Companies · Energy / Climate

Appia Energy Corp.

Toronto · Energy / Climate · refined from filed group “Other

Diligence memoA one-page analyst read on Appia Energy Corp. — recommendation, valuation, rhythm, risks.
$2.1M
Total raised · real
6
Rounds
1.5×
Latest step-up
Top 64%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Tue Jun 24 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Appia Energy Corp. 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 1.59× the median modeled value of Pre-Seed Energy / Climate companies in 2025–2027 (8 peers) — value vs value, same stage and era.
Active
  • Last raise 12 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

Appia Energy Corp. is one of 235 Energy / Climate companies tracked from Toronto. By capital raised it ranks in the long tail (ahead of 37% 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
Rule 506(b)
Reg D exemption
2
Investors (latest)
2025-06-24
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 · 2017-01-20 Raised $240K (real) Modeled valuation $4.6M (est)$240K$4.6MPre-Seed2017Pre-Seed · 2018-07-24 Raised $426K (real) Modeled valuation $8.1M (est)$426K$8.1MPre-Seed2018Pre-Seed · 2018-12-31 Raised $220K (real) Modeled valuation $4.2M (est)$220K$4.2MPre-Seed2018Pre-Seed · 2020-12-31 Raised $314K (real) Modeled valuation $4.9M (est)$314K$4.9MPre-Seed2020Pre-Seed · 2024-10-29 Raised $359K (real) Modeled valuation $1.1M (est)$359K$1.1MPre-Seed2024Pre-Seed · 2025-06-24 Raised $547K (real) Modeled valuation $1.3M (est)$547K$1.3MPre-Seed2025+$426K+$220K+$314K+$359K+$547KCumulative $2.1M

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$240K · 2017
Pre-Seed extension$426K · 2018
Pre-Seed extension$220K · 2018
Pre-Seed extension$314K · 2020
Pre-Seed extension$359K · 2024
Pre-Seed extension$547K · 2025

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

Modeled valuation trajectory
$1.3M
Base estimate est.
$339K
Conservative case
$3.2M
Upside case
$3.0M
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.

Pre-Seed · modeled $4.6M · 2017-01-202017Pre-Seed · modeled $8.1M · 2018-07-24Pre-Seed · modeled $4.2M · 2018-12-31Pre-Seed · modeled $4.9M · 2020-12-31Pre-Seed · modeled $1.1M · 2024-10-29Pre-Seed · modeled $1.3M · 2025-06-242025
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
28%
Survival probability
11% low · 51% high
1.52×/yr
Annual markup
2.06×/yr upside case
1.0 yr
Elapsed time used
1.0 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
20 mo
Avg between rounds
$250K/yr
Capital velocity
9.4 yr
On record since
2017
First round
6
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) 0.4× of median
This company$2.1M
Sector median$5.0M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 1.5× above median
This company$547K
Sector median$375K
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$1.3M
Sector median$19.0M

Raised more than 37% of sector peers (real $). Modeled value above 14% 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 #2 of 8.

