Companies · Coal Mining

202 Coal, LLC

WASHINGTON · Coal Mining

Diligence memoA one-page analyst read on 202 Coal, LLC — recommendation, valuation, rhythm, risks.
$3.6M
Total raised · real
1
Rounds
Latest step-up
Top 62%
Sector rank · raised
Seed
Latest stage · inferred · Tue Dec 14 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

202 Coal, LLC looks fair against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the extractive sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 1.12× the median modeled value of Seed Coal Mining companies in 2019–2021 (10 peers) — value vs value, same stage and era.
  • Within the normal band (112% of peer median) for its niche.
Dormant
  • Last raise 4.5 yr ago; this sector typically re-raises about every 11 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.

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

Issuer-vehicle patternmedium confidence

202 Coal, LLC 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
4.5 yr record
Peak capital year was 2021 with $3.6M across 1 filings.
Market position
ahead of 39% of Coal Mining peers
Capital scale is ahead of 39% of Coal Mining peers; modeled value is above 45% 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: $3.6M across 1 filings.
  • Largest single filing was $3.6M on 2021-12-14.
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.
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 Coal Mining

202 Coal, LLC is one of 76 Coal Mining companies tracked from WASHINGTON. By capital raised it ranks in the long tail (ahead of 39% 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
$5M–$25M
Issuer revenue
Rule 504
Reg D exemption
40
Investors (latest)
2020
Year incorporated
2021-12-14
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$5.0M$10M$15M$20MSeed · 2021-12-14 Raised $3.6M (real) Modeled valuation $13M (est)$3.6M$13MSeed2021

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
Seed$3.6M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$13.2M
Base estimate est.
$3.0M
Conservative case
$70.1M
Upside case
$17.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 59% high
1.16×/yr
Annual markup
1.52×/yr upside case
4.5 yr
Elapsed time used
4.5 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
4.5 yr
On record since
2021
First round
1
Rounds on file
How it compares to the market

Benchmarked against 76 companies in Coal Mining. 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) 0.5× of median
This company$3.6M
Sector median$7.5M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.5× above median
This company$3.6M
Sector median$2.4M
Modeled value — vs sector median (estimate, all stages) 0.8× of median
This company$13.2M
Sector median$16.5M

Raised more than 39% of sector peers (real $). Modeled value above 45% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) 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 #4 of 10.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)Opal Five, Llc · Seed Raised $4.0M · modeled $17.3M (est)Menotti Real Estate III, LLC · Seed Raised $4.0M · modeled $14.9M (est)505 Coal. LLC · Seed Raised $4.0M · modeled $14.8M (est)303 Coal, LLC · Seed Raised $3.5M · modeled $12.9M (est)Topaz Eight, Llc · Seed Raised $2.5M · modeled $10.8M (est)Menotti Real Estate I, LLC · Seed Raised $2.6M · modeled $10.0M (est)Menotti Real Estate II, LLC · Seed Raised $2.6M · modeled $9.9M (est)101 Coal, LLC · Seed Raised $2.6M · modeled $9.6M (est)East Carbon Land Co #2, LLC · Seed Raised $1.5M · modeled $6.9M (est)202 Coal, LLC (this company) Raised $3.6M · modeled $13.2M (est)202 Coal, LLC
CompanyStageRaised · realValue · estvs peer med.
Opal Five, LlcSeed$4.0M$17.3M1.46×
Menotti Real Estate III, LLCSeed$4.0M$14.9M1.26×
505 Coal. LLCSeed$4.0M$14.8M1.25×
202 Coal, LLC this companySeed$3.6M$13.2M1.12×
303 Coal, LLCSeed$3.5M$12.9M1.09×
Topaz Eight, LlcSeed$2.5M$10.8M0.91×
Menotti Real Estate I, LLCSeed$2.6M$10.0M0.84×
Menotti Real Estate II, LLCSeed$2.6M$9.9M0.83×
101 Coal, LLCSeed$2.6M$9.6M0.81×
East Carbon Land Co #2, LLCSeed$1.5M$6.9M0.59×
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.
Seed$3.6M2021-12-14$17.8M$13.2M90%
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. Seed$3.6M2021-12-14
    • First recorded raise — entered as Seed.
    • 40 investors on this round.
Intelligence
Modeled next raise
$5.7M
Modeled next size est.range $3.7M$9.1M
Last step-up
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
Ronald Eugene Wilhelm9 other2021-12
Registry & provenance

202 Coal, LLC 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
1900446
SEC CIK
2020
Incorporated
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
Menotti Real Estate III, LLCCoal MiningSeed$4.0M$14.9Mnetwork1 shared operator · same sector · same stage
101 Coal, LLCCoal MiningSeed$2.6M$9.6Mnetwork1 shared operator · same sector · same stage
Menotti Real Estate II, LLCCoal MiningSeed$2.6M$9.9Mnetwork1 shared operator · same sector · same stage
Menotti Real Estate I, LLCCoal MiningSeed$2.6M$10.0Mnetwork1 shared operator · same sector · same stage
303 Coal, LLCCoal MiningSeed$3.5M$12.9Msame sector · same stage
505 Coal. LLCCoal MiningSeed$4.0M$14.8Msame sector · same stage
Opal Five, LlcCoal MiningSeed$4.0M$17.3Msame sector · same stage
Joonbug Exploration Fund, LLCCoal MiningSeed$3.0M$5.7Msame 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
205 Coal LLCCoal MiningPre-Seed$2.0M94%
203 Coal LLCCoal MiningSeries A$29.3M90%
204 Coal LLCCoal MiningSeries A$21.0M89%
101 Coal, LLCCoal MiningSeed$9.6M87%
605 Coal LLCCoal MiningSeries A$26.5M85%
505 Coal. LLCCoal MiningSeed$14.8M85%
206 Coal LLCCoal MiningPre-Seed$1.5M85%
207 Coal LLCCoal MiningPre-Seed$1.5M85%
Frequently asked
How much funding has 202 Coal, LLC raised?
202 Coal, LLC has raised approximately $3.6M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is 202 Coal, LLC's estimated valuation?
Provath's modeled valuation for 202 Coal, LLC is approximately $13.2M (modeled range $3.0M–$70.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is 202 Coal, LLC at?
202 Coal, LLC's latest modeled financing stage is Seed. Its most recent recorded round closed around Tue Dec 14.
What does 202 Coal, LLC do and where is it based?
202 Coal, LLC operates in the Coal Mining sector, based in WASHINGTON.
Explore related

See where 202 Coal, LLC sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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