Companies · Energy / Climate

Altus Thermal, Inc.

SOMERVILLE · Energy / Climate · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Altus Thermal, Inc. — recommendation, valuation, rhythm, risks.
$16.5M
Total raised · real
5
Rounds
1.7×
Latest step-up
Top 24%
Sector rank · raised
Series A
Latest stage · inferred · Wed May 21 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Altus Thermal, Inc. looks over-valued against its niche peers and is active 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 1.78× the median modeled value of Series A Energy / Climate companies in 2025–2027 (13 peers) — value vs value, same stage and era.
Active
  • Last raise 13 mo ago; this sector typically re-raises about every 11 months.
  • Raising on or ahead of the sector's normal rhythm.
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 Energy / Climate

Altus Thermal, Inc. is one of 235 Energy / Climate companies tracked from SOMERVILLE. By capital raised it ranks in the upper tier (ahead of 77% 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
Rule 506(b)
Reg D exemption
41
Investors (latest)
2020
Year incorporated
2025-05-21
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$13M$25M$38M$50MPre-Seed · 2020-12-07 Raised $773K (real) Modeled valuation $12M (est)Pre-Seed2020Pre-Seed · 2020-12-07 Raised $335K (real) Modeled valuation $5.3M (est)Pre-Seed2020Pre-Seed · 2022-10-04 Raised $550K (real) Modeled valuation $4.1M (est)Pre-Seed2022Series A · 2023-12-26 Raised $5.3M (real) Modeled valuation $25M (est)Series A2023Series A · 2024-10-10 Raised $1.9M (real) Modeled valuation $7.2M (est)Series A2024Series A · 2025-05-21 Raised $4.8M (real) Modeled valuation $15M (est)Series A2025Series A · 2025-05-21 Raised $8.1M (real) Modeled valuation $26M (est)Series A2025+$335K+$550K+$5.3M+$1.9M+$4.8M+$8.1MCumulative $22M

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$773K · 2020
Pre-Seed extension$335K · 2020
Pre-Seed extension$550K · 2022
Series A$5.3M · 2023no Seed on file
Series A extension$1.9M · 2024
Series A extension$4.8M · 2025
Series A extension$8.1M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$25.6M
Base estimate est.
$10.2M
Conservative case
$45.1M
Upside case
$36.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the energy sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $12.3M · 2020-12-072020Pre-Seed · modeled $5.3M · 2020-12-07Pre-Seed · modeled $4.1M · 2022-10-04Series A · modeled $24.7M · 2023-12-26Series A · modeled $7.2M · 2024-10-10Series A · modeled $15.4M · 2025-05-21Series A · modeled $25.6M · 2025-05-212025
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
51%
Survival probability
28% low · 70% high
1.32×/yr
Annual markup
1.67×/yr upside case
1.1 yr
Elapsed time used
1.1 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
9 mo
Avg between rounds
$3.7M/yr
Capital velocity
5.6 yr
On record since
2020
First round
7
Rounds on file
How it compares to the market

Benchmarked against 235 companies in Energy / Climate. 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) 3.3× above median
This company$16.5M
Sector median$5.0M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.3× above median
This company$8.1M
Sector median$6.1M
Modeled value — vs sector median (estimate, all stages) 1.3× above median
This company$25.6M
Sector median$19.0M

