Companies · Other Energy

Biofine Developments Northeast, Inc.

BROOKLINE · Other Energy

Diligence memoA one-page analyst read on Biofine Developments Northeast, Inc. — recommendation, valuation, rhythm, risks.
$872K
Total raised · real
2
Rounds
1.2×
Latest step-up
Top 77%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Tue Nov 01 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Biofine Developments Northeast, Inc. looks over-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.

Over-valued
  • Modeled value is 1.53× the median modeled value of Pre-Seed Other Energy companies in 2022–2024 (84 peers) — value vs value, same stage and era.
  • Issuer reports no revenue, yet is modeled well above niche peers.
At-risk
  • Last raise 3.7 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

Biofine Developments Northeast, Inc. is one of 2048 Other Energy companies tracked from BROOKLINE. By capital raised it ranks in the long tail (ahead of 24% 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
No revenue
Issuer revenue
Rule 506(b)
Reg D exemption
1
Investors (latest)
2019
Year incorporated
2022-11-01
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$2.5M$5.0M$7.5M$10MPre-Seed · 2021-01-11 Raised $400K (real) Modeled valuation $5.3M (est)$400K$5.3MPre-Seed2021Pre-Seed · 2022-11-01 Raised $472K (real) Modeled valuation $3.1M (est)$472K$3.1MPre-Seed2022+$472KCumulative $872K

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$400K · 2021
Pre-Seed extension$472K · 2022

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

Modeled valuation trajectory
$3.1M
Base estimate est.
$299K
Conservative case
$17.2M
Upside case
$2.6M
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.

Pre-Seed · modeled $5.3M · 2021-01-112021Pre-Seed · modeled $3.1M · 2022-11-012022
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
3.7 yr
Elapsed time used
3.7 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
22 mo
Avg between rounds
$483K/yr
Capital velocity
5.5 yr
On record since
2021
First round
2
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) 0.3× of median
This company$872K
Sector median$3.4M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 1.3× above median
This company$472K
Sector median$373K
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$3.1M
Sector median$17.0M

Raised more than 24% of sector peers (real $). Modeled value above 16% 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 #25 of 84.

This companyCohort peer
$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)Biofine Developments Northeast, Inc. (this company) Raised $872K · modeled $3.1M (est)Biofine Developments Northeast, Inc.
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×
Biofine Developments Northeast, Inc. this companyPre-Seed$872K$3.1M1.53×
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$400K2021-01-11$2.2M$5.3M90%
Pre-Seed$472K2022-11-01$2.6M$3.1M90%
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$400K2021-01-11
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
  2. Pre-Seed$472K2022-11-01
    • Raised again after 22 mo — slower than the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
Intelligence
2024 ~Q3
Modeled next raise · ~22mo cadence
$557K
Modeled next size est.range $472K$892K
1.2×
Last step-up
$483K/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
James P Townsend2022-11
Michael W Cassata2021-01
Michael W Estes2022-11
Richard L Pearlstone2021-01
Robert W Catzen2021-01
Stephen W Fitzpatrick2021-01
Registry & provenance

Biofine Developments Northeast, Inc. 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
1842126
SEC CIK
2019
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
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Andalay Solar, Inc.Other EnergyPre-Seed$850K$3.2Msame sector · same stage
Sunland America, Corp.Other EnergyPre-Seed$895K$2.0Msame sector · same stage
Enerteck CorpOther EnergyPre-Seed$900K$1.6Msame sector · same stage
PCC Hydrogen Inc.Other EnergyPre-Seed$844K$1.6Msame sector · same stage
Verdant Automotive CorpOther EnergyPre-Seed$950K$2.6Msame sector · same stage
New Energy Blue LLCOther EnergyPre-Seed$800K$4.0Msame 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
New Energy Systems, Inc.Other EnergySeries A$40.6M87%
kWh New Energy CorpOther EnergyPre-Seed$2.7M87%
New Alternative Green Energy IncOther EnergyPre-Seed$1.7M86%
B New Fuels Holdings IncOther EnergySeries B$91.6M86%
Bioleum CorpOther EnergySeries C$116.6M86%
Blue Biofuels, Inc.Other EnergySeed$583K86%
Farm to Flame Energy Inc.Other EnergyPre-Seed$707K86%
BioLargo Energy Technologies Inc.Other EnergyPre-Seed$1.9M86%
Frequently asked
How much funding has Biofine Developments Northeast, Inc. raised?
Biofine Developments Northeast, Inc. has raised approximately $872K in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Biofine Developments Northeast, Inc.'s estimated valuation?
Provath's modeled valuation for Biofine Developments Northeast, Inc. is approximately $3.1M (modeled range $299K–$17.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Biofine Developments Northeast, Inc. at?
Biofine Developments Northeast, Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Tue Nov 01.
What does Biofine Developments Northeast, Inc. do and where is it based?
Biofine Developments Northeast, Inc. operates in the Other Energy sector, based in BROOKLINE.
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