Companies · Other

Independence Contract Drilling, Inc.

Houston · Other

Diligence memoA one-page analyst read on Independence Contract Drilling, Inc. — recommendation, valuation, rhythm, risks.
$159.9M
Total raised · real
2
Rounds
0.0×
Latest step-up
Top 3%
Sector rank · raised
Series D+
Latest stage · inferred · Wed Nov 11 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Independence Contract Drilling, Inc. 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.

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 0.04× the median modeled value of Series D+ Other companies in 2019–2021 (110 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.6 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal 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 Other

Independence Contract Drilling, Inc. is one of 25015 Other companies tracked from Houston. By capital raised it ranks among the largest (ahead of 98% of sector peers), and in the upper tier 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
1
Investors (latest)
2020-11-11
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$1.3B$2.5B$3.8B$5.0BSeries D+ · 2018-07-18 Raised $155M (real) Modeled valuation $2.7B (est)$155M$2.7BSeries D+2018Series D+ · 2020-11-11 Raised $5.0M (real) Modeled valuation $82M (est)$5.0M$82MSeries D+2020+$5.0MCumulative $160M

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 D+$154.9M · 2018
Series D+ extension$5.0M · 2020

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 17%.

Modeled valuation trajectory
$81.8M
Base estimate est.
$28.3M
Conservative case
$171.9M
Upside case
$41.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Series D+ · modeled $2.7B · 2018-07-182018Series D+ · modeled $81.8M · 2020-11-112020
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
85%
Survival probability
68% low · 94% high
1.16×/yr
Annual markup
1.30×/yr upside case
5.6 yr
Elapsed time used
5.6 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
28 mo
Avg between rounds
$69.0M/yr
Capital velocity
8.0 yr
On record since
2018
First round
2
Rounds on file
How it compares to the market

Benchmarked against 25015 companies in Other. 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) 78× above median
This company$159.9M
Sector median$2.0M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.0× of median
This company$5.0M
Sector median$125.1M
Modeled value — vs sector median (estimate, all stages) 4.6× above median
This company$81.8M
Sector median$17.7M

