Companies · Manufacturing

Northern Plains Nitrogen, LLP

Grand Forks · Manufacturing

Diligence memoA one-page analyst read on Northern Plains Nitrogen, LLP — recommendation, valuation, rhythm, risks.
$4.4M
Total raised · real
4
Rounds
0.2×
Latest step-up
Top 37%
Sector rank · raised
Series A
Latest stage · inferred · Sat Apr 05 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Northern Plains Nitrogen, LLP looks under-valued against its niche peers and is active 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.

Under-valued
  • Modeled value is 0.08× the median modeled value of Series A Manufacturing companies in 2025–2027 (62 peers) — value vs value, same stage and era.
Active
  • Last raise 15 mo ago; this sector typically re-raises about every 12 months.
  • Raising on or ahead of the sector's normal rhythm.
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

Northern Plains Nitrogen, LLP is one of 3257 Manufacturing companies tracked from Grand Forks. By capital raised it ranks mid-pack (ahead of 64% of sector peers), and in the long tail 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
19
Investors (latest)
2025-04-05
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$25M$50M$75M$100MSeries A · 2013-07-01 Raised $9.0M (real) Modeled valuation $90M (est)$9.0M$90MSeries A2013Seed · 2013-07-01 Raised $1.5M (real) Modeled valuation $18M (est)$1.5M$18MSeed2013Series A · 2013-08-01 Raised $895K (real) Modeled valuation $8.9M (est)$895K$8.9MSeries A2013Series A · 2014-07-01 Raised $1.6M (real) Modeled valuation $16M (est)$1.6M$16MSeries A2014Series A · 2025-04-05 Raised $370K (real) Modeled valuation $1.3M (est)$370K$1.3MSeries A2025+$1.5M+$895K+$1.6M+$370KCumulative $13M

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 A$9.0M · 2013
Bridge · Series A-stage$1.5M · 2013smaller follow-on
Series A extension$895K · 2013
Series A extension$1.6M · 2014
Series A extension$370K · 2025

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: 67%.

Modeled valuation trajectory
$1.3M
Base estimate est.
$515K
Conservative case
$2.3M
Upside case
$1.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the manufacturing sector profile. Directional, not a quoted figure.

Series A · modeled $89.9M · 2013-07-012013Seed · modeled $18.4M · 2013-07-01Series A · modeled $8.9M · 2013-08-01Series A · modeled $16.3M · 2014-07-01Series A · modeled $1.3M · 2025-04-052025
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
56%
Survival probability
31% low · 77% high
1.26×/yr
Annual markup
1.58×/yr upside case
1.2 yr
Elapsed time used
1.2 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
35 mo
Avg between rounds
$374K/yr
Capital velocity
13.0 yr
On record since
2013
First round
5
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) 2.2× above median
This company$4.4M
Sector median$2.0M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.1× of median
This company$370K
Sector median$5.3M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$1.3M
Sector median$12.0M

