Companies · Construction

Mulberry Connections LLC

DENVER · Construction

Diligence memoA one-page analyst read on Mulberry Connections LLC — recommendation, valuation, rhythm, risks.
$9.6M
Total raised · real
1
Rounds
Latest step-up
Top 15%
Sector rank · raised
Series A
Latest stage · inferred · Mon Jun 28 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Mulberry Connections 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 construction 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 1.31× the median modeled value of Series A Construction companies in 2019–2021 (32 peers) — value vs value, same stage and era.
  • Within the normal band (131% of peer median) for its niche.
Dormant
  • Last raise 5.0 yr ago; this sector typically re-raises about every 12 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

Mulberry Connections 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
5.0 yr record
Peak capital year was 2021 with $9.6M across 1 filings.
Market position
ahead of 86% of Construction peers
Capital scale is ahead of 86% of Construction peers; modeled value is above 89% 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 2021: $9.6M across 1 filings.
  • Largest single filing was $9.6M on 2021-06-28.
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 Construction

Mulberry Connections LLC is one of 1338 Construction companies tracked from DENVER. By capital raised it ranks in the upper tier (ahead of 86% 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
No revenue
Issuer revenue
Rule 506(b)
Reg D exemption
42
Investors (latest)
2021
Year incorporated
2021-06-28
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$100MSeries A · 2021-06-28 Raised $9.6M (real) Modeled valuation $51M (est)$9.6M$51MSeries A2021

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 A$9.6M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$50.7M
Base estimate est.
$13.1M
Conservative case
$219.5M
Upside case
$43.6M
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 scaled by the construction sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
55%
Survival probability
30% low · 75% high
1.16×/yr
Annual markup
1.46×/yr upside case
5.0 yr
Elapsed time used
5.0 yr actual, capped for stale marks
construction
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
5.0 yr
On record since
2021
First round
1
Rounds on file
How it compares to the market

Benchmarked against 1338 companies in Construction. 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) 4.0× above median
This company$9.6M
Sector median$2.4M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.5× above median
This company$9.6M
Sector median$6.3M
Modeled value — vs sector median (estimate, all stages) 5.1× above median
This company$50.7M
Sector median$9.9M

Raised more than 86% of sector peers (real $). Modeled value above 89% 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 #12 of 32.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Juniper Norman OZ Senior Housing, LP · Series A Raised $13.0M · modeled $79.6M (est)Redmond Builders LLC · Series A Raised $12.0M · modeled $70.7M (est)Alexandria Multifamily, LLC · Series A Raised $11.0M · modeled $67.3M (est)CGP Net Lease Mezz Equity II, LLC · Series A Raised $10.8M · modeled $66.0M (est)Cgb Iii Bw Llc · Series A Raised $10.8M · modeled $65.8M (est)Buckhorn Valley Holdings, LLC · Series A Raised $12.0M · modeled $64.6M (est)2510 Ocean Avenue Development Co LLC · Series A Raised $12.0M · modeled $64.4M (est)Gorman General Contractors, LLC · Series A Raised $9.4M · modeled $57.8M (est)Palm Bay Sebastian Investments LLC · Series A Raised $9.0M · modeled $53.2M (est)PP&S Holdings LLC · Series A Raised $10.0M · modeled $53.0M (est)BDG Investment LLC · Series A Raised $9.0M · modeled $52.6M (est)Mulberry Connections LLC (this company) Raised $9.6M · modeled $50.7M (est)Mulberry Connections LLC
CompanyStageRaised · realValue · estvs peer med.
Juniper Norman OZ Senior Housing, LPSeries A$13.0M$79.6M2.05×
Redmond Builders LLCSeries A$12.0M$70.7M1.82×
Alexandria Multifamily, LLCSeries A$11.0M$67.3M1.74×
CGP Net Lease Mezz Equity II, LLCSeries A$10.8M$66.0M1.70×
Cgb Iii Bw LlcSeries A$10.8M$65.8M1.69×
Buckhorn Valley Holdings, LLCSeries A$12.0M$64.6M1.67×
2510 Ocean Avenue Development Co LLCSeries A$12.0M$64.4M1.66×
Gorman General Contractors, LLCSeries A$9.4M$57.8M1.49×
Palm Bay Sebastian Investments LLCSeries A$9.0M$53.2M1.37×
PP&S Holdings LLCSeries A$10.0M$53.0M1.37×
BDG Investment LLCSeries A$9.0M$52.6M1.36×
Mulberry Connections LLC this companySeries A$9.6M$50.7M1.31×
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 A$9.6M2021-06-28$43.6M$50.7M90%
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. Series A$9.6M2021-06-28
    • First recorded raise — entered as Series A.
    • 42 investors on this round.
Intelligence
Modeled next raise
$15.4M
Modeled next size est.range $10.0M$24.6M
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
John Comunale2021-06
Registry & provenance

Mulberry Connections 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
1872790
SEC CIK
2021
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.

CompanySectorStageRaised · realValue · estWhy similar
Banner Windsor Hosford Storage LLCConstructionSeries A$9.5M$58.2Msame sector · same stage
Gorman General Contractors, LLCConstructionSeries A$9.4M$57.8Msame sector · same stage
Tailwind Colony Holding Corp.ConstructionSeries A$9.8M$60.2Msame sector · same stage
3rd Street Development, LLCConstructionSeries A$9.9M$60.6Msame sector · same stage
1556 Hi Point Investors, LLCConstructionSeries A$10.0M$61.2Msame sector · same stage
AsteraConstructionSeries A$10.0M$35.1Msame sector · same stage
Cory St. Properties, LLCConstructionSeries A$10.0M$25.0Msame sector · same stage
Diamond Renovations IncConstructionSeries A$10.0M$30.6Msame 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
Buckhorn Valley Holdings, LLCConstructionSeries A$64.6M80%
Master Key Construction CorpConstructionSeries A$32.2M80%
Main & A Connect LLCConstructionSeed$16.5M80%
KG McCordsville LLCConstructionPre-Seed$1.6M80%
Gage Bros. Concrete Products, Inc.ConstructionSeed$17.7M79%
Bluegrass Service Partners LLCConstructionSeed$3.2M79%
Tadpole, LLCConstructionSeries A$12.8M79%
K Sfr Granby, LlcConstructionSeed$12.0M79%
Frequently asked
How much funding has Mulberry Connections LLC raised?
Mulberry Connections LLC has raised approximately $9.6M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Mulberry Connections LLC's estimated valuation?
Provath's modeled valuation for Mulberry Connections LLC is approximately $50.7M (modeled range $13.1M–$219.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Mulberry Connections LLC at?
Mulberry Connections LLC's latest modeled financing stage is Series A. Its most recent recorded round closed around Mon Jun 28.
What does Mulberry Connections LLC do and where is it based?
Mulberry Connections LLC operates in the Construction sector, based in DENVER.
Explore related

See where Mulberry Connections 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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