Companies · Mining & Resources

Silver Bay Seafoods-Kodiak, LLC

SITKA · Mining & Resources · refined from filed group “Other

Diligence memoA one-page analyst read on Silver Bay Seafoods-Kodiak, LLC — recommendation, valuation, rhythm, risks.
$19.2M
Total raised · real
4
Rounds
0.0×
Latest step-up
Top 12%
Sector rank · raised
Series A
Latest stage · inferred · Tue Dec 02 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Silver Bay Seafoods-Kodiak, LLC 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 extractive 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 0.03× the median modeled value of Series A Mining & Resources companies in 2025–2027 (40 peers) — value vs value, same stage and era.
Active
  • Last raise 7 mo ago; this sector typically re-raises about every 11 months.
  • Raising on or ahead of the sector's normal rhythm.

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

Issuer-vehicle patternmedium confidence

Silver Bay Seafoods-Kodiak, 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
5.3 yr record
Peak capital year was 2021 with $10.5M across 1 filings.
Market position
ahead of 89% of Mining & Resources peers
Capital scale is ahead of 89% of Mining & Resources peers; modeled value is above 9% 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: $10.5M across 1 filings.
  • Largest single filing was $10.5M on 2021-03-02.
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 Mining & Resources

Silver Bay Seafoods-Kodiak, LLC is one of 701 Mining & Resources companies tracked from SITKA. By capital raised it ranks in the upper tier (ahead of 89% 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
8
Investors (latest)
2025-12-02
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$13M$25M$38M$50MSeries A · 2021-03-02 Raised $11M (real) Modeled valuation $43M (est)$11M$43MSeries A2021Series A · 2022-11-28 Raised $4.8M (real) Modeled valuation $16M (est)$4.8M$16MSeries A2022Series A · 2023-06-27 Raised $3.8M (real) Modeled valuation $12M (est)$3.8M$12MSeries A2023Series A · 2025-12-02 Raised $135K (real) Modeled valuation $341K (est)$135K$341KSeries A2025+$4.8M+$3.8M+$135KCumulative $19M

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$10.5M · 2021
Series A extension$4.8M · 2022
Series A extension$3.8M · 2023
Series A extension$135K · 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
$341K
Base estimate est.
$175K
Conservative case
$531K
Upside case
$615K
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 extractive sector profile. Directional, not a quoted figure.

Series A · modeled $42.9M · 2021-03-022021Series A · modeled $16.3M · 2022-11-28Series A · modeled $12.3M · 2023-06-27Series A · modeled $341K · 2025-12-022025
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.11×/yr
Annual markup
1.39×/yr upside case
0.6 yr
Elapsed time used
0.6 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
19 mo
Avg between rounds
$4.0M/yr
Capital velocity
5.3 yr
On record since
2021
First round
4
Rounds on file
How it compares to the market

Benchmarked against 701 companies in Mining & Resources. 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) 8.3× above median
This company$19.2M
Sector median$2.3M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.0× of median
This company$135K
Sector median$4.2M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$341K
Sector median$2.5M

