Companies · Construction

HG ISG Investment Vehicle, LLC

MIDLAND · Construction

Diligence memoA one-page analyst read on HG ISG Investment Vehicle, LLC — recommendation, valuation, rhythm, risks.
$3.9M
Total raised · real
2
Rounds
9.3×
Latest step-up
Top 23%
Sector rank · raised
Seed
Latest stage · inferred · Wed Sep 20 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

HG ISG Investment Vehicle, LLC looks under-valued against its niche peers and is at-risk 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.

Under-valued
  • Modeled value is 0.47× the median modeled value of Seed Construction companies in 2022–2024 (58 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.8 yr ago; this sector typically re-raises about every 12 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.

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

Issuer-vehicle patternmedium confidence

HG ISG Investment Vehicle, 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
4.2 yr record
Peak capital year was 2023 with $10.2M across 2 filings.
Market position
ahead of 78% of Construction peers
Capital scale is ahead of 78% of Construction peers; modeled value is above 56% 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Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.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: $10.2M across 2 filings.
  • Largest single filing was $9.2M on 2023-09-20.
  • Filing rows sum to $13.1M, while canonical raised total is $3.9M; 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 Construction

HG ISG Investment Vehicle, LLC is one of 1338 Construction companies tracked from MIDLAND. By capital raised it ranks in the upper tier (ahead of 78% of sector peers), and mid-pack 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)
2022
Year incorporated
2023-09-20
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$50MSeed · 2022-04-26 Raised $2.9M (real) Modeled valuation $15M (est)$2.9M$15MSeed2022Seed · 2023-09-20 Raised $990K (real) Modeled valuation $3.7M (est)$990K$3.7MSeed2023Series A · 2023-09-20 Raised $9.2M (real) Modeled valuation $35M (est)$9.2M$35MSeries A2023+$990K+$9.2MCumulative $13M

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$2.9M · 2022
Seed extension$990K · 2023
Series A$9.2M · 2023

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$3.7M
Base estimate est.
$891K
Conservative case
$12.0M
Upside case
$4.9M
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 scaled by the construction sector profile. Directional, not a quoted figure.

Seed · modeled $14.7M · 2022-04-262022Seed · modeled $3.7M · 2023-09-20Series A · modeled $35.0M · 2023-09-202023
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
40%
Survival probability
18% low · 62% high
1.25×/yr
Annual markup
1.63×/yr upside case
2.8 yr
Elapsed time used
2.8 yr actual, capped for stale marks
construction
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
8 mo
Avg between rounds
$2.8M/yr
Capital velocity
4.2 yr
On record since
2022
First round
3
Rounds on file
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) 1.6× above median
This company$3.9M
Sector median$2.4M
Latest round — vs other Seed rounds in sector (real $, this stage) 4.6× above median
This company$9.2M
Sector median$2.0M
Modeled value — vs sector median (estimate, all stages) 0.4× of median
This company$3.7M
Sector median$9.9M

Raised more than 78% of sector peers (real $). Modeled value above 56% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (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 #55 of 58.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)NEM MOB Dev I, LP · Seed Raised $3.9M · modeled $19.5M (est)320 Virginia LP · Seed Raised $4.0M · modeled $18.8M (est)Double Eagle St. Clair Investors LLC · Seed Raised $3.8M · modeled $17.1M (est)Main & A Connect LLC · Seed Raised $3.6M · modeled $16.5M (est)Triad Steel Service, LLC · Seed Raised $4.0M · modeled $16.4M (est)Steelike, Inc. · Seed Raised $4.7M · modeled $13.7M (est)Sci Le Mas · Seed Raised $2.5M · modeled $13.3M (est)Eckart Parent, LLC · Seed Raised $3.5M · modeled $13.3M (est)Chattanooga Downtown Apt Investors Llc · Seed Raised $4.0M · modeled $12.5M (est)Bce1, Llc · Seed Raised $4.0M · modeled $12.4M (est)Cementify, LLC · Seed Raised $4.0M · modeled $12.1M (est)6S T Reno NV LLC · Seed Raised $2.4M · modeled $11.9M (est)HG ISG Investment Vehicle, LLC (this company) Raised $3.9M · modeled $3.7M (est)HG ISG Investment Vehicle, LLC
CompanyStageRaised · realValue · estvs peer med.
NEM MOB Dev I, LPSeed$3.9M$19.5M2.50×
320 Virginia LPSeed$4.0M$18.8M2.42×
Double Eagle St. Clair Investors LLCSeed$3.8M$17.1M2.19×
Main & A Connect LLCSeed$3.6M$16.5M2.11×
Triad Steel Service, LLCSeed$4.0M$16.4M2.10×
Steelike, Inc.Seed$4.7M$13.7M1.76×
Sci Le MasSeed$2.5M$13.3M1.71×
Eckart Parent, LLCSeed$3.5M$13.3M1.71×
Chattanooga Downtown Apt Investors LlcSeed$4.0M$12.5M1.61×
Bce1, LlcSeed$4.0M$12.4M1.59×
Cementify, LLCSeed$4.0M$12.1M1.56×
6S T Reno NV LLCSeed$2.4M$11.9M1.53×
HG ISG Investment Vehicle, LLC this companySeed$3.9M$3.7M0.47×
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$2.9M2022-04-26$14.6M$14.7M90%
Seed$990K2023-09-20$4.9M$3.7M90%
Series A$9.2M2023-09-20$42.0M$35.0M90%
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$2.9M2022-04-26
    • First recorded raise — entered as Seed.
    • 15 investors on this round.
  2. Seed$990K2023-09-20
    • Raised 17 mo later, in step with the ~12 mo sector norm.
    • Round 2.9× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  3. Series A$9.2M2023-09-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 9.3× larger than the prior — scaling up.
    • 34 investors on this round.
Intelligence
2024 ~Q2
Modeled next raise · ~8mo cadence
$27.7M
Modeled next size est.range $18.0M$44.3M
9.3×
Last step-up
$2.8M/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
Gentry Beach5 other2022-04
Robert Vollero2 other2022-04
Registry & provenance

HG ISG Investment Vehicle, 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
1934002
SEC CIK
2022
Incorporated
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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.

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Frequently asked
How much funding has HG ISG Investment Vehicle, LLC raised?
HG ISG Investment Vehicle, LLC has raised approximately $3.9M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is HG ISG Investment Vehicle, LLC's estimated valuation?
Provath's modeled valuation for HG ISG Investment Vehicle, LLC is approximately $3.7M (modeled range $891K–$12.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is HG ISG Investment Vehicle, LLC at?
HG ISG Investment Vehicle, LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Wed Sep 20.
What does HG ISG Investment Vehicle, LLC do and where is it based?
HG ISG Investment Vehicle, LLC operates in the Construction sector, based in MIDLAND.
Explore related

See where HG ISG Investment Vehicle, 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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