Companies · Manufacturing

CNL Strategic Capital, LLC

ORLANDO · Manufacturing

Diligence memoA one-page analyst read on CNL Strategic Capital, LLC — recommendation, valuation, rhythm, risks.
$300.0M
Total raised · real
3
Rounds
1.0×
Latest step-up
Top 3%
Sector rank · raised
Series D+
Latest stage · inferred · Wed Jul 01 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

CNL Strategic Capital, 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 manufacturing 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 0.34× the median modeled value of Series D+ Manufacturing companies in 2019–2021 (14 peers) — value vs value, same stage and era.
Dormant
  • Last raise 6.0 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

CNL Strategic Capital, 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
9.0 yr record
Peak capital year was 2017 with $200.0M across 1 filings.
Market position
ahead of 98% of Manufacturing peers
Capital scale is ahead of 98% of Manufacturing peers; modeled value is above 96% 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
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
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 2017: $200.0M across 1 filings.
  • Largest single filing was $200.0M on 2017-07-01.
  • Filing rows sum to $350.0M, while canonical raised total is $300.0M; likely amendments/superseded rows are mixed into the detail view.
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.
  • Canonical filtering should be tightened before using row-level totals for diligence.
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 Manufacturing

CNL Strategic Capital, LLC is one of 3257 Manufacturing 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
Rule 506(c)
Reg D exemption
2016
Year incorporated
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$1.3B$2.5B$3.8B$5.0BSeries D+ · 2017-07-01 Raised $200M (real) Modeled valuation $2.3B (est)$200M$2.3BSeries D+2017Series D+ · 2019-07-01 Raised $50M (real) Modeled valuation $569M (est)$50M$569MSeries D+2019Series D+ · 2019-07-01 Raised $50M (real) Modeled valuation $569M (est)$50M$569MSeries D+2019Series D+ · 2020-07-01 Raised $50M (real) Modeled valuation $569M (est)$50M$569MSeries D+2020+$50M+$50M+$50MCumulative $350M

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
Series D+$200.0M · 2017
Series D+ extension$50.0M · 2019
Series D+ extension$50.0M · 2019
Series D+ extension$50.0M · 2020

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, 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: 17%.

Modeled valuation trajectory
$569.4M
Base estimate est.
$289.0M
Conservative case
$1.2B
Upside case
$416.7M
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 scaled by the manufacturing sector profile. Directional, not a quoted figure.

Series D+ · modeled $2.3B · 2017-07-012017Series D+ · modeled $569.4M · 2019-07-01Series D+ · modeled $569.4M · 2019-07-01Series D+ · modeled $569.4M · 2020-07-012020
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
87%
Survival probability
69% low · 96% high
1.08×/yr
Annual markup
1.21×/yr upside case
6.0 yr
Elapsed time used
6.0 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
12 mo
Avg between rounds
$100.0M/yr
Capital velocity
9.0 yr
On record since
2017
First round
4
Rounds on file
How it compares to the market

Benchmarked against 3257 companies in Manufacturing. 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) 148× above median
This company$300.0M
Sector median$2.0M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.5× of median
This company$50.0M
Sector median$108.6M
Modeled value — vs sector median (estimate, all stages) 47× above median
This company$569.4M
Sector median$12.0M

Raised more than 98% of sector peers (real $). Modeled value above 96% 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 #11 of 14.

