Companies · Manufacturing

Greenfield Nitrogen, L.L.C.

GARNER · Manufacturing

Diligence memoA one-page analyst read on Greenfield Nitrogen, L.L.C. — recommendation, valuation, rhythm, risks.
$125.5M
Total raised · real
3
Rounds
0.0×
Latest step-up
Top 4%
Sector rank · raised
Series D+
Latest stage · inferred · Mon Feb 11 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Greenfield Nitrogen, L.L.C. 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 0.02× the median modeled value of Series D+ Manufacturing companies in 2019–2021 (14 peers) — value vs value, same stage and era.
Dormant
  • Last raise 7.4 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

Greenfield Nitrogen, L.L.C. is one of 3257 Manufacturing companies tracked from GARNER. By capital raised it ranks among the largest (ahead of 97% of sector peers), and in the upper tier 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
43
Investors (latest)
2014
Year incorporated
2019-02-11
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$500M$1.0B$1.5B$2.0BSeed · 2016-04-29 Raised $2.5M (real) Modeled valuation $31M (est)$2.5M$31MSeed2016Seed · 2016-04-29 Raised $2.5M (real) Modeled valuation $31M (est)$2.5M$31MSeed2016Series D+ · 2018-07-01 Raised $120M (real) Modeled valuation $1.4B (est)$120M$1.4BSeries D+2018Series D+ · 2019-02-11 Raised $3.0M (real) Modeled valuation $34M (est)$3.0M$34MSeries D+2019+$2.5M+$120M+$3.0MCumulative $128M

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$2.5M · 2016
Seed extension$2.5M · 2016
Series D+$120.0M · 2018no Series A / Series B / Series C on file
Series D+ extension$3.0M · 2019

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
$34.2M
Base estimate est.
$17.3M
Conservative case
$74.9M
Upside case
$25.0M
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.

Seed · modeled $31.3M · 2016-04-292016Seed · modeled $30.9M · 2016-04-29Series D+ · modeled $1.4B · 2018-07-01Series D+ · modeled $34.2M · 2019-02-112019
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
7.4 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$45.0M/yr
Capital velocity
10.2 yr
On record since
2016
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) 62× above median
This company$125.5M
Sector median$2.0M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.0× of median
This company$3.0M
Sector median$108.6M
Modeled value — vs sector median (estimate, all stages) 2.8× above median
This company$34.2M
Sector median$12.0M

Raised more than 97% of sector peers (real $). Modeled value above 74% 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 #14 of 14.

This companyCohort peer
$10.0M$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)CNL Strategic Capital, LLC · Series D+ Raised $300.0M · modeled $569.4M (est)Advanced Lighting Technologies, LLC · Series D+ Raised $192.7M · modeled $148.5M (est)Greenfield Nitrogen, L.L.C. (this company) Raised $125.5M · modeled $34.2M (est)Greenfield Nitrogen, L.L.C.
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, LLCSeries D+$300.0M$569.4M0.34×
Advanced Lighting Technologies, LLCSeries D+$192.7M$148.5M0.09×
Greenfield Nitrogen, L.L.C. this companySeries D+$125.5M$34.2M0.02×
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$2.5M2016-04-29$12.8M$31.3M85%
Seed$2.5M2016-04-29$12.6M$30.9M85%
Series D+$120.0M2018-07-01$1.0B$1.4B90%
Series D+$3.0M2019-02-11$25.0M$34.2M90%
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$2.5M2016-04-29
    • First recorded raise — entered as Seed.
    • 46 investors on this round.
  2. Seed$2.5M2016-04-29
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 46 investors on this round.
  3. Series D+$120.0M2018-07-01
    • Raised again after 26 mo — slower than the ~12 mo sector norm.
    • Round 47.6× larger than the prior — scaling up.
    • Switched to Rule 506(c) (was Rule 506(b)).
  4. Series D+$3.0M2019-02-11
    • Raised 7 mo later, in step with the ~12 mo sector norm.
    • Round 40.0× smaller than the prior — bridge or down round.
    • 43 investors on this round.
Intelligence
2020 ~Q1
Modeled next raise · ~11mo cadence
$3.0M
Modeled next size est.range $3.0M$4.8M
0.0×
Last step-up
$45.0M/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
Karl F. Theis2019-02
Karl Theis2016-04
Linda K. Thrasher2019-02
Linda Thrasher2016-04
Reed B. Kuper2019-02
Reed Kuper2016-04
Registry & provenance

Greenfield Nitrogen, L.L.C. 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
1673997
SEC CIK
2014
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
Serious Materials IncManufacturingSeries C$130.1M$33.6Msame sector
CleanFiber, LLCManufacturingSeries B$111.8M$28.7Msame sector
S & P Ingredient Development, LLCManufacturingSeries B$93.6M$43.3Msame sector
Natural Fiber Welding, Inc.ManufacturingSeries C$176.0M$39.6Msame sector
Csw Industrials, Inc.ManufacturingSeries C$79.1M$29.0Msame sector
Kush Bottles, Inc.ManufacturingSeries B$70.4M$33.6Msame sector
Nthdegree Technologies Worldwide IncManufacturingSeries B$66.4M$23.6Msame sector
Cyalume Technologies Holdings, Inc.ManufacturingSeries C$64.5M$45.3Msame sector
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
Northern Plains Nitrogen, LLPManufacturingSeries A$1.3M85%
Vermont Maple Holdings, LLCManufacturingSeries A$5.4M82%
Zero Nox, Inc.ManufacturingSeed$36.8M81%
Johnson Enterprises of America, Inc.ManufacturingPre-Seed$3.1M81%
Organics International Enterprise Inc.ManufacturingPre-Seed$3.4M81%
New Orleans Beverage Group, LlcManufacturingSeed$12.8M81%
New Era Brewing, LLCManufacturingPre-Seed$9.9M80%
WH Brewing II, LLCManufacturingPre-Seed$7.6M80%
Frequently asked
How much funding has Greenfield Nitrogen, L.L.C. raised?
Greenfield Nitrogen, L.L.C. has raised approximately $125.5M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Greenfield Nitrogen, L.L.C.'s estimated valuation?
Provath's modeled valuation for Greenfield Nitrogen, L.L.C. is approximately $34.2M (modeled range $17.3M–$74.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Greenfield Nitrogen, L.L.C. at?
Greenfield Nitrogen, L.L.C.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Mon Feb 11.
What does Greenfield Nitrogen, L.L.C. do and where is it based?
Greenfield Nitrogen, L.L.C. operates in the Manufacturing sector, based in GARNER.
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