Diligence memo · auto-generated · as of July 2, 2026
Heartwood Biomass Inc.
Heartwood Biomass Inc. looks fair against its niche peers and is active on financing cadence.
Businessfiled
Heartwood Biomass Inc. operates in Manufacturing, based in WALLOWA.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Heartwood Biomass Inc. has raised $6.5M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $2.3M on 2023-06-29.
Most recent recorded round closed around 2025-10-09.
Valuation (modeled)modeled
Provath models Heartwood Biomass Inc. at approximately $5.6M (range $2.0M–$11M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.23× the median modeled value of Seed Manufacturing companies in 2025–2027 (81 peers) — value vs value, same stage and era. Within the normal band (123% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 28 months.
Last raise 9 mo ago; this sector typically re-raises about every 12 months.
Raising on or ahead of the sector's normal rhythm.
The last round was 1.1× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 72% of Manufacturing peers (3257 compared).
Modeled value ranks above 33% of those peers.
Closest niche peers: Enthos Circular Feed Technologies, Inc., Cutsforth Capital Holdings, Inc., SmartAuger, Inc., AeroShield Materials, Inc., Stetson Steel LLC.
Peoplefiled
13 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.