Companies · Manufacturing

Shell Rock Soy Processing LLC

SHELL ROCK · Manufacturing

Diligence memoA one-page analyst read on Shell Rock Soy Processing LLC — recommendation, valuation, rhythm, risks.
$155.0M
Total raised · real
2
Rounds
6.8×
Latest step-up
Top 4%
Sector rank · raised
Series D+
Latest stage · inferred · Fri Apr 16 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Shell Rock Soy Processing LLC looks fair 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.

Fair
  • Modeled value is 0.86× the median modeled value of Series D+ Manufacturing companies in 2019–2021 (14 peers) — value vs value, same stage and era.
  • Within the normal band (86% of peer median) for its niche.
Dormant
  • Last raise 5.2 yr ago; this sector typically re-raises about every 12 months.
  • Silent for over 3× the sector's normal cadence.

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

Issuer-vehicle patternmedium confidence

Shell Rock Soy Processing 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
5.8 yr record
Peak capital year was 2021 with $135.0M across 1 filings.
Market position
ahead of 97% of Manufacturing peers
Capital scale is ahead of 97% of Manufacturing peers; modeled value is above 98% 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 2021: $135.0M across 1 filings.
  • Largest single filing was $135.0M on 2021-04-16.
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.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
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

Shell Rock Soy Processing LLC is one of 3256 Manufacturing companies tracked from SHELL ROCK. By capital raised it ranks among the largest (ahead of 97% of sector peers), and among the largest 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(c)
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$500M$1.0B$1.5B$2.0BSeries B · 2020-09-22 Raised $20M (real) Modeled valuation $211M (est)$20M$211MSeries B2020Series D+ · 2021-04-16 Raised $135M (real) Modeled valuation $1.4B (est)$135M$1.4BSeries D+2021+$135MCumulative $155M

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 B$20.0M · 2020
Series D+$135.0M · 2021no Series C on file

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series C — 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
$1.4B
Base estimate est.
$780.3M
Conservative case
$2.9B
Upside case
$1.1B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the manufacturing sector profile. Directional, not a quoted figure.

Series B · modeled $210.7M · 2020-09-222020Series D+ · modeled $1.4B · 2021-04-162021
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
87%
Survival probability
69% low · 96% high
1.08×/yr
Annual markup
1.21×/yr upside case
5.2 yr
Elapsed time used
5.2 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
7 mo
Avg between rounds
$274.8M/yr
Capital velocity
5.8 yr
On record since
2020
First round
2
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) 76× above median
This company$155.0M
Sector median$2.0M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 1.2× above median
This company$135.0M
Sector median$108.6M
Modeled value — vs sector median (estimate, all stages) 120× above median
This company$1.4B
Sector median$12.0M

Raised more than 97% of sector peers (real $). Modeled value above 98% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) 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 #9 of 14.

