Companies · Environmental Services

Carden, LLC

Houston · Environmental Services

Diligence memoA one-page analyst read on Carden, LLC — recommendation, valuation, rhythm, risks.
$4.8M
Total raised · real
2
Rounds
0.2×
Latest step-up
Top 38%
Sector rank · raised
Seed
Latest stage · inferred · Thu Mar 25 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Carden, LLC looks fair 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. Valuation uses the climate/enviro 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 0.67× the median modeled value of Seed Environmental Services companies in 2019–2021 (10 peers) — value vs value, same stage and era.
  • Within the normal band (67% of peer median) for its niche.
Dormant
  • Last raise 5.3 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

Carden, 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
9.3 yr record
Peak capital year was 2017 with $4.0M across 1 filings.
Market position
ahead of 63% of Environmental Services peers
Capital scale is ahead of 63% of Environmental Services peers; modeled value is above 41% 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
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.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2017: $4.0M across 1 filings.
  • Largest single filing was $4.0M on 2017-03-07.
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 Environmental Services

Carden, LLC is one of 242 Environmental Services companies tracked from Houston. By capital raised it ranks mid-pack (ahead of 63% 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
$5M–$25M
Issuer revenue
Rule 504
Reg D exemption
10
Investors (latest)
2017
Year incorporated
2021-03-25
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$50M$100M$150M$200MSeed · 2017-03-07 Raised $4.0M (real) Modeled valuation $109M (est)$4.0M$109MSeed2017Seed · 2021-03-25 Raised $850K (real) Modeled valuation $17M (est)$850K$17MSeed2021+$850KCumulative $4.8M

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$4.0M · 2017
Seed extension$850K · 2021

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
$16.6M
Base estimate est.
$704K
Conservative case
$106.9M
Upside case
$4.3M
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 climate/enviro sector profile. Directional, not a quoted figure.

Seed · modeled $108.5M · 2017-03-072017Seed · modeled $16.6M · 2021-03-252021
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
37%
Survival probability
17% low · 57% high
1.57×/yr
Annual markup
2.05×/yr upside case
5.3 yr
Elapsed time used
5.3 yr actual, capped for stale marks
climate/enviro
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
49 mo
Avg between rounds
$1.2M/yr
Capital velocity
9.3 yr
On record since
2017
First round
2
Rounds on file
How it compares to the market

Benchmarked against 242 companies in Environmental 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) 2.1× above median
This company$4.8M
Sector median$2.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.6× of median
This company$850K
Sector median$1.5M
Modeled value — vs sector median (estimate, all stages) 0.7× of median
This company$16.6M
Sector median$25.3M

Raised more than 63% of sector peers (real $). Modeled value above 41% 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 #8 of 10.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$1.0M$10.0MCapital raised (log)Evergreen Environmental Partners, LLC · Seed Raised $3.2M · modeled $82.5M (est)Perma Fix Environmental Services Inc · Seed Raised $7.8M · modeled $67.8M (est)Spark Change Group Inc. · Seed Raised $6.6M · modeled $60.6M (est)Ubuntoo, Inc. · Seed Raised $3.3M · modeled $58.7M (est)High Desert H2O, LLC · Seed Raised $1.2M · modeled $31.7M (est)Civil & Environmental Consultants, Inc. · Seed Raised $2.6M · modeled $17.8M (est)MPH Energy Midco LP · Seed Raised $7.0M · modeled $16.7M (est)Accordant Energy, LLC · Seed Raised $7.0M · modeled $8.6M (est)Deep Green Waste & Recycling, Inc. · Seed Raised $1.6M · modeled $3.0M (est)Carden, LLC (this company) Raised $4.8M · modeled $16.6M (est)Carden, LLC
CompanyStageRaised · realValue · estvs peer med.
Evergreen Environmental Partners, LLCSeed$3.2M$82.5M3.33×
Perma Fix Environmental Services IncSeed$7.8M$67.8M2.74×
Spark Change Group Inc.Seed$6.6M$60.6M2.45×
Ubuntoo, Inc.Seed$3.3M$58.7M2.37×
High Desert H2O, LLCSeed$1.2M$31.7M1.28×
Civil & Environmental Consultants, Inc.Seed$2.6M$17.8M0.72×
MPH Energy Midco LPSeed$7.0M$16.7M0.68×
Carden, LLC this companySeed$4.8M$16.6M0.67×
Accordant Energy, LLCSeed$7.0M$8.6M0.35×
Deep Green Waste & Recycling, Inc.Seed$1.6M$3.0M0.12×
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$4.0M2017-03-07$20.0M$108.5M90%
Seed$850K2021-03-25$4.3M$16.6M90%
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$4.0M2017-03-07
    • First recorded raise — entered as Seed.
    • 10 investors on this round.
  2. Seed$850K2021-03-25
    • Raised again after 49 mo — slower than the ~11 mo sector norm.
    • Round 4.7× smaller than the prior — bridge or down round.
    • Revenue band moved No revenue → $5M–$25M.
    • Switched to Rule 504 (was Rule 506(b)).
    • 10 investors on this round.
Intelligence
2025 ~Q2
Modeled next raise · ~49mo cadence
$850K
Modeled next size est.range $850K$1.4M
0.2×
Last step-up
$1.2M/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
GREG A. WEDEL1 other2017-03
Mark A Moore1 other2017-03
AARON A. PATCH2021-03
Aaron A Patsch2017-03
MARK A. MORRIS2021-03
Mike Salmon2017-03
TREY WHITLEY2021-03
VANCE A. FAIRCHILD2017-03
Registry & provenance

Carden, 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
1700202
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
Circularity2, LLCEnvironmental ServicesSeed$4.8M$4.1Msame sector · same stage
Greenback - Produced Water Recovery, LlcEnvironmental ServicesSeed$5.0M$27.1Msame sector · same stage
Eos Climate IncEnvironmental ServicesSeed$5.1M$40.7Msame sector · same stage
Langan Management Aggregator LLCEnvironmental ServicesSeed$5.1M$657Ksame sector · same stage
Earth911, Inc.Environmental ServicesSeed$5.2M$11.3Msame sector · same stage
Swirltex Holdings Corp.Environmental ServicesSeed$4.5M$9.3Msame sector · same stage
Maxwest Environmental Systems IncEnvironmental ServicesSeed$4.5M$20.4Msame sector · same stage
H2Plus, LLCEnvironmental ServicesSeed$3.7M$16.1Msame 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
Bion Environmental Technologies IncEnvironmental ServicesSeries A$505K81%
PowerGrow LLCEnvironmental ServicesPre-Seed$13.0M79%
Ambiente LLCEnvironmental ServicesPre-Seed$5.1M79%
Green Steel Enviornmental, Inc.Environmental ServicesSeed$9.9M78%
Energy Water Solutions, LLCEnvironmental ServicesSeed$8.6M78%
Pittsburgh Water Holdings, LLCEnvironmental ServicesPre-Seed$33.7M78%
GTE Holdings LLCEnvironmental ServicesSeries A$5.6M78%
Paerosol LLCEnvironmental ServicesPre-Seed$970K77%
Frequently asked
How much funding has Carden, LLC raised?
Carden, LLC has raised approximately $4.8M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Carden, LLC's estimated valuation?
Provath's modeled valuation for Carden, LLC is approximately $16.6M (modeled range $704K–$106.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Carden, LLC at?
Carden, LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Thu Mar 25.
What does Carden, LLC do and where is it based?
Carden, LLC operates in the Environmental Services sector, based in Houston.
Explore related

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

Is this your company?

If you work at Carden, LLC, claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.