Companies · Other

Shingle Acquisition, LP

MCKINNEY · Other

Diligence memoA one-page analyst read on Shingle Acquisition, LP — recommendation, valuation, rhythm, risks.
$934.1M
Total raised · real
2
Rounds
104.6×
Latest step-up
Top 1%
Sector rank · raised
Growth/Late
Latest stage · inferred · Wed Jun 20 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Shingle Acquisition, LP looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

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 0.59× the median modeled value of Growth/Late Other companies in 2016–2018 (26 peers) — value vs value, same stage and era.
Dormant
  • Last raise 8.0 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal 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

Shingle Acquisition, 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
8.1 yr record
Peak capital year was 2018 with $1.4B across 7 filings.
Market position
ahead of 100% of Other peers
Capital scale is ahead of 100% of Other peers; modeled value is above 99% 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
Lower 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Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.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.
  • Sector is still broad/Other, so operating comparables are weak.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2018: $1.4B across 7 filings.
  • Largest single filing was $617.9M on 2018-05-23.
  • Filing rows sum to $1.4B, while canonical raised total is $934.1M; 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 Other

Shingle Acquisition, LP is one of 25008 Other companies tracked from MCKINNEY. By capital raised it ranks among the largest (ahead of 100% 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
Rule 506(b)
Reg D exemption
347
Investors (latest)
2018
Year incorporated
2018-06-20
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$5.0B$10.0B$15.0B$20.0BGrowth/Late · 2018-05-23 Raised $618M (real) Modeled valuation $11.0B (est)Growth/Late2018Series B · 2018-06-20 Raised $19M (real) Modeled valuation $308M (est)Series B2018Series C · 2018-06-20 Raised $47M (real) Modeled valuation $813M (est)Series C2018Growth/Late · 2018-06-20 Raised $316M (real) Modeled valuation $5.6B (est)Growth/Late2018Series D+ · 2018-06-20 Raised $134M (real) Modeled valuation $2.3B (est)Series D+2018Seed · 2018-06-20 Raised $2.8M (real) Modeled valuation $51M (est)Seed2018Series D+ · 2018-06-20 Raised $288M (real) Modeled valuation $5.0B (est)Series D+2018+$19M+$47M+$316M+$134M+$2.8M+$288MCumulative $1.4B

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
Growth/Late$617.9M · 2018
Bridge · Growth/Late-stage$18.5M · 2018smaller follow-on
Bridge · Growth/Late-stage$47.4M · 2018smaller follow-on
Growth/Late extension$316.2M · 2018
Bridge · Growth/Late-stage$134.0M · 2018smaller follow-on
Bridge · Growth/Late-stage$2.8M · 2018smaller follow-on
Bridge · Growth/Late-stage$288.5M · 2018smaller follow-on

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 71%.

Modeled valuation trajectory
$5.6B
Base estimate est.
$2.5B
Conservative case
$10.1B
Upside case
$3.2B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Growth/Latea round over $400M). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Growth/Late · modeled $11.0B · 2018-05-232018Series B · modeled $307.9M · 2018-06-20Series C · modeled $812.8M · 2018-06-20Growth/Late · modeled $5.6B · 2018-06-20Series D+ · modeled $2.3B · 2018-06-20Seed · modeled $51.3M · 2018-06-20Series D+ · modeled $5.0B · 2018-06-202018
Model inputs · modeled:benchmark-stage-stepup-v1
10%
Dilution assumption
Implied ownership sold in the financing.
90%
Survival probability
78% low · 97% high
1.12×/yr
Annual markup
1.22×/yr upside case
6.0 yr
Elapsed time used
8.0 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
8.1 yr
On record since
2018
First round
7
Rounds on file
How it compares to the market

Benchmarked against 25008 companies in Other. 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) 457× above median
This company$934.1M
Sector median$2.0M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 0.6× of median
This company$288.5M
Sector median$513.1M
Modeled value — vs sector median (estimate, all stages) 318× above median
This company$5.6B
Sector median$17.7M

Raised more than 100% of sector peers (real $). Modeled value above 99% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Growth/Late) 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 #21 of 26.

