Diligence memo · auto-generated · as of July 2, 2026
Virtue Labs, LLC
Virtue Labs, LLC looks fair against its niche peers and is at-risk on financing cadence.
Businessfiled
Virtue Labs, LLC operates in Manufacturing, based in RALEIGH.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Virtue Labs, LLC has raised $82M in disclosed capital across 6 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $29M on 2020-10-30.
Most recent recorded round closed around 2023-08-25.
Valuation (modeled)modeled
Provath models Virtue Labs, LLC at approximately $108M (range $43M–$227M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.96× the median modeled value of Series B Manufacturing companies in 2022–2024 (44 peers) — value vs value, same stage and era. Within the normal band (96% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 15 months.
Last raise 2.9 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 was 2.0× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 95% of Manufacturing peers (3257 compared).
Modeled value ranks above 87% of those peers.
Closest niche peers: Stryve Foods, Inc., JW Rutledge Distillery, LLC, Orange EV LLC, Brondell Inc., Advantest Corp.
Peoplefiled
19 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.