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Masterworks 172, LLC

Operating

Alternative Assets · New York, NY

Latest valuation
—
No round has disclosed a priced valuation or cap.
Total raised
$1,554,000
Across 1 round since 2022
Latest share price
$20.00
Reg A+ · Equity · Oct 2022 offering price

Financials

FY2021–FY2025 · from SEC filings · hover any figure for its source
$0
2021
−$156K
2022
2023
2024
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2021 audited
FY2022 audited
FY2023 audited
FY2024 audited
FY2025 audited
Income statement
Revenue
$0
—
—
—
—
Cost of goods sold
$0
—
—
—
—
Net income
$0
-$155,930
—
—
—
Balance sheet
Cash
$100
—
$120
$130
$140
Accounts receivable
$0
—
—
—
—
Total assets
$100
—
$1,400,120
$1,400,130
$1,400,140
Long-term debt
$0
—
—
—
—
Total liabilities
$0
—
—
—
—
Other
Headcount
0
—
—
—
—

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Cap table

Share counts as of Dec 31, 2023
Class A ordinary shares · 98.7%Class B shares · 1.27%Class C ordinary shares · 0%
ClassOutstandingVotes / shareShare of totalVotesLiquidationLast price
Class A ordinary shares77,700none98.7%—paid 1st—
Class B shares1,000none1.27%———
Class C ordinary shares1none0%———
Total78,701100%100%

Shares outstanding over timein today's share terms

79K39K0
Oct 2022Dec 2022
Class A ordinary sharesClass B sharesClass C ordinary sharesMembership InterestsRound opened

Principal holders% as the filing states it, Apr 30, 2026

  • MasterworksClass B shares100.0%of Class B shares

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Reg A+ · Equity · Oct 2022Closedvia Arete Wealth Management, LLC
Raised $1.6M / $1.6M

Team

3 people
Nigel S. Glenday
Chief Executive Officer, Chief Financial Officer; Member of the Board of Managers
Joshua Goldstein
General Counsel and Secretary; Member of the Board of Managers

Technologist and entrepreneur with over 15 years of industry experience running ad tech and gaming companies. Adept at developing sophisticated and scalable technologies from scratch and leading teams to execute complex business strategies. Achieved run rates over $25,000,000 with no outside investment dollars. Joshua's full-time role is leading BionicLogic and its subsidiary businesses.

Eli D. Broverman
Member of the Board of Managers; Independent Manager

Names and titles as disclosed on SEC Form 1-A. Bios and photos come from the platform campaign page and may be out of date.

  • Form 1-ZJun 29, 20260001493152-26-030858
    EDGAR
  • Form 1-UMay 29, 20260001493152-26-026067
    EDGAR
  • Form 1-KApr 30, 20260001493152-26-020277
    EDGAR
  • Form 1-UApr 17, 20260001493152-26-017523
    EDGAR
  • Form 1-UJan 12, 20260001493152-26-001604
    EDGAR
  • Form 1-UNov 14, 20250001493152-25-022948
    EDGAR
  • Form 1-SASep 26, 20250001493152-25-015445
    EDGAR
  • Form 1-UJul 14, 20250001641172-25-019317
    EDGAR
Source: SEC EDGARCIK 0001944251DEShare price $20.00Last synced Aug 16, 2026

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.