Companies · Manufacturing / Industrial

Koch Industries Inc

WICHITA · Manufacturing / Industrial · refined from filed group “Other · https://www.kochinc.com/

Diligence memoA one-page analyst read on Koch Industries Inc — recommendation, valuation, rhythm, risks.
$1.4B
Total raised · real
15
Rounds
0.5×
Latest step-up
Top 1%
Sector rank · raised
Series D+
Latest stage · inferred · Thu Feb 29 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Koch Industries Inc has raised $1.4B over 15 rounds; too few niche peers to rank its valuation yet.

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.

At-risk
  • Last raise 2.3 yr ago; this sector typically re-raises about every 13 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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 / Industrial

Koch Industries Inc is one of 629 Manufacturing / Industrial companies tracked from WICHITA. By capital raised it ranks among the largest (ahead of 100% 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.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Explore Koch’s companies, investments and career opportunities. Learn what Koch companies make and how we create long-term value worldwide.

Explore Koch’s companies, investments and career opportunities. Learn what Koch companies make and how we create long-term value worldwide. Growing from a small business in the Midwest to one of the largest privately held companies in the world, Koch’s story is one of transformation: guided by principles, built for the long term and focused on creating opportunities that help improve lives. Koch acquires, creates, develops and invests in a diverse group of companies, spanning from paper goods to software and much more in between. Find a role that matches your strengths at a company that helps you grow. With opportunities across industries, Koch supports careers as unique as the people building them. Principle Based Management™ and stewardship guide everything we do — from how we empower employees to how we innovate, solve problems and contribute to society. © 2026 Koch IP Holdings, LLC. All Rights Reserved.

Find Creating a world of opportunities online

Trades publicly as Creating a world of opportunities.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
15
Investors (latest)
2024-02-29
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$1.3B$2.5B$3.8B$5.0BSeries B · 2010-02-26 Raised $23M (real) Modeled valuation $251M (est)Series B2010Series B · 2011-03-01 Raised $18M (real) Modeled valuation $194M (est)Series B2011Series B · 2012-02-29 Raised $9.4M (real) Modeled valuation $103M (est)Series B2012Series D+ · 2013-02-25 Raised $310M (real) Modeled valuation $3.5B (est)Series D+2013Series D+ · 2014-02-28 Raised $21M (real) Modeled valuation $245M (est)Series D+2014Series D+ · 2015-02-27 Raised $66M (real) Modeled valuation $748M (est)Series D+2015Series D+ · 2016-02-29 Raised $26M (real) Modeled valuation $296M (est)Series D+2016Series D+ · 2017-02-28 Raised $46M (real) Modeled valuation $520M (est)Series D+2017Series D+ · 2018-02-28 Raised $49M (real) Modeled valuation $554M (est)Series D+2018Series D+ · 2019-02-28 Raised $42M (real) Modeled valuation $483M (est)Series D+2019Series D+ · 2020-02-28 Raised $53M (real) Modeled valuation $603M (est)Series D+2020Series D+ · 2021-02-26 Raised $383M (real) Modeled valuation $4.2B (est)Series D+2021Series D+ · 2022-02-28 Raised $156M (real) Modeled valuation $1.6B (est)Series D+2022Series D+ · 2023-02-28 Raised $148M (real) Modeled valuation $1.4B (est)Series D+2023Series D+ · 2024-02-29 Raised $75M (real) Modeled valuation $649M (est)Series D+2024Cumulative $1.4B

