Diligence memo · auto-generated · as of July 2, 2026
Victory Innovations Holdings, LLC
Victory Innovations Holdings, LLC looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Victory Innovations Holdings, LLC operates in Manufacturing, based in Washington.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Victory Innovations Holdings, LLC has raised $160M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $151M on 2020-09-22.
Most recent recorded round closed around 2021-01-27.
Valuation (modeled)modeled
Provath models Victory Innovations Holdings, LLC at approximately $99M (range $53M–$204M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.06× the median modeled value of Series D+ Manufacturing companies in 2019–2021 (14 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 4 months.
Last raise 5.4 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round was 16.6× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 97% of Manufacturing peers (3257 compared).
Modeled value ranks above 86% of those peers.
Closest niche peers: Nikola Corp, LSF9 Balta Issuer S.a r.l., Motional AD LLC, NotCo Ltd, Workhorse Group Inc..
Peoplefiled
9 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.