Diligence memo · auto-generated · as of July 2, 2026
Modern Adventure, LLC
Modern Adventure, LLC looks fair against its niche peers and is at-risk on financing cadence.
Businessfiled
Modern Adventure, LLC operates in Tourism and Travel Services, based in Portland.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Modern Adventure, LLC has raised $4.1M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $2.5M on 2023-08-18.
Most recent recorded round closed around 2023-08-18.
Valuation (modeled)modeled
Provath models Modern Adventure, LLC at approximately $8.7M (range $2.0M–$29M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
Historic cadence: a new round about every 35 months.
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.
The last round stepped up 4.2× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 73% of Tourism and Travel Services peers (172 compared).
Modeled value ranks above 58% of those peers.
Closest niche peers: Aeolus Air Charter, Inc., Zero-Gravity Holdings, Inc., Spot2Nite Inc., Indagare Travel, Inc, BEYONDER Getaway Rising Sun LLC.
Peoplefiled
2 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.