Raised more than 89% of sector peers (real $). Modeled value above 9% 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 #40 of 40.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Fortitude Gold Corp · Series A Raised $12.5M · modeled $29.6M (est)San Cristobal Mining Inc. · Series A Raised $17.2M · modeled $28.8M (est)Torngat Metals Ltd · Series A Raised $21.9M · modeled $27.1M (est)Rua Gold Inc. · Series A Raised $16.4M · modeled $25.0M (est)Red Metals, Inc. · Series A Raised $9.6M · modeled $23.7M (est)West Point Gold Corp. · Series A Raised $9.2M · modeled $21.3M (est)McFarlane Lake Mining Ltd · Series A Raised $7.9M · modeled $19.2M (est)Evolution Metals LLC · Series A Raised $7.2M · modeled $19.0M (est)Silverco Mining Ltd. · Series A Raised $7.7M · modeled $19.0M (est)Miedzi Copper Corp. · Series A Raised $10.7M · modeled $19.0M (est)Rise Gold Corp. · Series A Raised $20.9M · modeled $17.0M (est)TDG Gold Corp. · Series A Raised $6.6M · modeled $16.4M (est)Silver Bay Seafoods-Kodiak, LLC (this company) Raised $19.2M · modeled $341K (est)Silver Bay Seafoods-Kodiak, LLC
CompanyStageRaised · realValue · estvs peer med.
Fortitude Gold CorpSeries A$12.5M$29.6M2.41×
San Cristobal Mining Inc.Series A$17.2M$28.8M2.34×
Torngat Metals LtdSeries A$21.9M$27.1M2.20×
Rua Gold Inc.Series A$16.4M$25.0M2.03×
Red Metals, Inc.Series A$9.6M$23.7M1.93×
West Point Gold Corp.Series A$9.2M$21.3M1.73×
McFarlane Lake Mining LtdSeries A$7.9M$19.2M1.56×
Evolution Metals LLCSeries A$7.2M$19.0M1.54×
Silverco Mining Ltd.Series A$7.7M$19.0M1.54×
Miedzi Copper Corp.Series A$10.7M$19.0M1.54×
Rise Gold Corp.Series A$20.9M$17.0M1.38×
TDG Gold Corp.Series A$6.6M$16.4M1.33×
Silver Bay Seafoods-Kodiak, LLC this companySeries A$19.2M$341K0.03×
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$10.5M2021-03-02$47.7M$42.9M90%
Series A$4.8M2022-11-28$21.6M$16.3M90%
Series A$3.8M2023-06-27$17.3M$12.3M90%
Series A$135K2025-12-02$615K$341K90%
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$10.5M2021-03-02
    • First recorded raise — entered as Series A.
  2. Series A$4.8M2022-11-28
    • Raised again after 21 mo — slower than the ~11 mo sector norm.
    • Round 2.2× smaller than the prior — bridge or down round.
  3. Series A$3.8M2023-06-27
    • Raised 7 mo later, in step with the ~11 mo sector norm.
    • Round roughly the size of the prior one.
  4. Series A$135K2025-12-02
    • Raised again after 29 mo — slower than the ~11 mo sector norm.
    • Round 28.1× smaller than the prior — bridge or down round.
    • 8 investors on this round.
Intelligence
2027 ~Q3
Modeled next raise · ~19mo cadence
$135K
Modeled next size est.range $135K$216K
0.0×
Last step-up
$4.0M/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
Erik Menten5 other2022-11
N/A Silver Bay Seafoods, L.L.C.5 other2022-11
Troy Denkinger5 other2022-11
Robert Zuanich4 other2022-11
. Silver Bay Seafoods, L.L.C.3 other2021-03
Erik Robert Menten2021-03
Mitch Keplinger2022-11
Mitch Seafoods Keplinger2021-03
Peter Alexson2022-11
Pete Seafoods Alexson2021-03
Robert Seafoods Zuanich2021-03
Troy Seafoods Denkinger2021-03
Registry & provenance

Silver Bay Seafoods-Kodiak, 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
1848184
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
Silver Bay Seafoods-Southeast, LLCMining & ResourcesSeries B$32.8M$653Knetwork5 shared operators · same sector
Silver Bay Seafoods - Naknek, LLCMining & ResourcesPre-Seed$1.0M$367Knetwork5 shared operators · same sector
Silver Bay Seafoods - Valdez, LLCMining & ResourcesSeries B$22.2M$500Knetwork4 shared operators · same sector
Silver Bay Seafoods-False Pass, LLCMining & ResourcesSeed$1.7M$296Knetwork4 shared operators · same sector
Silver Bay Seafoods-California, LLCMining & ResourcesPre-Seed$630K$2.4Mnetwork4 shared operators · same sector
GoviEx Uranium Inc.Mining & ResourcesSeries A$18.9M$968Ksame sector · same stage
Desert Hawk Gold Corp.Mining & ResourcesSeries A$18.7M$440Ksame sector · same stage
Western Uranium & Vanadium Corp.Mining & ResourcesSeries A$20.5M$3.0Msame 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
Silver Bay Seafoods - Naknek, LLCMining & ResourcesPre-Seed$367K94%
Silver Bay Seafoods - Valdez, LLCMining & ResourcesSeries B$500K92%
Silver Bay Seafoods-California, LLCMining & ResourcesPre-Seed$2.4M92%
Silver Bay Seafoods-Southeast, LLCMining & ResourcesSeries B$653K92%
Silver Bay Seafoods-False Pass, LLCMining & ResourcesSeed$296K89%
Kootenay Silver Inc.Mining & ResourcesSeed$1.3M78%
Kingfisher Metals Corp.Mining & ResourcesPre-Seed$1.6M76%
Silverstock Metals Inc.Mining & ResourcesPre-Seed$346K76%
Frequently asked
How much funding has Silver Bay Seafoods-Kodiak, LLC raised?
Silver Bay Seafoods-Kodiak, LLC has raised approximately $19.2M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Silver Bay Seafoods-Kodiak, LLC's estimated valuation?
Provath's modeled valuation for Silver Bay Seafoods-Kodiak, LLC is approximately $341K (modeled range $175K–$531K). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Silver Bay Seafoods-Kodiak, LLC at?
Silver Bay Seafoods-Kodiak, LLC's latest modeled financing stage is Series A. Its most recent recorded round closed around Tue Dec 02.
What does Silver Bay Seafoods-Kodiak, LLC do and where is it based?
Silver Bay Seafoods-Kodiak, LLC operates in the Mining & Resources sector, based in SITKA.
Explore related

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