Companies · Other

Carolina FC LLC

RALEIGH · Other

Diligence memoA one-page analyst read on Carolina FC LLC — recommendation, valuation, rhythm, risks.
$2.0M
Total raised · real
2
Rounds
3.0×
Latest step-up
Top 51%
Sector rank · raised
Seed
Latest stage · inferred · Mon Jul 22 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Carolina FC LLC looks under-valued 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.

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 0.55× the median modeled value of Seed Other companies in 2022–2024 (1231 peers) — value vs value, same stage and era.
At-risk
  • Last raise 23 mo ago; this sector typically re-raises about every 11 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

Carolina FC 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
2.5 yr record
Peak capital year was 2024 with $2.0M across 2 filings.
Market position
ahead of 50% of Other peers
Capital scale is ahead of 50% of Other peers; modeled value is above 29% 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 2024: $2.0M across 2 filings.
  • Largest single filing was $1.5M on 2024-07-22.
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

Carolina FC LLC is one of 25008 Other companies tracked from RALEIGH. By capital raised it ranks mid-pack (ahead of 50% 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
3
Investors (latest)
2024-07-22
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$2.5M$5.0M$7.5M$10MPre-Seed · 2024-01-15 Raised $500K (real) Modeled valuation $2.4M (est)$500K$2.4MPre-Seed2024Seed · 2024-07-22 Raised $1.5M (real) Modeled valuation $6.2M (est)$1.5M$6.2MSeed2024+$1.5MCumulative $2.0M

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$500K · 2024
Seed$1.5M · 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
$6.2M
Base estimate est.
$1.4M
Conservative case
$16.2M
Upside case
$7.5M
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 $2.4M · 2024-01-152024Seed · modeled $6.2M · 2024-07-222024
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
1.9 yr
Elapsed time used
1.9 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
6 mo
Avg between rounds
$3.9M/yr
Capital velocity
2.5 yr
On record since
2024
First round
2
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) 1.0× of median
This company$2.0M
Sector median$2.0M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.9× of median
This company$1.5M
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$6.2M
Sector median$17.7M

Raised more than 50% of sector peers (real $). Modeled value above 29% 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 #1001 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)Carolina FC LLC (this company) Raised $2.0M · modeled $6.2M (est)Carolina FC 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×
Carolina FC LLC this companySeed$2.0M$6.2M0.55×
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$500K2024-01-15$2.8M$2.4M90%
Seed$1.5M2024-07-22$7.5M$6.2M90%
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$500K2024-01-15
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Seed$1.5M2024-07-22
    • Came back fast: 6 mo vs the ~11 mo sector norm.
    • Round 3.0× larger than the prior — scaling up.
    • 3 investors on this round.
Intelligence
2025 ~Q1
Modeled next raise · ~6mo cadence
$4.5M
Modeled next size est.range $2.9M$7.2M
3.0×
Last step-up
$3.9M/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
Stephen N. Malik3 other2024-01
Registry & provenance

Carolina FC 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
2009526
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
Culture House Immersive Slate One, LLCOtherSeed$2.0M$6.3Msame sector · same stage
Hondo Group, LLCOtherSeed$2.0M$6.0Msame sector · same stage
Keepin Out of Mischief Ltd Liability CoOtherSeed$2.0M$6.3Msame sector · same stage
Kaylee Developmental LlcOtherSeed$2.0M$6.3Msame sector · same stage
KinCap District, LLCOtherSeed$2.0M$5.9Msame sector · same stage
Level 14 Ventures Ltd.OtherSeed$2.1M$6.0Msame sector · same stage
Aae Tg Op-Co Las Vegas LlcOtherSeed$1.9M$6.0Msame sector · same stage
Boichik Bagels Inc.OtherSeed$1.9M$6.5Msame 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
North Carolina Pro Soccer, LLCOtherSeries A$86.0M89%
FC Partners Cesena, LLCOtherPre-Seed$2.5M84%
RB FC Holdings, C.V.OtherGrowth/Late$6.1B82%
FC Obert 14, LLC.OtherPre-Seed$3.4M82%
FC Boston Holdings, Inc.OtherSeed$37.2M81%
USL San Diego, LLCOtherPre-Seed$6.9M81%
Commonwealth Soccer, LLCOtherSeries A$66.2M80%
Street FC, Inc.OtherSeed$13.6M80%
Frequently asked
How much funding has Carolina FC LLC raised?
Carolina FC LLC has raised approximately $2.0M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Carolina FC LLC's estimated valuation?
Provath's modeled valuation for Carolina FC LLC is approximately $6.2M (modeled range $1.4M–$16.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Carolina FC LLC at?
Carolina FC LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Mon Jul 22.
What does Carolina FC LLC do and where is it based?
Carolina FC LLC operates in the Other sector, based in RALEIGH.
Explore related

See where Carolina FC 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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