Companies · Investment Vehicle

Gaingels Coverage Fund I LLC

BURLINGTON · Investment Vehicle · refined from filed group “Other

Diligence memoA one-page analyst read on Gaingels Coverage Fund I LLC — recommendation, valuation, rhythm, risks.
$1.6M
Total raised · real
1
Rounds
0.4×
Latest step-up
Top 63%
Sector rank · raised
Seed
Latest stage · inferred · Wed May 17 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Gaingels Coverage Fund I LLC has raised $1.6M 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.

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

Issuer-vehicle patternmedium confidence

Gaingels Coverage Fund I 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
3.1 yr record
Peak capital year was 2023 with $6.2M across 5 filings.
Market position
ahead of 38% of Investment Vehicle peers
Capital scale is ahead of 38% of Investment Vehicle 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
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Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.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: $6.2M across 5 filings.
  • Largest single filing was $1.6M on 2023-05-17.
  • Filing rows sum to $6.2M, while canonical raised total is $1.6M; likely amendments/superseded rows are mixed into the detail view.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 Investment Vehicle

Gaingels Coverage Fund I LLC is one of 1793 Investment Vehicle companies tracked from BURLINGTON. By capital raised it ranks in the long tail (ahead of 38% 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
34
Investors (latest)
2023
Year incorporated
2023-05-17
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$5.0M$10M$15M$20MSeed · 2023-05-17 Raised $1.6M (real) Modeled valuation $10M (est)$1.6M$10MSeed2023Seed · 2023-05-17 Raised $1.5M (real) Modeled valuation $9.5M (est)$1.5M$9.5MSeed2023Seed · 2023-05-17 Raised $1.6M (real) Modeled valuation $10M (est)$1.6M$10MSeed2023Seed · 2023-05-17 Raised $1.1M (real) Modeled valuation $7.3M (est)$1.1M$7.3MSeed2023Pre-Seed · 2023-05-17 Raised $406K (real) Modeled valuation $2.7M (est)$406K$2.7MPre-Seed2023+$1.5M+$1.6M+$1.1M+$406KCumulative $6.2M

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
Seed$1.6M · 2023
Seed extension$1.5M · 2023
Seed extension$1.6M · 2023
Seed extension$1.1M · 2023
Bridge · Seed-stage$406K · 2023smaller follow-on

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

Modeled valuation trajectory
$10.3M
Base estimate est.
$1.4M
Conservative case
$37.1M
Upside case
$8.0M
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.

Seed · modeled $10.1M · 2023-05-172023Seed · modeled $9.5M · 2023-05-17Seed · modeled $10.3M · 2023-05-17Seed · modeled $7.3M · 2023-05-17Pre-Seed · modeled $2.7M · 2023-05-172023
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
3.1 yr
Elapsed time used
3.1 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
3.1 yr
On record since
2023
First round
5
Rounds on file
How it compares to the market

Benchmarked against 1793 companies in Investment Vehicle. 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) 0.5× of median
This company$1.6M
Sector median$3.2M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.2× of median
This company$406K
Sector median$2.0M
Modeled value — vs sector median (estimate, all stages) 0.4× of median
This company$10.3M
Sector median$25.2M

Raised more than 38% of sector peers (real $). Modeled value above 29% of peers (estimate).

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.
Seed$1.6M2023-05-17$7.9M$10.1M90%
Seed$1.5M2023-05-17$7.4M$9.5M90%
Seed$1.6M2023-05-17$8.0M$10.3M90%
Seed$1.1M2023-05-17$5.7M$7.3M90%
Pre-Seed$406K2023-05-17$2.3M$2.7M90%
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. Seed$1.6M2023-05-17
    • First recorded raise — entered as Seed.
    • 109 investors on this round.
  2. Seed$1.5M2023-05-17
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 107 investors on this round.
  3. Seed$1.6M2023-05-17
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 108 investors on this round.
  4. Seed$1.1M2023-05-17
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 86 investors on this round.
  5. Pre-Seed$406K2023-05-17
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.8× smaller than the prior — bridge or down round.
    • 34 investors on this round.
Intelligence
Modeled next raise
$406K
Modeled next size est.range $406K$650K
0.4×
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 Beatty399 other2023-05
Paul Grossinger193 other2023-05
Registry & provenance

Gaingels Coverage Fund I 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
1976655
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.

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Gaingels J2025 LLCOtherSeed$1.5M$3.7Mnetwork1 shared operator · same stage
Gaingels Jackpocket 2023 LLCOtherSeed$1.5M$10.5Mnetwork1 shared operator · same stage
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Frequently asked
How much funding has Gaingels Coverage Fund I LLC raised?
Gaingels Coverage Fund I LLC has raised approximately $1.6M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Gaingels Coverage Fund I LLC's estimated valuation?
Provath's modeled valuation for Gaingels Coverage Fund I LLC is approximately $10.3M (modeled range $1.4M–$37.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Gaingels Coverage Fund I LLC at?
Gaingels Coverage Fund I LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Wed May 17.
What does Gaingels Coverage Fund I LLC do and where is it based?
Gaingels Coverage Fund I LLC operates in the Investment Vehicle sector, based in BURLINGTON.
Explore related

See where Gaingels Coverage Fund I 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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