Companies · Retailing

PawTree, LLC

SOUTHLAKE · Retailing

Diligence memoA one-page analyst read on PawTree, LLC — recommendation, valuation, rhythm, risks.
$27.1M
Total raised · real
9
Rounds
0.2×
Latest step-up
Top 10%
Sector rank · raised
Series A
Latest stage · inferred · Tue Nov 19 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

PawTree, LLC looks under-valued against its niche peers and is quiet on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the retail 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 0.15× the median modeled value of Series A Retailing companies in 2022–2024 (100 peers) — value vs value, same stage and era.
Quiet
  • Last raise 19 mo ago; this sector typically re-raises about every 13 months.
  • Slightly overdue versus sector cadence.

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

Issuer-vehicle patternmedium confidence

PawTree, 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
12.9 yr record
Peak capital year was 2019 with $18.7M across 5 filings.
Market position
ahead of 91% of Retailing peers
Capital scale is ahead of 91% of Retailing peers; modeled value is above 35% 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
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
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 2019: $18.7M across 5 filings.
  • Largest single filing was $8.0M on 2019-08-22.
  • Filing rows sum to $44.7M, while canonical raised total is $27.1M; likely amendments/superseded rows are mixed into the detail view.
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.
  • Canonical filtering should be tightened before using row-level totals for diligence.
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 Retailing

PawTree, LLC is one of 2347 Retailing companies tracked from SOUTHLAKE. By capital raised it ranks among the largest (ahead of 91% of sector peers), and in the long tail 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
Rule 506(b)
Reg D exemption
11
Investors (latest)
2024-11-19
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$13M$25M$38M$50MSeed · 2013-08-06 Raised $3.5M (real) Modeled valuation $22M (est)Seed2013Series A · 2015-09-30 Raised $4.3M (real) Modeled valuation $22M (est)Series A2015Series A · 2017-05-08 Raised $7.0M (real) Modeled valuation $36M (est)Series A2017Series A · 2019-06-10 Raised $700K (real) Modeled valuation $3.6M (est)Series A2019Series A · 2019-08-22 Raised $5.8M (real) Modeled valuation $30M (est)Series A2019Seed · 2019-08-22 Raised $3.8M (real) Modeled valuation $24M (est)Seed2019Series A · 2019-08-22 Raised $350K (real) Modeled valuation $1.8M (est)Series A2019Series A · 2019-08-22 Raised $8.0M (real) Modeled valuation $41M (est)Series A2019Series A · 2021-06-15 Raised $1.0M (real) Modeled valuation $4.5M (est)Series A2021Series A · 2021-11-22 Raised $3.0M (real) Modeled valuation $13M (est)Series A2021Series A · 2023-06-01 Raised $6.3M (real) Modeled valuation $22M (est)Series A2023Series A · 2024-11-19 Raised $1.0M (real) Modeled valuation $2.8M (est)Series A2024Cumulative $45M

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
Seed$3.5M · 2013
Series A$4.3M · 2015
Series A extension$7.0M · 2017
Series A extension$700K · 2019
Series A extension$5.8M · 2019
Bridge · Series A-stage$3.8M · 2019smaller follow-on
Series A extension$350K · 2019
Series A extension$8.0M · 2019
Series A extension$1.0M · 2021
Series A extension$3.0M · 2021
Series A extension$6.3M · 2023
Series A extension$1.0M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$2.8M
Base estimate est.
$1.2M
Conservative case
$5.6M
Upside case
$4.5M
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 retail sector profile. Directional, not a quoted figure.

