Companies · Manufacturing / Industrial

Toughbuilt Industries, Inc

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

Diligence memoA one-page analyst read on Toughbuilt Industries, Inc — recommendation, valuation, rhythm, risks.
$55.9M
Total raised · real
9
Rounds
0.4×
Latest step-up
Top 4%
Sector rank · raised
Series B
Latest stage · inferred · Wed Jan 14 2026 00:00:00 GMT+0000 (Coordinated Universal Time)

Toughbuilt Industries, Inc 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 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 0.24× the median modeled value of Series B Manufacturing / Industrial companies in 2025–2027 (5 peers) — value vs value, same stage and era.
Active
  • Last raise 6 mo ago; this sector typically re-raises about every 13 months.
  • Raising on or ahead of the sector's normal rhythm.
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

Toughbuilt Industries, Inc is one of 629 Manufacturing / Industrial companies tracked from IRVINE. By capital raised it ranks among the largest (ahead of 97% 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
5
Investors (latest)
2026-01-14
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$200MPre-Seed · 2016-02-01 Raised $367K (real) Modeled valuation $5.6M (est)Pre-Seed2016Series A · 2016-07-01 Raised $5.0M (real) Modeled valuation $50M (est)Series A2016Series A · 2016-07-01 Raised $5.0M (real) Modeled valuation $50M (est)Series A2016Pre-Seed · 2018-03-14 Raised $810K (real) Modeled valuation $12M (est)Pre-Seed2018Series A · 2018-03-14 Raised $1.5M (real) Modeled valuation $15M (est)Series A2018Series A · 2019-08-20 Raised $12M (real) Modeled valuation $115M (est)Series A2019Series A · 2022-02-15 Raised $5.0M (real) Modeled valuation $35M (est)Series A2022Series B · 2022-07-27 Raised $20M (real) Modeled valuation $153M (est)Series B2022Series B · 2022-11-17 Raised $7.5M (real) Modeled valuation $54M (est)Series B2022Series B · 2025-04-22 Raised $3.6M (real) Modeled valuation $17M (est)Series B2025Series B · 2026-01-14 Raised $1.4M (real) Modeled valuation $5.7M (est)Series B2026Cumulative $62M

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
Pre-Seed$367K · 2016
Series A$5.0M · 2016no Seed on file
Series A extension$5.0M · 2016
Bridge · Series A-stage$810K · 2018smaller follow-on
Series A extension$1.5M · 2018
Series A extension$11.5M · 2019
Series A extension$5.0M · 2022
Series B$20.0M · 2022
Series B extension$7.5M · 2022
Series B extension$3.6M · 2025
Series B extension$1.4M · 2026

Stages are modeled from round size (public records carry no series label). No record for: Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 75%.

Modeled valuation trajectory
$5.7M
Base estimate est.
$3.5M
Conservative case
$7.6M
Upside case
$7.6M
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.

Pre-Seed · modeled $5.6M · 2016-02-012016Series A · modeled $49.9M · 2016-07-01Series A · modeled $49.9M · 2016-07-01Pre-Seed · modeled $12.4M · 2018-03-14Series A · modeled $15.0M · 2018-03-14Series A · modeled $114.9M · 2019-08-20Series A · modeled $34.5M · 2022-02-15Series B · modeled $152.9M · 2022-07-27Series B · modeled $54.3M · 2022-11-17Series B · modeled $17.2M · 2025-04-22Series B · modeled $5.7M · 2026-01-142026
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
0.5 yr
Elapsed time used
0.5 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
12 mo
Avg between rounds
$5.6M/yr
Capital velocity
10.4 yr
On record since
2016
First round
11
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) 14× above median
This company$55.9M
Sector median$4.0M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.1× of median
This company$1.4M
Sector median$18.8M
Modeled value — vs sector median (estimate, all stages) 0.4× of median
This company$5.7M
Sector median$14.1M

