Companies · SaaS / Software

Complete, LLCWinter 2022Active

BILLINGS · CA, USA · SaaS / Software · refined from filed group “Other Technology · founded 2022 · https://complete.so

Diligence memoA one-page analyst read on Complete, LLC — recommendation, valuation, rhythm, risks.
$2.1M
Total raised · real
3
Rounds
1.0×
Latest step-up
Top 12%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Fri Feb 28 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Complete, LLC has raised $2.1M over 3 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the saas sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Dormant
  • Last raise 6.3 yr ago; this sector typically re-raises about every 22 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

Complete, 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
9.1 yr record
Peak capital year was 2018 with $1.1M across 2 filings.
Market position
ahead of 89% of SaaS / Software peers
Capital scale is ahead of 89% of SaaS / Software peers; modeled value is above 87% 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
Some evidence
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.
  • Capital program peaked in 2018: $1.1M across 2 filings.
  • Largest single filing was $1.0M on 2017-06-06.
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 SaaS / Software

Complete, LLC is one of 381 SaaS / Software companies tracked from BILLINGS, CA, USA, on record since 2022. By capital raised it ranks in the upper tier (ahead of 89% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

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As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2020-02-28
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$13M$25M$38M$50MPre-Seed · 2017-06-06 Raised $1.0M (real) Modeled valuation $48M (est)$1.0M$48MPre-Seed2017Pre-Seed · 2018-04-20 Raised $1.0M (real) Modeled valuation $48M (est)$1.0M$48MPre-Seed2018Pre-Seed · 2018-04-20 Raised $100K (real) Modeled valuation $4.8M (est)$100K$4.8MPre-Seed2018Pre-Seed · 2020-02-28 Raised $100K (real) Modeled valuation $4.8M (est)$100K$4.8MPre-Seed2020+$1.0M+$100K+$100KCumulative $2.2M

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 · 2017
Pre-Seed extension$1.0M · 2018
Pre-Seed extension$100K · 2018
Pre-Seed extension$100K · 2020

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

Modeled valuation trajectory
$4.8M
Base estimate est.
$67K
Conservative case
$54.6M
Upside case
$556K
Modeled post-money

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

Pre-Seed · modeled $48.1M · 2017-06-062017Pre-Seed · modeled $48.1M · 2018-04-20Pre-Seed · modeled $4.8M · 2018-04-20Pre-Seed · modeled $4.8M · 2020-02-282020
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
30%
Survival probability
12% low · 55% high
1.75×/yr
Annual markup
2.37×/yr upside case
6.0 yr
Elapsed time used
6.3 yr actual, capped for stale marks
saas
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$769K/yr
Capital velocity
9.1 yr
On record since
2017
First round
4
Rounds on file
How it compares to the market

Benchmarked against 381 companies in SaaS / Software. 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) 0.3× of median
This company$2.1M
Sector median$7.7M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.2× of median
This company$100K
Sector median$500K
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$4.8M
Sector median$86.5M

Raised more than 89% of sector peers (real $). Modeled value above 87% 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.

Not enough valued peers in this cohort to chart positioning.

CompanyStageRaised · realValue · estvs peer med.
Complete, LLC this companyPre-Seed$2.1M$4.8M1.02×
Brite IncPre-Seed$220K$4.6M0.98×
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$1.0M2017-06-06$5.6M$48.1M90%
Pre-Seed$1.0M2018-04-20$5.6M$48.1M90%
Pre-Seed$100K2018-04-20$556K$4.8M90%
Pre-Seed$100K2020-02-28$556K$4.8M90%
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$1.0M2017-06-06
    • First recorded raise — entered as Pre-Seed.
    • 4 investors on this round.
  2. Pre-Seed$1.0M2018-04-20
    • Came back fast: 10 mo vs the ~22 mo sector norm.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
  3. Pre-Seed$100K2018-04-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 10.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  4. Pre-Seed$100K2020-02-28
    • Raised 22 mo later, in step with the ~22 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
Intelligence
2021 ~Q1
Modeled next raise · ~11mo cadence
$100K
Modeled next size est.range $100K$160K
1.0×
Last step-up
$769K/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
THOMAS MURRAY3 other2020-02
Michael Zabawa1 other2017-06
John P. Soares2017-06
Stephen A. Zabawa2017-06
Stephen Zabawa2020-02
Thomas P. Murray2017-06
Registry & provenance

Complete, 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
1710931
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
SimpuSaaS / SoftwarePre-Seed$1.0M$17.7Msame sector · same stage
Meta Saas, Inc.SaaS / SoftwarePre-Seed$765K$36.8Msame sector · same stage
Aviator Holdings, LLCSaaS / SoftwarePre-Seed$500K$24.1Msame sector · same stage
June Inc.SaaS / SoftwareSeed$2.4M$59.8Msame sector
Hive Holdings, Inc.SaaS / SoftwareSeed$1.7M$66.0Msame sector
Devyce Inc.SaaS / SoftwareSeed$2.6M$36.3Msame sector
Brite IncSaaS / SoftwarePre-Seed$220K$4.6Msame sector · same stage
Vector Management Holdings, LLCSaaS / SoftwarePre-Seed$185K$725Ksame 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
LTD Software LLCSoftware / TechPre-Seed$6.4M77%
GoodJob Software, LLCSoftware / TechSeries A$78.7M76%
Technology & Business Solutions, LLCSoftware / TechPre-Seed$6.6M75%
Final Offer, LLCOther TechnologySeries A$5.0M75%
Tech Works, LLCSoftware / TechSeed$113.6M75%
Marking Technology Holdings, LLCSoftware / TechSeries C$613.1M75%
SaaS Optics, LLCSaaS / SoftwareSeries A$285.1M75%
Earned LLCOther TechnologySeed$47.0M74%
Frequently asked
How much funding has Complete, LLC raised?
Complete, LLC has raised approximately $2.1M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Complete, LLC's estimated valuation?
Provath's modeled valuation for Complete, LLC is approximately $4.8M (modeled range $67K–$54.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Complete, LLC at?
Complete, LLC's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Fri Feb 28.
What does Complete, LLC do and where is it based?
Complete, LLC operates in the SaaS / Software sector, based in BILLINGS, CA, USA. The complete way to do compensation
Explore related

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