Companies · Electric Utilities

Base Electric & Water Corp.

HONOLULU · Electric Utilities · https://boardofwatersupply.com/

Diligence memoA one-page analyst read on Base Electric & Water Corp. — recommendation, valuation, rhythm, risks.
$1.1B
Total raised · real
2
Rounds
14.3×
Latest step-up
Top 3%
Sector rank · raised
Growth/Late
Latest stage · inferred · Mon Jul 22 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Base Electric & Water Corp. has raised $1.1B over 2 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the utilities sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

At-risk
  • Last raise 23 mo ago; this sector typically re-raises about every 10 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 Electric Utilities

Base Electric & Water Corp. is one of 133 Electric Utilities companies tracked from HONOLULU. By capital raised it ranks among the largest (ahead of 98% 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.

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

Home

Find information about reported water main breaks on pipes 4” or larger or have significant impact in the community. Find information about reported water main breaks on pipes 4” or larger or have significant impact in the community. Hurricane season starts soon. Make sure you have sufficient fresh water storage for drinking and sanitation purposes. > VIEW EMERGENCY PREP TIPS MORE Emergency Preparedness BWS residential and commercial customers may qualify for a water conservation rebate on qualified purchases. > VIEW WATER SENSIBLE REBATES MORE Water Sensible Rebates ©2026 Board of Water Supply, City and County of Honolulu. All Rights Reserved.

Find Home online

Trades publicly as Home.

As reported in public records reported — not modeled.

US
Jurisdiction
$100M+
Issuer revenue
Rule 506(c)
Reg D exemption
2
Investors (latest)
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$2.5B$5.0B$7.5B$10.0BSeries C · 2024-07-18 Raised $70M (real) Modeled valuation $459M (est)$70M$459MSeries C2024Growth/Late · 2024-07-22 Raised $1.0B (real) Modeled valuation $9.6B (est)$1.0B$9.6BGrowth/Late2024+$1.0BCumulative $1.1B

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 C$70.0M · 2024
Growth/Late$1.0B · 2024no Series D+ on file

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series D+ — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 29%.

Modeled valuation trajectory
$9.6B
Base estimate est.
$8.2B
Conservative case
$11.8B
Upside case
$10.0B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Growth/Latea round over $400M). Valuation is modeled from stage benchmarks scaled by the utilities sector profile. Directional, not a quoted figure.

Series C · modeled $458.8M · 2024-07-182024Growth/Late · modeled $9.6B · 2024-07-222024
Model inputs · modeled:benchmark-stage-stepup-v1
10%
Dilution assumption
Implied ownership sold in the financing.
95%
Survival probability
82% low · 98% high
1.01×/yr
Annual markup
1.10×/yr upside case
1.9 yr
Elapsed time used
1.9 yr actual, capped for stale marks
utilities
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
2.0 yr
On record since
2024
First round
2
Rounds on file
How it compares to the market

Benchmarked against 133 companies in Electric Utilities. 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) 133× above median
This company$1.1B
Sector median$8.0M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 2.2× above median
This company$1.0B
Sector median$458.5M
Modeled value — vs sector median (estimate, all stages) 244× above median
This company$9.6B
Sector median$39.4M

Raised more than 98% of sector peers (real $). Modeled value above 98% of peers (estimate).

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 C$70.0M2024-07-18$466.7M$458.8M90%
Growth/Late$1.0B2024-07-22$10.0B$9.6B90%
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 C$70.0M2024-07-18
    • First recorded raise — entered as Series C.
    • 1 investor on this round.
  2. Growth/Late$1.0B2024-07-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 14.3× larger than the prior — scaling up.
    • 2 investors on this round.
Intelligence
2024 ~Q3
Modeled next raise · ~0mo cadence
$3.0B
Modeled next size est.range $2.0B$4.8B
14.3×
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
Linden Robert Arnold1 other2024-07
Registry & provenance

Base Electric & Water 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
2030567
SEC CIK
Recent activity

Discovered from boardofwatersupply — the partnerships, launches, hiring and press it publishes about itself. Evidence the company is alive and what it is doing now, not financial data.

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
Gridiron Energy Feeder I, L.P.Electric UtilitiesGrowth/Late$900.0M$8.9Bsame sector · same stage
Gridiron Energy, LLCElectric UtilitiesGrowth/Late$900.0M$8.9Bsame sector · same stage
Northeast UtilitiesElectric UtilitiesGrowth/Late$1.8B$10.7Bsame sector · same stage
Entegra TC LLCElectric UtilitiesGrowth/Late$521.1M$4.9Bsame sector · same stage
Firstenergy CorpElectric UtilitiesGrowth/Late$500.0M$5.0Bsame sector · same stage
Hawaiian Electric Co IncElectric UtilitiesGrowth/Late$457.0M$396.5Msame sector · same stage
OHm Geothermal LLCElectric UtilitiesGrowth/Late$430.0M$4.1Bsame sector · same stage
Infinity Green Inc.Electric UtilitiesGrowth/Late$6.7B$29.8Bsame 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
Sway Water, Inc.OtherPre-Seed$2.4M70%
Energy Water Services HoldCo LLCEnergy / ClimateSeries A$135.7M70%
Impact Water LLCOtherSeed$23.0M70%
Banyan Water, Inc.OtherSeed$33.3M69%
Good Power Holdings, LLCElectric UtilitiesSeed$2.9M69%
Westwater Resources, Inc.Other EnergySeries A$5.8M69%
Aqua Power Systems Inc.Energy / ClimatePre-Seed$2.7M69%
Public Service Electric & Gas CoElectric UtilitiesSeries B$231.8M69%
Frequently asked
How much funding has Base Electric & Water Corp. raised?
Base Electric & Water Corp. has raised approximately $1.1B in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Base Electric & Water Corp.'s estimated valuation?
Provath's modeled valuation for Base Electric & Water Corp. is approximately $9.6B (modeled range $8.2B–$11.8B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Base Electric & Water Corp. at?
Base Electric & Water Corp.'s latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Mon Jul 22.
What does Base Electric & Water Corp. do and where is it based?
Base Electric & Water Corp. operates in the Electric Utilities sector, based in HONOLULU. Home
Explore related

See where Base Electric & Water Corp. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at Base Electric & Water Corp., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.