Companies · Manufacturing / Industrial

Steel City Wash Holdings, LLC

PITTSBURGH · Manufacturing / Industrial · refined from filed group “Other

Diligence memoA one-page analyst read on Steel City Wash Holdings, LLC — recommendation, valuation, rhythm, risks.
$28.7M
Total raised · real
4
Rounds
3.0×
Latest step-up
Top 6%
Sector rank · raised
Series B
Latest stage · inferred · Wed Jun 01 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Steel City Wash Holdings, LLC looks under-valued 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.

Under-valued
  • Modeled value is 0.05× the median modeled value of Series B Manufacturing / Industrial companies in 2022–2024 (8 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.1 yr ago; this sector typically re-raises about every 13 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

Steel City Wash Holdings, 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
4.8 yr record
Peak capital year was 2021 with $27.7M across 2 filings.
Market position
ahead of 95% of Manufacturing / Industrial peers
Capital scale is ahead of 95% of Manufacturing / Industrial peers; modeled value is above 83% 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: $27.7M across 2 filings.
  • Largest single filing was $15.4M on 2021-12-27.
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.
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 / Industrial

Steel City Wash Holdings, LLC is one of 629 Manufacturing / Industrial companies tracked from PITTSBURGH. By capital raised it ranks among the largest (ahead of 95% of sector peers), and in the upper tier 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
1
Investors (latest)
2021
Year incorporated
2022-06-01
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 A · 2021-09-24 Raised $12M (real) Modeled valuation $92M (est)$12M$92MSeries A2021Series B · 2021-12-27 Raised $15M (real) Modeled valuation $131M (est)$15M$131MSeries B2021Series B · 2022-04-26 Raised $250K (real) Modeled valuation $2.0M (est)$250K$2.0MSeries B2022Series B · 2022-06-01 Raised $750K (real) Modeled valuation $5.9M (est)$750K$5.9MSeries B2022+$15M+$250K+$750KCumulative $29M

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$12.2M · 2021
Series B$15.4M · 2021
Series B extension$250K · 2022
Series B extension$750K · 2022

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: 50%.

Modeled valuation trajectory
$5.9M
Base estimate est.
$1.9M
Conservative case
$15.7M
Upside case
$4.2M
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 manufacturing sector profile. Directional, not a quoted figure.

Series A · modeled $92.4M · 2021-09-242021Series B · modeled $130.5M · 2021-12-27Series B · modeled $2.0M · 2022-04-26Series B · modeled $5.9M · 2022-06-012022
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
69%
Survival probability
46% low · 85% high
1.19×/yr
Annual markup
1.44×/yr upside case
4.1 yr
Elapsed time used
4.1 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
3 mo
Avg between rounds
$41.9M/yr
Capital velocity
4.8 yr
On record since
2021
First round
4
Rounds on file
How it compares to the market

Benchmarked against 629 companies in Manufacturing / Industrial. 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) 7.2× above median
This company$28.7M
Sector median$4.0M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.0× of median
This company$750K
Sector median$18.8M
Modeled value — vs sector median (estimate, all stages) 0.4× of median
This company$5.9M
Sector median$14.1M