This companyCohort peer
$100.0M$1.0B$10.0B$100.0M$1.0BCapital raised (log)Nikola Corp · Series D+ Raised $300.0M · modeled $3.2B (est)LSF9 Balta Issuer S.a r.l. · Series D+ Raised $279.0M · modeled $3.0B (est)Motional AD LLC · Series D+ Raised $239.7M · modeled $2.7B (est)NotCo Ltd · Series D+ Raised $358.0M · modeled $2.5B (est)Workhorse Group Inc. · Series D+ Raised $242.8M · modeled $2.2B (est)Garrett Motion Inc. · Series D+ Raised $179.3M · modeled $1.9B (est)Ppg Industries Inc · Series D+ Raised $154.2M · modeled $1.8B (est)LTN Industries, Inc · Series D+ Raised $150.0M · modeled $1.6B (est)AOT Packaging Products, L.P. · Series D+ Raised $131.5M · modeled $1.4B (est)CNL Strategic Capital, LLC · Series D+ Raised $300.0M · modeled $569.4M (est)Advanced Lighting Technologies, LLC · Series D+ Raised $192.7M · modeled $148.5M (est)Shell Rock Soy Processing LLC (this company) Raised $155.0M · modeled $1.4B (est)Shell Rock Soy Processing LLC
CompanyStageRaised · realValue · estvs peer med.
Nikola CorpSeries D+$300.0M$3.2B1.90×
LSF9 Balta Issuer S.a r.l.Series D+$279.0M$3.0B1.80×
Motional AD LLCSeries D+$239.7M$2.7B1.63×
NotCo LtdSeries D+$358.0M$2.5B1.47×
Workhorse Group Inc.Series D+$242.8M$2.2B1.33×
Garrett Motion Inc.Series D+$179.3M$1.9B1.14×
Ppg Industries IncSeries D+$154.2M$1.8B1.05×
LTN Industries, IncSeries D+$150.0M$1.6B0.95×
Shell Rock Soy Processing LLC this companySeries D+$155.0M$1.4B0.86×
AOT Packaging Products, L.P.Series D+$131.5M$1.4B0.85×
CNL Strategic Capital, LLCSeries D+$300.0M$569.4M0.34×
Advanced Lighting Technologies, LLCSeries D+$192.7M$148.5M0.09×
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 B$20.0M2020-09-22$111.1M$210.7M90%
Series D+$135.0M2021-04-16$1.1B$1.4B90%
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 B$20.0M2020-09-22
    • First recorded raise — entered as Series B.
    • 5 investors on this round.
  2. Series D+$135.0M2021-04-16
    • Came back fast: 7 mo vs the ~12 mo sector norm.
    • Round 6.8× larger than the prior — scaling up.
Intelligence
2021 ~Q4
Modeled next raise · ~7mo cadence
$405.0M
Modeled next size est.range $263.3M$648.0M
6.8×
Last step-up
$274.8M/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
MICHAEL KINLEY4 other2020-09
Bob Hogle2020-09
Mike Knobbe2020-09
Roland Fagen2021-04
Registry & provenance

Shell Rock Soy Processing 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
1843227
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
ACON Funko Investors I, L.L.C.ManufacturingSeries D+$155.0M$1.8Bsame sector · same stage
Ppg Industries IncManufacturingSeries D+$154.2M$1.8Bsame sector · same stage
Fisker Automotive IncManufacturingSeries D+$158.4M$1.1Bsame sector · same stage
Heligear Acquisition Co.ManufacturingSeries D+$160.0M$1.8Bsame sector · same stage
Graco IncManufacturingSeries D+$150.0M$1.7Bsame sector · same stage
LTN Industries, IncManufacturingSeries D+$150.0M$1.6Bsame sector · same stage
Weber-Stephen Products LLCManufacturingSeries D+$150.0M$1.7Bsame sector · same stage
Bedrock Manufacturing Company, LLCManufacturingSeries D+$161.0M$1.3Bsame 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
Castlerock Biofuels, LLCManufacturingSeries A$31.3M82%
Rock Fiber, Inc.ManufacturingSeed$4.2M81%
Nutrativa LLCManufacturingSeries A$49.9M80%
TR Processing LLCManufacturingSeries A$90.1M79%
Keytone Dairy Corp LtdManufacturingSeries A$111.1M79%
Natural Food Works, LLCManufacturingSeed$18.4M79%
Portland Pet Food CoManufacturingSeed$1.8M78%
KBH Partners, LLCManufacturingSeed$3.7M77%
Frequently asked
How much funding has Shell Rock Soy Processing LLC raised?
Shell Rock Soy Processing LLC has raised approximately $155.0M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Shell Rock Soy Processing LLC's estimated valuation?
Provath's modeled valuation for Shell Rock Soy Processing LLC is approximately $1.4B (modeled range $780.3M–$2.9B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Shell Rock Soy Processing LLC at?
Shell Rock Soy Processing LLC's latest modeled financing stage is Series D+. Its most recent recorded round closed around Fri Apr 16.
What does Shell Rock Soy Processing LLC do and where is it based?
Shell Rock Soy Processing LLC operates in the Manufacturing sector, based in SHELL ROCK.
Explore related

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