Companies · Other Energy

Tbc Ii Llc

RICHMOND · Other Energy

Diligence memoA one-page analyst read on Tbc Ii Llc — recommendation, valuation, rhythm, risks.
$4.1M
Total raised · real
2
Rounds
0.2×
Latest step-up
Top 48%
Sector rank · raised
Seed
Latest stage · inferred · Mon Dec 17 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Tbc Ii Llc 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 energy 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 0.29× the median modeled value of Seed Other Energy companies in 2016–2018 (88 peers) — value vs value, same stage and era.
Dormant
  • Last raise 7.5 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

Tbc Ii 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
10.2 yr record
Peak capital year was 2016 with $3.5M across 1 filings.
Market position
ahead of 53% of Other Energy peers
Capital scale is ahead of 53% of Other Energy peers; modeled value is above 32% 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 2016: $3.5M across 1 filings.
  • Largest single filing was $3.5M on 2016-04-08.
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 Other Energy

Tbc Ii Llc is one of 2048 Other Energy companies tracked from RICHMOND. By capital raised it ranks mid-pack (ahead of 53% 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
25
Investors (latest)
2015
Year incorporated
2018-12-17
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 · 2016-04-08 Raised $3.5M (real) Modeled valuation $46M (est)$3.5M$46MSeed2016Seed · 2018-12-17 Raised $566K (real) Modeled valuation $7.4M (est)$566K$7.4MSeed2018+$566KCumulative $4.1M

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 · 2016
Seed extension$566K · 2018

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: 50%.

Modeled valuation trajectory
$7.4M
Base estimate est.
$484K
Conservative case
$57.7M
Upside case
$2.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the energy sector profile. Directional, not a quoted figure.

Seed · modeled $45.7M · 2016-04-082016Seed · modeled $7.4M · 2018-12-172018
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 59% high
1.38×/yr
Annual markup
1.80×/yr upside case
6.0 yr
Elapsed time used
7.5 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
32 mo
Avg between rounds
$1.5M/yr
Capital velocity
10.2 yr
On record since
2016
First round
2
Rounds on file
How it compares to the market

Benchmarked against 2048 companies in Other Energy. 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) 1.2× above median
This company$4.1M
Sector median$3.4M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.3× of median
This company$566K
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages) 0.4× of median
This company$7.4M
Sector median$17.0M

Raised more than 53% of sector peers (real $). Modeled value above 32% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (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 #83 of 88.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)RigNet, Inc. · Seed Raised $4.0M · modeled $51.9M (est)Phoenix Services Topco, LLC · Seed Raised $4.0M · modeled $51.9M (est)MT CB VS Long Beach Solar One, LLC · Seed Raised $4.0M · modeled $51.4M (est)Lakeview Biodiesel LLC · Seed Raised $3.9M · modeled $50.6M (est)Carbon Engineering Limited Partnership · Seed Raised $3.8M · modeled $49.5M (est)CleanCapital LLC · Seed Raised $3.9M · modeled $48.7M (est)KOKO Networks Ltd · Seed Raised $3.5M · modeled $45.4M (est)Tbc Iii Llc · Seed Raised $3.3M · modeled $42.4M (est)VS Fairway Terrace LLC · Seed Raised $3.2M · modeled $41.6M (est)Civicsolar, Inc · Seed Raised $3.6M · modeled $41.5M (est)Energy Hunter Resources, Inc. · Seed Raised $3.1M · modeled $40.9M (est)EPC Power Corp. · Seed Raised $4.3M · modeled $38.9M (est)Tbc Ii Llc (this company) Raised $4.1M · modeled $7.4M (est)Tbc Ii Llc
CompanyStageRaised · realValue · estvs peer med.
RigNet, Inc.Seed$4.0M$51.9M2.02×
Phoenix Services Topco, LLCSeed$4.0M$51.9M2.02×
MT CB VS Long Beach Solar One, LLCSeed$4.0M$51.4M2.00×
Lakeview Biodiesel LLCSeed$3.9M$50.6M1.97×
Carbon Engineering Limited PartnershipSeed$3.8M$49.5M1.92×
CleanCapital LLCSeed$3.9M$48.7M1.89×
KOKO Networks LtdSeed$3.5M$45.4M1.77×
Tbc Iii LlcSeed$3.3M$42.4M1.65×
VS Fairway Terrace LLCSeed$3.2M$41.6M1.62×
Civicsolar, IncSeed$3.6M$41.5M1.61×
Energy Hunter Resources, Inc.Seed$3.1M$40.9M1.59×
EPC Power Corp.Seed$4.3M$38.9M1.51×
Tbc Ii Llc this companySeed$4.1M$7.4M0.29×
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$3.5M2016-04-08$17.6M$45.7M85%
Seed$566K2018-12-17$2.8M$7.4M90%
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$3.5M2016-04-08
    • First recorded raise — entered as Seed.
    • 27 investors on this round.
  2. Seed$566K2018-12-17
    • Raised again after 32 mo — slower than the ~12 mo sector norm.
    • Round 6.2× smaller than the prior — bridge or down round.
    • 25 investors on this round.
Intelligence
2021 ~Q3
Modeled next raise · ~32mo cadence
$566K
Modeled next size est.range $566K$906K
0.2×
Last step-up
$1.5M/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
Mark E. Murray2 other2016-04
Thomas I. Willingham2 other2016-04
A. Hugh Ewing, III1 other2016-04
Registry & provenance

Tbc Ii 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
1672736
SEC CIK
2015
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
Tbc I LlcOther EnergyPre-Seed$1.0M$16.1Mnetwork3 shared operators · same sector
Tbc Iii LlcOther EnergySeed$3.3M$42.4Mnetwork1 shared operator · same sector · same stage
NECO Wind, LLCOther EnergySeed$4.0M$9.7Msame sector · same stage
Circon International, LLCOther EnergySeed$4.0M$10.3Msame sector · same stage
CoalTek, Inc.Other EnergySeed$4.0M$9.7Msame sector · same stage
Cana-Bradford Royalties, LLCOther EnergySeed$4.0M$7.6Msame sector · same stage
Reedco Energy, LLCOther EnergySeed$4.0M$7.5Msame sector · same stage
Trinary Solar Group VIII LLCOther EnergySeed$3.9M$9.8Msame 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
Tbc Iii LlcOther EnergySeed$42.4M93%
Gac Ii, LlcOther EnergySeries C$626.0M91%
e2Companies LLCOther EnergySeries C$557.0M87%
e2 Companies LLCOther EnergySeries B$157.9M86%
e2C ESA Assets 2 LLCOther EnergySeed$13.3M86%
TC Energy Group, LLCOther EnergyPre-Seed$2.5M86%
Carolina Renewables II, LLCOther EnergySeries B$197.2M85%
Texas Green Energy, LLCOther EnergySeed$17.1M84%
Frequently asked
How much funding has Tbc Ii Llc raised?
Tbc Ii Llc has raised approximately $4.1M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Tbc Ii Llc's estimated valuation?
Provath's modeled valuation for Tbc Ii Llc is approximately $7.4M (modeled range $484K–$57.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Tbc Ii Llc at?
Tbc Ii Llc's latest modeled financing stage is Seed. Its most recent recorded round closed around Mon Dec 17.
What does Tbc Ii Llc do and where is it based?
Tbc Ii Llc operates in the Other Energy sector, based in RICHMOND.
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