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$22.9M · 2010
Series B extension$17.7M · 2011
Series B extension$9.4M · 2012
Series D+$310.0M · 2013no Series C on file
Series D+ extension$21.5M · 2014
Series D+ extension$65.7M · 2015
Series D+ extension$26.0M · 2016
Series D+ extension$45.7M · 2017
Series D+ extension$48.7M · 2018
Series D+ extension$42.4M · 2019
Series D+ extension$52.9M · 2020
Series D+ extension$383.4M · 2021
Series D+ extension$156.0M · 2022
Series D+ extension$148.3M · 2023
Series D+ extension$75.3M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, 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
$649.2M
Base estimate est.
$435.0M
Conservative case
$937.1M
Upside case
$627.1M
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 B · modeled $251.0M · 2010-02-262010Series B · modeled $194.1M · 2011-03-01Series B · modeled $103.2M · 2012-02-29Series D+ · modeled $3.5B · 2013-02-25Series D+ · modeled $244.8M · 2014-02-28Series D+ · modeled $747.7M · 2015-02-27Series D+ · modeled $296.3M · 2016-02-29Series D+ · modeled $520.0M · 2017-02-28Series D+ · modeled $554.2M · 2018-02-28Series D+ · modeled $482.9M · 2019-02-28Series D+ · modeled $602.8M · 2020-02-28Series D+ · modeled $4.2B · 2021-02-26Series D+ · modeled $1.6B · 2022-02-28Series D+ · modeled $1.4B · 2023-02-28Series D+ · modeled $649.2M · 2024-02-292024
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
2.3 yr
Elapsed time used
2.3 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
12 mo
Avg between rounds
$101.8M/yr
Capital velocity
16.3 yr
On record since
2010
First round
15
Rounds on file
How it compares to the market

Benchmarked against 629 companies in Manufacturing / Industrial. 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) 357× above median
This company$1.4B
Sector median$4.0M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.7× of median
This company$75.3M
Sector median$102.0M
Modeled value — vs sector median (estimate, all stages) 46× above median
This company$649.2M
Sector median$14.1M

Raised more than 100% of sector peers (real $). Modeled value above 99% 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.

Not enough valued peers in this cohort to chart positioning.

CompanyStageRaised · realValue · estvs peer med.
Founders Factory AfricaSeries D+$114.0M$1.0B1.22×
Koch Industries Inc this companySeries D+$1.4B$649.2M0.78×
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$22.9M2010-02-26$127.2M$251.0M85%
Series B$17.7M2011-03-01$98.3M$194.1M85%
Series B$9.4M2012-02-29$52.3M$103.2M85%
Series D+$310.0M2013-02-25$2.6B$3.5B85%
Series D+$21.5M2014-02-28$179.1M$244.8M85%
Series D+$65.7M2015-02-27$547.1M$747.7M85%
Series D+$26.0M2016-02-29$216.8M$296.3M85%
Series D+$45.7M2017-02-28$380.5M$520.0M90%
Series D+$48.7M2018-02-28$405.5M$554.2M90%
Series D+$42.4M2019-02-28$353.3M$482.9M90%
Series D+$52.9M2020-02-28$441.1M$602.8M90%
Series D+$383.4M2021-02-26$3.2B$4.2B90%
Series D+$156.0M2022-02-28$1.3B$1.6B90%
Series D+$148.3M2023-02-28$1.2B$1.4B90%
Series D+$75.3M2024-02-29$627.1M$649.2M90%
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. Series B$22.9M2010-02-26
    • First recorded raise — entered as Series B.
    • 20 investors on this round.
  2. Series B$17.7M2011-03-01
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 21 investors on this round.
  3. Series B$9.4M2012-02-29
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round 1.9× smaller than the prior — bridge or down round.
    • 12 investors on this round.
  4. Series D+$310.0M2013-02-25
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round 32.9× larger than the prior — scaling up.
    • 49 investors on this round.
  5. Series D+$21.5M2014-02-28
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round 14.4× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 14 investors on this round.
  6. Series D+$65.7M2015-02-27
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round 3.1× larger than the prior — scaling up.
    • 29 investors on this round.
  7. Series D+$26.0M2016-02-29
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round 2.5× smaller than the prior — bridge or down round.
    • 16 investors on this round.
  8. Series D+$45.7M2017-02-28
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • 18 investors on this round.
  9. Series D+$48.7M2018-02-28
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 24 investors on this round.
  10. Series D+$42.4M2019-02-28
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 19 investors on this round.
  11. Series D+$52.9M2020-02-28
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 20 investors on this round.
  12. Series D+$383.4M2021-02-26
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round 7.2× larger than the prior — scaling up.
    • 43 investors on this round.
  13. Series D+$156.0M2022-02-28
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round 2.5× smaller than the prior — bridge or down round.
    • 30 investors on this round.
  14. Series D+$148.3M2023-02-28
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 25 investors on this round.
  15. Series D+$75.3M2024-02-29
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 15 investors on this round.
Intelligence
2025 ~Q1
Modeled next raise · ~12mo cadence
$75.3M
Modeled next size est.range $75.3M$120.4M
0.5×
Last step-up
$101.8M/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
David J. May2 other2010-02
Kristi L Palmer2 other2022-02
Raymond F. Geoffroy, III2 other2019-02
Richard K. Dinkel2 other2010-02
Ross A. Goering2 other2021-02
Cara D. Chennault-Reid1 other2024-02
C. Chase Koch1 other2014-02
CHARLES G. KOCH1 other2010-02
David C. Dotson1 other2017-02
DAVID L. ROBERTSON1 other2010-02
ELAINE T. MARSHALL1 other2010-02
Frances J. Cooley1 other2021-02
Ginger A Allman1 other2021-02
Gregory W. Flesher1 other2019-02
James B. Hannan1 other2014-02
Julia F. Koch1 other2021-02
Mark E. Humphrey1 other2010-02
Mark E. Luetters1 other2019-02
Mark V. Holden1 other2010-02
Philip G Ellender1 other2018-02
Phillip A Glenn1 other2023-02
RANDALL A. BUSHMAN1 other2010-02
Sheryl A. Corrigan1 other2024-02
Steven J. Feilmeier1 other2010-02
Registry & provenance