Raised more than 77% of sector peers (real $). Modeled value above 60% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #1 of 13.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Vertical Horizons Power Innovations Inc. · Series A Raised $7.4M · modeled $25.4M (est)Thor Directed Energy, Inc. · Series A Raised $7.8M · modeled $24.9M (est)Sizable Energy Inc · Series A Raised $8.8M · modeled $24.6M (est)Peregrine Hydrogen Inc. · Series A Raised $13.7M · modeled $23.0M (est)Flux Power Holdings, Inc. · Series A Raised $52.4M · modeled $15.1M (est)Energy Revenue America, Inc. · Series A Raised $5.0M · modeled $14.3M (est)USA Ruijing Biomass Energy Technology INC. · Series A Raised $5.0M · modeled $12.9M (est)CVector Energy Corp. · Series A Raised $6.2M · modeled $12.9M (est)Lumen Energy, Inc. · Series A Raised $17.6M · modeled $7.3M (est)Fusion Energy Solutions, Inc. · Series A Raised $24.6M · modeled $6.2M (est)Solution Energy Pty Ltd · Series A Raised $21.9M · modeled $5.7M (est)Altus Thermal, Inc. (this company) Raised $16.5M · modeled $25.6M (est)Altus Thermal, Inc.
CompanyStageRaised · realValue · estvs peer med.
Altus Thermal, Inc. this companySeries A$16.5M$25.6M1.78×
Vertical Horizons Power Innovations Inc.Series A$7.4M$25.4M1.77×
Thor Directed Energy, Inc.Series A$7.8M$24.9M1.74×
Sizable Energy IncSeries A$8.8M$24.6M1.72×
Peregrine Hydrogen Inc.Series A$13.7M$23.0M1.60×
Flux Power Holdings, Inc.Series A$52.4M$15.1M1.06×
Energy Revenue America, Inc.Series A$5.0M$14.3M1.00×
USA Ruijing Biomass Energy Technology INC.Series A$5.0M$12.9M0.90×
CVector Energy Corp.Series A$6.2M$12.9M0.90×
Lumen Energy, Inc.Series A$17.6M$7.3M0.51×
Fusion Energy Solutions, Inc.Series A$24.6M$6.2M0.43×
Solution Energy Pty LtdSeries A$21.9M$5.7M0.40×
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$773K2020-12-07$4.3M$12.3M90%
Pre-Seed$335K2020-12-07$1.9M$5.3M90%
Pre-Seed$550K2022-10-04$3.1M$4.1M90%
Series A$5.3M2023-12-26$23.9M$24.7M90%
Series A$1.9M2024-10-10$8.6M$7.2M90%
Series A$4.8M2025-05-21$22.0M$15.4M90%
Series A$8.1M2025-05-21$36.6M$25.6M90%
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$773K2020-12-07
    • First recorded raise — entered as Pre-Seed.
    • 22 investors on this round.
  2. Pre-Seed$335K2020-12-07
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.3× smaller than the prior — bridge or down round.
    • 10 investors on this round.
  3. Pre-Seed$550K2022-10-04
    • Raised again after 22 mo — slower than the ~11 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 11 investors on this round.
  4. Series A$5.3M2023-12-26
    • Raised 15 mo later, in step with the ~11 mo sector norm.
    • Round 9.6× larger than the prior — scaling up.
    • 50 investors on this round.
  5. Series A$1.9M2024-10-10
    • Raised 9 mo later, in step with the ~11 mo sector norm.
    • Round 2.8× smaller than the prior — bridge or down round.
    • 13 investors on this round.
  6. Series A$4.8M2025-05-21
    • Raised 7 mo later, in step with the ~11 mo sector norm.
    • Round 2.6× larger than the prior — scaling up.
    • 18 investors on this round.
  7. Series A$8.1M2025-05-21
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.7× larger than the prior — scaling up.
    • 41 investors on this round.
Intelligence
2026 ~Q1
Modeled next raise · ~9mo cadence
$13.4M
Modeled next size est.range $8.7M$21.4M
1.7×
Last step-up
$3.7M/yr
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
David Wilson12 other2024-10
Thomas Ferguson3 other2024-10
Hilary Flynn2023-12
Michael Rigney2020-12
Michael Ting2023-12
Registry & provenance

Altus Thermal, Inc. 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
1836919
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
Fluid Power Employee Holdings, LLCEnergy / ClimateSeries A$16.6M$32.3Msame sector · same stage
People Power CoEnergy / ClimateSeries A$17.3M$45.4Msame sector · same stage
Lumen Energy, Inc.Energy / ClimateSeries A$17.6M$7.3Msame sector · same stage
Airloom Energy, Inc.Energy / ClimateSeries A$15.5M$3.2Msame sector · same stage
Energy Club Holdings, LLCEnergy / ClimateSeries A$18.0M$61.6Msame sector · same stage
Quidnet Energy Inc.Energy / ClimateSeries A$18.0M$124.7Msame sector · same stage
Electric Power Systems, Inc.Energy / ClimateSeries A$15.0M$187.0Msame sector · same stage
Imprint Energy, Inc.Energy / ClimateSeries A$18.4M$131.2Msame 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
Delta Thermal, Inc.Energy / ClimatePre-Seed$1.4M88%
Thermal Gradient, Inc.Energy / ClimatePre-Seed$11.7M88%
Kelvin Thermal Technologies, Inc.Energy / ClimatePre-Seed$3.8M86%
Ion Energy, Inc.Energy / ClimateSeed$16.0M86%
Power Design Holdings, LLCEnergy / ClimateSeries B$405.5M86%
Nimbus Power Systems, Inc.Energy / ClimateSeed$6.5M86%
Kanin Energy, Inc.Energy / ClimateSeries A$25.4M85%
NexGen Power Systems, Inc.Energy / ClimateSeries A$99.7M85%
Frequently asked
How much funding has Altus Thermal, Inc. raised?
Altus Thermal, Inc. has raised approximately $16.5M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Altus Thermal, Inc.'s estimated valuation?
Provath's modeled valuation for Altus Thermal, Inc. is approximately $25.6M (modeled range $10.2M–$45.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Altus Thermal, Inc. at?
Altus Thermal, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Wed May 21.
What does Altus Thermal, Inc. do and where is it based?
Altus Thermal, Inc. operates in the Energy / Climate sector, based in SOMERVILLE.
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