Seed · modeled $22.1M · 2013-08-062013Series A · modeled $21.9M · 2015-09-30Series A · modeled $36.0M · 2017-05-08Series A · modeled $3.6M · 2019-06-10Series A · modeled $29.9M · 2019-08-22Seed · modeled $24.1M · 2019-08-22Series A · modeled $1.8M · 2019-08-22Series A · modeled $41.1M · 2019-08-22Series A · modeled $4.5M · 2021-06-15Series A · modeled $12.7M · 2021-11-22Series A · modeled $21.6M · 2023-06-01Series A · modeled $2.8M · 2024-11-192024
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
50%
Survival probability
27% low · 68% high
1.15×/yr
Annual markup
1.45×/yr upside case
1.6 yr
Elapsed time used
1.6 yr actual, capped for stale marks
retail
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
12 mo
Avg between rounds
$2.4M/yr
Capital velocity
12.9 yr
On record since
2013
First round
12
Rounds on file
How it compares to the market

Benchmarked against 2347 companies in Retailing. 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) 17× above median
This company$27.1M
Sector median$1.6M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.2× of median
This company$1.0M
Sector median$5.5M
Modeled value — vs sector median (estimate, all stages) 0.5× of median
This company$2.8M
Sector median$5.8M

Raised more than 91% of sector peers (real $). Modeled value above 35% 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 #98 of 100.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Olivela Inc. · Series A Raised $28.8M · modeled $61.0M (est)PSP Investors, LLC · Series A Raised $15.4M · modeled $53.3M (est)Coreleap, Inc. · Series A Raised $16.7M · modeled $51.9M (est)Cariloha, Inc. · Series A Raised $22.5M · modeled $51.2M (est)Elevation Cannabis, LLC · Series A Raised $15.0M · modeled $47.6M (est)Botany Bay Wax Co LLC · Series A Raised $13.3M · modeled $45.8M (est)Full Glass Wine Co., LLC · Series A Raised $14.2M · modeled $44.2M (est)Kafene, Inc. · Series A Raised $42.1M · modeled $43.2M (est)Skinny Butcher LLC · Series A Raised $10.0M · modeled $41.6M (est)G2G Ventures, PBC · Series A Raised $13.4M · modeled $38.5M (est)YCP Car Wash Portfolio LLC · Series A Raised $12.6M · modeled $37.9M (est)Elevation Bridge, LLC · Series A Raised $12.0M · modeled $35.9M (est)PawTree, LLC (this company) Raised $27.1M · modeled $2.8M (est)PawTree, LLC
CompanyStageRaised · realValue · estvs peer med.
Olivela Inc.Series A$28.8M$61.0M3.35×
PSP Investors, LLCSeries A$15.4M$53.3M2.93×
Coreleap, Inc.Series A$16.7M$51.9M2.85×
Cariloha, Inc.Series A$22.5M$51.2M2.81×
Elevation Cannabis, LLCSeries A$15.0M$47.6M2.61×
Botany Bay Wax Co LLCSeries A$13.3M$45.8M2.52×
Full Glass Wine Co., LLCSeries A$14.2M$44.2M2.43×
Kafene, Inc.Series A$42.1M$43.2M2.37×
Skinny Butcher LLCSeries A$10.0M$41.6M2.29×
G2G Ventures, PBCSeries A$13.4M$38.5M2.12×
YCP Car Wash Portfolio LLCSeries A$12.6M$37.9M2.08×
Elevation Bridge, LLCSeries A$12.0M$35.9M1.97×
PawTree, LLC this companySeries A$27.1M$2.8M0.15×
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.
Seed$3.5M2013-08-06$17.5M$22.1M85%
Series A$4.3M2015-09-30$19.4M$21.9M85%
Series A$7.0M2017-05-08$31.8M$36.0M90%
Series A$700K2019-06-10$3.2M$3.6M90%
Series A$5.8M2019-08-22$26.4M$29.9M90%
Seed$3.8M2019-08-22$19.1M$24.1M90%
Series A$350K2019-08-22$1.6M$1.8M90%
Series A$8.0M2019-08-22$36.4M$41.1M90%
Series A$1.0M2021-06-15$4.5M$4.5M90%
Series A$3.0M2021-11-22$13.6M$12.7M90%
Series A$6.3M2023-06-01$28.5M$21.6M90%
Series A$1.0M2024-11-19$4.5M$2.8M90%
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. Seed$3.5M2013-08-06
    • First recorded raise — entered as Seed.
    • 14 investors on this round.
  2. Series A$4.3M2015-09-30
    • Raised again after 26 mo — slower than the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(b) (was Rule 06).
    • 26 investors on this round.
  3. Series A$7.0M2017-05-08
    • Raised 19 mo later, in step with the ~13 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 17 investors on this round.
  4. Series A$700K2019-06-10
    • Raised again after 25 mo — slower than the ~13 mo sector norm.
    • Round 10.0× smaller than the prior — bridge or down round.
    • 19 investors on this round.
  5. Series A$5.8M2019-08-22
    • Came back fast: 2 mo vs the ~13 mo sector norm.
    • Round 8.3× larger than the prior — scaling up.
    • 20 investors on this round.
  6. Seed$3.8M2019-08-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 19 investors on this round.
  7. Series A$350K2019-08-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 10.9× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  8. Series A$8.0M2019-08-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 22.9× larger than the prior — scaling up.
    • 20 investors on this round.
  9. Series A$1.0M2021-06-15
    • Raised again after 22 mo — slower than the ~13 mo sector norm.
    • Round 8.0× smaller than the prior — bridge or down round.
    • 9 investors on this round.
  10. Series A$3.0M2021-11-22
    • Came back fast: 5 mo vs the ~13 mo sector norm.
    • Round 3.0× larger than the prior — scaling up.
    • 9 investors on this round.
  11. Series A$6.3M2023-06-01
    • Raised 18 mo later, in step with the ~13 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
    • 9 investors on this round.
  12. Series A$1.0M2024-11-19
    • Raised 18 mo later, in step with the ~13 mo sector norm.
    • Round 6.3× smaller than the prior — bridge or down round.
    • 11 investors on this round.
Intelligence
2025 ~Q4
Modeled next raise · ~12mo cadence
$1.0M
Modeled next size est.range $1.0M$1.6M
0.2×
Last step-up
$2.4M/yr
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
Mike Lohner3 other2015-09
Greg Warner2 other2017-05
TED ROOT2 other2015-09
Jason Michal1 other2017-05
Roger Morgan1 other2013-08
Colby J. Rollins2019-08
Jared J. Stone2019-08
Matthew J. Ireland2019-08
Michael J. Lancellot Sr.2019-08
Registry & provenance

