Companies · Manufacturing

LSF9 Balta Issuer S.a r.l.

LUXEMBOURG · Manufacturing

Diligence memoA one-page analyst read on LSF9 Balta Issuer S.a r.l. — recommendation, valuation, rhythm, risks.
$279.0M
Total raised · real
1
Rounds
Latest step-up
Top 3%
Sector rank · raised
Series D+
Latest stage · inferred · Mon Mar 08 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

LSF9 Balta Issuer S.a r.l. 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 1.80× the median modeled value of Series D+ Manufacturing companies in 2019–2021 (14 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.3 yr ago; this sector typically re-raises about every 12 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
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

LSF9 Balta Issuer S.a r.l. is one of 3256 Manufacturing companies tracked from LUXEMBOURG. By capital raised it ranks among the largest (ahead of 98% 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
Rule 506(b)
Reg D exemption
153
Investors (latest)
2021-03-08
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 D+ · 2021-03-08 Raised $279M (real) Modeled valuation $3.0B (est)$279M$3.0BSeries D+2021

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 D+$279.0M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, 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: 17%.

Modeled valuation trajectory
$3.0B
Base estimate est.
$1.6B
Conservative case
$6.1B
Upside case
$2.3B
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.

Not enough modeled valuation points to chart a trajectory.

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
5.3 yr
Elapsed time used
5.3 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
5.3 yr
On record since
2021
First round
1
Rounds on file
How it compares to the market

Benchmarked against 3256 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) 138× above median
This company$279.0M
Sector median$2.0M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 2.6× above median
This company$279.0M
Sector median$108.6M
Modeled value — vs sector median (estimate, all stages) 251× above median
This company$3.0B
Sector median$12.0M

Raised more than 98% 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. This company ranks #2 of 14.

This companyCohort peer
$100.0M$1.0B$10.0B$100.0M$1.0BCapital raised (log)Nikola Corp · Series D+ Raised $300.0M · modeled $3.2B (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)LSF9 Balta Issuer S.a r.l. (this company) Raised $279.0M · modeled $3.0B (est)LSF9 Balta Issuer S.a r.l.
CompanyStageRaised · realValue · estvs peer med.
Nikola CorpSeries D+$300.0M$3.2B1.90×
LSF9 Balta Issuer S.a r.l. this companySeries 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×
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 D+$279.0M2021-03-08$2.3B$3.0B90%
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 D+$279.0M2021-03-08
    • First recorded raise — entered as Series D+.
    • 153 investors on this round.
Intelligence
Modeled next raise
$446.5M
Modeled next size est.range $290.2M$714.3M
Last step-up
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
Amandine Philippe Le Floch2021-03
Cyrille Ragoucy2021-03
Jan-Christian Philippe Werner2021-03
Jean Philippe Kuhn2021-03
Registry & provenance

LSF9 Balta Issuer S.a r.l. 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
1850827
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
Bombas LLCManufacturingSeries D+$279.5M$937.1Msame sector · same stage
Coda Holdings, Inc.ManufacturingSeries D+$286.7M$244.9Msame sector · same stage
Picasso Parent Company, Inc.ManufacturingSeries D+$293.8M$3.3Bsame sector · same stage
BPCP NSA Holdings, Inc.ManufacturingSeries D+$264.9M$2.2Bsame sector · same stage
DJO Finance LLCManufacturingSeries D+$298.5M$3.4Bsame sector · same stage
CNL Strategic Capital, LLCManufacturingSeries D+$300.0M$569.4Msame sector · same stage
Nikola CorpManufacturingSeries D+$300.0M$3.2Bsame sector · same stage
ArrivalManufacturingSeries D+$303.0M$2.8Bsame 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
S Brand L.L.C.ManufacturingPre-Seed$12.2M79%
Lsi Industries IncManufacturingSeries A$13.6M78%
Sambazon IncManufacturingSeries C$660.1M77%
Parfait Holdings, Inc.ManufacturingPre-Seed$4.6M77%
TurbAero Group Pty LtdManufacturingSeed$2.7M77%
Compagnie De Saint GobainManufacturingSeries C$5.5M77%
LTA II Manufacturing, LLCManufacturingSeed$13.8M76%
S2A Investments 9, LLCManufacturingPre-Seed$2.1M76%
Frequently asked
How much funding has LSF9 Balta Issuer S.a r.l. raised?
LSF9 Balta Issuer S.a r.l. has raised approximately $279.0M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is LSF9 Balta Issuer S.a r.l.'s estimated valuation?
Provath's modeled valuation for LSF9 Balta Issuer S.a r.l. is approximately $3.0B (modeled range $1.6B–$6.1B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is LSF9 Balta Issuer S.a r.l. at?
LSF9 Balta Issuer S.a r.l.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Mon Mar 08.
What does LSF9 Balta Issuer S.a r.l. do and where is it based?
LSF9 Balta Issuer S.a r.l. operates in the Manufacturing sector, based in LUXEMBOURG.
Explore related

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