Raised more than 95% of sector peers (real $). Modeled value above 83% 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 #8 of 8.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Li Industries, Inc. · Series B Raised $36.3M · modeled $203.4M (est)Lakeview Industrial 1, LLC · Series B Raised $23.9M · modeled $168.3M (est)Zed Industries, Inc. · Series B Raised $44.8M · modeled $167.1M (est)Matrix Industries, Inc. · Series B Raised $50.7M · modeled $141.0M (est)Suburban Manufacturing Holdings, LLC · Series B Raised $15.5M · modeled $100.2M (est)Holistic Industries Inc. · Series B Raised $56.9M · modeled $37.1M (est)C3 Industries, Inc. · Series B Raised $65.3M · modeled $20.7M (est)Steel City Wash Holdings, LLC (this company) Raised $28.7M · modeled $5.9M (est)Steel City Wash Holdings, LLC
CompanyStageRaised · realValue · estvs peer med.
Li Industries, Inc.Series B$36.3M$203.4M1.69×
Lakeview Industrial 1, LLCSeries B$23.9M$168.3M1.40×
Zed Industries, Inc.Series B$44.8M$167.1M1.39×
Matrix Industries, Inc.Series B$50.7M$141.0M1.17×
Suburban Manufacturing Holdings, LLCSeries B$15.5M$100.2M0.83×
Holistic Industries Inc.Series B$56.9M$37.1M0.31×
C3 Industries, Inc.Series B$65.3M$20.7M0.17×
Steel City Wash Holdings, LLC this companySeries B$28.7M$5.9M0.05×
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$12.2M2021-09-24$55.6M$92.4M90%
Series B$15.4M2021-12-27$85.7M$130.5M90%
Series B$250K2022-04-26$1.4M$2.0M90%
Series B$750K2022-06-01$4.2M$5.9M90%
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$12.2M2021-09-24
    • First recorded raise — entered as Series A.
    • 6 investors on this round.
  2. Series B$15.4M2021-12-27
    • Came back fast: 3 mo vs the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 7 investors on this round.
  3. Series B$250K2022-04-26
    • Came back fast: 4 mo vs the ~13 mo sector norm.
    • Round 61.7× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  4. Series B$750K2022-06-01
    • Came back fast: 1 mo vs the ~13 mo sector norm.
    • Round 3.0× larger than the prior — scaling up.
    • 1 investor on this round.
Intelligence
2022 ~Q3
Modeled next raise · ~3mo cadence
$2.3M
Modeled next size est.range $1.5M$3.6M
3.0×
Last step-up
$41.9M/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
John C. Glover19 other2021-09
Bradley Phillips4 other2022-06
Robert C. Erwin3 other2021-09
Bradley C. Phillips2 other2021-09
Eric C. Haufler2 other2021-09
Mark D Feldman1 other2021-09
Eric A Haufler2022-04
Richard A Donato2021-09
Robert A Erwin2022-04
Registry & provenance

Steel City Wash Holdings, 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
1887186
SEC CIK
2021
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
Smile Source Holdings, L.P.Other Health CareSeries B$32.2M$309.0Mnetwork4 shared operators · same stage
MDME Ultimate Holdings, LPOtherSeries B$39.9M$395.7Mnetwork3 shared operators · same stage
Aldinger Holdings, L.P.OtherSeries C$41.5M$392.2Mnetwork3 shared operators
BMPC Ultimate Holdings, LLCOtherSeries B$37.8M$331.5Mnetwork2 shared operators · same stage
Charter Industries Holdings LLCManufacturing / IndustrialSeries C$64.5M$12.6Mnetwork1 shared operator · same sector
AFC-Dell Holding Corp.OtherSeries B$34.0M$25.5Mnetwork1 shared operator · same stage
Toughbuilt Industries, IncManufacturing / IndustrialSeries B$55.9M$5.7Msame sector · same stage
Wholesale Supplies Plus Holdings, LLCOtherSeries B$20.4M$339.1Mnetwork1 shared operator · 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
Wash Factory LLCManufacturing / IndustrialPre-Seed$5.3M85%
United States Steel CorpManufacturing / IndustrialSeries A$3.5M82%
Industrial Services Holdings, LLCManufacturing / IndustrialSeries B$171.4M82%
Steel City Optronics, LLCManufacturing / IndustrialSeries A$47.4M80%
Suburban Manufacturing Holdings, LLCManufacturing / IndustrialSeries B$100.2M79%
Bold Wash Holdings, LLCOtherSeries B$290.0M78%
Blue Valley Industrial Holdings, LLCManufacturing / IndustrialSeed$39.9M78%
RMR Industrials, Inc.Manufacturing / IndustrialPre-Seed$5.0M78%
Frequently asked
How much funding has Steel City Wash Holdings, LLC raised?
Steel City Wash Holdings, LLC has raised approximately $28.7M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Steel City Wash Holdings, LLC's estimated valuation?
Provath's modeled valuation for Steel City Wash Holdings, LLC is approximately $5.9M (modeled range $1.9M–$15.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Steel City Wash Holdings, LLC at?
Steel City Wash Holdings, LLC's latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Jun 01.
What does Steel City Wash Holdings, LLC do and where is it based?
Steel City Wash Holdings, LLC operates in the Manufacturing / Industrial sector, based in PITTSBURGH.
Explore related

See where Steel City Wash Holdings, LLC sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at Steel City Wash Holdings, LLC, claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.