Companies · Tourism and Travel Services

Modern Adventure, LLC

Portland · Tourism and Travel Services

Diligence memoA one-page analyst read on Modern Adventure, LLC — recommendation, valuation, rhythm, risks.
$4.1M
Total raised · real
3
Rounds
4.2×
Latest step-up
Top 28%
Sector rank · raised
Seed
Latest stage · inferred · Fri Aug 18 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Modern Adventure, LLC looks fair against its niche peers and is at-risk on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the travel 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 1.00× the median modeled value of Seed Tourism and Travel Services companies in 2022–2024 (11 peers) — value vs value, same stage and era.
  • Within the normal band (100% of peer median) for its niche.
At-risk
  • Last raise 2.9 yr ago; this sector typically re-raises about every 14 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.

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

Issuer-vehicle patternmedium confidence

Modern Adventure, 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
8.7 yr record
Peak capital year was 2023 with $2.5M across 1 filings.
Market position
ahead of 73% of Tourism and Travel Services peers
Capital scale is ahead of 73% of Tourism and Travel Services peers; modeled value is above 58% 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 2023: $2.5M across 1 filings.
  • Largest single filing was $2.5M on 2023-08-18.
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.
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 Tourism and Travel Services

Modern Adventure, LLC is one of 172 Tourism and Travel Services companies tracked from Portland. By capital raised it ranks in the upper tier (ahead of 73% of sector peers), and mid-pack 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)
2023-08-18
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$2.5M$5.0M$7.5M$10MPre-Seed · 2017-10-23 Raised $1.0M (real) Modeled valuation $8.9M (est)$1.0M$8.9MPre-Seed2017Pre-Seed · 2018-09-21 Raised $600K (real) Modeled valuation $5.4M (est)$600K$5.4MPre-Seed2018Seed · 2023-08-18 Raised $2.5M (real) Modeled valuation $8.7M (est)$2.5M$8.7MSeed2023+$600K+$2.5MCumulative $4.1M

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$1.0M · 2017
Pre-Seed extension$600K · 2018
Seed$2.5M · 2023

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$8.7M
Base estimate est.
$2.0M
Conservative case
$29.2M
Upside case
$12.5M
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 travel sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $8.9M · 2017-10-232017Pre-Seed · modeled $5.4M · 2018-09-21Seed · modeled $8.7M · 2023-08-182023
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
36%
Survival probability
16% low · 55% high
1.26×/yr
Annual markup
1.65×/yr upside case
2.9 yr
Elapsed time used
2.9 yr actual, capped for stale marks
travel
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
35 mo
Avg between rounds
$705K/yr
Capital velocity
8.7 yr
On record since
2017
First round
3
Rounds on file
How it compares to the market

Benchmarked against 172 companies in Tourism and Travel Services. 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) 3.1× above median
This company$4.1M
Sector median$1.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.6× above median
This company$2.5M
Sector median$1.5M
Modeled value — vs sector median (estimate, all stages) 1.6× above median
This company$8.7M
Sector median$5.5M

