Companies · Mining & Resources

Liquid X Printed Metals, Inc.

Pittsburgh · Mining & Resources · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Liquid X Printed Metals, Inc. — recommendation, valuation, rhythm, risks.
$9.5M
Total raised · real
7
Rounds
1.0×
Latest step-up
Top 21%
Sector rank · raised
Seed
Latest stage · inferred · Tue Dec 06 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Liquid X Printed Metals, Inc. looks fair against its niche peers and is at-risk on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the extractive 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 1.37× the median modeled value of Seed Mining & Resources companies in 2022–2024 (63 peers) — value vs value, same stage and era.
  • Within the normal band (137% of peer median) for its niche.
At-risk
  • Last raise 3.6 yr ago; this sector typically re-raises about every 11 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 Mining & Resources

Liquid X Printed Metals, Inc. is one of 701 Mining & Resources companies tracked from Pittsburgh. By capital raised it ranks in the upper tier (ahead of 80% of sector peers), and mid-pack 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(b)
Reg D exemption
13
Investors (latest)
2022-12-06
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$5.0M$10M$15M$20MSeed · 2013-05-16 Raised $1.4M (real) Modeled valuation $7.4M (est)Seed2013Seed · 2014-12-23 Raised $1.2M (real) Modeled valuation $6.7M (est)Seed2014Pre-Seed · 2014-12-23 Raised $660K (real) Modeled valuation $4.4M (est)Pre-Seed2014Seed · 2016-11-23 Raised $2.0M (real) Modeled valuation $11M (est)Seed2016Seed · 2018-04-23 Raised $1.4M (real) Modeled valuation $7.5M (est)Seed2018Seed · 2019-07-08 Raised $735K (real) Modeled valuation $3.9M (est)Seed2019Seed · 2020-10-19 Raised $1.4M (real) Modeled valuation $7.0M (est)Seed2020Seed · 2022-12-06 Raised $1.4M (real) Modeled valuation $4.9M (est)Seed2022+$1.2M+$660K+$2.0M+$1.4M+$735K+$1.4M+$1.4MCumulative $10M

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$1.4M · 2013
Seed extension$1.2M · 2014
Bridge · Seed-stage$660K · 2014smaller follow-on
Seed extension$2.0M · 2016
Seed extension$1.4M · 2018
Seed extension$735K · 2019
Seed extension$1.4M · 2020
Seed extension$1.4M · 2022

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$4.9M
Base estimate est.
$1.2M
Conservative case
$20.0M
Upside case
$7.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.

Seed · modeled $7.4M · 2013-05-162013Seed · modeled $6.7M · 2014-12-23Pre-Seed · modeled $4.4M · 2014-12-23Seed · modeled $10.8M · 2016-11-23Seed · modeled $7.5M · 2018-04-23Seed · modeled $3.9M · 2019-07-08Seed · modeled $7.0M · 2020-10-19Seed · modeled $4.9M · 2022-12-062022
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 59% high
1.19×/yr
Annual markup
1.56×/yr upside case
3.6 yr
Elapsed time used
3.6 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
16 mo
Avg between rounds
$997K/yr
Capital velocity
13.1 yr
On record since
2013
First round
8
Rounds on file
How it compares to the market

Benchmarked against 701 companies in Mining & Resources. 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) 4.1× above median
This company$9.5M
Sector median$2.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.3× above median
This company$1.4M
Sector median$1.1M
Modeled value — vs sector median (estimate, all stages) 1.9× above median
This company$4.9M
Sector median$2.5M

