Companies · Agriculture

Thoroughbred Futures Racing I LLC

NEW YORK · Agriculture

Diligence memoA one-page analyst read on Thoroughbred Futures Racing I LLC — recommendation, valuation, rhythm, risks.→
$1.1M
Total raised · real
1
Rounds
—
Latest step-up
Top 64%
Sector rank · raised
Seed
Latest stage · inferred · Mon Feb 09 2009 00:00:00 GMT+0000 (Coordinated Universal Time)

Thoroughbred Futures Racing I 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 agriculture 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 0.50× the median modeled value of Seed Agriculture companies in 2007–2009 (7 peers) — value vs value, same stage and era.
Dormant
  • Last raise 17.4 yr ago; this sector typically re-raises about every 11 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

Thoroughbred Futures Racing I 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
17.6 yr record
Peak capital year was 2009 with $1.1M across 1 filings.
Market position
ahead of 37% of Agriculture peers
Capital scale is ahead of 37% of Agriculture peers; modeled value is above 51% 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 2009: $1.1M across 1 filings.
  • Largest single filing was $1.1M on 2009-02-09.
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 Agriculture

Thoroughbred Futures Racing I LLC is one of 1056 Agriculture companies tracked from NEW YORK. By capital raised it ranks in the long tail (ahead of 37% 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
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$5.0M$10M$15M$20MSeed · 2009-02-09 Raised $1.1M (real) Modeled valuation $12M (est)$1.1M$12MSeed2009

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$1.1M · 2009

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
$12.0M
Base estimate est.
$958K
Conservative case
$94.1M
Upside case
$5.6M
Modeled post-money

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

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 59% high
1.33×/yr
Annual markup
1.75×/yr upside case
6.0 yr
Elapsed time used
17.4 yr actual, capped for stale marks
agriculture
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
—
Avg between rounds
—
Capital velocity
17.6 yr
On record since
2009
First round
1
Rounds on file
How it compares to the market

Benchmarked against 1056 companies in Agriculture. 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)▼ 0.5× of median
This company$1.1M
Sector median$2.2M
Latest round — vs other Seed rounds in sector (real $, this stage)▼ 0.7× of median
This company$1.1M
Sector median$1.7M
Modeled value — vs sector median (estimate, all stages)▲ 1.0× above median
This company$12.0M
Sector median$11.9M

Raised more than 37% of sector peers (real $). Modeled value above 51% 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 #6 of 7.

This companyCohort peer
$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Absorbent Technologies Inc · Seed Raised $3.1M · modeled $33.2M (est)Tiller Cohen Farm, Lp · Seed Raised $3.0M · modeled $31.6M (est)Van Buren Farms, LLC · Seed Raised $2.5M · modeled $26.8M (est)Bol, Llc · Seed Raised $2.3M · modeled $24.1M (est)S2P, Llc · Seed Raised $2.1M · modeled $22.6M (est)Independence Bio-Products, Inc. · Seed Raised $1.0M · modeled $11.0M (est)Thoroughbred Futures Racing I LLC (this company) Raised $1.1M · modeled $12.0M (est)Thoroughbred Futures Racing I LLC
CompanyStageRaised · realValue · estvs peer med.
Absorbent Technologies IncSeed$3.1M$33.2M1.38×
Tiller Cohen Farm, LpSeed$3.0M$31.6M1.31×
Van Buren Farms, LLCSeed$2.5M$26.8M1.11×
Bol, LlcSeed$2.3M$24.1M1.00×
S2P, LlcSeed$2.1M$22.6M0.94×
Thoroughbred Futures Racing I LLC this companySeed$1.1M$12.0M0.50×
Independence Bio-Products, Inc.Seed$1.0M$11.0M0.46×
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$1.1M2009-02-09$5.6M$12.0M90%
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$1.1M2009-02-09
    • First recorded raise — entered as Seed.
Intelligence
—
Modeled next raise
$1.8M
Modeled next size est.range $1.2M–$2.9M
—
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
Adam Corndorf——2009-02
Andrew Cary——2009-02
Registry & provenance

Thoroughbred Futures Racing I 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
1455798
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
Virgin Plants, Inc.AgricultureSeed$1.1M$12.0Msame sector · same stage
Agri Capital, LLCAgricultureSeed$1.1M$11.1Msame sector · same stage
Cologuay AG 1, LLCAgricultureSeed$1.1M$11.8Msame sector · same stage
Lonestar Gin, L.P.AgricultureSeed$1.1M$8.1Msame sector · same stage
Southeast Lonestar Growers, LLCAgricultureSeed$1.1M$8.2Msame sector · same stage
Adaptive Symbiotic Technologies, LLCAgricultureSeed$1.1M$11.8Msame sector · same stage
Salinas Land CoAgricultureSeed$1.1M$12.2Msame sector · same stage
Sfvi, LlpAgricultureSeed$1.1M$4.0Msame sector · same stage
Frequently asked
How much funding has Thoroughbred Futures Racing I LLC raised?
Thoroughbred Futures Racing I LLC has raised approximately $1.1M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Thoroughbred Futures Racing I LLC's estimated valuation?
Provath's modeled valuation for Thoroughbred Futures Racing I LLC is approximately $12.0M (modeled range $958K–$94.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Thoroughbred Futures Racing I LLC at?
Thoroughbred Futures Racing I LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Mon Feb 09.
What does Thoroughbred Futures Racing I LLC do and where is it based?
Thoroughbred Futures Racing I LLC operates in the Agriculture sector, based in NEW YORK.
Explore related

See where Thoroughbred Futures Racing I LLC sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at Thoroughbred Futures Racing I LLC, claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.