Companies · Mining & Resources

Silver Bay Seafoods - Valdez, LLC

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

Diligence memoA one-page analyst read on Silver Bay Seafoods - Valdez, LLC — recommendation, valuation, rhythm, risks.
$22.2M
Total raised · real
4
Rounds
0.3×
Latest step-up
Top 10%
Sector rank · raised
Series B
Latest stage · inferred · Wed Nov 19 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Silver Bay Seafoods - Valdez, 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 0.01× the median modeled value of Series B Mining & Resources companies in 2025–2027 (15 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 - Valdez, 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
11.0 yr record
Peak capital year was 2015 with $21.0M across 1 filings.
Market position
ahead of 91% of Mining & Resources peers
Capital scale is ahead of 91% of Mining & Resources peers; modeled value is above 16% 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 2015: $21.0M across 1 filings.
  • Largest single filing was $21.0M on 2015-07-01.
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 - Valdez, LLC is one of 701 Mining & Resources companies tracked from SITKA. By capital raised it ranks among the largest (ahead of 91% 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
12
Investors (latest)
2025-11-19
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$50M$100M$150M$200MSeries B · 2015-07-01 Raised $21M (real) Modeled valuation $101M (est)$21M$101MSeries B2015Series B · 2021-06-08 Raised $570K (real) Modeled valuation $2.6M (est)$570K$2.6MSeries B2021Series B · 2022-11-28 Raised $500K (real) Modeled valuation $2.1M (est)$500K$2.1MSeries B2022Series B · 2025-11-19 Raised $135K (real) Modeled valuation $500K (est)$135K$500KSeries B2025+$570K+$500K+$135KCumulative $22M

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$21.0M · 2015
Series B extension$570K · 2021
Series B extension$500K · 2022
Series B extension$135K · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$500K
Base estimate est.
$321K
Conservative case
$686K
Upside case
$751K
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.

Series B · modeled $100.8M · 2015-07-012015Series B · modeled $2.6M · 2021-06-08Series B · modeled $2.1M · 2022-11-28Series B · modeled $500K · 2025-11-192025
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
65%
Survival probability
43% low · 79% high
1.05×/yr
Annual markup
1.27×/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
42 mo
Avg between rounds
$2.1M/yr
Capital velocity
11.0 yr
On record since
2015
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) 9.7× above median
This company$22.2M
Sector median$2.3M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.0× of median
This company$135K
Sector median$6.3M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$500K
Sector median$2.5M

