Companies · Manufacturing

Victory Foods Holdings PBC

Carrollton · Manufacturing

Diligence memoA one-page analyst read on Victory Foods Holdings PBC — recommendation, valuation, rhythm, risks.
$7.9M
Total raised · real
6
Rounds
14.9×
Latest step-up
Top 26%
Sector rank · raised
Series A
Latest stage · inferred · Fri Jun 28 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Victory Foods Holdings PBC looks under-valued against its niche peers and is at-risk 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 0.29× the median modeled value of Series A Manufacturing companies in 2022–2024 (114 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.0 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.

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

Issuer-vehicle patternmedium confidence

Victory Foods Holdings PBC 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
7.8 yr record
Peak capital year was 2021 with $4.3M across 1 filings.
Market position
ahead of 75% of Manufacturing peers
Capital scale is ahead of 75% of Manufacturing peers; modeled value is above 43% 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: $4.3M across 1 filings.
  • Largest single filing was $4.3M on 2021-06-29.
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 Manufacturing

Victory Foods Holdings PBC is one of 3257 Manufacturing companies tracked from Carrollton. By capital raised it ranks in the upper tier (ahead of 75% of sector peers), and mid-pack 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
15
Investors (latest)
2024-06-28
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$50MPre-Seed · 2018-09-07 Raised $972K (real) Modeled valuation $15M (est)$972K$15MPre-Seed2018Pre-Seed · 2019-04-17 Raised $125K (real) Modeled valuation $1.9M (est)$125K$1.9MPre-Seed2019Pre-Seed · 2020-09-21 Raised $300K (real) Modeled valuation $4.2M (est)$300K$4.2MPre-Seed2020Series A · 2021-06-29 Raised $4.3M (real) Modeled valuation $34M (est)$4.3M$34MSeries A2021Series A · 2022-08-12 Raised $139K (real) Modeled valuation $860K (est)$139K$860KSeries A2022Series A · 2024-06-28 Raised $2.1M (real) Modeled valuation $8.4M (est)$2.1M$8.4MSeries A2024+$125K+$300K+$4.3M+$139K+$2.1MCumulative $7.9M

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$972K · 2018
Pre-Seed extension$125K · 2019
Pre-Seed extension$300K · 2020
Series A$4.3M · 2021no Seed on file
Series A extension$139K · 2022
Series A extension$2.1M · 2024

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: 67%.

Modeled valuation trajectory
$8.4M
Base estimate est.
$2.9M
Conservative case
$18.1M
Upside case
$9.4M
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 manufacturing sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $14.8M · 2018-09-072018Pre-Seed · modeled $1.9M · 2019-04-17Pre-Seed · modeled $4.2M · 2020-09-21Series A · modeled $34.1M · 2021-06-29Series A · modeled $860K · 2022-08-12Series A · modeled $8.4M · 2024-06-282024
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
56%
Survival probability
31% low · 77% high
1.26×/yr
Annual markup
1.58×/yr upside case
2.0 yr
Elapsed time used
2.0 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$1.4M/yr
Capital velocity
7.8 yr
On record since
2018
First round
6
Rounds on file
How it compares to the market

Benchmarked against 3257 companies in Manufacturing. 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) 3.9× above median
This company$7.9M
Sector median$2.0M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.4× of median
This company$2.1M
Sector median$5.3M
Modeled value — vs sector median (estimate, all stages) 0.7× of median
This company$8.4M
Sector median$12.0M