This companyCohort peer
$100K$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)New Zealand Energy Corp. · Pre-Seed Raised $2.8M · modeled $1.4M (est)Global Energy Transmission, Co. · Pre-Seed Raised $1.0M · modeled $980K (est)HydroGraph Clean Power Inc. · Pre-Seed Raised $1.0M · modeled $863K (est)Power Locker USA iNC. · Pre-Seed Raised $350K · modeled $774K (est)IMX Power Holdings LLC · Pre-Seed Raised $300K · modeled $740K (est)Verdera Energy Corp. · Pre-Seed Raised $1.4M · modeled $721K (est)Urano Energy Corp. · Pre-Seed Raised $1.2M · modeled $266K (est)Appia Energy Corp. (this company) Raised $2.1M · modeled $1.3M (est)Appia Energy Corp.
CompanyStageRaised · realValue · estvs peer med.
New Zealand Energy Corp.Pre-Seed$2.8M$1.4M1.69×
Appia Energy Corp. this companyPre-Seed$2.1M$1.3M1.59×
Global Energy Transmission, Co.Pre-Seed$1.0M$980K1.20×
HydroGraph Clean Power Inc.Pre-Seed$1.0M$863K1.05×
Power Locker USA iNC.Pre-Seed$350K$774K0.95×
IMX Power Holdings LLCPre-Seed$300K$740K0.90×
Verdera Energy Corp.Pre-Seed$1.4M$721K0.88×
Urano Energy Corp.Pre-Seed$1.2M$266K0.33×
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$240K2017-01-20$1.3M$4.6M90%
Pre-Seed$426K2018-07-24$2.4M$8.1M90%
Pre-Seed$220K2018-12-31$1.2M$4.2M90%
Pre-Seed$314K2020-12-31$1.7M$4.9M90%
Pre-Seed$359K2024-10-29$2.0M$1.1M90%
Pre-Seed$547K2025-06-24$3.0M$1.3M90%
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$240K2017-01-20
    • First recorded raise — entered as Pre-Seed.
    • 8 investors on this round.
  2. Pre-Seed$426K2018-07-24
    • Raised again after 18 mo — slower than the ~11 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 506(c)).
    • 3 investors on this round.
  3. Pre-Seed$220K2018-12-31
    • Came back fast: 5 mo vs the ~11 mo sector norm.
    • Round 1.9× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  4. Pre-Seed$314K2020-12-31
    • Raised again after 24 mo — slower than the ~11 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 1 investor on this round.
  5. Pre-Seed$359K2024-10-29
    • Raised again after 46 mo — slower than the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 2 investors on this round.
  6. Pre-Seed$547K2025-06-24
    • Raised 8 mo later, in step with the ~11 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 2 investors on this round.
Intelligence
2027 ~Q1
Modeled next raise · ~20mo cadence
$832K
Modeled next size est.range $547K$1.3M
1.5×
Last step-up
$250K/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
Brian Robertson5 other2018-07
WILLIAM R. JOHNSTONE4 other2017-01
Brian Crawford2 other2024-10
FRANK VAN DE WATER2 other2017-01
THOMAS SKIMMING2 other2017-01
ANASTASIOS DRIVAS1 other2020-12
James Sykes1 other2020-12
William Johnstone1 other2020-12
Brain Robertson2017-01
Douglas H Underhill2017-01
Douglas Underhill2020-12
Nick Bontis2020-12
Nick R. Bontis2017-01
Peter Cashin2025-06
Stephen Burega2024-10
Tom Drivas2017-01
Registry & provenance

Appia Energy Corp. 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
1419336
SEC CIK
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
Romios Gold Resources IncMining & ResourcesPre-Seed$335K$719Knetwork4 shared operators · same stage
Wormser Energy Solutions, Inc.Energy / ClimatePre-Seed$2.0M$3.8Msame sector · same stage
ClearCell Power, Inc.Energy / ClimatePre-Seed$1.6M$19.0Msame sector · same stage
New Zealand Energy Corp.Energy / ClimatePre-Seed$2.8M$1.4Msame sector · same stage
ANI Energy, LLCEnergy / ClimatePre-Seed$1.5M$3.7Msame sector · same stage
Verdera Energy Corp.Energy / ClimatePre-Seed$1.4M$721Ksame sector · same stage
Urano Energy Corp.Energy / ClimatePre-Seed$1.2M$266Ksame sector · same stage
HydroGraph Clean Power Inc.Energy / ClimatePre-Seed$1.0M$863Ksame 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
North American Energy Opportunities Corp.Energy / ClimateSeed$3.0M86%
Nexera Energy Inc.Energy / ClimatePre-Seed$521K86%
ANI Energy, LLCEnergy / ClimatePre-Seed$3.7M85%
Earth X Energy CorpEnergy / ClimateSeries A$28.6M85%
Encore Energy Corp.Energy / ClimateSeries B$135.5M85%
Beta Energy Corp.Energy / ClimateSeed$15.2M85%
Energy Resource Management Corp.Energy / ClimateSeed$17.7M85%
Logan Energy Corp.Energy / ClimateSeries A$23.5M84%
Frequently asked
How much funding has Appia Energy Corp. raised?
Appia Energy Corp. has raised approximately $2.1M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Appia Energy Corp.'s estimated valuation?
Provath's modeled valuation for Appia Energy Corp. is approximately $1.3M (modeled range $339K–$3.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Appia Energy Corp. at?
Appia Energy Corp.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Tue Jun 24.
What does Appia Energy Corp. do and where is it based?
Appia Energy Corp. operates in the Energy / Climate sector, based in Toronto.
Explore related

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

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