Raised more than 80% of sector peers (real $). Modeled value above 66% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) 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 #25 of 63.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Medusa Mining Ltd · Seed Raised $3.8M · modeled $15.6M (est)HighGold Mining Inc. · Seed Raised $12.5M · modeled $13.2M (est)Modern Mining Technology Corp. · Seed Raised $3.3M · modeled $13.2M (est)Only Gold Development Ltd Liability Co · Seed Raised $3.5M · modeled $12.9M (est)Rex Gold Partners, LLC · Seed Raised $3.5M · modeled $12.7M (est)Cornish Metals Inc. · Seed Raised $3.2M · modeled $12.6M (est)Newport Mining LLC · Seed Raised $3.0M · modeled $11.6M (est)Quartz Lake Mining, Inc · Seed Raised $3.0M · modeled $10.0M (est)Transatlantic Gold, Corp. · Seed Raised $2.5M · modeled $9.5M (est)Military Metal Art HoldCo, LLC · Seed Raised $3.1M · modeled $8.8M (est)Snowline Gold Corp. · Seed Raised $3.1M · modeled $8.5M (est)Northern Vertex Mining Corp. · Seed Raised $2.8M · modeled $7.9M (est)Liquid X Printed Metals, Inc. (this company) Raised $9.5M · modeled $4.9M (est)Liquid X Printed Metals, Inc.
CompanyStageRaised · realValue · estvs peer med.
Medusa Mining LtdSeed$3.8M$15.6M4.35×
HighGold Mining Inc.Seed$12.5M$13.2M3.69×
Modern Mining Technology Corp.Seed$3.3M$13.2M3.68×
Only Gold Development Ltd Liability CoSeed$3.5M$12.9M3.59×
Rex Gold Partners, LLCSeed$3.5M$12.7M3.55×
Cornish Metals Inc.Seed$3.2M$12.6M3.51×
Newport Mining LLCSeed$3.0M$11.6M3.24×
Quartz Lake Mining, IncSeed$3.0M$10.0M2.79×
Transatlantic Gold, Corp.Seed$2.5M$9.5M2.65×
Military Metal Art HoldCo, LLCSeed$3.1M$8.8M2.45×
Snowline Gold Corp.Seed$3.1M$8.5M2.38×
Northern Vertex Mining Corp.Seed$2.8M$7.9M2.19×
Liquid X Printed Metals, Inc. this companySeed$9.5M$4.9M1.37×
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$1.4M2013-05-16$6.8M$7.4M85%
Seed$1.2M2014-12-23$6.2M$6.7M85%
Pre-Seed$660K2014-12-23$3.7M$4.4M85%
Seed$2.0M2016-11-23$10.1M$10.8M90%
Seed$1.4M2018-04-23$7.0M$7.5M90%
Seed$735K2019-07-08$3.7M$3.9M90%
Seed$1.4M2020-10-19$6.9M$7.0M90%
Seed$1.4M2022-12-06$7.0M$4.9M90%
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$1.4M2013-05-16
    • First recorded raise — entered as Seed.
    • 7 investors on this round.
  2. Seed$1.2M2014-12-23
    • Raised again after 19 mo — slower than the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(b) (was Rule 06).
    • 10 investors on this round.
  3. Pre-Seed$660K2014-12-23
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.9× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  4. Seed$2.0M2016-11-23
    • Raised again after 23 mo — slower than the ~11 mo sector norm.
    • Round 3.1× larger than the prior — scaling up.
    • 8 investors on this round.
  5. Seed$1.4M2018-04-23
    • Raised again after 17 mo — slower than the ~11 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 12 investors on this round.
  6. Seed$735K2019-07-08
    • Raised 14 mo later, in step with the ~11 mo sector norm.
    • Round 1.9× smaller than the prior — bridge or down round.
    • 6 investors on this round.
  7. Seed$1.4M2020-10-19
    • Raised 15 mo later, in step with the ~11 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 10 investors on this round.
  8. Seed$1.4M2022-12-06
    • Raised again after 26 mo — slower than the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 13 investors on this round.
Intelligence
2024 ~Q2
Modeled next raise · ~16mo cadence
$1.4M
Modeled next size est.range $1.4M$2.3M
1.0×
Last step-up
$997K/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
Andrew W. Hannah4 other2013-05
William R Newlin2 other2013-05
David D. Fyfe2013-05
Gregory Babe2022-12
Gregory S. Babe2013-05
Joe R. Bartolacci2016-11
John D. Belot2013-05
Joseph C. Bartolacci2019-07
Richard D. McCullough2013-05
Registry & provenance

Liquid X Printed Metals, 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
1577385
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
Heliostar Metals Ltd.Mining & ResourcesSeed$9.0M$7.4Msame sector · same stage
CellTech Metals Inc.Mining & ResourcesSeed$10.7M$890Ksame sector · same stage
Goldgroup Mining Inc.Mining & ResourcesSeed$11.0M$1.1Msame sector · same stage
Winston Gold Corp.Mining & ResourcesSeed$11.0M$3.4Msame sector · same stage
Silver Bullet Water Treatment Company, LLCMining & ResourcesSeed$8.2M$5.2Msame sector · same stage
Silver X Mining Corp.Mining & ResourcesSeed$11.2M$4.4Msame sector · same stage
Mogotes Metals Inc.Mining & ResourcesSeed$7.8M$2.6Msame sector · same stage
Amarillo Gold Corp.Mining & ResourcesSeed$7.3M$3.5Msame sector · same stage
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
LiquidX, Inc.Other TechnologySeries B$13.3M85%
Liquid Gold, LLCMining & ResourcesSeed$10.2M84%
Code Metal, Inc.Mining & ResourcesSeries D+$815.0M84%
Liquid Technology IncSoftware / TechPre-Seed$10.6M83%
CellTech Metals Inc.Mining & ResourcesSeed$890K82%
Urban Mining International, Inc.Mining & ResourcesPre-Seed$3.5M81%
Metal Powder Works LtdMining & ResourcesSeed$7.7M81%
American Strategic Metals Corp.Mining & ResourcesSeries A$34.4M81%
Frequently asked
How much funding has Liquid X Printed Metals, Inc. raised?
Liquid X Printed Metals, Inc. has raised approximately $9.5M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Liquid X Printed Metals, Inc.'s estimated valuation?
Provath's modeled valuation for Liquid X Printed Metals, Inc. is approximately $4.9M (modeled range $1.2M–$20.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Liquid X Printed Metals, Inc. at?
Liquid X Printed Metals, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Tue Dec 06.
What does Liquid X Printed Metals, Inc. do and where is it based?
Liquid X Printed Metals, Inc. operates in the Mining & Resources sector, based in Pittsburgh.
Explore related

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

Is this your company?

If you work at Liquid X Printed Metals, Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.