Companies · Manufacturing

Next Level Cartridge Company, LLC

POST FALLS · Manufacturing

Diligence memoA one-page analyst read on Next Level Cartridge Company, LLC — recommendation, valuation, rhythm, risks.
$3.0M
Total raised · real
1
Rounds
Latest step-up
Top 43%
Sector rank · raised
Seed
Latest stage · inferred · Fri Oct 14 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Next Level Cartridge Company, LLC 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 2.19× the median modeled value of Seed Manufacturing companies in 2022–2024 (161 peers) — value vs value, same stage and era.
  • Issuer reports no revenue, yet is modeled well above niche peers.
Dormant
  • Last raise 3.7 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.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Next Level Cartridge Company, LLC 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
3.7 yr record
Peak capital year was 2022 with $3.0M across 1 filings.
Market position
ahead of 58% of Manufacturing peers
Capital scale is ahead of 58% of Manufacturing peers; modeled value is above 63% 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 2022: $3.0M across 1 filings.
  • Largest single filing was $3.0M on 2022-10-14.
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.
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

Next Level Cartridge Company, LLC is one of 3257 Manufacturing companies tracked from POST FALLS. By capital raised it ranks mid-pack (ahead of 58% 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
No revenue
Issuer revenue
Rule 506(b)
Reg D exemption
2020
Year incorporated
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 · 2022-10-14 Raised $3.0M (real) Modeled valuation $19M (est)$3.0M$19MSeed2022

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$3.0M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$18.6M
Base estimate est.
$2.8M
Conservative case
$78.6M
Upside case
$15.0M
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 manufacturing sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
41%
Survival probability
18% low · 63% high
1.35×/yr
Annual markup
1.77×/yr upside case
3.7 yr
Elapsed time used
3.7 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
3.7 yr
On record since
2022
First round
1
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) 1.5× above median
This company$3.0M
Sector median$2.0M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.9× above median
This company$3.0M
Sector median$1.6M
Modeled value — vs sector median (estimate, all stages) 1.5× above median
This company$18.6M
Sector median$12.0M

Raised more than 58% of sector peers (real $). Modeled value above 63% 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 #14 of 161.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0MCapital raised (log)Three Rivers Preferred Group LLC · Seed Raised $4.0M · modeled $29.6M (est)Thelma's, L.L.C. · Seed Raised $3.8M · modeled $27.7M (est)Mills Products, LLC · Seed Raised $3.8M · modeled $26.2M (est)Unity Laundry Systems Corp · Seed Raised $4.0M · modeled $25.8M (est)Ohio Heat Holdings LLC · Seed Raised $3.8M · modeled $25.6M (est)VMC Acquisition Co LLC · Seed Raised $2.9M · modeled $21.8M (est)LightningCath, Inc. · Seed Raised $3.0M · modeled $21.6M (est)Smede Son Holding Co LLC · Seed Raised $3.6M · modeled $20.9M (est)Total Advantage LLC · Seed Raised $3.5M · modeled $20.4M (est)Applied Bioplastics Corp. · Seed Raised $4.0M · modeled $20.3M (est)World Matcha Inc. · Seed Raised $5.6M · modeled $19.7M (est)Cotsworks, Inc. · Seed Raised $2.9M · modeled $19.6M (est)Next Level Cartridge Company, LLC (this company) Raised $3.0M · modeled $18.6M (est)Next Level Cartridge Company, LLC
CompanyStageRaised · realValue · estvs peer med.
Three Rivers Preferred Group LLCSeed$4.0M$29.6M3.49×
Thelma's, L.L.C.Seed$3.8M$27.7M3.26×
Mills Products, LLCSeed$3.8M$26.2M3.09×
Unity Laundry Systems CorpSeed$4.0M$25.8M3.04×
Ohio Heat Holdings LLCSeed$3.8M$25.6M3.01×
VMC Acquisition Co LLCSeed$2.9M$21.8M2.56×
LightningCath, Inc.Seed$3.0M$21.6M2.55×
Smede Son Holding Co LLCSeed$3.6M$20.9M2.47×
Total Advantage LLCSeed$3.5M$20.4M2.40×
Applied Bioplastics Corp.Seed$4.0M$20.3M2.40×
World Matcha Inc.Seed$5.6M$19.7M2.32×
Cotsworks, Inc.Seed$2.9M$19.6M2.31×
Next Level Cartridge Company, LLC this companySeed$3.0M$18.6M2.19×
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$3.0M2022-10-14$15.0M$18.6M90%
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. Seed$3.0M2022-10-14
    • First recorded raise — entered as Seed.
Intelligence
Modeled next raise
$4.8M
Modeled next size est.range $3.1M$7.7M
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
Sean Ruggiero1 other2022-10
Joshua Mahnke2022-10
Registry & provenance

Next Level Cartridge Company, LLC 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
1950578
SEC CIK
2020
Incorporated
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
American Micro Products, Inc.ManufacturingSeed$3.0M$18.4Msame sector · same stage
LightningCath, Inc.ManufacturingSeed$3.0M$21.6Msame sector · same stage
Apparo Inc.ManufacturingSeed$3.0M$14.2Msame sector · same stage
PenBlade, Inc.ManufacturingSeed$3.0M$18.8Msame sector · same stage
Legacy Paddlesports LlcManufacturingSeed$3.0M$22.2Msame sector · same stage
Cotsworks, Inc.ManufacturingSeed$2.9M$19.6Msame sector · same stage
Clarke Industrial Engineering IncManufacturingSeed$3.1M$15.5Msame sector · same stage
Supreme Industries IncManufacturingSeed$2.9M$22.0Msame 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
Next Century Spirits LLCManufacturingSeries A$59.8M81%
Next Marine Solutions, Inc.ManufacturingPre-Seed$7.3M80%
Particle Works, Inc.ManufacturingSeries C$569.7M79%
Printed Farms, LLCManufacturingPre-Seed$984K79%
SoFab Inks Inc.ManufacturingPre-Seed$3.6M79%
KPI Acquisition Co LLCManufacturingSeries A$142.3M78%
Jasper Pellets, LLCManufacturingSeed$16.7M78%
TPEG Donnelly Investors LLCManufacturingSeries A$91.6M78%
Frequently asked
How much funding has Next Level Cartridge Company, LLC raised?
Next Level Cartridge Company, LLC has raised approximately $3.0M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Next Level Cartridge Company, LLC's estimated valuation?
Provath's modeled valuation for Next Level Cartridge Company, LLC is approximately $18.6M (modeled range $2.8M–$78.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Next Level Cartridge Company, LLC at?
Next Level Cartridge Company, LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Oct 14.
What does Next Level Cartridge Company, LLC do and where is it based?
Next Level Cartridge Company, LLC operates in the Manufacturing sector, based in POST FALLS.
Explore related

See where Next Level Cartridge Company, LLC sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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