Raised more than 75% of sector peers (real $). Modeled value above 43% 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 #108 of 114.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Whitehorse Timber Ventures SPC · Series A Raised $13.8M · modeled $95.9M (est)Camden Timbers Holdings, LLC · Series A Raised $13.0M · modeled $85.5M (est)RST Brands, LLC · Series A Raised $15.0M · modeled $84.5M (est)Plantd, Inc. · Series A Raised $13.6M · modeled $77.1M (est)Sanford Aluminum Group, LLC · Series A Raised $11.0M · modeled $72.9M (est)Decked, L.L.C. · Series A Raised $12.4M · modeled $65.3M (est)Mustang Motor Holdings, LLC · Series A Raised $9.2M · modeled $62.3M (est)LiftWave, Inc. · Series A Raised $21.7M · modeled $60.8M (est)SUN METALON Inc. · Series A Raised $9.6M · modeled $58.9M (est)MSolar Manufacturing, LLC · Series A Raised $16.0M · modeled $58.9M (est)American Battery Factory Inc. · Series A Raised $11.7M · modeled $57.9M (est)Agbanga Karite, Inc. · Series A Raised $9.6M · modeled $56.9M (est)Victory Foods Holdings PBC (this company) Raised $7.9M · modeled $8.4M (est)Victory Foods Holdings PBC
CompanyStageRaised · realValue · estvs peer med.
Whitehorse Timber Ventures SPCSeries A$13.8M$95.9M3.29×
Camden Timbers Holdings, LLCSeries A$13.0M$85.5M2.93×
RST Brands, LLCSeries A$15.0M$84.5M2.90×
Plantd, Inc.Series A$13.6M$77.1M2.65×
Sanford Aluminum Group, LLCSeries A$11.0M$72.9M2.50×
Decked, L.L.C.Series A$12.4M$65.3M2.24×
Mustang Motor Holdings, LLCSeries A$9.2M$62.3M2.14×
LiftWave, Inc.Series A$21.7M$60.8M2.09×
SUN METALON Inc.Series A$9.6M$58.9M2.02×
MSolar Manufacturing, LLCSeries A$16.0M$58.9M2.02×
American Battery Factory Inc.Series A$11.7M$57.9M1.99×
Agbanga Karite, Inc.Series A$9.6M$56.9M1.95×
Victory Foods Holdings PBC this companySeries A$7.9M$8.4M0.29×
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$972K2018-09-07$5.4M$14.8M90%
Pre-Seed$125K2019-04-17$694K$1.9M90%
Pre-Seed$300K2020-09-21$1.7M$4.2M90%
Series A$4.3M2021-06-29$19.4M$34.1M90%
Series A$139K2022-08-12$633K$860K90%
Series A$2.1M2024-06-28$9.4M$8.4M90%
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$972K2018-09-07
    • First recorded raise — entered as Pre-Seed.
    • 19 investors on this round.
  2. Pre-Seed$125K2019-04-17
    • Raised 7 mo later, in step with the ~12 mo sector norm.
    • Round 7.8× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  3. Pre-Seed$300K2020-09-21
    • Raised 17 mo later, in step with the ~12 mo sector norm.
    • Round 2.4× larger than the prior — scaling up.
    • 1 investor on this round.
  4. Series A$4.3M2021-06-29
    • Raised 9 mo later, in step with the ~12 mo sector norm.
    • Round 14.3× larger than the prior — scaling up.
    • 32 investors on this round.
  5. Series A$139K2022-08-12
    • Raised 13 mo later, in step with the ~12 mo sector norm.
    • Round 30.7× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  6. Series A$2.1M2024-06-28
    • Raised again after 23 mo — slower than the ~12 mo sector norm.
    • Round 14.9× larger than the prior — scaling up.
    • 15 investors on this round.
Intelligence
2025 ~Q3
Modeled next raise · ~14mo cadence
$6.2M
Modeled next size est.range $4.0M$10.0M
14.9×
Last step-up
$1.4M/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
Christopher Bailey5 other2018-09
Eric Jackson4 other2021-06
Cathy Berry2 other2024-06
Alan Tank1 other2021-06
Al Tank2020-09
Chad Rosen2018-09
Jonathan Cooper2020-09
Peter Strugatz2020-09
Registry & provenance

Victory Foods Holdings PBC 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
1753016
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
Incodema3D Holdings, Inc.ManufacturingSeries A$7.6M$7.1Msame sector · same stage
PHOENIX NUCLEAR HOLDING CoManufacturingSeries A$7.2M$10.0Msame sector · same stage
CHINA INFRASTRUCTURE CONSTRUCTION CorpManufacturingSeries A$7.0M$9.1Msame sector · same stage
Oco, Inc.ManufacturingSeries A$6.9M$6.2Msame sector · same stage
Indoor Harvest CorpManufacturingSeries A$9.7M$9.0Msame sector · same stage
Advanced Search Laboratories, Inc.Other TechnologySeries A$7.7M$6.4Mnetwork1 shared operator · same stage
Masienda, Inc.OtherSeries A$7.4M$5.4Mnetwork1 shared operator · same stage
Theodent, LLCManufacturingSeries A$5.7M$7.6Msame 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
Victory Innovations Holdings, LLCManufacturingSeries D+$99.3M89%
Good Planet Foods Inc.ManufacturingSeries A$29.0M82%
Global Foods Group, Inc.ManufacturingPre-Seed$12.0M82%
FedUp Foods PBCManufacturingSeed$16.3M81%
Tidal Foods, PBCManufacturingSeries A$30.9M81%
Franchise Holdings International, Inc.ManufacturingSeries A$12.2M81%
BCS Acquisition, LLCManufacturingSeed$3.8M81%
Food & Beverage Innovations, LlcManufacturingSeries A$49.9M80%
Frequently asked
How much funding has Victory Foods Holdings PBC raised?
Victory Foods Holdings PBC has raised approximately $7.9M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Victory Foods Holdings PBC's estimated valuation?
Provath's modeled valuation for Victory Foods Holdings PBC is approximately $8.4M (modeled range $2.9M–$18.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Victory Foods Holdings PBC at?
Victory Foods Holdings PBC's latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Jun 28.
What does Victory Foods Holdings PBC do and where is it based?
Victory Foods Holdings PBC operates in the Manufacturing sector, based in Carrollton.
Explore related

See where Victory Foods Holdings PBC sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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