Companies · Other Energy

Advanced Thermovoltaic Systems, LLC

Fort Collins · Other Energy

Diligence memoA one-page analyst read on Advanced Thermovoltaic Systems, LLC — recommendation, valuation, rhythm, risks.
$762K
Total raised · real
1
Rounds
Latest step-up
Top 78%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Wed Apr 13 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Advanced Thermovoltaic Systems, LLC looks over-valued 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 energy sector profile.

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

Over-valued
  • Modeled value is 3.06× the median modeled value of Pre-Seed Other Energy companies in 2022–2024 (84 peers) — value vs value, same stage and era.
  • Issuer reports no revenue, yet is modeled well above niche peers.
Dormant
  • Last raise 4.2 yr ago; this sector typically re-raises about every 12 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

Advanced Thermovoltaic Systems, 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
4.2 yr record
Peak capital year was 2022 with $762K across 1 filings.
Market position
ahead of 23% of Other Energy peers
Capital scale is ahead of 23% of Other Energy peers; modeled value is above 28% 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 2022: $762K across 1 filings.
  • Largest single filing was $762K on 2022-04-13.
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 Other Energy

Advanced Thermovoltaic Systems, LLC is one of 2048 Other Energy companies tracked from Fort Collins. By capital raised it ranks in the long tail (ahead of 23% of sector peers), and in the long tail 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
No revenue
Issuer revenue
Rule 506(b)
Reg D exemption
6
Investors (latest)
2021
Year incorporated
2022-04-13
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$2.5M$5.0M$7.5M$10MPre-Seed · 2022-04-13 Raised $762K (real) Modeled valuation $6.2M (est)$762K$6.2MPre-Seed2022

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$762K · 2022

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$6.2M
Base estimate est.
$483K
Conservative case
$40.7M
Upside case
$4.2M
Modeled post-money

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

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
28%
Survival probability
11% low · 52% high
1.47×/yr
Annual markup
2.00×/yr upside case
4.2 yr
Elapsed time used
4.2 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
4.2 yr
On record since
2022
First round
1
Rounds on file
How it compares to the market

Benchmarked against 2048 companies in Other Energy. 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) 0.2× of median
This company$762K
Sector median$3.4M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 2.0× above median
This company$762K
Sector median$373K
Modeled value — vs sector median (estimate, all stages) 0.4× of median
This company$6.2M
Sector median$17.0M

Raised more than 23% of sector peers (real $). Modeled value above 28% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-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 #5 of 84.

This companyCohort peer
$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)Sol Clarity, Inc. · Pre-Seed Raised $920K · modeled $6.7M (est)Helios CoreShell Partners, LLC · Pre-Seed Raised $750K · modeled $6.5M (est)Trinary Solar Group IV LLC · Pre-Seed Raised $975K · modeled $6.3M (est)SunTrain, Inc. · Pre-Seed Raised $750K · modeled $6.2M (est)InSite Holding, Inc. · Pre-Seed Raised $885K · modeled $6.0M (est)Blue Line Marketing, LLC · Pre-Seed Raised $650K · modeled $5.8M (est)Sol Renewables Inc · Pre-Seed Raised $1.6M · modeled $5.7M (est)McCune Works Inc. · Pre-Seed Raised $984K · modeled $5.3M (est)GenHydro Inc. · Pre-Seed Raised $1.0M · modeled $5.1M (est)Resource Royalty Exclusive, LLC · Pre-Seed Raised $628K · modeled $5.0M (est)CS Renewables, Inc. · Pre-Seed Raised $2.0M · modeled $4.4M (est)Advanced Thermovoltaic Systems, LLC (this company) Raised $762K · modeled $6.2M (est)Advanced Thermovoltaic Systems, LLC
CompanyStageRaised · realValue · estvs peer med.
Sol Clarity, Inc.Pre-Seed$920K$6.7M3.30×
Helios CoreShell Partners, LLCPre-Seed$750K$6.5M3.23×
Trinary Solar Group IV LLCPre-Seed$975K$6.3M3.10×
SunTrain, Inc.Pre-Seed$750K$6.2M3.07×
Advanced Thermovoltaic Systems, LLC this companyPre-Seed$762K$6.2M3.06×
InSite Holding, Inc.Pre-Seed$885K$6.0M2.96×
Blue Line Marketing, LLCPre-Seed$650K$5.8M2.89×
Sol Renewables IncPre-Seed$1.6M$5.7M2.81×
McCune Works Inc.Pre-Seed$984K$5.3M2.63×
GenHydro Inc.Pre-Seed$1.0M$5.1M2.51×
Resource Royalty Exclusive, LLCPre-Seed$628K$5.0M2.46×
CS Renewables, Inc.Pre-Seed$2.0M$4.4M2.20×
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$762K2022-04-13$4.2M$6.2M90%
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. Pre-Seed$762K2022-04-13
    • First recorded raise — entered as Pre-Seed.
    • 6 investors on this round.
Intelligence
Modeled next raise
$1.2M
Modeled next size est.range $792K$2.0M
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
Michael Johnson14 other2022-04
Michael Marley1 other2022-04
John Newman2022-04
Kelly Adams2022-04
Ron Petkie2022-04
Registry & provenance

Advanced Thermovoltaic Systems, 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
1924861
SEC CIK
2021
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
Insula, Inc.Other EnergyPre-Seed$752K$8.2Msame sector · same stage
Helios CoreShell Partners, LLCOther EnergyPre-Seed$750K$6.5Msame sector · same stage
Uplift Solar Corp.Other EnergyPre-Seed$750K$4.4Msame sector · same stage
SunTrain, Inc.Other EnergyPre-Seed$750K$6.2Msame sector · same stage
Solaris Power Cells, Inc.Other EnergyPre-Seed$775K$6.5Msame sector · same stage
CM Materials Inc.Other EnergyPre-Seed$744K$3.8Msame sector · same stage
Oakland Hills Energy LlcOther EnergyPre-Seed$790K$8.9Msame sector · same stage
New Energy Blue LLCOther EnergyPre-Seed$800K$4.0Msame 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
Advanced Water & Energy Solutions Corp.Other EnergySeries A$49.1M89%
SD Renewables, LLCOther EnergySeed$15.3M87%
CS Renewables, Inc.Other EnergyPre-Seed$4.4M87%
Source Renewables, LLCOther EnergyPre-Seed$2.1M87%
Solartide, LLCOther EnergySeed$19.0M87%
Sustainable Waste Power Systems, Inc.Other EnergySeries A$67.0M86%
Next Energy Technologies, Inc.Other EnergySeries A$45.9M86%
OneEnergy Development, LLCOther EnergyPre-Seed$3.2M86%
Frequently asked
How much funding has Advanced Thermovoltaic Systems, LLC raised?
Advanced Thermovoltaic Systems, LLC has raised approximately $762K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Advanced Thermovoltaic Systems, LLC's estimated valuation?
Provath's modeled valuation for Advanced Thermovoltaic Systems, LLC is approximately $6.2M (modeled range $483K–$40.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Advanced Thermovoltaic Systems, LLC at?
Advanced Thermovoltaic Systems, LLC's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Wed Apr 13.
What does Advanced Thermovoltaic Systems, LLC do and where is it based?
Advanced Thermovoltaic Systems, LLC operates in the Other Energy sector, based in Fort Collins.
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