Companies · Manufacturing

Horsehead Holding Corp

PITTSBURGH · Manufacturing

Diligence memoA one-page analyst read on Horsehead Holding Corp — recommendation, valuation, rhythm, risks.
$70.0M
Total raised · real
3
Rounds
0.3×
Latest step-up
Top 6%
Sector rank · raised
Series B
Latest stage · inferred · Tue Jul 29 2014 00:00:00 GMT+0000 (Coordinated Universal Time)

Horsehead Holding Corp looks over-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.

Over-valued
  • Modeled value is 2.28× the median modeled value of Series B Manufacturing companies in 2013–2015 (29 peers) — value vs value, same stage and era.
Dormant
  • Last raise 11.9 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

Horsehead Holding Corp 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
13.1 yr record
Peak capital year was 2014 with $50.0M across 2 filings.
Market position
ahead of 95% of Manufacturing peers
Capital scale is ahead of 95% of Manufacturing peers; modeled value is above 95% 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
Consistent
Canonical totals and visible filing detail are broadly aligned.
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 2014: $50.0M across 2 filings.
  • Largest single filing was $40.0M on 2014-07-29.
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.
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

Horsehead Holding Corp is one of 3257 Manufacturing companies tracked from PITTSBURGH. By capital raised it ranks among the largest (ahead of 95% 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 · 2013-06-03 Raised $20M (real) Modeled valuation $219M (est)$20M$219MSeries B2013Series B · 2014-07-29 Raised $40M (real) Modeled valuation $439M (est)$40M$439MSeries B2014Series B · 2014-07-29 Raised $10M (real) Modeled valuation $110M (est)$10M$110MSeries B2014+$40M+$10MCumulative $70M

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$20.0M · 2013
Series B extension$40.0M · 2014
Series B extension$10.0M · 2014

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
$438.6M
Base estimate est.
$102.0M
Conservative case
$1.7B
Upside case
$222.2M
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 $219.3M · 2013-06-032013Series B · modeled $438.6M · 2014-07-29Series B · modeled $109.6M · 2014-07-292014
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
11.9 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
7 mo
Avg between rounds
$60.7M/yr
Capital velocity
13.1 yr
On record since
2013
First round
3
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) 35× above median
This company$70.0M
Sector median$2.0M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.5× of median
This company$10.0M
Sector median$18.5M
Modeled value — vs sector median (estimate, all stages) 36× above median
This company$438.6M
Sector median$12.0M

Raised more than 95% of sector peers (real $). Modeled value above 95% 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 #1 of 29.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)Specialized Tech Inc · Series B Raised $36.0M · modeled $394.7M (est)Cobham plc · Series B Raised $33.4M · modeled $366.1M (est)ACON Funko Investors Holdings, L.L.C. · Series B Raised $32.9M · modeled $360.8M (est)Workhorse Rail, LLC · Series B Raised $26.3M · modeled $287.8M (est)International Wire Group Holdings, Inc. · Series B Raised $26.0M · modeled $285.1M (est)Nn Inc · Series B Raised $25.0M · modeled $274.1M (est)Rollease Holding Company, LLC · Series B Raised $24.9M · modeled $273.0M (est)SiGNa Chemistry, Inc. · Series B Raised $24.5M · modeled $268.8M (est)MV Waterfall AG · Series B Raised $22.2M · modeled $243.5M (est)Noa Visual Group Americas, Inc. · Series B Raised $21.9M · modeled $240.3M (est)Elementis Plc · Series B Raised $21.6M · modeled $236.9M (est)Horsehead Holding Corp (this company) Raised $70.0M · modeled $438.6M (est)Horsehead Holding Corp
CompanyStageRaised · realValue · estvs peer med.
Horsehead Holding Corp this companySeries B$70.0M$438.6M2.28×
Specialized Tech IncSeries B$36.0M$394.7M2.05×
Cobham plcSeries B$33.4M$366.1M1.90×
ACON Funko Investors Holdings, L.L.C.Series B$32.9M$360.8M1.87×
Workhorse Rail, LLCSeries B$26.3M$287.8M1.49×
International Wire Group Holdings, Inc.Series B$26.0M$285.1M1.48×
Nn IncSeries B$25.0M$274.1M1.42×
Rollease Holding Company, LLCSeries B$24.9M$273.0M1.42×
SiGNa Chemistry, Inc.Series B$24.5M$268.8M1.40×
MV Waterfall AGSeries B$22.2M$243.5M1.26×
Noa Visual Group Americas, Inc.Series B$21.9M$240.3M1.25×
Elementis PlcSeries B$21.6M$236.9M1.23×
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$20.0M2013-06-03$111.1M$219.3M90%
Series B$40.0M2014-07-29$222.2M$438.6M90%
Series B$10.0M2014-07-29$55.6M$109.6M90%
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$20.0M2013-06-03
    • First recorded raise — entered as Series B.
  2. Series B$40.0M2014-07-29
    • Raised 14 mo later, in step with the ~12 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
  3. Series B$10.0M2014-07-29
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 4.0× smaller than the prior — bridge or down round.
Intelligence
2015 ~Q1
Modeled next raise · ~7mo cadence
$10.0M
Modeled next size est.range $10.0M$16.0M
0.3×
Last step-up
$60.7M/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
GARY WHITAKER2013-06
GEORGE SCHREIBER, JR.2013-06
JACK SHILLING2013-06
JAMES HENSLER2013-06
JOHN VAN RODEN, JR.2013-06
ROBERT SCHERICH2013-06
T. GRANT JOHN2013-06
Registry & provenance

Horsehead Holding 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
1385544
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
Global Bamboo Technologies Inc.ManufacturingSeries B$70.2M$78.1Msame sector · same stage
Aaon, Inc.ManufacturingSeries B$80.0M$80.9Msame sector · same stage
Azure Dynamics CorpManufacturingSeries B$60.1M$220.7Msame sector · same stage
Virtue Labs, LLCManufacturingSeries B$81.6M$107.7Msame sector · same stage
Selkirk Pharma, Inc.ManufacturingSeries B$82.1M$152.7Msame sector · same stage
Gulfco Holding Corp.ManufacturingSeries B$59.1M$325.1Msame sector · same stage
Endera CorpManufacturingSeries B$55.9M$200.9Msame sector · same stage
FRX Polymers, Inc.ManufacturingSeries B$55.2M$248.3Msame sector · same stage
Frequently asked
How much funding has Horsehead Holding Corp raised?
Horsehead Holding Corp has raised approximately $70.0M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Horsehead Holding Corp's estimated valuation?
Provath's modeled valuation for Horsehead Holding Corp is approximately $438.6M (modeled range $102.0M–$1.7B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Horsehead Holding Corp at?
Horsehead Holding Corp's latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Jul 29.
What does Horsehead Holding Corp do and where is it based?
Horsehead Holding Corp operates in the Manufacturing sector, based in PITTSBURGH.
Explore related

See where Horsehead Holding 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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