Companies · Other Energy

Arcadia Power, Inc.

Greenwood Village · Other Energy

Diligence memoA one-page analyst read on Arcadia Power, Inc. — recommendation, valuation, rhythm, risks.
$557.5M
Total raised · real
12
Rounds
0.4×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Fri Mar 08 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Arcadia Power, Inc. looks under-valued against its niche peers and is at-risk 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.

Under-valued
  • Modeled value is 0.22× the median modeled value of Series D+ Other Energy companies in 2022–2024 (10 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.3 yr ago; this sector typically re-raises about every 12 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

Arcadia Power, Inc. is one of 2049 Other Energy companies tracked from Greenwood Village. By capital raised it ranks among the largest (ahead of 99% of sector peers), and among the largest 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
11
Investors (latest)
2024-03-08
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$500M$1.0B$1.5B$2.0BPre-Seed · 2014-05-22 Raised $130K (real) Modeled valuation $2.1M (est)Pre-Seed2014Seed · 2016-04-28 Raised $1.9M (real) Modeled valuation $25M (est)Seed2016Series A · 2017-04-17 Raised $6.0M (real) Modeled valuation $63M (est)Series A2017Series A · 2017-07-01 Raised $6.0M (real) Modeled valuation $63M (est)Series A2017Series A · 2018-01-09 Raised $5.5M (real) Modeled valuation $58M (est)Series A2018Series B · 2018-07-16 Raised $21M (real) Modeled valuation $244M (est)Series B2018Series B · 2019-10-25 Raised $28M (real) Modeled valuation $321M (est)Series B2019Series B · 2020-12-21 Raised $21M (real) Modeled valuation $221M (est)Series B2020Series C · 2021-08-24 Raised $96M (real) Modeled valuation $974M (est)Series C2021Series D+ · 2022-05-05 Raised $154M (real) Modeled valuation $1.6B (est)Series D+2022Series D+ · 2022-05-06 Raised $50M (real) Modeled valuation $504M (est)Series D+2022Series D+ · 2022-12-06 Raised $128M (real) Modeled valuation $1.2B (est)Series D+2022Series D+ · 2024-03-08 Raised $46M (real) Modeled valuation $384M (est)Series D+2024Cumulative $564M

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$130K · 2014
Seed$1.9M · 2016
Series A$6.0M · 2017
Series A extension$6.0M · 2017
Series A extension$5.5M · 2018
Series B$21.0M · 2018
Series B extension$27.7M · 2019
Series B extension$20.9M · 2020
Series C$96.3M · 2021
Series D+$154.0M · 2022
Series D+ extension$50.0M · 2022
Series D+ extension$128.5M · 2022
Series D+ extension$45.6M · 2024

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

Modeled valuation trajectory
$384.3M
Base estimate est.
$245.5M
Conservative case
$553.4M
Upside case
$380.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the energy sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $2.1M · 2014-05-222014Seed · modeled $24.8M · 2016-04-28Series A · modeled $63.4M · 2017-04-17Series A · modeled $63.4M · 2017-07-01Series A · modeled $58.1M · 2018-01-09Series B · modeled $243.7M · 2018-07-16Series B · modeled $321.0M · 2019-10-25Series B · modeled $221.4M · 2020-12-21Series C · modeled $973.7M · 2021-08-24Series D+ · modeled $1.6B · 2022-05-05Series D+ · modeled $503.8M · 2022-05-06Series D+ · modeled $1.2B · 2022-12-06Series D+ · modeled $384.3M · 2024-03-082024
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
81%
Survival probability
65% low · 89% high
1.10×/yr
Annual markup
1.24×/yr upside case
2.3 yr
Elapsed time used
2.3 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$56.9M/yr
Capital velocity
12.1 yr
On record since
2014
First round
13
Rounds on file
How it compares to the market

Benchmarked against 2049 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) 163× above median
This company$557.5M
Sector median$3.4M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.4× of median
This company$45.6M
Sector median$105.3M
Modeled value — vs sector median (estimate, all stages) 23× above median
This company$384.3M
Sector median$17.0M

Raised more than 99% of sector peers (real $). Modeled value above 94% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) 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 #10 of 10.

