Companies · Construction

Pence/Kelly Construction, LLC

LAKE OSWEGO · Construction

Diligence memoA one-page analyst read on Pence/Kelly Construction, LLC — recommendation, valuation, rhythm, risks.
$521K
Total raised · real
2
Rounds
2.3×
Latest step-up
Top 48%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Fri Apr 18 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Pence/Kelly Construction, LLC 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 construction 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 0.67× the median modeled value of Pre-Seed Construction companies in 2025–2027 (20 peers) — value vs value, same stage and era.
Active
  • Last raise 14 mo ago; this sector typically re-raises about every 12 months.
  • Raising on or ahead of the sector's normal rhythm.

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

Issuer-vehicle patternmedium confidence

Pence/Kelly Construction, 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
4.1 yr record
Peak capital year was 2025 with $363K across 1 filings.
Market position
ahead of 53% of Construction peers
Capital scale is ahead of 53% of Construction peers; modeled value is above 44% 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 2025: $363K across 1 filings.
  • Largest single filing was $363K on 2025-04-18.
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.
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

Pence/Kelly Construction, LLC is one of 1338 Construction companies tracked from LAKE OSWEGO. By capital raised it ranks mid-pack (ahead of 53% of sector peers), and mid-pack 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 504
Reg D exemption
3
Investors (latest)
2025-04-18
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$250K$500K$750K$1.0MPre-Seed · 2022-05-17 Raised $158K (real) Modeled valuation $865K (est)$158K$865KPre-Seed2022Pre-Seed · 2025-04-18 Raised $363K (real) Modeled valuation $855K (est)$363K$855KPre-Seed2025+$363KCumulative $521K

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
Pre-Seed$158K · 2022
Pre-Seed extension$363K · 2025

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$855K
Base estimate est.
$242K
Conservative case
$2.3M
Upside case
$2.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the construction sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $865K · 2022-05-172022Pre-Seed · modeled $855K · 2025-04-182025
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
30%
Survival probability
12% low · 55% high
1.33×/yr
Annual markup
1.81×/yr upside case
1.2 yr
Elapsed time used
1.2 yr actual, capped for stale marks
construction
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
35 mo
Avg between rounds
$178K/yr
Capital velocity
4.1 yr
On record since
2022
First round
2
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) 0.2× of median
This company$521K
Sector median$2.4M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.7× of median
This company$363K
Sector median$495K
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$855K
Sector median$9.9M

Raised more than 53% of sector peers (real $). Modeled value above 44% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) 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 #14 of 20.

