Companies · Construction

Graham Income TrustNew on the radar

CALGARY AB · Construction

Diligence memoA one-page analyst read on Graham Income Trust — recommendation, valuation, rhythm, risks.
$21.1M
Total raised · real
1
Rounds
Latest step-up
Top 8%
Sector rank · raised
Series B
Latest stage · inferred · Wed Mar 05 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Graham Income Trust looks fair against its niche peers and is quiet 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.

Fair
  • Modeled value is 1.01× the median modeled value of Series B Construction companies in 2025–2027 (10 peers) — value vs value, same stage and era.
  • Within the normal band (101% of peer median) for its niche.
Quiet
  • Last raise 16 mo ago; this sector typically re-raises about every 12 months.
  • Slightly overdue versus sector cadence.
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

Graham Income Trust is one of 1338 Construction companies tracked from CALGARY AB. By capital raised it ranks among the largest (ahead of 93% 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
37
Investors (latest)
2025-03-05
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 B · 2025-03-05 Raised $21M (real) Modeled valuation $91M (est)$21M$91MSeries B2025

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 B$21.1M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$90.6M
Base estimate est.
$52.8M
Conservative case
$142.5M
Upside case
$117.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the construction 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.
68%
Survival probability
45% low · 83% high
1.10×/yr
Annual markup
1.33×/yr upside case
1.3 yr
Elapsed time used
1.3 yr actual, capped for stale marks
construction
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
1.3 yr
On record since
2025
First round
New
First-time filer
How it compares to the market

Benchmarked against 1338 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) 8.8× above median
This company$21.1M
Sector median$2.4M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.9× of median
This company$21.1M
Sector median$22.6M
Modeled value — vs sector median (estimate, all stages) 9.2× above median
This company$90.6M
Sector median$9.9M

Raised more than 93% of sector peers (real $). Modeled value above 93% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #5 of 10.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Stonegrove Residential Partners, LLC · Series B Raised $31.6M · modeled $131.9M (est)Think Box Capital Group LLC · Series B Raised $30.0M · modeled $125.4M (est)Avenlea, L.P. · Series B Raised $26.5M · modeled $115.2M (est)Tiseo Acquisition, LLC · Series B Raised $23.5M · modeled $93.2M (est)CSM Blue Mountain NCE LLC · Series B Raised $20.8M · modeled $88.8M (est)Fannin Estates Investors Llc · Series B Raised $20.0M · modeled $81.2M (est)Concrete Partners Holding, LLC · Series B Raised $20.0M · modeled $80.9M (est)SubSplit Services Group Partners, LP · Series B Raised $18.6M · modeled $80.6M (est)ESP Management Holdco LLC · Series B Raised $18.4M · modeled $76.4M (est)Graham Income Trust (this company) Raised $21.1M · modeled $90.6M (est)Graham Income Trust
CompanyStageRaised · realValue · estvs peer med.
Stonegrove Residential Partners, LLCSeries B$31.6M$131.9M1.47×
Think Box Capital Group LLCSeries B$30.0M$125.4M1.40×
Avenlea, L.P.Series B$26.5M$115.2M1.28×
Tiseo Acquisition, LLCSeries B$23.5M$93.2M1.04×
Graham Income Trust this companySeries B$21.1M$90.6M1.01×
CSM Blue Mountain NCE LLCSeries B$20.8M$88.8M0.99×
Fannin Estates Investors LlcSeries B$20.0M$81.2M0.91×
Concrete Partners Holding, LLCSeries B$20.0M$80.9M0.90×
SubSplit Services Group Partners, LPSeries B$18.6M$80.6M0.90×
ESP Management Holdco LLCSeries B$18.4M$76.4M0.85×
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 B$21.1M2025-03-05$117.3M$90.6M90%
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. Series B$21.1M2025-03-05
    • First recorded raise — entered as Series B.
    • 37 investors on this round.
Intelligence
Modeled next raise
$33.8M
Modeled next size est.range $22.0M$54.0M
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
John Connolly13 other2025-03
Brian Shelton7 other2025-03
Terry Freeman2 other2025-03
Mary Hemmingsen1 other2025-03
Andy Trewick2025-03
Brian Janzen2025-03
Stuart O'Connor2025-03
Tim Heavenor2025-03
Tony Clark2025-03
Registry & provenance

Graham Income Trust 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
2062998
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
CSM Blue Mountain NCE LLCConstructionSeries B$20.8M$88.8Msame sector · same stage
Maui Business Park, LLCConstructionSeries B$21.5M$103.2Msame sector · same stage
Union Club Apartment Partners, LLCConstructionSeries B$20.6M$104.6Msame sector · same stage
250 College Avenue Sponsor LLCConstructionSeries B$22.0M$106.6Msame sector · same stage
Yosemite Night Star Ranch Investments LLCConstructionSeries B$22.0M$138.0Msame sector · same stage
Barrier Homes IncConstructionSeries B$20.0M$134.4Msame sector · same stage
Concrete Partners Holding, LLCConstructionSeries B$20.0M$80.9Msame sector · same stage
David Southworth Balsam, LPConstructionSeries B$20.0M$108.6Msame 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
GS Assets II LLCConstructionSeed$10.2M76%
GS Assets I LLCConstructionSeed$4.3M76%
CP Management Investors, LLCConstructionPre-Seed$8.9M76%
RB Investor II LLCConstructionSeed$6.1M75%
Structural Investment Holdings, LLCConstructionSeries A$70.5M75%
Balfour Beatty plcConstructionSeed$9.0M75%
RB Investor III LLCConstructionSeed$3.4M75%
Trusted Sons LLCConstructionSeed$26.3M75%
Frequently asked
How much funding has Graham Income Trust raised?
Graham Income Trust has raised approximately $21.1M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Graham Income Trust's estimated valuation?
Provath's modeled valuation for Graham Income Trust is approximately $90.6M (modeled range $52.8M–$142.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Graham Income Trust at?
Graham Income Trust's latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Mar 05.
What does Graham Income Trust do and where is it based?
Graham Income Trust operates in the Construction sector, based in CALGARY AB.
Explore related

See where Graham Income Trust sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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