This companyCohort peer
$1.0B$10.0B$100.0B$100.0M$1.0B$10.0BCapital raised (log)Papay Topco, Inc. · Growth/Late Raised $1.5B · modeled $26.6B (est)Advanced Disposal Services, Inc. · Growth/Late Raised $1.2B · modeled $20.6B (est)MB Parent Holdco, L.P. · Growth/Late Raised $917.1M · modeled $16.2B (est)Cersei Topco, Llc · Growth/Late Raised $853.5M · modeled $15.2B (est)FARMER & THE COWMAN Ltd LIABILITY Co · Growth/Late Raised $780.0M · modeled $13.9B (est)Owl Finance plc · Growth/Late Raised $726.0M · modeled $12.9B (est)Insight MB Holdings, LLC · Growth/Late Raised $680.1M · modeled $12.1B (est)Triangle Private Investments, LLC · Growth/Late Raised $667.0M · modeled $11.8B (est)Millennial Press LLC · Growth/Late Raised $650.0M · modeled $11.5B (est)Meredith Corp · Growth/Late Raised $650.0M · modeled $11.5B (est)Wrangler Topco, Llc · Growth/Late Raised $569.2M · modeled $10.1B (est)Aceso Topco, Llc · Growth/Late Raised $555.5M · modeled $9.9B (est)Shingle Acquisition, LP (this company) Raised $934.1M · modeled $5.6B (est)Shingle Acquisition, LP
CompanyStageRaised · realValue · estvs peer med.
Papay Topco, Inc.Growth/Late$1.5B$26.6B2.78×
Advanced Disposal Services, Inc.Growth/Late$1.2B$20.6B2.16×
MB Parent Holdco, L.P.Growth/Late$917.1M$16.2B1.69×
Cersei Topco, LlcGrowth/Late$853.5M$15.2B1.59×
FARMER & THE COWMAN Ltd LIABILITY CoGrowth/Late$780.0M$13.9B1.45×
Owl Finance plcGrowth/Late$726.0M$12.9B1.35×
Insight MB Holdings, LLCGrowth/Late$680.1M$12.1B1.26×
Triangle Private Investments, LLCGrowth/Late$667.0M$11.8B1.24×
Millennial Press LLCGrowth/Late$650.0M$11.5B1.21×
Meredith CorpGrowth/Late$650.0M$11.5B1.21×
Wrangler Topco, LlcGrowth/Late$569.2M$10.1B1.06×
Aceso Topco, LlcGrowth/Late$555.5M$9.9B1.03×
Shingle Acquisition, LP this companyGrowth/Late$934.1M$5.6B0.59×
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.
Growth/Late$617.9M2018-05-23$6.2B$11.0B90%
Series B$18.5M2018-06-20$103.0M$307.9M90%
Series C$47.4M2018-06-20$316.0M$812.8M90%
Growth/Late$316.2M2018-06-20$3.2B$5.6B90%
Series D+$134.0M2018-06-20$1.1B$2.3B90%
Seed$2.8M2018-06-20$13.8M$51.3M90%
Series D+$288.5M2018-06-20$2.4B$5.0B90%
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. Growth/Late$617.9M2018-05-23
    • First recorded raise — entered as Growth/Late.
    • 116 investors on this round.
  2. Series B$18.5M2018-06-20
    • Came back fast: 1 mo vs the ~11 mo sector norm.
    • Round 33.3× smaller than the prior — bridge or down round.
    • 43 investors on this round.
  3. Series C$47.4M2018-06-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.6× larger than the prior — scaling up.
    • 107 investors on this round.
  4. Growth/Late$316.2M2018-06-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 6.7× larger than the prior — scaling up.
    • 373 investors on this round.
  5. Series D+$134.0M2018-06-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.4× smaller than the prior — bridge or down round.
    • 240 investors on this round.
  6. Seed$2.8M2018-06-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 48.6× smaller than the prior — bridge or down round.
    • 25 investors on this round.
  7. Series D+$288.5M2018-06-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 104.6× larger than the prior — scaling up.
    • 347 investors on this round.
Intelligence
2018 ~Q2
Modeled next raise · ~0mo cadence
$865.4M
Modeled next size est.range $562.5M$1.4B
104.6×
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
Daniel R. Tinker2 other2018-06
Eric J. Hinkle2 other2018-05
John S. Davis2 other2018-05
Ronald R. Ross2 other2018-05
Daniel Tinker1 other2018-05
Dustin R. Gunderson1 other2018-06
Eric J. Jacobson1 other2018-05
Jeremy J. Hammett1 other2018-06
Jeremy R. Hammett1 other2018-06
R. Scott Vansant1 other2018-05
Ryan R. Nelson1 other2018-06
Registry & provenance

Shingle Acquisition, 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
1740952
SEC CIK
2018
Incorporated
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
Shingle Acquisition Holdings, Inc.OtherSeries C$65.2M$1.1Bnetwork11 shared operators · same sector
SRS Group Holdings, Inc.OtherSeries D+$338.5M$2.4Bnetwork4 shared operators · same sector
HF Private Funds Pool, LLCOtherGrowth/Late$946.5M$9.4Bsame sector · same stage
Mccormick & Co IncOtherGrowth/Late$882.0M$8.7Bsame sector · same stage
Kings & Associates Management LLCOtherGrowth/Late$1.0B$9.0Bsame sector · same stage
United Sacrament Mobile Int. Inc.OtherGrowth/Late$1.0B$9.3Bsame sector · same stage
eShares IncOtherGrowth/Late$1.1B$7.8Bsame sector · same stage
Hamilton Insurance Group, Ltd.OtherGrowth/Late$751.2M$4.4Bsame 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
Shingle Acquisition Holdings, Inc.OtherSeries C$1.1B87%
US CourtScript Acquisition, LPOtherSeries B$47.0M79%
Pavement Preservation Investments, LPOtherSeries D+$1.3B76%
SS Acquisitions, Inc.OtherSeries C$931.3M76%
LBM Acquisition, LLCOtherGrowth/Late$10.3B74%
VP Deliver Holdings, LPOtherSeries C$301.8M74%
District South LP, LLCOtherSeries A$40.6M74%
Csac Acquisition Inc.OtherSeries D+$2.2B74%
Frequently asked
How much funding has Shingle Acquisition, LP raised?
Shingle Acquisition, LP has raised approximately $934.1M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Shingle Acquisition, LP's estimated valuation?
Provath's modeled valuation for Shingle Acquisition, LP is approximately $5.6B (modeled range $2.5B–$10.1B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Shingle Acquisition, LP at?
Shingle Acquisition, LP's latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Wed Jun 20.
What does Shingle Acquisition, LP do and where is it based?
Shingle Acquisition, LP operates in the Other sector, based in MCKINNEY.
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