Companies · Manufacturing

Dirtt Environmental Solutions Ltd

CALGARY ALBERTA · Manufacturing

Diligence memoA one-page analyst read on Dirtt Environmental Solutions Ltd — recommendation, valuation, rhythm, risks.
$44.5M
Total raised · real
4
Rounds
4.0×
Latest step-up
Top 9%
Sector rank · raised
Series B
Latest stage · inferred · Thu Dec 06 2012 00:00:00 GMT+0000 (Coordinated Universal Time)

Dirtt Environmental Solutions Ltd 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 manufacturing 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 1.01× the median modeled value of Series B Manufacturing companies in 2010–2012 (46 peers) — value vs value, same stage and era.
  • Within the normal band (101% of peer median) for its niche.
Dormant
  • Last raise 13.6 yr ago; this sector typically re-raises about every 12 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 Manufacturing

Dirtt Environmental Solutions Ltd is one of 3256 Manufacturing companies tracked from CALGARY ALBERTA. By capital raised it ranks among the largest (ahead of 92% 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$125M$250M$375M$500MSeries B · 2011-03-16 Raised $17M (real) Modeled valuation $186M (est)$17M$186MSeries B2011Series B · 2011-09-30 Raised $2.5M (real) Modeled valuation $27M (est)$2.5M$27MSeries B2011Series B · 2012-06-29 Raised $5.0M (real) Modeled valuation $55M (est)$5.0M$55MSeries B2012Series B · 2012-12-06 Raised $20M (real) Modeled valuation $219M (est)$20M$219MSeries B2012+$2.5M+$5.0M+$20MCumulative $45M

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 B$17.0M · 2011
Series B extension$2.5M · 2011
Series B extension$5.0M · 2012
Series B extension$20.0M · 2012

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$219.3M
Base estimate est.
$51.0M
Conservative case
$844.0M
Upside case
$111.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the manufacturing sector profile. Directional, not a quoted figure.

Series B · modeled $186.4M · 2011-03-162011Series B · modeled $27.4M · 2011-09-30Series B · modeled $54.8M · 2012-06-29Series B · modeled $219.3M · 2012-12-062012
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
69%
Survival probability
46% low · 85% high
1.19×/yr
Annual markup
1.44×/yr upside case
6.0 yr
Elapsed time used
13.6 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
7 mo
Avg between rounds
$25.8M/yr
Capital velocity
15.3 yr
On record since
2011
First round
4
Rounds on file
How it compares to the market

Benchmarked against 3256 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) 22× above median
This company$44.5M
Sector median$2.0M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.1× above median
This company$20.0M
Sector median$18.5M
Modeled value — vs sector median (estimate, all stages) 18× above median
This company$219.3M
Sector median$12.0M

