Companies · Software / Tech

System Pavers MIP LLC

NEW YORK · Software / Tech · refined from filed group “Other

Diligence memoA one-page analyst read on System Pavers MIP LLC — recommendation, valuation, rhythm, risks.
$7.7M
Total raised · real
1
Rounds
1.0×
Latest step-up
Top 38%
Sector rank · raised
Series A
Latest stage · inferred · Thu Sep 08 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

System Pavers MIP LLC looks over-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 technology sector profile.

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

Over-valued
  • Modeled value is 1.74× the median modeled value of Series A Software / Tech companies in 2022–2024 (413 peers) — value vs value, same stage and era.
Dormant
  • Last raise 3.8 yr ago; this sector typically re-raises about every 13 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.

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

Issuer-vehicle patternmedium confidence

System Pavers MIP 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
3.8 yr record
Peak capital year was 2022 with $22.6M across 3 filings.
Market position
ahead of 63% of Software / Tech peers
Capital scale is ahead of 63% of Software / Tech peers; modeled value is above 69% 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Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.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 2022: $22.6M across 3 filings.
  • Largest single filing was $7.7M on 2022-09-08.
  • Filing rows sum to $22.6M, while canonical raised total is $7.7M; 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.
  • 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 Software / Tech

System Pavers MIP LLC is one of 3920 Software / Tech companies tracked from NEW YORK. By capital raised it ranks mid-pack (ahead of 63% 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 506(b)
Reg D exemption
1
Investors (latest)
2022
Year incorporated
2022-09-08
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$25M$50M$75M$100MSeries A · 2022-09-08 Raised $7.6M (real) Modeled valuation $87M (est)$7.6M$87MSeries A2022Series A · 2022-09-08 Raised $7.3M (real) Modeled valuation $84M (est)$7.3M$84MSeries A2022Series A · 2022-09-08 Raised $7.7M (real) Modeled valuation $88M (est)$7.7M$88MSeries A2022+$7.3M+$7.7MCumulative $23M

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 A$7.6M · 2022
Series A extension$7.3M · 2022
Series A extension$7.7M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$87.7M
Base estimate est.
$10.2M
Conservative case
$288.2M
Upside case
$34.8M
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 technology sector profile. Directional, not a quoted figure.

Series A · modeled $86.6M · 2022-09-082022Series A · modeled $84.2M · 2022-09-08Series A · modeled $87.7M · 2022-09-082022
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
54%
Survival probability
29% low · 74% high
1.50×/yr
Annual markup
1.89×/yr upside case
3.8 yr
Elapsed time used
3.8 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
3.8 yr
On record since
2022
First round
3
Rounds on file
How it compares to the market

Benchmarked against 3920 companies in Software / Tech. 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) 1.7× above median
This company$7.7M
Sector median$4.6M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.4× above median
This company$7.7M
Sector median$5.6M
Modeled value — vs sector median (estimate, all stages) 2.4× above median
This company$87.7M
Sector median$36.6M