Raised more than 91% of sector peers (real $). Modeled value above 16% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #15 of 15.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Firefly Minerals, LLC · Series B Raised $37.5M · modeled $137.7M (est)Tectonic Metals Inc. · Series B Raised $61.5M · modeled $128.2M (est)U.S. Gold Corp. · Series B Raised $56.6M · modeled $115.0M (est)Critical Metals Corp. · Series B Raised $24.6M · modeled $94.3M (est)NGEx Minerals Ltd. · Series B Raised $23.9M · modeled $85.1M (est)Bunker Hill Mining Corp. · Series B Raised $95.2M · modeled $76.7M (est)Mohave Verde Metals LLC · Series B Raised $20.0M · modeled $75.8M (est)Channing Street Copper Co · Series B Raised $31.0M · modeled $75.0M (est)MCC Mining Corp · Series B Raised $41.1M · modeled $64.0M (est)International Tower Hill Mines Ltd · Series B Raised $96.9M · modeled $15.1M (est)Lost River Mining, Inc. · Series B Raised $51.2M · modeled $13.0M (est)Western Alaska Minerals Corp. · Series B Raised $28.0M · modeled $4.6M (est)Silver Bay Seafoods - Valdez, LLC (this company) Raised $22.2M · modeled $500K (est)Silver Bay Seafoods - Valdez, LLC
CompanyStageRaised · realValue · estvs peer med.
Firefly Minerals, LLCSeries B$37.5M$137.7M1.84×
Tectonic Metals Inc.Series B$61.5M$128.2M1.71×
U.S. Gold Corp.Series B$56.6M$115.0M1.53×
Critical Metals Corp.Series B$24.6M$94.3M1.26×
NGEx Minerals Ltd.Series B$23.9M$85.1M1.14×
Bunker Hill Mining Corp.Series B$95.2M$76.7M1.02×
Mohave Verde Metals LLCSeries B$20.0M$75.8M1.01×
Channing Street Copper CoSeries B$31.0M$75.0M1.00×
MCC Mining CorpSeries B$41.1M$64.0M0.85×
International Tower Hill Mines LtdSeries B$96.9M$15.1M0.20×
Lost River Mining, Inc.Series B$51.2M$13.0M0.17×
Western Alaska Minerals Corp.Series B$28.0M$4.6M0.06×
Silver Bay Seafoods - Valdez, LLC this companySeries B$22.2M$500K0.01×
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$21.0M2015-07-01$116.7M$100.8M85%
Series B$570K2021-06-08$3.2M$2.6M90%
Series B$500K2022-11-28$2.8M$2.1M90%
Series B$135K2025-11-19$751K$500K90%
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$21.0M2015-07-01
    • First recorded raise — entered as Series B.
  2. Series B$570K2021-06-08
    • Raised again after 71 mo — slower than the ~11 mo sector norm.
    • Round 36.8× smaller than the prior — bridge or down round.
  3. Series B$500K2022-11-28
    • Raised again after 18 mo — slower than the ~11 mo sector norm.
    • Round roughly the size of the prior one.
  4. Series B$135K2025-11-19
    • Raised again after 36 mo — slower than the ~11 mo sector norm.
    • Round 3.7× smaller than the prior — bridge or down round.
    • 12 investors on this round.
Intelligence
2029 ~Q2
Modeled next raise · ~42mo cadence
$135K
Modeled next size est.range $135K$216K
0.3×
Last step-up
$2.1M/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
Robert Nelson6 other2021-06
Erik Menten5 other2021-06
N/A Silver Bay Seafoods, L.L.C.5 other2022-11
Troy Denkinger5 other2021-06
. Silver Bay Seafoods, L.L.C.3 other2021-06
Richard Riggs2 other2021-06
Robert Phillip Zuanich2015-07
Steve Feenstra2022-11
Steven Feenstra2021-06
Troy Robert Denkinger2015-07
Registry & provenance

Silver Bay Seafoods - Valdez, 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
1639701
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$652Knetwork4 shared operators · same sector · same stage
Silver Bay Seafoods - Naknek, LLCMining & ResourcesPre-Seed$1.0M$367Knetwork5 shared operators · same sector
Silver Bay Seafoods-Kodiak, LLCMining & ResourcesSeries A$19.2M$341Knetwork4 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$2.4Mnetwork3 shared operators · same sector
Uranium Energy CorpMining & ResourcesSeries B$23.2M$407Ksame sector · same stage
MindImmune Therapeutics, Inc.PharmaceuticalsSeries B$21.3M$61.2Mnetwork1 shared operator · same stage
Lion One Metals Ltd.Mining & ResourcesSeries B$41.8M$581Ksame 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-California, LLCMining & ResourcesPre-Seed$2.4M94%
Silver Bay Seafoods - Naknek, LLCMining & ResourcesPre-Seed$367K94%
Silver Bay Seafoods-Kodiak, LLCMining & ResourcesSeries A$341K92%
Silver Bay Seafoods-Southeast, LLCMining & ResourcesSeries B$652K92%
Silver Bay Seafoods-False Pass, LLCMining & ResourcesSeed$296K90%
Silverstock Metals Inc.Mining & ResourcesPre-Seed$345K78%
Silver Tiger Metals Inc.Mining & ResourcesSeries A$25.1M77%
SilverCrest Metals Inc.Mining & ResourcesSeries A$17.5M77%
Frequently asked
How much funding has Silver Bay Seafoods - Valdez, LLC raised?
Silver Bay Seafoods - Valdez, LLC has raised approximately $22.2M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Silver Bay Seafoods - Valdez, LLC's estimated valuation?
Provath's modeled valuation for Silver Bay Seafoods - Valdez, LLC is approximately $500K (modeled range $321K–$686K). 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 - Valdez, LLC at?
Silver Bay Seafoods - Valdez, LLC's latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Nov 19.
What does Silver Bay Seafoods - Valdez, LLC do and where is it based?
Silver Bay Seafoods - Valdez, LLC operates in the Mining & Resources sector, based in SITKA.
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