Companies · Lodging and Conventions

Spring Waco, LP

WESTLAKE · Lodging and Conventions

Diligence memoA one-page analyst read on Spring Waco, LP — recommendation, valuation, rhythm, risks.
$775K
Total raised · real
2
Rounds
0.3×
Latest step-up
Top 85%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Fri Aug 07 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Spring Waco, 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. Valuation uses the lodging 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 0.49× the median modeled value of Pre-Seed Lodging and Conventions companies in 2019–2021 (23 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.9 yr ago; this sector typically re-raises about every 12 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

Spring Waco, 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
13.1 yr record
Peak capital year was 2013 with $600K across 1 filings.
Market position
ahead of 16% of Lodging and Conventions peers
Capital scale is ahead of 16% of Lodging and Conventions peers; modeled value is above 6% 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 2013: $600K across 1 filings.
  • Largest single filing was $600K on 2013-05-10.
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 Lodging and Conventions

Spring Waco, LP is one of 514 Lodging and Conventions companies tracked from WESTLAKE. By capital raised it ranks in the long tail (ahead of 16% 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
7
Investors (latest)
2020-08-07
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$1.3M$2.5M$3.8M$5.0MPre-Seed · 2013-05-10 Raised $600K (real) Modeled valuation $4.3M (est)$600K$4.3MPre-Seed2013Pre-Seed · 2020-08-07 Raised $175K (real) Modeled valuation $1.2M (est)$175K$1.2MPre-Seed2020+$175KCumulative $775K

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$600K · 2013
Pre-Seed extension$175K · 2020

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

Modeled valuation trajectory
$1.2M
Base estimate est.
$103K
Conservative case
$13.4M
Upside case
$972K
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 lodging sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $4.3M · 2013-05-102013Pre-Seed · modeled $1.2M · 2020-08-072020
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
26%
Survival probability
11% low · 48% high
1.30×/yr
Annual markup
1.76×/yr upside case
5.9 yr
Elapsed time used
5.9 yr actual, capped for stale marks
lodging
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
87 mo
Avg between rounds
$107K/yr
Capital velocity
13.1 yr
On record since
2013
First round
2
Rounds on file
How it compares to the market

Benchmarked against 514 companies in Lodging and Conventions. 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) 0.3× of median
This company$775K
Sector median$2.5M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.3× of median
This company$175K
Sector median$500K
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$1.2M
Sector median$10.8M

Raised more than 16% of sector peers (real $). Modeled value above 6% 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 #20 of 23.