This companyCohort peer
$100K$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)Restoration Builders Holdings, Inc. · Pre-Seed Raised $942K · modeled $2.2M (est)Jay Suraj Investors Llc · Pre-Seed Raised $800K · modeled $2.0M (est)Harvest & Homes Tennessee II LLC · Pre-Seed Raised $700K · modeled $1.8M (est)Quantum Real Estate Co LLC · Pre-Seed Raised $775K · modeled $1.6M (est)Safe & Sound Holding Llc · Pre-Seed Raised $725K · modeled $1.6M (est)Harvest & Homes Tennessee III LLC · Pre-Seed Raised $650K · modeled $1.6M (est)159 Llc · Pre-Seed Raised $600K · modeled $1.5M (est)TPG Infill Seven LLC · Pre-Seed Raised $1.4M · modeled $1.5M (est)HSR Paradise 6-10 Excavation LLC · Pre-Seed Raised $600K · modeled $1.4M (est)Wrbs 2025A Llc · Pre-Seed Raised $750K · modeled $1.4M (est)Cassette, Inc. · Pre-Seed Raised $1.3M · modeled $1.2M (est)WYSCO Holdings LLC · Pre-Seed Raised $500K · modeled $1.0M (est)Pence/Kelly Construction, LLC (this company) Raised $521K · modeled $855K (est)Pence/Kelly Construction, LLC
CompanyStageRaised · realValue · estvs peer med.
Restoration Builders Holdings, Inc.Pre-Seed$942K$2.2M1.75×
Jay Suraj Investors LlcPre-Seed$800K$2.0M1.57×
Harvest & Homes Tennessee II LLCPre-Seed$700K$1.8M1.38×
Quantum Real Estate Co LLCPre-Seed$775K$1.6M1.26×
Safe & Sound Holding LlcPre-Seed$725K$1.6M1.26×
Harvest & Homes Tennessee III LLCPre-Seed$650K$1.6M1.22×
159 LlcPre-Seed$600K$1.5M1.19×
TPG Infill Seven LLCPre-Seed$1.4M$1.5M1.19×
HSR Paradise 6-10 Excavation LLCPre-Seed$600K$1.4M1.07×
Wrbs 2025A LlcPre-Seed$750K$1.4M1.06×
Cassette, Inc.Pre-Seed$1.3M$1.2M0.94×
WYSCO Holdings LLCPre-Seed$500K$1.0M0.78×
Pence/Kelly Construction, LLC this companyPre-Seed$521K$855K0.67×
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.
Pre-Seed$158K2022-05-17$880K$865K90%
Pre-Seed$363K2025-04-18$2.0M$855K90%
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. Pre-Seed$158K2022-05-17
    • First recorded raise — entered as Pre-Seed.
    • 4 investors on this round.
  2. Pre-Seed$363K2025-04-18
    • Raised again after 35 mo — slower than the ~12 mo sector norm.
    • Round 2.3× larger than the prior — scaling up.
    • 3 investors on this round.
Intelligence
2028 ~Q1
Modeled next raise · ~35mo cadence
$831K
Modeled next size est.range $540K$1.3M
2.3×
Last step-up
$178K/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
David L Hays1 other2022-05
Paul B Schulz1 other2022-05
Nathaniel T Taylor2022-05
Registry & provenance

Pence/Kelly Construction, 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
1931496
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
Pence Contractors, LLCConstructionPre-Seed$620K$497Knetwork2 shared operators · same sector · same stage
Zero Energy Homes, Inc.ConstructionPre-Seed$516K$1.0Msame sector · same stage
Apex Newco Ii LlcConstructionPre-Seed$500K$1.3Msame sector · same stage
FabCab Inc.ConstructionPre-Seed$500K$935Ksame sector · same stage
GruntWorks, Inc.ConstructionPre-Seed$500K$833Ksame sector · same stage
Unwritten Capital - Series 1, LLCConstructionPre-Seed$500K$1.3Msame sector · same stage
WYSCO Holdings LLCConstructionPre-Seed$500K$1.0Msame sector · same stage
Five Mile Prairie (Sherron Associates) LLCConstructionPre-Seed$560K$933Ksame 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
Pence Contractors, LLCConstructionPre-Seed$497K94%
MRC Aurora LLCConstructionSeries A$35.7M78%
A.M.E.N. Inc.ConstructionSeries D+$2.1B77%
Master Key Construction CorpConstructionSeries A$32.2M77%
One Condado LLCConstructionSeed$6.0M77%
Lafayette Acquisition Partners, LLCConstructionSeries A$26.5M76%
SMC PM Holdings, LLCConstructionSeries C$289.6M76%
Electrical Holdings of Texas LLCConstructionSeries A$25.4M76%
Frequently asked
How much funding has Pence/Kelly Construction, LLC raised?
Pence/Kelly Construction, LLC has raised approximately $521K in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Pence/Kelly Construction, LLC's estimated valuation?
Provath's modeled valuation for Pence/Kelly Construction, LLC is approximately $855K (modeled range $242K–$2.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Pence/Kelly Construction, LLC at?
Pence/Kelly Construction, LLC's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Fri Apr 18.
What does Pence/Kelly Construction, LLC do and where is it based?
Pence/Kelly Construction, LLC operates in the Construction sector, based in LAKE OSWEGO.
Explore related

See where Pence/Kelly Construction, 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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