Companies · Other

LQD Assets, LLC

BARDSTOWN · Other

Diligence memoA one-page analyst read on LQD Assets, LLC — recommendation, valuation, rhythm, risks.
$22.9M
Total raised · real
6
Rounds
0.2×
Latest step-up
Top 14%
Sector rank · raised
Series A
Latest stage · inferred · Mon Jun 23 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

LQD Assets, LLC looks under-valued against its niche peers and is active 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 0.02× the median modeled value of Series A Other companies in 2025–2027 (487 peers) — value vs value, same stage and era.
  • Issuer reports $1M–$5M revenue while modeled below niche peers.
Active
  • Last raise 12 mo ago; this sector typically re-raises about every 11 months.
  • Raising on or ahead of the sector's normal rhythm.

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

Issuer-vehicle patternmedium confidence

LQD Assets, 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
2.7 yr record
Peak capital year was 2023 with $34.2M across 5 filings.
Market position
ahead of 87% of Other peers
Capital scale is ahead of 87% of Other peers; modeled value is above 1% 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
Lower 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Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.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.
  • Sector is still broad/Other, so operating comparables are weak.
  • 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: $34.2M across 5 filings.
  • Largest single filing was $12.0M on 2023-10-06.
  • Filing rows sum to $34.9M, while canonical raised total is $22.9M; 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 Other

LQD Assets, LLC is one of 25015 Other companies tracked from BARDSTOWN. By capital raised it ranks in the upper tier (ahead of 87% 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
$1M–$5M
Issuer revenue
Rule 506(b)
Reg D exemption
4
Investors (latest)
2022
Year incorporated
2025-06-23
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$100MPre-Seed · 2023-10-06 Raised $395K (real) Modeled valuation $2.2M (est)Pre-Seed2023Series A · 2023-10-06 Raised $12M (real) Modeled valuation $68M (est)Series A2023Series A · 2023-10-06 Raised $9.0M (real) Modeled valuation $51M (est)Series A2023Pre-Seed · 2023-10-06 Raised $763K (real) Modeled valuation $4.2M (est)Pre-Seed2023Series A · 2023-12-13 Raised $12M (real) Modeled valuation $65M (est)Series A2023Series A · 2025-06-09 Raised $601K (real) Modeled valuation $2.1M (est)Series A2025Series A · 2025-06-23 Raised $113K (real) Modeled valuation $384K (est)Series A2025+$12M+$9.0M+$763K+$12M+$601K+$113KCumulative $35M

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
Pre-Seed$395K · 2023
Series A$12.0M · 2023no Seed on file
Series A extension$9.0M · 2023
Bridge · Series A-stage$763K · 2023smaller follow-on
Series A extension$12.0M · 2023
Series A extension$601K · 2025
Series A extension$113K · 2025

Stages are modeled from round size (public records carry no series label). No record for: 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
$384K
Base estimate est.
$154K
Conservative case
$663K
Upside case
$514K
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Pre-Seed · modeled $2.2M · 2023-10-062023Series A · modeled $68.2M · 2023-10-06Series A · modeled $51.2M · 2023-10-06Pre-Seed · modeled $4.2M · 2023-10-06Series A · modeled $64.5M · 2023-12-13Series A · modeled $2.1M · 2025-06-09Series A · modeled $384K · 2025-06-232025
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
55%
Survival probability
30% low · 75% high
1.35×/yr
Annual markup
1.70×/yr upside case
1.0 yr
Elapsed time used
1.0 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
3 mo
Avg between rounds
$13.3M/yr
Capital velocity
2.7 yr
On record since
2023
First round
7
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) 11× above median
This company$22.9M
Sector median$2.0M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.0× of median
This company$113K
Sector median$5.7M
Modeled value — vs sector median (estimate, all stages) 0.0× of median
This company$384K
Sector median$17.7M

