Companies · Business Services

NorthSummit Drilling Program - 2014 LP

HOUSTON · Business Services

Diligence memoA one-page analyst read on NorthSummit Drilling Program - 2014 LP — recommendation, valuation, rhythm, risks.→
$50.0M
Total raised · real
1
Rounds
—
Latest step-up
Top 6%
Sector rank · raised
Series C
Latest stage · inferred

NorthSummit Drilling Program - 2014 LP looks under-valued against its niche peers and is active on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the business services sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.38× the median modeled value of Series C Business Services companies (70 peers) — value vs value, same stage and era.
Active
  • No dated round to assess.

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

Issuer-vehicle patternmedium confidence

NorthSummit Drilling Program - 2014 LP 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
56.7 yr record
Peak capital year was Undated with $50.0M across 1 filings.
Market position
ahead of 95% of Business Services peers
Capital scale is ahead of 95% of Business Services peers; modeled value is above 93% 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 Undated: $50.0M across 1 filings.
  • Largest single filing was $50.0M on .
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 Business Services

NorthSummit Drilling Program - 2014 LP is one of 2439 Business Services companies tracked from HOUSTON. By capital raised it ranks among the largest (ahead of 95% of sector peers), and among the largest 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
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$125M$250M$375M$500MSeries C · Raised $50M (real) Modeled valuation $265M (est)$50M$265MSeries C

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 C$50.0M

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 20%.

Modeled valuation trajectory
$265.2M
Base estimate est.
$197.2M
Conservative case
$306.0M
Upside case
$333.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series C — a $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the business services sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
80%
Survival probability
59% low · 92% high
1.28×/yr
Annual markup
1.47×/yr upside case
0.0 yr
Elapsed time used
0.0 yr actual, capped for stale marks
business services
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
—
Avg between rounds
—
Capital velocity
56.7 yr
On record since
1970
First round
1
Rounds on file
How it compares to the market

Benchmarked against 2439 companies in Business 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)▲ 34× above median
This company$50.0M
Sector median$1.5M
Latest round — vs other Series C rounds in sector (real $, this stage)▲ 1.0× above median
This company$50.0M
Sector median$50.0M
Modeled value — vs sector median (estimate, all stages)▲ 18× above median
This company$265.2M
Sector median$15.0M

Raised more than 95% of sector peers (real $). Modeled value above 93% of peers (estimate).

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 C$50.0M—$333.3M$265.2M90%
Intelligence
—
Modeled next raise
$80.0M
Modeled next size est.range $52.0M–$128.0M
—
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
Thomas L. Easley———
Registry & provenance

NorthSummit Drilling Program - 2014 LP 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
1645167
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
Alacriti Payments Inc.Business ServicesSeries C$50.0M$299.0Msame sector · same stage
Anabaptist Savings & Loans InternationalBusiness ServicesSeries C$48.9M$137.9Msame sector · same stage
Sainvus Topco LlcBusiness ServicesSeries C$56.5M$363.1Msame sector · same stage
Sainvus LlcBusiness ServicesSeries C$67.5M$433.7Msame sector · same stage
World Trade Center Media Cologne AGBusiness ServicesSeries C$70.0M$371.3Msame sector · same stage
Predictive Index Holdings, LLCBusiness ServicesSeries C$71.0M$137.2Msame sector · same stage
RunBuggy OMI, Inc.Business ServicesSeries C$74.0M$257.9Msame sector · same stage
Project Healthy Living, Inc.Business ServicesSeries C$88.9M$90.2Msame sector · same stage
Frequently asked
How much funding has NorthSummit Drilling Program - 2014 LP raised?
NorthSummit Drilling Program - 2014 LP has raised approximately $50.0M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is NorthSummit Drilling Program - 2014 LP's estimated valuation?
Provath's modeled valuation for NorthSummit Drilling Program - 2014 LP is approximately $265.2M (modeled range $197.2M–$306.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is NorthSummit Drilling Program - 2014 LP at?
NorthSummit Drilling Program - 2014 LP's latest modeled financing stage is Series C.
What does NorthSummit Drilling Program - 2014 LP do and where is it based?
NorthSummit Drilling Program - 2014 LP operates in the Business Services sector, based in HOUSTON.
Explore related

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