling.
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.
Under-valued
Modeled value is 0.19× the median modeled value of Seed Other Technology companies in 2022–2024 (1103 peers) — value vs value, same stage and era.
Issuer reports $0–$1M revenue while modeled below niche peers.
At-risk
Last raise 2.9 yr ago; this sector typically re-raises about every 13 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.
Issuer-vehicle patternmedium confidence
BWR Innovations 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
8.0 yr record
Peak capital year was 2018 with $8.8M across 7 filings.
Market position
ahead of 51% of Other Technology peers
Capital scale is ahead of 51% of Other Technology peers; modeled value is above 7% 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Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.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 2018: $8.8M across 7 filings.
Largest single filing was $3.0M on 2018-07-01.
Filing rows sum to $11.1M, while canonical raised total is $3.3M; 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
BWR Innovations LLC is one of 21302 Other Technology companies tracked from Fargo. By capital raised it ranks mid-pack (ahead of 51% 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
$0–$1M
Issuer revenue
Rule 506(b)
Reg D exemption
1
Investors (latest)
2018
Year incorporated
2023-07-27
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
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$3.0M · 2018
Seed extension$1.3M · 2018
Bridge · Seed-stage$1.0M · 2018smaller follow-on
Bridge · Seed-stage$750K · 2018smaller follow-on
Seed extension$1.5M · 2018
Bridge · Seed-stage$1.0M · 2018smaller follow-on
Bridge · Seed-stage$250K · 2018smaller follow-on
Bridge · Seed-stage$200K · 2021smaller follow-on
Bridge · Seed-stage$150K · 2021smaller follow-on
Bridge · Seed-stage$165K · 2021smaller follow-on
Seed extension$1.2M · 2021
Seed extension$250K · 2023
Seed extension$380K · 2023
Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.
Modeled valuation trajectory
$3.0M
Base estimate est.
$335K
Conservative case
$10.3M
Upside case
$1.9M
Modeled post-money
Round size and date are reported; the stage label is inferred from round size (latest is Seed — a $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.
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
2.9 yr
Elapsed time used
2.9 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
5 mo
Avg between rounds
$657K/yr
Capital velocity
8.0 yr
On record since
2018
First round
13
Rounds on file
How it compares to the market
Benchmarked against 21302 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)▲ 1.0× above median
This company$3.3M
Sector median$3.2M
Latest round — vs other Seed rounds in sector (real $, this stage)▼ 0.2× of median
This company$380K
Sector median$1.8M
Modeled value — vs sector median (estimate, all stages)▼ 0.1× of median
This company$3.0M
Sector median$37.3M
Raised more than 51% of sector peers (real $). Modeled value above 7% 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 valueest. (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 #1050 of 1,103.
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.
Stage
Amount · real
Announced
Post-money · est
Value · est
Conf.
Seed
$3.0M
2018-07-01
$15.0M
$102.2M
90%
Seed
$1.3M
2018-10-24
$6.3M
$42.6M
90%
Pre-Seed
$1.0M
2018-10-24
$5.6M
$42.4M
90%
Pre-Seed
$750K
2018-10-24
$4.2M
$31.8M
90%
Seed
$1.5M
2018-10-24
$7.5M
$51.1M
90%
Pre-Seed
$1.0M
2018-10-24
$5.6M
$42.4M
90%
Pre-Seed
$250K
2018-10-24
$1.4M
$10.6M
90%
Pre-Seed
$200K
2021-07-21
$1.1M
$4.8M
90%
Pre-Seed
$150K
2021-07-21
$833K
$3.6M
90%
Pre-Seed
$165K
2021-07-21
$917K
$3.9M
90%
Seed
$1.2M
2021-07-21
$6.0M
$24.8M
90%
Seed
$250K
2023-01-17
$1.3M
$2.5M
90%
Seed
$380K
2023-07-27
$1.9M
$3.0M
90%
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.
Seed$3.0M2018-07-01
First recorded raise — entered as Seed.
Seed$1.3M2018-10-24
Came back fast: 4 mo vs the ~13 mo sector norm.
Round 2.4× smaller than the prior — bridge or down round.
Revenue band moved No revenue → $0–$1M.
1 investor on this round.
Pre-Seed$1.0M2018-10-24
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round roughly the size of the prior one.
1 investor on this round.
Pre-Seed$750K2018-10-24
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round 1.3× smaller than the prior — bridge or down round.
1 investor on this round.
Seed$1.5M2018-10-24
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round 2.0× larger than the prior — scaling up.
1 investor on this round.
Pre-Seed$1.0M2018-10-24
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round 1.5× smaller than the prior — bridge or down round.
1 investor on this round.
Pre-Seed$250K2018-10-24
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round 4.0× smaller than the prior — bridge or down round.
Revenue band moved $0–$1M → No revenue.
1 investor on this round.
Pre-Seed$200K2021-07-21
Raised again after 33 mo — slower than the ~13 mo sector norm.
Round roughly the size of the prior one.
Revenue band moved No revenue → $0–$1M.
2 investors on this round.
Pre-Seed$150K2021-07-21
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round 1.3× smaller than the prior — bridge or down round.
1 investor on this round.
Pre-Seed$165K2021-07-21
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round roughly the size of the prior one.
1 investor on this round.
Seed$1.2M2021-07-21
Filed alongside the prior round (same month) — likely a tranche or amendment.
Round 7.3× larger than the prior — scaling up.
3 investors on this round.
Seed$250K2023-01-17
Raised 18 mo later, in step with the ~13 mo sector norm.
Round 4.8× smaller than the prior — bridge or down round.
1 investor on this round.
Seed$380K2023-07-27
Came back fast: 6 mo vs the ~13 mo sector norm.
Round 1.5× larger than the prior — scaling up.
1 investor on this round.
Intelligence
2023 ~Q4
Modeled next raise · ~5mo cadence
$578K
Modeled next size est.range $380K–$924K
1.5×
Last step-up
$657K/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.
BWR Innovations 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
1754634
SEC CIK
2018
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.
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.
BWR Innovations LLC has raised approximately $3.3M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is BWR Innovations LLC's estimated valuation?
Provath's modeled valuation for BWR Innovations LLC is approximately $3.0M (modeled range $335K–$10.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is BWR Innovations LLC at?
BWR Innovations LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Thu Jul 27.
What does BWR Innovations LLC do and where is it based?
BWR Innovations LLC operates in the Other Technology sector, based in Fargo.
Explore related
See where BWR Innovations LLC sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
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