This companyCohort peer
$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)MxLuxe A1 LLC · Pre-Seed Raised $1.0M · modeled $6.6M (est)Hg-Hw2 Okc, Lp · Pre-Seed Raised $916K · modeled $6.2M (est)Gorge Capital Llc · Pre-Seed Raised $850K · modeled $6.1M (est)Hotel Carbon HQ, Inc. · Pre-Seed Raised $771K · modeled $5.5M (est)Crash Pad, Inc. · Pre-Seed Raised $904K · modeled $4.9M (est)Hanford Hospitality Investors, L.P. · Pre-Seed Raised $1.0M · modeled $4.9M (est)CLT South Lodging LLC · Pre-Seed Raised $950K · modeled $4.6M (est)Madison East DBL Lodging Investors, LLC · Pre-Seed Raised $700K · modeled $4.2M (est)Midtown Center Properties, LLC · Pre-Seed Raised $510K · modeled $3.6M (est)Quirk Charlottesville, LLC · Pre-Seed Raised $500K · modeled $3.6M (est)Clydesdale Outpost, LLC · Pre-Seed Raised $600K · modeled $3.3M (est)BSM Holdings Group, LLC · Pre-Seed Raised $350K · modeled $2.5M (est)Spring Waco, LP (this company) Raised $775K · modeled $1.2M (est)Spring Waco, LP
CompanyStageRaised · realValue · estvs peer med.
MxLuxe A1 LLCPre-Seed$1.0M$6.6M2.64×
Hg-Hw2 Okc, LpPre-Seed$916K$6.2M2.46×
Gorge Capital LlcPre-Seed$850K$6.1M2.43×
Hotel Carbon HQ, Inc.Pre-Seed$771K$5.5M2.20×
Crash Pad, Inc.Pre-Seed$904K$4.9M1.98×
Hanford Hospitality Investors, L.P.Pre-Seed$1.0M$4.9M1.97×
CLT South Lodging LLCPre-Seed$950K$4.6M1.84×
Madison East DBL Lodging Investors, LLCPre-Seed$700K$4.2M1.68×
Midtown Center Properties, LLCPre-Seed$510K$3.6M1.46×
Quirk Charlottesville, LLCPre-Seed$500K$3.6M1.43×
Clydesdale Outpost, LLCPre-Seed$600K$3.3M1.32×
BSM Holdings Group, LLCPre-Seed$350K$2.5M1.00×
Spring Waco, LP this companyPre-Seed$775K$1.2M0.49×
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$600K2013-05-10$3.3M$4.3M85%
Pre-Seed$175K2020-08-07$972K$1.2M90%
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$600K2013-05-10
    • First recorded raise — entered as Pre-Seed.
    • 5 investors on this round.
  2. Pre-Seed$175K2020-08-07
    • Raised again after 87 mo — slower than the ~12 mo sector norm.
    • Round 3.4× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 7 investors on this round.
Intelligence
2027 ~Q4
Modeled next raise · ~87mo cadence
$175K
Modeled next size est.range $175K$280K
0.3×
Last step-up
$107K/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
JAMES GERISH3 other2020-08
ARTHUR BOROWSKI2 other2020-08
FATEMA SHIKARY2 other2020-08
James R. Gerish2 other2013-05
JEFFREY GERISH2 other2020-08
Dr. Abbas K. Shikary, M.D.2013-05
Registry & provenance

Spring Waco, 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
1577205
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
Spartans Rock, LLCLodging and ConventionsSeed$3.0M$1.2Mnetwork5 shared operators · same sector
Fort Worth Midtown Lodging Partners FOS, LLCLodging and ConventionsPre-Seed$775K$5.5Msame sector · same stage
Hotel Carbon HQ, Inc.Lodging and ConventionsPre-Seed$771K$5.5Msame sector · same stage
Loretto Preferred Investment, LLCLodging and ConventionsPre-Seed$760K$5.4Msame sector · same stage
Consero Group LlcLodging and ConventionsPre-Seed$800K$5.7Msame sector · same stage
Wedmore Place LLCLodging and ConventionsPre-Seed$800K$1.2Msame sector · same stage
Rutherfoord Hospitality, LLCLodging and ConventionsPre-Seed$750K$5.4Msame sector · same stage
Steele Hotel Group, LLCLodging and ConventionsPre-Seed$720K$5.1Msame 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
Springwood Hospitality 9 LPLodging and ConventionsSeries A$60.6M83%
Springwood Hospitality 10 LPLodging and ConventionsSeries A$59.2M82%
Loge CoLodging and ConventionsSeries A$69.7M78%
MVCO Hotel, LLCLodging and ConventionsSeed$6.6M78%
Wausau Hotel Group LlcLodging and ConventionsSeed$14.2M77%
Dunes, LLC/COLodging and ConventionsPre-Seed$664K77%
Kimberly Creek Ltd.Lodging and ConventionsPre-Seed$1.9M77%
Stratford Texas Hotel, LLCLodging and ConventionsSeries A$26.2M77%
Frequently asked
How much funding has Spring Waco, LP raised?
Spring Waco, LP has raised approximately $775K in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Spring Waco, LP's estimated valuation?
Provath's modeled valuation for Spring Waco, LP is approximately $1.2M (modeled range $103K–$13.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Spring Waco, LP at?
Spring Waco, LP's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Fri Aug 07.
What does Spring Waco, LP do and where is it based?
Spring Waco, LP operates in the Lodging and Conventions sector, based in WESTLAKE.
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