Diligence memo · auto-generated · as of July 2, 2026
MWR TopCo, LLC
MWR TopCo, LLC looks under-valued against its niche peers and is quiet on financing cadence.
Businessfiled
MWR TopCo, LLC operates in Other, based in CARMEL.
Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
MWR TopCo, LLC has raised $28M in disclosed capital across 6 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $19M on 2023-02-06.
Most recent recorded round closed around 2024-09-20.
Valuation (modeled)modeled
Provath models MWR TopCo, LLC at approximately $30M (range $13M–$51M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.19× the median modeled value of Series B Other companies in 2022–2024 (465 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 4 months.
Last raise 21 mo ago; this sector typically re-raises about every 11 months.
Slightly overdue versus sector cadence.
The last round stepped up 51.2× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 89% of Other peers (25015 compared).
Modeled value ranks above 62% of those peers.
Closest niche peers: Ever/Body, Inc., Financeware Holdings LLC, American Cricket Enterprises Inc., Xlerate Ultimate Holdings, Lp, MDME Ultimate Holdings, LP.
Peoplefiled
5 named people on file across officers, directors and signatories.
Risks & flagsmixed
Broad sector classification weakens peer comparison.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.