This companyCohort peer
$100.0M$1.0B$10.0B$100.0M$1.0BCapital raised (log)Nikola Corp · Series D+ Raised $300.0M · modeled $3.2B (est)LSF9 Balta Issuer S.a r.l. · Series D+ Raised $279.0M · modeled $3.0B (est)Motional AD LLC · Series D+ Raised $239.7M · modeled $2.7B (est)NotCo Ltd · Series D+ Raised $358.0M · modeled $2.5B (est)Workhorse Group Inc. · Series D+ Raised $242.8M · modeled $2.2B (est)Garrett Motion Inc. · Series D+ Raised $179.3M · modeled $1.9B (est)Ppg Industries Inc · Series D+ Raised $154.2M · modeled $1.8B (est)LTN Industries, Inc · Series D+ Raised $150.0M · modeled $1.6B (est)Shell Rock Soy Processing LLC · Series D+ Raised $155.0M · modeled $1.4B (est)AOT Packaging Products, L.P. · Series D+ Raised $131.5M · modeled $1.4B (est)Advanced Lighting Technologies, LLC · Series D+ Raised $192.7M · modeled $148.5M (est)CNL Strategic Capital, LLC (this company) Raised $300.0M · modeled $569.4M (est)CNL Strategic Capital, LLC
CompanyStageRaised · realValue · estvs peer med.
Nikola CorpSeries D+$300.0M$3.2B1.90×
LSF9 Balta Issuer S.a r.l.Series D+$279.0M$3.0B1.80×
Motional AD LLCSeries D+$239.7M$2.7B1.63×
NotCo LtdSeries D+$358.0M$2.5B1.47×
Workhorse Group Inc.Series D+$242.8M$2.2B1.33×
Garrett Motion Inc.Series D+$179.3M$1.9B1.14×
Ppg Industries IncSeries D+$154.2M$1.8B1.05×
LTN Industries, IncSeries D+$150.0M$1.6B0.95×
Shell Rock Soy Processing LLCSeries D+$155.0M$1.4B0.86×
AOT Packaging Products, L.P.Series D+$131.5M$1.4B0.85×
CNL Strategic Capital, LLC this companySeries D+$300.0M$569.4M0.34×
Advanced Lighting Technologies, LLCSeries D+$192.7M$148.5M0.09×
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.
Series D+$200.0M2017-07-01$1.7B$2.3B90%
Series D+$50.0M2019-07-01$416.7M$569.4M90%
Series D+$50.0M2019-07-01$416.7M$569.4M90%
Series D+$50.0M2020-07-01$416.7M$569.4M90%
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. Series D+$200.0M2017-07-01
    • First recorded raise — entered as Series D+.
  2. Series D+$50.0M2019-07-01
    • Raised again after 24 mo — slower than the ~12 mo sector norm.
    • Round 4.0× smaller than the prior — bridge or down round.
    • Switched to Rule 506(c) (was Rule 506(b)).
  3. Series D+$50.0M2019-07-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  4. Series D+$50.0M2020-07-01
    • Raised 12 mo later, in step with the ~12 mo sector norm.
    • Round roughly the size of the prior one.
Intelligence
2021 ~Q3
Modeled next raise · ~12mo cadence
$50.0M
Modeled next size est.range $50.0M$80.0M
1.0×
Last step-up
$100.0M/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
Arthur E. Levine1 other2017-07
Brett A. Schlemovitz2017-07
Chirag J. Bhavsar2019-07
Holly J. Greer2017-07
James M. Seneff, Jr.2019-07
Tammy J. Tipton2017-07
Thomas K. Sittema2017-07
Tracy G. Schmidt2017-07
Registry & provenance

CNL Strategic Capital, 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
1684682
SEC CIK
2016
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
Coda Holdings, Inc.ManufacturingSeries D+$286.7M$244.9Msame sector · same stage
PEM Holding Co.ManufacturingSeries D+$319.6M$706.6Msame sector · same stage
Elevance Renewable Sciences, Inc.ManufacturingSeries D+$319.9M$208.4Msame sector · same stage
Bombas LLCManufacturingSeries D+$279.5M$937.3Msame sector · same stage
Amonix IncManufacturingSeries D+$224.1M$156.2Msame sector · same stage
Advanced Lighting Technologies, LLCManufacturingSeries D+$192.7M$148.5Msame sector · same stage
Heron Power Electronics CoManufacturingSeries D+$181.5M$1.0Bsame sector · same stage
Terra CO2 Technology Holdings, Inc.ManufacturingSeries D+$170.1M$979.2Msame 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
CNG Acquisition, Inc.ManufacturingSeed$33.5M89%
CS Investment Holdings, LLCManufacturingSeries B$363.7M85%
CHB Investors, LLCManufacturingSeries A$45.1M84%
CNGmotive IncManufacturingPre-Seed$10.7M83%
FSBL Holdings, LLCManufacturingSeries A$67.7M82%
Caputo Investment Holdings, LLCManufacturingSeries B$165.0M82%
NT Ventures, Inc.ManufacturingSeed$3.1M82%
Vermont Maple Holdings, LLCManufacturingSeries A$5.4M82%
Frequently asked
How much funding has CNL Strategic Capital, LLC raised?
CNL Strategic Capital, LLC has raised approximately $300.0M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is CNL Strategic Capital, LLC's estimated valuation?
Provath's modeled valuation for CNL Strategic Capital, LLC is approximately $569.4M (modeled range $289.0M–$1.2B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is CNL Strategic Capital, LLC at?
CNL Strategic Capital, LLC's latest modeled financing stage is Series D+. Its most recent recorded round closed around Wed Jul 01.
What does CNL Strategic Capital, LLC do and where is it based?
CNL Strategic Capital, LLC operates in the Manufacturing sector, based in ORLANDO.
Explore related

See where CNL Strategic Capital, 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 CNL Strategic Capital, 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.