Companies · Proptech / Real Estate

Fountains Apartments, Paragon LP

WALNUT CREEK · Proptech / Real Estate · refined from filed group “Other

Diligence memoA one-page analyst read on Fountains Apartments, Paragon LP — recommendation, valuation, rhythm, risks.
$110.8M
Total raised · real
1
Rounds
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Mon Aug 19 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Fountains Apartments, Paragon LP has raised $111M over 1 round; 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 proptech sector profile.

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

Quiet
  • Last raise 22 mo ago; this sector typically re-raises about every 14 months.
  • Slightly overdue versus sector 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

Fountains Apartments, Paragon LP 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
1.9 yr record
Peak capital year was 2024 with $110.8M across 1 filings.
Market position
ahead of 99% of Proptech / Real Estate peers
Capital scale is ahead of 99% of Proptech / Real Estate peers; modeled value is above 99% 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 2024: $110.8M across 1 filings.
  • Largest single filing was $110.8M on 2024-08-19.
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 Proptech / Real Estate

Fountains Apartments, Paragon LP is one of 395 Proptech / Real Estate companies tracked from WALNUT CREEK. By capital raised it ranks among the largest (ahead of 99% 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
No revenue
Issuer revenue
Rule 506(b)
Reg D exemption
2023
Year incorporated
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$250M$500M$750M$1.0BSeries D+ · 2024-08-19 Raised $111M (real) Modeled valuation $851M (est)$111M$851MSeries D+2024

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 D+$110.8M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 17%.

Modeled valuation trajectory
$850.7M
Base estimate est.
$602.8M
Conservative case
$1.2B
Upside case
$923.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the proptech sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
82%
Survival probability
65% low · 90% high
1.07×/yr
Annual markup
1.20×/yr upside case
1.9 yr
Elapsed time used
1.9 yr actual, capped for stale marks
proptech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
1.9 yr
On record since
2024
First round
1
Rounds on file
How it compares to the market

Benchmarked against 395 companies in Proptech / Real Estate. 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) 40× above median
This company$110.8M
Sector median$2.8M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 1.0× above median
This company$110.8M
Sector median$110.8M
Modeled value — vs sector median (estimate, all stages) 62× above median
This company$850.7M
Sector median$13.8M

Raised more than 99% of sector peers (real $). Modeled value above 99% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) 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 companyCohort peer
$100.0M$1.0B$10.0B$100.0M$1.0BCapital raised (log)Medically Home Group Acquisition LLC · Series D+ Raised $110.0M · modeled $1.0B (est)Fountains Apartments, Ltd. · Series D+ Raised $110.8M · modeled $850.7M (est)Fountains Apartments, Paragon LP (this company) Raised $110.8M · modeled $850.7M (est)Fountains Apartments, Paragon LP
CompanyStageRaised · realValue · estvs peer med.
Medically Home Group Acquisition LLCSeries D+$110.0M$1.0B1.18×
Fountains Apartments, Ltd.Series D+$110.8M$850.7M1.00×
Fountains Apartments, Paragon LP this companySeries D+$110.8M$850.7M1.00×
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 D+$110.8M2024-08-19$923.3M$850.7M90%
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 D+$110.8M2024-08-19
    • First recorded raise — entered as Series D+.
Intelligence
Modeled next raise
$177.3M
Modeled next size est.range $115.2M$283.6M
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
R Ken Coit1 other2024-08
Registry & provenance

Fountains Apartments, Paragon LP 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
2034221
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
Fountains Apartments, Ltd.Proptech / Real EstateSeries D+$110.8M$850.7Mnetwork1 shared operator · same sector · same stage
Medically Home Group Acquisition LLCProptech / Real EstateSeries D+$110.0M$1.0Bsame sector · same stage
PIMCO Private Mortgage Opportunities Feeder Onshore, L.P.Proptech / Real EstateSeries D+$200.0M$1.4Bsame sector · same stage
Estate Of Hazine Chermon CheryProptech / Real EstateSeries C$100.0M$998.1Msame sector
Estate Of Jerry Wayne Thomas Jr TrustProptech / Real EstateSeries C$100.0M$877.7Msame sector
Mangrove Estate & Garden LLCProptech / Real EstateSeries C$100.0M$690.2Msame sector
Medically Home Group, Inc.Proptech / Real EstateSeries C$87.3M$389.3Msame sector
Ribbon Home, Inc.Proptech / Real EstateSeries C$79.4M$667.5Msame sector
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
Fountains Apartments, Ltd.Proptech / Real EstateSeries D+$850.7M89%
Fountain Leasing Partners LLCOtherSeries B$336.7M77%
Paragon Flavors, Inc.OtherSeed$34.1M74%
Fountain Terrace Inv LLCOtherSeed$21.6M74%
Mentor Square Apartments LLCProptech / Real EstateSeed$14.1M72%
North Waterford ApartmentsProptech / Real EstateSeries C$318.9M72%
Jordan Apartments, LLCProptech / Real EstateSeries A$29.9M72%
Lex Apartments, LLCProptech / Real EstateSeed$8.3M71%
Frequently asked
How much funding has Fountains Apartments, Paragon LP raised?
Fountains Apartments, Paragon LP has raised approximately $110.8M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Fountains Apartments, Paragon LP's estimated valuation?
Provath's modeled valuation for Fountains Apartments, Paragon LP is approximately $850.7M (modeled range $602.8M–$1.2B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Fountains Apartments, Paragon LP at?
Fountains Apartments, Paragon LP's latest modeled financing stage is Series D+. Its most recent recorded round closed around Mon Aug 19.
What does Fountains Apartments, Paragon LP do and where is it based?
Fountains Apartments, Paragon LP operates in the Proptech / Real Estate sector, based in WALNUT CREEK.
Explore related

See where Fountains Apartments, Paragon LP 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 Fountains Apartments, Paragon LP, 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.