Diligence memo · auto-generated · as of July 2, 2026
Arq Ltd
Arq Ltd looks under-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
Arq Ltd operates in Other Energy, based in London, United Kingdom. The global financial platform for affluent consumers in the Americas.
Sub-sector tags: Fintech, Crypto / Web3.
Capital & rounds (filed)filed
Arq Ltd has raised $173M in disclosed capital across 6 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $62M on 2019-12-01.
Most recent recorded round closed around 2022-08-19.
Valuation (modeled)modeled
Provath models Arq Ltd at approximately $4.3M (range $1.8M–$8.5M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
Historic cadence: a new round about every 13 months.
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.
The last round was 125.3× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 97% of Other Energy peers (2048 compared).
Modeled value ranks above 23% of those peers.
Closest niche peers: Easy Energy Finance, Inc., Novasource Power Holdings, Inc., UM Capital LLC, KORE Power, Inc., Gac Ii, Llc.
Peoplefiled
24 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.