Raised more than 63% of sector peers (real $). Modeled value above 69% 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 #78 of 413.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Solidblock Holdings LLC Detox Digital Series · Series A Raised $15.0M · modeled $210.5M (est)inFeedo Tech Inc. · Series A Raised $14.3M · modeled $206.1M (est)Red Leader Technologies, Inc. · Series A Raised $13.8M · modeled $202.2M (est)Mocha Technologies Inc. · Series A Raised $13.4M · modeled $200.9M (est)Isometric Technologies Inc. · Series A Raised $15.0M · modeled $193.5M (est)Carbon6 Technologies, Inc. · Series A Raised $15.9M · modeled $188.2M (est)Grin Technology Services, Inc. · Series A Raised $14.7M · modeled $180.9M (est)Nucleated Foam Technologies, Inc. · Series A Raised $12.5M · modeled $174.4M (est)Primer Labs Inc. · Series A Raised $12.9M · modeled $169.6M (est)Triumph Labs, Inc. · Series A Raised $12.1M · modeled $165.2M (est)Thred Technologies, Inc. · Series A Raised $14.9M · modeled $160.3M (est)MetaStreet Labs, Inc. · Series A Raised $26.2M · modeled $157.6M (est)System Pavers MIP LLC (this company) Raised $7.7M · modeled $87.7M (est)System Pavers MIP LLC
CompanyStageRaised · realValue · estvs peer med.
Solidblock Holdings LLC Detox Digital SeriesSeries A$15.0M$210.5M4.16×
inFeedo Tech Inc.Series A$14.3M$206.1M4.08×
Red Leader Technologies, Inc.Series A$13.8M$202.2M4.00×
Mocha Technologies Inc.Series A$13.4M$200.9M3.98×
Isometric Technologies Inc.Series A$15.0M$193.5M3.83×
Carbon6 Technologies, Inc.Series A$15.9M$188.2M3.72×
Grin Technology Services, Inc.Series A$14.7M$180.9M3.58×
Nucleated Foam Technologies, Inc.Series A$12.5M$174.4M3.45×
Primer Labs Inc.Series A$12.9M$169.6M3.36×
Triumph Labs, Inc.Series A$12.1M$165.2M3.27×
Thred Technologies, Inc.Series A$14.9M$160.3M3.17×
MetaStreet Labs, Inc.Series A$26.2M$157.6M3.12×
System Pavers MIP LLC this companySeries A$7.7M$87.7M1.74×
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 A$7.6M2022-09-08$34.4M$86.6M90%
Series A$7.3M2022-09-08$33.4M$84.2M90%
Series A$7.7M2022-09-08$34.8M$87.7M90%
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. Series A$7.6M2022-09-08
    • First recorded raise — entered as Series A.
    • 1 investor on this round.
  2. Series A$7.3M2022-09-08
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  3. Series A$7.7M2022-09-08
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
Intelligence
Modeled next raise
$8.0M
Modeled next size est.range $7.7M$12.8M
1.0×
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
JOHN MORLEY6 other2022-09
Christopher Mahan3 other2022-09
SYED ZAIDI3 other2022-09
Registry & provenance

System Pavers MIP 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
1953009
SEC CIK
2022
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
System Pavers MIP II LLCSoftware / TechSeries A$4.1M$47.0Mnetwork3 shared operators · same sector · same stage
Comm Technologies, Inc.Software / TechSeries A$7.7M$85.0Msame sector · same stage
Gate Labs Inc.Software / TechSeries A$7.6M$84.5Msame sector · same stage
Melange Technologies, Inc.Software / TechSeries A$7.6M$105.6Msame sector · same stage
Collectable Technologies, Inc.Software / TechSeries A$7.6M$106.9Msame sector · same stage
It Tech Packaging, Inc.Software / TechSeries A$7.6M$70.8Msame sector · same stage
Stout Industrial Technology, Inc.Software / TechSeries A$7.5M$78.4Msame sector · same stage
Sonar Labs, Inc.Software / TechSeries A$7.8M$94.9Msame 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
System Pavers MIP II LLCSoftware / TechSeries A$47.0M98%
Flir Systems IncSoftware / TechSeries A$229.7M79%
MikroScan Technologies, Inc.Software / TechSeries A$105.9M78%
MCP, Inc. / DEComputersPre-Seed$6.2M77%
POS Systems, Inc. / NVSoftware / TechSeed$9.1M77%
CV Systems, LLCSoftware / TechSeed$95.8M77%
Moises Systems, Inc.Software / TechSeries B$202.0M76%
Ryver, LLCOther TechnologySeries A$6.7M76%
Frequently asked
How much funding has System Pavers MIP LLC raised?
System Pavers MIP LLC has raised approximately $7.7M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is System Pavers MIP LLC's estimated valuation?
Provath's modeled valuation for System Pavers MIP LLC is approximately $87.7M (modeled range $10.2M–$288.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is System Pavers MIP LLC at?
System Pavers MIP LLC's latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Sep 08.
What does System Pavers MIP LLC do and where is it based?
System Pavers MIP LLC operates in the Software / Tech sector, based in NEW YORK.
Explore related

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