Companies · Other Energy

Aries Clean Energy, LLC

FRANKLIN · Other Energy

Diligence memoA one-page analyst read on Aries Clean Energy, LLC — recommendation, valuation, rhythm, risks.
$30.6M
Total raised · real
2
Rounds
0.4×
Latest step-up
Top 15%
Sector rank · raised
Series B
Latest stage · inferred · Thu Jun 04 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Aries Clean Energy, LLC looks under-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.

Under-valued
  • Modeled value is 0.52× the median modeled value of Series B Other Energy companies in 2019–2021 (30 peers) — value vs value, same stage and era.
Dormant
  • Last raise 6.1 yr ago; this sector typically re-raises about every 12 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Aries Clean Energy, 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
8.5 yr record
Peak capital year was 2017 with $21.4M across 1 filings.
Market position
ahead of 86% of Other Energy peers
Capital scale is ahead of 86% of Other Energy peers; modeled value is above 83% 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 2017: $21.4M across 1 filings.
  • Largest single filing was $21.4M on 2017-12-21.
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.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
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

Aries Clean Energy, LLC is one of 2049 Other Energy companies tracked from FRANKLIN. By capital raised it ranks in the upper tier (ahead of 86% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

climate/cleantech

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
24
Investors (latest)
2017
Year incorporated
2020-06-04
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$125M$250M$375M$500MSeries B · 2017-12-21 Raised $21M (real) Modeled valuation $248M (est)$21M$248MSeries B2017Series B · 2020-06-04 Raised $9.3M (real) Modeled valuation $107M (est)$9.3M$107MSeries B2020+$9.3MCumulative $31M

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
Series B$21.4M · 2017
Series B extension$9.3M · 2020

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$107.3M
Base estimate est.
$22.0M
Conservative case
$413.1M
Upside case
$51.4M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the energy sector profile. Directional, not a quoted figure.

Series B · modeled $248.1M · 2017-12-212017Series B · modeled $107.3M · 2020-06-042020
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
65%
Survival probability
43% low · 79% high
1.22×/yr
Annual markup
1.47×/yr upside case
6.0 yr
Elapsed time used
6.1 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
29 mo
Avg between rounds
$12.5M/yr
Capital velocity
8.5 yr
On record since
2017
First round
2
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) 8.9× above median
This company$30.6M
Sector median$3.4M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.5× of median
This company$9.3M
Sector median$19.1M
Modeled value — vs sector median (estimate, all stages) 6.3× above median
This company$107.3M
Sector median$17.0M

