Companies · Other Energy

Arq LtdSummer 2021Active

London · United Kingdom · Other Energy · founded 2022 · https://www.arqfinance.com/

Diligence memoA one-page analyst read on Arq Ltd — recommendation, valuation, rhythm, risks.
$173.2M
Total raised · real
6
Rounds
0.0×
Latest step-up
Top 4%
Sector rank · raised
Series C
Latest stage · inferred · Fri Aug 19 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Arq Ltd 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 0.01× the median modeled value of Series C Other Energy companies in 2022–2024 (26 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.9 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

Arq Ltd is one of 2048 Other Energy companies tracked from London, United Kingdom, on record since 2022. By capital raised it ranks among the largest (ahead of 97% 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.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

The global financial platform for affluent consumers in the Americas.

ARQ opens the world’s strongest assets and markets to travelers, investors and professionals across the Americas—so they can spend, receive, send and grow their money wherever they are. Formerly known as DolarApp.

FintechCrypto / Web3
Find Arq Ltd online

As reported in public records reported — not modeled.

GB
Jurisdiction
Rule 506(b)
Reg D exemption
4
Investors (latest)
2022-08-19
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$250M$500M$750M$1.0BSeed · 2015-03-20 Raised $3.6M (real) Modeled valuation $47M (est)Seed2015Series B · 2015-03-20 Raised $32M (real) Modeled valuation $372M (est)Series B2015Series B · 2016-10-24 Raised $22M (real) Modeled valuation $251M (est)Series B2016Series B · 2017-07-28 Raised $6.8M (real) Modeled valuation $79M (est)Series B2017Series C · 2018-07-18 Raised $47M (real) Modeled valuation $565M (est)Series C2018Series C · 2018-07-18 Raised $50M (real) Modeled valuation $600M (est)Series C2018Series C · 2019-12-01 Raised $62M (real) Modeled valuation $744M (est)Series C2019Series C · 2022-08-19 Raised $496K (real) Modeled valuation $4.3M (est)Series C2022+$32M+$22M+$6.8M+$47M+$50M+$62M+$496KCumulative $224M

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
Seed$3.6M · 2015
Series B$32.1M · 2015no Series A on file
Series B extension$21.6M · 2016
Series B extension$6.8M · 2017
Series C$47.2M · 2018
Series C extension$50.1M · 2018
Series C extension$62.1M · 2019
Series C extension$496K · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 60%.

Modeled valuation trajectory
$4.3M
Base estimate est.
$1.8M
Conservative case
$8.5M
Upside case
$3.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the energy sector profile. Directional, not a quoted figure.

Seed · modeled $47.4M · 2015-03-202015Series B · modeled $372.0M · 2015-03-20Series B · modeled $251.2M · 2016-10-24Series B · modeled $79.2M · 2017-07-28Series C · modeled $564.6M · 2018-07-18Series C · modeled $600.0M · 2018-07-18Series C · modeled $743.6M · 2019-12-01Series C · modeled $4.3M · 2022-08-192022
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
74%
Survival probability
55% low · 86% high
1.16×/yr
Annual markup
1.33×/yr upside case
3.9 yr
Elapsed time used
3.9 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$23.4M/yr
Capital velocity
11.3 yr
On record since
2015
First round
8
Rounds on file
How it compares to the market

Benchmarked against 2048 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) 51× above median
This company$173.2M
Sector median$3.4M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.0× of median
This company$496K
Sector median$47.0M
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$4.3M
Sector median$17.0M