Raised more than 98% of sector peers (real $). Modeled value above 80% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) 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 #105 of 110.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$100.0M$1.0BCapital raised (log)Renascence Equity Ventures, Inc. · Series D+ Raised $400.0M · modeled $6.1B (est)Trulioo Information Services Inc. · Series D+ Raised $429.5M · modeled $5.9B (est)Diamond S Shipping Inc. · Series D+ Raised $333.3M · modeled $5.8B (est)BOA Holdings Inc. · Series D+ Raised $340.1M · modeled $5.6B (est)Maverick Parent L.P. · Series D+ Raised $305.7M · modeled $5.3B (est)Sustainable Bioproducts, Inc. · Series D+ Raised $460.0M · modeled $5.3B (est)Convoy, Inc. · Series D+ Raised $479.6M · modeled $5.2B (est)Natasha Harris-Johnson Trust · Series D+ Raised $300.0M · modeled $5.2B (est)Thriveworks TopCo, LLC · Series D+ Raised $340.2M · modeled $5.0B (est)Fanatics TC Holdco, Inc. · Series D+ Raised $347.0M · modeled $5.0B (est)ALCV Investments, L.P. · Series D+ Raised $310.0M · modeled $4.8B (est)Kabompo Holdings, Ltd. · Series D+ Raised $375.8M · modeled $4.6B (est)Independence Contract Drilling, Inc. (this company) Raised $159.9M · modeled $81.8M (est)Independence Contract Drilling, Inc.
CompanyStageRaised · realValue · estvs peer med.
Renascence Equity Ventures, Inc.Series D+$400.0M$6.1B2.80×
Trulioo Information Services Inc.Series D+$429.5M$5.9B2.75×
Diamond S Shipping Inc.Series D+$333.3M$5.8B2.66×
BOA Holdings Inc.Series D+$340.1M$5.6B2.60×
Maverick Parent L.P.Series D+$305.7M$5.3B2.44×
Sustainable Bioproducts, Inc.Series D+$460.0M$5.3B2.44×
Convoy, Inc.Series D+$479.6M$5.2B2.41×
Natasha Harris-Johnson TrustSeries D+$300.0M$5.2B2.40×
Thriveworks TopCo, LLCSeries D+$340.2M$5.0B2.33×
Fanatics TC Holdco, Inc.Series D+$347.0M$5.0B2.31×
ALCV Investments, L.P.Series D+$310.0M$4.8B2.20×
Kabompo Holdings, Ltd.Series D+$375.8M$4.6B2.13×
Independence Contract Drilling, Inc. this companySeries D+$159.9M$81.8M0.04×
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 D+$154.9M2018-07-18$1.3B$2.7B90%
Series D+$5.0M2020-11-11$41.7M$81.8M90%
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 D+$154.9M2018-07-18
    • First recorded raise — entered as Series D+.
    • 30 investors on this round.
  2. Series D+$5.0M2020-11-11
    • Raised again after 28 mo — slower than the ~11 mo sector norm.
    • Round 31.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2023 ~Q1
Modeled next raise · ~28mo cadence
$5.0M
Modeled next size est.range $5.0M$8.0M
0.0×
Last step-up
$69.0M/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
Adam J. Piekarski2020-11
Byron A. Dunn2018-07
Chris K. Menefee2018-07
Daniel F. McNease2018-07
James D. Crandell2018-07
James G. Minmier2020-11
J. Anthony Gallegos, Jr.2020-11
Matthew D. Fitzgerald2018-07
Michael J. Harwell2018-07
Philip A. Choyce2018-07
Philip A. Dalrymple2018-07
Thomas R. Bates, Jr.2018-07
Tighe K. Noonan2018-07
Registry & provenance

Independence Contract Drilling, Inc. 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
1537028
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
CANarchy Holding Co LLCOtherSeries D+$156.2M$86.3Msame sector · same stage
PAS Tech Holdings, Inc.OtherSeries D+$121.8M$86.3Msame sector · same stage
Panther Purchaser, L.P.OtherSeries D+$113.4M$79.9Msame sector · same stage
Detour Gold CorpOtherSeries D+$312.9M$82.8Msame sector · same stage
Gaucho Topco, LlcOtherSeries D+$368.5M$82.5Msame sector · same stage
Deloitte & Touche LlpOtherSeries B$157.1M$79.1Msame sector
Fusion-Io, Inc.OtherSeries C$151.1M$85.7Msame sector
Myoscience, IncOtherSeries B$122.6M$83.1Msame sector
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
All American Drilling, Inc.OtherSeed$22.3M84%
Drilling Info Holdings, Inc.Other TechnologySeries D+$726.4M80%
Liberty Oilfield Services Holdings LLCOtherSeries D+$3.3B79%
Construction Supply Holdings, LLCOtherSeries B$351.1M78%
Independence Gold Corp.Mining & ResourcesSeed$361K78%
Consolidated Fasteners, LLCOtherSeed$20.4M77%
Installation Services Holdings, LlcOtherSeries C$792.8M77%
Turner Valley Oil & Gas IncOtherPre-Seed$2.6M77%
Frequently asked
How much funding has Independence Contract Drilling, Inc. raised?
Independence Contract Drilling, Inc. has raised approximately $159.9M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Independence Contract Drilling, Inc.'s estimated valuation?
Provath's modeled valuation for Independence Contract Drilling, Inc. is approximately $81.8M (modeled range $28.3M–$171.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Independence Contract Drilling, Inc. at?
Independence Contract Drilling, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Wed Nov 11.
What does Independence Contract Drilling, Inc. do and where is it based?
Independence Contract Drilling, Inc. operates in the Other sector, based in Houston.
Explore related

See where Independence Contract Drilling, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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