Koch Industries Inc 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
923338
SEC CIK
Recent activityActive

Discovered from kochinc — the partnerships, launches, hiring and press it publishes about itself. Evidence the company is alive and what it is doing now, not financial data.

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
Koch, Inc.OtherSeries D+$408.4M$1.7Bnetwork21 shared operators · same stage
Koch Holdings, LLCOtherSeries B$57.1M$3.9Mnetwork8 shared operators
Mach Industries Inc.Manufacturing / IndustrialSeries D+$186.1M$803.4Msame sector · same stage
Founders Factory AfricaManufacturing / IndustrialSeries D+$114.0M$1.0Bsame sector · same stage
Black Unicorn FactoryManufacturing / IndustrialGrowth/Late$646.0M$10.0Msame sector
Kemin Industries, Inc.Manufacturing / IndustrialSeries C$460.0M$286.5Msame sector
StarkWare Industries Ltd.Manufacturing / IndustrialSeries C$186.5M$447.6Msame sector
Industrious National Management Co LLCManufacturing / IndustrialSeries C$169.5M$903.7Msame 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
Koch Holdings, LLCOtherSeries B$3.9M75%
Koch, Inc.OtherSeries D+$1.7B74%
Insight MB Holdings, LLC
Insight Holdings
OtherGrowth/Late$12.1B68%
Overview Corp
Reshaping industrial quality with AI, hardware, and software
AI / MLSeed$17.3M67%
Bits to Atoms
Match job seekers to roles at deep technology startups.
67%
Story Industries, Inc.Manufacturing / IndustrialSeed$5.0M67%
Automattic Inc.
Around the world, building the internet’s operating system—and a better way to work. In a world of tech companies fighting for growth at any cost, imagine one that gives away its most successful product for free—and has been doing it for 20 years. Whereas an increasing number of tech firms spend the
Other TechnologySeries D+$7.5B67%
Village Labs
Helping America's businesses become employee owned
Fintech67%
Frequently asked
How much funding has Koch Industries Inc raised?
Koch Industries Inc has raised approximately $1.4B in disclosed capital across 15 recorded financing rounds, aggregated from public filings.
What is Koch Industries Inc's estimated valuation?
Provath's modeled valuation for Koch Industries Inc is approximately $649.2M (modeled range $435.0M–$937.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Koch Industries Inc at?
Koch Industries Inc's latest modeled financing stage is Series D+. Its most recent recorded round closed around Thu Feb 29.
What does Koch Industries Inc do and where is it based?
Koch Industries Inc operates in the Manufacturing / Industrial sector, based in WICHITA. Explore Koch’s companies, investments and career opportunities. Learn what Koch companies make and how we create long-term value worldwide.
Explore related

See where Koch Industries Inc sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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