Raised more than 86% of sector peers (real $). Modeled value above 83% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #27 of 30.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)CalBioGas Investors I LLC · Series B Raised $35.6M · modeled $412.9M (est)Crown Lng Holdings Llc · Series B Raised $40.0M · modeled $407.4M (est)PowerTeam Management Feeder, LLC · Series B Raised $30.2M · modeled $349.9M (est)Monarch Resource Partners Holdings LLC · Series B Raised $36.6M · modeled $320.8M (est)NG Advantage LLC · Series B Raised $50.6M · modeled $309.5M (est)Sunshine Silver Mining & Refining Corp · Series B Raised $37.0M · modeled $292.3M (est)BayoTech Holdings, LLC · Series B Raised $40.0M · modeled $286.7M (est)Resource Anadarko Royalties LLC · Series B Raised $23.8M · modeled $275.6M (est)Fuel Tech, Inc. · Series B Raised $25.8M · modeled $265.6M (est)Natural Power Concepts Commercial Inc. · Series B Raised $22.0M · modeled $255.3M (est)BHP Capital, Inc. · Series B Raised $22.0M · modeled $233.2M (est)Old Falls Group, LLC · Series B Raised $20.0M · modeled $232.1M (est)Aries Clean Energy, LLC (this company) Raised $30.6M · modeled $107.3M (est)Aries Clean Energy, LLC
CompanyStageRaised · realValue · estvs peer med.
CalBioGas Investors I LLCSeries B$35.6M$412.9M2.02×
Crown Lng Holdings LlcSeries B$40.0M$407.4M1.99×
PowerTeam Management Feeder, LLCSeries B$30.2M$349.9M1.71×
Monarch Resource Partners Holdings LLCSeries B$36.6M$320.8M1.57×
NG Advantage LLCSeries B$50.6M$309.5M1.51×
Sunshine Silver Mining & Refining CorpSeries B$37.0M$292.3M1.43×
BayoTech Holdings, LLCSeries B$40.0M$286.7M1.40×
Resource Anadarko Royalties LLCSeries B$23.8M$275.6M1.35×
Fuel Tech, Inc.Series B$25.8M$265.6M1.30×
Natural Power Concepts Commercial Inc.Series B$22.0M$255.3M1.25×
BHP Capital, Inc.Series B$22.0M$233.2M1.14×
Old Falls Group, LLCSeries B$20.0M$232.1M1.13×
Aries Clean Energy, LLC this companySeries B$30.6M$107.3M0.52×
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.
Series B$21.4M2017-12-21$118.8M$248.1M90%
Series B$9.3M2020-06-04$51.4M$107.3M90%
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. Series B$21.4M2017-12-21
    • First recorded raise — entered as Series B.
    • 4 investors on this round.
  2. Series B$9.3M2020-06-04
    • Raised again after 29 mo — slower than the ~12 mo sector norm.
    • Round 2.3× smaller than the prior — bridge or down round.
    • 24 investors on this round.
Intelligence
2022 ~Q4
Modeled next raise · ~29mo cadence
$9.3M
Modeled next size est.range $9.3M$14.8M
0.4×
Last step-up
$12.5M/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
John Thompson12 other2017-12
Nikhil Garg4 other2017-12
Benjamin Gardner1 other2017-12
DeWitt Thompson, IV2017-12
DeWitt Thompson, V2017-12
Gregory Bafalis2017-12
Jeffrey Snyder2017-12
Linda Schulthise2017-12
Mark Witt2017-12
Michael Childers2017-12
Robert Burke, Jr.2020-06
Registry & provenance

Aries Clean Energy, 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
1726737
SEC CIK
2017
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
Resynergi, IncOther EnergySeries B$30.6M$83.7Msame sector · same stage
Cig Cs3, LlcOther EnergySeries B$30.5M$123.5Msame sector · same stage
Bowdish Fund 1, LLCOther EnergySeries B$30.0M$107.7Msame sector · same stage
Hamptonridge Energy Fund Iv, LlcOther EnergySeries B$30.0M$107.7Msame sector · same stage
Sunshine State Energy Holdings, Inc.Other EnergySeries B$30.0M$107.7Msame sector · same stage
TRP-AP Renewables, LPOther EnergySeries B$30.0M$149.8Msame sector · same stage
Summit Next Gen Holdings, LLCOther EnergySeries B$31.4M$101.0Msame sector · same stage
Beacon Power Services, Corp.Other EnergySeries B$29.8M$106.4Msame 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
Clean Energy Technology CoOther EnergyPre-Seed$2.3M88%
Solar Tech Energy Systems, Inc.Other EnergySeed$4.0M88%
Clean Energy Fuels Corp.Other EnergySeries C$998.7M88%
Alternative Sustainability LLCOther EnergyPre-Seed$1.4M88%
ARC Clean Energy, Inc.Other EnergySeries A$7.6M87%
Novus Clean Energy, LLCOther EnergySeed$19.5M87%
Meridian Clean Energy, LLCOther EnergySeries A$51.1M87%
Peak Clean Energy Holdings, LLCOther EnergySeed$23.5M86%
Frequently asked
How much funding has Aries Clean Energy, LLC raised?
Aries Clean Energy, LLC has raised approximately $30.6M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Aries Clean Energy, LLC's estimated valuation?
Provath's modeled valuation for Aries Clean Energy, LLC is approximately $107.3M (modeled range $22.0M–$413.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Aries Clean Energy, LLC at?
Aries Clean Energy, LLC's latest modeled financing stage is Series B. Its most recent recorded round closed around Thu Jun 04.
What does Aries Clean Energy, LLC do and where is it based?
Aries Clean Energy, LLC operates in the Other Energy sector, based in FRANKLIN.
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