Companies · Other

API Technologies Corp.

ORLANDO · Other

Diligence memoA one-page analyst read on API Technologies Corp. — recommendation, valuation, rhythm, risks.
$162.6M
Total raised · real
4
Rounds
0.8×
Latest step-up
Top 3%
Sector rank · raised
Series D+
Latest stage · inferred · Thu Mar 22 2012 00:00:00 GMT+0000 (Coordinated Universal Time)

API Technologies Corp. 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.

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 0.17× the median modeled value of Series D+ Other companies in 2010–2012 (92 peers) — value vs value, same stage and era.
Dormant
  • Last raise 14.3 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal cadence.
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

API Technologies Corp. is one of 25008 Other companies tracked from ORLANDO. By capital raised it ranks among the largest (ahead of 98% of sector peers), and among the largest 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$500M$1.0B$1.5B$2.0BSeed · 2010-01-20 Raised $2.9M (real) Modeled valuation $54M (est)$2.9M$54MSeed2010Series D+ · 2011-03-18 Raised $103M (real) Modeled valuation $1.8B (est)$103M$1.8BSeries D+2011Series D+ · 2011-06-27 Raised $31M (real) Modeled valuation $538M (est)$31M$538MSeries D+2011Series D+ · 2012-03-22 Raised $26M (real) Modeled valuation $449M (est)$26M$449MSeries D+2012+$103M+$31M+$26MCumulative $163M

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$2.9M · 2010
Series D+$102.6M · 2011no Series A / Series B / Series C on file
Series D+ extension$31.1M · 2011
Series D+ extension$26.0M · 2012

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Series A, Series B, Series C — 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
$448.7M
Base estimate est.
$147.3M
Conservative case
$983.1M
Upside case
$216.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Seed · modeled $53.9M · 2010-01-202010Series D+ · modeled $1.8B · 2011-03-18Series D+ · modeled $537.5M · 2011-06-27Series D+ · modeled $448.7M · 2012-03-222012
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
85%
Survival probability
68% low · 94% high
1.16×/yr
Annual markup
1.30×/yr upside case
6.0 yr
Elapsed time used
14.3 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
9 mo
Avg between rounds
$75.0M/yr
Capital velocity
16.4 yr
On record since
2010
First round
4
Rounds on file
How it compares to the market

Benchmarked against 25008 companies in Other. 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) 80× above median
This company$162.6M
Sector median$2.0M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.2× of median
This company$26.0M
Sector median$125.1M
Modeled value — vs sector median (estimate, all stages) 25× above median
This company$448.7M
Sector median$17.7M

Raised more than 98% of sector peers (real $). Modeled value above 94% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) 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 #87 of 92.

