Diligence memo · auto-generated · as of July 2, 2026
Pelican TopCo LLC
Pelican TopCo LLC looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Pelican TopCo LLC operates in Manufacturing, based in New York.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Pelican TopCo LLC has raised $91M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $91M on 2019-08-01.
Most recent recorded round closed around 2019-08-01.
Valuation (modeled)modeled
Provath models Pelican TopCo LLC at approximately $1.0B (range $360M–$2.7B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.90× the median modeled value of Series C Manufacturing companies in 2019–2021 (19 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 6.9 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.
Comparablesmixed
Capital scale ranks ahead of 95% of Manufacturing peers (3257 compared).
Modeled value ranks above 97% of those peers.
Closest niche peers: ICM Holdco I Corp., Shaw Acquisitions Holdings, LLC, GCP HGR Holdings, Inc., Sambazon Inc, Madison Industries Holdings LLC.
Peoplefiled
4 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.