Diligence memo · auto-generated · as of July 2, 2026
Allete Inc
Allete Inc has raised $9.0M over 1 round; too few niche peers to rank its valuation yet.
Businessfiled
Allete Inc operates in Electric Utilities, based in DULUTH.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Allete Inc has raised $9.0M 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: $9.0M on 2011-08-03.
Most recent recorded round closed around 2011-08-03.
Valuation (modeled)modeled
Provath models Allete Inc at approximately $76M (range $13M–$411M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Last raise 14.9 yr ago; this sector typically re-raises about every 10 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 52% of Electric Utilities peers (133 compared).
Modeled value ranks above 60% of those peers.
Closest niche peers: California Newco, Inc., Hipp, Llc, Coronus Solar Inc..
Peoplefiled
18 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.