Raised more than 73% of sector peers (real $). Modeled value above 58% 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 11.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)Aeolus Air Charter, Inc. · Seed Raised $3.0M · modeled $14.8M (est)Zero-Gravity Holdings, Inc. · Seed Raised $4.4M · modeled $12.7M (est)Spot2Nite Inc. · Seed Raised $2.4M · modeled $11.1M (est)Indagare Travel, Inc · Seed Raised $2.2M · modeled $10.1M (est)BEYONDER Getaway Rising Sun LLC · Seed Raised $1.9M · modeled $9.1M (est)Birdie Houses, Inc. · Seed Raised $2.2M · modeled $6.6M (est)Westport Golf, Inc. · Seed Raised $1.5M · modeled $5.2M (est)MML Investment LLC · Seed Raised $1.3M · modeled $5.0M (est)Glamping Hub International, Inc. · Seed Raised $2.8M · modeled $1.2M (est)Tripgrid, Inc. · Seed Raised $4.2M · modeled $553K (est)Modern Adventure, LLC (this company) Raised $4.1M · modeled $8.7M (est)Modern Adventure, LLC
CompanyStageRaised · realValue · estvs peer med.
Aeolus Air Charter, Inc.Seed$3.0M$14.8M1.71×
Zero-Gravity Holdings, Inc.Seed$4.4M$12.7M1.46×
Spot2Nite Inc.Seed$2.4M$11.1M1.28×
Indagare Travel, IncSeed$2.2M$10.1M1.16×
BEYONDER Getaway Rising Sun LLCSeed$1.9M$9.1M1.05×
Modern Adventure, LLC this companySeed$4.1M$8.7M1.00×
Birdie Houses, Inc.Seed$2.2M$6.6M0.76×
Westport Golf, Inc.Seed$1.5M$5.2M0.60×
MML Investment LLCSeed$1.3M$5.0M0.58×
Glamping Hub International, Inc.Seed$2.8M$1.2M0.14×
Tripgrid, Inc.Seed$4.2M$553K0.06×
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$1.0M2017-10-23$5.6M$8.9M90%
Pre-Seed$600K2018-09-21$3.3M$5.4M90%
Seed$2.5M2023-08-18$12.5M$8.7M90%
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$1.0M2017-10-23
    • First recorded raise — entered as Pre-Seed.
    • 9 investors on this round.
  2. Pre-Seed$600K2018-09-21
    • Raised 11 mo later, in step with the ~14 mo sector norm.
    • Round 1.7× smaller than the prior — bridge or down round.
    • Revenue band moved No revenue → $1M–$5M.
    • 2 investors on this round.
  3. Seed$2.5M2023-08-18
    • Raised again after 59 mo — slower than the ~14 mo sector norm.
    • Round 4.2× larger than the prior — scaling up.
    • 2 investors on this round.
Intelligence
2026 ~Q3
Modeled next raise · ~35mo cadence
$7.5M
Modeled next size est.range $4.9M$12.0M
4.2×
Last step-up
$705K/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
Luis Vargas2017-10
Scott McNeely2023-08
Registry & provenance

Modern Adventure, 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
1721202
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
Tripgrid, Inc.Tourism and Travel ServicesSeed$4.2M$553Ksame sector · same stage
Beskapes, Inc.Tourism and Travel ServicesSeed$3.9M$28.3Msame sector · same stage
Ride, LLCTourism and Travel ServicesSeed$3.9M$2.8Msame sector · same stage
Zero-Gravity Holdings, Inc.Tourism and Travel ServicesSeed$4.4M$12.7Msame sector · same stage
JackRabbit Systems, Inc.Tourism and Travel ServicesSeed$4.7M$20.7Msame sector · same stage
Team Vision Virtual, Inc.Tourism and Travel ServicesSeed$3.4M$1.2Msame sector · same stage
Munising Water Sports, Inc.Tourism and Travel ServicesSeed$3.4M$16.1Msame sector · same stage
Frost Group, LLCTourism and Travel ServicesSeed$3.4M$24.0Msame 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
Adventure Travel Trade Association, Inc.Other TravelSeed$11.7M78%
Ride, LLCTourism and Travel ServicesSeed$2.8M78%
Tru Adventure Travel IncTourism and Travel ServicesPre-Seed$1.1M78%
Nomadic Travel IncTourism and Travel ServicesPre-Seed$509K78%
tripdeals.FUN, Inc.Tourism and Travel ServicesSeries A$42.0M77%
TrueFan Travel, LLCTourism and Travel ServicesSeed$300K77%
Journey Rewards Inc.Tourism and Travel ServicesSeries A$17.9M77%
Channel Islands Expeditions Inc.Tourism and Travel ServicesPre-Seed$1.6M76%
Frequently asked
How much funding has Modern Adventure, LLC raised?
Modern Adventure, LLC has raised approximately $4.1M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Modern Adventure, LLC's estimated valuation?
Provath's modeled valuation for Modern Adventure, LLC is approximately $8.7M (modeled range $2.0M–$29.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Modern Adventure, LLC at?
Modern Adventure, LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Aug 18.
What does Modern Adventure, LLC do and where is it based?
Modern Adventure, LLC operates in the Tourism and Travel Services sector, based in Portland.
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