Diligence memo · auto-generated · as of July 2, 2026
TFORM, Inc.
TFORM, Inc. looks over-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
TFORM, Inc. operates in Manufacturing, based in PIEDMONT.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
TFORM, Inc. has raised $16M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $13M on 2024-05-20.
Most recent recorded round closed around 2024-05-20.
Valuation (modeled)modeled
Provath models TFORM, Inc. at approximately $53M (range $18M–$117M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.81× the median modeled value of Series A Manufacturing companies in 2022–2024 (114 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 24 months.
Last raise 2.1 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 stepped up 4.3× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 84% of Manufacturing peers (3257 compared).
Modeled value ranks above 81% of those peers.
Closest niche peers: Whitehorse Timber Ventures SPC, Camden Timbers Holdings, LLC, RST Brands, LLC, Plantd, Inc., Sanford Aluminum Group, LLC.
Peoplefiled
3 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.