Raised more than 64% of sector peers (real $). Modeled value above 6% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #61 of 62.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Island Hedley Parent LLC · Series A Raised $13.8M · modeled $41.4M (est)Salt Lake City Distillery, Llc · Series A Raised $43.3M · modeled $37.9M (est)Bespoken Spirits Inc. · Series A Raised $18.5M · modeled $37.4M (est)AiTA Bio Inc. · Series A Raised $10.0M · modeled $35.6M (est)C-Motive Technologies, Inc. · Series A Raised $26.1M · modeled $35.1M (est)Hheli. Llc · Series A Raised $11.4M · modeled $32.6M (est)Brother Justus Whiskey Co. · Series A Raised $22.8M · modeled $31.4M (est)Pallet SPC · Series A Raised $34.4M · modeled $31.4M (est)Foundry Lab, Inc. · Series A Raised $17.7M · modeled $31.0M (est)JWC Gburg LLC · Series A Raised $9.2M · modeled $30.4M (est)NALA Membranes, Inc. · Series A Raised $14.2M · modeled $30.3M (est)WarpForge Pty Ltd · Series A Raised $10.2M · modeled $29.2M (est)Northern Plains Nitrogen, LLP (this company) Raised $4.4M · modeled $1.3M (est)Northern Plains Nitrogen, LLP
CompanyStageRaised · realValue · estvs peer med.
Island Hedley Parent LLCSeries A$13.8M$41.4M2.55×
Salt Lake City Distillery, LlcSeries A$43.3M$37.9M2.34×
Bespoken Spirits Inc.Series A$18.5M$37.4M2.30×
AiTA Bio Inc.Series A$10.0M$35.6M2.19×
C-Motive Technologies, Inc.Series A$26.1M$35.1M2.16×
Hheli. LlcSeries A$11.4M$32.6M2.01×
Brother Justus Whiskey Co.Series A$22.8M$31.4M1.94×
Pallet SPCSeries A$34.4M$31.4M1.93×
Foundry Lab, Inc.Series A$17.7M$31.0M1.91×
JWC Gburg LLCSeries A$9.2M$30.4M1.87×
NALA Membranes, Inc.Series A$14.2M$30.3M1.86×
WarpForge Pty LtdSeries A$10.2M$29.2M1.80×
Northern Plains Nitrogen, LLP this companySeries A$4.4M$1.3M0.08×
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 A$9.0M2013-07-01$40.9M$89.9M85%
Seed$1.5M2013-07-01$7.5M$18.4M85%
Series A$895K2013-08-01$4.1M$8.9M85%
Series A$1.6M2014-07-01$7.4M$16.3M85%
Series A$370K2025-04-05$1.7M$1.3M90%
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 A$9.0M2013-07-01
    • First recorded raise — entered as Series A.
  2. Seed$1.5M2013-07-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 6.0× smaller than the prior — bridge or down round.
  3. Series A$895K2013-08-01
    • Came back fast: 1 mo vs the ~12 mo sector norm.
    • Round 1.7× smaller than the prior — bridge or down round.
    • Switched to Rule 506(c) (was Rule 06).
    • 40 investors on this round.
  4. Series A$1.6M2014-07-01
    • Raised 11 mo later, in step with the ~12 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 506(c)).
  5. Series A$370K2025-04-05
    • Raised again after 129 mo — slower than the ~12 mo sector norm.
    • Round 4.4× smaller than the prior — bridge or down round.
    • 19 investors on this round.
Intelligence
2028 ~Q1
Modeled next raise · ~35mo cadence
$370K
Modeled next size est.range $370K$592K
0.2×
Last step-up
$374K/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
William A Owens5 other2013-07
David Bednar1 other2013-07
Bill Whipple2013-07
Brian M Wallace2014-07
Craig L. Siiro2025-04
Darin Anderson2013-07
Darin L. Anderson2025-04
David L. Bednar2025-04
Don Pottinger2013-07
Douglas M Stone2013-07
Duane Dows2013-07
Duane L. Dows2025-04
Eugene Setka2013-07
Larry Hoffmann2013-07
Larry L. Hoffman2025-04
Larry Mackie2013-07
Michael L. Traxinger2025-04
William L. Owens2025-04
Registry & provenance

Northern Plains Nitrogen, LLP 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
1568184
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
Peak Ski Company, LLCManufacturingSeries A$4.3M$690Ksame sector · same stage
Mainstem Malt, SPCManufacturingSeries A$5.1M$999Ksame sector · same stage
Pyran, Inc.ManufacturingSeries A$7.1M$621Ksame sector · same stage
Better Booch Inc.ManufacturingSeries A$7.9M$819Ksame sector · same stage
3Rc/Mpc, LlcManufacturingSeries A$8.6M$2.0Msame sector · same stage
Trutankless, Inc.ManufacturingSeed$4.4M$1.1Msame sector
Tagnetics, Inc.ManufacturingSeries A$12.9M$2.0Msame sector · same stage
Hempacco Co., Inc.ManufacturingSeed$4.2M$2.0Msame 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
Northern Feed & Bean, Inc.AgricultureSeries A$52.1M85%
Greenfield Nitrogen, L.L.C.ManufacturingSeries D+$34.2M85%
NW Boiler Holdings LLCManufacturingSeed$11.8M85%
NT Ventures, Inc.ManufacturingSeed$3.1M84%
North Arrow Enterprises, LLCManufacturingPre-Seed$1.5M84%
National Molding, LlcManufacturingSeries A$21.6M83%
R&N Manufacturing, LlcManufacturingPre-Seed$1.3M82%
Northeastern Biochar Solutions LLCManufacturingSeed$5.9M82%
Frequently asked
How much funding has Northern Plains Nitrogen, LLP raised?
Northern Plains Nitrogen, LLP has raised approximately $4.4M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Northern Plains Nitrogen, LLP's estimated valuation?
Provath's modeled valuation for Northern Plains Nitrogen, LLP is approximately $1.3M (modeled range $515K–$2.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Northern Plains Nitrogen, LLP at?
Northern Plains Nitrogen, LLP's latest modeled financing stage is Series A. Its most recent recorded round closed around Sat Apr 05.
What does Northern Plains Nitrogen, LLP do and where is it based?
Northern Plains Nitrogen, LLP operates in the Manufacturing sector, based in Grand Forks.
Explore related

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