Companies · Other Energy

Azure Sustainable Fuels Corp

CALGARY · Other Energy

Diligence memoA one-page analyst read on Azure Sustainable Fuels Corp — recommendation, valuation, rhythm, risks.
$168K
Total raised · real
1
Rounds
Latest step-up
Top 96%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Fri Aug 04 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Azure Sustainable Fuels Corp 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 0.41× the median modeled value of Pre-Seed Other Energy companies in 2022–2024 (84 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.9 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

Azure Sustainable Fuels Corp is one of 2049 Other Energy companies tracked from CALGARY. By capital raised it ranks in the long tail (ahead of 5% 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)
2021
Year incorporated
2023-08-04
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$250K$500K$750K$1.0MPre-Seed · 2023-08-04 Raised $168K (real) Modeled valuation $820K (est)$168K$820KPre-Seed2023

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$168K · 2023

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

Modeled valuation trajectory
$820K
Base estimate est.
$106K
Conservative case
$3.6M
Upside case
$933K
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.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
28%
Survival probability
11% low · 52% high
1.47×/yr
Annual markup
2.00×/yr upside case
2.9 yr
Elapsed time used
2.9 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
2.9 yr
On record since
2023
First round
1
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) 0.0× of median
This company$168K
Sector median$3.4M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.4× of median
This company$168K
Sector median$373K
Modeled value — vs sector median (estimate, all stages) 0.0× of median
This company$820K
Sector median$17.0M

Raised more than 5% of sector peers (real $). Modeled value above 2% 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 #71 of 84.

This companyCohort peer
$100K$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)Sol Clarity, Inc. · Pre-Seed Raised $920K · modeled $6.7M (est)Helios CoreShell Partners, LLC · Pre-Seed Raised $750K · modeled $6.5M (est)Trinary Solar Group IV LLC · Pre-Seed Raised $975K · modeled $6.3M (est)SunTrain, Inc. · Pre-Seed Raised $750K · modeled $6.2M (est)Advanced Thermovoltaic Systems, LLC · Pre-Seed Raised $762K · modeled $6.2M (est)InSite Holding, Inc. · Pre-Seed Raised $885K · modeled $6.0M (est)Blue Line Marketing, LLC · Pre-Seed Raised $650K · modeled $5.8M (est)Sol Renewables Inc · Pre-Seed Raised $1.6M · modeled $5.7M (est)McCune Works Inc. · Pre-Seed Raised $984K · modeled $5.3M (est)GenHydro Inc. · Pre-Seed Raised $1.0M · modeled $5.1M (est)Resource Royalty Exclusive, LLC · Pre-Seed Raised $628K · modeled $5.0M (est)CS Renewables, Inc. · Pre-Seed Raised $2.0M · modeled $4.4M (est)Azure Sustainable Fuels Corp (this company) Raised $168K · modeled $820K (est)Azure Sustainable Fuels Corp
CompanyStageRaised · realValue · estvs peer med.
Sol Clarity, Inc.Pre-Seed$920K$6.7M3.30×
Helios CoreShell Partners, LLCPre-Seed$750K$6.5M3.23×
Trinary Solar Group IV LLCPre-Seed$975K$6.3M3.10×
SunTrain, Inc.Pre-Seed$750K$6.2M3.07×
Advanced Thermovoltaic Systems, LLCPre-Seed$762K$6.2M3.06×
InSite Holding, Inc.Pre-Seed$885K$6.0M2.96×
Blue Line Marketing, LLCPre-Seed$650K$5.8M2.89×
Sol Renewables IncPre-Seed$1.6M$5.7M2.81×
McCune Works Inc.Pre-Seed$984K$5.3M2.63×
GenHydro Inc.Pre-Seed$1.0M$5.1M2.51×
Resource Royalty Exclusive, LLCPre-Seed$628K$5.0M2.46×
CS Renewables, Inc.Pre-Seed$2.0M$4.4M2.20×
Azure Sustainable Fuels Corp this companyPre-Seed$168K$820K0.41×
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$168K2023-08-04$933K$820K90%
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$168K2023-08-04
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
Intelligence
Modeled next raise
$269K
Modeled next size est.range $175K$430K
Last step-up
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
Adam Harley Twa2023-08
Darren Harley Ongyerth2023-08
David Harley Gallagher2023-08
Douglas Harley Cole2023-08
Eric Harley Shaw2023-08
Paul Harley Bowen2023-08
Sean Harley Hindmarch2023-08
Stuart Harley Roberts2023-08
Registry & provenance

Azure Sustainable Fuels 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
1996881
SEC CIK
2021
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
Greenlancer Energy, Inc.Other EnergyPre-Seed$168K$2.7Msame sector · same stage
Solargen Energy, Inc.Other EnergyPre-Seed$168K$2.7Msame sector · same stage
PSM Solar MA 2 LLCOther EnergyPre-Seed$169K$2.7Msame sector · same stage
Crosby County Wind Farm, LLCOther EnergyPre-Seed$167K$2.7Msame sector · same stage
kWh New Energy CorpOther EnergyPre-Seed$170K$2.7Msame sector · same stage
Firepoint Energy IncOther EnergyPre-Seed$165K$382Ksame sector · same stage
MT CB VS Komuna Esalen Solar, LLCOther EnergyPre-Seed$173K$2.8Msame sector · same stage
Soliant Energy IncOther EnergyPre-Seed$162K$2.6Msame 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
Sustainable Waste Power Systems, Inc.Other EnergySeries A$67.0M89%
Ocean Thermal Energy CorpOther EnergyPre-Seed$7.7M88%
Farm to Flame Energy Inc.Other EnergyPre-Seed$707K87%
CS Renewables, Inc.Other EnergyPre-Seed$4.4M87%
Woodland Biomass Innovations, Inc.Other EnergyPre-Seed$746K87%
Paradigm Emissions Technologies, Inc.Other EnergyPre-Seed$3.1M87%
Blue Biofuels, Inc.Other EnergySeed$583K87%
New Alternative Green Energy IncOther EnergyPre-Seed$1.7M87%
Frequently asked
How much funding has Azure Sustainable Fuels Corp raised?
Azure Sustainable Fuels Corp has raised approximately $168K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Azure Sustainable Fuels Corp's estimated valuation?
Provath's modeled valuation for Azure Sustainable Fuels Corp is approximately $820K (modeled range $106K–$3.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Azure Sustainable Fuels Corp at?
Azure Sustainable Fuels Corp's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Fri Aug 04.
What does Azure Sustainable Fuels Corp do and where is it based?
Azure Sustainable Fuels Corp operates in the Other Energy sector, based in CALGARY.
Explore related

See where Azure Sustainable Fuels 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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