Companies · Proptech / Real Estate

IRO Apartment Investors 2022, LLC

SEATTLE · Proptech / Real Estate · refined from filed group “Other

Diligence memoA one-page analyst read on IRO Apartment Investors 2022, LLC — recommendation, valuation, rhythm, risks.
$2.7M
Total raised · real
1
Rounds
Latest step-up
Top 29%
Sector rank · raised
Seed
Latest stage · inferred · Wed Jul 06 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

IRO Apartment Investors 2022, LLC looks fair 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 proptech 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 1.33× the median modeled value of Seed Proptech / Real Estate companies in 2022–2024 (31 peers) — value vs value, same stage and era.
  • Within the normal band (133% of peer median) for its niche.
Dormant
  • Last raise 4.0 yr ago; this sector typically re-raises about every 14 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

IRO Apartment Investors 2022, 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
4.0 yr record
Peak capital year was 2022 with $2.7M across 1 filings.
Market position
ahead of 72% of Proptech / Real Estate peers
Capital scale is ahead of 72% of Proptech / Real Estate peers; modeled value is above 76% 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 2022: $2.7M across 1 filings.
  • Largest single filing was $2.7M on 2022-07-06.
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 Proptech / Real Estate

IRO Apartment Investors 2022, LLC is one of 395 Proptech / Real Estate companies tracked from SEATTLE. By capital raised it ranks in the upper tier (ahead of 72% 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
$0–$1M
Issuer revenue
Rule 506(b)
Reg D exemption
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$5.0M$10M$15M$20MSeed · 2022-07-06 Raised $2.7M (real) Modeled valuation $16M (est)$2.7M$16MSeed2022

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$2.7M · 2022

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
$16.4M
Base estimate est.
$2.3M
Conservative case
$74.6M
Upside case
$13.5M
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 proptech 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.
38%
Survival probability
17% low · 60% high
1.33×/yr
Annual markup
1.75×/yr upside case
4.0 yr
Elapsed time used
4.0 yr actual, capped for stale marks
proptech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
4.0 yr
On record since
2022
First round
1
Rounds on file
How it compares to the market

Benchmarked against 395 companies in Proptech / Real Estate. 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) 1.0× of median
This company$2.7M
Sector median$2.8M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.4× above median
This company$2.7M
Sector median$2.0M
Modeled value — vs sector median (estimate, all stages) 1.2× above median
This company$16.4M
Sector median$13.8M

Raised more than 72% of sector peers (real $). Modeled value above 76% 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 #6 of 31.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0MCapital raised (log)1560 Sherman St Apartments LLC · Seed Raised $3.6M · modeled $23.2M (est)Highland Park & Penn Apartments LLC · Seed Raised $3.7M · modeled $22.7M (est)CA Affordable Housing I, LP · Seed Raised $3.3M · modeled $22.1M (est)San Remy Apartments, LLC · Seed Raised $4.0M · modeled $22.0M (est)Urban Home Living LLC · Seed Raised $3.0M · modeled $16.6M (est)Hyku Home Inc. · Seed Raised $3.1M · modeled $16.3M (est)Florida Home Services Holdings, LLC · Seed Raised $2.6M · modeled $16.0M (est)Ugly Property Holdings, LLC · Seed Raised $2.9M · modeled $15.8M (est)Bexley Apartments LLC · Seed Raised $3.1M · modeled $15.7M (est)CasaDova Apartments LLC · Seed Raised $3.3M · modeled $14.8M (est)Far Homes Inc. · Seed Raised $2.2M · modeled $13.8M (est)IRO Apartment Investors 2022, LLC (this company) Raised $2.7M · modeled $16.4M (est)IRO Apartment Investors 2022, LLC
CompanyStageRaised · realValue · estvs peer med.
1560 Sherman St Apartments LLCSeed$3.6M$23.2M1.89×
Highland Park & Penn Apartments LLCSeed$3.7M$22.7M1.85×
CA Affordable Housing I, LPSeed$3.3M$22.1M1.80×
San Remy Apartments, LLCSeed$4.0M$22.0M1.79×
Urban Home Living LLCSeed$3.0M$16.6M1.35×
IRO Apartment Investors 2022, LLC this companySeed$2.7M$16.4M1.33×
Hyku Home Inc.Seed$3.1M$16.3M1.33×
Florida Home Services Holdings, LLCSeed$2.6M$16.0M1.30×
Ugly Property Holdings, LLCSeed$2.9M$15.8M1.29×
Bexley Apartments LLCSeed$3.1M$15.7M1.28×
CasaDova Apartments LLCSeed$3.3M$14.8M1.21×
Far Homes Inc.Seed$2.2M$13.8M1.12×
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$2.7M2022-07-06$13.5M$16.4M90%
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$2.7M2022-07-06
    • First recorded raise — entered as Seed.
Intelligence
Modeled next raise
$4.3M
Modeled next size est.range $2.8M$6.9M
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
Chad Waldbaum2022-07
Registry & provenance

IRO Apartment Investors 2022, 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
1936692
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
Coventry Real Estate Group LLCProptech / Real EstateSeed$2.7M$13.0Msame sector · same stage
Florida Home Services Holdings, LLCProptech / Real EstateSeed$2.6M$16.0Msame sector · same stage
Mint Home Technologies, Inc.Proptech / Real EstateSeed$2.8M$8.8Msame sector · same stage
Northridge Roscoe First Mortgage Investors, LPProptech / Real EstateSeed$2.6M$28.1Msame sector · same stage
Wyndham Pointe Apartments, LLCProptech / Real EstateSeed$2.6M$28.1Msame sector · same stage
USRC Houston Newco Home, LLCProptech / Real EstateSeed$2.6M$27.9Msame sector · same stage
Ruby Home Services, Inc.Proptech / Real EstateSeed$2.5M$21.0Msame sector · same stage
Lightmaker Property Management, Inc.Proptech / Real EstateSeed$2.5M$25.5Msame 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
Investor POTO LLCOtherSeries B$110.5M79%
Lio Holdings CoOtherSeries C$1.2B79%
RCo Two LLCOtherPre-Seed$4.2M79%
CISO Global, Inc.OtherSeries A$6.9M79%
Eeo Holdings, Inc.OtherSeed$23.1M79%
Affiliated Investors LlcOtherSeed$40.0M79%
Ikos Holdings, Inc.OtherSeed$15.9M79%
RCo One LLCOtherPre-Seed$5.5M79%
Frequently asked
How much funding has IRO Apartment Investors 2022, LLC raised?
IRO Apartment Investors 2022, LLC has raised approximately $2.7M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is IRO Apartment Investors 2022, LLC's estimated valuation?
Provath's modeled valuation for IRO Apartment Investors 2022, LLC is approximately $16.4M (modeled range $2.3M–$74.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is IRO Apartment Investors 2022, LLC at?
IRO Apartment Investors 2022, LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Wed Jul 06.
What does IRO Apartment Investors 2022, LLC do and where is it based?
IRO Apartment Investors 2022, LLC operates in the Proptech / Real Estate sector, based in SEATTLE.
Explore related

See where IRO Apartment Investors 2022, 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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