Raised more than 92% of sector peers (real $). Modeled value above 92% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #22 of 46.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)MPD Holdings, LLC · Series B Raised $42.7M · modeled $438.6M (est)CanAm Pennsylvania Regional Center, LP VII · Series B Raised $38.4M · modeled $420.6M (est)TMD Holdings, LLC · Series B Raised $38.2M · modeled $418.8M (est)Pexco Llc · Series B Raised $36.5M · modeled $400.2M (est)Foss Holdings, LLC · Series B Raised $38.6M · modeled $385.4M (est)Goodman Fielder Ltd /Fi · Series B Raised $30.7M · modeled $336.1M (est)Gulfco Holding Corp. · Series B Raised $59.1M · modeled $325.1M (est)FR AFG Holdings, Inc. · Series B Raised $29.4M · modeled $322.1M (est)Kovio Inc · Series B Raised $27.2M · modeled $298.2M (est)Velcon Holdings, LLC · Series B Raised $26.3M · modeled $288.7M (est)Associated Group Holdings, LLC · Series B Raised $35.2M · modeled $277.8M (est)Wheaton Holding Corp. · Series B Raised $24.6M · modeled $270.2M (est)Dirtt Environmental Solutions Ltd (this company) Raised $44.5M · modeled $219.3M (est)Dirtt Environmental Solutions Ltd
CompanyStageRaised · realValue · estvs peer med.
MPD Holdings, LLCSeries B$42.7M$438.6M2.03×
CanAm Pennsylvania Regional Center, LP VIISeries B$38.4M$420.6M1.94×
TMD Holdings, LLCSeries B$38.2M$418.8M1.94×
Pexco LlcSeries B$36.5M$400.2M1.85×
Foss Holdings, LLCSeries B$38.6M$385.4M1.78×
Goodman Fielder Ltd /FiSeries B$30.7M$336.1M1.55×
Gulfco Holding Corp.Series B$59.1M$325.1M1.50×
FR AFG Holdings, Inc.Series B$29.4M$322.1M1.49×
Kovio IncSeries B$27.2M$298.2M1.38×
Velcon Holdings, LLCSeries B$26.3M$288.7M1.33×
Associated Group Holdings, LLCSeries B$35.2M$277.8M1.28×
Wheaton Holding Corp.Series B$24.6M$270.2M1.25×
Dirtt Environmental Solutions Ltd this companySeries B$44.5M$219.3M1.01×
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 B$17.0M2011-03-16$94.4M$186.4M90%
Series B$2.5M2011-09-30$13.9M$27.4M90%
Series B$5.0M2012-06-29$27.8M$54.8M90%
Series B$20.0M2012-12-06$111.1M$219.3M90%
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 B$17.0M2011-03-16
    • First recorded raise — entered as Series B.
  2. Series B$2.5M2011-09-30
    • Came back fast: 7 mo vs the ~12 mo sector norm.
    • Round 6.8× smaller than the prior — bridge or down round.
  3. Series B$5.0M2012-06-29
    • Raised 9 mo later, in step with the ~12 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
  4. Series B$20.0M2012-12-06
    • Came back fast: 5 mo vs the ~12 mo sector norm.
    • Round 4.0× larger than the prior — scaling up.
Intelligence
2013 ~Q3
Modeled next raise · ~7mo cadence
$60.0M
Modeled next size est.range $39.0M$96.0M
4.0×
Last step-up
$25.8M/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
Barrie Loberg3 other2011-03
Mogens Smed3 other2011-03
Scott Jenkins2 other2011-03
Diana A Propper De Callejon2012-12
Geoff Gosling2011-03
Gregory Burke2011-03
Gregory F Burke2012-12
James A Gosling2012-12
James Gosling2011-03
Lawrence David Fairholm2012-12
Lawrence Fairholm2011-03
Rowland David Fleming2012-12
Rowland Fleming2011-03
Shannon Ernst2011-03
Steven A Parry2012-12
Tracy Baker2011-03
Registry & provenance

Dirtt Environmental Solutions Ltd 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
1340476
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
Falkbuilt Ltd.OtherSeries B$85.2M$11.1Mnetwork2 shared operators · same stage
Axion Power International, Inc.ManufacturingSeries B$44.4M$102.7Msame sector · same stage
Flex Partnership Holdings, L.P.ManufacturingSeries B$46.1M$84.2Msame sector · same stage
Softwear Automation, Inc.ManufacturingSeries B$42.6M$110.3Msame sector · same stage
Alco Manufacturing Holding CorpManufacturingSeries B$42.5M$162.9Msame sector · same stage
Elite Aerospace Group, Inc.ManufacturingSeries B$42.0M$109.6Msame sector · same stage
GO ECO Manufacturing, IncManufacturingSeries B$50.0M$137.1Msame sector · same stage
PBE Holdings, LLCManufacturingSeries B$50.1M$142.5Msame sector · same stage
Frequently asked
How much funding has Dirtt Environmental Solutions Ltd raised?
Dirtt Environmental Solutions Ltd has raised approximately $44.5M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Dirtt Environmental Solutions Ltd's estimated valuation?
Provath's modeled valuation for Dirtt Environmental Solutions Ltd is approximately $219.3M (modeled range $51.0M–$844.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Dirtt Environmental Solutions Ltd at?
Dirtt Environmental Solutions Ltd's latest modeled financing stage is Series B. Its most recent recorded round closed around Thu Dec 06.
What does Dirtt Environmental Solutions Ltd do and where is it based?
Dirtt Environmental Solutions Ltd operates in the Manufacturing sector, based in CALGARY ALBERTA.
Explore related

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