Diligence memo · auto-generated · as of July 2, 2026
203 Coal LLC
203 Coal LLC looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
203 Coal LLC operates in Coal Mining, based in WASHINGTON.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
203 Coal LLC has raised $9.4M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $9.4M on 2022-12-27.
Most recent recorded round closed around 2022-12-27.
Valuation (modeled)modeled
Provath models 203 Coal LLC at approximately $29M (range $12M–$90M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.32× the median modeled value of Series A Coal Mining companies in 2022–2024 (7 peers) — value vs value, same stage and era. Within the normal band (132% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 3.5 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.
Comparablesmixed
Capital scale ranks ahead of 58% of Coal Mining peers (76 compared).
Modeled value ranks above 64% of those peers.
Closest niche peers: 605 Coal LLC, Quinwood Coal Company, LLC, 404 Coal, LLC, 204 Coal LLC, K-Island Resources, LLC.
Peoplefiled
1 named person 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.