This companyCohort peer
$100.0M$1.0B$10.0B$100.0M$1.0BCapital raised (log)Livent Corp. · Series D+ Raised $375.1M · modeled $3.7B (est)Nexamp, Inc. · Series D+ Raised $600.4M · modeled $3.1B (est)EnerVenue Holdings, Ltd. · Series D+ Raised $445.3M · modeled $2.7B (est)Tellurian Inc. /De/ · Series D+ Raised $299.4M · modeled $2.7B (est)Maxeon Solar Technologies, Ltd. · Series D+ Raised $207.0M · modeled $2.0B (est)Atlas Energy Solutions Inc. · Series D+ Raised $175.0M · modeled $1.5B (est)Atom Power, Inc. · Series D+ Raised $132.0M · modeled $1.1B (est)Zap Energy, Inc. · Series D+ Raised $319.0M · modeled $1.1B (est)Koloma, Inc. · Series D+ Raised $394.5M · modeled $421.6M (est)Arcadia Power, Inc. (this company) Raised $557.5M · modeled $384.3M (est)Arcadia Power, Inc.
CompanyStageRaised · realValue · estvs peer med.
Livent Corp.Series D+$375.1M$3.7B2.14×
Nexamp, Inc.Series D+$600.4M$3.1B1.77×
EnerVenue Holdings, Ltd.Series D+$445.3M$2.7B1.54×
Tellurian Inc. /De/Series D+$299.4M$2.7B1.52×
Maxeon Solar Technologies, Ltd.Series D+$207.0M$2.0B1.16×
Atlas Energy Solutions Inc.Series D+$175.0M$1.5B0.84×
Atom Power, Inc.Series D+$132.0M$1.1B0.62×
Zap Energy, Inc.Series D+$319.0M$1.1B0.60×
Koloma, Inc.Series D+$394.5M$421.6M0.24×
Arcadia Power, Inc. this companySeries D+$557.5M$384.3M0.22×
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$130K2014-05-22$722K$2.1M85%
Seed$1.9M2016-04-28$9.6M$24.8M85%
Series A$6.0M2017-04-17$27.3M$63.4M90%
Series A$6.0M2017-07-01$27.3M$63.4M90%
Series A$5.5M2018-01-09$25.0M$58.1M90%
Series B$21.0M2018-07-16$116.7M$243.7M90%
Series B$27.7M2019-10-25$153.7M$321.0M90%
Series B$20.9M2020-12-21$116.2M$221.4M90%
Series C$96.3M2021-08-24$642.0M$973.7M90%
Series D+$154.0M2022-05-05$1.3B$1.6B90%
Series D+$50.0M2022-05-06$416.7M$503.8M90%
Series D+$128.5M2022-12-06$1.1B$1.2B90%
Series D+$45.6M2024-03-08$380.0M$384.3M90%
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$130K2014-05-22
    • First recorded raise — entered as Pre-Seed.
    • 7 investors on this round.
  2. Seed$1.9M2016-04-28
    • Raised again after 23 mo — slower than the ~12 mo sector norm.
    • Round 14.7× larger than the prior — scaling up.
    • 34 investors on this round.
  3. Series A$6.0M2017-04-17
    • Raised 12 mo later, in step with the ~12 mo sector norm.
    • Round 3.1× larger than the prior — scaling up.
    • 11 investors on this round.
  4. Series A$6.0M2017-07-01
    • Came back fast: 2 mo vs the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 11 investors on this round.
  5. Series A$5.5M2018-01-09
    • Came back fast: 6 mo vs the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  6. Series B$21.0M2018-07-16
    • Came back fast: 6 mo vs the ~12 mo sector norm.
    • Round 3.8× larger than the prior — scaling up.
    • 12 investors on this round.
  7. Series B$27.7M2019-10-25
    • Raised 15 mo later, in step with the ~12 mo sector norm.
    • Round 1.3× larger than the prior — scaling up.
    • 13 investors on this round.
  8. Series B$20.9M2020-12-21
    • Raised 14 mo later, in step with the ~12 mo sector norm.
    • Round 1.3× smaller than the prior — bridge or down round.
    • 14 investors on this round.
  9. Series C$96.3M2021-08-24
    • Raised 8 mo later, in step with the ~12 mo sector norm.
    • Round 4.6× larger than the prior — scaling up.
    • 18 investors on this round.
  10. Series D+$154.0M2022-05-05
    • Raised 8 mo later, in step with the ~12 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 33 investors on this round.
  11. Series D+$50.0M2022-05-06
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.1× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  12. Series D+$128.5M2022-12-06
    • Raised 7 mo later, in step with the ~12 mo sector norm.
    • Round 2.6× larger than the prior — scaling up.
    • 17 investors on this round.
  13. Series D+$45.6M2024-03-08
    • Raised 15 mo later, in step with the ~12 mo sector norm.
    • Round 2.8× smaller than the prior — bridge or down round.
    • 11 investors on this round.
Intelligence
2024 ~Q4
Modeled next raise · ~10mo cadence
$45.6M
Modeled next size est.range $45.6M$73.0M
0.4×
Last step-up
$56.9M/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
Daniel Leff10 other2020-12
Ben Kortlang6 other2020-12
Sameer Reddy6 other2020-12
Jennifer Dulski3 other2022-05
Kiran Bhatraju3 other2014-05
Jeffrey Ubben2 other2024-03
John Rettig2 other2022-05
John Rucker2 other2022-05
Patrick McCamley1 other2022-05
Tanya Barnes1 other2022-05
Alex Laskey2020-12
Barbara Clay2024-03
Eric Scheyer2022-05
Eva Zlotnicka2020-12
Greg Callman2024-03
Kate Henningsen2022-05
Paul Mule2024-03
Peter Reinhardt2022-05
Ryan Nesbitt2014-05
Sarah Bloom Raskin2022-05
Registry & provenance

Arcadia Power, 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
1610017
SEC CIK
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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.

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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
Arcadia Minerals, Inc.Other EnergyPre-Seed$5.2M94%
Odyssey Energy Solutions, Inc.Other EnergySeries A$39.2M87%
Alterra Power Corp.Other EnergySeed$31.4M87%
Solace Power Inc.Other EnergySeries A$31.8M86%
Gridless Power CorpOther EnergyPre-Seed$11.3M86%
San Joaquin Renewables, LLCOther EnergySeed$14.6M86%
Ideal Power Inc.Other EnergySeries B$174.4M85%
Hover Energy, LLCOther EnergyPre-Seed$3.8M85%
Frequently asked
How much funding has Arcadia Power, Inc. raised?
Arcadia Power, Inc. has raised approximately $557.5M in disclosed capital across 12 recorded financing rounds, aggregated from public filings.
What is Arcadia Power, Inc.'s estimated valuation?
Provath's modeled valuation for Arcadia Power, Inc. is approximately $384.3M (modeled range $245.5M–$553.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Arcadia Power, Inc. at?
Arcadia Power, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Fri Mar 08.
What does Arcadia Power, Inc. do and where is it based?
Arcadia Power, Inc. operates in the Other Energy sector, based in Greenwood Village.
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