Companies · Manufacturing

Pennpak Solutions Inc.

BETHLEHEM · Manufacturing

Diligence memoA one-page analyst read on Pennpak Solutions Inc. — recommendation, valuation, rhythm, risks.
$26.7M
Total raised · real
6
Rounds
0.7×
Latest step-up
Top 12%
Sector rank · raised
Series A
Latest stage · inferred · Tue Mar 25 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Pennpak Solutions Inc. looks under-valued against its niche peers and is quiet 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 0.49× the median modeled value of Series A Manufacturing companies in 2025–2027 (62 peers) — value vs value, same stage and era.
Quiet
  • Last raise 15 mo ago; this sector typically re-raises about every 12 months.
  • Slightly overdue versus sector cadence.
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

Pennpak Solutions Inc. is one of 3256 Manufacturing companies tracked from BETHLEHEM. By capital raised it ranks in the upper tier (ahead of 89% 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
5
Investors (latest)
2022
Year incorporated
2025-03-25
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 · 2022-06-30 Raised $12M (real) Modeled valuation $73M (est)$12M$73MSeries A2022Series A · 2023-05-17 Raised $3.0M (real) Modeled valuation $16M (est)$3.0M$16MSeries A2023Series A · 2024-04-10 Raised $4.6M (real) Modeled valuation $19M (est)$4.6M$19MSeries A2024Series A · 2024-08-02 Raised $1.8M (real) Modeled valuation $7.1M (est)$1.8M$7.1MSeries A2024Series A · 2024-11-01 Raised $3.5M (real) Modeled valuation $13M (est)$3.5M$13MSeries A2024Series A · 2025-03-25 Raised $2.3M (real) Modeled valuation $7.9M (est)$2.3M$7.9MSeries A2025+$3.0M+$4.6M+$1.8M+$3.5M+$2.3MCumulative $27M

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$11.5M · 2022
Series A extension$3.0M · 2023
Series A extension$4.6M · 2024
Series A extension$1.8M · 2024
Series A extension$3.5M · 2024
Series A extension$2.3M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$7.9M
Base estimate est.
$3.2M
Conservative case
$14.5M
Upside case
$10.6M
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 $72.9M · 2022-06-302022Series A · modeled $15.6M · 2023-05-17Series A · modeled $19.5M · 2024-04-10Series A · modeled $7.1M · 2024-08-02Series A · modeled $13.0M · 2024-11-01Series A · modeled $7.9M · 2025-03-252025
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
1.3 yr
Elapsed time used
1.3 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
7 mo
Avg between rounds
$9.8M/yr
Capital velocity
4.0 yr
On record since
2022
First round
6
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) 13× above median
This company$26.7M
Sector median$2.0M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.4× of median
This company$2.3M
Sector median$5.3M
Modeled value — vs sector median (estimate, all stages) 0.7× of median
This company$7.9M
Sector median$12.0M

Raised more than 89% of sector peers (real $). Modeled value above 41% 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 #50 of 62.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Island Hedley Parent LLC · Series A Raised $13.8M · modeled $41.3M (est)Salt Lake City Distillery, Llc · Series A Raised $43.3M · modeled $37.9M (est)Bespoken Spirits Inc. · Series A Raised $18.5M · modeled $37.3M (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)Pennpak Solutions Inc. (this company) Raised $26.7M · modeled $7.9M (est)Pennpak Solutions Inc.
CompanyStageRaised · realValue · estvs peer med.
Island Hedley Parent LLCSeries A$13.8M$41.3M2.55×
Salt Lake City Distillery, LlcSeries A$43.3M$37.9M2.34×
Bespoken Spirits Inc.Series A$18.5M$37.3M2.30×
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×
Pennpak Solutions Inc. this companySeries A$26.7M$7.9M0.49×
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$11.5M2022-06-30$52.3M$72.9M90%
Series A$3.0M2023-05-17$13.6M$15.6M90%
Series A$4.6M2024-04-10$20.9M$19.5M90%
Series A$1.8M2024-08-02$8.2M$7.1M90%
Series A$3.5M2024-11-01$15.9M$13.0M90%
Series A$2.3M2025-03-25$10.6M$7.9M90%
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. Series A$11.5M2022-06-30
    • First recorded raise — entered as Series A.
    • 5 investors on this round.
  2. Series A$3.0M2023-05-17
    • Raised 11 mo later, in step with the ~12 mo sector norm.
    • Round 3.8× smaller than the prior — bridge or down round.
    • 6 investors on this round.
  3. Series A$4.6M2024-04-10
    • Raised 11 mo later, in step with the ~12 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 6 investors on this round.
  4. Series A$1.8M2024-08-02
    • Came back fast: 4 mo vs the ~12 mo sector norm.
    • Round 2.6× smaller than the prior — bridge or down round.
    • 6 investors on this round.
  5. Series A$3.5M2024-11-01
    • Came back fast: 3 mo vs the ~12 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 7 investors on this round.
  6. Series A$2.3M2025-03-25
    • Came back fast: 5 mo vs the ~12 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 5 investors on this round.
Intelligence
2025 ~Q4
Modeled next raise · ~7mo cadence
$2.3M
Modeled next size est.range $2.3M$3.7M
0.7×
Last step-up
$9.8M/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
Richard Thompson16 other2022-06
Keith Caldwell5 other2022-06
Tim Pollak3 other2023-05
Fernando Bolanos2 other2023-05
Ira Steinberg1 other2023-05
Registry & provenance

Pennpak Solutions 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
1938283
SEC CIK
2022
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
Roar Beverages, Inc.Food & BeverageSeries A$35.1M$49.0Mnetwork3 shared operators · same stage
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World Food Holdings, LLCManufacturingSeries A$15.0M$149.8Mnetwork1 shared operator · same sector · same stage
Stuffed Puffs, LLCOtherSeries C$151.7M$49.9Mnetwork3 shared operators
Bite Tech, IncManufacturingSeries A$28.5M$8.7Msame sector · same stage
Aero-X Golf, Inc.ManufacturingSeries A$24.2M$7.6Msame sector · same stage
Pur Valley Holdings Inc.OtherPre-Seed$800K$2.5Mnetwork3 shared operators
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
Innopak Holdings, LLCManufacturingSeries C$536.5M82%
Parfait Holdings, Inc.ManufacturingPre-Seed$4.6M82%
P&THE Manufacturing Acquisition LLCManufacturingPre-Seed$4.4M81%
Pison Stream Solutions Inc.ManufacturingSeed$1.1M81%
KPI Acquisition Co LLCManufacturingSeries A$142.3M81%
PPA Holdings, Inc.ManufacturingSeries C$503.5M81%
Araknode IncManufacturingPre-Seed$338K81%
Phoam Labs, Inc.ManufacturingPre-Seed$2.7M80%
Frequently asked
How much funding has Pennpak Solutions Inc. raised?
Pennpak Solutions Inc. has raised approximately $26.7M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Pennpak Solutions Inc.'s estimated valuation?
Provath's modeled valuation for Pennpak Solutions Inc. is approximately $7.9M (modeled range $3.2M–$14.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Pennpak Solutions Inc. at?
Pennpak Solutions Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Tue Mar 25.
What does Pennpak Solutions Inc. do and where is it based?
Pennpak Solutions Inc. operates in the Manufacturing sector, based in BETHLEHEM.
Explore related

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

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