Raised more than 97% of sector peers (real $). Modeled value above 23% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #26 of 26.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Easy Energy Finance, Inc. · Series C Raised $100.0M · modeled $879.6M (est)Novasource Power Holdings, Inc. · Series C Raised $100.0M · modeled $877.4M (est)UM Capital LLC · Series C Raised $100.0M · modeled $653.6M (est)KORE Power, Inc. · Series C Raised $75.1M · modeled $630.1M (est)Gac Ii, Llc · Series C Raised $100.0M · modeled $626.0M (est)Dandelion Energy, Inc. · Series C Raised $133.8M · modeled $616.6M (est)e2Companies LLC · Series C Raised $61.2M · modeled $557.0M (est)Faro Energy Holdings LLC · Series C Raised $55.6M · modeled $482.6M (est)TerraVolta Resources, LLC · Series C Raised $53.2M · modeled $422.8M (est)Poulterra Inc. · Series C Raised $50.0M · modeled $412.1M (est)SMG Industries Inc. · Series C Raised $59.0M · modeled $402.4M (est)FastCAP Systems Corp · Series C Raised $109.1M · modeled $347.7M (est)Arq Ltd (this company) Raised $173.2M · modeled $4.3M (est)Arq Ltd
CompanyStageRaised · realValue · estvs peer med.
Easy Energy Finance, Inc.Series C$100.0M$879.6M2.61×
Novasource Power Holdings, Inc.Series C$100.0M$877.4M2.60×
UM Capital LLCSeries C$100.0M$653.6M1.94×
KORE Power, Inc.Series C$75.1M$630.1M1.87×
Gac Ii, LlcSeries C$100.0M$626.0M1.86×
Dandelion Energy, Inc.Series C$133.8M$616.6M1.83×
e2Companies LLCSeries C$61.2M$557.0M1.65×
Faro Energy Holdings LLCSeries C$55.6M$482.6M1.43×
TerraVolta Resources, LLCSeries C$53.2M$422.8M1.25×
Poulterra Inc.Series C$50.0M$412.1M1.22×
SMG Industries Inc.Series C$59.0M$402.4M1.19×
FastCAP Systems CorpSeries C$109.1M$347.7M1.03×
Arq Ltd this companySeries C$173.2M$4.3M0.01×
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.
Seed$3.6M2015-03-20$18.3M$47.4M85%
Series B$32.1M2015-03-20$178.1M$372.0M85%
Series B$21.6M2016-10-24$120.3M$251.2M90%
Series B$6.8M2017-07-28$37.9M$79.2M90%
Series C$47.2M2018-07-18$314.4M$564.6M90%
Series C$50.1M2018-07-18$334.1M$600.0M90%
Series C$62.1M2019-12-01$414.0M$743.6M90%
Series C$496K2022-08-19$3.3M$4.3M90%
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. Seed$3.6M2015-03-20
    • First recorded raise — entered as Seed.
    • 8 investors on this round.
  2. Series B$32.1M2015-03-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 8.8× larger than the prior — scaling up.
    • 22 investors on this round.
  3. Series B$21.6M2016-10-24
    • Raised again after 19 mo — slower than the ~12 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  4. Series B$6.8M2017-07-28
    • Raised 9 mo later, in step with the ~12 mo sector norm.
    • Round 3.2× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  5. Series C$47.2M2018-07-18
    • Raised 12 mo later, in step with the ~12 mo sector norm.
    • Round 6.9× larger than the prior — scaling up.
    • 51 investors on this round.
  6. Series C$50.1M2018-07-18
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 51 investors on this round.
  7. Series C$62.1M2019-12-01
    • Raised 16 mo later, in step with the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 76 investors on this round.
  8. Series C$496K2022-08-19
    • Raised again after 33 mo — slower than the ~12 mo sector norm.
    • Round 125.3× smaller than the prior — bridge or down round.
    • 4 investors on this round.
Intelligence
2023 ~Q3
Modeled next raise · ~13mo cadence
$496K
Modeled next size est.range $496K$793K
0.0×
Last step-up
$23.4M/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
Jeremy Blank2 other2019-12
Julian McIntyre1 other2015-03
Mike Muller1 other2019-12
R. William West1 other2015-03
Bernie Bulkin2019-12
Bernie William Bulkin2022-08
Cory Lane2019-12
Henry S. Romaine, Jr.2018-07
Jeremy W. Blank2017-07
Jeremy William Blank2018-07
Joseph Valis2019-12
Joseph William Valis2018-07
Joseph W. Valis2015-03
Mick Davis2019-12
Mike William Muller2022-08
Patrick William Forkin2022-08
Paul Groves2019-12
Paul William Groves2018-07
Richard Campbell-Breeden2017-07
Richard William Campbell-Breeden2022-08
Sim S. Mann2018-07
Sim William Mann2022-08
Steve William Jacobs2018-07
Venkat Siva2019-12
Registry & provenance

Arq Ltd 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
GB
Jurisdiction
1637606
SEC CIK
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Frequently asked
How much funding has Arq Ltd raised?
Arq Ltd has raised approximately $173.2M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Arq Ltd's estimated valuation?
Provath's modeled valuation for Arq Ltd is approximately $4.3M (modeled range $1.8M–$8.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Arq Ltd at?
Arq Ltd's latest modeled financing stage is Series C. Its most recent recorded round closed around Fri Aug 19.
What does Arq Ltd do and where is it based?
Arq Ltd operates in the Other Energy sector, based in London, United Kingdom. The global financial platform for affluent consumers in the Americas.
Explore related

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

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