PawTree, 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
1582764
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
Ruby Ribbon, Inc.RetailingSeries A$20.7M$7.4Mnetwork1 shared operator · same sector · same stage
Independent Pet Partners Holdings, LLCRetailingSeries C$61.8M$359.9Mnetwork1 shared operator · same sector
Wild Alaskan, Inc.RetailingSeries A$17.6M$3.7Msame sector · same stage
KeyView Labs, Inc.RetailingSeries A$12.9M$2.6Msame sector · same stage
Green PolkaDot Box IncRetailingSeries A$11.8M$2.4Msame sector · same stage
Espresso Bookstore & Cafe Holdings LLCRetailingSeries A$10.7M$3.1Msame sector · same stage
Tatyana Designs, Inc.RetailingSeries A$10.5M$2.0Msame sector · same stage
Shinesty, Inc.RetailingSeries A$9.9M$3.1Msame 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
Paws & Pints, LLCRetailingPre-Seed$1.4M87%
Brickyard Brands LlcRetailingPre-Seed$771K86%
Metro Business, Inc.RetailingPre-Seed$3.7M83%
PSU Holdings, LLCRetailingSeries A$7.1M83%
Public Produce, LLCRetailingPre-Seed$541K83%
Seedling Holdings, Inc.RetailingSeries A$3.9M83%
Independent Pet Partners Holdings, LLCRetailingSeries C$359.9M82%
Mashburn, LLCRetailingSeries A$18.1M82%
Frequently asked
How much funding has PawTree, LLC raised?
PawTree, LLC has raised approximately $27.1M in disclosed capital across 9 recorded financing rounds, aggregated from public filings.
What is PawTree, LLC's estimated valuation?
Provath's modeled valuation for PawTree, LLC is approximately $2.8M (modeled range $1.2M–$5.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is PawTree, LLC at?
PawTree, LLC's latest modeled financing stage is Series A. Its most recent recorded round closed around Tue Nov 19.
What does PawTree, LLC do and where is it based?
PawTree, LLC operates in the Retailing sector, based in SOUTHLAKE.
Explore related

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