Companies · Construction

Cedar & Sage Development, LLC

EAGLE · Construction

Diligence memoA one-page analyst read on Cedar & Sage Development, LLC — recommendation, valuation, rhythm, risks.
$14.2M
Total raised · real
1
Rounds
3.7×
Latest step-up
Top 11%
Sector rank · raised
Series A
Latest stage · inferred · Thu Aug 03 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Cedar & Sage Development, LLC looks over-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. Valuation uses the construction sector profile.

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 2.01× the median modeled value of Series A Construction companies in 2022–2024 (42 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.9 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.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Cedar & Sage Development, 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
2.9 yr record
Peak capital year was 2023 with $24.1M across 3 filings.
Market position
ahead of 90% of Construction peers
Capital scale is ahead of 90% of Construction peers; modeled value is above 90% 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Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.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 2023: $24.1M across 3 filings.
  • Largest single filing was $14.2M on 2023-08-03.
  • Filing rows sum to $24.1M, while canonical raised total is $14.2M; 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.
  • 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 Construction

Cedar & Sage Development, LLC is one of 1337 Construction companies tracked from EAGLE. By capital raised it ranks among the largest (ahead of 90% of sector peers), and among the largest 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
26
Investors (latest)
2023
Year incorporated
2023-08-03
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$25M$50M$75M$100MSeries A · 2023-08-03 Raised $14M (real) Modeled valuation $55M (est)$14M$55MSeries A2023Seed · 2023-08-03 Raised $2.1M (real) Modeled valuation $8.1M (est)$2.1M$8.1MSeed2023Series A · 2023-08-03 Raised $7.8M (real) Modeled valuation $30M (est)$7.8M$30MSeries A2023+$2.1M+$7.8MCumulative $24M

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
Series A$14.2M · 2023
Bridge · Series A-stage$2.1M · 2023smaller follow-on
Series A extension$7.8M · 2023

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: 67%.

Modeled valuation trajectory
$54.9M
Base estimate est.
$19.4M
Conservative case
$146.5M
Upside case
$64.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the construction sector profile. Directional, not a quoted figure.

Series A · modeled $54.9M · 2023-08-032023Seed · modeled $8.1M · 2023-08-03Series A · modeled $30.1M · 2023-08-032023
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
55%
Survival probability
30% low · 75% high
1.16×/yr
Annual markup
1.46×/yr upside case
2.9 yr
Elapsed time used
2.9 yr actual, capped for stale marks
construction
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
2.9 yr
On record since
2023
First round
3
Rounds on file
How it compares to the market

Benchmarked against 1337 companies in Construction. 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) 5.9× above median
This company$14.2M
Sector median$2.4M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.2× above median
This company$7.8M
Sector median$6.3M
Modeled value — vs sector median (estimate, all stages) 5.5× above median
This company$54.9M
Sector median$9.9M

