Companies · Manufacturing

Converge Ventures LLC

HILLIARD · Manufacturing

Diligence memoA one-page analyst read on Converge Ventures LLC — recommendation, valuation, rhythm, risks.
$250K
Total raised · real
1
Rounds
Latest step-up
Top 88%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Fri Aug 14 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Converge Ventures 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 manufacturing 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 0.73× the median modeled value of Pre-Seed Manufacturing companies in 2019–2021 (171 peers) — value vs value, same stage and era.
  • Within the normal band (73% of peer median) for its niche.
Dormant
  • Last raise 5.9 yr ago; this sector typically re-raises about every 12 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.

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

Issuer-vehicle patternmedium confidence

Converge Ventures 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
5.9 yr record
Peak capital year was 2020 with $250K across 1 filings.
Market position
ahead of 13% of Manufacturing peers
Capital scale is ahead of 13% of Manufacturing peers; modeled value is above 24% 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 2020: $250K across 1 filings.
  • Largest single filing was $250K on 2020-08-14.
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 Manufacturing

Converge Ventures LLC is one of 3256 Manufacturing companies tracked from HILLIARD. By capital raised it ranks in the long tail (ahead of 13% 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
No revenue
Issuer revenue
Rule 506(c)
Reg D exemption
4
Investors (latest)
2018
Year incorporated
2020-08-14
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$1.3M$2.5M$3.8M$5.0MPre-Seed · 2020-08-14 Raised $250K (real) Modeled valuation $3.6M (est)$250K$3.6MPre-Seed2020

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$250K · 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
$3.6M
Base estimate est.
$170K
Conservative case
$39.8M
Upside case
$1.4M
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 manufacturing sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
31%
Survival probability
12% low · 56% high
1.44×/yr
Annual markup
1.95×/yr upside case
5.9 yr
Elapsed time used
5.9 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
5.9 yr
On record since
2020
First round
1
Rounds on file
How it compares to the market

Benchmarked against 3256 companies in Manufacturing. 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) 0.1× of median
This company$250K
Sector median$2.0M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.7× of median
This company$250K
Sector median$350K
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$3.6M
Sector median$12.0M

Raised more than 13% of sector peers (real $). Modeled value above 24% 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. This company ranks #106 of 171.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Surfx Technologies LLV · Pre-Seed Raised $1.0M · modeled $15.3M (est)Pioneer Botanicals, LLC · Pre-Seed Raised $1.0M · modeled $15.3M (est)LPE Holdings LLC · Pre-Seed Raised $1.0M · modeled $15.3M (est)Target Arm LLC · Pre-Seed Raised $1.0M · modeled $15.3M (est)OVCBC Enterprises Inc. · Pre-Seed Raised $1.0M · modeled $15.3M (est)Optical Structures Inc · Pre-Seed Raised $1.0M · modeled $15.2M (est)Thirty Eight Products Inc. · Pre-Seed Raised $999K · modeled $15.2M (est)Good Beverage LLC · Pre-Seed Raised $952K · modeled $14.5M (est)Banner Parent Holdings, Inc. · Pre-Seed Raised $910K · modeled $13.9M (est)Coopersville Brewing Company, LLC · Pre-Seed Raised $900K · modeled $13.7M (est)Rubbintec, Inc. · Pre-Seed Raised $975K · modeled $13.5M (est)Firebot Inc · Pre-Seed Raised $838K · modeled $12.8M (est)Converge Ventures LLC (this company) Raised $250K · modeled $3.6M (est)Converge Ventures LLC
CompanyStageRaised · realValue · estvs peer med.
Surfx Technologies LLVPre-Seed$1.0M$15.3M3.07×
Pioneer Botanicals, LLCPre-Seed$1.0M$15.3M3.07×
LPE Holdings LLCPre-Seed$1.0M$15.3M3.07×
Target Arm LLCPre-Seed$1.0M$15.3M3.07×
OVCBC Enterprises Inc.Pre-Seed$1.0M$15.3M3.07×
Optical Structures IncPre-Seed$1.0M$15.2M3.07×
Thirty Eight Products Inc.Pre-Seed$999K$15.2M3.06×
Good Beverage LLCPre-Seed$952K$14.5M2.92×
Banner Parent Holdings, Inc.Pre-Seed$910K$13.9M2.79×
Coopersville Brewing Company, LLCPre-Seed$900K$13.7M2.76×
Rubbintec, Inc.Pre-Seed$975K$13.5M2.71×
Firebot IncPre-Seed$838K$12.8M2.57×
Converge Ventures LLC this companyPre-Seed$250K$3.6M0.73×
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$250K2020-08-14$1.4M$3.6M90%
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. Pre-Seed$250K2020-08-14
    • First recorded raise — entered as Pre-Seed.
    • 4 investors on this round.
Intelligence
Modeled next raise
$400K
Modeled next size est.range $260K$640K
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
Eric Wagner1 other2020-08
John Bair1 other2020-08
Adnan Lin Akhand2020-08
Carol Lin Vieira2020-08
Harry Friedberg2020-08
Joseph Arcata2020-08
Michael Minihan2020-08
Registry & provenance

Converge Ventures 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
1821864
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.

CompanySectorStageRaised · realValue · estWhy similar
73 Health & Wellness, LLCManufacturingPre-Seed$250K$3.8Msame sector · same stage
Bizarre Brewing LLCManufacturingPre-Seed$250K$2.7Msame sector · same stage
Cielo Wigle Inc.ManufacturingPre-Seed$250K$3.8Msame sector · same stage
Defiance Machine, Inc.ManufacturingPre-Seed$250K$3.8Msame sector · same stage
First Blush, Inc.ManufacturingPre-Seed$250K$3.8Msame sector · same stage
Great Plains Diesel Technologies, L.C.ManufacturingPre-Seed$250K$3.8Msame sector · same stage
Holler Brewing, LLCManufacturingPre-Seed$250K$3.8Msame sector · same stage
Intrinsic Audio Solutions, Inc.ManufacturingPre-Seed$250K$3.8Msame 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
Iris Investor Holdings, LLCManufacturingSeries B$308.7M83%
NT Ventures, Inc.ManufacturingSeed$3.1M83%
Banner Apex Holdings, LLCManufacturingSeries D+$1.2B83%
Franchise Holdings International, Inc.ManufacturingSeries A$12.2M82%
Ratio Holdings, LLCManufacturingPre-Seed$1.6M82%
CS Investment Holdings, LLCManufacturingSeries B$363.5M82%
Vanguard Scientific Systems, Inc.ManufacturingSeed$32.5M82%
Sapient Ventures, LLCManufacturingPre-Seed$205K82%
Frequently asked
How much funding has Converge Ventures LLC raised?
Converge Ventures LLC has raised approximately $250K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Converge Ventures LLC's estimated valuation?
Provath's modeled valuation for Converge Ventures LLC is approximately $3.6M (modeled range $170K–$39.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Converge Ventures LLC at?
Converge Ventures LLC's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Fri Aug 14.
What does Converge Ventures LLC do and where is it based?
Converge Ventures LLC operates in the Manufacturing sector, based in HILLIARD.
Explore related

See where Converge Ventures 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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