Companies · Other Technology

Incubar LLC

LOUISVILLE · Other Technology

Diligence memoA one-page analyst read on Incubar LLC — recommendation, valuation, rhythm, risks.
$540K
Total raised · real
1
Rounds
0.3×
Latest step-up
Top 81%
Sector rank · raised
Seed
Latest stage · inferred · Fri Jan 26 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Incubar LLC looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the technology 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 0.32× the median modeled value of Seed Other Technology companies in 2016–2018 (1024 peers) — value vs value, same stage and era.
Dormant
  • Last raise 8.4 yr ago; this sector typically re-raises about every 13 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.

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

Issuer-vehicle patternmedium confidence

Incubar 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
8.9 yr record
Peak capital year was 2017 with $1.8M across 1 filings.
Market position
ahead of 20% of Other Technology peers
Capital scale is ahead of 20% of Other Technology peers; modeled value is above 34% 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Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.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 2017: $1.8M across 1 filings.
  • Largest single filing was $1.8M on 2017-08-18.
  • Filing rows sum to $2.4M, while canonical raised total is $540K; 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.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
  • 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 Other Technology

Incubar LLC is one of 21292 Other Technology companies tracked from LOUISVILLE. By capital raised it ranks in the long tail (ahead of 20% 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
2
Investors (latest)
2017
Year incorporated
2018-01-26
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$100MSeed · 2017-08-18 Raised $1.8M (real) Modeled valuation $62M (est)$1.8M$62MSeed2017Seed · 2018-01-26 Raised $540K (real) Modeled valuation $18M (est)$540K$18MSeed2018+$540KCumulative $2.4M

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$1.8M · 2017
Seed extension$540K · 2018

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
$18.4M
Base estimate est.
$476K
Conservative case
$144.4M
Upside case
$2.7M
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 technology sector profile. Directional, not a quoted figure.

Seed · modeled $62.1M · 2017-08-182017Seed · modeled $18.4M · 2018-01-262018
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
39%
Survival probability
18% low · 61% high
1.61×/yr
Annual markup
2.11×/yr upside case
6.0 yr
Elapsed time used
8.4 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
5 mo
Avg between rounds
$1.2M/yr
Capital velocity
8.9 yr
On record since
2017
First round
2
Rounds on file
How it compares to the market

Benchmarked against 21292 companies in Other Technology. 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) 0.2× of median
This company$540K
Sector median$3.2M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.3× of median
This company$540K
Sector median$1.8M
Modeled value — vs sector median (estimate, all stages) 0.5× of median
This company$18.4M
Sector median$37.3M

Raised more than 20% of sector peers (real $). Modeled value above 34% 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 #910 of 1,024.

This companyCohort peer
$10.0M$100.0M$1.0B$100K$1.0M$10.0M$100.0MCapital raised (log)Modern Teacher LLC · Seed Raised $4.0M · modeled $136.3M (est)OneDine, LLC · Seed Raised $4.0M · modeled $136.3M (est)Pixobot, Inc. · Seed Raised $4.7M · modeled $136.3M (est)SubVRsive, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Red Lambda, Inc. · Seed Raised $9.2M · modeled $136.3M (est)Lea, Llc · Seed Raised $4.0M · modeled $136.3M (est)Homebot, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Watershed Systems, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Bivarus, Inc. · Seed Raised $8.3M · modeled $136.3M (est)Salcido Enterprises, LLC · Seed Raised $5.1M · modeled $136.3M (est)RSV QOZB Rural, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Punchbowl, Inc. · Seed Raised $5.6M · modeled $136.3M (est)Incubar LLC (this company) Raised $540K · modeled $18.4M (est)Incubar LLC
CompanyStageRaised · realValue · estvs peer med.
Modern Teacher LLCSeed$4.0M$136.3M2.36×
OneDine, LLCSeed$4.0M$136.3M2.36×
Pixobot, Inc.Seed$4.7M$136.3M2.36×
SubVRsive, Inc.Seed$4.0M$136.3M2.36×
Red Lambda, Inc.Seed$9.2M$136.3M2.36×
Lea, LlcSeed$4.0M$136.3M2.36×
Homebot, Inc.Seed$4.0M$136.3M2.36×
Watershed Systems, Inc.Seed$4.0M$136.3M2.36×
Bivarus, Inc.Seed$8.3M$136.3M2.36×
Salcido Enterprises, LLCSeed$5.1M$136.3M2.36×
RSV QOZB Rural, Inc.Seed$4.0M$136.3M2.36×
Punchbowl, Inc.Seed$5.6M$136.3M2.36×
Incubar LLC this companySeed$540K$18.4M0.32×
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$1.8M2017-08-18$9.1M$62.1M90%
Seed$540K2018-01-26$2.7M$18.4M90%
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$1.8M2017-08-18
    • First recorded raise — entered as Seed.
    • 10 investors on this round.
  2. Seed$540K2018-01-26
    • Came back fast: 5 mo vs the ~13 mo sector norm.
    • Round 3.4× smaller than the prior — bridge or down round.
    • 2 investors on this round.
Intelligence
2018 ~Q3
Modeled next raise · ~5mo cadence
$540K
Modeled next size est.range $540K$864K
0.3×
Last step-up
$1.2M/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
Joseph B. Horn1 other2017-08
R. David Fish1 other2017-08
Thomas P. Reagan1 other2017-08
Eric David Schauble2017-08
James P. Gleason2017-08
Michelle N. Blagg2018-01
Payman David Saffari2017-08
Valerie David Ray2017-08
Registry & provenance

Incubar 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
1730760
SEC CIK
2017
Incorporated
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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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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
Nest Egg Labs, Inc.Software / TechPre-Seed$4.8M84%
Inccubator IncOther TechnologyPre-Seed$14.2M83%
Insticator, Inc.Other TechnologySeries A$107.5M83%
Incluud, Inc.Other TechnologySeries A$2.4M83%
Skubana Inc.Other TechnologySeries A$116.5M83%
Nest Veterinary, Inc.Other TechnologySeed$10.1M83%
Cambridge Incubator, LLCOtherSeries C$1.1B83%
InventalatorOther TechnologyPre-Seed$33.0M83%
Frequently asked
How much funding has Incubar LLC raised?
Incubar LLC has raised approximately $540K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Incubar LLC's estimated valuation?
Provath's modeled valuation for Incubar LLC is approximately $18.4M (modeled range $476K–$144.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Incubar LLC at?
Incubar LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Jan 26.
What does Incubar LLC do and where is it based?
Incubar LLC operates in the Other Technology sector, based in LOUISVILLE.
Explore related

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