This companyCohort peer
$100.0M$1.0B$10.0B$100.0M$1.0BCapital raised (log)Wizard Parent LLC · Series D+ Raised $378.0M · modeled $6.5B (est)VMP Holding Co II, LLC · Series D+ Raised $369.4M · modeled $6.4B (est)Camp Global Holdings, Llc · Series D+ Raised $361.7M · modeled $6.2B (est)Maple Leaf Foods Inc · Series D+ Raised $352.5M · modeled $6.1B (est)IronCo. LLC · Series D+ Raised $343.2M · modeled $5.9B (est)Twin Metals Minnesota LLC · Series D+ Raised $325.0M · modeled $5.6B (est)S-I IPVF Holdings, LLC · Series D+ Raised $311.3M · modeled $5.4B (est)Lion/Big Catch Cayman L.P. · Series D+ Raised $332.8M · modeled $5.3B (est)FriendFinder Networks Inc. · Series D+ Raised $551.2M · modeled $5.3B (est)Aggregates USA Holdings, LLC · Series D+ Raised $302.0M · modeled $5.2B (est)Manabi S.A. · Series D+ Raised $300.0M · modeled $5.2B (est)Firefox Acquisition Corp. · Series D+ Raised $293.3M · modeled $5.1B (est)API Technologies Corp. (this company) Raised $162.6M · modeled $448.7M (est)API Technologies Corp.
CompanyStageRaised · realValue · estvs peer med.
Wizard Parent LLCSeries D+$378.0M$6.5B2.52×
VMP Holding Co II, LLCSeries D+$369.4M$6.4B2.46×
Camp Global Holdings, LlcSeries D+$361.7M$6.2B2.41×
Maple Leaf Foods IncSeries D+$352.5M$6.1B2.35×
IronCo. LLCSeries D+$343.2M$5.9B2.29×
Twin Metals Minnesota LLCSeries D+$325.0M$5.6B2.17×
S-I IPVF Holdings, LLCSeries D+$311.3M$5.4B2.08×
Lion/Big Catch Cayman L.P.Series D+$332.8M$5.3B2.04×
FriendFinder Networks Inc.Series D+$551.2M$5.3B2.03×
Aggregates USA Holdings, LLCSeries D+$302.0M$5.2B2.01×
Manabi S.A.Series D+$300.0M$5.2B2.00×
Firefox Acquisition Corp.Series D+$293.3M$5.1B1.96×
API Technologies Corp. this companySeries D+$162.6M$448.7M0.17×
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$2.9M2010-01-20$14.5M$53.9M90%
Series D+$102.6M2011-03-18$854.8M$1.8B90%
Series D+$31.1M2011-06-27$259.6M$537.5M90%
Series D+$26.0M2012-03-22$216.7M$448.7M90%
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. Seed$2.9M2010-01-20
    • First recorded raise — entered as Seed.
  2. Series D+$102.6M2011-03-18
    • Raised 14 mo later, in step with the ~11 mo sector norm.
    • Round 35.4× larger than the prior — scaling up.
  3. Series D+$31.1M2011-06-27
    • Came back fast: 3 mo vs the ~11 mo sector norm.
    • Round 3.3× smaller than the prior — bridge or down round.
  4. Series D+$26.0M2012-03-22
    • Raised 9 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
Intelligence
2012 ~Q4
Modeled next raise · ~9mo cadence
$26.0M
Modeled next size est.range $26.0M$41.6M
0.8×
Last step-up
$75.0M/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
Donald Wright7 other2010-01
Donald A Wright3 other2011-03
Melvin L. Keating2 other2011-03
Arthur Cape1 other2010-01
Bernard Kraft1 other2010-01
Jason DeZwirek1 other2010-01
Phillip DeZwirek1 other2010-01
Stephen Pudles1 other2010-01
BEL R. LAZAR2011-03
BRIAN R. KAHN2011-03
Claudio Mannarino2010-01
ERIC W. GOLDBERG2011-03
Jonathan Pollack2010-01
KENNETH J. KRIEG2011-03
KENTON W. FISKE2011-03
LAURENCE R. ANDREW2011-03
MATTHEW E. AVRIL2011-03
PHIL R. REHKEMPER2012-03
Registry & provenance

API Technologies Corp. 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
1081078
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
Ceco Environmental CorpManufacturingPre-Seed$800K$12.2Mnetwork4 shared operators
WildBrain Ltd.OtherSeries B$36.5M$307.2Mnetwork2 shared operators · same sector
Snacks Parent CorpOtherSeries D+$173.5M$431.4Msame sector · same stage
Hermeus CorpOtherSeries D+$178.8M$382.3Msame sector · same stage
Zip Co LtdOtherSeries D+$143.8M$453.6Msame sector · same stage
Sterling ADG Investments, LLCOtherSeries D+$185.9M$451.3Msame sector · same stage
Plh Group, Inc.OtherSeries D+$196.5M$384.5Msame sector · same stage
Keras Holdings, LLCOtherSeries D+$213.8M$411.7Msame sector · same stage
Frequently asked
How much funding has API Technologies Corp. raised?
API Technologies Corp. has raised approximately $162.6M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is API Technologies Corp.'s estimated valuation?
Provath's modeled valuation for API Technologies Corp. is approximately $448.7M (modeled range $147.3M–$983.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is API Technologies Corp. at?
API Technologies Corp.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Thu Mar 22.
What does API Technologies Corp. do and where is it based?
API Technologies Corp. operates in the Other sector, based in ORLANDO.
Explore related

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

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