Raised more than 97% 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 #5 of 5.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Maybell Quantum Industries, Inc. · Series B Raised $71.8M · modeled $188.1M (est)Agile Space Industries Inc. · Series B Raised $43.5M · modeled $91.2M (est)Particle Industries, Inc. · Series B Raised $129.2M · modeled $24.0M (est)Fresh Factory B.C. Ltd. · Series B Raised $46.0M · modeled $12.5M (est)Toughbuilt Industries, Inc (this company) Raised $55.9M · modeled $5.7M (est)Toughbuilt Industries, Inc
CompanyStageRaised · realValue · estvs peer med.
Maybell Quantum Industries, Inc.Series B$71.8M$188.1M7.84×
Agile Space Industries Inc.Series B$43.5M$91.2M3.80×
Particle Industries, Inc.Series B$129.2M$24.0M1.00×
Fresh Factory B.C. Ltd.Series B$46.0M$12.5M0.52×
Toughbuilt Industries, Inc this companySeries B$55.9M$5.7M0.24×
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.
Pre-Seed$367K2016-02-01$2.0M$5.6M85%
Series A$5.0M2016-07-01$22.7M$49.9M90%
Series A$5.0M2016-07-01$22.7M$49.9M85%
Pre-Seed$810K2018-03-14$4.5M$12.4M90%
Series A$1.5M2018-03-14$6.8M$15.0M90%
Series A$11.5M2019-08-20$52.3M$114.9M90%
Series A$5.0M2022-02-15$22.7M$34.5M90%
Series B$20.0M2022-07-27$111.1M$152.9M90%
Series B$7.5M2022-11-17$41.7M$54.3M90%
Series B$3.6M2025-04-22$20.2M$17.2M90%
Series B$1.4M2026-01-14$7.6M$5.7M90%
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. Pre-Seed$367K2016-02-01
    • First recorded raise — entered as Pre-Seed.
    • 63 investors on this round.
  2. Series A$5.0M2016-07-01
    • Came back fast: 5 mo vs the ~13 mo sector norm.
    • Round 13.6× larger than the prior — scaling up.
  3. Series A$5.0M2016-07-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
  4. Pre-Seed$810K2018-03-14
    • Raised again after 20 mo — slower than the ~13 mo sector norm.
    • Round 6.2× smaller than the prior — bridge or down round.
    • 13 investors on this round.
  5. Series A$1.5M2018-03-14
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.9× larger than the prior — scaling up.
    • 18 investors on this round.
  6. Series A$11.5M2019-08-20
    • Raised 17 mo later, in step with the ~13 mo sector norm.
    • Round 7.7× larger than the prior — scaling up.
    • 1 investor on this round.
  7. Series A$5.0M2022-02-15
    • Raised again after 30 mo — slower than the ~13 mo sector norm.
    • Round 2.3× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  8. Series B$20.0M2022-07-27
    • Came back fast: 5 mo vs the ~13 mo sector norm.
    • Round 4.0× larger than the prior — scaling up.
    • 4 investors on this round.
  9. Series B$7.5M2022-11-17
    • Came back fast: 4 mo vs the ~13 mo sector norm.
    • Round 2.7× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  10. Series B$3.6M2025-04-22
    • Raised again after 29 mo — slower than the ~13 mo sector norm.
    • Round 2.1× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  11. Series B$1.4M2026-01-14
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round 2.7× smaller than the prior — bridge or down round.
    • 5 investors on this round.
Intelligence
2027 ~Q1
Modeled next raise · ~12mo cadence
$1.4M
Modeled next size est.range $1.4M$2.2M
0.4×
Last step-up
$5.6M/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
Edward Martin1 other2016-07
Frederick D Furry1 other2022-02
Jolie Kahn1 other2019-08
William Placke1 other2022-07
Faught Robert2022-07
Frederick Furry2019-08
Josh Keeler2016-07
Joshua Keeler2016-02
Linda D Moossaian2022-02
Linda Moossaian2022-07
Manu Ohri2016-07
Martin Galstyan2022-02
Michael Panosian2016-02
Monica Pitterle2025-04
Paul Galvin2019-08
Robert Faught2019-08
William D Placke2022-02
Zareh Khachatoorian2016-02
Registry & provenance

Toughbuilt Industries, Inc 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
1668370
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
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Green Spirit Industries Inc.Manufacturing / IndustrialSeries A$14.1M$7.8Msame sector
Biolase, IncOther Health CareSeries A$22.7M$16.1Mnetwork1 shared operator
Black Unicorn FactoryManufacturing / IndustrialGrowth/Late$646.0M$10.0Msame sector
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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
Bolder Industries, Inc.Manufacturing / IndustrialSeries C$784.0M81%
Oblong Industries, Inc.Manufacturing / IndustrialSeries C$107.7M81%
DFND Industries, IncManufacturing / IndustrialPre-Seed$430K79%
RMR Industrials, Inc.Manufacturing / IndustrialPre-Seed$5.0M79%
1933 Industries Inc.Manufacturing / IndustrialSeed$6.4M79%
Consolidated National Industries, Inc.Manufacturing / IndustrialPre-Seed$12.2M79%
Scientific Industries IncManufacturing / IndustrialSeries A$5.2M79%
Willow Industries, Inc./DEManufacturing / IndustrialSeries A$30.8M79%
Frequently asked
How much funding has Toughbuilt Industries, Inc raised?
Toughbuilt Industries, Inc has raised approximately $55.9M in disclosed capital across 9 recorded financing rounds, aggregated from public filings.
What is Toughbuilt Industries, Inc's estimated valuation?
Provath's modeled valuation for Toughbuilt Industries, Inc is approximately $5.7M (modeled range $3.5M–$7.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Toughbuilt Industries, Inc at?
Toughbuilt Industries, Inc's latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Jan 14.
What does Toughbuilt Industries, Inc do and where is it based?
Toughbuilt Industries, Inc operates in the Manufacturing / Industrial sector, based in IRVINE.
Explore related

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