Raised more than 87% of sector peers (real $). Modeled value above 1% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #484 of 487.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$10.0M$100.0MCapital raised (log)Sea Court GP, LLC · Series A Raised $15.0M · modeled $57.7M (est)Kastle Biopartners II LP · Series A Raised $14.4M · modeled $53.2M (est)Econic Investment LLC · Series A Raised $14.0M · modeled $53.1M (est)DCFC Holdings, LLC · Series A Raised $16.1M · modeled $51.8M (est)HeadVantage Corp · Series A Raised $15.0M · modeled $50.8M (est)Cobbs Creek Restoration & Community Foundation · Series A Raised $14.1M · modeled $50.5M (est)Mawson Resources Ltd · Series A Raised $26.3M · modeled $50.3M (est)Chess Champion Ltd Liability Co · Series A Raised $15.0M · modeled $50.1M (est)Sepratech TopCo, LLC · Series A Raised $14.6M · modeled $49.7M (est)MATT & LEWIS DEVELOPMENT Ltd LIABILITY Co · Series A Raised $15.0M · modeled $48.7M (est)FlyGuys, Inc · Series A Raised $16.7M · modeled $48.6M (est)Empyrean Club, LLC · Series A Raised $14.0M · modeled $48.1M (est)LQD Assets, LLC (this company) Raised $22.9M · modeled $384K (est)LQD Assets, LLC
CompanyStageRaised · realValue · estvs peer med.
Sea Court GP, LLCSeries A$15.0M$57.7M2.99×
Kastle Biopartners II LPSeries A$14.4M$53.2M2.75×
Econic Investment LLCSeries A$14.0M$53.1M2.75×
DCFC Holdings, LLCSeries A$16.1M$51.8M2.68×
HeadVantage CorpSeries A$15.0M$50.8M2.63×
Cobbs Creek Restoration & Community FoundationSeries A$14.1M$50.5M2.61×
Mawson Resources LtdSeries A$26.3M$50.3M2.60×
Chess Champion Ltd Liability CoSeries A$15.0M$50.1M2.59×
Sepratech TopCo, LLCSeries A$14.6M$49.7M2.57×
MATT & LEWIS DEVELOPMENT Ltd LIABILITY CoSeries A$15.0M$48.7M2.52×
FlyGuys, IncSeries A$16.7M$48.6M2.51×
Empyrean Club, LLCSeries A$14.0M$48.1M2.49×
LQD Assets, LLC this companySeries A$22.9M$384K0.02×
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.
Pre-Seed$395K2023-10-06$2.2M$2.2M90%
Series A$12.0M2023-10-06$54.5M$68.2M90%
Series A$9.0M2023-10-06$40.9M$51.2M90%
Pre-Seed$763K2023-10-06$4.2M$4.2M90%
Series A$12.0M2023-12-13$54.5M$64.5M90%
Series A$601K2025-06-09$2.7M$2.1M90%
Series A$113K2025-06-23$514K$384K90%
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. Pre-Seed$395K2023-10-06
    • First recorded raise — entered as Pre-Seed.
    • 10 investors on this round.
  2. Series A$12.0M2023-10-06
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 30.4× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 504).
  3. Series A$9.0M2023-10-06
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.3× smaller than the prior — bridge or down round.
  4. Pre-Seed$763K2023-10-06
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 11.8× smaller than the prior — bridge or down round.
    • Switched to Rule 504 (was Rule 506(b)).
    • 24 investors on this round.
  5. Series A$12.0M2023-12-13
    • Came back fast: 2 mo vs the ~11 mo sector norm.
    • Round 15.7× larger than the prior — scaling up.
    • Switched to Rule 506(c) (was Rule 504).
  6. Series A$601K2025-06-09
    • Raised again after 18 mo — slower than the ~11 mo sector norm.
    • Round 20.0× smaller than the prior — bridge or down round.
    • 11 investors on this round.
  7. Series A$113K2025-06-23
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 5.3× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 506(c)).
    • 4 investors on this round.
Intelligence
2025 ~Q4
Modeled next raise · ~3mo cadence
$113K
Modeled next size est.range $113K$181K
0.2×
Last step-up
$13.3M/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
Morgan Michelle Salsman2025-06
Morgan Salsman2023-10
Registry & provenance

LQD Assets, 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
1991008
SEC CIK
2022
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.

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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
Lnkd Capital, LLCOtherPre-Seed$2.2M89%
Lv Investors LlcOtherSeries A$22.1M86%
Qqco Investments, LlcOtherSeries A$211.9M85%
EQT Private Equity Co LLCOtherGrowth/Late$4.7B84%
LAVLE Holdings, Inc.OtherSeries A$69.2M84%
LMS Investment, LLCOtherSeries A$70.1M84%
BD 21 Investments, LLCOtherPre-Seed$7.4M84%
LH Law Holdings LLCOtherPre-Seed$2.3M83%
Frequently asked
How much funding has LQD Assets, LLC raised?
LQD Assets, LLC has raised approximately $22.9M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is LQD Assets, LLC's estimated valuation?
Provath's modeled valuation for LQD Assets, LLC is approximately $384K (modeled range $154K–$663K). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is LQD Assets, LLC at?
LQD Assets, LLC's latest modeled financing stage is Series A. Its most recent recorded round closed around Mon Jun 23.
What does LQD Assets, LLC do and where is it based?
LQD Assets, LLC operates in the Other sector, based in BARDSTOWN.
Explore related

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