Companies · Govtech / Public Sector
CARLSBAD · Govtech / Public Sector · refined from filed group “Other”
Diligence memoA one-page analyst read on Municipal Apparel Co LLC — recommendation, valuation, rhythm, risks.→Municipal Apparel Co LLC has raised $8.2M over 1 round; too few niche peers to rank its valuation yet.
Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the govtech sector profile.
Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.
Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.
Municipal Apparel Co LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.
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.
Municipal Apparel Co LLC is one of 46 Govtech / Public Sector companies tracked from CARLSBAD. By capital raised it ranks among the largest (ahead of 91% 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.
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.
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.
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%.
Round size and date are reported; the stage label is inferred from round size (latest is Series A — a $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the govtech sector profile. Directional, not a quoted figure.
Not enough modeled valuation points to chart a trajectory.
Benchmarked against 46 companies in Govtech / Public Sector. 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.
Raised more than 91% of sector peers (real $). Modeled value above 89% of peers (estimate).
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.
Not enough valued peers in this cohort to chart positioning.
| Company | Stage | Raised · real | Value · est | vs peer med. |
|---|---|---|---|---|
| Municipal Apparel Co LLC this company | Series A | $8.2M | $25.6M | 1.87× |
| Municipal Parking Services, Inc. | Series A | $33.1M | $1.7M | 0.13× |
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.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| Series A | $8.2M | 2025-12-18 | $37.4M | $25.6M | 90% |
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
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.
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.
| Person | Role | Also runs | Tied since |
|---|---|---|---|
| Harrison Arnett | — | — | 2025-12 |
Municipal Apparel Co 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.
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.
| Company | Sector | Stage | Raised · real | Value · est | Why similar |
|---|---|---|---|---|---|
| SimpleCitizen, Inc. | Govtech / Public Sector | Series A | $6.3M | $115.0M | same sector · same stage |
| Govly Inc. | Govtech / Public Sector | Series A | $13.1M | $90.4M | same sector · same stage |
| Token Transit, Inc. | Govtech / Public Sector | Series A | $4.1M | $86.0M | same sector · same stage |
| Municipal Parking Services, Inc. | Govtech / Public Sector | Series A | $33.1M | $1.7M | same sector · same stage |
| Pigeonly, Inc. | Govtech / Public Sector | Seed | $6.9M | $4.1M | same sector |
| Almetra | Govtech / Public Sector | Series B | $17.6M | $68.8M | same sector |
| Zelara | Govtech / Public Sector | Seed | $3.2M | $6.7M | same sector |
| Municipal Solvency Research LLC | Govtech / Public Sector | Seed | $3.0M | $15.6M | same sector |
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.
| Company | Sector | Stage | Value · est | Match |
|---|---|---|---|---|
| Municipal Solvency Research LLC | Govtech / Public Sector | Seed | $15.6M | 82% |
| Municipal Parking Services, Inc. | Govtech / Public Sector | Series A | $1.7M | 76% |
| Municipal department 31 Austrian company. | Govtech / Public Sector | — | — | 76% |
| HeroWear, LLC | Other | Pre-Seed | $22.3M | 76% |
| Government Technical Services Corp | Other | Pre-Seed | $4.2M | 75% |
| GovX, Inc. | Other | Series A | $56.4M | 75% |
| Mpni, Llc | Other | Seed | $53.0M | 74% |
| Société coopérative du Théâtre Municipal de Lausanne Swiss company. | Govtech / Public Sector | — | — | 73% |
See where Municipal Apparel Co 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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