Diligence memo · auto-generated · as of July 2, 2026
Scranton Iron Inc.
Scranton Iron Inc. looks under-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
Scranton Iron Inc. operates in Other Energy, based in Hibbing.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Scranton Iron Inc. has raised $7.0M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $3.7M on 2021-03-24.
Most recent recorded round closed around 2023-02-07.
Valuation (modeled)modeled
Provath models Scranton Iron Inc. at approximately $4.2M (range $641K–$16M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.52× the median modeled value of Seed Other Energy companies in 2022–2024 (73 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 11 months.
Last raise 3.4 yr ago; this sector typically re-raises about every 12 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round was 3.3× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 63% of Other Energy peers (2049 compared).
Modeled value ranks above 22% of those peers.
Closest niche peers: Mes Investors, Llc, Zero Emission Industries, Inc., IntriEnergy, Inc., Quino Energy, Inc., GeoGenCo USA LLC.
Peoplefiled
4 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.