Companies · Other Technology

True North, LLC

CONCORD · Other Technology

Diligence memoA one-page analyst read on True North, LLC — recommendation, valuation, rhythm, risks.
$430K
Total raised · real
1
Rounds
Latest step-up
Top 85%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Fri Aug 13 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

True North, LLC looks fair 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.

Fair
  • Modeled value is 0.91× the median modeled value of Pre-Seed Other Technology companies in 2019–2021 (1021 peers) — value vs value, same stage and era.
  • Within the normal band (91% of peer median) for its niche.
Dormant
  • Last raise 4.9 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

True North, 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
4.9 yr record
Peak capital year was 2021 with $430K across 1 filings.
Market position
ahead of 16% of Other Technology peers
Capital scale is ahead of 16% of Other Technology peers; modeled value is above 23% 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 2021: $430K across 1 filings.
  • Largest single filing was $430K on 2021-08-13.
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.
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 Technology

True North, LLC is one of 21302 Other Technology companies tracked from CONCORD. 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
5
Investors (latest)
2021
Year incorporated
2021-08-13
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$2.5M$5.0M$7.5M$10MPre-Seed · 2021-08-13 Raised $430K (real) Modeled valuation $9.9M (est)$430K$9.9MPre-Seed2021

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$430K · 2021

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

Modeled valuation trajectory
$9.9M
Base estimate est.
$281K
Conservative case
$80.3M
Upside case
$2.4M
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 technology sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
29%
Survival probability
12% low · 54% high
1.72×/yr
Annual markup
2.33×/yr upside case
4.9 yr
Elapsed time used
4.9 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
4.9 yr
On record since
2021
First round
1
Rounds on file
How it compares to the market

Benchmarked against 21302 companies in Other Technology. 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) 0.1× of median
This company$430K
Sector median$3.2M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 1.1× above median
This company$430K
Sector median$375K
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$9.9M
Sector median$37.3M

Raised more than 16% of sector peers (real $). Modeled value above 23% 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 #561 of 1,021.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$100K$1.0M$10.0M$100.0MCapital raised (log)Rabbit Inc. · Pre-Seed Raised $11.2M · modeled $222.2M (est)Pegasystems Inc · Pre-Seed Raised $1.0M · modeled $42.4M (est)Vitally, Inc. · Pre-Seed Raised $1.0M · modeled $42.4M (est)Zurra, Inc. · Pre-Seed Raised $1.0M · modeled $42.4M (est)HR Soft Inc. · Pre-Seed Raised $1.0M · modeled $42.4M (est)My-Nyoobe, Inc · Pre-Seed Raised $1.8M · modeled $42.4M (est)Instaprotek, Llc · Pre-Seed Raised $1.0M · modeled $42.4M (est)CloviTek Inc · Pre-Seed Raised $1.0M · modeled $42.4M (est)WWF Holdings, Inc. · Pre-Seed Raised $2.1M · modeled $42.4M (est)Modento Inc. · Pre-Seed Raised $1.0M · modeled $42.4M (est)Churchly Inc. · Pre-Seed Raised $1.0M · modeled $42.4M (est)Emini Futures Day Trader LLC · Pre-Seed Raised $1.0M · modeled $42.4M (est)True North, LLC (this company) Raised $430K · modeled $9.9M (est)True North, LLC
CompanyStageRaised · realValue · estvs peer med.
Rabbit Inc.Pre-Seed$11.2M$222.2M20.28×
Pegasystems IncPre-Seed$1.0M$42.4M3.87×
Vitally, Inc.Pre-Seed$1.0M$42.4M3.87×
Zurra, Inc.Pre-Seed$1.0M$42.4M3.87×
HR Soft Inc.Pre-Seed$1.0M$42.4M3.87×
My-Nyoobe, IncPre-Seed$1.8M$42.4M3.87×
Instaprotek, LlcPre-Seed$1.0M$42.4M3.87×
CloviTek IncPre-Seed$1.0M$42.4M3.87×
WWF Holdings, Inc.Pre-Seed$2.1M$42.4M3.87×
Modento Inc.Pre-Seed$1.0M$42.4M3.87×
Churchly Inc.Pre-Seed$1.0M$42.4M3.87×
Emini Futures Day Trader LLCPre-Seed$1.0M$42.4M3.87×
True North, LLC this companyPre-Seed$430K$9.9M0.91×
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$430K2021-08-13$2.4M$9.9M90%
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$430K2021-08-13
    • First recorded raise — entered as Pre-Seed.
    • 5 investors on this round.
Intelligence
Modeled next raise
$688K
Modeled next size est.range $447K$1.1M
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
Gary Lavoie2021-08
Lara Lavoie2021-08
Registry & provenance

True North, 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
1880340
SEC CIK
2021
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
Beam Dynamics LLCOther TechnologyPre-Seed$435K$10.1Msame sector · same stage
InsightPool, LLCOther TechnologyPre-Seed$425K$10.6Msame sector · same stage
Verinvest CorpOther TechnologyPre-Seed$439K$9.3Msame sector · same stage
Fractal OnCall Solutions LLCOther TechnologyPre-Seed$440K$9.3Msame sector · same stage
Better Mousetrap, LLCOther TechnologyPre-Seed$420K$10.2Msame sector · same stage
Sweft LLCOther TechnologyPre-Seed$420K$9.4Msame sector · same stage
Formotus IncOther TechnologyPre-Seed$413K$9.6Msame sector · same stage
WaveTech Engines, Inc.Other TechnologyPre-Seed$449K$9.9Msame 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
Deep North, Inc.Other TechnologySeries B$113.0M87%
TrueRelief, LLCOther TechnologyPre-Seed$401K86%
Bnsn LlcOther TechnologyPre-Seed$1.2M85%
NorthPage Inc.Other TechnologySeries A$41.6M85%
Lien Nation, LLCOther TechnologySeed$38.9M85%
Truentity CorpOther TechnologySeries A$15.7M85%
Truelytics, Inc.Other TechnologySeed$102.2M85%
Northcenter Ventures LLCOther TechnologyPre-Seed$1.5M84%
Frequently asked
How much funding has True North, LLC raised?
True North, LLC has raised approximately $430K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is True North, LLC's estimated valuation?
Provath's modeled valuation for True North, LLC is approximately $9.9M (modeled range $281K–$80.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is True North, LLC at?
True North, LLC's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Fri Aug 13.
What does True North, LLC do and where is it based?
True North, LLC operates in the Other Technology sector, based in CONCORD.
Explore related

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

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