Raised more than 90% of sector peers (real $). Modeled value above 90% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #4 of 42.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Structural Investment Holdings, LLC · Series A Raised $15.0M · modeled $70.5M (est)Elgin Oaks LP · Series A Raised $14.0M · modeled $64.6M (est)Griffon Stryker Frisco Llc · Series A Raised $11.7M · modeled $56.0M (est)Umbra Companies, Inc. · Series A Raised $15.0M · modeled $52.7M (est)Wsr Holdco Llc · Series A Raised $10.9M · modeled $51.6M (est)Willow Creek Condos LLC · Series A Raised $12.0M · modeled $49.4M (est)Franklin Flats Apartment Partners, LLC · Series A Raised $10.1M · modeled $46.0M (est)Ascent Park City Investors LLC · Series A Raised $12.0M · modeled $44.2M (est)Pengyou Kinsley BTR LLC · Series A Raised $12.0M · modeled $42.0M (est)Pengyou Tate Bend LLC · Series A Raised $12.0M · modeled $41.8M (est)LKCap Ascent LLC · Series A Raised $10.0M · modeled $36.4M (est)Cedar & Sage Development, LLC (this company) Raised $14.2M · modeled $54.9M (est)Cedar & Sage Development, LLC
CompanyStageRaised · realValue · estvs peer med.
Structural Investment Holdings, LLCSeries A$15.0M$70.5M2.58×
Elgin Oaks LPSeries A$14.0M$64.6M2.36×
Griffon Stryker Frisco LlcSeries A$11.7M$56.0M2.05×
Cedar & Sage Development, LLC this companySeries A$14.2M$54.9M2.01×
Umbra Companies, Inc.Series A$15.0M$52.7M1.93×
Wsr Holdco LlcSeries A$10.9M$51.6M1.89×
Willow Creek Condos LLCSeries A$12.0M$49.4M1.81×
Franklin Flats Apartment Partners, LLCSeries A$10.1M$46.0M1.68×
Ascent Park City Investors LLCSeries A$12.0M$44.2M1.62×
Pengyou Kinsley BTR LLCSeries A$12.0M$42.0M1.54×
Pengyou Tate Bend LLCSeries A$12.0M$41.8M1.53×
LKCap Ascent LLCSeries A$10.0M$36.4M1.33×
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.
Series A$14.2M2023-08-03$64.7M$54.9M90%
Seed$2.1M2023-08-03$10.6M$8.1M90%
Series A$7.8M2023-08-03$35.4M$30.1M90%
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. Series A$14.2M2023-08-03
    • First recorded raise — entered as Series A.
    • 30 investors on this round.
  2. Seed$2.1M2023-08-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 6.7× smaller than the prior — bridge or down round.
    • 9 investors on this round.
  3. Series A$7.8M2023-08-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.7× larger than the prior — scaling up.
    • 26 investors on this round.
Intelligence
Modeled next raise
$23.4M
Modeled next size est.range $15.2M$37.4M
3.7×
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 Gintz2023-08
Melissa Drees2023-08
Rich Cook2023-08
Tim Larsen2023-08
Registry & provenance

Cedar & Sage Development, 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
2002746
SEC CIK
2023
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
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Elgin Oaks LPConstructionSeries A$14.0M$64.6Msame sector · same stage
LP Kirtley Road LLCConstructionSeries A$14.6M$43.6Msame sector · same stage
Ch 2025 LlcConstructionSeries A$13.8M$42.7Msame sector · same stage
CO Barricade Holdco LLCConstructionSeries A$14.7M$21.0Msame sector · same stage
TOP New Partnership 2016, L.P.ConstructionSeries A$13.6M$83.1Msame sector · same stage
CR Aventura Partners LLCConstructionSeries A$15.0M$37.5Msame 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
Sage-Mount Vernon 1, LlcConstructionPre-Seed$3.2M84%
Fremont Woodland LLCConstructionPre-Seed$2.8M82%
513 Acacia, LLCConstructionPre-Seed$2.8M81%
Fremont Woodland Apartments, LLCConstructionPre-Seed$8.3M80%
6S ORLY Cedar Springs MI LLCConstructionPre-Seed$4.0M80%
Sunrise Rancho, LLCConstructionSeries A$21.8M80%
Cascada Bend, LLCConstructionPre-Seed$1.3M79%
Buckhorn Valley Holdings, LLCConstructionSeries A$64.6M79%
Frequently asked
How much funding has Cedar & Sage Development, LLC raised?
Cedar & Sage Development, LLC has raised approximately $14.2M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Cedar & Sage Development, LLC's estimated valuation?
Provath's modeled valuation for Cedar & Sage Development, LLC is approximately $54.9M (modeled range $19.4M–$146.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Cedar & Sage Development, LLC at?
Cedar & Sage Development, LLC's latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Aug 03.
What does Cedar & Sage Development, LLC do and where is it based?
Cedar & Sage Development, LLC operates in the Construction sector, based in EAGLE.
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