Companies · Retailing

IC Holdings 2 LLC

Wauwatosa · Retailing

Diligence memoA one-page analyst read on IC Holdings 2 LLC — recommendation, valuation, rhythm, risks.→
$1.3M
Total raised · real
1
Rounds
—
Latest step-up
Top 56%
Sector rank · raised
Seed
Latest stage · inferred · Mon Nov 25 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

IC Holdings 2 LLC looks under-valued 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 retail 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 0.52× the median modeled value of Seed Retailing companies in 2022–2024 (131 peers) — value vs value, same stage and era.
Quiet
  • Last raise 19 mo ago; this sector typically re-raises about every 13 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

IC Holdings 2 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
1.8 yr record
Peak capital year was 2024 with $1.3M across 1 filings.
Market position
ahead of 45% of Retailing peers
Capital scale is ahead of 45% of Retailing peers; modeled value is above 38% 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: $1.3M across 1 filings.
  • Largest single filing was $1.3M on 2024-11-25.
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 Retailing

IC Holdings 2 LLC is one of 2347 Retailing companies tracked from Wauwatosa. By capital raised it ranks mid-pack (ahead of 45% 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
14
Investors (latest)
2024
Year incorporated
2024-11-25
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$5.0MSeed · 2024-11-25 Raised $1.3M (real) Modeled valuation $3.1M (est)$1.3M$3.1MSeed2024

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$1.3M · 2024

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: 50%.

Modeled valuation trajectory
$3.1M
Base estimate est.
$1.0M
Conservative case
$7.5M
Upside case
$6.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seed — a $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the retail sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
36%
Survival probability
16% low · 56% high
1.23×/yr
Annual markup
1.61×/yr upside case
1.6 yr
Elapsed time used
1.6 yr actual, capped for stale marks
retail
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
—
Avg between rounds
—
Capital velocity
1.8 yr
On record since
2024
First round
1
Rounds on file
How it compares to the market

Benchmarked against 2347 companies in Retailing. 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)▼ 0.8× of median
This company$1.3M
Sector median$1.6M
Latest round — vs other Seed rounds in sector (real $, this stage)▼ 0.8× of median
This company$1.3M
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages)▼ 0.5× of median
This company$3.1M
Sector median$5.8M

Raised more than 45% of sector peers (real $). Modeled value above 38% 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 #103 of 131.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)Stryke Club, Inc. · Seed Raised $4.2M · modeled $16.6M (est)Margaux New York, LLC · Seed Raised $7.3M · modeled $16.3M (est)Wove Made Inc. · Seed Raised $3.7M · modeled $16.2M (est)Thousand, Inc. · Seed Raised $3.9M · modeled $16.1M (est)Made By Haven, Inc. · Seed Raised $3.3M · modeled $14.6M (est)Kradle LLC · Seed Raised $3.4M · modeled $14.5M (est)Mad Rabbit Tattoo, Inc. · Seed Raised $8.4M · modeled $14.5M (est)Dedalus Wine Group Inc. · Seed Raised $3.2M · modeled $13.2M (est)Asymmetria Investors III, LLC - Cantoni (PS) · Seed Raised $3.3M · modeled $12.8M (est)Loric Games, Inc. · Seed Raised $5.6M · modeled $12.2M (est)MadeInUSA.com LLC · Seed Raised $3.9M · modeled $12.1M (est)Yoshitsu Co., Ltd · Seed Raised $4.0M · modeled $11.9M (est)IC Holdings 2 LLC (this company) Raised $1.3M · modeled $3.1M (est)IC Holdings 2 LLC
CompanyStageRaised · realValue · estvs peer med.
Stryke Club, Inc.Seed$4.2M$16.6M2.75×
Margaux New York, LLCSeed$7.3M$16.3M2.69×
Wove Made Inc.Seed$3.7M$16.2M2.68×
Thousand, Inc.Seed$3.9M$16.1M2.66×
Made By Haven, Inc.Seed$3.3M$14.6M2.42×
Kradle LLCSeed$3.4M$14.5M2.39×
Mad Rabbit Tattoo, Inc.Seed$8.4M$14.5M2.39×
Dedalus Wine Group Inc.Seed$3.2M$13.2M2.18×
Asymmetria Investors III, LLC - Cantoni (PS)Seed$3.3M$12.8M2.12×
Loric Games, Inc.Seed$5.6M$12.2M2.01×
MadeInUSA.com LLCSeed$3.9M$12.1M2.00×
Yoshitsu Co., LtdSeed$4.0M$11.9M1.97×
IC Holdings 2 LLC this companySeed$1.3M$3.1M0.52×
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$1.3M2024-11-25$6.3M$3.1M90%
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$1.3M2024-11-25
    • First recorded raise — entered as Seed.
    • 14 investors on this round.
Intelligence
—
Modeled next raise
$2.0M
Modeled next size est.range $1.3M–$3.2M
—
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
Thomas McCrossin——2024-11
Registry & provenance

IC Holdings 2 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
2045156
SEC CIK
2024
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
Kick Pleat LLCRetailingSeed$1.3M$2.3Msame sector · same stage
Offe Market, Inc.RetailingSeed$1.3M$3.2Msame sector · same stage
Proguard Acquisition CorpRetailingSeed$1.3M$2.3Msame sector · same stage
Tabletop Tycoon, Inc.RetailingSeed$1.3M$2.6Msame sector · same stage
Committee of Five, Inc.RetailingSeed$1.2M$2.5Msame sector · same stage
Caveau Selections Oregon LLCRetailingSeed$1.2M$4.3Msame sector · same stage
Barberino Inc.RetailingSeed$1.2M$2.6Msame sector · same stage
F2F, LlcRetailingSeed$1.2M$2.2Msame 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
ICL Capital, LLCRetailingSeries A$25.7M89%
zhousheng international holding LtdRetailingSeries A$13.2M84%
IW Holdings, LLCRetailingSeed$12.6M83%
2 Pence Market, LLCRetailingPre-Seed$770K83%
Mc2D, LlcRetailingSeed$11.0M83%
Ax2, LlcRetailingSeed$4.9M83%
Sequel LLCRetailingSeed$16.1M82%
Stock & Barrel Holdings, LLCRetailingSeries A$51.4M82%
Frequently asked
How much funding has IC Holdings 2 LLC raised?
IC Holdings 2 LLC has raised approximately $1.3M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is IC Holdings 2 LLC's estimated valuation?
Provath's modeled valuation for IC Holdings 2 LLC is approximately $3.1M (modeled range $1.0M–$7.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is IC Holdings 2 LLC at?
IC Holdings 2 LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Mon Nov 25.
What does IC Holdings 2 LLC do and where is it based?
IC Holdings 2 LLC operates in the Retailing sector, based in Wauwatosa.
Explore related

See where IC Holdings 2 LLC 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 IC Holdings 2 LLC, 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.